JP Morgan and Rothschild & Co were the top mergers and acquisitions (M&A) financial advisers in the power sector during the first half (H1) 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 Deals Database revealed that JP Morgan achieved the leading position in terms of value by advising on $44 billion worth of deals. Meanwhile, Rothschild & Co led in terms of volume by advising on a total of 10 deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Rothschild & Co was the top adviser by volume in H1 2024 and managed to retain its leadership position by this metric in H1 2025 as well.

“Meanwhile, there was an improvement in JP Morgan’s ranking by value from the second position in H1 2024 to the top spot in H1 2025. This was due to involvement in big-ticket deals, which resulted in a massive jump in terms of value. During H1 2025, JP Morgan advised on five billion-dollar deals* that also include three mega deals valued more than $10 billion.”

Apart from leading by value, JP Morgan also held the second position by volume in H1 2025 with nine deals, followed by Evercore with seven deals, Lazard with seven deals and Carnegie with seven deals.

Meanwhile, Evercore occupied the second position in terms of value, by advising on $33.5 billion worth of deals, followed by Goldman Sachs with $31.4 billion, Morgan Stanley with $31.2 billion and Lazard with $30.4 billion.

*≥ $1 billion