Morgan Stanley and Rothschild & Co were the top mergers and acquisitions (M&A) financial advisers in Europe during 2025 by value and volume, respectively, according to the latest financial advisers league table by GlobalData, a  leading intelligence and productivity platform

GlobalData’s Financial Deals Database revealed that Morgan Stanley achieved its leading position in terms of value by advising on $109.5 billion worth of deals. Meanwhile, Rothschild & Co led in terms of volume by advising on a total of 119 deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Morgan Stanley was one of the only two advisers to surpass $100 billion mark in total deal value during 2025. It advised on 24 billion-dollar deals* and its involvement in these big-ticket deals helped it top the chart by value. Morgan Stanley also held the ninth position by volume in 2025.

“Meanwhile, Rothschild & Co was the top adviser by volume in 2024 and managed to retain its leadership position by this metric in 2025 as well, despite a drop in the total number of deals advised by it. In fact, majority of the top 10 advisers by volume experienced a drop in the number of deals. Rothschild & Co also occupied the eighth position by value in 2025.”

An analysis of GlobalData’s Deals Database reveals that Goldman Sachs occupied the second position in terms of value, by advising on $100.3 billion worth of deals, followed by Barclays with $53.5 billion, JPMorgan with $53.3 billion, and Bank of America with $49.4 billion.

Meanwhile, Ernst & Young occupied the second position in terms of volume with 103 deals, followed by PwC with 100 deals, Houlihan Lokey with 95 deals, and Deloitte with 89 deals.

*Deals valued more than or equal to $1 billion