JP Morgan and KPMG were the top mergers and acquisitions (M&A) financial advisers in the construction sector during the first three quarters (Q1-Q3) of 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 JP Morgan achieved the leading position in terms of value by advising on $36.3 billion worth of deals. Meanwhile, KPMG led in terms of volume by advising on a total of 13 deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “While a majority of the top 10 advisers by volume witnessed a decline in the total number of deals advised by them during Q1-Q3 2023 compared to Q1-Q3 2022, KPMG stood as an exception and registered growth. It also saw a significant jump in its ranking from the 10th position by volume in Q1-Q3 2022 to the top spot by this metric in Q1-Q3 2022.

“Meanwhile, JP Morgan was the top adviser by value in Q1-Q3 2022 and managed to retain its leadership position by this metric in Q1-Q3 2023 as well. It advised on five billion-dollar deals* that also included two mega deals valued more than $10 billion during Q1-Q3 2023. Involvement in such big-ticket deals helped JP Morgan lead the chart by value.”

An analysis of GlobalData’s Financial Deals Database reveals that Citi occupied the second position in terms of value, by advising on $20.6 billion worth of deals, followed by Wells Fargo with $19.6 billion, Goldman Sachs with $17.6 billion, and Bank of America with $16.4 billion.

Meanwhile, Rothschild & Co occupied the second position in terms of volume with 11 deals, followed by PwC with 11 deals, JP Morgan with 10 deals, and Ernst & Young with 10 deals.

*Deals valued more than or equal to $1 billion