In the Canadian oil & gas industry, there were 28 M&A deals announced in Q1 2023, worth a total value of $2.2bn, according to GlobalData’s Deals Database. The $1.2bn acquisition of spartan delta by crescent point energy was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes, the M&A activity and most notable deals are included in GlobalData’s Oil and Gas Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.
In value terms, M&A activity in Canada decreased by 0% in Q1 2023 compared with the previous quarter’s total of $2.2bn and fell by 20% as compared to Q1 2022. Related deal volume decreased by 22% in Q1 2023 versus the previous quarter and was 24% lower than in Q1 2022.
The top-ranked financial advisors supporting these M&A deals in Canada in Q1 2023 were National Bank of Canada; Bank of Montreal; Echelon Capital Markets with 4, 3, 3 deals respectively.
The top-ranked legal advisorss supporting these M&A deals in Canada Q1 2023 were McDougall Gauley; Stikeman Elliott; Dentons UK and Middle East with 2, 2, 1 deals respectively.
For further understanding of GlobalData's Oil and Gas Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.
