TD Securities was the top mergers and acquisitions (M&A) financial adviser in the metals & mining sector for Q1 2021 by volume, while Goldman Sachs and Perella Weinberg Partners jointly held the top position by value. Both Goldman Sachs and Perella Weinberg Partners advised on one deal each worth US$1.7bn, which was the highest value among all the advisers. Meanwhile, TD Securities led in volume terms having advised on three deals worth US$1.2bn. A total of 374 M&A deals were announced in the sector during Q1 2021, according to GlobalData, a leading data and analytics company.

According to GlobalData’s report, ‘Global and Metal & Mining M&A Report Financial Adviser League Tables Q1 2021’, deal value for the sector increased by 8.3% from US$12bn in Q1 2020 to US$13bn in Q1 2021.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Goldman Sachs, Perella Weinberg Partners and TD Securities were the only three advisors to cross the US$1bn mark in total value. While Goldman Sachs and Perella Weinberg Partners managed to advise on billion-dollar deal and went ahead to lead by value, TD Securities, though not able to advise on any billion-dollar deal, managed to occupy the next position by value apart from leading by volume.”

TD Securities also occupied the third position in terms of value followed by JP Morgan with one deal worth US$809m, BMO Capital Markets with two deals worth US$614m and CIBC Capital Markets with two deals worth US$535m.

Canaccord Genuity Group occupied the second position by volume with three deals worth US$459m. BMO Capital Markets and CIBC Capital Markets occupied the third and fourth position by volume, respectively.