Led by $808.93m acquisition of Vedanta, Asia-Pacific’s metals & mining industry saw a drop of 20.15% in 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 105 deals worth $1.89bn were announced for the region during Q1 2021, against the last four-quarter average of 131.50 deals.
Of all the deal types, M&A saw most activity in Q1 2021 with 102 deals, representing a 97.1% share for the region.
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By GlobalDataIn second place was private equity with two deals, followed by venture financing deals with one transactions, respectively capturing a 1.9% and 1% share of the overall deal activity for the quarter.
In terms of value of deals, M&A was the leading category in Asia-Pacific’s metals & mining industry with $1.87bn, while private equity and venture financing deals totalled $23.28m and $0.59m, respectively.
Asia-Pacific metals & mining industry deals in Q1 2021: Top deals
The top five metals & mining deals accounted for a 66.9% share of the overall value during Q1 2021.
The combined value of the top five deals stood at $1.27bn, against the overall value of $1.89bn recorded for the quarter.
The top five metals & mining industry 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 $125.76m asset transaction with Suancigou Mining, Yitai Baoshan Coal and Yitai Dadi Coal by Xuzhou Zhongtai Energy Technology
3) Anhui Sierte Fertilizer Industry’s $116.86m acquisition of Guizhou Lufa Industrial
4) The $115.65m asset transaction deal with Welspun by JSW Steel
5) Shanxi Meijin Energy’s acquisition of Shanxi Meijin Group Jinhui Coal Industry for $100.5m.