Europe’s metals & mining industry saw a flat growth in overall deal activity during Q2 2019, when compared to the four-quarter average, according to GlobalData’s deals database.
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A total of 31 deals worth $922.6m were announced for the region during Q2 2019, against the last four-quarter average of 31 deals.
Of all the deal types, M&A saw most activity in Q2 2019 with 25, representing an 80.7% share for the region.
In second place was private equity with six deals, capturing a 19.4% share of the overall deal activity for the quarter.
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By GlobalDataIn terms of value of deals, M&A was the leading category in Europe’s metals & mining industry with $862.6m, while private equity deals totalled $60m.
Europe metals & mining industry deals in Q2 2019: Top deals
The top five metals & mining deals accounted for 90.7% of the overall value during Q2 2019.
The combined value of the top five metals & mining deals stood at $837.15m, against the overall value of $922.6m recorded for the quarter.
The top five metals & mining deals tracked by GlobalData in Q2 2019 were:
1) Abinsk Electric Steel Works’ $215m asset transaction with PAO Severstal
2) The $212.15m stake acquisition of Acacia Mining by Barrick Gold
3) Right Success Investments’ $200m acquisition of Clear Interest.
4) The $150m asset transaction with Freeport-McMoRan by Umicore
5) International Finance’s private equity deal with Iluka Investments (BVI) for $60m.
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.