Asia-Pacific’s metals & mining industry saw a drop of 44.44% in deal activity during February 2021, when compared with the last 12-month average, led by PT Tanito Harum Nickel’s $68.6m acquisition of PT Infei Metal Industry, according to GlobalData’s deals database.
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A total of 25 metals & mining industry deals worth $175.44m were announced for the region in February 2021, against the 12-month average of 45 deals.
Of all the deal types, M&A saw most activity in February 2021 with 24 transactions, representing a 96% share for the region.
In second place was private equity with one deal capturing a 4% 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 $152.15m, followed by private equity deals totalled $23.28m.
Asia-Pacific metals & mining industry deals in February 2021: Top deals
The top five metals & mining deals accounted for 92% of the overall value during February 2021.
The combined value of the top five metals & mining deals stood at $161.33m, against the overall value of $175.44m recorded for the month.
The top five metals & mining industry deals of February 2021 tracked by GlobalData were:
1) PT Tanito Harum Nickel’s $68.6m acquisition of PT Infei Metal Industry
2) The $46.09m acquisition deal with Paterson Copper by Cyprium Metals
3) Allan Gray Australia and Orbis Investment Management’s $23.28m private equity deal with Newcrest Mining
4) The $15.94m acquisition of Beijing Shengtun Tianyu Asset Management by Shengtun Mining
5) Shandong Gold Mining (Laizhou)’s acquisition of Laizhou Zhangjian Investment for $7.43m.
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.