29 Oct 2020
Posted in Business Fundamentals
Morgan Stanley, Piper Sandler top financial advisers by value, volume in financial services sector during Q1-Q3 2020, finds GlobalData
Morgan Stanley and Piper Sandler were the top financial advisers for mergers and acquisitions (M&A) in the global financial services sector by value and volume, respectively, during Q1-Q3 2020. A total of 2,250 M&A deals were announced in the financial services sector during the period, according to GlobalData, a leading data and analytics company.
According to GlobalData’s ‘Global and Financial Services M&A Report Financial Adviser League Tables Q1-Q3 2020’, there was a 7.3% decrease over the 2,428 deals announced during Q1-Q3 2019. Deal value witnessed an year-on-year decrease of 31.9% from US$417bn to US$284bn.
Morgan Stanley gained top spot in terms of deal value by advising on 24 deals worth US$81.8bn, which was the highest value among all the advisers. On the other hand, Piper Sandler led in volume terms having advised on 28 deals worth US$5.8bn.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “While all the top 10 advisers by value were able to surpass the US$10bn mark, Morgan Stanley was able to advise on nine billion-dollar deals (greater than or equal to US$1bn), out of which three were megadeals (>US$10bn). These high-value transactions helped it to top the list by value.
“On the other hand, despite advising on the highest number of deals Piper Sandler failed to touch US$10bn mark and did not feature among the top 10 advisers by value.”
In contrast, Goldman Sachs occupied the second position, both in terms of value and volume, with 25 deals worth US$78.3bn.
Bank of America occupied the third position by value with 20 deals worth US$51.8bn, followed by JP Morgan with 25 deals worth US$43.6bn and Credit Suisse with six deals worth US$42.4bn.
JP Morgan occupied the third position by volume, followed by Morgan Stanley. Raymond James Financial occupied the fifth position with 22 deals worth US$1.4bn.