Of all the deal types, M&A saw the most activity in Q4 2020 with 38, representing a 95% share for the region, led by Endeavour Mining’s $1.86 billion acquisition of Teranga Gold.
M&A was the leading category in Canada’s metals & mining industry with $2.39 billion
The remaining deals comprised one private equity deal and a venture financing deal, each capturing a 2.5% share of the overall cross border deal activity for the quarter.
In terms of the value of cross border deals, M&A was the leading category in Canada’s metals & mining industry with $2.39 billion, followed by venture financing deals totalling $1.96 million.
The top five metals & mining cross border deals accounted for a 97.6% share of the overall value during Q4 2020, with a combined value of $2.34 billion.
The top five cross border deals of Q4 2020 tracked by GlobalData were:
- Endeavour Mining’s $1.86 billion acquisition of Teranga Gold;
- The $225 million acquisition of Greenstone Gold Mines GP by Orion Mine Finance;
- Magris Resources’ $223 million acquisition of Imerys Talc America, Imerys Talc Canada and Imerys Talc Vermont;
- The $18 million asset transaction deal with Endeavour Silver by Vangold Mining;
- Champion Iron’s asset transaction with Deloitte Restructuring for $15 million.
