JP Morgan and Houlihan Lokey were the top mergers and acquisitions (M&A) financial advisers in the consumer 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 JP Morgan achieved its leading position in terms of value by advising on $7.2 billion worth of deals. Meanwhile, Houlihan Lokey led in terms of volume by advising on a total of 10 deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Both JP Morgan and Houlihan Lokey were the top advisers by value and volume, respectively, in H1 2024, and managed to retain their respective leadership positions by these metrics in H1 2025 as well. Despite registering a year-on-year decline in the total number of deals advised by it, Houlihan Lokey was the only adviser to hit double-digit deal volume during H1 2025.

“Meanwhile, JP Morgan experienced around 10% growth in the total value of deals advised by it during H1 2025 compared to H1 2024. Apart from leading by value, JP Morgan also held the seventh position by volume during H1 2025.”

An analysis of GlobalData’s Deals Database reveals that Citi occupied the second position in terms of value, by advising on $4.5 billion worth of deals, followed by Centerview Partners with $2.7 billion, Goldman Sachs with $2.5 billion, and Barclays with $2.3 billion.

Meanwhile, Rothschild & Co occupied the second position in terms of volume with nine deals, followed by PwC with nine deals, Spayne Lindsay & Co with nine deals, and Deloitte and KPMG jointly holding the fifth position with eight deals.