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.
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.