Goldman Sachs and Houlihan Lokey were the top mergers and acquisitions (M&A) financial advisers in the technology, media, and telecom (TMT) sector during the first half (H1) of 2023 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 Financial Deals Database reveals that Goldman Sachs achieved its leading position in terms of value by advising on $57.3 billion worth of deals. Meanwhile, Houlihan Lokey led in terms of volume by advising on a total of 30 deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Goldman Sachs and Houlihan Lokey led the chart by value and volume, respectively, in H1 2022 and are able to retain their leadership position in H1 2023 as well.

“Meanwhile, Houlihan Lokey led by volume in H1 2023 but lagged in terms of value and did not feature among the top 10 advisers by value. On the other hand, Goldman Sachs, despite advising on half the number of deals advised by Houlihan Lokey, managed to top the chart by value due to its involvement in big-ticket deals. Goldman Sachs advised on eight billion-dollar deals*, which also included two mega deals valued more than $10 billon.”

Morgan Stanley occupied the second position in terms of value, by advising on $47.7 billion worth of deals, followed by JP Morgan with $40.1 billion, Moelis & Company with $29 billion and HSBC with $24.8 billion.

Meanwhile, PwC occupied the second position in terms of volume with 29 deals, followed by Rothschild & Co with 24 deals, William Blair with 20 deals and KPMG with 20 deals.

*Deal value ≥ $1 billion