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 three quarters (Q1-Q3) of 2019, according to GlobalData, a leading data and analytics company.

The investment bank advised on 39 deals worth US$55.0bn, 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 league tables, Rothschild & Co trailed Goldman Sachs with 49 deals worth US$45.2bn. Credit Suisse stood at third position with 16 deals worth US$41.7bn.

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 a big-ticket deal – Eldorado Resorts acquisition of Caesars Entertainment for US$17.3bn. With respect to deal value, only Goldman Sachs was able to cross US$50bn mark and topped the financial adviser category.”

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Global consumer deals market in Q1-Q3 2019

The consumer sector saw a 7.97% plunge in deal value from US$246.00bn in Q1-Q3 2018 to US$226.39bn in Q1-Q3 2019. Deal volume, however, witnessed a 35.25% increase from 2,891 in Q1-Q3 2018 to 3,910 in Q1-Q3 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 leads 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 36 deals worth US$42.9bn. Freshfields Bruckhaus Deringer advised on 16 deals worth US$39.6bn. In the global league table of top M&A 20 legal advisers, Latham & Watkins secured eighth position while Freshfields Bruckhaus Deringer stood at 12th position.