Morgan Stanley was the top mergers and acquisitions (M&A) financial adviser in the power sector during 2025 by both value and volume, 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 leading position having advised on 24 deals worth $63.4 billion.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Morgan Stanley emerged as the leading financial adviser in the power sector M&A market in 2025, topping both the value and volume rankings. The bank advised on 24 deals worth $63.4 billion, narrowly outperforming JPMorgan, which ranked second by value with $63 billion across 16 transactions. While Morgan Stanley advised on 11 billion-dollar deals*, JPMorgan advised on 10. In the volume rankings, Rothschild & Co secured the second position with 20 deals, highlighting intense competition among the top advisers in the sector.”

Moelis & Company occupied the third position in terms of value, by advising on $45.5 billion worth of deals, followed by Goldman Sachs with $43 billion and Lazard with $39.5 billion.

Meanwhile, Barclays occupied the third position in terms of volume with 18 deals, followed by JPMorgan with 16 deals and Lazard with 16 deals.

*Deals valued ≥ $1 billion