28 Oct 2020
BMO Capital Markets leads M&A financial adviser league table in global metals and mining sector for Q1–Q3 2020
Posted in Business Fundamentals
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.”