Top 10 Financial Advisors in Automotive Industry in the World in 2022 by Deal Value

JPMorgan Chase & Co, Citigroup Inc, Rothschild & Co SCA, Evercore Inc, and PJSC Detsky Mir are among the top 5 financial advisors in the automotive industry in 2022 by deal value. The Ritchie Bros-IAA deal was one of the major deals in the Automotive sector in 2022. Goldman Sachs & Co. LLC served as lead financial advisor and Guggenheim Securities, LLC served as co-lead financial advisor to Ritchie Bros, while J.P. Morgan Securities LLC, a subsidiary of JPMorgan Chase & Co acted as a financial advisor to IAA. Ritchie Bros Auctioneers Incorporated (Ritchie Bros), a Canada-based industrial asset disposition & management company, has entered into a definitive agreement to acquire IAA Inc (Insurance Auto Auctions Inc), a US-based global digital marketplace connecting vehicle buyers and sellers, for a purchase consideration of approximately USD7.3 billion including the assumption of USD1 billion of net debt, in a stock and cash transaction. The Precoat Metals Business Division was another major deal in the Automotive sector in 2022. Citigroup Inc acted as the exclusive financial advisor to AZZ, while Evercore Inc and Barclays Plc acted as financial advisors to Sequa in the transaction. AZZ Inc, a provider of metal coating materials and electrical equipment, has acquired the Precoat Metals business division from Sequa Corporation, an aerospace and metal coating business, for USD 1.28 billion. Both companies are based in the US. The deal closed in Q2 2022. Another major deal was L Catterton Management acquiring Intoxalock in the Automotive sector in 2022. Rothschild & Co acted as a financial advisor to Intoxalock. L Catterton Management Limited, a private equity firm, has acquired Consumer Safety Technology, LLC (doing business as Intoxalock), a provider of ignition interlock devices that are installed in vehicles to prevent ignition by intoxicated drivers, for consideration of USD935 million. The deal was completed in Q4 2022.