29 Jul 2019
Posted in Business Fundamentals
Goldman Sachs tops GlobalData’s top 10 global M&A financial adviser league table in consumer sector for H1 2019
Goldman Sachs has dominated the latest mergers and acquisitions (M&A) league table of the top 10 financial advisers for the consumer sector based on deal value in the first half (H1) of 2019, according to GlobalData, a leading data and analytics company.
The investment bank advised on 24 deals worth a combined US$43.4bn, including the big ticket deal of Merlin Entertainments’ acquisition by KIRKBI Invest, Blackstone and Canada Pension Plan Investment Board (CPPIB) for US$7.56bn.
According to GlobalData, which tracks all M&A, private equity/venture capital and asset transaction activity around the world to compile the league table, Credit Suisse trailed Goldman Sachs with 12 deals worth US$35.4bn. Despite advising on 12 deals, Deutsche Bank stood third with US$29.1bn.
Nagarjun Sura, Financial Deals Analyst at GlobalData, says: “Latham & Watkins emerged as the top legal adviser in the consumer sector, mainly driven by its involvement in Eldorado Resorts’ acquisition of Caesars Entertainment for US$17.3bn. Though Kirkland & Ellis advised on the highest number of deals among the top 10 advisers, it remained at second position in value terms due to its involvement in low-value transactions.”
Global consumer deals market in H1 2019
The consumer sector saw an 8.5% plunge in deal value from US$170.3bn in H1 2018 to US$155.7bn in H1 2019. Deal volume, however, witnessed a 39.46% increase from 1,835 in H1 2018 to 2,559 in H1 2019.
Goldman Sachs, which topped the consumer league table of M&A financial advisers, came in first position in GlobalData’s recently released global league table of top 20 M&A financial advisers.
Latham & Watkins tops list of top 10 M&A legal advisers
UK-based law firm Latham & Watkins led the chart of top 10 legal advisers in terms of value. It provided legal services for 21 deals worth a combined US$37.0bn. Kirkland & Ellis advised on 32 deals worth US$28.2bn. In the global league table of top M&A 20 legal advisers, Latham & Watkins secured eighth position while Kirkland & Ellis stood at second position.