Top ten metals & mining M&A legal advisers for H1 2020 revealed

31 July 2020 (Last Updated August 5th, 2020 13:56)

McCarthy Tetrault was the top legal adviser for mergers and acquisitions (M&A) deals in the global metals and mining sector by deal value and volume in the first half (H1) of 2020, according to GlobalData.

The law firm advised on seven deals worth $3.5bn.

Bennett Jones stood at second position in terms of value with six deal worth $2.3bn.

GlobalData has published a top ten league table of financial advisers ranked according to the value of announced M&A deals globally. If the value remains the same for multiple advisers, deal volume is given weightage.

McCarthy Tetrault, which topped the metals and mining deals league table, did not appear in the GlobalData’s global league table of top 20 M&A financial advisers for H1 2020.

GlobalData financial deals analyst Aurojyoti Bose said: McCarthy Tetrault advised on six $100m+ deals including one billion-dollar deal worth greater than or equal to $1bn, which helped the firm secure the top spot.”

Bose said: “Both McCarthy Tetrault and Blake Cassels & Graydon advised on seven deals each but, surprisingly, Blake Cassels & Graydon did not feature among the top ten advisers by value.”

The metals and mining sector saw a decrease in deal value in H1 2020 when compared with H1 2019. The overall deal value declined by 36.8% from $29.7bn in H1 2019 to $18.8bn in H1 2020. Deal volume increased by 6.5% from 690 to 735.

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.