22 Apr 2020
Posted in Banking
Goldman Sachs is top financial adviser globally in retail sector by M&A value in coronavirus-hit Q1 2020, says GlobalData
Goldman Sachs has dominated the M&A financial advisers league table based on deal value in the first quarter of 2020, according to GlobalData, a leading data and analytics company.
The US-based firm secured the top spot by advising on two deals worth US$10.9bn.
GlobalData, which tracks all M&A, private equity/venture capital and asset transaction activity around the world confirmed that UBS occupied the second position with two transactions worth US$10.6bn.
Aurojyoti Bose, Financial Deals Analyst at GlobalData, comments: “Goldman Sachs, UBS, Barclays, Greenhill & Co and JP Morgan managed to surpass the US$10bn mark during the COVID hit Q1. Interestingly, all of these firms achieved their place in the ranking by advising on just one or two high-value deals, including the US$10.6bn Charoen Pokphand Group’s acquisition of Tesco’s Thai and Malaysian operations.
Goldman Sachs was also first in GlobalData’s recently released global league table of top 20 M&A financial advisers.
Citi tops by volume
Citi is the top financial adviser, based on deal volume in Q1 2020, having advised on four deals worth US$373.3m. PJ SOLOMON occupied second position with three transactions worth US$290m.
Bose comments: “Citi, despite occupying the top spot in volume terms, lagged behind its peers in terms of value by a big margin and did not feature among the top ten advisors by value. PJ SOLOMON also failed to make it to the list.”
Global retail deals market in Q1 2020
During the COVID-19 outbreak, deal activity remained sluggish in Q1 and the retail sector witnessed a decline of 9.71% in deal volume from 577 to 521. However, the deal value increased from US$20.2bn in Q1 2019 to US$30.2bn in Q1 2020.