Goldman Sachs and PwC were top M&A financial advisers by value and volume in retail sector for H1 2021, finds GlobalData

Goldman Sachs and PwC were the top mergers and acquisitions (M&A) financial advisers in the retail sector for H1 2021 by value and volume, respectively. Goldman Sachs advised on eleven deals worth US$11.2bn, which was the highest value among all the advisers. Meanwhile, PwC led in volume terms having advised on 13 deals worth US$2.8bn. A total of 972 M&A deals were announced in the sector during H1 2021, according to GlobalData, a leading data and analytics company.

According to GlobalData’s report, ‘Global and Retail M&A Report Financial Adviser League Tables H1 2021’, deal value for the sector increased by 70.9% from US$55bn in H1 2020 to US$94bn in H1 2021.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Goldman Sachs and PwC were the only two advisers that managed to register double-digit deal volume during H1 2021. Resultantly, while PwC led by volume, Goldman Sachs also occupied the second position in terms of volume apart from leading by value. Goldman Sachs was the only advisor to surpass US$10bn as the firm managed to advise on five deals valued more than US$1bn during H1 2021.”

Credit Suisse occupied the second position in terms of value with six deals worth US$8.7bn, followed by Morgan Stanley with six deals worth US$7.7bn, UBS with four deals worth US$6.9bn and JP Morgan with five deals worth US$4.4bn.

Goldman Sachs occupied the second position in terms of volume, followed by Rothschild & Co with nine deals worth US$551m, KPMG with eight deals worth US$106m and Jefferies with seven deals worth US$4.4bn.

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