30 Jul 2020
Posted in Business Fundamentals
McCarthy Tetrault was top M&A legal adviser by value and volume in global metals and mining sector in H1 2020
McCarthy Tetrault was the top legal adviser for mergers and acquisitions (M&A) deals in the global metals and mining sector by deal value and volume in the first half (H1) of 2020, having advised on seven deals worth US$3.5bn, according to GlobalData, a leading data and analytics company.
Aurojyoti Bose, Financial Deals Analyst at GlobalData, comments: “McCarthy Tetrault advised on six US$100m+ deals including one billion-dollar deal worth greater than or equal to US$1bn, which helped the firm secure the top spot.”
Bennett Jones occupied second position by value with six deals worth US$2.3bn, followed by Stikeman Elliott with four deals worth US$2.2bn. Blake Cassels & Graydon occupied second position by volume with seven deals worth US$436.1m, followed by Bennett Jones.
Bose continues: “Both McCarthy Tetrault and Blake Cassels & Graydon advised on seven deals each but, surprisingly, Blake Cassels & Graydon did not feature among the top ten advisers by value.”
The number of deals announced in the metals and mining sector increased by 6.5% from 690 in H1 2019 to 735 in H1 2020, according to GlobalData’s Financial Deals Database. However, deal value decreased by 36.8% from US$29.7bn in H1 2019 to US$18.8bn in H1 2020.