Barclays and Rothschild & Co were the top mergers and acquisitions (M&A) financial advisers in the retail sector during the first three quarters (Q1-Q3) of 2023 by value and volume, respectively, according to the latest financial advisers league table by GlobalData, which ranks financial advisers by the value and volume of M&A deals on which they advised.

Based on its Financial Deals Database, the leading data and analytics company reveals that Barclays achieved the leading position in terms of value by advising on $14.6 billion worth of deals. Meanwhile, Rothschild & Co led in terms of volume by advising on a total of 16 deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The number of deals advised by Rothschild & Co during Q1-Q3 of 2022 and 2023 remained mostly at the same level. It was the only adviser with double-digit deal volume during Q1-Q3 2023 and apart from leading by volume, it also occupied the fifth position by value.

“Meanwhile, Barclays was the only adviser to surpass $10 billion in total deal value during Q1-Q3 2023. It registered a significant jump in the total value of deals advised by it during Q1-Q3 2023 compared to Q1-Q3 2022. Resultantly, there was also a major leap in its ranking by value. Apart from leading by value, Barclays also occupied the eighth position by volume during Q1-Q3 2023.”

An analysis of GlobalData’s Financial Deals Database reveals that Morgan Stanley occupied the second position in terms of value, by advising on $8.7 billion worth of deals, followed by Goldman Sachs with $6.6 billion, Jefferies with $5.6 billion, and Rothschild & Co with $4.9 billion.

Meanwhile, Performance Brokerage Services occupied the second position in terms of volume with nine deals, followed by Ernst & Young with eight deals, Houlihan Lokey with eight deals, and Jefferies with seven deals.