Topic: Infrastructure, mining and commodities

Subscribe to Infrastructure, mining and commodities RSS feed

The Canada Infrastructure Bank: big plans for big projects

Last month’s federal budget reaffirmed the government’s plans to establish a new Canada Infrastructure Bank (the Infrastructure Bank) and vest it with the responsibility of spending at least $35 billion in infrastructure over 11 years. The Infrastructure Bank is intended to pool public funds with private investments for infrastructure projects. Along the way, the Infrastructure … Continue reading

Canada punches above its weight-class in cross-border deals and works on attracting greenfield and other private investment

Over the past few months, the Canadian government has been working to establish a source of financing for several infrastructure projects across the country. These projects include public transit initiatives, green infrastructure, social infrastructure, and smaller tailored projects for our rural and northern communities. What makes this interesting is how Canada is sourcing the money. … Continue reading

Impact of parent-subsidiary liability and policy developments on M&A in the extractive sector

Until recently, Canadian parent companies in the extractive sector could be relatively confident that any risks created by the actions of their overseas subsidiaries would be reputational in nature. Between the doctrine of separate corporate personality and the tendency of Canadian courts to be unwilling to accept jurisdiction over tort claims based overseas, Canadian parent … Continue reading

M&A considerations for resource issuers: Canada’s Extractive Sector Transparency Measures Act

Canada’s Extractive Sector Transparency Measures Act (ESTMA, or the Act) came into force on June 1, 2015. The Act imposes disclosure obligations on certain Canadian businesses engaged in the commercial development of oil, gas or minerals with respect to payments made to domestic and foreign governmental bodies. As we previously noted, Canadian businesses subject to … Continue reading

A global overview of M&A activity: August 2016

MergerMarket Group recently published its September edition of Monthly M&A Insider which reported on mergers and acquisitions activity around the world for the month of August 2016. More than two thirds into the year, August was no exception to the recent rather sluggish growth in M&A activity, especially compared to the record-breaking year for M&A … Continue reading

An overview of global M&A activity: 2015 into 2016

2015 was an extraordinary year for global M&A activity. Mergermarket recorded almost 17,000 transactions worth a remarkable US$4.3tn. This topped the previous record set in 2014 by over 30%. The race for top performing sector this year was very close. Energy Mining & Utilities won with US$630bn in deal value; however, the top performers were … Continue reading

Update: Canadian M&A outlook

According to a recent report entitled “Brighter horizons: A bolder future for Canadian M&A”, Canadian M&A activity is expected to be strong in 2016. The report presents the results of a survey of 50 leading Canadian M&A professionals commissioned by Citi and conducted by Mergermarket. The study reveals that none of the respondents expect Canadian … Continue reading

Global M&A in the first half of 2015

Similarly to American M&A in the first half of 2015, the first half of 2015 was remarkably active on the global mergers and acquisitions front. According to a recent Mergermarket report, total deal value topped US$1.7 trillion. This represents an increase of 15.2% over the first six months of 2014, and only 15.4% behind the record-setting … Continue reading

Canadian private equity market continuing to grow in the first half of 2015

A recent Thomson Reuters report indicates the Canadian buyout-private equity market had a record first half of the year in terms of deal volume. With at least two deals valued at over $1 billion, the value of buyout-private equity deals in the first half of 2015 was also the most since 2007, up 69% over … Continue reading

M&A in Canada: industry revenue and profits

Expanding growth in nearly all sectors Norton Rose Fulbright focuses its services on 6 key industry sectors and, according to a study released recently by the Globe and Mail on Canadian corporations, almost all of these sectors have seen an expansion in revenue and most have seen growth in profits during the period from 2011 to … Continue reading

Statistics Canada announcement fuels interest rate speculation

Statistics Canada’s June 30, 2015 announcement regarding the nation’s economic results for the month of April, measured in terms of national Gross Domestic Product, has many bankers and financial institutions predicting another Bank of Canada interest rate cut sometime during 2015. Although real GDP fell by only 0.1% in April, the decrease marks a fourth … Continue reading

Mid-market deals dominate in Canadian M&A in Q1 2015

Crosbie & Company’s quarterly Canadian M&A Report has indicated an overall decline in activity for the first quarter of 2015, with total deal volume down 7% and total value down 46% from the previous quarter. Deal size Accounting for the decrease in deal value is the fact that the majority of transactions this quarter took place … Continue reading

Cross-border and private equity activity in Q2 2015

As we move towards the end of the second quarter of 2015, many have wondered whether this year will be able to live up to the bumper year of 2014 in terms of cross-border private equity activity. Despite volatile commodity prices and an unsteady European market, a recent survey conducted by integrated communications firm RR Donnelley revealed … Continue reading

M&A in Canada’s clean tech and energy innovation sector

The decrease in the price of oil and resulting available capital may create a surge of investment in cleantech, renewable energy and electricity in Ontario, and Queen’s Park appears to be doing all that it can to aid this East-bound capital flight. The Liberal government’s much publicized plan to liberalize the electricity sector and privatize … Continue reading

M&A in Q1 2015: the results are in

The Mergermarket Group has published its Monthly M&A Insider – April 2015 report outlining trends and developments in M&A activity worldwide for the first quarter of 2015. In North America, M&A activity continued on the upward trend set in 2014. The first quarter saw 1,116 deals valued at US $338.8 billion, which was a 11% … Continue reading

Oilpatch volatility may generate deal-making opportunities

According to some commentators, ongoing volatility in oil prices may result in increased M&A activity in the Canadian oilpatch. As recently reported in the Financial Post, John Chambers, CEO of Calgary-based investment boutique FirstEnergy Capital Corp., believes a revaluation of assets in the oil and gas sector may attract cross-border M&A activity from oil majors … Continue reading

Copper boosts fourth quarter mining M&A activity

Although the mining industry’s struggles continue to persist, Canada maintained its dominant role in mining M&A activity in Q4 2014. According to a recent KPMG Mining M&A Quarterly Newsletter, the number of mining transactions in Q4 2014 matched that of Q3 2014; however, deal value rose by 61%, due largely to a single copper transaction … Continue reading
LexBlog