22 Oct 2021
Posted in Business Fundamentals
Davies Ward Phillips & Vineberg and Cassels Brock & Blackwell top M&A legal advisers by value and volume in metals & mining for Q1-Q3 2021, finds GlobalData
Davies Ward Phillips & Vineberg and Cassels Brock & Blackwell were the top mergers and acquisitions (M&A) legal advisers in the metals & mining sector for Q1-Q3 2021 by value and volume, respectively. Davies Ward Phillips & Vineberg advised on nine deals worth $12.4bn, which was the highest value among all the advisers. Meanwhile, Cassels Brock & Blackwell led in volume terms having advised on 14 deals worth $11.6bn. A total of 1,116 M&A deals were announced in the sector during Q1-Q3 2021, according to GlobalData, a leading data and analytics company.
According to GlobalData’s report, ‘Global and Metals & Mining M&A Report Legal Adviser League Tables Q1-Q3 2021’, deal value for the sector increased by 64.7% from US$34bn during Q1-Q3 2020 to US$56bn during Q1-Q3 2021.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “There was tough competition among Davies Ward Phillips & Vineberg, Cassels Brock & Blackwell and Fasken Martineau DuMoulin for the top spot by value, as these firms surpassed the US$10bn mark. However, Davies Ward Phillips & Vineberg occupied the top spot due to its involvement in deals of relatively larger size. The average deal size for Davies Ward Phillips & Vineberg stood at $1.4bn, while Cassels Brock & Blackwell stood at $829m.”
Cassels Brock & Blackwell occupied the second position in terms of value, followed by Fasken Martineau DuMoulin with seven deals worth $11.1bn, Paul Weiss Rifkind Wharton & Garrison with five deal worth $2.9bn and Blake Cassels & Graydon occupied fifth position with 13 deals worth $2.3bn.
Blake Cassels & Graydon also occupied the second position in terms of volume, followed by Stikeman Elliott with 12 deals worth $1.8bn. Davies Ward Phillips & Vineberg occupied the fourth position by volume and Fasken Martineau DuMoulin ranked fifth by volume.