21 Jul 2020
Posted in Business Fundamentals
Rothschild, Bank of America and Moelis & Co were top financial advisers in MEA, in H1 2020
Rothschild & Co emerged as the top mergers and acquisitions (M&A) financial adviser in the Middle East & Africa (MEA) region in the first half (H1) of 2020, based on deal volume. The company advised on six deals worth US$4.1bn during H1. In the meanwhile, Bank of America and Moelis & Co jointly occupied the top position by value having advised on two deals worth US$10.1bn each during H1, according to GlobalData, a leading data and analytics company.
Citi occupied the second position by volume with four deals worth US$6.2bn, followed by JP Morgan with four deals worth US$600m.
Aurojyoti Bose, Financial Deals Analyst at GlobalData, comments: “The region witnessed the announcement of only one megadeal worth greater than or equal to US$10bn during H1 and, interestingly, all the top four firms by value advised on the same deal.” “Rothschild & Co, which was the top adviser in volume terms, also managed to occupy the sixth position in terms of value. However, six out of the top ten advisers by volume failed to make it onto the list of top ten advisers by value due to involvement in low-value transactions.”
The number of deals announced in Middle East & Africa decreased by 9.1% from 933 in H1 2019 to 848 in H1 2020, according to GlobalData’s Financial Deals Database. Deal value also decreased by 67.1% from US$126.4bn in H1 2019 to US$41.6bn in H1 2020.
Bank of America and Moelis & Co, which jointly topped the Middle East & African deals league table by value, stood at fourth and fourteenth positions (by value), respectively in the recently released global league table of top 20 M&A financial advisers by GlobalData. Similarly, Rothschild & Co, which topped the Middle East & African league table by volume, occupied the third position (by volume) in the global league table.