Deals
Deal activity by value related to cloud technology remains unchanged year-on-year in 2022
Credit: Bert van Dijk/Getty images.
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Analysis of the key themes driving deal activity reveals that cloud accounted for 74 mining deals between 2018 and 2022, worth a total value of $7,151m, according to GlobalData’s Deals database covering mergers and acquisitions, private equity, venture financing, equity offerings and partnerships. The $14m venture financing issue by Beijing Tage Zhixing Technology was the largest disclosed deal in 2022, while the $15m venture financing by Beijing Tage Zhixing Technology was the largest disclosed deal in 2021.
In value terms, cloud-related deal activity remained flat year-on-year in 2022, whereas it declined by 85% year-on-year in 2021.
Deal activity related to cloud in the global mining industry
Top deals related to cloud in the mining industry
Equity deals account for highest number of agreements
Equity offerings accounted for the highest number of deals in the last five years, with 44 deals, followed by acquisitions (9 deals) and asset transactions and venture financing (6 deals each).
Top financial advisors for cloud related deals by value
The top financial advisors supporting deals related to cloud in the mining industry in the last five years in terms of value were Barclays Wealth Management, Canadian Imperial Bank of Commerce, M. Klein and Company and Morgan Stanley.
Top legal advisors for cloud related deals by value
The top legal advisor supporting deals related to cloud in the mining industry in the last five years in terms of value was Norton Rose Fulbright, followed by Borden Ladner Gervais and Carey Olsen.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals database provides comprehensive coverage across industries tracking market activity of global mergers & acquisitions, including asset acquisitions/divestments; private equity deals (PE); venture finance deals (VC); equity offerings, including IPOs, follow-on offerings, and private placements; debt offerings, including private placements, ESG bonds and loans; partnerships; and licensing agreements.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumored deals.
