JP Morgan, UBS top M&A financial advisers by value while Eight Capital leads by volume in metals and mining sector during Q1 2024, reveals GlobalData

23 Apr, 2024 JP Morgan, UBS top M&A financial advisers by value while Eight Capital leads by volume in metals and mining sector during Q1 2024, reveals GlobalData

Posted in Business Fundamentals

JP Morgan and UBS were the top mergers and acquisitions (M&A) financial advisers by value while Eight Capital was the top adviser by volume in the metals & mining sector during the first quarter (Q1) of 2024, according to the latest financial advisers league table by GlobalData, a leading data and analytics company.

An analysis of GlobalData's Deals Database revealed that JP Morgan and UBS jointly occupied the top position in terms of value, with each of them advising on $2.2 billion worth of deals. Meanwhile, Eight Capital led in terms of volume by advising on a total of two deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: "Eight Capital, apart from leading by volume in Q1 2024, also occupied the ninth position by value. Meanwhile, JP Morgan and UBS managed to top by value by advising on one deal. The involvement in $2.2 billion Alcoa-Alumina M&A deal helped these two firms top the chart by value."

JP Morgan and UBS were followed by Bank of America with $1.7 billion while Goldman Sachs and Jefferies jointly occupied the fourth position by value with each of them advising on a deal worth $970 million.

Meanwhile, Grant Samuel Group occupied the second position in terms of volume with two deals, followed by RBC Capital Markets with two deals. JP Morgan and UBS jointly occupied the fourth position by volume with one deal.