Goldman Sachs and Macquarie have emerged as the highest mergers and acquisitions (M&A) financial advisers within the metals and mining sector for 2024, when it comes to value and volume, respectively, in line with the newest league table by data and analytics company GlobalData.
An evaluation of GlobalData’s Deals Database shows that Goldman Sachs secured the highest spot by value, advising on $13.3bn price of deals. In contrast, Macquarie led by volume, advising on 11 transactions in total.
GlobalData lead analyst Aurojyoti Bose said: “Many among the many top ten advisers by value experienced massive double-digit decline in the entire value of deals advised by them in 2024 in comparison with 2023. In truth, Goldman Sachs registered a year-on-year decline of 46.9% in value but despite that it managed to occupy the highest spot.
“Three of the five deals advised by Goldman Sachs throughout the 12 months were billion-dollar deals and these helped it secure the highest spot by value. It is usually noteworthy that the common value of those three deals was greater than $4bn.
“In contrast, a lot of the top ten advisers by volume registered growth within the variety of deals advised by them in 2024 in comparison with 2023. Macquarie also registered growth in addition to an improvement in its rating. It went ahead from occupying the fifth position by volume in 2023 to top the chart by this metric in 2024.”
BMO Capital Markets ranked second when it comes to value, advising on $12.3bn price of deals, closely followed by JP Morgan at $12.2bn, Gordon Dyal & Co. Advisory Group with $10.4bn and Bank of America at $10.2bn.
When it comes to deal volume, BMO Capital Markets also held the second spot with ten transactions, tied with Royal Bank of Canada, while Cormark Securities advised on eight deals and Moelis & Company seven.
GlobalData’s league tables are based on the real-time tracking of 1000’s of company web sites, advisory firm web sites and other reliable sources available on the secondary domain. A dedicated team of analysts monitors all these sources to assemble in-depth details for every deal, including adviser names.
To make sure further robustness to the info, the corporate also seeks submissions of deals from leading advisers.
“Goldman Sachs and Macquarie top M&A financial advisers in metals and mining sector in 2024” was originally created and published by Mining Technology, a GlobalData owned brand.
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