Goldman Sachs and Rothschild & Co have emerged as the top mergers and acquisitions (M&A) financial advisers by value and volume for Q1-Q3 2023 in the latest Financial Advisers League Table by GlobalData, a leading data and analytics company.
An analysis of GlobalData’s Financial Deals Database reveals that Goldman Sachs achieved its leading position in the deal value rankings by advising on $263.8 billion worth of deals. Meanwhile, Rothschild & Co led in terms of volume by advising on a total of 198 deals.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Most of the top 20 advisers by value as well as volume registered decline in the number of deals they advised on and the corresponding deal value during Q1-Q3 2023 compared to Q1-Q3 2022 as market conditions remained volatile and M&A activity suffered significant setbacks across most of the markets globally. Macroeconomic challenges, ongoing Russia-Ukraine war and uncertain market sentiments have taken a toll on deal-making sentiments.
“However, Goldman Sachs, despite experiencing a decline in total value of deals advised by it during Q1-Q3 2023 compared to Q1-Q3 2022, managed to retain its leadership position by this metric. Goldman Sachs advised on 49 billion-dollar deals* of which seven were mega deals valued more than $10 billion. The involvement in such big-ticket deals helped Goldman Sachs top the chart by value. Similarly, Rothschild & Co also registered a decline in the number of deals advised by it but managed to retain its ranking by this metric. It fell short of only two deals from touching 200 deals volume mark.”
Morgan Stanley occupied the second position in terms of value, by advising on $217.9 billion worth of deals followed by JP Morgan with $217.7 billion, Bank of America with $202.3 billion and Centerview Partners with $141.6 billion.
Meanwhile, Houlihan Lokey occupied the second position in terms of volume by advising on 178 deals followed by KPMG with 131 deals, PwC with 124 deals, and JP Morgan with 121 deals.
*Deals valued more than or equal to $1 billion.
