In the global mining industry, there were six private equity deals announced in Q3 2024, worth a total value of $209.3m, according to GlobalData’s Deals Database. The $180m investment by Qatar Investment Authority in TechMet was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes and the Private Equity deal activity are included in GlobalData’s Mining Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.
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In value terms, private equity deal activity decreased by 90% in Q3 2024 compared with the previous quarter’s total of $2bn and fell by 96% as compared to Q3 2023. Related deal volume increased by 20% in Q3 2024 versus the previous quarter and was 54% lower than in Q3 2023.
Notably, carbon emissions-related deals accounted for a 33% share of the global mining industry’s private equity deal activity in Q3 2024, registering a flat growth over the previous quarter.
The top-ranked financial advisors supporting these private equity deals in 9M 2024 were BNP Paribas; Canaccord Genuity Group; Cherry Bekaert with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these private equity deals in 9M 2024 were Latham & Watkins; Blake, Cassels & Graydon; Fasken Martineau DuMoulin with 2, 1, 1 deals respectively.
For further understanding of GlobalData's Mining Industry Mergers and Acquisitions Deals by Top Themes in Q3 2024 – Strategic Intelligence, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Buyouts and Direct Investments done by Private Equity firms.
