JP Morgan was the leading financial adviser globally for mergers and acquisitions in the first quarter of 2019, according to GlobalData.
The American bank advised on 61 deals worth $331.9bn (up 0.2% year on year) in Q1 2019, including the quarter’s two biggest deals – Bristol-Myers Squibb’s plan to acquire Celgene for $89.5bn and Saudi Aramco’s acquisition of a 70% stake in SABIC.
GlobalData has published a top 20 league table of financial advisers ranked according to the value of announced M&A deals globally.
Goldman Sachs took second place with a total deal value of $301bn (up 6.6% year-on-year) from 71 deals it advised on during the quarter. The American bank bagged the top spot in GlobalData’s full-year rankings, having advised on $1.1trn worth of deals in 2018.
In third position was Citi, which worked on 48 deals in Q1 2019 as against 65 in Q1 2018.
Morgan Stanley and Evercore Partners secured fourth and fifth positions, having worked on 55 deals worth $227.4bn (down 27.5%) and 44 deals worth $179.1bn (up 77%), respectively.
Goldman Sachs and Rothschild & Co led the chart in terms of volume, advising 71 deals each in Q1 2019. JP Morgan secured second position with 61 deals followed by Morgan Stanley with 55.
Ravi Tokala, financial deals analyst at GlobalData, said: “The $89.5bn deal between Bristol-Myers Squibb and Celgene played an instrumental role in deciding the first half of the league table. Four among the top five advisers were part of this deal. Three of the top five advisers in the league table worked on Saudi Aramco and SABIC deal.”
In Q1 2019, 13,576 deals were recorded globally, marking a 37% increase year-on-year, and a 3.7% rise from Q4 2018.
To ensure further robustness to the data, the company also seeks submissions from leading advisers, through adviser submission forms on GlobalData’s website