04 Nov 2019
Posted in Business Fundamentals
JP Morgan leads GlobalData’s top 10 global M&A financial advisers league table in ICT sector for Q1-Q3 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 three quarters (Q1-Q3) 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$183.9bn for advising on 50 deals.
According to GlobalData, which tracks all M&A, private equity/venture capital and asset transaction activity around the world to compile league tables, Goldman Sachs finished at second position with 57 deals worth US$128.3bn and Morgan Stanley at third position with 44 deals worth US$112.3bn.
Nagarjun Sura, Financial Deals Analyst at GlobalData, says: “JP Morgan and Kirkland emerged as the top financial and legal advisers, respectively in the ICT sector mainly driven by their involvement in two big ticket deals – Fiserv’s acquisition of First Data and CBS Merger with Viacom. Interestingly, the top six financial advisers and nine of the top 10 legal advisers were represented in these two transactions.”
Global ICT deals market in Q1-Q3 2019
The ICT sector witnessed a decline of 9.73% in deal value from US$574.05bn in Q1-Q3 2018 to US$518.19bn in Q1-Q3 2019. Deal volume, however, increased by 33.98% from 10,636 to 14,250.
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.
Goldman Sachs, which stood at second place in the ICT deals league table, ranked top in the global list.
Kirkland & Ellis heads top 10 M&A legal advisers list
US-based law firm Kirkland & Ellis led the top 10 legal advisers table for Q1-Q3 2019 with a value of US$123.9bn through 127 deals. It was followed by Latham & Watkins, which advised on 86 deals with a combined value of US$123.0bn. With 23 deals worth US$111.8bn, Cleary Gottlieb Steen & Hamilton stood at third position.
Kirkland & Ellis secured second position in the global league table of top 20 M&A legal advisers for Q1-Q3 2019.