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  1. Deals Analysis
May 6, 2021

Europe’s metals & mining industry saw a rise of 18.92% in cross border deal activity in Q1 2021

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.

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.

Related Companies

Verdict deals analysis methodology

This analysis considers only announced and completed cross border 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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