Lazard was the top mergers and acquisitions (M&A) financial adviser in the power sector during 2024 by value as well as volume, 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 Lazard achieved this leading position by advising on 23 deals worth $22.8 billion.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Lazard registered improvement in the number of deals advised by it as well as in total deal value in 2024 compared to 2023. Against this backdrop, it went ahead from occupying the ninth position by volume in 2023 to top the chart by this metric in 2024. Similarly, its ranking by value also improved from the third position in 2023 to the top position in 2024.”

UBS occupied the second position in terms of value, by advising on $14.3 billion worth of deals, followed by JP Morgan with $13.7 billion, Goldman Sachs with $12.2 billion, and Citi with $11.5 billion.

Meanwhile, Rothschild & Co occupied the second position in terms of volume with 19 deals, followed by PwC with 14 deals, Barclays with 13 deals, and KPMG with 13 deals.