Tag archives: Energy

More and bigger: Global and North American M&A market update

The 2014 trend of high value deals continues, according to a recently released Mergermarket Monthly M&A Insider report on global M&A activity. Through the month of October, the aggregate value of deals worldwide for the year has surpassed the last year’s total. Volume, on the other hand, still has some way to go before matching 2013 totals.

Geographically speaking, Europe saw the highest volume of transactions year-to-date, by a very small margin over North America (35.5% of global volume vs. 35.4%, respectively), but European deal values were comparatively lower, with European deals accounting for 22.6% of global deal value, while … Continue Reading

The effect of government privatization on global M&A

RR Donnelly released the August edition of its Venue Market Spotlight, entitled Government Privatizations and M&A. In the report, a high-level summary of a survey of experts, RR Donnelly speaks to the effect that government asset sales and other forms of privatization are having on global M&A activity. The report forecasts that government privatization will become a key driver in the next 12 months and beyond.

This post will survey a number of aspects of this burgeoning phenomenon as summarised in the RR Donnelly report.

Growth, generally and by sector

Not surprisingly, 86% of respondents project a rise in … Continue Reading

Canadian Energy M&A on the rise

A recent report released by Deloitte announces that the number of Canadian deals in the energy sector has risen by 15% in the first half of 2014, compared with the same period in 2013.

The Deloitte Oil & Gas Mergers and Acquisitions Midyear 2014 Report offers an optimistic outlook for sector’s global deal activity, with Canada well positioned to benefit from the upswing.

Canada is at the centre of global deal activity

The global deal value in the energy sector has risen by 38%, to $141 billion this year, with Canada and the United States at centre of the activity, … Continue Reading

Resurgence of M&A activity in the energy sector

On Monday, Whitecap Resources (TSX:WCP) announced that it had agreed to buy a number of oil and gas properties from Imperial Oil Ltd. (TSX:IMO) for $855 million.  This transaction comes on the heels of renewed M&A activity in the energy sector. According to the Globe and Mail, this deal “pushes the industry’s tally for merger and acquisition activity for the quarter to $7-billion, nearly 10 times the total for the first three months of 2013”.

There are a number of reasons for this turnaround, including a rebound in Canadian energy prices. This is in part due to the fact … Continue Reading

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