26 Oct 2021
Posted in Business Fundamentals
JP Morgan and Rothschild & Co were top M&A financial advisers by value and volume in construction sector for Q1-Q3 2021, finds GlobalData
JP Morgan and Rothschild & Co were the top mergers and acquisitions (M&A) financial advisers in the construction sector for Q1-Q3 2021 by value and volume, respectively, according to GlobalData’s Financial Deals Database. The leading data and analytics company notes that JP Morgan advised on 27 deals worth $114.2bn, which was the highest value among all the advisers, while Rothschild & Co led in volume terms having advised on 34 deals worth $22.7bn. A total of 3,001 M&A deals were announced in the sector during Q1-Q3 2021.
According to GlobalData’s report, ‘Global and Construction M&A Review and Financial Adviser League tables’, deal value for the sector increased by 135.6% from $180bn during Q1-Q3 2020 to $424bn during Q1-Q3 2021.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Rothschild & Co was the only firm that managed to advise on more than 30 deals during Q1-Q3 2021. However, it lagged behind in terms of value due to its involvement in low-value transactions and did not even feature among the top ten by value.
“In contrast, JP Morgan, apart from leading by value, also managed to occupy the second position by volume. It was also the only firm to cross the US$100bn mark, thereby outpacing its peers by a great margin in terms of value. JP Morgan advised on 15 billion-dollar deals (valued more than or equal to US$1bn), of which three were mega deals valued more than US$10bn. Meanwhile, Rothschild & Co advised on seven billion-dollar deals.”
Morgan Stanley occupied the second position in terms of value with 17 deals worth $89.7bn, followed by Goldman Sachs with 21 deals worth $85.9bn, Bank of America with 12 deals worth $66.2bn and Citi with 16 deals worth $52.7bn.
JP Morgan occupied the second position in terms of volume, followed by Goldman Sachs. KPMG occupied the fourth position by volume with 19 deals worth $3.5bn, followed by PwC with 19 deals worth $2bn.