The US-based financial services group led the competition by deal value, with five deals worth US$12.5 billion, including the industry’s highest value deal – Barrick Gold’s proposed acquisition of Randgold Resources for US$6 billion.
According to GlobalData, which uses its tracking of all merger and acquisition, private equity/venture capital and asset transaction activity around the world to compile the league table, CIBC stood at the second position with two transactions worth US$6.1 billion, followed by Credit Suisse with three deals values at US$6 billion. Barclays and M. Klein and Company shared the fourth place by advising on the Barrick Gold-Randgold deal in common.
Global metals and mining deals market 3Q18
The metals and mining sector saw a number of high value deals during 3Q18 when compared to the corresponding quarter the previous year. The overall value surged significantly by 272.5% to US$36.88 billion in 3Q18 from US$9.9 billion in 3Q17. On the contrary, volumes decreased by 10.9% from 346 to 308 during the review period.