Morgan Stanley has topped the latest M&A league table of the top 10 financial advisers for the Metals & Mining industry for Q3 2018, compiled by leading data analytics company GlobalData.
The US-based financial services group advised on five announced deals worth $12.5bn, including the industry’s highest value deal – Barrick Gold’s proposed acquisition of Randgold Resources for $6bn.
According to GlobalData – which uses its tracking of all merger and acquisition, private equity/venture capital and asset transaction activity around the world to compile the league table – CIBC stood at the second position with two transactions worth $6.1bn, followed by Credit Suisse with three deals valued at $6bn. Barclays and M. Klein and Company shared the fourth place by advising on Barrick Gold-Randgold deal in common.
The metals and mining sector saw a good number of high-value deals during the third quarter of 2018 when compared to the corresponding quarter in the previous year. The overall value of announced deals in the sector grew by 272.5% to $36.88bn in Q3 2018 from $9.9bn in Q3 2017.
Stikeman Elliott tops mining M&A legal advisers ranking
Canada-based Stikeman Elliott topped the list of the top 10 legal advisers by value. All the top seven law firms in the league table were associated with the Barrick Gold-Randgold deal during the quarter.