Led by $2bn acquisition of Denway Development, Asia-Pacific’s metals & mining industry saw a rise of 16.67% in 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 70 deals worth $5.6bn were announced for the region during Q2 2022, against the last four-quarter average of 60 deals.
Of all the deal types, M&A saw most activity in Q2 2022 with 66 deals, representing a 94.3% share for the region.
In second place was private equity with two deals, followed by venture financing deals with two transactions, respectively capturing a 2.9% and 2.9% 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 $5.58bn, while private equity and venture financing deals totalled $7.77m and $0.77m, respectively.
Asia-Pacific metals & mining industry deals in Q2 2022: Top deals
The top five metals & mining deals accounted for an 80.3% share of the overall value during Q2 2022.
The combined value of the top five deals stood at $4.49bn, against the overall value of $5.6bn recorded for the quarter.
1) Seroja Investment $2bn acquisition deal with Denway Development
2) The $1.57bn acquisition of China Aluminum Zhongzhou Aluminum and Chinalco Shandong by China Aluminum New Materials
3) Gold Road Resources $411.33m acquisition deal with DGO Gold
4) The $311.5m acquisition of Sun Metals Holdings by Korea Zinc
5) Walsin Lihwa $200m acquisition of 50.1% stake in PT. Sunny Metal Industry
