North America’s metals & mining industry saw a rise of 8.02% in overall deal activity during Q4 2020, when compared to the four-quarter average, according to GlobalData’s deals database.
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A total of 229 deals worth $6.13bn were announced for the region during Q4 2020, against the last four-quarter average of 212 deals.
Of all the deal types, M&A saw most activity in Q4 2020 with 223, representing a 97.4% share for the region.
In second place was private equity with four deals, followed by venture financing deals with two transactions, respectively capturing a 1.8% and 0.9% 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 North America’s metals & mining industry with $6.06bn, while venture financing and private equity deals totalled $52.06m and $14.96m, respectively.
North America metals & mining industry deals in Q4 2020: Top deals
The top five metals & mining deals accounted for 81.4% of the overall value during Q4 2020.
The combined value of the top five metals & mining deals stood at $4.99bn, against the overall value of $6.13bn recorded for the quarter.
The top five metals & mining industry deals of Q4 2020 tracked by GlobalData were:
1) Endeavour Mining‘s $1.86bn acquisition of Teranga Gold
2) The $1.14bn acquisition of Golder Associates by WSP Global
3) U.S. Steel’s $774m acquisition of Big River Steel LLC (Steel DevelopmentLLC)
4) The $670m acquisition of Alcoa Warrick by Kaiser Aluminum
5) Equinox Gold‘s acquisition of Premier Gold Mines for $549.45m.
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.