Goldman Sachs and Macquarie top M&A financial advisers in metals and mining sector in 2024

Goldman Sachs and Macquarie have emerged as the top mergers and acquisitions (M&A) financial advisers in the metals and mining sector for 2024, in terms of value and volume, respectively, according to the latest league table by data and analytics company GlobalData.

An analysis of GlobalData’s Deals Database shows that Goldman Sachs secured the top spot by value, advising on $13.3bn worth of deals. In contrast, Macquarie led by volume, advising on 11 transactions in total.

GlobalData lead analyst Aurojyoti Bose said: “Many among the top ten advisers by value experienced massive double-digit decline in the total value of deals advised by them in 2024 compared to 2023. In fact, Goldman Sachs registered a year-on-year decline of 46.9% in value but despite that it managed to occupy the top spot.

"Three of the five deals advised by Goldman Sachs during the year were billion-dollar deals and these helped it secure the top spot by value. It is also noteworthy that the average value of these three deals was more than $4bn.

“In contrast, most of the top ten advisers by volume registered growth in the number of deals advised by them in 2024 compared to 2023. Macquarie also registered growth as well as an improvement in its ranking. 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 in terms of value, advising on $12.3bn worth 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.

In terms of 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 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.

"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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