Bank of America and Goldman Sachs were top M&A financial advisers by value and volume in automotive sector for Q1-Q3 2021

Bank of America and Goldman Sachs have been found by GlobalData to be the top mergers and acquisitions (M&A) financial advisers in the automotive sector for Q1-Q3 2021 by value and volume, respectively. The leading data and analytics company’s Financial Deals Database reveals that Bank of America advised on seven deals worth $15.4bn – the highest value among all the advisers. Meanwhile, Goldman Sachs led in terms of volume having advised on eight deals worth $11.2bn. A total of 629 M&A deals were announced in the sector during Q1-Q3 2021.

According to GlobalData’s report, ‘Global and Automotive M&A Report Financial Adviser League Tables Q1-Q3 2021’, deal value for the sector increased by 227.6% from $29bn during Q1-Q3 2020 to $95bn during Q1-Q3 2021.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Although none of the advisors were able to register double-digit deal volume and very few advisors managed to surpass the $10bn mark, Bank of America, apart from leading by value, also remained among the top five by volume. Similarly, Goldman Sachs, apart from leading by volume, also remained among the top five by value.

“Interestingly, the top five positions by value as well as volume were confined to the same players: Bank of America, Rothschild & Co, Goldman Sachs, JP Morgan and Citi.”

Rothschild & Co occupied the second position in terms of value with seven deals worth $13.2bn, followed by Goldman Sachs with eight deals worth $11.2bn, JP Morgan with eight deals worth $10.6bn and Citi with four deals worth $9.9bn.

JP Morgan occupied the second position in terms of volume, followed by Bank of America, Rothschild & Co and Citi.

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