Morgan Stanley and Lazard were the top mergers and acquisitions (M&A) financial advisers in the construction sector during the first quarter (Q1) of 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 reveals that Morgan Stanley achieved its leading position in terms of value by advising on $15.5 billion worth of deals. Meanwhile, Lazard led in terms of volume by advising on a total of five deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Morgan Stanley was the clear winner by value as it was the only adviser to hit $10 billion in total deal value in Q1 2024. All the four deals advised by Morgan Stanley in Q1 2024 were billion-dollar deals* and the average size of these deals stood at $3.9 billion. Involvement in these big-ticket deals helped Morgan Stanley to top the chart by value.

“Apart from leading in terms of value, Morgan Stanley also occupied the fourth position by volume. Similarly, Lazard, which led by volume in Q1 2024, also occupied the second position by value.”

Lazard occupied the second position in terms of value, by advising on $7.4 billion worth of deals, followed by UBS with $7.2 billion, RBC Capital Markets with $6.8 billion, and Barclays with $6.8 billion.

Meanwhile, RBC Capital Markets occupied the second position in terms of volume with five deals, followed by KPMG with five deals, Morgan Stanley with four deals, and Moelis & Company with four deals.