GlobalData Plc

Citi leads the latest mergers and acquisitions (M&A) league table of the top 10 financial advisers for the Oil & Gas sector for Q3 2018, compiled by leading data analytics company GlobalData.

Citi, an American bank, scored the top rank with a deal value of $86.99bn, on the back of a dozen deals that it advised during the quarter – which incidentally was also the highest in terms of volume. Barclays stood second with $77.81bn by advising on 10 deals.

According to GlobalData, which uses its tracking of all merger and acquisition, private equity/venture capital and asset transaction activity globally to compile the league table, Goldman Sachs, a distant third, worked on eight deals worth a total of $30.85bn.

Praveen Karnati, Financial Deals Analyst at GlobalData, said: “Citi and Barclays raced to the top with their first and second places, mostly helped by the largest deal of the quarter in any sector – $60.40bn acquisition of Energy Transfer Partners by Energy Transfer Equity.”

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Global Oil & Gas deals market Q3 2018

The Oil & Gas sector more than doubled in value from $68bn in Q3 2017 to $175bn in Q3 2018. However, volume rise was sedentary, with only about 4% increase between the quarters under review.

Citi also topped the global league table of top 20 M&A financial advisers released by GlobalData recently. Both value and volume showed a steady growth from Q3 2017 to Q3 2018. Barclays claimed second place in the global list as well.

Vinson & Elkins leads the M&A legal advisers Top 10 table

Vinson & Elkins, an overall fourth in the global league table of top 20 M&A legal advisers, led the top 10 legal advisers table for Q3 2018 with a value of $80.1bn. Topping even in terms of volume, the Texas-based legal adviser’s 17 deals are 10 more than the second-placed Latham & Watkins, which worked on deals worth $67.2bn. Potter Anderson & Corroon and Richards, Layton & Finger tied at fourth place having advised on a single deal each, valued at $60.4bn.

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