JP Morgan was the top mergers and acquisitions (M&A) financial adviser in the retail sector during the first half (H1) of 2025 by both value and volume, 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 the leading position by advising on six deals worth $42.3 billion.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “For JP Morgan, there was an improvement in the total volume and value of deals advised by it in H1 2025 compared to H1 2024. However, the improvement was very prominent in terms of value, as all six deals advised by it during H1 2025 were billion-dollar deals*. Among these deals, JP Morgan’s involvement in the $23.7 billion deal for acquisition of Walgreens Boots Alliance by Sycamore Partners was pivotal for it in securing the top spot by value.”

An analysis of GlobalData’s Deals Database reveals that Goldman Sachs occupied the second position in terms of value, by advising on $30 billion worth of deals, followed by Citi with $29.2 billion, UBS with $28 billion, and Wells Fargo with $26.3 billion.

Meanwhile, UBS occupied the second position in terms of volume with six deals, followed by Bank of America with four deals, Rothschild & Co with four deals, and Ernst & Young with four deals.

*Valued more than or equal to $1 billion