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  1. Deals Analysis
February 21, 2020updated 24 Feb 2020 1:32pm

North America’s metals & mining industry sees a drop of 23.1% in deal activity in Q4 2019

North America’s metals & mining industry saw a drop of 23.1% in overall deal activity during Q4 2019, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 133 deals worth $10.71bn were announced for the region during Q4 2019, against the last four-quarter average of 173 deals.

Of all the deal types, M&A saw most activity in Q4 2019 with 118, representing an 88.7% share for the region.

In second place was private equity with nine deals, followed by venture financing deals with six transactions, respectively capturing a 6.8% and 4.5% 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 $10.54bn, while private equity and venture financing deals totalled $156.18m and $11.26m, respectively.

North America metals & mining industry deals in Q4 2019: Top deals

The top five metals & mining deals accounted for 86.7% of the overall value during Q4 2019.

The combined value of the top five metals & mining deals stood at $9.28bn, against the overall value of $10.71bn recorded for the quarter.

The top five metals & mining industry deals of Q4 2019 tracked by GlobalData were:

1) Kirkland Lake Gold’s $3.8bn acquisition of Detour Gold

2) The $3bn acquisition of AK Steel Holding by Cleveland-Cliffs

3) Gold Mountains (H.K.) International MiningLimited’s $1.03bn acquisition of Continental Gold

4) The $751.02m acquisition of North American Palladium by Impala Platinum Holdings

5) United States Steel ‘s acquisition of Big River Steel LLC (Steel DevelopmentLLC) for $700m.

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.

 

Related Companies

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.

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