BMO emerges as top advisor for M&A

BMO Capital Markets emerged as the top financial adviser for mergers and acquisitions (M&A) in the global mining sector by value as well as volume through the first three quarters of 2020, says GlobalData analytics and consulting firm.

According to GlobalData’s figures, a total of 1,233 M&A deals were announced in the metals and mining sector during the period.

This represents a 24.2% increase over the 993 deals announced during the same nine-month period in 2019.

However, deal value decreased by 40.1%, from US$46 billion in the first three quarters of 2019 to US$27 billion in the same period this year.

In GlobalData’s ranking, BMO Capital Markets gained top spot in terms of deal value and volume by advising on 12 deals worth US$4 billion.

“Of the top 10 advisors by value, BMO Capital Markets was the only adviser to have double-digit deal volume,” commented Aurojyoti Bose, lead analyst at GlobalData. “The firm’s involvement in big-ticket deals also helped it to outpace its peers by a great margin in value terms. The firm was involved in seven $100m+ deals.”

The Bank of Nova Scotia occupied the second position by value with six deals worth US$2.7 billion, followed by National Bank of Canada with three deals worth US$2.5 billion and JP Morgan with six deals worth US$2.3 billion.

Canaccord Genuity Group occupied the second position by volume with 11 deals worth US$700 million, followed by RBC Capital Markets with seven deals worth US$1.2 billion.

“Mining has remained a key sector for Canada’s economy, and it is no surprise that the top three advisers by value and volume are also Canadian firms,” Bose noted.

— This fast news item first appeared in MINING.com, part of Glacier Resource Innovation Group.