Morgan Stanley and Ernst & Young (EY) were the top mergers and acquisitions (M&A) financial advisers in the global information and communications technology (ICT) sector in the first half (H1) of 2020, based on deal value and volume, respectively, according to GlobalData.
Morgan Stanley advised on 30 deals worth $39.6bn, which was the highest among all the advisers. EY led in volume terms having advised on 39 deals worth $2.1bn.
GlobalData has published a top ten league table of financial advisers ranked according to the value of announced M&A deals globally. If the value remains the same for multiple advisers, the deal volume is given weightage.
GlobalData financial deals analyst Aurojyoti Bose said: “EY, Goldman Sachs and Morgan Stanley were the only three firms to advise on 30 or more deals. However, there was a wide disparity in deal value among these three firms with Morgan Stanley topping the chart by value and Goldman Sachs securing fourth position, while EY did not feature among the top ten advisers by value.
“The average deal size of transactions advised by Morgan Stanley and Goldman Sachs were $1.3bn and $1bn, respectively, while it was just $53.9m for EY.”
JP Morgan stood at the second place by value with 22 deals worth $35.9bn followed by Citi with 11 deals worth $33.5bn.
Goldman Sachs occupied the second position by volume with 33 deals worth $33.1bn followed by Morgan Stanley.
The number of deals announced in the global ICT sector declined by 7.3% from 9,804 in H1 2019 to 9,084 in H1 2020. Deal value decreased by 31.3% from $355bn to $243.8bn.
Morgan Stanley, which topped the ICT sector deals league table by value, stood at third position by value in the GlobalData’s global league table of top 20 M&A financial advisers.
EY, which topped the ICT sector league table by volume, also stood at first position in the global league table by volume.
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.