Citi has topped the latest mergers and acquisitions (M&A) league table of the top 10 financial advisers for the metals & mining sector based on deal value in the first half (H1) of 2019, according to GlobalData, a leading data and analytics company.

The American multinational investment bank led the table with six deals worth US$32.5bn, gaining a marginal edge over BMO Capital Markets, which advised on six deals worth US$32.2bn.

According to GlobalData, which tracks all M&A, private equity/venture capital and asset transaction activity around the world to compile the league tables, Goldman Sachs secured third position with three deals valued at US$31.5bn.

Nagarjun Sura, Financial Deals Analyst at GlobalData, says: “In the financial adviser category, Citi took the top spot by edging past BMO Capital Markets, even though both advised on six transactions each. Cassels Brock & Blackwell led the legal advisor table in terms of volume with five deals, but settled at fifth position due to low-value transactions.” 

Global metals & mining deals market in H1 2019

The metals & mining sector saw a decline in deal value in H1 2019 when compared with the corresponding period of the previous year. The overall deal value fell by 34.9% from US$48.2bn in H1 2018 to US$31.4bn in H1 2019. Deal volume also decreased by 0.6% from 691 to 687.

The top ranker in the metals & mining sector, Citi, secured fourth position in the recently released global league table of top 20 M&A financial advisers by GlobalData.

White & Case tops list of M&A legal advisers

White & Case secured the first spot in the table of the top 10 legal advisers by value with four deals worth US$31.5bn but finished in sixteenth position in the global league table of top 20 M&A legal advisers. Wachtell, Lipton, Rosen & Katz secured second position with two deals worth US$31.1bn.