Analysis of the key themes driving M&A activity reveals that energy transition accounted for 89 mining deals announced in Q2 2023, worth a total value of $1.2bn. The $775m minority acquisition of Alumina do Norte do Brasil and Mineracao Rio do Norte by Glencore was the industry’s largest disclosed deal. GlobalData’s Mining Industry Mergers and Acquisitions Deals by Top Themes – Thematic Intelligence report helps understand the themes that impact the metals & mining industry by analyzing which themes drive the M&A activity. Buy the report here.
In value terms, energy transition-related deal activity increased by 386% in Q2 2023 compared with the previous quarter’s total of $247.1m and rose by 1026% as compared to Q2 2022. Related deal volume decreased by 5% in Q2 2023 versus the previous quarter and was 642% higher than in Q2 2022.
The top-ranked financial advisors supporting these M&A deals in Q2 2023 were Davy Group; Gordon Dyal & Co. Advisory Group; Haywood Securities with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q2 2023 were Fasken Martineau DuMoulin; Linklaters; Cozen O'Conner with 4, 2, 1 deals respectively.
For further understanding of GlobalData's Mining Industry Mergers and Acquisitions Deals by Top Themes in 2022 - Thematic Intelligence, buy the report here.