Leading data and analytics company GlobalData has revealed its league tables for the top ten financial advisers by value and volume in the metals and mining sector for Q1 2023.
Greenhill & Co. and Canaccord Genuity Group emerged as the top mergers and acquisitions (M&A) financial advisers in the metals & mining sector for Q1 2023 by value and volume, respectively.
Greenhill & Co advised on $3.4bn worth of deals while Canaccord Genuity Group advised on a total of six deals.
GlobalData lead analyst Aurojyoti Bose said: “Greenhill & Co., though advised on its only deal, was the only company that managed to surpass the $1bn mark in total deal value in Q1 2023. It also occupied the seventh position by volume.
“Meanwhile, Canaccord Genuity Group registered improvement in deals volume, which helped in improving its ranking from 33 in Q1 2022 to the top position in Q1 2023. It also occupied the ninth position by value.”
According to GlobalData’s financial deals database, Lazard and Mediobanca jointly took the second spot in the value table, with each advising on $900m worth of deals, followed by Cormark Securities with $874m and BMO Capital Markets with $839m.
Haywood Securities secured the second position in the volume table with three deals, followed by Cormark Securities with two deals, BMO Capital Markets with two deals and Red Cloud Securities with two deals.
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.