10 Jan 2020
Posted in Business Fundamentals
Goldman Sachs dominates GlobalData’s top 10 global M&A financial adviser league table in financial services sector for 2019
Goldman Sachs has topped the latest mergers and acquisitions (M&A) league table of the top 10 financial advisers in the financial services sector based on deal value in 2019, according to GlobalData, a leading data analytics company.
The US-based multinational investment bank secured the top spot based on the total advised deal value of US$188.8bn with 48 deals.
According to GlobalData, which tracks all M&A, private equity/venture capital and asset transaction activity around the world to compile league tables, Morgan Stanley and JP Morgan came in second and third positions, advising on deals worth US$143.8bn and US$112.3bn, respectively.
Ravi Tokala, Financial Deals Analyst at GlobalData, says: “The financial services sector recorded six megadeals (>US$10bn) and ~70 deals with more than US$1bn value, which resulted in over 10% jump in the year-on-year overall deal value in 2019 and five financial advisers and one legal adviser were able to cross the US$100bn mark. Goldman Sachs emerged as the top financial adviser in the sector, mainly driven by its involvement in five out of six megadeals recorded.”
Global financial services deals market in 2019
The financial services sector saw an increase of 10.21% in deal value from US$389.8bn in 2018 to US$429.7bn in 2019. Deal volume grew by 24.27% from 3,676 to 4,568.
Goldman Sachs, which topped the financial services table of M&A financial advisers, was ranked first in the recently released global league table of top 20 M&A financial advisers by GlobalData.
Wachtell, Lipton, Rosen & Katz leads top 10 M&A legal advisers list
US-based Wachtell, Lipton, Rosen & Katz led the top 10 legal advisers table for 2019 with a value of US$123.2bn through 24 deals. Fried, Frank, Harris, Shriver & Jacobson stood at second position with US$95.1bn through 15 deals. Wachtell, Lipton, Rosen & Katz also led the global league table of top 20 M&A legal advisers.