Citi and Avendus Capital have emerged as the top mergers and acquisitions (M&A) financial advisers in the Asia-Pacific region for Q1-Q3 2022 by value and volume, respectively, finds GlobalData, a leading data and analytics company.

Citi achieved its leading position by value by advising on $92.1 billion worth of deals. Meanwhile, Avendus Capital led by volume by advising on a total of 27 deals.

GlobalData’s report, “Global and Asia-Pacific M&A Report Financial Adviser League Tables Q1-Q3 2022,” reveals that a total of 5,812 M&A deals worth $459.8 billion were announced in the region during Q1-Q3 2022.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Avendus Capital led by volume but lagged in terms of value due to the involvement in low-value transactions and did not feature among the top 10 by value. The average size of deals advised by Avendus Capital stood at $154.8 million.

“Similarly, Citi led by value but did not feature among the top 10 by volume. Despite advising on relatively fewer deals, Citi managed to top by value due to its involvement in high-value transactions, with its average deal value standing at $7.7 billion. The firm advised on six billion-dollar deals (≥ $1 billion) that also included two mega deals valued more than $10 billion.”

Goldman Sachs occupied the second position by value, by advising on $82.5 billion worth of deals, followed by JP Morgan ($69.8 billion), Credit Suisse ($67.1 billion) and Morgan Stanley ($62.9 billion).

Meanwhile, UBS occupied the second position in terms of volume with 25 deals, followed by Ernst & Young (25 deals), Daiwa Securities Group (19 deals) and Goldman Sachs (18 deals).