KPS Capital Partners’ $1.66bn acquisition deal with Norsk Hydro was the metals & mining industry’s biggest deal of Q1 2021 as deals worth $10.76bn were announced globally in the quarter, according to GlobalData’s deals database.
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The value marked a decrease of 54.3% over the previous quarter and a drop of 27.9% when compared with the last four-quarter average of $14.93bn.
In terms of number of deals, the sector saw a drop of 13.90% with 384 deals in Q1 2021 against the average of 446 deals in the last four-quarters.
In value terms, North America led the activity with deals worth $2.69bn.
metals & mining industry deals in Q1 2021: Top deals
The top five metals & mining industry deals accounted for 45.4% of the overall value during Q1 2021.
The combined value of the top five deals stood at $4.88bn, against the overall value of $10.76bn recorded for the quarter.
The top five metals & mining industry deals of Q1 2021 tracked by GlobalData were:
1) KPS Capital Partners’ $1.66bn acquisition deals with Norsk Hydro
2) The $1.5bn private equity with Mopani Copper Mines by ZCCM Investment
3) Twin Star Holdings, Vedanta Holdings Mauritius, Vedanta Holdings Mauritius II and Vedanta Resources’ $808.93m acquisition of Vedanta
4) The $570m acquisition of Jerritt Canyon Gold by First Majestic Silver
5) Eregli Demir ve Celik Fabrikalari TAS’s acquisition of Kumas Manyezit Sanayi for $340m.
Verdict deals analysis methodology
This analysis considers only announced and completed 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.