Europe's metals & mining industry sees a drop of 8.6% in deal activity in Q3 2020

Photo: Grupo Gallardo Balboa

 Europe’s metals & mining industry saw a drop of 8.6% in overall deal activity during Q3 2020, when compared to the four-quarter average, according to GlobalData’s deals database.

 

A total of 32 deals worth $1.28bn were announced for the region during Q3 2020, against the last four-quarter average of 35 deals.

 

Of all the deal types, M&A saw most activity in Q3 2020 with 28, representing an 87.5% share for the region.

 

In second place was private equity with three deals, followed by venture financing deals with one transactions, respectively capturing a 9.4% and 3.1% share of the overall deal activity for the quarter.

 

In terms of value of deals, M&A was the leading category in Europe’s metals & mining industry with $1.27bn, while private equity and venture financing deals totalled $8.62m and $1.02m, respectively.

 

Europe metals & mining industry deals in Q3 2020: Top deals

The top five metals & mining deals accounted for 81.8% of the overall value during Q3 2020.

 

The combined value of the top five metals & mining deals stood at $1.04bn, against the overall value of $1.28bn recorded for the quarter.

 

The top five metals & mining industry deals of Q3 2020 tracked by GlobalData were:

 

Fortiana’s $569.56m acquisition of Highland Gold Mining

The $163.83m acquisition of Grupo Gallardo Balboa S.L by Grupo Industrial CL

JSC Polyus Krasnoyarsk’s $128.2m acquisition of SL Gold Limited Liability

The $105.06m acquisition of Verkhnekamsk Potash by VTB Group

Liberty Galati’s asset transaction with Ascoval and Hayange for $76.96m.