21 Jan 2021
Posted in Business Fundamentals
Morgan Stanley and Evercore were top M&A financial advisers by value and volume in global oil and gas sector for 2020, finds GlobalData
Morgan Stanley and Evercore were the top mergers and acquisitions (M&A) financial advisers in the global oil and gas sector for 2020 by value and volume, respectively. Morgan Stanley advised on 18 deals worth US$82.9bn, which was the highest value among all the advisers. Meanwhile, Evercore led in volume terms having advised on 19 deals worth US$32.9bn. A total 1,680 M&A deals were announced in the sector during 2020, marking a 15.5% decrease over the 1,987 deals announced in 2019, according to GlobalData, a leading data and analytics company.
According to GlobalData’s report, ‘Global and Oil & Gas M&A Report Financial Adviser League Tables 2020’, deal value decreased by 33% from US$412bn in 2019 to US$276bn in 2020.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “While there was close competition for the top position by volume, with Evercore topping the chart with 19 deals very closely followed by Morgan Stanley, which occupied the second position with 18 deals, there was a wide gap in value between these two firms.
“Morgan Stanley secured top position in terms of value, however, Evercore had to settle for eighth position. Morgan Stanley managed to advise nine billion-dollar deals worth greater than or equal to US$1bn including two mega deals (deal valued more than or equal to US$10bn), which helped it to top the list by value. Evercore, on the other hand, advised on five billion-dollar deals, including one mega deal.”
Goldman Sachs occupied the second position in GlobalData’s ranking of financial advisers for M&As in the global oil and gas sector by value with 16 deals worth US$75.4bn, followed by JP Morgan with 15 deals worth US$65.9bn and Credit Suisse with eight deals worth US$57.9bn.
Goldman Sachs also occupied the third position by volume, followed by Barclays with 16 deals worth US$39.4bn.