GlobalData, a leading data and analytics company, has revealed its global league tables for top 10 financial advisers in metals and mining sector by value and volume for 2020 in its report, ‘Global and Metals & Mining M&A Review and Legal Adviser League tables‘.

According to GlobalData’s M&A report, deal value decreased by 12.3% from $65bn in 2019 to $57bn in 2020. A total 1,712 M&A deals were announced in the sector during 2020, marking a 33.8% increase over the 1,280 deals announced in 2019.

Top advisers by value and volume

BMO Capital Markets was the top mergers and acquisitions (M&A) financial adviser in the global mining sector for 2020 by value. It advised on 13 deals worth $4.8bn. Canaccord Genuity Group emerged as the top M&A financial advisor in terms of volume, having advised on 14 deals worth $2.9bn.

GlobalData lead analyst Aurojyoti Bose said: “BMO Capital Markets and Canaccord Genuity Group were the only two firms that managed to see double-digit deal volume during Covid-19-hit 2020. BMO Capital Markets occupied the second position by volume, but, surprisingly, Canaccord Genuity Group failed to find a place in the list of top ten advisors by value due to its involvement in largely low-value transactions.

“While the average deal size for BMO Capital Markets stood at $367.2m, it was much lesser and stood at $2019.1m for Canaccord Genuity Group, despite the latter advising on relatively more number of deals.”

The Bank of Nova Scotia took the second position in GlobalData’s ranking of financial advisers for M&As in the global mining sector by value with nine deals worth $4.7bn. It was followed by Macquarie and Sternship Advisers with three deals each worth $4.3bn and $4.2bn, respectively.

The Bank of Nova Scotia finished at third position by volume. It was followed by RBC Capital Markets with nine deals worth $2.2bn.

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.