Allen & Overy has emerged as the leading legal adviser for mergers and acquisitions (M&A) in the Middle East & African region, both in terms of deal value and volume, in the first three quarters of 2024, according to the latest financial advisers league table by GlobalData.
Allen & Overy’s lead position in the league table was secured by advising on nine deals, amounting to a total of $9.7bn.
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GlobalData lead analyst Aurojyoti Bose said: “Allen & Overy was the top adviser by value during Q1-Q3 2023 and managed to retain its leadership position by this metric during Q1-Q3 2023 as well.
“Interestingly, despite experiencing a year-on-year fall in the total value of deals advised by it during Q1-Q3 2024, Allen & Overy outpaced its peers by a significant margin in terms of value. Meanwhile, its ranking by volume improved from second position during Q1-Q3 2023 to the top position during Q1-Q3 2024.”
Bernitsas Law, Latham & Watkins, and Simmons & Simmons shared the second spot in the value category, each advising on deals worth $3.4bn. Linklaters followed with advisory on deals totalling $2.3bn.
In terms of deal volume, White & Case took the second position with nine deals, matching Allen & Overy’s number but with a lower deal value.
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By GlobalDataWebber Wentzel and ENSafrica tied with six deals each, while Naschitz Brandes Amir followed with four deals.
GlobalData’s league tables are based on the real-time tracking of thousands of company websites, advisory company websites and other reliable sources available in the secondary domain. A dedicated team of analysts monitors all these sources to gather in-depth details for each deal, including adviser names.
To ensure further robustness of the data, the company also seeks deal submissions from leading advisers.
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