28 Oct 2020
Posted in Business Fundamentals
BMO Capital Markets leads M&A financial adviser league table in global metals and mining sector for Q1–Q3 2020
BMO Capital Markets emerged as the top financial adviser for mergers and acquisitions (M&A) in the global metals and mining sector by value as well as volume for Q1–Q3 2020. A total of 1,233 M&A deals were announced in the metals and mining sector during the period, according to GlobalData, a leading data and analytics company.
According to GlobalData’s report, ‘Global and Metals & Mining M&A Report Financial Adviser League Tables Q1-Q3 2020’, there was a 24.2% increase over the 993 deals announced during Q1–Q3 2019. However, deal value decreased by 40.1% from $46bn in Q1–Q3 2019 to $27bn in Q1–Q3 2020.
In GlobalData’s ranking, BMO Capital Markets gained top spot in terms of deal value and volume by advising on 12 deals worth $4bn.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Of the top 10 advisors by value, BMO Capital Markets was the only adviser to have double-digit deal volume. The firm’s involvement in big-ticket deals also helped it to outpace its peers by a great margin in value terms. The firm was involved in seven $100m+ deals.”
The Bank of Nova Scotia occupied the second position by value with six deals worth $2.7bn, followed by National Bank of Canada with three deals worth $2.5bn and JP Morgan with six deals worth $2.3bn.
Canaccord Genuity Group occupied the second position by volume with 11 deals worth $0.7bn, followed by RBC Capital Markets with seven deals worth $1.2bn.
Bose continues: “Mining has remained a key sector for Canada’s economy and it is no surprise that the top three advisers by value and volume are also Canadian firms.”