JP Morgan has topped the latest M&A league table of the top ten financial advisers in the financial services sector for FY2018, compiled by GlobalData, a leading data analytics company.
The top spot was secured based on the total advised deal value of $115.4bn. However, in terms of deal volume, it came second behind Sandler O’Neill & Partners with 48 deals.
Morgan Stanley and Citi came in second and third, advising on deals worth a total of $97.1bn and $71.5bn, respectively.
Ravi Tokala, financial deals analyst at GlobalData, said: “JP Morgan emerged as the only bank to cross the $100bn mark with respect to deal value in the financial services sector. Sandler O’Neill & Partners, which specialises in the financial services sector, and Allen Overy, were the only financial and legal advisers, respectively, which advised on more than 50 deals in the sector in 2018.”
The financial services sector saw an impressive overall rise of more than 41.37% in value from $262.8bn in 2017 to $371.5bn in 2018. Volumes also complemented with a growth of 21.26% from 2,667 in 2017 to 3,234 in 2018.
JP Morgan, which topped the financial services league table of M&A financial advisers, was ranked second in the global league table of top 20 M&A financial advisers recently released by GlobalData.
Goldman Sachs, which stood fourth in the financial services league table, beat all competitors in the global league table.
London-based Clifford Chance led the top ten legal advisers table for FY2018 with a value of $72.4bn through 31 deals – 28 less than Allen & Overy, the table’s highest deal-maker in terms of volume. Wachtell, Lipton, Rosen & Katz stood a close second with $72bn through 26 deals. In the global league table of top 20 legal advisers, Clifford Chance was ranked 19th. The global league table was led by Skadden Arps Slate Meagher & Flom.
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.
The company also seeks submissions through adviser submission forms on GlobalData, which allow both legal and financial advisers to submit their deal details.