JP Morgan has topped the latest M&A league table of the top 10 financial advisers in the financial services sector for FY2018, compiled by GlobalData, a leading data analytics company.
The top spot was secured based on the total advised deal value of $115.4bn. However, in terms of deal volume, it came second behind Sandler O’Neill & Partners with 48 deals.
According to GlobalData, which tracks all merger and acquisition, private equity/venture capital and asset transaction activity around the world to compile the league table, Morgan Stanley and Citi came in second and third, advising on deals worth a total of $97.1bn and $71.5bn, respectively.
Ravi Tokala, Financial Deals Analyst at GlobalData, said: “JP Morgan emerged as the only bank to cross the $100bn mark with respect to deal value in the financial services sector. Sandler O’Neill & Partners, which specializes in the financial services sector, and Allen Overy, were the only financial and legal advisers, respectively, which advised on more than 50 deals in the sector in 2018.”
Global financial services deals market FY2018
The financial services sector saw an impressive overall rise of more than 41.37% in value from $262.8bn in 2017 to $371.5bn in 2018. Volumes too complemented with a growth of 21.26% from 2,667 in 2017 to 3,234 in 2018.
JP Morgan, which topped the financial services league table of M&A financial advisers, was ranked second in the global league table of top 20 M&A financial advisers released by GlobalData recently.
Goldman Sachs, which stood fourth in the financial services league table, beat all competitors in the global league table.
Clifford Chance tops the M&A legal advisers ranking list
London-based Clifford Chance led the top 10 legal advisers table for FY2018 with a value of $72.4bn through 31 deals—28 less than Allen & Overy, the table’s highest deal-maker in terms of volume. Wachtell, Lipton, Rosen & Katz stood a close second with $72bn through 26 deals. In the global league table of top 20 legal advisers, Clifford Chance was ranked 19. The global league table was led by Skadden Arps Slate Meagher & Flom.