Goldman Sachs has dominated the latest M&A league table of the top 10 financial advisers for the retail sector based on deal value in FY2018, compiled by GlobalData, a leading data and analytics company.
The American bank advised on 19 deals worth a total $44.3bn. Interestingly, it also worked on the second highest number of transactions during the year, including the year’s biggest deal in the retail sector – Walmart’s $16bn stake acquisition in Flipkart.
According to GlobalData, which tracks all merger and acquisition, private equity/venture capital and asset transaction activity around the world to compile the league table, Morgan Stanley and Barclays worked on deals worth $28.5bn and $25.9bn, respectively, to settle at second and third positions.
Nagarjun Sura, Financial Deals Analyst at GlobalData, comments: “Despite advising on five more deals compared to the table topper, Anglo-French multinational investment bank and financial services company, Rothschild & Co, had to settle with sixth position in the financial advisers category. Kirkland & Ellis was the clear winner in terms of deal value and volume in the legal advisers category.”
Global retail deals market FY2018
The retail sector saw growth in deal value and volume in 2018 compared with the year before. The total value increased by 8.93% from $134.4bn in 2017 to $146.4bn in 2018. Volumes too increased by 12.93% from 1,555 in 2017 to 1,756 in 2018.
Goldman Sachs, which topped the retail league table of M&A financial advisers, also finished at the top in the global league table of top 20 M&A financial advisers released by GlobalData recently. Morgan Stanley was ranked third in the global league table, while Barclays figured at the sixth position.
Kirkland & Ellis leads the M&A legal advisers table
US-based law firm Kirkland & Ellis emerged as the lead player in the list of top 10 legal advisers, both in terms of deal value and deal volume. It advised on 23 deals worth a combined $29.4bn, including the sector’s top transaction – Walmart’s acquisition of 77% stake in Flipkart for $16bn. Interestingly, with the exception of fifth-ranked Slaughter and May, all advisers in this list were associated with this big-ticket deal. Gibson Dunn & Crutcher occupied the second position in terms of value, clocking in $26.1bn from just four deals. In the global league table of top 20 legal advisers, Kirkland & Ellis was ranked 12th while Gibson Dunn & Crutcher finished in 17th place.