Europe’s metals & mining industry sees a rise of 28.1% in deal activity in Q4 2019

21 February 2020 (Last Updated February 25th, 2020 07:41)

Europe’s metals & mining industry sees a rise of 28.1% in deal activity in Q4 2019

Europe’s metals & mining industry saw a rise of 28.1% in overall deal activity during Q4 2019, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 41 deals worth $2.56bn were announced for the region during Q4 2019, against the last four-quarter average of 32 deals.

Of all the deal types, M&A saw most activity in Q4 2019 with 38, representing a 92.7% share for the region.

In second place was private equity with three deals, followed by deals with transactions, respectively capturing a 7.3% and % 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 $2.55bn, while private equity deals totalled $9.8m.

Europe metals & mining industry deals in Q4 2019: Top deals

The top five metals & mining deals accounted for 93% of the overall value during Q4 2019.

The combined value of the top five metals & mining deals stood at $2.38bn, against the overall value of $2.56bn recorded for the quarter.

The top five metals & mining industry deals of Q4 2019 tracked by GlobalData were:

1) Jiangxi Copper (Hong Kong) InvestmentLimited’s $1.12bn acquisition of PIM Cupric

2) The $589.24m acquisition of VDM Metals by Acerinox

3) Zijin (Europe) International MiningLimited’s $390m acquisition of CuAu International Holdings (BVI)

4) The $239.84m acquisition of Impexmetal by Granges

5) Marcegaglia’s acquisition of EVRAZ Palini e Bertoli for $44.39m.

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.