In the North American mining industry, there were 182 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.
In value terms, M&A activity in North America increased by 224% in Q2 2023 compared with the previous quarter’s total of $5.5bn and rose by 394% as compared to Q2 2022. Related deal volume decreased by 24% in Q2 2023 versus the previous quarter and was 13% higher than in Q2 2022.
The top-ranked financial advisors supporting these M&A deals in North America in Q2 2023 were Canaccord Genuity Group; Red Cloud Securities; Bank of Montreal with 4, 4, 3 deals respectively.
The top-ranked legal advisors supporting these M&A deals in North America Q2 2023 were Fasken Martineau DuMoulin; Cassels Brock & Blackwell; Bennett Jones with 10, 7, 5 deals respectively.
For further understanding of GlobalData's Mining Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.