Goldman Sachs and Rothschild & Co emerged as the top mergers and acquisitions (M&A) financial advisers by value and volume in 2022, respectively, according to the latest Financial Advisers League Table by GlobalData, which ranks financial advisers by the respective value and volume of M&A deals on which they advised.

Based on its Financial Deals Database, the leading data and analytics company has revealed that Goldman Sachs achieved its leading position in the deal value rankings by advising on $870 billion worth of deals. Meanwhile, Rothschild & Co led in terms of volume by advising on a total of 365 deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “As overall deal activity remained subdued in 2022, all the top 20 advisors by volume registered a decline in the total number of deals advised by them during the year compared to 2021, while most of the top 20 advisors by value also experienced a drop in deal value. In fact, none of the advisors were able to touch $1 trillion mark in total deal value in 2022.”

“Goldman Sachs also witnessed a decline in total deal value in 2022 but still managed to lead the pack. It was the only adviser with more than $800 billion in total deal value, thereby outpacing its peers by a big margin. Goldman Sachs’s involvement in 23 mega deals valued more than $10 billion was pivotal for the firm in securing the top spot by value.

“Meanwhile, Rothschild & Co, which led by volume, was among the only two firms to have advised on more than 300 deals in 2022. It also occupied the 12^th position by value.”

An analysis of GlobalData’s Financial Deals Database reveals that JP Morgan occupied the second position in terms of value, by advising on $626 billion worth of deals; followed by Morgan Stanley with $464 billion; Citi with $433 billion; and Bank of America with $420 billion.

Houlihan Lokey occupied the second position in terms of volume by advising on 319 deals; followed by PwC with 242 deals; KPMG with 235 deals; and Goldman Sachs with 234 deals.