Goldman Sachs and Houlihan Lokey were the top mergers and acquisitions (M&A) financial advisers in the consumer sector during Q1-Q3 2024 by value and volume, respectively, according to the latest financial advisers league table by GlobalData, a leading data and analytics company.

An analysis of GlobalData’s Deals Database reveals that Goldman Sachs achieved the top position in terms of value by advising on $38.9 billion worth of deals. Meanwhile, Houlihan Lokey led in terms of volume by advising on a total of 21 deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Houlihan Lokey saw improvement in the number of deals advised by it during Q1-Q3 2024 compared to Q1-Q3 2023. In fact, it was the only adviser to advise on more than 20 deals during the review period.

“Meanwhile, Goldman Sachs registered a massive jump in the value of deals advised by it during Q1-Q3 2024 compared to Q1-Q3 2023. The involvement in $35.9 billion acquisition of Kellanova by Mars played a pivotal role for Goldman Sachs to register a three-fold jump in terms of value and top the chart.”

Citi occupied the second position in terms of value, by advising on $38.2 billion worth of deals, followed by Lazard with $36.3 billion, JP Morgan with $10.9 billion and Nomura with $7.1 billion.

Meanwhile, Ernst & Young occupied the second position in terms of volume with 15 deals, followed by Bank of America with 11 deals, PwC with 11 deals and Rothschild & Co with 10 deals.