JP Morgan has dominated the latest mergers and acquisitions (M&A) league table of the top 10 financial advisers in the Middle East and Africa based on deal value in 2019, according to GlobalData, a leading data and analytics company.

The US investment bank advised on 10 deals worth US$84.6bn.

According to GlobalData, which tracks all M&A, private equity/venture capital and asset transaction activity around the world to compile the league tables, HSBC ranked second with eight deals worth US$81.6bn.

Ravi Tokala, Financial Deals Analyst at GlobalData, comments: “Despite the overall volume decline among world regions, Middle East and Africa bound total deals value increased by 39.96% in 2019. The region recorded a similar uptick in total deals volume, which saw an increase of 17.80% to 1,959 deals compared to last year.”

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Middle East and Africa deals market in 2019

The deal volume in the Middle East and Africa saw an increase of 17.80% from 1,663 in 2018 to 1,959 in 2019. Deal value increased by 39.96% from US$117.3bn in 2018 to US$164.2bn in 2019.

JP Morgan, which topped the league table of M&A financial advisers in Asia-Pacific, claimed second position in GlobalData’s recently released global league table of top 20 M&A financial advisers.

Clifford Chance leads top 10 M&A legal advisers list

Law firm Clifford Chance emerged as the lead player in the list of top 10 legal advisers, in terms of deal value. It advised on ten deals worth a combined US$79.3bn. White & Case occupied second position in terms of value, advising on 12 deals worth US$77.6bn. In the global league table of top 20 M&A legal advisers, Clifford Chance secured sixteenth position.