30 Jul, 2020 BMO Capital Markets was top M&A financial adviser by value and volume in global metals and mining sector in H1 2020
Posted in Business FundamentalsBMO Capital Markets was the top financial adviser for mergers and acquisitions (M&A) deals in the global metals and mining sector by deal value and volume in the first half (H1) of 2020, having advised on 12 deals worth US$4.4bn, according to GlobalData, a leading data and analytics company.
Aurojyoti Bose, Financial Deals Analyst at GlobalData, comments: “BMO Capital Markets was the only adviser to showcase double-digit deal volume. The firm also managed to advise on eight US$100m+ deals including one billion-dollar deal worth greater than or equal to US$1bn, which helped the firm secure top position.”
JP Morgan occupied second position by value as well as volume with six deals worth US$2.9bn, followed by The Bank of Nova Scotia with six deals worth US$2.7bn.
The number of deals announced in the metals and mining sector increased by 6.5% from 690 in H1 2019 to 735 in H1 2020, according to GlobalData’s Financial Deals Database. However, deal value decreased by 36.8% from US$29.7bn in H1 2019 to US$18.8bn in H1 2020.