Europe’s metals & mining industry saw a drop of 8.6% in overall deal activity during Q3 2020, when compared to the four-quarter average, according to GlobalData’s deals database.
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A total of 32 deals worth $1.28bn were announced for the region during Q3 2020, against the last four-quarter average of 35 deals.
Of all the deal types, M&A saw most activity in Q3 2020 with 28, representing an 87.5% share for the region.
In second place was private equity with three deals, followed by venture financing deals with one transactions, respectively capturing a 9.4% and 3.1% 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 $1.27bn, while private equity and venture financing deals totalled $8.62m and $1.02m, respectively.
Europe metals & mining industry deals in Q3 2020: Top deals
The top five metals & mining deals accounted for 81.8% of the overall value during Q3 2020.
The combined value of the top five metals & mining deals stood at $1.04bn, against the overall value of $1.28bn recorded for the quarter.
The top five metals & mining industry deals of Q3 2020 tracked by GlobalData were:
1) Fortiana’s $569.56m acquisition of Highland Gold Mining
2) The $163.83m acquisition of Grupo Gallardo Balboa S.L by Grupo Industrial CL
3) JSC Polyus Krasnoyarsk’s $128.2m acquisition of SL Gold Limited Liability
4) The $105.06m acquisition of Verkhnekamsk Potash by VTB Group
5) Liberty Galati’s asset transaction with Ascoval and Hayange for $76.96m.
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.