Total metals & mining industry cross border deals worth $2.8bn were announced globally for March 2021, with the $1.66bn private equity deal with Norsk Hydro being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 302.1% over the previous month of $696.41m and a rise of 48.9% when compared with the last 12-month average of $1.88bn.
In terms of number of cross border deals, the sector saw a rise of 4.76% with 44 deals in March 2021 when compared to the last 12-month average of 42 deals.
In value terms, Europe led the activity with cross border deals worth $1.78bn in March 2021.
Metals & Mining industry cross border deals in March 2021: Top deals
The top five cross border deals accounted for 93.5% of the overall value during March 2021.
The combined value of the top five cross border deals stood at $2.62bn, against the overall value of $2.8bn recorded for the month.
The top five metals & mining industry cross border deals of March 2021 tracked by GlobalData were:
1) KPS Capital Partners’ $1.66bn private equity deal with Norsk Hydro
2) The $311m acquisition of GT Gold by Newmont
3) Wheaton Precious Metals International’s $290m asset transaction with Capstone Mining
4) The $274.4m acquisition deal of Battle North Gold by Evolution Mining
5) Horvik’s acquisition deal with Trans-Siberian Gold for $85.19m.