Led by $1.66bn private equity deal with Norsk Hydro, Europe’s metals & mining industry saw a rise of 18.92% in cross border 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 22 cross border deals worth $1.92bn were announced for the region during Q1 2021, against the last four-quarter average of 18.50 deals.
Of all the deal types, M&A saw most activity in Q1 2021 with 19 deals, representing an 86.4% share for the region.
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In second place was private equity with three deals capturing a 13.6% share of the overall cross border deal activity for the quarter.
In terms of value of cross border deals, private equity was the leading category in Europe’s metals & mining industry with $1.69bn, followed by M&A deals totalled $229.02m.
Europe metals & mining industry cross border deals in Q1 2021: Top deals
The top five metals & mining cross border deals accounted for a 97.4% share of the overall value during Q1 2021.
The combined value of the top five cross border deals stood at $1.87bn, against the overall value of $1.92bn recorded for the quarter.
The top five metals & mining industry cross border deals of Q1 2021 tracked by GlobalData were:
1) KPS Capital Partners’ $1.66bn private equity deal with Norsk Hydro
2) The $85.19m acquisition of Trans-Siberian Gold by Horvik
3) Allied Gold’s $63.36m asset transaction with Endeavour Mining
4) The $30.54m private equity deal with J.O Steel Holdings by GEM Global YieldSCS
5) Jiangxi Ganfeng Lithium’s acquisition of Sonora Lithium for $29.73m.