GlobalData, a leading data and analytics company, has revealed its league tables for top 10 financial and legal advisers by value and volume in technology, media and telecom (TMT) sector for H1 2022.
A total of 5,864 merger and acquisition (M&A) deals worth $603.3bn were announced in the sector during H1 2022.
Top financial advisers by value and volume
According to GlobalData’s ‘Global and Technology, Media & Telecom M&A Report Financial Adviser League Tables H1 2022’, Goldman Sachs has emerged as the top M&A financial adviser in the TMT sector for H1 2022 by both value and volume.
It achieved this top ranking by advising on 52 M&A deals worth $302bn.
GlobalData lead analyst Aurojyoti Bose said: “Goldman Sachs faced some competition in terms of deal volume, but no other adviser came close when it came to deal value. The firm managed to advise on nine mega deals*, which included two deals valued more than $50 billion. As a result, Goldman Sachs emerged as the only adviser with more than $300 billion in total deal value.”
According to the financial deals database of GlobalData, the other high rankers by value include JP Morgan took the second place by advising on $173.2bn worth of deals; followed by Morgan Stanley, with $171.6bn; Barclays, with $140bn; and Bank of America, with $135.5bn.
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In terms of volume, Houlihan Lokey took the second spot with 52 deals; followed by PwC, with 37 deals; JP Morgan, with 36 deals; and Ernst & Young, with 36 deals.
Top legal advisers by value and volume
Simpson Thacher & Bartlett and Kirkland & Ellis emerged as the top M&A legal advisers in the sector for H1 2022 by value and volume, respectively.
Simpson Thacher & Bartlett achieved advised on $209.5bn worth of M&A deals, while Kirkland & Ellis advised on a total of 130 deals, according to GlobalData’s ‘Global and Technology, Media & Telecom M&A Report Legal Adviser League Tables H1 2022’.
Bose said: “Simpson Thacher & Bartlett and Kirkland & Ellis were the clear winners, outpacing their peers by a significant margin. While Simpson Thacher & Bartlett was the only firm to surpass $200 billion in total deal value, Kirkland & Ellis was the only firm to register triple-digit deal volume. Moreover, Kirkland & Ellis, apart from leading by volume, also occupied the tenth position by value.”
According to the financial deals database, the other high rankers by value include Skadden, Arps, Slate, Meagher & Flom that took second position by advising on $133.9bn worth of deals; followed by Wachtell Lipton Rosen & Katz, with $121.2bn; Sullivan & Cromwell, with $103.5bn; and Cleary Gottlieb Steen & Hamilton, with $89.8bn.
In terms of volume, Latham & Watkins secured the second position with 92 deals; followed by Willkie Farr & Gallagher, with 92 deals; CMS, with 73 deals; and Goodwin Procter, with 68 deals.
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.