Mining deals: Exclusive league tables of financial and legal advisers revealed

5 September 2018 (Last Updated March 20th, 2020 17:10)

Goldman Sachs was the leading financial adviser globally when  it came to deals in the metals and mining sector in Q2 2018, according to exclusive analysis by Mining Technology’s parent business intelligence company GlobalData.

The American investment bank, led in terms of value and volume and worked on five deals valued at $6.7bn to become the top financial adviser to the industry, during the quarter.

According to GlobalData, which uses its tracking of all merger and acquisition, private equity/venture capital and asset transaction activity globally to compile the league table, Alvarez & Marsal and BofA Merrill Lynch occupied the second and third positions by advising on deals worth $5.4bn and $4.1bn, respectively.

Both players made it to the top of the metals and mining league table, primarily due to their involvement in the industry’s highest-value deal – Tianqi Lithium’s proposed acquisition of 23.8% Stake in Sociedad Quimica y Minera de Chile for $4.1bn – registered during the quarter.

In terms of volumes, UBS occupied the second spot in the table with four deals. The bank was ranked 4th by value.

Global Metals and Mining deals market Q2 2018

The total global metals and mining deals market saw a leap in year-over-year value but a marginal drop in volumes. Deal value soared significantly by close to 116% to reach $20.3bn in Q2 2018 compared to $9.4bn in Q2 2017. Volumes declined by 2.8% from 287 to 279 between the quarters under review.

All announced deals count towards the league table compiled by GlobalData.

The top ranked bank in the Metals & Mining league table of M&A financial advisers, Goldman Sachs was also the second top player in the global league table of top 20 M&A financial advisers released by GlobalData recently.

Top ten legal advisers on Metals and Mining deals

India-based AZB & Partners emerged as leader in the top 10 M&A legal advisers for the Metals and Mining industry in Q2 2018, with just two transactions worth $10.6bn, including the industry’s highest-value deal – $5.3bn acquisition of Bhushan Steel by Tata Steel. The same deal pushed another Indian law firm into second place.