Bank of America Merrill Lynch was the leading financial adviser globally for mergers and acquisitions (M&A) in 2019 across South and Central America, according to GlobalData.
The American investment bank advised on 15 deals worth $32.4bn.
Banco Santander stood at the second position with four deals worth $24.6bn, while Credit Suisse finished at third with 5 deals worth $19.8bn.
GlobalData has published a top ten league table of financial advisers ranked according to the value of announced M&A deals globally. If the value remains the same for multiple advisers, deal volume is given weighting.
Bank of America, which topped the league table of M&A financial advisers, stood at sixth position in the global league table of top 20 M&A financial advisers by GlobalData.
Ravi Tokala, Financial Deals Analyst at GlobalData, says: “Despite the global downward trend in deals activity in 2019, South and Central America recorded a reverse trend in both total deals value and volume terms. The total deals by value and volume increased by 21.86% and 36.91% respectively, in 2019 over last year.”
The total deal value in South and Central America increased by 21.86% from $102.1bn in 2018 to $124.5bn in 2019. The sector saw 1,480 deals in 2019, an increase of 36.91% from 1,081 deals in 2018.
Law firm Jones Day led the top ten legal adviser list in terms of deal value. The firm provided legal services to two deals worth $8.7bn. King & Wood Mallesons and Minter Ellison both advised on one deal worth $5.4bn.
In the global league table of top 20 M&A legal advisers, Jones Day secured seventeenth position. The global table was led by Wachtell, Lipton, Rosen & Katz.
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 data robustness, the company also seeks submissions from leading advisers through adviser submission forms on GlobalData’s website.