27 Oct 2021
Posted in Business Fundamentals
Baker Botts and Vinson & Elkins were top M&A legal advisers by value and volume in oil and gas sector for Q1-Q3 2021, finds GlobalData
Baker Botts and Vinson & Elkins were the top mergers and acquisitions (M&A) legal advisers in the oil and gas sector for Q1-Q3 2021 by value and volume, respectively, according to GlobalData. The leading data and analytics company notes that Baker Botts advised on 20 deals worth $35.9bn, which was the highest value among all advisers tracked. Meanwhile, Vinson & Elkins led in terms of volume, having advised on 34 deals worth $32.8bn. A total 1,257 M&A deals were announced in the sector during Q1-Q3 2021.
According to GlobalData’s report, ‘Global and Oil & Gas M&A Report Legal Adviser League Tables Q1-Q3 2021’, deal value for the sector increased by 16.1% from $192bn during Q1-Q3 2020 to $223bn in Q1-Q3 2021.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Vinson & Elkins was among the only two advisers to have more than 30 deals under its belt during Q1-Q3 2021. Moreover, it was also among the very few advisors that managed to cross the $30bn mark in total deal value. As a result, Vinson & Elkins not only led by volume but also occupied third position by value. Meanwhile, the winner by value, Baker Botts, occupied fourth position by volume.”
Latham & Watkins occupied the second position, in terms of value, with 21 deals worth $35.7bn – followed by Vinson & Elkins. Gibson Dunn & Crutcher occupied the fourth position by value, with 17 deals worth $25.7bn, followed by Kirkland & Ellis, with 32 deals worth $23.6bn.
Kirkland & Ellis occupied the second position, in terms of volume, followed by Latham & Watkins, Baker Botts and Gibson Dunn & Crutcher.