Top 10 Financial Advisors in Chemical Industry in the World in 2021 by Deal Value
Citigroup Inc, Bank of America Corp, JPMorgan Chase & Co, Mitsubishi UFJ Financial Group Inc, and BNP Paribas SA are among the top 5 financial advisors in the chemical industry in 2021 by deal value. In terms of the geographic split, 4 out of 10 of the world’s top 10 financial advisors in the chemical industry are headquartered in North America, while 4 are based in Europe, and the remaining 2 are based in Asia. They employed a total of 1,572,673 people in 2021. The J.P. Morgan-Adbtrasemisa deal was one of the major deals in the chemical sector in 2021. Cuatrecasas served as legal advisor to JP Morgan Securities for the J.P. Morgan-Adbtrasemisa deal. J.P. Morgan Securities Plc, a UK-based investment banking company, has acquired a 90% stake in Adbtrasemisa S.L, a Spain-based company engaged in related services for transportation. The deal was completed in Q3 2021. The Citizens Bank-HSBC Bank deal was another major deal in the chemical sector in 2021. Morgan Stanley & Co., LLC served as financial advisor to Citizens Bank. Citizens Bank, N.A, a subsidiary of Citizens Financial Group, Inc., has acquired 80 East Coast branches and the national online deposit business from HSBC Bank USA NA, a subsidiary of HSBC North America Holdings Inc. The transaction will allow Citizens Bank to acquire approximately $9 billion in deposits and approximately $2.2 billion in loans for a 2% premium paid on deposits at closing. The deal was completed in Q1 2022. The Shinhan Financial-Bnp Paribas Cardif deal was another major deal in the chemical sector in 2021. Shinhan Financial Group Co Ltd (SFG), a South Korea-based financial holding group, has acquired a 94.54% stake in Bnp Paribas Cardif General Insurance Co. Ltd., a South Korea-based money-losing non-life insurance company, which specializes in auto insurance from BNP Paribas Cardif, a subsidiary of BNP Paribas SA, a France-based multi-line insurance company, for consideration of KRW40 billion ($34 million). The deal was completed in Q4 2021.