Morgan Stanley and UBS were the top mergers and acquisitions (M&A) financial advisers in the construction sector during the first half (H1) of 2024 by value and volume, respectively, 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.

An analysis of GlobalData’s Deals Database reveals that Morgan Stanley achieved the leading position in terms of value by advising on $15.5 billion worth of deals. Meanwhile, UBS led in terms of volume by advising on a total of eight deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Morgan Stanley was the only adviser to surpass $10 billion in total deal value during H1 2024. It advised on four billion-dollar deals* during the review period. The involvement in these big-ticket deals helped Morgan Stanley occupy the top spot by value in H1 2024.

“Meanwhile, UBS witnessed improvement in the total number of deals advised by it and subsequently there was a significant jump in its ranking by deal volume in H1 2024 compared to H1 2023. It went ahead from occupying the 52nd position by volume in H1 2023 to lead the table in H1 2024. Apart from leading by volume, UBS also held the second position by value during the review period.”

UBS occupied the second position in terms of value, by advising on $9.4 billion worth of deals, followed by Lazard with $7.8 billion, Barclays with $7.1 billion and RBC Capital Markets with $6.8 billion.

Meanwhile, Lazard occupied the second position in terms of volume with eight deals, followed by KPMG with eight deals, Barclays with seven deals and Moelis & Company with seven deals.

*Deals valued ≥ $1 billion