Bank of America and BMO Capital Markets were the top mergers and acquisitions (M&A) financial advisers in metals & mining sector in 2022 by value and volume, respectively, according to the latest financial advisers league table by GlobalData.

Based on its Financial Deals Database, the leading data and analytics company has revealed that Bank of America achieved its leading position in terms of value by advising on $7.8 billion worth of deals. Meanwhile, BMO Capital Markets led in volume terms by advising on a total of eight deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “BMO Capital Markets registered a decline in the number of deals advised in 2022 compared to the previous year but still managed to retain its leadership position by volume. It also occupied the fifth position by value.

“Meanwhile, Bank of America, despite advising on relatively much lesser number of deals compared to BMO Capital Markets, occupied the top position by value. The average size of deals advised by Bank of America was $3.9 billion, which is significantly high compared to BMO Capital Markets’ average deal size of $616 million.”

An analysis of GlobalData’s Financial Deals Database reveals that Canaccord Genuity Group occupied the second position in terms of value, by advising on $7.2 billion worth of deals, followed by Stifel/KBW with $7 billion, Bank of Nova Scotia with $6.9 billion and BMO Capital Markets with $4.9 billion.

Canaccord Genuity Group also occupied the second position in terms of volume with seven deals, followed by Stifel/KBW with six deals, Rothschild & Co with five deals and RBC Capital Markets with four deals.