30 Oct 2020
Posted in Business Fundamentals
JP Morgan and PwC were top M&A financial advisers by value and volume in construction sector for Q1-Q3 2020
JP Morgan and PwC were the top mergers and acquisitions (M&A) financial advisers in the construction sector for Q1-Q3 2020 by value and volume, respectively. A total of 2,118 M&A deals were announced in the construction sector during the period, according to GlobalData, a leading data and analytics company.
According to GlobalData’s M&A report, ‘Global and Construction M&A Report Financial Adviser League Tables Q1-Q3 2020’, there was a 21.5% decrease over 2,697 deals that were announced during Q1-Q3 2019. Deal value also decreased by 51.4% from $320bn in Q1-Q3 2019 to $156bn in Q1-Q3 2020.
In GlobalData’s ranking, JP Morgan gained the top spot in terms of deal value by advising on six deals worth $31.8bn, which was the highest value among all the advisers. Meanwhile, PwC led in volume terms having advised on 14 deals worth $1.8bn.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “PwC, despite advising on more than double the number of deals advised by JP Morgan, failed to even cross $2bn in value. PwC not only lost the top position by value to the latter but also failed to make it to the list of top ten advisors in terms of value.
“On the other hand, JP Morgan was the only adviser to surpass the $30bn mark due to its involvement in high value transactions. JP Morgan advised on four billion-dollar deals worth greater than or equal to $1bn, out of which one was a megadeal worth greater than or equal to $10bn, while PwC did not advise on any such high value deals.”
Goldman Sachs occupied the second position by value with four deals worth $27.8bn, followed by Rothschild & Co with 12 deals worth $25.8bn and Lazard with eight deals worth $25.2bn.
Ernst & Young occupied the second position by volume with 13 deals worth $24.7bn, followed by Rothschild & Co.