22 Oct 2019
Posted in Business Fundamentals
Wachtell, Lipton, Rosen & Katz leads GlobalData’s top 20 global M&A legal advisers league table for Q1-Q3 2019
Wachtell, Lipton, Rosen & Katz has secured number one position in the latest global mergers and acquisitions (M&A) legal advisers league table based on deal value in the first three quarters (Q1-Q3) of 2019, according to GlobalData, a leading data and analytics company.
The American law firm advised on 57 deals worth US$589.7bn, including a major transaction during the period – Bristol-Myers Squibb’s acquisition of Celgene for US$89.5bn. The company also witnessed a significant year-on-year increase of 37.20% in deal value during the period.
GlobalData, which compiles league tables using real-time data tracked from all M&A, private equity/venture capital and asset transaction activity globally, confirmed that Kirkland & Ellis occupied the second position with transactions worth US$481.5bn, marking a 85.88% year-on-year increase in deal value.
Nagarjun Sura, Financial Deals Analyst at GlobalData, comments: “With respect to deal value, only Wachtell, Lipton, Rosen & Katz was able to cross US$500bn mark and topped the legal adviser league table, whereas Kirkland & Ellis settled in second position despite recording the largest volume at 440 deals. Interestingly, the top seven advisers of the table worked either on Bristol-Myers Squibb’s acquisition of Celgene or United Technologies’ acquisition of Raytheon, the biggest transactions in 2019 so far.”
Sullivan & Cromwell advised on 101 transactions worth US$368.2bn while Simpson Thacher & Bartlett worked on 133 deals worth US$331.2bn. With 89 deals worth US$325.8bn, Cleary Gottlieb Steen & Hamilton held the fifth position.
In terms of deal volume, Kirkland & Ellis topped the table with 440 deals, followed by Jones Day with 342 deals worth US$187.1bn.
The overall announced deal value stood at US$ 2,780bn in Q1-Q3 2019, a decline of 10.31% from the first three quarters of 2018.
In the first three quarters of 2019, 43,111 deals were recorded globally, marking a 29.06% increase from the first three quarters of 2018.