In the Middle East and Africa mining industry, there were 24 M&A deals announced in Q4 2023, worth a total value of $3.1bn, according to GlobalData’s Deals Database. The $1.9bn acquisition of Cuprous Capital by MMG was the industry’s largest disclosed deal. GlobalData’s Mining Industry Mergers and Acquisitions Deals report for 2023 helps discover the latest insights on Mining Industry M&A transactions. The report uncovers the analyzes the disruptive themes behind the most notable deals, and helps anticipate shifts in the industry landscape. Buy the report here.
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In value terms, M&A activity in Middle East and Africa increased by 683% in Q4 2023 compared with the previous quarter’s total of $396m and rose by 595% as compared to Q4 2022. Related deal volume increased by 20% in Q4 2023 versus the previous quarter and was 71% higher than in Q4 2022.
The top-ranked financial advisors supporting these M&A deals in Middle East and Africa in Q4 2023 were Macquarie Advisory and Capital Markets South Africa; Standard Bank Group; Rothschild & Co with 4, 4, 3 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Middle East and Africa Q4 2023 were Nortons; Alchemy Law Africa; Davis Polk & Wardwell with 5, 4, 4 deals respectively.
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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.
