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  1. Deals Analysis
May 5, 2021

Europe’s metals & mining industry saw a drop of 7.25% in deal activity in Q1 2021

Led by $1.66bn private equity deal with Norsk Hydro, Europe’s metals & mining industry saw a drop of 7.25% in 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 32 deals worth $2.28bn were announced for the region during Q1 2021, against the last four-quarter average of 34.50 deals.

Of all the deal types, M&A saw most activity in Q1 2021 with 29 deals, representing a 90.6% share for the region.

In second place was private equity with three deals capturing a 9.4% share of the overall deal activity for the quarter.

In terms of value of deals, private equity was the leading category in Europe’s metals & mining industry with $1.69bn, followed by M&A deals totalled $586.23m.

Europe metals & mining industry deals in Q1 2021: Top deals

The top five metals & mining deals accounted for a 95.7% share of the overall value during Q1 2021.

The combined value of the top five deals stood at $2.18bn, against the overall value of $2.28bn recorded for the quarter.

The top five metals & mining industry deals of Q1 2021 tracked by GlobalData were:

1) KPS Capital Partners’ $1.66bn private equity deal with Norsk Hydro

2) The $340m acquisition of Kumas Manyezit Sanayi by Eregli Demir ve Celik Fabrikalari TAS

3) Horvik’s $85.19m acquisition of Trans-Siberian Gold

4) The $63.36m asset transaction deal with Endeavour Mining by Allied Gold

5) GEM Global YieldSCS’s private equity with J.O Steel Holdings for $30.54m.

Related Companies

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.

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