Financial advisers JP Morgan and Goldman Sachs emerged as the top mergers and acquisitions (M&A) financial advisers in North America in H1 of 2020, based on deal value and volume, respectively, according to GlobalData, a leading data and analytics company.
JP Morgan secured the top position through two megadeals worth >$10bn. Goldman Sachs, in contrast, was not involved in any mega deals announced during first half.
JP Morgan advised on 58 deals valued at $95.4bn, which was the highest among all advisers.
Morgan Stanley took the second position by value with 44 deals valued at $75.7bn. Goldman Sachs, which took the lead in terms of volume for having advised on 68 deals worth $73.8bn during the first half, took the third position by value.
JP Morgan bagged the second position by volume followed by Evercore with 53 deals worth $37.9bn.
GlobalData financial deals analyst Aurojyoti Bose said: “Goldman Sachs, despite leading by volume and advising on 22 deals worth greater than or equal to US$1bn, lost the top position by value to JP Morgan, which advised on 19.
“The number of deals announced in North America decreased by 25.3% from 14,462 in H1 2019 to 10,804 in H1 2020, according to GlobalData’s Financial Deals Database. Deal value decreased by 60.1% from US$998bn in H1 2019 to US$398.3bn in H1 2020. The subdued deal activity could be attributed to volatile market conditions due to COVID-19 outbreak.”
JP Morgan took the second position by value in the recently released global league table of top 20 M&A financial advisers by GlobalData. In this ranking, Goldman Sachs occupied second position by volume.