BMO Capital Markets was the leading financial adviser globally for mergers and acquisitions (M&A) in the first quarter of 2020 in the metals and mining sector, according to GlobalData.
The Canadian investment bank led the table with five deals worth $1.53bn.
Maxit Capital stood at second position in terms of value with three deals worth $699.8m.
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.
BMO Capital Markets, 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 Q1 2020.
GlobalData financial deals analyst Aurojyoti Bose says: “The metals and mining sector witnessed drastic decline in deal value in Q1 2020 compared to Q1 2019. Under this environment, BMO Capital Markets was the only player to cross the $1bn mark. On the other hand, the total value of deals advised by three of the top ten firms by volume was even less than $100m.”
The metals and mining sector saw a decrease in deal value in Q1 2020 when compared with Q1 2019. The overall deal value declined by 72.77% from $21.9bn in Q1 2019 to $6.0bn in Q1 2020. Deal volume also decreased by 10.98% from 346 to 308.
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.