Europe’s metals & mining industry sees a drop of 20.6% in deal activity in Q1 2020

24 April 2020 (Last Updated April 24th, 2020 15:36)

Europe’s metals & mining industry sees a drop of 20.6% in deal activity in Q1 2020

Europe’s metals & mining industry saw a drop of 20.6% in overall deal activity during Q1 2020, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 27 deals worth $159.99m were announced for the region during Q1 2020, against the last four-quarter average of 34 deals.

Of all the deal types, M&A saw most activity in Q1 2020 with 24, representing an 88.9% share for the region.

In second place was private equity with two deals, followed by venture financing deals with one transactions, respectively capturing a 7.4% and 3.7% share of the overall deal activity for the quarter.

In terms of value of deals, M&A was the leading category in Europe’s metals & mining industry with $153.29m, followed by private equity deals totalled $6.7m.

Europe metals & mining industry deals in Q1 2020: Top deals

The top five metals & mining deals accounted for 93.2% of the overall value during Q1 2020.

The combined value of the top five metals & mining deals stood at $149.16m, against the overall value of $159.99m recorded for the quarter.

The top five metals & mining industry deals of Q1 2020 tracked by GlobalData were:

1) TVEL Fuel’s $100m acquisition of Uranium Enrichment Center(UEC)

2) The $20m acquisition of ThreeArc Mining by Polymetal International

3) Severstal’s $18.83m acquisition of Sintez-CIP and Sintez PP

4) The $6.7m private equity deal with Barruecopardo Joint Venture by Oaktree Capital Management

5) Mount Ridley Mines’ acquisition of Longland Resources for $3.63m.

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.