03 May 2019
Posted in Press Release
RBC Capital Markets tops GlobalData’s top 10 global M&A financial adviser league table in power sector for Q1 2019
RBC Capital Markets has topped the latest mergers and acquisitions (M&A) league table of the top 10 financial advisers for the power sector based on deal value in the first quarter (Q1) 2019, according to GlobalData, a leading data and analytics company.
The investment bank advised on six deals worth US$3.3bn, including the big ticket deal of Enmax’s acquisition of Emera Maine from Emera for US$1.3bn.
According to GlobalData, which tracks all M&A, private equity/venture capital and asset transaction activity around the world to compile the league table, Rothschild & Co stood at second position in the table with six deals worth US$2.2bn while Citi finished at third with three deals, but worth the same amount.
Global power deals market in Q1 2019
The total deal value in the power sector plunged by 50.2% from US$156.0bn in Q1 2018 to US$77.7bn in Q1 2019. The sector saw 636 deals in Q1 2019, an increase of 8.5% from 586 deals in Q1 2018.
RBC Capital Markets, which topped the power league table of M&A financial advisers, finished at 16th position in the recently released global league table of top 20 M&A financial advisers by GlobalData. JP Morgan topped the global rankings chart, followed by Goldman Sachs.
Skadden Arps Slate Meagher & Flom tops list of top 10 M&A legal advisers
US-based law firm Skadden Arps Slate Meagher & Flom led the top 10 legal advisers list in terms of deal value. The firm provided legal services to three deals worth US$3.2bn. Philippi Prietocarrizosa Ferrero DU & Uria secured the second position with five deals worth a total of US$2.2bn. Interestingly, with just one big-ticket deal of Enmax’s acquisition of Emera Maine from Emera for US$1.3bn, legal firms Bernstein, Shur, Sawyer & Nelson; Blake, Cassels & Graydon; and Bracewell secured eighth position. In the global league table of top 20 M&A legal advisers, Kirkland & Ellis secured number one position. Skadden Arps Slate Meagher & Flom secured sixth position in the global table.