19 Oct 2021
Posted in Business Fundamentals
Allens, AZB & Partners top M&A legal advisers by value, volume in Asia-Pacific for Q1-Q3 2021, finds GlobalData
Allens and AZB & Partners have emerged as the top mergers and acquisitions (M&A) legal advisers in the Asia-Pacific (APAC) region during Q1-Q3 2021, in terms of value and volume, respectively, according to GlobalData, a leading data and analytics company.
An analysis of GlobalData’s Financial Deals Database reveals that Allens advised on 25 deals worth US$68.5bn, the highest value among all the advisers. Meanwhile, AZB & Partners led in volume terms having advised on 52 deals worth US$30.2bn. A total of 5,414 M&A deals were announced in the region during Q1-Q3 2021.
According to GlobalData’s report, ‘Global and Asia-Pacific M&A Report Legal Adviser League Tables Q1-Q3 2021’, deal value for the region decreased by 7.1% from US$495bn in Q1-Q3 2020 to US$460bn in Q1-Q3 2021.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “AZB & Partners was the only adviser that managed to advise on more than 50 deals during Q1-Q3 2021. However, it lagged in terms of value due to its involvement in only six billion-dollar deals (≥US$1bn) and had to settle at the sixth rank among the top 10 advisers by value.
“On the other hand, Allens, even though advised on less number of deals compared to AZB & Partners, managed to top the list by value due to its involvement in relatively a greater number of big-ticket deals. Allens advised on 10 billion-dollar deals, out of which two are mega deals (≥US$10bn).”
Herbert Smith Freehills occupied the second position in terms of value with 45 deals worth US$61.1bn, followed by Gilbert + Tobin with 26 deals worth US$41.8bn, Dechert with 11 deals worth US$39.1bn and Jones Day with 14 deals worth US$38.4bn.
Khaitan occupied the second position in terms of volume with 46 deals worth US$7.2bn, followed by Herbert Smith Freehills. HWL Ebsworth Lawyers ranked fourth by volume with 30 deals worth US$292m, followed by Allen & Overy with 28 deals worth US$24.9bn.