CIBC was the leading financial adviser globally for mergers and acquisitions (M&A) in Q1 2019 in the metals & mining sector, according to GlobalData.
The Canada-based financial services group led the table with two deals worth $18.7bn, gaining a marginal edge over M. Klein & Company, which advised on one deal worth $18.6bn.
BMO Capital Markets secured third position with three deals valued at $13.4bn.
GlobalData has published a top 10 league table of financial advisers ranked according to the value of announced M&A deals globally. If value remains the same for multiple advisers, deal volume is given weightage.
The top ranked company in the metals & mining sector, CIBC was absent from GlobalData’s Q1 2019 ranking of top 20 financial advisers for global mergers and acquisitions. The metals & mining league table’s second-ranked M. Klein & Company stood seventh in the global rankings.
The metals & mining sector saw an increase in deal value in Q1 2019 when compared with the corresponding quarter of the previous year. The overall deal value grew by 6.3% from $21.2bn in Q1 2018 to $22.5bn in Q1 2019. Deal volumes decreased by 8.7% from 358 in Q1 2018 to 327 deals in Q1 2019.
Cravath Swaine & Moore, and Davies Ward Phillips & Vineberg shared the first spot in the table of the top 10 legal advisers by value with just one deal, but worth $18.6bn. Cassels Brock & Blackwell secured the third position with three deals worth $12.5bn. CravathSwaine& Moore secured 12th position in the global league table of top 20 legal advisers for Q1 2019.
GlobalData’s league tables are based on the real-time tracking of thousands of company websites, advisory firm websites and other reliable sources available on the secondary domain. A dedicated team of analysts monitors all these sources to gather in-depth details for each deal, including adviser names.
To ensure further robustness to the data, the company also seeks submissions from leading advisers, through adviser submission forms on GlobalData’s website
Verdict deals analysis methodology
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.