TD Securities and Evercore have emerged as the top mergers and acquisitions (M&A) financial advisers in the oil and gas (O&G) sector for the first quarter of 2025 (Q1 2025), according to GlobalData’s latest financial advisers league table.
TD Securities secured its leading position in terms of deal value, advising on transactions worth $10.4bn. Evercore, on the other hand, led the volume category with advisory roles in five deals.
GlobalData lead analyst Aurojyoti Bose said: “Evercore was the top adviser by volume in Q1 2024 and managed to retain its leadership position by this metric in Q1 2025 as well. Apart from leading by volume, Evercore also held the tenth position by value in Q1 2025.
“Meanwhile, TD Securities, which led by value in Q1 2025, was not even among the top ten during the same period in the previous year. During Q1 2025, the firm advised on only two deals, but one among them was the $10.4bn Whitecap Resources-Veren merger deal. This mega deal played a pivotal role for TD Securities in securing the top spot by value.”
Bank of Nova Scotia, BMO Capital Markets and National Bank of Canada shared the second spot for deal value, each advising on a $10.4bn deal.
RBC Capital Markets followed closely with $6.5bn worth of deals. In terms of deal volume, RBC Capital Markets took the second position with four deals, matching JP Morgan and Perella Weinberg Partners, which advised on four deals each.
GlobalData’s league tables are based on the real-time tracking of thousands of company websites, advisory firm websites and other reliable sources available on the secondary domain. A dedicated team of analysts monitors all these sources to gather in-depth details for each deal, including adviser names.
To ensure further robustness to the data, the company alsoseeks submissions of dealsfrom leading advisers.
