18 Jan 2022
Posted in Business Fundamentals
Goldman Sachs and Houlihan Lokey are top M&A financial advisers by value and volume in TMT sector for 2021, finds GlobalData
Goldman Sachs and Houlihan Lokey have been identified by GlobalData as the top mergers and acquisitions (M&A) financial advisers in the technology, media & telecom (TMT) sector for 2021 by value and volume, respectively. The leading data and analytics company notes that Goldman Sachs advised on 148 deals worth $339.8 billion—the highest value among all the advisers—while Houlihan Lokey led by volume, having advised on 188 deals worth $20.5 billion. A total of 12,585 M&A deals were announced in the sector during year 2021.
According to GlobalData’s report, ‘Global and Technology, Media & Telecom M&A Report Financial Adviser League Tables 2021’, deal value for the sector increased by 22.2%, from $1 trillion in 2020 to $1.3 trillion in 2021.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Goldman Sachs emerged as the clear winner in terms of value as it was the only firm to cross the $300 billion mark. Goldman Sachs also occupied the second position by volume, as it was among the few firms to advise on more than 100 deals during 2021.
“Houlihan Lokey, despite leading by volume, was unable to secure a ranking among the top 10 advisors by value due to its involvement in low-value transactions. The average deal size of transactions advised by Goldman Sachs was $2.3 billion, while Houlihan Lokey saw just $108.8 million on average.”
JP Morgan occupied the second position in terms of value, with 135 deals worth $259.5 billion; followed by Morgan Stanley, with 87 deals worth $223.4 billion; Bank of America, with 72 deals worth $144.6 billion; and Barclays, with 69 deals worth $125 billion.
Goldman Sachs occupied the second position in terms of volume, followed by JP Morgan. Raymond James Financial occupied the fourth position by volume, with 106 deals worth $8.1 billion, followed by Ernst & Young, with 102 deals worth $20.9 billion.