Goldman Sachs Leads GlobalData’s top 20 Global M&A Adviser for H1 2019
Traders Magazine Online News, July 24, 2019
Goldman Sachs has secured number one position in the latest global mergers and acquisitions (M&A) financial advisers’ league table based on deal value in the first half (H1) of 2019, according to GlobalData, a leading data and analytics company.
The American bank advised on 156 deals worth US$691.9bn, including two major deals–United Technologies’ acquisition of Raytheon for US$88.4bn and Saudi Aramco’s acquisition of 70% stake in SABIC, during the period.
According to GlobalData, which tracks all M&A, private equity/venture capital and asset transaction activity around the world to compile the league tables, JP Morgan stood at second place with a total deal value of US$659.8bn from 144 deals it advised on during the period. Third position was occupied by Morgan Stanley, which worked on 121 deals worth US$500.5bn in H1 2019.
In H1 2019, the top three firms witnessed a decline in year-on-year deal value–Goldman Sachs by 2.15%, JP Morgan by 6.30% and Morgan Stanley by 33.69%.
Citi and Evercore Partners secured fourth and fifth positions, having worked on 107 deals worth US$491.6bn and 103 deals worth US$422.3bn, respectively. In terms of growth in year-on-year deal value, Evercore Partners recorded a 39.89% increase while Citi remained flat at 0.12%.
Goldman Sachs and Rothschild & Co led the chart in terms of volume, advising on 156 and 149 deals, respectively in H1 2019. JP Morgan secured third position with 144 deals, followed by Morgan Stanley with 121.
Ravi Tokala, Financial Deals Analyst at GlobalData, comments: “Goldman Sachs led the chart in terms of volume and value. It was involved in seven deals out of top 10 transactions by deal value in H1 2019. The top three firms – Goldman Sachs, JP Morgan and Morgan Stanley managed to cross the US$500bn deal value mark in H1 2019.”
The overall year-on-year deal value declined by 10.55% to US$1987.4bn but witnessed a 19.43% increase from H2 2018.
In H1 2019, 28,131 deals were recorded globally, marking a 32.69% increase from H1 2018, and a 15.93% growth from H2 2018.
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