Morgan Stanley and Clearwater International were the top mergers and acquisitions (M&A) financial advisers in the construction sector during 2024 by value and volume, respectively, 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 Morgan Stanley achieved its leading position in terms of value by advising on $41 billion worth of deals. Meanwhile, Clearwater International led in terms of volume by advising on a total of 18 deals.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Due to involvement in big-ticket deals, Morgan Stanley registered more than a double-fold jump in the total value of deals advised by it during 2024 compared to 2023. Resultantly, Morgan Stanley went ahead from occupying the seventh position by value in 2023 to top the chart by this metric in 2024.
“Not only did Morgan Stanley occupy the top spot by value in 2024, but it also outpaced its peers by a significant margin. Seven of the 11 deals advised by Morgan Stanley during the year were billion-dollar deals*, which also included two mega deals valued more than $10 billion.
“Meanwhile, Clearwater International also registered improvement in the number of deals advised by it during 2024 compared to 2023. Resultantly, its ranking by volume also improved from 12th position in 2023 to the top position in 2024.”
UBS occupied the second position in terms of value by advising on $22.2 billion worth of deals, followed by Deutsche Bank with $18.7 billion, Goldman Sachs with $18 billion, and Evercore with $17.2 billion.
Meanwhile, Lazard occupied the second position in terms of volume with 17 deals, followed by Houlihan Lokey with 15 deals, Moelis & Company with 14 deals, and Rothschild & Co with 14 deals.
