Mining M&A deals top $13 billion in Q1— report

Bay Street. Image from Wikimedia Commons.

According to GlobalData, a UK-based data and analytics company, a total of 374 mergers and acquisitions (M&A) deals were announced in the mining sector during Q1 2021. Total deal value for the sector reached $13 billion for the quarter, an 8.3% increase on the $12 billion recorded in Q1 2020.

In Q1 2021, TD Securities was the top M&A financial adviser in the sector by volume, while Goldman Sachs and Perella Weinberg Partners jointly held the top position by value. Both Goldman Sachs and Perella Weinberg Partners advised on one deal each worth $1.7 billion, which was the highest value among all the advisers.

“Goldman Sachs, Perella Weinberg Partners and TD Securities were the only three advisors to cross the $1 billion mark in total value. While Goldman Sachs and Perella Weinberg Partners managed to advise on billion-dollar deal and went ahead to lead by value, TD Securities, though not able to advise on any billion-dollar deal, managed to occupy the next position by value apart from leading by volume,” says Aurojyoti Bose, lead analyst at GlobalData.

TD Securities also occupied the third position in terms of value, followed by JP Morgan with one deal worth $809 million, BMO Capital Markets with two deals worth $614 million and CIBC Capital Markets with two deals worth $535 million.

Canaccord Genuity Group occupied the second position by volume with three deals worth $459 million. BMO Capital Markets and CIBC Capital Markets occupied the third and fourth position by volume, respectively.