Goldman Sachs was the leading financial adviser globally for mergers and acquisitions in the first three quarters (Q1-Q3) of 2019, according to GlobalData.
The American bank advised on 249 deals worth $982.3bn (up 11.29% year on year) in Q1-Q3 2019, including the big ticket deal of United Technologies’ acquisition of Raytheon.
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 $777.9bn (down 10.83% year-on-year) from 211 deals it advised on during the period. The American bank bagged the second position in GlobalData’s H1 2019 rankings, having advised on $659.8bn worth of deals.
In third position was Morgan Stanley, which worked on 182 deals in Q1-Q3 2019 as against 233 in Q1-Q3 2018.
Citi and Evercore secured fourth and fifth positions, having worked on 154 deals worth $575.6bn (down 14.12%) and 137 deals worth $573.6bn (up 66.45%), respectively.
Goldman Sachs and Rothschild & Co led the chart in terms of volume, advising 249 deals and 245 deals, respectively in the first three quarters of 2019. JP Morgan secured third position with 211 deals followed by Lazard with 194.
Ravi Tokala, financial deals analyst at GlobalData, said: “The megadeals (>$ 10bn) were instrumental in deciding the top spots for the financial adviser league table. Among the 30 megadeals recorded, the top three advisers Goldman Sachs, JP Morgan and Morgan Stanley advised 22, 15 and 13 deals, respectively.
“Despite advising on the second highest number of deals, Rothschild & Co settled at 17th rank due to its involvement in only two megadeals and low-value transactions”.
In the first three quarters of 2019, 43,111 deals were recorded globally, marking a 29.06% increase from the first three quarters of 2018.
To ensure further robustness to the data, the company also seeks submissions from leading advisers, through adviser submission forms on GlobalData’s website