BMO Capital Markets was the top mergers and acquisitions (M&A) financial adviser in the metals & mining sector for 2021, according to GlobalData, which noted BMO Capital Market advised on 19 deals worth a total $20.5 billion. A total of 1,502 M&A deals were announced in the sector during 2021.

According to GlobalData’s report, ‘Global and Metals & Mining M&A Report Financial Adviser League Tables 2021’, deal value for the sector increased by 81.4% from $61.3 billion during 2020 to $111.2 billion during 2021.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “There was no competition for BMO Capital Markets in securing the top spot, both in terms of deal value and volume. MO Capital Markets was the only advisor to surpass the $20 billion mark, while the number of deals advised by firm was a little shy of touching the 20 mark.”

Trinity Watthana Public Company occupied the second position in terms of value, with eight deals worth $12.7 billion; followed by CIBC Capital Markets, with six deals worth $12.7 billion; TD Securities, with four deals worth $11.8 billion; and Bank of America, with two deals worth $11.4 billion.

Canaccord Genuity Group occupied the second position in terms of volume, with 10 deals worth $4 billion; followed by Trinity Watthana Public. RBC Capital Markets occupied the fourth position by volume, with eight deals worth $6.8 billion; followed by Haywood Securities with eight deals worth $314 million.