JP Morgan, UBS led all mining M&A financial advisers by deal value in Q1 - report

JP Morgan and UBS were the top mergers and acquisitions (M&A) financial advisers by total deal value in the metals & mining sector during the first quarter of 2024, according to UK-based analytics firm GlobalData.The two banks jointly occupied the top position in GlobalData’s latest financial advisers league table (see below), with each of them advising on $2.2 billion worth of deals.Aurojyoti Bose, lead analyst at GlobalData, said their involvement in the $2.2 billion Alcoa-Alumina M&A deal helped these two firms top the chart by value.They were followed by Bank of America with $1.7 billion, while Goldman Sachs and Jefferies jointly occupied the fourth position, each at $970 million.In terms of deal volume, three groups tied for first place with two deals each, but Eight Capital led the way in their total value at $272 million.Grant Samuel Group and RBC Capital Markets also advised on two deals, with total values of $178 million and $60 million respectively.GlobalData also tabled the top M&A legal advisers in mining last quarter, with Davis Polk & Wardwell and Cassels Brock & Blackwell leading the sector by value and volume, respectively. Davis Polk & Wardwell advised on $2.2 billion worth of deals, while Cassels Brock & Blackwell advised on a total of four deals.“Despite a decline in number of deals advised by it in Q1 2024 compared to Q1 2023, Cassels Brock & Blackwell led by volume. In fact, its ranking by volume improved from second position in Q1 2023 to the top position in Q1 2024,” said Bose.Weiter zum vollständigen Artikel bei Mining.com Zum vollständigen Artikel