North America’s metals & mining industry sees a drop of 5.3% in deal activity in Q2 2019

18 July 2019 (Last Updated July 18th, 2019 13:01)

North America’s metals & mining industry sees a drop of 5.3% in deal activity in Q2 2019

North America’s metals & mining industry saw a drop of 5.3% in overall deal activity during Q2 2019, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 160 deals worth $2.94bn were announced for the region during Q2 2019, against the last four-quarter average of 169 deals.

Of all the deal types, M&A saw most activity in Q2 2019 with 128, representing an 80% share for the region.

In second place was private equity with 20 deals, followed by venture financing deals with 12 transactions, respectively capturing a 12.5% and 7.5% share of the overall deal activity for the quarter.

In terms of value of deals, M&A was the leading category in North America’s metals & mining industry with $2.28bn, while private equity and venture financing deals totalled $465.12m and $189.07m, respectively.

North America metals & mining industry deals in Q2 2019: Top deals

The top five metals & mining deals accounted for 82.4% of the overall value during Q2 2019.

The combined value of the top five metals & mining deals stood at $2.42bn, against the overall value of $2.94bn recorded for the quarter. The top announced metals & mining deal tracked by GlobalData in Q2 2019 was Wieland-Werke’s $1.14bn acquisition of Global Brass and Copper.

In second place was the $596.22m acquisition of Atlantic Gold by St. Barbara and in third place was Pala Investments’ $373.59m private equity deal with Cobalt 27 Capital.

The $156.69m stake acquisition of Quebec Iron Ore by Champion Iron and Allseas Group’s venture financing of DeepGreen Resources for $150m held fourth and fifth positions, respectively.

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.