30 Jul 2020
 McCarthy Tetrault was top M&A legal adviser by value and volume in global metals and mining sector in H1 2020 Posted in Business Fundamentals

McCarthy Tetrault was the top legal adviser for mergers and acquisitions (M&A) deals in the global metals and mining sector by deal value and volume in the first half (H1) of 2020, having advised on seven deals worth US$3.5bn, according to GlobalData, a leading data and analytics company.

Aurojyoti Bose, Financial Deals Analyst at GlobalData, comments: 'McCarthy Tetrault advised on six US$100m+ deals including one billion-dollar deal worth greater than or equal to US$1bn, which helped the firm secure the top spot.'

Bennett Jones occupied second position by value with six deals worth US$2.3bn, followed by Stikeman Elliott with four deals worth US$2.2bn. Blake Cassels & Graydon occupied second position by volume with seven deals worth US$436.1m, followed by Bennett Jones.

Bose continues: 'Both McCarthy Tetrault and Blake Cassels & Graydon advised on seven deals each but, surprisingly, Blake Cassels & Graydon did not feature among the top ten advisers by value.'

The number of deals announced in the metals and mining sector increased by 6.5% from 690 in H1 2019 to 735 in H1 2020, according to GlobalData's Financial Deals Database. However, deal value decreased by 36.8% from US$29.7bn in H1 2019 to US$18.8bn in H1 2020.

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GlobalData plc published this content on 30 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 July 2020 15:55:08 UTC