BMO Capital Markets has emerged as the top financial adviser for mergers and acquisitions (M&A) by both value and volume in the metals & mining sector for H1 2021, having advised on 10 deals worth US$2.3bn. A total of 755 M&A deals were announced in the sector during H1 2021, according to GlobalData, a leading data and analytics company.

According to GlobalData’s report, ‘Global and Metal & Mining M&A Report Financial Adviser League Tables H1 2021’, deal value for the sector increased by 18.2% from US$22bn in H1 2020 to US$26bn in H1 2021.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “BMO Capital Markets was the clear winner as the distinction compared to its peers was significant both in terms of volume as well as value. The firm was the only financial advisor that managed to showcase double-digit deal volume. Interestingly, it was also the only firm with deal value crossing US$2bn.”

Standard Chartered Bank occupied the second position in terms of value with two deals worth US$1.9bn, followed by Goldman Sachs with four deals worth US$1.8bn, Perella Weinberg Partners with one deal worth US$1.7bn and Canaccord Genuity Group with six deals worth US$1.7bn.

Canaccord Genuity Group and Goldman Sachs occupied the second and third positions by volume, respectively, followed by Haywood Securities with four deals worth US$119m and TD Securities with three deals worth US$1.2bn.