LATIN AMERICA STATISTICAL REVIEW Chart H: Oil & Gas M&A (volume)
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0 5
2005 2006 2007 2008 2009 2010 2011 2012
Chart J: Mining, Oil & Gas, Metal & Steel and Utility & Energy M&A 2012 by acquiror nationality
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50 0
Africa
Australasia Caribbean Europe
India Subcontinent Japan
Latin America Middle East North America South East Asia
2005 2006 2007 2008 2009 2010 2011 2012
worth $45 million. The blunt fact is that the hydroelectric power, nu- clear power, waste management and water supply sectors have been consistently inactive since 2005.
Mexico These are busy times for Mexico. In 2012, 50 transactions totaled $1.95 billion. The mining sector recorded a seven-year high, with 38 transactions worth a total of $1.58 billion. In 2011, the sector saw 63 deals valued at $86 million. Oil and gas exploration and development raked in $250 million
from one transaction. This was the most activity the sector has seen since 2006. Electric power dipped to three transactions with no mon- etary value in 2012, from $88 million from four transactions. This sec- tor recorded $2.06 billion from four transactions in 2007 and has been slipping since. Gas brought in $82 million from a transaction in 2012, up from $17 million the year before.
Peru The M&A market was consistently busy in 2012. More than 62 deals totaling $1,493 were closed in 2012. Of all sectors, mining recorded the most activity, closing 42 deals worth $602 million. Over the same period in 2011, mining brought in $863 million with 45 deals. Electric power and diversified oil and gas were also busy last year –
with seven deals totaling $348 million and six deals worth $522 mil- lion, respectively. The Peruvian market peaked in 2010 with 59 deals worth $4.79 billion. Last year, 53 transactions took place and they were worth $878 million. Over the course of the last seven years, mining has been the driving force in the industry and brought in $4.65 billion from 45 transactions.
Venezuela After climbing in 2010, the market stumbled in 2012 with nine trans- actions totaling $751 million. This came from three transactions in- volving oil and gas exploration and development. The utility and energy sector was consistently quiet in 2012. Five transactions took place in the diversified oil and gas industry, but no monetary value is attached to the transactions. In 2011, the market had eight transactions
6 ENERGY & INFRASTRUCTURE | LATIN AMERICA 2013
Argentina Brazil
Colombia Mexico Venezuela Others
Chart I: Oil & Gas M&A (value)
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0 2005 2006 2007 2008 2009 2010 2011 2012
Chart K: M&A Mining, Oil & Gas, Metal & Steel and Utility by acquiror origin
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0 2005 2006 2007 2008 2009 2010 2011 2012
totaling $1.15 billion and 12 transactions worth $1.62 billion in 2010. The market peaked in 2007 with 17 transactions valued at $3.86 bil- lion.
Others It was a relatively quiet 2012 in Belize, a year that essentially mirrored 2011. The country’s oil and gas and mining industries only had one deal in 2012, compared to three in 2011. In Bolivia the general mining industry was the most active in 2012,
closing five deals worth $19 million. In 2008, the mining, oil and gas, metal and steel, and utility and energy targeted M&A recorded its most activity with $477 million and six deals. Since then, the industries plummeted, bringing in only $13 million in 2009 and $6 million in 2010. 2011 was quiet and none of the industries experienced any ac- tivity. After a quiet 2010 and 2011, the Ecuadorian market recorded six
deals totaling $40 million. General mining saw the most activity, with two deals worth $28 million. For the first time in seven years, the elec- tric power sector saw some activity. In 2012, three transactions were closed worth $12 million. In Guyana the general mining sector was responsible for the $2 mil-
lion in deals and six of the seven transactions in the industry in 2012. The activity was down compared to the year before when the sector brought in $8 million from eight deals. The market has stalled since 2007 when six transactions totaled $76 million. The Paraguayan M&A market saw little activity in 2012, three
transactions were recorded, although no monetary value is available for them. This trend started in 2008, after two deals totaled $4 million in 2007 and three deals totaled $8 million in 2006. Mining has been re- sponsible for much of the activity in the industry. In contrast the Uruguayan M&A market has fluctuated considerably over the last seven years. In 2008, activity peaked with three transactions totaling $154.4 million, while in 2012 the market had only two transactions worth $7.5 million. There was one gas transaction that totaled $8 mil- lion in 2012. Mining was the only sector that recorded any activity in 2011 with two transactions worth $1.19 million.
Africa
Australasia Caribbean Europe
India Subcontinent Japan
Latin America Middle East North America South East Asia
Argentina Brazil
Colombia Mexico Venezuela Others
no. of deals
no. of deals
no. of deals
no. of deals
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