BMO Capital Markets and Canaccord Genuity Group occupied the leading spot among financial advisers by value and volume, respectively, for mergers and acquisitions (M&A) in the metals and mining sector in the first three quarters (Q1–Q3) of 2023, revealed GlobalData’s latest league table.

According to the data and analytics company’s Financial Deals Database, BMO Capital Markets advised on deals valued at $37.1bn during the period to top the list in terms of value.

JP Morgan came second by value, advising on deals worth $22.5bn.

Lazard advised on $20bn of deals to take the third spot, followed by Bank of America, which advised on deals valued at $19.6bn.

In terms of volume, Canaccord Genuity Group topped the list by advising on ten deals.

It was followed by BMO Capital Markets, which advised on six deals; Allenby Capital with six deals; Macquarie with five deals; and Haywood Securities, which advised on five deals.

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GlobalData lead analyst Aurojyoti Bose said: “Canaccord Genuity Group was the only adviser with double-digit deal volume during Q1–Q3 2023. Its ranking by volume also jumped from third position in Q1–Q3 2022 to the top spot in Q1–Q3 2023.”

“Meanwhile, BMO Capital Markets, which was the top adviser by value in Q1–Q3 2022, managed to retain its leadership position by this metric in Q1–Q3 2023. It also experienced a significant jump in the total value of deals advised by it during Q1–Q3 2023 compared with Q1–Q3 2022 due to its involvement in two mega deals valued at more than $10bn.”

GlobalData’s league tables are based on the real-time tracking of thousands of company websites, advisory company 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 of the data, the company also seeks deal submissions from leading advisers.