Goldman Sachs and Macquarie have emerged as the top financial advisors for mergers and acquisitions (M&A) in the metals and mining sector for 2024, in terms of value and volume, respectively, according to the data and mining company’s latest rankings. GlobalData analysis.
An analysis of GlobalData’s deal database shows that Goldman Sachs secured the top spot in terms of value, advising on deals worth $13.3 billion. In contrast, Macquarie leads in terms of volume, advising on 11 transactions in total.
Aurojyoti Bose, principal analyst at GlobalData, said: “Many of the top ten value advisors saw a massive double-digit decline in the total value of deals they advised on in 2024 compared to 2023. In fact , Goldman Sachs recorded a year-over-year decline. by 46.9% in value but still managed to occupy first place.
“Three of the five deals advised by Goldman Sachs during the year were billion-dollar deals, putting it in first place in terms of value. It’s also worth noting that the average value of these three transactions was greater than $4 billion.
“In contrast, most of the top ten advisors by volume saw growth in the number of deals advised in 2024 compared to 2023. Macquarie also saw growth as well as an improvement in its ranking. It rose from fifth position by volume in 2023 to leading the rankings by this measure in 2024.”
BMO Capital Markets ranked second by value, advising on transactions worth $12.3 billion, followed closely by JP Morgan with $12.2 billion, Gordon Dyal & Co. Advisory Group with $10.4 billion and Bank of America with $10.2 billion.
In terms of deal volume, BMO Capital Markets also ranks second with ten deals, tied with Royal Bank of Canada, while Cormark Securities advised on eight deals and Moelis & Company seven.
GlobalData’s rankings are based on real-time monitoring of thousands of business websites, consulting company websites, and other trusted sources available on the secondary domain. A dedicated team of analysts monitors all of these sources to collect detailed details on each transaction, including advisor names.
To ensure greater data robustness, the company also solicits tender submissions with key advisors.
“Goldman Sachs and Macquarie will be the best financial advisors for M&A in the metals and mining sector in 2024” was originally created and published by Mining technologya brand owned by GlobalData.
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