Morgan Stanley and Houlihan Lokey were the top mergers and acquisitions (M&A) financial advisers in the technology, media and telecom (TMT) sector during the first half (H1) of 2026 by value and volume, respectively, according to the latest financial advisers league table by GlobalData, a leading intelligence and productivity platform.

An analysis of GlobalData’s Financial Deals Database reveals that Morgan Stanley achieved the top position in terms of value by advising on $91.1 billion worth of deals. Meanwhile, Houlihan Lokey led in terms of volume by advising on a total of 34 deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Morgan Stanley and Houlihan Lokey were the top advisers by value and volume, respectively, in H1 2025, and managed to retain their leadership positions by these metrics in H1 2026 as well despite registering a year-on-year drop in total value and volume of deals advised by them. In fact, majority of the top 10 advisers registered drop in deal value and volume.”

Goldman Sachs occupied the second position in terms of value, by advising on $76.5 billion worth of deals, followed by Evercore with $40.4 billion, Qatalyst Partners with $36.5 billion and JPMorgan with $36.1 billion.

Meanwhile, Evercore occupied the second position in terms of volume with 28 deals, followed by Morgan Stanley with 23 deals, JPMorgan with 23 deals and Barclays with 15 deals.