KPS Capital Partners’ $1.66bn private equity deal with Norsk Hydro was the metals & mining industry’s biggest cross border deal of Q1 2021 as cross border deals worth $4.64bn were announced globally in the quarter, according to GlobalData’s deals database.
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The value marked a decrease of 56.2% over the previous quarter and a drop of 22.4% when compared with the last four-quarter average of $5.98bn.
In terms of number of cross border deals, the sector saw a rise of 5.35% with 128 deals in Q1 2021 against the average of 121.50 deals in the last four-quarters.
In value terms, North America led the activity with cross border deals worth $1.92bn.
metals & mining industry cross border deals in Q1 2021: Top deals
The top five metals & mining industry cross border deals accounted for 72.7% of the overall value during Q1 2021.
The combined value of the top five cross border deals stood at $3.38bn, against the overall value of $4.64bn 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 deals with Norsk Hydro
2) The $808.93m acquisition of Vedanta by Twin Star Holdings, Vedanta Holdings Mauritius, Vedanta Holdings Mauritius II and Vedanta Resources
3) Newmont’s $311m acquisition of GT Gold
4) The $307m asset transaction with Barrick Gold by OZD Asia
5) Wheaton Precious Metals International’s asset transaction with Capstone Mining for $290m.