In the Canadian mining industry, there were 149 M&A deals announced in Q2 2023, worth a total value of $17.8bn, according to GlobalData’s Deals Database. The $17bn acquisition of teck resources by glencore was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes, the M&A activity and most notable deals are included in GlobalData’s Mining Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.
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In value terms, M&A activity in Canada increased by 585% in Q2 2023 compared with the previous quarter’s total of $2.6bn and rose by 615% as compared to Q2 2022. Related deal volume decreased by 24% in Q2 2023 versus the previous quarter and was 24% higher than in Q2 2022.
The top-ranked financial advisors supporting these M&A deals in Canada in Q2 2023 were Bank of Montreal; Canaccord Genuity Group; Haywood Securities with 3, 3, 3 deals respectively.
The top-ranked legal advisorss supporting these M&A deals in Canada Q2 2023 were Fasken Martineau DuMoulin; Cassels Brock & Blackwell; Bennett Jones with 9, 7, 4 deals respectively.
For further understanding of GlobalData's Mining Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.
