GlobalData has announced the latest updates to its Financial and Legal Adviser League Tables, which rank advisers in these categories by the total value and volume of merger and acquisition (M&A) deals they advised on during Q1-Q3 2022.
Paul, Weiss, Rifkind, Wharton & Garrison and Fasken Martineau DuMoulin were the top M&A legal advisers in the metals & mining sector by deal value and deal volume, respectively, according to GlobalData.
Based on its financial deals database, the data analytics firm revealed that Paul Weiss achieved its leading position by deal value by advising on $9.8 billion worth of deals. Meanwhile, Fasken led by deal volume by advising on a total of 15 deals.
“As well as coming top of the chart when it comes to total deals advised, Fasken also performed well on the deal value ranking. Of its total 15 deals, six were valued more than $100 million, one of which was valued more than $5 billion,” Aurojyoti Bose, lead analyst at GlobalData, said. “As a result, Fasken managed to occupy second position by value. However, it still had some way to go in comparison with Paul Weiss, which had a total deal value just shy of the $10 billion mark.”
Bank of America and BMO Capital Markets were declared as the top M&A financial advisers in the metals & mining sector for Q1-Q3 2022 by value and volume, respectively.
According to GlobalData’s analysis, Bank of America achieved its leading position by value by advising on $7.8 billion worth of deals, while BMO Capital Markets led by volume by advising on a total of eight deals.
“BMO Capital Markets has suffered a huge setback compared to Q1-Q3 2021 when it occupied the top spot by both volume and value. The company may have still clung to first place by deal volume, despite having registered a 33.3% decline, but it had to settle for fifth place by value. Meanwhile, Bank of America’s position in terms of value has jumped from fifth position in Q1-Q3 2021 to the top position in Q1-Q3 2022,” Bose explained.
According to GlobalData’s report, a total of 975 M&A deals worth $45.8 billion were announced in the sector during the Q1-Q3 period of 2022.
Click here to see the entire report.
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