Goldman Sachs and Houlihan Lokey were the top mergers and acquisitions (M&A) financial advisers in the technology, media and telecom sector during 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 revealed that Goldman Sachs achieved the leading position in terms of value by advising on $93 billion worth of deals. Meanwhile, Houlihan Lokey led in terms of volume by advising on a total of 86 deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “All the top 10 advisers by volume registered improvement in the total number of deals advised by them in 2024 compared to the previous year. Houlihan Lokey also registered double-digit growth in the number of deals and managed to retain its leadership position by deal volume from 2023 to 2024.

“Goldman Sachs, despite registering decline in the total value of deals advised in 2024 compared to 2023, managed to top the chart by value. In fact, its ranking by value improved from the second position in 2023 to the top position in 2024. Even though some of the other advisers among the top 10 by value registered growth in total value of deals advised, there was still a notable gap when compared with Goldman Sachs’s numbers. Half of the deals advised by Goldman Sachs during 2024 were billion-dollar deals* that also included two mega deals valued more than $10 billion.”

Evercore occupied the second position in terms of value, by advising on $85.6 billion worth of deals, followed by Morgan Stanley with $71.3 billion, Qatalyst Partners with $66.5 billion and JP Morgan with $64.3 billion.

Meanwhile, Goldman Sachs occupied the second position in terms of volume with 50 deals, followed by Evercore with 50 deals, Rothschild & Co with 49 deals and Ernst & Young with 44 deals.

* ≥ $1 billion