Goldman Sachs has topped the latest mergers and acquisitions (M&A) league table of the top ten financial advisers in the financial services sector in 2019, according to GlobalData.
The US-based multinational investment bank secured the top spot with 48 deals worth $188.8bn.
It figured in the first position in the GlobalData’s global league table of top 20 M&A financial advisers for 2019.
GlobalData has published a top ten of financial advisers ranked according to the value of announced M&A deals globally. If value remains the same for multiple advisers, deal volume is given weightage.
Morgan Stanley and JP Morgan came in second and third positions, advising on deals worth a total of $143.8bn and $112.3bn, respectively.
Ravi Tokala, Financial Deals Analyst at GlobalData, says: “The financial services sector recorded six megadeals (>US$10bn) and ~70 deals with more than US$1bn value. This resulted in over 10% jump in the year-on-year overall deal value in 2019. Five financial advisers and one legal adviser were able to cross the US$100bn mark. Goldman Sachs emerged as the top financial adviser in the sector, mainly driven by its involvement in five out of six megadeals recorded.”
Double digit percentage increase in financial services deal value
The financial services sector saw an increase of 10.21% in deal value from $389.8bn in 2018 to $429.7bn in Q1-Q3 2019. Deal volume grew by 24.27% from 3,676 to 4,568.
US-based Wachtell, Lipton, Rosen & Katz led the top ten legal advisers table for 2019 with a value of $123.2bn through 24 deals. Fried, Frank, Harris, Shriver & Jacobson stood at second place with $95.1bn through 15 deals. In the global league table of top 20 M&A legal advisers, Wachtell, Lipton, Rosen & Katz was ranked first.
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 also seeks submissions from leading advisers, through adviser submission forms on GlobalData’s website
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