Goldman Sachs and PwC were the top mergers and acquisitions (M&A) financial advisers in the power sector in Q1 2023 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 Financial Deals Database, the leading data and analytics company reveals that Goldman Sachs achieved its leading position in terms of value by advising on $10.7 billion worth of deals. Meanwhile, PwC led by volume having advised on a total of eight deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Goldman Sachs was the clear winner by value as it was the only adviser that managed to surpass $10 billion mark during Q1 2023. It also occupied the ninth position by volume.

“Meanwhile, PwC, despite topping the chart by volume, did not feature among the top 10 by value due to its involvement in low-value deals. The average size of deals advised by PwC in Q1 2023 was $25.2 million, which is much lesser compared to Goldman Sachs’ average deal size of $3.6 billion.”

An analysis of GlobalData’s Financial Deals Database reveals that Citi occupied the second position in terms of value, by advising on $8.5 billion worth of deals, followed by Lazard with $7.9 billion, Bank of America with $7.7 billion, and Guggenheim Partners with $7.6 billion.

Meanwhile, Ernst & Young occupied the second position in terms of volume with seven deals, followed by Lazard with five deals, UBS with five deals, and Citi with four deals.