US metals & mining industry sees a drop of 29.8% in deal activity in Q1 2020

22 April 2020 (Last Updated April 22nd, 2020 15:08)

US metals & mining industry sees a drop of 29.8% in deal activity in Q1 2020

The US metals & mining industry saw a drop of 29.8% in overall deal activity during Q1 2020, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 33 deals worth $1.09bn were announced in Q1 2020, compared to the last four-quarter average of 47 deals.

M&A was the leading category in the quarter with 31 deals which accounted for 93.9% of all deals.

In second place was private equity with one deals, followed by venture financing with one transactions, respectively accounting for 3.03% and 3.03% of overall deal activity in the country’s metals & mining industry during the quarter.

In terms of value of deals, M&A was the leading deal category in the US metals & mining industry with total deals worth $1.07bn, followed by private equity deals totalled $20m.

The US metals & mining industry deals in Q1 2020: Top deals

The top five metals & mining deals accounted for 99.2% of the overall value during Q1 2020.

The combined value of the top five metals & mining deals stood at $1.08bn, against the overall value of $1.09bn recorded for the month.

The top five metals & mining industry deals of Q1 2020 tracked by GlobalData were:

1) Mudrick Capital Acquisition’s $537m asset transaction with Hycroft Mining

2) The $268m asset transaction with Orion Resource Partners (USA) by Guerrero Ventures

3) Kymera International’s $250m acquisition of Reading Alloys

4) The $20m venture financing of Lilac Solutions by Breakthrough Energy Ventures and The Engine Fund

5) Ely Gold Royalties’ acquisition of VEK Associates for $5.92m.

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.