Goldman Sachs and Jefferies were the top mergers and acquisitions (M&A) financial advisers in the construction sector during the first half (H1) of 2025 by value and volume, respectively, according to the latest financial advisers league table by GlobalData, which ranks financial advisers by the value and volume of M&A deals on which they advised.

Based on its Deals Database, the leading data and analytics company has revealed that Goldman Sachs achieved its leading position in terms of value by advising on $26.2 billion worth of deals. Meanwhile, Jefferies led in terms of volume by advising on a total of nine deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Both Goldman Sachs and Jefferies witnessed improvement in value and volume of deals advised by them in H1 2025 compared to H1 2024, and their respective rankings by these metrics also improved. Jefferies went ahead from occupying the 11^th position by volume in H1 2024 to top the chart in H1 2025. Similarly, Goldman Sachs’ ranking by value also improved from the fourth position in H1 2024 to the top position in H1 2025.

“It is noteworthy that all the six deals advised by Goldman Sachs during H1 2025 were billion-dollar deals*, which also included a mega deal valued more than $10 billion.”

An analysis of GlobalData’s Deals Database reveals that JP Morgan occupied the second position in terms of value, by advising on $22.2 billion worth of deals, followed by Jefferies with $19.2 billion, Citi with $18.1 billion, and Bank of America with $17.9 billion.

Meanwhile, Lazard occupied the second position in terms of volume with eight deals, followed by Houlihan Lokey with eight deals, JP Morgan with seven deals, and Citi with seven deals.

*Valued more than or equal to $1 billion