BMO led all mining M&A financial advisers in deal value during H1 2023 — report

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UK-based consulting firm GlobalData has announced their latest legal and financial adviser league tables, based on the total value and volume of merger and acquisition (M&A) deals they advised on in metals & mining sector in the first half of 2023.

Weil, Gotshal & Manges and Fasken Martineau DuMoulin were the top M&A legal advisers in the metals & mining sector during H1 2023 by value and volume, respectively, according to GlobalData’s latest Legal advisers league table.

An analysis of GlobalData’s financial deals database reveals that Weil, Gotshal & Manges achieved its leading position in terms of value by advising on $20.4 billion worth of deals. Meanwhile, Fasken Martineau DuMoulin led in terms of volume by advising on a total of 12 deals.

“Fasken Martineau DuMoulin was among the only two firms with double-digit deal volume in H1 2023. However, despite leading by volume, it lagged in terms of value and did not feature among the top 10 by value,” said Aurojyoti Bose, lead analyst at GlobalData.

“Meanwhile, Weil, Gotshal & Manges, despite advising on less than half the number of deals advised by Fasken Martineau DuMoulin, managed to top the chart by value due to involvement in big-tickets. Weil, Gotshal & Manges advised on a $19 billion deal, which helped it lead by value,” Bose said.

Herbert Smith Freehills and White & Case jointly occupied the second position in terms of value, by advising on $19.1 billion worth of deals each.

Meanwhile, Cassels Brock & Blackwell occupied the second position in terms of volume with 10 deals, followed by Allens with six deals, Bennett Jones with five deals, and Weil, Gotshal & Manges with four deals.

Financial advisers

BMO Capital Markets and Canaccord Genuity Group were the top M&A financial advisers in the metals & mining sector during H1 2023 by value and volume, respectively, according to GlobalData’s latest financial advisers league table.

An analysis of GlobalData’s financial deals database reveals that BMO Capital Markets achieved its leading position in terms of value by advising on $37 billion worth of deals. Meanwhile, Canaccord Genuity Group led in terms of volume by advising on a total of seven deals.

“BMO Capital Markets advised on four deals out of which two deals were valued more than $15 billion. The involvement in these mega deals helped it top the chart by value in H1 2023. Interestingly, BMO Capital Markets occupied the top position by volume as well in H1 2022 but lost it to Canaccord Genuity Group in H1 2023,” Bose said.

BMO Capital Markets occupied the second position in terms of volume with four deals, followed by Red Cloud Securities Inc with four deals, Haywood Securities with four deals and Allenby Capital with three deals.

Meanwhile, Lazard occupied the second position in terms of value, by advising on $20 billion worth of deals, followed by Bank of America with $19.6 billion while Centerview Partners and JP Morgan jointly occupied the fourth position with $19.1 billion each.