Tag archives: Energy

Parties to M&A must be diligent about climate change

Climate change has become a high profile issue that is expected to have significant implications for M&A transactions going forward. As public awareness and scientific understanding of climate change continues to evolve, we are more informed about the climate change-related risks that businesses must grapple with and get ahead of. As a result, businesses need … Continue reading

Q1 2018 review: record deal values for the power and utilities sector

By Troy Ungerman (Toronto) on July 25, 2018 Posted in Energy, Infrastructure, mining and commodities

A recent report by Ernst & Young (the Report) has concluded that the power and utilities (P&U) is thriving, as global deal value in the first quarter of 2018 reached an all-time high of US$97 billion. This rise has predominately been driven by mega-deals, with only 15 deals forming 90% of the total global deal value in the … Continue reading

Private equity and Canadian partnerships: tax considerations

By Andrew Lim (Calgary) on June 7, 2018 Posted in Finance, Real estate

Canada continues to be an attractive market for private equity (“PE“) investors with recent transactions highlighting significant investments into Canadian real estate and energy infrastructure assets. Partnerships (particularly, limited partnerships) continue to be a popular PE vehicle, providing a means of pooling and aggregating investment funds and allowing for income or losses to be “flowed-through” … Continue reading

Canadian M&A activity at 10-year high due to oil-sands sell-off

By Sean Williamson (Toronto) on July 19, 2017 Posted in Energy, M&A

The value of Canadian M&A activity in the first half of 2017 was the highest in a decade, according to a recent report from Bloomberg. The approximately $132 billion in total transaction value is the highest since the first half of 2007, when approximately $156.6 billion in transactions were completed. According to the report, one … Continue reading

Trend report: increased M&A deal values across the Americas for Q1 2017

By Troy Ungerman (Toronto) on May 3, 2017 Posted in Energy, Infrastructure, mining and commodities, M&A

On April 25, Mergermarket released its Q1 2017 Regional Flash Reports describing the M&A climate, trends and developments throughout the Americas during the first quarter of 2017. The Canada’s Trend Report indicates that Canadian M&A has remained strong with 111 deals in Q1 2017 worth US$ 35.8bn. This is a robust start for 2017 as … Continue reading

Power and utilities: ongoing attraction for investors

By Jenny Yoo on January 26, 2017 Posted in Energy, Governance and directors' liability, M&A

EY’s review of Q3 2016 deal activity within the power and utilities (P&U) sector shows ongoing stability to be expected into 2017. Highlights from the quarter include ongoing premiums on prices for regulated assets, increased investment in renewables and diversification into disruptive technologies. Regulated network assets (i.e., transmission and distribution assets) are described as “safe … Continue reading

M&A trends for 2017: Canada a likely target

By Noah Schein (Toronto) on January 24, 2017 Posted in Energy, M&A

According to a year-end report on M&A Trends published by Deloitte, corporate and private equity executives surveyed in the last quarter of 2016 anticipated significant M&A activity in 2017. Indeed, three quarters of survey respondents expect deal activity to increase in 2017 relative to 2016, and almost 65% expect deal size to increase. Aside from … Continue reading

A global overview of M&A activity: August 2016

By Troy Ungerman (Toronto) on October 18, 2016 Posted in Energy, Infrastructure, mining and commodities, M&A, Pharmaceuticals and life sciences, Technology and innovation

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

Global M&A continues decline through May 2016

By Troy Ungerman (Toronto) on July 19, 2016 Posted in M&A

According to MergerMarket’s Monthly M&A Insider Report, global M&A activity continued to wane throughout May 2016, maintaining the trend reported on earlier this year. May 2016 resulted in a total of 1,054 deals worth an aggregate of US$224.5 billion, down from the 1,410 deals valued at US$372.5 billion in May 2015. Energy, Mining & Utilities, … Continue reading

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

By Ahmed Shehata on March 3, 2016 Posted in Corporate finance, Energy, Infrastructure, mining and commodities, Pharmaceuticals and life sciences, Uncategorized

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

M&A activity is booming in Asia’s renewable energy market

By Troy Ungerman (Toronto) on October 21, 2015 Posted in Corporate finance, Energy

The first half of the decade has seen a swift rise in green-house gas (GHG) emissions in Asia. Consequently, China is now the world’s largest emitter of carbon dioxide from the consumption of energy, accounting for over 25% of global emissions. This rapid intensification has also created an active and robust renewable energy market in … Continue reading

Thomson Reuters reports healthy global M&A through Q3 2015

By Matthew Bernardo (Toronto) on October 20, 2015 Posted in Corporate finance, Energy, Pharmaceuticals and life sciences, Technology and innovation

