|
|
 |
|
ph: 604-688-2398 fx: 604-688-1963
CAN'T FIND SOMETHING? |
Big deals for breakfastExpert deal-makers reflect on their experiences in 2009 and make predictions for 2010By Baila Lazarus In the world of high-stakes deal-making, success or failure often depends on preparation, perseverance and timing. How each plays out will depend on what industry you’re in, so Business in Vancouver brought together experts in different fields to give their views on how these three influences affected recent deals and what’s to come. The event was BIV’s April 29 Biggest Deals Breakfast at the Vancouver Club. It followed the publication of two special feature sections in the newspaper that focused on 2009’s top 100 real estate deals (issue 1066; March 30-April 5) and top 50 M&A and stock-and-debt deals (issue 1067; April 6-12). Gathered to give their take on deal-making in the current economy were Avtar Bains, executive vice-president, Colliers International Vancouver; Randy Smallwood, president of Silver Wheaton; and Brad Newby, partner at Farris. Bains specializes in investment property sales, with an emphasis on shopping centres and office buildings. Opening the discussion with a summary of the real estate industry, he said, “I can’t imagine things being better than they are.” Bains added that, with values being higher than they were in 2007 and private capital now having a better chance to get involved in big deals, there are good opportunities for real estate investment in Canada today. Smallwood, meanwhile, focused on the advantages for his company of creating a silver-streaming niche in the mining industry. In 2009, Silver Wheaton was involved in a pair of financings worth $287.5 million and $285.5 million, which were ranked 14th and 15th on BIV’s list of the year’s biggest stock and debt deals. As the last speaker, Newby summarized his experiences practising law in the areas of M&As, corporate and commercial and corporate finance. He has been involved in several large commercial and real estate deals and said that, overall, the future is bright for transactions. “I think technology is going to be strong in the next years,” he said, citing a deal he is working on with Digital Payment Technologies for new parking metres. He also anticipated “lots of IPOs,” although it won’t be a trend. “If we get an IPO market going, that will be great for the fall.” • blazarus@biv.com This article from Business in Vancouver May 4-10, 2010; issue 1071 Business in Vancouver (www.biv.com) has been publishing in-depth local business news, analysis and commentary since 1989. The newspaper also produces a weekly ranked list of the biggest companies and players in a wide range of B.C. industries and commercial sectors, monthly features and industry-focused sections that arm its subscribers with a complete package of local business intelligence each week. |
|
||||
|
Comments about this site should be sent to: | ||||||
