28 Oct 2020
Posted in Business Fundamentals
McCarthy Tetrault and Blake Cassels & Graydon were top M&A legal advisers by value and volume in metals and mining sector for Q1–Q3 2020
McCarthy Tetrault and Blake Cassels & Graydon have emerged as the top legal advisers for mergers and acquisitions (M&A) in the global metals and mining sector by value and volume for Q1–Q3 2020, respectively. 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 M&A report, ‘Global and Metals & Mining M&A Report Legal 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, McCarthy Tetrault gained the top spot in terms of deal value by advising on nine deals worth $3.5bn, which was the highest value among all the advisers. Concurrently, Blake Cassels & Graydon led in terms of volume having advised on 11 deals worth $0.6bn.
Aurojyoti Bose, Financial Deals Analyst at GlobalData, comments: “Blake Cassels & Graydon, despite being the only adviser to showcase double digit deal volume, failed to cross even $1bn in deal value due to its involvement in low-value transactions. Resultantly, it also failed to make it to the list of top ten advisers by value.
“In contrast, McCarthy Tetrault not only led in terms of value but also occupied the second position in terms of volume. The firm managed to advise on seven $100m+ deals, which also include one billion-dollar deal.”
Jones Day occupied the second position in terms of value with five deals worth $3.3bn, followed by Bennett Jones and Stikeman Elliott with six deals each worth $2.5bn and $2.3bn, respectively.
Fasken Martineau DuMoulin occupied the third position in terms of volume with nine deals worth $1bn, followed by Cassels Brock & Blackwell with nine deals worth $0.8bn and Bennett Jones with six deals worth $2.5bn.