19 Oct 2021
Posted in Business Fundamentals
Goldman Sachs top M&A financial adviser in Asia-Pacific for Q1-Q3 2021, finds GlobalData
Goldman Sachs has emerged as the top mergers and acquisitions (M&A) financial adviser in the Asia-Pacific (APAC) region during Q1-Q3 2021, in terms of value as well as volume, according to GlobalData, a leading data and analytics company.
An analysis of GlobalData’s Financial Deals Database reveals that the US-based investment banking major advised on 37 deals worth US$98.7bn, the highest value among all the advisers.
According to GlobalData’s report, ‘Global and Asia-Pacific M&A Report Financial Adviser League Tables Q1-Q3 2021’, a total of 5,414 M&A deals were announced in the region during Q1-Q3 2021. Deal value for the region decreased by 7.1% from US$495bn in Q1-Q3 2020 to US$460bn in Q1-Q3 2021.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Goldman Sachs topped the list despite facing competition from Avendus Capital in volume terms. Furthermore, the firm has witnessed a significant improvement by ascending to top rank from seventh position during Q1-Q3 2020, registering a 68.2% growth in volume terms on a YoY basis.
“In addition to dominating in volume terms, Goldman Sachs also occupied the top position by advising deals worth totaling just short of US$100bn. The firm advised on 19 billion-dollar deals (≥US$1bn), of which five were large deals worth more than US$5bn.”
Morgan Stanley occupied the second position in terms of value with 28 deals worth US$50.7bn, followed by JP Morgan with 28 deals worth US$47.4bn, Citi with 26 deals worth US$47.3bn and Macquarie with 25 deals worth US$36.8bn.
Avendus Capital occupied the second position in terms of volume with 34 deals worth US$5.1bn, followed by Morgan Stanley. JP Morgan ranked fourth by volume and PwC stood in fifth position with 27 deals worth US$4.5bn.