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
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.