20 Apr 2021
Posted in Business Fundamentals
Latham & Watkins, White & Case top M&A legal advisers by value and volume in Middle East & Africa for Q1 2021, finds GlobalData
Latham & Watkins and White & Case were the top mergers and acquisitions (M&A) legal advisers in Middle East & Africa for Q1 2021 by value and volume, respectively. Latham & Watkins advised on four deals worth US$12.6bn, which was the highest value among all the advisers. Meanwhile, White & Case led in volume terms having advised on six deals worth US$4bn. A total of 240 M&A deals were announced in the region during Q1 2021, according to GlobalData, a leading data and analytics company.
GlobalData’s report, ‘Global and Middle East & Africa M&A Report Legal Adviser League Tables Q1 2021’, reveals that deal value increased by 184.6% from US$13bn in Q1 2020 to US$37bn in Q1 2021 in the region.
Ravi Tokala, Lead Analyst at GlobalData, comments: “With respect to value, only Latham & Watkins was able to cross US$10bn mark, whereas Meitar Law Offices touched US$10bn with one deal. Interestingly, both firms advised on the lone megadeal (valued more than or equal to US$10bn), which was ironSource’s merger with Thoma Bravo Advantage.
“Meanwhile, White & Case, which advised on the highest number of deals, settled at third position, despite the firm advising on two billion-dollar deals (deals worth greater than or equal to US$1bn).”
Meitar Law Offices occupied the second position in terms of value with one deal worth US$10bn, followed by White & Case and Herbert Smith Freehills with two deals worth US$4bn.
Clifford Chance occupied the second position by volume with five deals worth US$3.9bn, followed by Freshfields Bruckhaus Deringer with five deals worth US$1.8bn and Latham & Watkins.