Led by $808.93m acquisition of Vedanta, Asia-Pacific’s metals & mining industry saw a rise of 2.65% in cross border deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.

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A total of 29 cross border deals worth $1.01bn were announced for the region during Q1 2021, against the last four-quarter average of 28.25 deals.

Of all the deal types, M&A saw most activity in Q1 2021 with 28 deals, representing a 96.6% share for the region.

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In second place was private equity with one deal capturing a 3.5% 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 Asia-Pacific’s metals & mining industry with $982.98m, followed by private equity deals totalled $23.28m.

Asia-Pacific metals & mining industry cross border deals in Q1 2021: Top deals

The top five metals & mining cross border deals accounted for a 96.9% share of the overall value during Q1 2021.

The combined value of the top five cross border deals stood at $975.01m, against the overall value of $1.01bn recorded for the quarter.

The top five metals & mining industry cross border deals of Q1 2021 tracked by GlobalData were:

1) Twin Star Holdings, Vedanta Holdings Mauritius, Vedanta Holdings Mauritius II and Vedanta Resources‘ $808.93m acquisition of Vedanta

2) The $76m asset transaction with Government of Henan ProvInce by Henan Found Mining

3) Ascend Global Investment Fund’s $50m acquisition of PT Golden Energy Mines

4) The $23.28m private equity deal with Newcrest Mining by Allan Gray Australia and Orbis Investment Management

5) Lansen Investments (Hong Kong)’s acquisition of FALCONTECH for $16.8m.