21 Jul 2021
Posted in Business Fundamentals
JP Morgan and Goldman Sachs were top M&A financial advisers by value and volume in financial services sector for H1 2021, finds GlobalData
JP Morgan and Goldman Sachs were the top mergers and acquisitions (M&A) financial advisers in the financial services sector for H1 2021 by value and volume, respectively. JP Morgan advised on 40 deals worth US$48bn, which was the highest value among all the advisers. Meanwhile, Goldman Sachs led in volume terms having advised on 43 deals worth US$39.9bn. A total of 908 M&A deals were announced in the sector during H1 2021, according to GlobalData, a leading data and analytics company.
According to GlobalData’s report, ‘Global and Financial Services M&A Report Financial Adviser League Tables H1 2021’, deal value for the region increased by 7.3% from US$233bn in H1 2020 to US$250bn in H1 2021.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “JP Morgan and Goldman Sachs were the only two firms that managed to advise on 40 or more deals. Moreover, while JP Morgan emerged as the only advisor to surpass US$40bn, the total value of deals advised by Goldman Sachs was also close to US$40bn.
“Remarkably, JP Morgan, apart from leading by value, also occupied the second position by volume. Similarly, Goldman Sachs led by volume and also occupied the second position by value.”
Lazard occupied the third position in terms of value with eight deals worth US$29.8bn, followed by Keefe Bruyette & Woods with 28 deals worth US$25.6bn and Houlihan Lokey with 13 deals worth US$21bn.
Piper Sandler occupied the third position in terms of volume with 32 deals worth US$15.5bn, followed by Keefe Bruyette & Woods. Raymond James Financial occupied the fifth position by volume with 25 deals worth US$3.7bn.