30 Jul 2019
Posted in Business Fundamentals
JP Morgan leads GlobalData’s top 10 global M&A financial adviser league table in ICT sector for H1 2019
JP Morgan held the top rank in the latest global mergers and acquisitions (M&A) league table of the top 10 financial advisers for the information and communication technology (ICT) sector based on deal value in the first half (H1) of 2019, according to GlobalData, a leading data analytics company.
The New York-based financial institution took the top spot with a deal value of US$130.0bn for advising on 33 deals.
According to GlobalData, which tracks all M&A, private equity/venture capital and asset transaction activity around the world to compile league tables, Bank of America Merrill Lynch finished at second position with 25 deals worth US$90.3bn and Goldman Sachs at third position with 34 deals worth US$83.1bn.
Prakhar Baghmar, Financial Deals Analyst at GlobalData, says: “JP Morgan and Simpson Thacher & Bartlett emerged as the top financial and legal advisers, respectively in the ICT sector mainly driven by their involvement in two out of three top big ticket deals – Fiserv’s acquisition of First Data and Digital Colony Partners and EQT Infrastructure’s acquisition of Zayo Group.”
Global ICT deals market in H1 2019
The ICT sector witnessed a decline of 7.7% in deal value from US$394.6bn in H1 2018 to US$364.3bn in H1 2019. Deal volume, however, increased by 32.7% from 7,023 to 9,322.
JP Morgan, which topped the ICT deals league table, was ranked second in the recently released global league table of top 20 M&A financial advisers by GlobalData.
Bank of America Merrill Lynch, which stood at second place in the ICT deals league table, ranked sixth in the global list.
Simpson Thacher & Bartlett tops top 10 M&A legal advisers list
US-based law firm Simpson Thacher & Bartlett led the top 10 legal advisers table for H1 2019 with a value of US$97.9bn through 18 deals. It was followed by Kirkland & Ellis, which advised on 89 deals with a combined value of US$94.0bn. With 19 deals worth US$84.5bn, Cleary Gottlieb Steen and Hamilton stood at third position.
Simpson Thacher & Bartlett secured sixth position in the global league table of top 20 M&A legal advisers for H1 2019.