BMO Capital Markets and Canaccord Genuity Group were the top mergers and acquisitions (M&A) financial advisers in the metals & mining sector during the first half (H1) of 2023 by value and volume, respectively, according to the latest Financial Advisers League Table by GlobalData, a leading data and analytics company.

An analysis of GlobalData’s Financial Deals Database reveals that BMO Capital Markets achieved its leading position in terms of value by advising on $37 billion worth of deals. Meanwhile, Canaccord Genuity Group led in terms of volume by advising on a total of seven deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “BMO Capital Markets advised on four deals out of which two deals were valued more than $15 billion. The involvement in these mega deals helped it top the chart by value in H1 2023. Interestingly, BMO Capital Markets occupied the top position by volume as well in H1 2022 but lost it to Canaccord Genuity Group in H1 2023.”

BMO Capital Markets occupied the second position in terms of volume with four deals, followed by Red Cloud Securities Inc with four deals, Haywood Securities with four deals and Allenby Capital with three deals.

Meanwhile, Lazard occupied the second position in terms of value, by advising on $20 billion worth of deals, followed by Bank of America with $19.6 billion while Centerview Partners and JP Morgan jointly occupied the fourth position with $19.1 billion each.