21 Apr 2021
Posted in Business Fundamentals
UBS and PwC were top M&A financial advisers by value and volume in retail sector for Q1 2021, finds GlobalData
UBS and PwC were the top mergers and acquisitions (M&A) financial advisers in the retail sector for Q1 2021 by value and volume, respectively. UBS advised on three deals worth US$6.9bn, which was the highest value among all the advisers. Meanwhile, PwC led in volume terms having advised on seven deals worth US$2.6bn. A total of 494 M&A deals were announced in the sector during Q1 2021, according to GlobalData, a leading data and analytics company.
According to GlobalData’s report, ‘Global and Retail M&A Report Financial Adviser League Tables Q1 2021’, deal value for the sector decreased by 20.5% from US$44bn in Q1 2020 to US$35bn in Q1 2021.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “UBS was involved in two billion-dollar deals. The firm’s involvement in the US$5bn deal for the acquisition of The Michaels by Apollo Global Management was pivotal and helped it secure the top position by value.
“Meanwhile, PwC held the top spot in terms of deal volume but lagged in terms of deal value due to its involvement in low-value transactions. The firm had to settle for the fourth position by value.”
Credit Suisse occupied the second position in terms of value with one deal worth US$5.5bn, followed by Jefferies with five deals worth US$3.8bn.
Jefferies also occupied the second position by volume, followed by Goldman Sachs with four deals worth US$1.6bn and KPMG with four deals worth US$54m.