10 Jan 2020
Posted in Business Fundamentals
JP Morgan leads GlobalData’s top 10 global M&A financial advisers league table in ICT sector in 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 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$219.9bn for advising on 71 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 79 deals worth US$194.4bn and Morgan Stanley at third position with 60 deals worth US$136.7bn.
Nagarjun Sura, Financial Deals Analyst at GlobalData, says: “Latham & Watkins emerged as the top legal adviser in the ICT sector, mainly driven by its involvement in Fiserv’s acquisition of First Data. Interestingly, all top five legal advisers participated in this transaction. With respect to deal value, only JP Morgan was able to cross the $200bn mark, topping the financial adviser category.”
Global ICT deals market in 2019
The ICT sector witnessed a decline of 11.29% in deal value from US$766.4bn in 2018 to US$679.9bn in 2019. Deal volume, however, increased by 18.05% from 16,173 to 19,093.
JP Morgan, which topped the ICT deals league table, was ranked second in GlobalData’s recently released global league table of top 20 M&A financial advisers.
Goldman Sachs, which stood at second place in the ICT deals league table, ranked top in the global list.
Latham & Watkins heads top 10 M&A legal advisers list
US-based law firm Latham & Watkins led the top 10 legal advisers table in 2019 with a value of US$162.6bn through 133 deals. It was followed by Cleary Gottlieb Steen & Hamilton, which advised on 39 deals with a combined value of US$160.4bn. With 169 deals worth US$146.8bn, Kirkland & Ellis stood at third position.
Latham & Watkins secured sixth position in the global league table of top 20 M&A legal advisers for 2019.