19 Jan 2021
Posted in Business Fundamentals
Morgan Stanley and Rothschild & Co were top M&A financial advisers by value and volume in MEA for 2020, finds GlobalData
Morgan Stanley and Rothschild & Co were the top mergers and acquisitions (M&A) financial advisers in Middle East & Africa (MEA) region for 2020 by value and volume respectively. Morgan Stanley advised on four deals worth $25.6bn, which was the highest value among all the advisers. Meanwhile, Rothschild & Co led in volume terms having advised on ten deals worth $6.9bn. A total 954 M&A deals were announced in the MEA during 2020, marking a 12.6% decrease over the 1,092 deals announced in 2019, according to GlobalData, a leading data and analytics company.
According to GlobalData’s report, ‘Global and Middle East & Africa M&A Report Financial Adviser League Tables 2020’, deal value decreased by 53.7% from $177bn in 2019 to $82bn in 2020.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Morgan Stanley managed to advise on two mega deals valued more than or equal to $10bn amid the COVID-19-induced market conditions and was the sole adviser to surpass US$20bn mark.
“Rothschild & Co was among the only two firms (the other firm being PwC) that managed to advise on double digit number of deals. Moreover, it managed to advise on three billion-dollar deals (deals valued more than or equal to $1bn) and also held eighth rank by value.”
JP Morgan occupied the second position in GlobalData’s ranking of financial advisers for M&As in MEA by value with six deals worth a total US$18.7bn, followed by Moelis & Co with four deals worth $14.9bn and Bank of America with five deals worth $12.4bn.
PwC occupied the second position by volume with ten deals worth $818m, followed by Citi with seven deals worth $8.2bn.