GlobalData, a leading data and analytics company, has revealed its league tables for top financial advisers by value and volume in North America for Q1–Q3 2020.
Morgan Stanley tops by value
Morgan Stanley continued to dominate the mergers and acquisitions (M&A) league table of the top 10 financial advisers based on deal value in Q1–Q3 2020.
GlobalData, in its M&A report, ‘Global & North America M&A Review & Financial Adviser League tables’, has published the top 10 league table of financial advisers ranked according to the value of announced M&A deals in North America.
Occupying the second spot in terms of value was Goldman Sachs, which worked on 119 deals valued at $178.3bn.
JP Morgan secured the third spot with $165bn from 84 deals.
Aurojyoti Bose, financial deals analyst at GlobalData, said: “Goldman Sachs, which was the only adviser to advise on more than 100 deals during Q1-Q3 2020, lost the top position to Morgan Stanley in terms of value.
“In contrast, Morgan Stanley advised on relatively fewer but big-ticket deals, which helped it top the list by value. Moreover, while Morgan Stanley’s average deal size stood at $2.2bn, it was $1.5bn for Goldman Sachs.”
Goldman Sachs leads by volume
Goldman Sachs, which dominated the chart a year ago, retained its top spot by volume in Q1–Q3 2020 as well.
Evercore, which advised on 86 deals valued at $82.2bn, came second.
Morgan Stanley secured the third rank while JP Morgan bagged the fourth spot by volume.
Houlihan Lokey was ranked fifth with 83 deals worth $4.4bn.
Morgan Stanley and Goldman Sachs also led by value and volume in the US while National Bank of Canada led by value and volume in Canada.
A total of 8,898 M&A deals were announced in North America during Q1-Q3 2020, down 16.3% from 10,631 a year ago.
Deal value slumped 35.1% to $767bn from $1.18trn during the period.