Led by $808.93m acquisition of Vedanta, Asia-Pacific’s metals & mining industry saw a drop of 20.15% in deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.
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A total of 105 deals worth $1.89bn were announced for the region during Q1 2021, against the last four-quarter average of 131.50 deals.
Of all the deal types, M&A saw most activity in Q1 2021 with 102 deals, representing a 97.1% share for the region.
In second place was private equity with two deals, followed by venture financing deals with one transactions, respectively capturing a 1.9% and 1% share of the overall deal activity for the quarter.
In terms of value of deals, M&A was the leading category in Asia-Pacific’s metals & mining industry with $1.87bn, while private equity and venture financing deals totalled $23.28m and $0.59m, respectively.
Asia-Pacific metals & mining industry deals in Q1 2021: Top deals
The top five metals & mining deals accounted for a 66.9% share of the overall value during Q1 2021.
The combined value of the top five deals stood at $1.27bn, against the overall value of $1.89bn recorded for the quarter.
The top five metals & mining industry deals of Q1 2021 tracked by GlobalData were:
1) Twin Star Holdings, Vedanta Holdings Mauritius, Vedanta Holdings Mauritius II and Vedanta Resources’ $808.93m acquisition of Vedanta
2) The $125.76m asset transaction with Suancigou Mining, Yitai Baoshan Coal and Yitai Dadi Coal by Xuzhou Zhongtai Energy Technology
3) Anhui Sierte Fertilizer Industry’s $116.86m acquisition of Guizhou Lufa Industrial
4) The $115.65m asset transaction deal with Welspun by JSW Steel
5) Shanxi Meijin Energy’s acquisition of Shanxi Meijin Group Jinhui Coal Industry for $100.5m.
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Verdict deals analysis methodology
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.