Goldman Sachs tops M&A financial adviser league table in retail sector during Q1-Q3 2020, finds GlobalData

Goldman Sachs emerged as the top mergers and acquisitions (M&A) financial adviser in the retail sector by value as well as volume during Q1-Q3 2020. A total of 889 M&A deals were announced in the retail sector during the period, according to GlobalData, a leading data and analytics company.

According to GlobalData’s ‘Global and Retail M&A Report Financial Adviser League Tables Q1-Q3 2020’, there was a 58.6% decrease over the 2,146 deals that were announced during Q1–Q3 2019. Deal value also witnessed a year-on-year decrease of 67.3% from US$189bn to US$62bn.

Goldman Sachs achieved top position both in terms of value and volume having advised on eight deals worth US$21bn, the highest value among all the advisers.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Deal activity remained subdued during the COVID-19 hit 2020 with none of the advisers including Goldman Sachs able to report double digit deal volume. However, it managed to advise on some of the big-ticket deals and was the only adviser to surpass US$20bn mark during these challenging times.

“Goldman Sachs advised on three billion-dollar deals (greater than or equal to US$1bn), out of which there was one megadeal (>US$10bn).”

JP Morgan occupied the second position by value with five deals worth US$15.6bn, followed by Barclays and HSBC with three deals each worth US$12.6bn and US$11.5bn, respectively.

Bank of America occupied the second position in terms of volume with eight deals worth US$10.4bn, followed by Ernst & Young with eight deals worth US$4.1bn and UBS with seven deals worth US$11.3bn.

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