Goldman Sachs and Lazard were the top mergers and acquisitions (M&A) financial advisers in the automotive sector during the first three quarters (Q1-Q3) of 2025 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 revealed that Goldman Sachs achieved its leading position in terms of value by advising on $5.1 billion worth of deals. Meanwhile, Lazard led in terms of volume by advising on four deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Lazard was top adviser by volume during Q1-Q3 2024 as well. Interestingly, the number of deals advised by Lazard also remained the same during Q1-Q3 2025 as in Q1-Q3 2024. Lazard also held the seventh position by value during Q1-Q3 2025.

“The number of deals advised by Goldman Sachs also remained the same during Q1-Q3 2025 compared to Q1-Q3 2024, but there was a significant jump in terms of value, primarily driven by its involvement in $4.4 billion deal for the acquisition of Iveco Group by Tata Motors. Resultantly, Goldman Sachs went ahead from occupying the 14^th position by value during Q1-Q3 2024 to top the chart by this metric during Q1-Q3 2025. It also held the sixth position by volume during Q1-Q3 2025.”

PwC occupied the second position in terms of value, by advising on $4.4 billion worth of deals, followed by Morgan Stanley with $4.4 billion, Barclays with $2.2 billion, and JP Morgan and Rothschild & Co jointly occupying the fifth position with $1.4 billion each.

Meanwhile, KPMG occupied the second position in terms of volume with four deals, followed by PwC with three deals, Barclays with three deals and Alvarez & Marsal with three deals.