Led by $6.7bn acquisition of Yamana Gold, North America’s metals & mining industry saw a rise of 44.26% in cross border deal activity during Q2 2022, when compared to the last four-quarter average, according to GlobalData’s deals database.
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A total of 22 cross border deals worth $7bn were announced for the region during Q2 2022, against the last four-quarter average of 15.25 deals.
Of all the deal types, M&A saw most activity in Q2 2022 with 16 deals, representing a 72.7% share for the region.
In second place was private equity with three deals, followed by venture financing deals with three transactions, respectively capturing a 13.6% and 13.6% share of the overall cross border deal activity for the quarter.
In terms of value of cross border deals, M&A was the leading category in North America’s metals & mining industry with $6.94bn, while venture financing and private equity deals totalled $21.37m and $5.05m, respectively.
North America metals & mining industry cross border deals in Q2 2022: Top deals
The top five metals & mining cross border deals accounted for a 99.4% share of the overall value during Q2 2022.
The combined value of the top five cross border deals stood at $6.93bn, against the overall value of $7bn recorded for the quarter.
1) Gold Fields $6.7bn acquisition deal with Yamana Gold
2) The $161.59m acquisition of UEX by Uranium Energy
3) QNB Metals $38.62m acquisition deal with Minagoldchoix
4) The $14.7m acquisition of S.A. de and Minera Mexicana el Rosario by Guanajuato SilverLtd.
5) Aera VC,Earthrise Capital Partners,Initialized Capital,Liquid 2 Ventures,Seven Seven Six venture fund and Soma Capital $13m venture financing deal with AstroForge
Verdict deals analysis methodology
This analysis considers only announced and completed cross border 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.