Goldman Sachs and Macquarie were the top mergers and acquisitions (M&A) financial advisers in the metals & mining sector during 2024 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 Deals Database has revealed that Goldman Sachs achieved the leading position in terms of value by advising on $13.3 billion worth of deals. Meanwhile, Macquarie led in terms of volume by advising on a total of 11 deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Many among the top 10 advisers by value experienced massive double-digit decline in the total value of deals advised by them in 2024 compared to 2023. In fact, Goldman Sachs registered a year-on-year decline of 46.9% in value but despite that it managed to occupy the top spot. Three of the five deals advised by Goldman Sachs during the year were billion-dollar deals* and these helped it secure the top spot by value. It is also noteworthy that the average value of these three deals was more than $4 billion.”

“In contrast, most of the top 10 advisers by volume registered growth in the number of deals advised by them in 2024 compared to 2023. Macquarie also registered growth as well as an improvement in its ranking. It went ahead from occupying the fifth position by volume in 2023 to top the chart by this metric in 2024.”

BMO Capital Markets occupied the second position in terms of value, by advising on $12.3 billion worth of deals, followed by JP Morgan with $12.2 billion, Gordon Dyal & Co. Advisory Group with $10.4 billion and Bank of America with $10.2 billion.

Meanwhile, BMO Capital Markets occupied the second position in terms of volume with 10 deals, followed by Royal Bank of Canada with 10 deals, Cormark Securities with eight deals and Moelis & Company with seven deals.

*≥ $1 billion