Australia’s metals & mining industry sees a flat growth in deal activity in October 2020

26 November 2020 (Last Updated November 26th, 2020 14:41)

Australia’s metals & mining industry sees a flat growth in deal activity in October 2020

Australia’s metals & mining industry saw a flat growth in overall deal activity during October 2020, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 26 deals worth $5.87bn were announced in October 2020, compared to the 12-month average of 26 deals.

M&A was the leading category in the month in terms of volume with 23 deals which accounted for 88.5% of all deals.

In second place was private equity with three deals accounting for 11.5% of overall deal activity in the country’s metals & mining industry during the month.

In terms of value of deals, M&A was the leading deal category in Australia’s metals & mining industry with total deals worth $4.33bn, followed by private equity deals totalled $1.54bn.

Australia metals & mining industry deals in October 2020: Top deals

The top five metals & mining industry deals accounted for 99.5% of the overall value during October 2020.

The combined value of the top five metals & mining deals stood at $5.83bn, against the overall value of $5.87bn recorded for the month.

The top five metals & mining industry deals of October 2020 tracked by GlobalData were:

1) Northern Star Resources’ $4.11bn acquisition of Saracen Mineral Holdings

2) The $1.52bn private equity deal with Thiess by Elliott Advisors (UK)

3) Pilbara Minerals’ $175m acquisition of Altura Lithium Operations

4) The $14.43m private equity deal with Macarthur Minerals by L1 Capital Global Opportunities Master Fund

5) Dubai 2020’s asset transaction with Panoramic Resources for $8.66m.

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.

 

Visit our ‘Mining Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the mining industry.