GlobalData, a leading data and analytics company, has revealed its league tables for top 10 financial advisers by value and volume in Middle East & Africa for 2020 in its report, Global and Middle East Africa M&A Review & Financial Adviser League tables 2020.

According to GlobalData’s M&A report, a total 954 M&A deals were announced in the MEA during 2020, marking a 12.6% decrease over the 1,092 deals announced in 2019. The deal value decreased by 53.7% from $177bn in 2019 to $82bn in 2020.

Top Advisers by Value and Volume

Morgan Stanley and Rothschild & Co were the top mergers and acquisitions (M&A) financial advisers in Middle East & Africa (MEA) region for 2020 by value and volume respectively. Morgan Stanley advised on four deals worth $25.6bn, which was the highest value among all the advisers. Meanwhile, Rothschild & Co led in volume terms having advised on ten deals worth $6.9bn.

GlobalData lead analyst Aurojyoti Bose said: “Morgan Stanley managed to advise on two mega deals valued more than or equal to $10bn amid the Covid-19-induced market conditions and was the sole adviser to surpass $20bn mark.

“Rothschild & Co was among the only two firms (the other firm being PwC) that managed to advise on double digit number of deals. Moreover, it managed to advise on three billion-dollar deals (deals valued more than or equal to $1bn) and also held eighth rank by value.”

JP Morgan occupied the second position in GlobalData’s ranking of financial advisers for M&As in MEA by value with six deals worth a total $18.7bn, followed by Moelis & Co with four deals worth $14.9bn and Bank of America with five deals worth $12.4bn.

PwC occupied the second position by volume with ten deals worth $818m, followed by Citi with seven deals worth $8.2bn.

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.