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BMO Capital Markets and Canaccord Genuity Group have emerged as the leading financial advisers for mergers and acquisitions (M&A) in the metals and mining sector in 2023 by deal value and volume, respectively, according to GlobalData’s latest financial advisers league table.
An analysis of the firm’s database reveals that BMO Capital Markets advised on transactions worth a total of $27.4 billion, positioning it at the forefront of significant industry consolidations. Canaccord Genuity Group advised on 15 deals throughout the year, leading the sector in terms of deal volume.
“Canaccord Genuity Group registered significant growth in the volume of deals advised and ranking by this metric in 2023 compared with the previous year,” GlobalData lead analyst Aurojyoti Bose said.
“In fact, it was the only adviser to hit the double-digit deal volume in 2023.”
BMO Capital Markets secured joint second place by deal volume with nine transactions, with Allenby Capital matching this volume with nine deals of its own. Macquarie followed closely with seven deals and Rothschild & Co with six.
“BMO Capital Markets was the top adviser by value in 2022 and managed to retain its leadership position in 2023 as well. The total value of deals advised by it jumped by more than double-fold in 2023 compared with 2022,” Bose added.
Goldman Sachs took second spot in this metric, advising on deals amounting to $25 billion. Bank of America was not far behind with advisory deals totalling $22.6 billion. Barclays and Lazard also featured prominently, advising on deals worth $21.8 billion and $20.3 billion respectively.
