JP Morgan and Rothschild & Co were the top mergers and acquisitions (M&A) financial advisers in the power 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 reveals that JP Morgan achieved the leading position in terms of value by advising on $53.5 billion worth of deals. Meanwhile, Rothschild & Co led in terms of volume by advising on a total of 17 deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “JP Morgan and Rothschild & Co were the top advisers by value and volume, respectively, during Q1-Q3 2024 as well. While the total number of deals advised by Rothschild & Co remained relatively stable during Q1-Q3 2025 compared to Q1-Q3 2024, JP Morgan registered more than a three-fold year-on-year jump in the total value of deals advised by it during the reporting period.

“Eight of the 13 deals advised by JP Morgan during Q1-Q3 2025 were billion-dollar deals*, which also included three mega deals valued more than $10 billion. The involvement in these big-ticket deals helped JP Morgan register a massive jump in terms of value.”

Lazard occupied the second position in terms of value, by advising on $39.2 billion worth of deals, followed by Goldman Sachs with $38.7 billion, Morgan Stanley with $34.7 billion and Evercore with $33.9 billion.

Meanwhile, Lazard occupied the second position in terms of volume with 14 deals, followed by JP Morgan with 13 deals, Ernst & Young with 13 deals and Nomura with 12 deals.

*Value ≥ $1 billion