Asia-Pacific’s metals & mining industry saw a drop of 26.09% in deal activity during March 2021, when compared with the last 12-month average, led by JSW Steel’s $115.65m acquisition of Welspun, according to GlobalData’s deals database.
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A total of 34 metals & mining industry deals worth $238.35m were announced for the region in March 2021, against the 12-month average of 46 deals.
Of all the deal types, M&A saw most activity in March 2021 with 33 transactions, representing a 97.1% share for the region.
In second place was private equity with one deal capturing a 2.9% share of the overall deal activity for the month.
In terms of value of deals, M&A was the leading category in Asia-Pacific’s metals & mining industry with $238.35m.
Asia-Pacific metals & mining industry deals in March 2021: Top deals
The top five metals & mining deals accounted for 84.5% of the overall value during March 2021.
The combined value of the top five metals & mining deals stood at $201.29m, against the overall value of $238.35m recorded for the month.
The top five metals & mining industry deals of March 2021 tracked by GlobalData were:
1) JSW Steel’s $115.65m asset transaction with Welspun
2) The $50m acquisition deal with PT Golden Energy Mines by Ascend Global Investment Fund
4) The $13.31m asset transaction with Great Northern Palladium by Red Emperor Resources