Goldman Sachs was the leading financial adviser globally for mergers and acquisitions (M&A) in Q1 2019 in the financial services sector, according to GlobalData.
The top spot was secured based on the total advised deal value of $81.4bn. However, in terms of deal volume, it came second behind JP Morgan with nine deals.
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It figured in the second position in GlobalData’s Q1 2019 ranking of top 20 financial advisers for global mergers and acquisitions.
GlobalData has published a top ten league table of financial advisers ranked according to the value of announced M&A deals globally. If value remains the same for multiple advisers, deal volume is given weightage.
Credit Suisse and Centerview came in second and third positions, advising on deals worth a total of $47.2bn and $43.8bn, respectively.
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By GlobalDataRavi Tokala, financial deals analyst at GlobalData, said: “Goldman Sachs emerged as the top financial adviser in the financial services sector, mainly driven by its involvement in two big-ticket deals – merger of Fidelity National and Worldpay for $43bn and BB&T and merger of SunTrust Banks for $28.2bn. Though JP Morgan advised on the highest number of deals among the top 10 advisers, it remained at seventh position in value terms due to its involvement in low-value transactions.”
The financial services sector saw a rise of 38.8% in deal value, from $101.1bn in Q1 2018 to $140.3bn in Q1 2019. Deal volumes too complemented, with a growth of 41.3% from 760 in Q1 2018 to 1,074 in Q1 2019.
US-based Fried Frank Harris Shriver & Jacobson led the top ten legal advisers table for Q1 2019 with a value of $71.2bn through two deals. Skadden Arps Slate Meagher & Flom stood a distant second with $48.4bn through eight deals. In the global league table of top 20 legal advisers for Q1 2019, Fried Frank Harris Shriver & Jacobson was ranked five. The global league table was led by Kirkland & Ellis.
GlobalData’s league tables are based on the real-time tracking of thousands of company websites, advisory firm websites and other reliable sources available on 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 to the data, the company also seeks submissions from leading advisers, through adviser submission forms on GlobalData’s website
