Bank of America and RBC Capital Markets emerged as the top mergers and acquisitions (M&A) financial advisers in the metals and mining sector in the first half (H1) of 2024, according to GlobalData’s latest financial advisers league table.
The analysis of the database of GlobalData, a leading data and analytics company and the parent of Mining Technology, revealed that Bank of America led the value ranking by advising on deals worth $5.4bn.
Lazard followed, with deals amounting to $3.8bn. JP Morgan advised on $2.4bn worth of transactions.
UBS and Piper Sandler completed the top five, advising on $2.2bn and $1.9bn in deals respectively.
RBC Capital Markets advised on six deals, outperforming by volume Cormark Securities and BMO Capital Markets, both of which advised on four deals each.
Macquarie and Argonaut PCF followed, each offering advice on three deals.
GlobalData lead analyst Aurojyoti Bose stated: “RBC Capital Markets registered a massive jump in its ranking by volume in H1 2024 compared to H1 2023.
“It went ahead from 43rd position by volume in H1 2023 to top the chart by this metric in H1 2024. Apart from leading by volume, RBC Capital Markets also occupied the eighth position by value during H1 2024.
“Meanwhile, Bank of America, apart from leading by value, also occupied seventh position by volume in H1 2024. Despite a year-on-year decline in the total value of deals advised, Bank of America’s ranking in terms of value improved from the third position in H1 2023 to the top spot in H1 2024.”
GlobalData’s league tables are based on the real-time tracking of thousands of company websites, advisory firm websites and other reliable sources available on the secondary domain. A dedicated team of analysts monitors all these sources to gather in-depth details for each deal, including adviser names.
To ensure further robustness to the data, the company also seeks submissions of deals from leading advisers.
