Goldman Sachs was the leading financial adviser globally for mergers and acquisitions in the first half of 2019, according to GlobalData.
The American bank advised on 156 deals worth $691.9bn (down 2.1% year on year) in H1 2019, including the period’s two major deals – United Technologies’ acquisition of Raytheon for $88.4bn and Saudi Aramco’s acquisition of 70% stake in SABIC.
GlobalData has published a top 20 league table of financial advisers ranked according to the value of announced M&A deals globally.
JP Morgan took second place with a total deal value of $659.8bn (down 6.3% year-on-year) from 144 deals it advised on during the period. The American bank bagged the top spot in GlobalData’s Q1 2019 rankings, having advised on $331.9bn worth of deals.
In third position was Morgan Stanley, which worked on 121 deals in H1 2019 as against 159 in H1 2018.
Citi and Evercore Partners secured fourth and fifth positions, having worked on 107 deals worth $491.6bn (up 0.1%) and 103 deals worth $422.3bn (up 39.8%), respectively.
Goldman Sachs and Rothschild & Co led the chart in terms of volume, advising 156 deals and 149 deals, respectively in H1 2019. JP Morgan secured third position with 144 deals followed by Morgan Stanley with 121.
Ravi Tokala, financial deals analyst at GlobalData, said: “Goldman Sachs led the chart in terms of volume and value. It was involved in seven deals out of top ten transactions by deal value in H1 2019. The top three firms – Goldman Sachs, JP Morgan and Morgan Stanley managed to cross the US$500bn deal value mark in H1 2019.”
In H1 2019, 28,131 deals were recorded globally, marking a 32.69% increase from H1 2018, and a 15.93% growth from H2 2018.
To ensure further robustness to the data, the company also seeks submissions from leading advisers, through adviser submission forms on GlobalData’s website