374 mergers and acquisitions (M&A) deals were announced in the metals and mining sector during Q1 2021, according to a new report by GlobalData. Deal value for the sector also rose by 8.3 per cent from US$12 billion in Q1 2020 to US$13 billion in Q1 2021.
In its latest report, GlobalData outlines that TD Securities were the top M&A financial adviser in the sector for Q1 2021 by volume, while Goldman Sachs and Perella Weinberg Partners jointly held the top position by value.
Both Goldman Sachs and Perella Weinberg Partners advised on one deal each worth US$1.7 billion, which was the highest value among all the advisers.
Meanwhile, TD Securities led in volume terms having advised on three deals worth US$1.2 billion.
Lead Analyst at GlobalData, Aurojyoti Bose, said: “Goldman Sachs, Perella Weinberg Partners and TD Securities were the only three advisors to cross the US$1 billion mark in total value.”
“While Goldman Sachs and Perella Weinberg Partners managed to advise on billion-dollar deal and went ahead to lead by value, TD Securities, though not able to advise on any billion-dollar deal, managed to occupy the next position by value apart from leading by volume.”
TD Securities also occupied the third position in terms of value followed by JP Morgan with one deal worth US$809 million, BMO Capital Markets with two deals worth US$614 million and CIBC Capital Markets with two deals worth US$535 million.
Canaccord Genuity Group occupied the second position by volume with three deals worth US$459 million. BMO Capital Markets and CIBC Capital Markets occupied the third and fourth position by volume, respectively.
Read the full report: ‘Global and Metal & Mining M&A Report Financial Adviser League Tables Q1 2021’.