Goldman Sachs has secured number one position in the latest global mergers and acquisitions financial advisers’ league table based on deal value in the first half (H1) of 2019, despite a drop in the value of M&A deals, according to GlobalData, a leading data and analytics company.
The American bank advised on 156 deals worth $691.9 bln, including two major deals – aerospace and defense giant United Technologies’ acquisition of Raytheon for $88.4 bln and Saudi Aramco’s acquisition of a 70% stake in petrochemicals company SABIC, during the period.
According to GlobalData, which tracks all M&A, private equity/venture capital and asset transaction activity around the world to compile the league tables, JP Morgan stood at second place with a total deal value of $659.8 bln from 144 deals it advised on during the period. In third was Morgan Stanley, which worked on 121 deals worth $500.5 bln.
In H1 2019, the top three firms witnessed a decline in year-on-year deal value – Goldman Sachs by 2.15%, JP Morgan by 6.30% and Morgan Stanley by 33.69%.
Citi and Evercore Partners secured fourth and fifth positions, having worked on 107 deals worth $491.6 bln and 103 deals worth $422.3 bln, respectively. In terms of growth in year-on-year deal value, Evercore Partners recorded a 39.89% increase, while Citi remained flat at 0.12%.
Goldman Sachs and Rothschild & Co led the chart in terms of volume, advising on 156 and 149 deals, respectively. JP Morgan was third with 144 deals, followed by Morgan Stanley with 121.
“Goldman Sachs led the chart in terms of volume and value. It was involved in seven deals out of top ten transactions by deal value in H1 2019,” said Ravi Tokala, Financial Deals Analyst at GlobalData, adding, “the top three firms – Goldman Sachs, JP Morgan and Morgan Stanley – managed to cross the $500 bln deal value mark in H1 2019.”
The overall year-on-year deal value declined by 10.55% to $1987.4 bln, but witnessed a 19.43% increase from H2 2018.
In H1 2019, 28,131 deals were recorded globally, marking a 32.69% increase from H1 2018, and a 15.93% growth from H2 2018.
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