February 15, 2019updated 22 Feb 2019 2:24pm

Top ten ICT sector M&A financial and legal advisers for 2018 revealed

JP Morgan held the top rank in the latest M&A league table of the top ten financial advisers for the information and communication technology (ICT) sector for FY2018, compiled by GlobalData.

The New York-based financial institution took the top spot with a total advised deal value of $236.4bn for advising on 62 deals—the second highest volume of deals in the sector in 2018.

Morgan Stanley and Goldman Sachs stood second and third, advising on deals worth a total of $232.8bn and $206.9bn, respectively.

Prakhar Baghmar, Financial Deals Analyst at GlobalData, said: “The growing influence of technology was reflected in about a 70% jump in the total deal value in the ICT sector in 2018 as compared with 2017. Significant deal activity also pushed deal values for advisers, with six financial advisers and three legal advisers being involved in more than $100bn of deals each.”

The ICT sector witnessed a surge of 70% in total value of annnounced deals from $400.9bn in 2017 to $679.1bn in 2018. The number of tracked deals rose by 31% from 10,302 in 2017 to 13,508 in 2018.

JP Morgan, which topped the ICT Deals league table, occupied second position in the global league table of top 20 M&A financial advisers released by GlobalData recently.

Goldman Sachs, which is placed third in the ICT Deals league table, ranked first in the global list.

US-based law firm Skadden Arps Slate Meagher & Flom led the top ten legal advisers table for FY2018 with a value of $141.8bn. Despite advising on the highest number of deals at 77, Goodwin Procter occupied tenth position with a value of $81.4bn. Skadden Arps Slate Meagher & Flom also topped the global league table of top 20 legal advisers for FY2018.

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.

The company also seeks submissions through adviser submission forms on GlobalData, which allow both legal and financial advisers to submit their deal details.

 

Verdict deals analysis methodology

This analysis considers only announced and completed cross border deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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