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CCCA61_027-031.qxd:CCCA_V1No1_DriversSeat-FIN.qxd 2/8/08 11:46 AM Page 27 Feature The evolution of the The evolution of the private equity market private equity market The Canadian M&A landscape is not dead – it’s just evolving Sean McMaster Executive vice-president corporate & general counsel TransCanada Corporation Calgary The current global credit crunch, triggered by the collapse of the U.S. subprime housing market and subsequent lack of confidence in MARNIE BURKHART, JAZHART STUDIOS private equity, has let a lot of the air out of the recent mergers and acquisition boom. The good news, however, is that although every- thing from the players and source of capital to the size of the deals has changed, Canadian corporate counsels can find lots of upsides By Richard Skinulis amongst the gloom and doom. PRINTEMPS 2008 CCCA Canadian Corporate Counsel Association 27