GlobalData, a leading data and analytics company, has revealed its global league tables for top 10 financial advisers in financial services sector by value and volume for Q1–Q3 2020 in its report, ‘Global and Financial Services M&A Report Financial Adviser League Tables Q1-Q3 2020’.
According to GlobalData’s M&A report, a total of 2,250 M&A deals were announced in the financial services sector during the period. There was a 7.3% decrease over the 2,428 deals announced during Q1-Q3 2019. Deal value witnessed a year-on-year decrease of 31.9% from $417bn to $284bn.
Morgan Stanley tops by value
As per GlobalData’s ranking, Morgan Stanley occupied top spot in terms of deal value. It advised on 24 deals valued at $81.8bn, which was the highest value among all the advisers.
Goldman Sachs occupied the second position, both in terms of value and volume, with 25 deals valued at $78.3bn. Bank of America gained the third position by value with 20 deals worth $51.8bn, followed by JP Morgan with 25 deals worth $43.6bn and Credit Suisse with six deals valued at $42.4bn.
Piper Sandler leads by volume
Piper Sandler led in volume terms having advised on 28 deals worth $5.8bn. Goldman took the second position in the volume category. JP Morgan occupied the third position by volume, followed by Morgan Stanley. Raymond James Financial occupied the fifth position with 22 deals worth $1.4bn.
GlobalData financial deals analyst Aurojyoti Bose said: “While all the top 10 advisers by value were able to surpass the $10bn mark, Morgan Stanley was able to advise on nine billion-dollar deals (greater than or equal to $1bn), out of which three were megadeals (>$10bn). These high-value transactions helped it to top the list by value.
“On the other hand, despite advising on the highest number of deals Piper Sandler failed to touch $10bn mark and did not feature among the top 10 advisers by value.”
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