BMO emerges as top mining M&A advisor for Q1–Q3

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 $46 billion in Q1–Q3 2019 to $27 billion in Q1–Q3 2020.

In GlobalData’s ranking, BMO Capital Markets gained top spot in terms of deal value and volume by advising on 12 deals worth $4 billion. (Click to see full rankings)

“Of the top 10 advisors by value, BMO Capital Markets was the only adviser to have double-digit deal volume. 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,” Aurojyoti Bose, lead analyst at GlobalData said.

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

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

Top metals & mining M&A deals