Energy, Metals & Mining Q2 2017 Transaction Activity Newsletter
Oil & Gas
There were 200 transactions in the North American Oil & Gas sector in Q2 2017, including 80 mergers & acquisitions, 82 private placements, and 38 public offerings, with a total value of C$53.4 billion. Total number of deal decreased by 4.76% over Q2 2016 and transaction value increased by 18.5%.
Some of the most significant transactions in the Oil & Gas sector included:
On June 19 EQT Corporation announced the acquisition of Rice Energy Inc. valued at C$8.39 billion at an TEV/NTM EBITDA (Total Enterprise Value/Next Twelve Months EBITDA) of 9.4x.
On April 13 Hilcorp Energy Company LLC and Carlyle Group LP entered into an agreement to acquire San Juan oil and gas assets from ConocoPhillips valued at C$3 billion. The assets are expected to produce 115,000 barrels of oil equivalent per day.
Metals & Mining
There were 486 transactions in the North American Metals & Mining sector in Q2 2017, including 98 mergers & acquisitions, 38 public offerings, and 350 private placements, with a total value of C$12.3 billion. Total deal volume decreased by 27.35% over Q2 2016 and transaction value increased by 1.13%.
Some of the most significant transactions in the Mining & Metals sector included:
On June 5 Osisko Gold Royalties Ltd. Announced the acquisition of Orion Mine Finance Group’s royalty portfolio for C$1.1 billion.
On April 27 American Industrial Partner Capital Fund L.P. and American Industrial Partners entered into an agreement to acquire Canam Group Inc. valued at C$0.85 billion at a TEV/NTM EBITA of 10.7x.