Goldman Sachs and Macquarie have emerged as the top mergers and acquisitions (M&A) financial advisors in the metals and mining sector for 2024, by value and volume, respectively, according to the latest league table from data and analytics firm GlobalData.
An analysis of GlobalData’s deal database shows that Goldman Sachs took the top spot by value, advising on deals worth $13.3 billion. In contrast, Macquarie was the leader in terms of volume, advising on 11 deals in total.
“Many of the top 10 most valuable advisors saw a massive double-digit decline in the total value of deals they advised in 2024 compared to 2023,” said GlobalData principal analyst Aurojyoti Bose. “In fact, Goldman Sachs posted a year-on-year decline of 46.9%.” % in terms of value, but despite that, it managed to occupy first place.
“Three of the five deals that Goldman Sachs advised on during the year were $1 billion deals, and these deals helped it achieve the top spot in terms of value. It is also worth noting that the average value of these three deals was more than $4 billion.
“In contrast, most of the top 10 advisors by volume recorded growth in the number of deals they delivered in 2024 compared to 2023. Macquarie also recorded growth as well as an improvement in its ranking. It moved up from fifth place by volume in 2023 to top the chart On this scale in 2024.
BMO Capital Markets ranked second in value, advising on deals worth $12.3 billion, closely followed by JP Morgan with $12.2 billion, Gordon Dial & Co. Advisory Group with $10.4 billion, and Bank of America with $10.2 billion.
In terms of deal volume, BMO Capital Markets also placed second with ten deals, tied with Royal Bank of Canada, while Cormark Securities advised on eight deals and Moelis & Company seven.
GlobalData’s ranking tables are based on real-time tracking of thousands of corporate websites, consulting firm websites, and other trusted sources available on the secondary domain. A dedicated team of analysts monitors all of these sources to gather in-depth details about each deal, including the names of advisors.
To ensure greater data durability, the company has also Seeks to offer deals One of the senior advisors.
“Goldman Sachs & Macquarie Top Financial Advisors for Metals and Mining Mergers and Acquisitions in 2024” was originally created and published by Mining technologywhich is a trademark of GlobalData.
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