This represents a 24.2% increase over the 993 deals announced during the same nine-month period in 2019. However, deal value decreased by 40.1% from $46 billion in Q1–Q3 2019 to $27 billion in Q1–Q3 2020.
In GlobalData’s ranking, BMO Capital Markets gained top spot in terms of deal value and volume by advising on 12 deals worth $4 billion. (Click to see full rankings)
“Of the top 10 advisors by value, BMO Capital Markets was the only adviser to have double-digit deal volume. The firm’s involvement in big-ticket deals also helped it to outpace its peers by a great margin in value terms. The firm was involved in seven $100m+ deals,” Aurojyoti Bose, lead analyst at GlobalData, commented.
The Bank of Nova Scotia occupied the second position by value with six deals worth $2.7 billion, followed by National Bank of Canada with three deals worth $2.5 billion and JP Morgan with six deals worth $2.3 billion.
Canaccord Genuity Group occupied the second position by volume with 11 deals worth $700 million, followed by RBC Capital Markets with seven deals worth $1.2 billion.
“Mining has remained a key sector for Canada’s economy and it is no surprise that the top three advisers by value and volume are also Canadian firms,” Bose noted.
Top metals & mining M&A deals
| Announced date | Deal type | Acquirer | Target | Value ($bn) | Target country |
| May 12, 2020 | Acquisition | Vedanta Resources | Vedanta | 2.1 | India |
| February 3, 2020 | Asset transaction | Stone Canyon Industries | Business -Kissner Group | 2.0 | Canada |
| May 11, 2020 | Merger | SSR Mining | Alacer Gold | 1.8 | Canada; United States |
| March 16, 2020 | Private equity | Waterton Global Resource Management | HudBay Minerals | 1.5 | Canada |
| September 28, 2020 | Merger | Cleveland-Cliffs | ArcelorMittal USA | 1.4 | United States |
