North America’s metals & mining industry sees a drop of 15.5% in deal activity in Q3 2019

27 November 2019 (Last Updated November 27th, 2019 06:48)

North America’s metals & mining industry sees a drop of 15.5% in deal activity in Q3 2019

North America’s metals & mining industry saw a drop of 15.5% in overall deal activity during Q3 2019, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 147 deals worth $1.49bn were announced for the region during Q3 2019, against the last four-quarter average of 174 deals.

Of all the deal types, M&A saw most activity in Q3 2019 with 127, representing an 86.4% share for the region.

In second place was private equity with 13 deals, followed by venture financing deals with seven transactions, respectively capturing an 8.8% and 4.8% 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 $842.66m, while private equity and venture financing deals totalled $620.45m and $27.56m, respectively.

North America metals & mining industry deals in Q3 2019: Top deals

The top five metals & mining deals accounted for 68.6% of the overall value during Q3 2019.

The combined value of the top five metals & mining deals stood at $1.02bn, against the overall value of $1.49bn recorded for the quarter.

The top five metals & mining industry deals of Q3 2019 tracked by GlobalData were:

1) GSO Capital Partners’ $350m private equity deal with Genesis Alkali Holdings Company

2) The $254.73m acquisition of Barkerville Gold Mines by Osisko Gold Royalties

3) Gamut Capital Management, L.P’s $245m private equity deal with American Axle & Manufacturing Holdings

4) The $103m asset transaction with C&R Tool and Engineering and Walker Die Casting by Allison Transmission Holdings

5) Nexa Resources’ acquisition of Karmin Exploration for $69.3m.

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.