14 Jan 2021
Posted in Banking
Goldman Sachs and PwC were top M&A financial advisers by value and volume in Europe for 2020
Goldman Sachs and PwC were the top mergers and acquisitions (M&A) financial advisers in Europe for 2020 by value and volume, respectively. Goldman Sachs advised on 90 deals worth US$299.7bn, which was the highest value among all the advisers. Meanwhile, PwC led in volume terms having advised on 206 deals worth US$50.5bn. A total of 9,194 M&A deals were announced in Europe during 2020, marking a 11.9% decrease over the 10,436 deals announced in 2019, according to GlobalData, a leading data and analytics company.
According to GlobalData’s report, ‘Global and Europe M&A Report Financial Adviser League Tables 2020’, deal value increased by 3% from US$789bn in 2019 to US$813bn in 2020.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “PwC was the only firm to advise on more than 200 deals but, surprisingly, it did not feature in the list of top 10 advisors by value. Akin to PwC, most of the top 10 advisors by volume failed to secure a ranking in the top 10 list by value due to their involvement in low-value transactions. Only four of them managed to feature among the top 10 advisors by value.
“In contrast, Goldman Sachs, which advised on less than half the number of deals advised by PwC, managed to secure the top spot in terms of value by virtue of its involvement in big-ticket deals. Despite the COVID-19 pandemic, it managed to advise on seven mega-deals that were valued more than or equal to US$10bn during 2020.”
JP Morgan occupied the second position in GlobalData’s ranking of financial advisers for M&As in Europe by value with 86 deals worth a total US$272.5bn, followed by Morgan Stanley with 56 deals worth US$225.2bn and Barclays with 40 deals worth US$144.1bn.
Ernst & Young occupied the second position by volume with 195 deals worth US$32.5bn, followed by Rothschild & Co with 162 deals worth US$133.8bn and KPMG with 158 deals worth US$20.4bn.
Morgan Stanley and PwC occupied the top position both by value and volume in the UK – the key European market.