Analysis of the key themes driving M&A activity reveals that renewable energy accounted for 10 mining deals announced in Q4 2023, worth a total value of $63.5m. The $50m acquisition of Phalaborwa Project- Assets by TechMet 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.
In value terms, renewable energy-related deal activity increased by 33% in Q4 2023 compared with the previous quarter’s total of $47.6m and fell by 79% as compared to Q4 2022. Related deal volume decreased by 17% in Q4 2023 versus the previous quarter and was 150% higher than in Q4 2022.
The top-ranked financial advisors supporting these M&A deals in Q4 2023 were Bank of Montreal; Bank of America; Centerview Partners with 2, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q4 2023 were McCarthy Tetrault; KWM Service; Weil, Gotshal & Manges with 3, 2, 2 deals respectively.
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For further understanding of GlobalData's Mining Industry Mergers and Acquisitions Deals by Top Themes in 2023 – Thematic Intelligence, buy the report here.
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