Deal volume in Q1 2019 saw a decrease from Q4 2018, despite total deal value rising quarter-over-quarter, primarily due to an announced $9.9 billion merger in the gold mining sector. The year also saw a slower start for deals in the Metals sector compared to Q1 2018 as both deal volume and value were lower in Q1 2019. Beyond the gold mining deal, transactions were strong in the aluminum space with an 85% volume increase over prior quarter. While the market uncertainty and slowdown of 2018 continued into the first quarter of 2019, ample levels of capital available to corporate and private equity buyers could lead to increased deal volume over the remainder of the year.
“The ongoing trade negotiations, political uncertainty, and escalating tariffs that likely hindered deal volume in 2018 seem to have carried into the start of 2019.”
Metals Deals Leader, PwC US
US TAS Market Leader, Midwest Market, PwC US
Global Metals Leader, PwC US