RBC Capital Markets was the top mergers and acquisitions (M&A) financial adviser in the retail sector during the first quarter (Q1) of 2023 by both value and volume, according to the latest financial adviser league table by GlobalData, a leading data and analytics company.

An analysis of GlobalData’s Financial Deals Database reveals that RBC Capital Markets achieved the top position by advising on two deals worth $2.1 billion.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “RBC Capital Markets saw a notable year-on-year (YoY) increase in both the value and volume of deals in Q1 2023. As a result, the company has now taken the top position for deal value, having climbed up from 12th place in Q1 2022. Similarly, it has also moved up to the top spot in terms of deal volume in Q1 2023 from 16th position in Q1 2022.”

Bank of America and Wells Fargo and TD Securities jointly occupied the second position in terms of value by advising on $2.1 billion worth of deals each, followed by Lazard with $322 million.

Meanwhile, Lazard occupied the second position in terms of volume with two deals, followed by Lincoln International with two deals. Rothschild & Co and Stifel/KBW jointly occupied the fourth position in terms of volume by advising on two deals each.