13 Jan 2021
Posted in Business Fundamentals
Goldman Sachs and PwC were top M&A financial advisers by value and volume in global consumer sector for 2020
Goldman Sachs and PwC were the top mergers and acquisitions (M&A) financial advisers in the global consumer sector for 2020 by value and volume, respectively. Goldman Sachs advised on 37 deals worth US$37.3bn, which was the highest value among all the advisers. Meanwhile, PwC led in volume terms having advised on 39 deals worth US$3.4bn. A total of 3,405 M&A deals were announced in the consumer sector during 2020, marking a 33.2% decline over the 5,099 deals announced during 2019, according to GlobalData, a leading data and analytics company.
According to GlobalData’s report, ‘Global and Consumer M&A Report Financial Adviser League Tables 2020’, deal value increased by 33.3% from US$399bn in 2019 to US$266bn in 2020.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Goldman Sachs was the only adviser to surpass the US$30bn mark by value during the COVID-19 hit 2020. The firm’s involvement in high value transactions played a pivotal role as it managed to advise on 10 deals worth more than or equal to US$1bn and also secured second position in terms of volume.
“PwC, on the other hand, despite leading in terms of volume, failed to secure a ranking among the top 10 advisers by value. The firm managed to advise on only a single deal that was worth more than or equal to US$1bn.”
Morgan Stanley occupied second position in GlobalData’s ranking of financial advisers for M&As in the global consumer sector by value with 23 deals worth a total US$27.1bn, followed by JP Morgan with 17 deals worth US$21.6bn and Citi with 12 deals worth US$17.3bn.
Houlihan Lokey occupied the third position by volume with 35 deals worth US$5.7bn, followed by Rothschild & Co with 34 deals worth US$10.2bn.