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.