19 Oct 2021
Posted in Business Fundamentals
JP Morgan and Rothschild & Co were top M&A financial advisers by value and volume in Middle East & Africa for Q1-Q3 2021, finds GlobalData
JP Morgan and Rothschild & Co were the top mergers and acquisition (M&A) financial advisers in the Middle East & Africa region for Q1-Q3 2021 by value and volume, respectively. JP Morgan advised on ten deals worth US$21.5bn, which was the highest value among all the advisers. Meanwhile, Rothschild & Co led in volume terms having advised on 19 deals worth US$3.8bn. A total of 787 M&A deals were announced in the region during H1 2021, according to GlobalData, a leading data and analytics company.
According to GlobalData’s report, ‘Global & Middle East Africa M&A Review & Financial Adviser League tables’, deal value for the region increased by 17.9% from US$67bn during Q1-Q3 2020 to US$79bn during Q1-Q3 2021.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “JP Morgan’s involvement in in four billion-dollar deals (deals more than or equal to US$1bn) helped the firm to secure the top position by value. A pivotal deal that the firm was involved in was the sale of Saudi Aramco’s 49% stake in Aramco Oil pipelines to EIG Global Energy for US$12.4bn.
“Meanwhile, Rothschild & Co held the top spot in terms of deal volume, but lagged in terms of deal value due to its involvement in low-value transactions. The firm had to settle for the fifth position by value.”
Moelis & Co occupied the second position in terms of value with three deals worth US$12.6bn, followed by HSBC with seven deals worth US$5.5bn and Nedbank Group with one deal worth US$4bn. Rothschild & Co occupied the fifth position in terms of volume.
JP Morgan occupied the second position in terms of volume, followed by HSBC. KPMG ranked fourth by volume with seven deals worth US$3.4bn and Jefferies occupied the fifth position with six deals worth US$3.1bn.