Resurging Q1 mining M&A bodes well for upswing – PwC
TORONTO (miningweekly.com) – Despite Canadian first-quarter merger and acquisition (M&A) activity declining in value and volume when compared with the fourth quarter, a report released on Thursday by professional services firm PwC expected that owing to encouraging signs in the resources sector, there is reason to be optimistic.
According to PwC's ‘Capital Markets Flash’, overall deal volume in the three months ended March 31 was down 5% from the previous quarter, while deal value sank by 6%.
Year-over-year comparisons, however, were much more positive in both areas, with volume up nearly 20% from the first quarter of 2013 and value increasing by 12%.
While the first quarter’s largest deal came out of the pharmaceuticals sector, with Forest Labs’ C$2.9-billion acquisition of Quebec-based Aptalis Holdings, PwC said that the resource industries ultimately claimed the spotlight.
Of the top ten deals by value, three were in energy, making it the strongest sector of the quarter for the first time since the fourth quarter of 2012, adding that the battle for control of Osisko Mining between hostile Goldcorp and ‘white knight’ Yamana Gold showed a resurgence of mining activity after a slow period.
"Although the numbers for this quarter are not great, strength in energy and a potential resurgence in mining suggest that M&A activity may finally be looking at the upswing we've been anticipating for some time. However, predicting the impact of the falling Loonie on M&A activity is a little more complex,” PwC’s Canadian deals leader, Nicolas Marcoux, said.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Rio Carb is an OEM (Original Equipment Manufacturer) of R-C700 Chromium Carbide (CrC) alloy clad wear plates and pipes used for heavy materials...
VISIT SHOWROOM
Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
