Asia-Pacific’s metals & mining industry cross border deal activity in Q1 2021
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Asia-Pacific’s metals & mining industry saw a rise of 2.65% in cross border deal activity in Q1 2021

05 May 2021 (Last Updated May 5th, 2021 17:47)

Led by $808.93m acquisition of Vedanta, Asia-Pacific’s metals & mining industry saw a rise of 2.65% in cross border 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 29 cross border deals worth $1.01bn were announced for the region during Q1 2021, against the last four-quarter average of 28.25 deals.

Of all the deal types, M&A saw most activity in Q1 2021 with 28 deals, representing a 96.6% share for the region.

In second place was private equity with one deal capturing a 3.5% share of the overall cross border deal activity for the quarter.

In terms of value of cross border deals, M&A was the leading category in Asia-Pacific’s metals & mining industry with $982.98m, followed by private equity deals totalled $23.28m.

Asia-Pacific metals & mining industry cross border deals in Q1 2021: Top deals

The top five metals & mining cross border deals accounted for a 96.9% share of the overall value during Q1 2021.

The combined value of the top five cross border deals stood at $975.01m, against the overall value of $1.01bn recorded for the quarter.

The top five metals & mining industry cross border 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 $76m asset transaction with Government of Henan ProvInce by Henan Found Mining

3) Ascend Global Investment Fund’s $50m acquisition of PT Golden Energy Mines

4) The $23.28m private equity deal with Newcrest Mining by Allan Gray Australia and Orbis Investment Management

5) Lansen Investments (Hong Kong)’s acquisition of FALCONTECH for $16.8m.

Verdict deals analysis methodology

This analysis considers only announced and completed cross border 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.