28 Apr 2020
Posted in Business Fundamentals
McCarthy Tetrault is top M&A legal adviser in metals and mining sector by value in Q1 2020
McCarthy Tetrault has dominated the mergers and acquisitions (M&A) legal advisers league table, by leading data and analytics company GlobalData, based on deal value in Q1 2020, having advised on two deals worth US$748.4m.
GlobalData, which tracks all M&A, private equity/venture capital and asset transaction activity around the world, confirmed that Davies Ward Phillips & Vineberg finished at second position with one deal worth US$696.3m. McCarthy Tetrault did not feature in the recently released global league table of top 20 M&A legal advisers by GlobalData.
Bennett Jones leads by volume
Bennett Jones was the top M&A legal advisor, in terms of volume, with four deals worth $15.1m in Q1 2020. McCarthy Tetrault took the second spot with two deals worth US$748.4m, followed by Cassels Brock & Blackwell with two deals worth US$349.1m.
Aurojyoti Bose, Financial Deals Analyst at GlobalData, says: “The metals and mining sector witnessed subdued deal activity during Q1 2020, compared to Q1 2019. While there was a decline in volume, the decline was more pronounced in terms of value with no firms in the top ten list by value achieving the US$1bn mark. In addition, five firms in the top ten list by volume failed to cross the US$100m mark.”
Global metals and mining deals market deals market in Q1 2020
The metals and mining sector saw a decline in deal value in Q1 2020 when compared with Q1 2019. The overall deal value fell by 72.77% from US$21.9bn in Q1 2019 to US$6.0bn in Q1 2020. Deal volume also decreased by 10.98% from 346 to 308.