JP Morgan and Performance Brokerage Services were the top mergers and acquisitions (M&A) financial advisers in the retail sector during 2024 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 has revealed that JP Morgan achieved the leading position in terms of value by advising on $9.2 billion worth of deals. Meanwhile, Performance Brokerage Services led in terms of volume by advising on a total of 14 deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The total value of deals advised by JP Morgan more than doubled in 2024 compared to the previous year. And it went ahead from occupying the fifth position by value in 2023 to top the chart by this metric in 2024. Apart from leading by value, JP Morgan also occupied the ninth position by volume.

“Meanwhile, there was also an improvement in the total number of deals advised by Performance Brokerage Services and its ranking by volume improved from the fourth position in 2023 to the top position in 2024.”

Morgan Stanley occupied the second position in terms of value, by advising on $6.7 billion worth of deals, followed by Solomon Partners with $6.5 billion, Bank of America with $6.2 billion and Centerview Partners with $5.5 billion.

Meanwhile, PwC occupied the second position in terms of volume with 13 deals, followed by Houlihan Lokey with 13 deals, Rothschild & Co with 12 deals and Bank of America with 11 deals.