In its Global M&A Review, for the first nine months of 2015, Thomson Reuters reports healthy global M&A activity leading into the final quarter of fiscal 2015. The study reports increases in both deal value and deal volume across most jurisdictions and industry sectors. Global increase in both deal volume and deal value Thomson Reuters … Continue reading

Global M&A in the first half of 2015

By Troy Ungerman (Toronto) on August 4, 2015 Posted in Corporate finance, Energy, Financial institutions, Infrastructure, mining and commodities, Real estate

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 midyear M&A check-in

By Anton Tchajkov on July 16, 2015 Posted in Corporate finance, Energy, Infrastructure, mining and commodities

Now that we have entered the second half of 2015, it’s helpful to take a look at M&A numbers from the first half of the year and predictions for what lies ahead. A report recently published by MergerMarket provides a number of key data points and dealmaker survey results that may be a barometer for … Continue reading

OPEC’s decision to maintain oil production and its impact on M&A activities

By Laura Nourse on June 11, 2015 Posted in Corporate finance, Energy

As was expected, the Organization of Petroleum Exporting Countries (OPEC) announced on June 5 that it will maintain its crude oil production at 30 million barrels per day. This is the second time in six months that OPEC has decided to maintain it crude oil production. This decision was made in light of declining oil … Continue reading

A mixed bag for global M&A activity in April 2015

By Troy Ungerman (Toronto) on May 28, 2015 Posted in Corporate finance, Energy, Real estate, Technology and innovation

Mergermarket published its M&A Monthly Insider for May of 2015 earlier this week, summarizing M&A activity around the world, and particularly in the regions of North America, Central and South America, Europe, Middle East and Africa, Asia-Pacific, and Japan. To date in North America, there have been 1,516 deals worth US $407.2 billion. April 2015 … Continue reading

Emerging opportunities in energy M&A

By Daniel Pearlman on May 27, 2015 Posted in Corporate finance, Energy

Duff & Phelps recently released their May 2015 Mergermarket Report entitled Energy: Turning Volatility Into Opportunity. In it, they address the elephant in the room – namely, the recent fluctuations in the oil and gas industry. Five executives from different industry sectors were interviewed about the effect of current economic conditions on their business. Although … Continue reading

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

By Troy Ungerman (Toronto) on May 14, 2015 Posted in Corporate finance, Energy, Infrastructure, mining and commodities

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

By Troy Ungerman (Toronto) on April 30, 2015 Posted in Corporate finance, Energy, Infrastructure, mining and commodities, Pharmaceuticals and life sciences, Technology and innovation

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

Corporate split-ups expected to rise

By Nikolai Kovtouchenko on April 14, 2015 Posted in Corporate finance, Energy, Technology and innovation

Mergermarket, in association with RR Donnelley, has recently released the March edition of its Venue Market Spotlight (VMS) publication, presenting an overview of a study conducted on market participants’ expectations for corporate breakups in the near term. Corporate breakups or demergers, usually carried out in Canada by means of a statutory plan of arrangement or … Continue reading

Bright future predicted for mid-market M&A

By Todd Melchior on February 12, 2015 Posted in Energy, Technology and innovation, Uncategorized

MergerMarket Group recently published a research report that presents the expectations of 50 industry experts based in the US and Canada on North American mid-market M&A activity. The report paints a promising picture for mid-market M&A opportunities over the next year buoyed by the increasing activity of private equity firms, cross-border deal flow along with ample … Continue reading

M&A trend summary: H2 2014

By Ahmed Shehata on February 10, 2015 Posted in Corporate finance, Energy, Infrastructure, mining and commodities, Technology and innovation

MergerMarket Group recently published its January edition of Monthly M&A Insider which reported on mergers and acquisitions activity around the world during the second half of 2014. Among other things, the report explains why 2014 was so hospitable to M&A activity, citing an improving economy, large cash reserves, low interest rates, and cheap financing as … Continue reading

M&A growth predictions for 2015

By Sara Josselyn (Toronto) on February 3, 2015 Posted in Corporate finance, Energy, Pharmaceuticals and life sciences, Technology and innovation

Forbes contributor, Michael Schwerdtfeger, recently commented that “2014’s dynamic merger & acquisition market is galloping right into 2015.” Citing various sources, he notes that 2014 was the strongest year for deal-making since at least 2008, with a 47% increase over last year. The overall value of deals in North America grew by nearly 55% due … Continue reading

Looking back on 2014: regional trends in global M&A

By Sara Josselyn (Toronto) on January 6, 2015 Posted in Corporate finance, Energy, Infrastructure, mining and commodities, Pharmaceuticals and life sciences, Technology and innovation

A look back on deal activity in 2014 undertaken by Mergermarket in its December 2014 Monthly M&A Insider reveals that North America dominated global deal value last year, hosting 48.1% of the value. Europe was next, with 27.3% of global deal value, but surpassed North America, dominating the global M&A scene in terms of deal … Continue reading