Goldman Sachs has emerged as the top financial adviser for mergers and acquisitions (M&A) by both value as well as volume in the technology, media & telecom (TMT) sector for Q1-Q3 2021, having advised on 116 deals worth $279.6bn. A total of 9,197 M&A deals were announced in the sector during Q1-Q3 2021, according to GlobalData, a leading data and analytics company.

According to GlobalData’s report, ‘Global and Technology, Media & Telecom M&A Report Financial Adviser League Tables Q1-Q3 2021’, deal value for the sector increased by 53.5% from $662bn during Q1-Q3 2020 to $1 trillion during Q1-Q3 2021.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Goldman Sachs and JP Morgan were the only two firms that managed to advise on more than 100 deals. However, Goldman Sachs secured the top spot in terms of deal value due to advising on 52 billion-dollar deals (valued more than or equal to $1bn) that also included five mega deals (valued more than or equal to $10bn) and was the only adviser to surpass $250bn. In comparison, JP Morgan advised on 39 billion-dollar deals, which included two mega deals.”

JP Morgan occupied the second position by both value and volume with 105 deals worth $203.3bn. Morgan Stanley occupied the third position in terms of value with 74 deals worth $192.7bn, followed by Bank of America with 57 deals worth $111.2bn and Barclays with 52 deals worth $91.9bn.

Ernst & Young occupied the third position in terms of volume with 79 deals worth $16.7bn, followed by Morgan Stanley. PwC ranked fifth in terms of volume with 66 deals worth $15.3bn.