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Bank of America tops GlobalData’s top 10 global M&A financial advisers league table in power sector for 2019

Bank of America has topped the latest mergers and acquisitions (M&A) league table of the top 10 financial advisers for the power sector based on deal value in 2019, according to GlobalData, a leading data and analytics company.

The American bank advised on nine deals worth US$21.8bn, including China Yangtze Power International’s (Hongkong) acquisition of equity interest in Peruvian businesses from Sempra Energy for US$3.59bn.

According to GlobalData, which tracks all M&A, private equity/venture capital and asset transaction activity around the world to compile the league tables, Citi stood at second position with 13 deals, worth US$17.8bn, while Lazard finished at third position with ten deals worth US$15.9bn.

Nagarjun Sura, Financial Deals Analyst at GlobalData, says: “Canada Pension Plan Investment Board acquisition of Pattern Energy was instrumental in determining the top rankings of the power sector. Sullivan & Cromwell from the legal side and Bank of America from the financial side were involved in this transaction and topped the league table respectively.”

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Global power deals market in 2019

The total deal value in the power sector plummeted by 28.69% from US$445.2bn in 2018 to US$317.5bn in 2019. The sector saw 2,855 deals in 2019, an increase of 13.11% from 2,524 deals in 2018.

Bank of America, which topped the power league table of M&A financial advisers, finished at sixth position in GlobalData’s recently released global league table of top 20 M&A financial advisers. Goldman Sachs topped the global rankings chart, followed by JP Morgan.

Sullivan & Cromwell leads top 10 M&A legal advisers list

US-based law firm Sullivan & Cromwell led the top 10 legal advisers list in terms of deal value. The firm provided legal services to eight deals worth US$21.6bn. White & Case secured second position with 22 deals worth US$13.8bn.

In the global league table of top 20 M&A legal advisers, Sullivan & Cromwell secured third position. The global table was led by Wachtell, Lipton, Rosen & Katz.

Source: GlobalData

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Goldman Sachs tops GlobalData’s top 10 global M&A financial advisers league table in the automotive sector for 2019

Goldman Sachs has dominated the latest mergers and acquisitions (M&A) league table of the top 10 financial advisers for the automotive sector based on deal value in 2019, according to GlobalData, a leading data and analytics company.

The American investment bank advised on nine deals, which were worth a combined US$11.9bn. According to GlobalData, which tracks all M&A, private equity/venture capital and asset transaction activity around the world to compile the league tables, Lazard trailed Goldman Sachs with nine deals worth US$9.4bn. With four deals valued at US$9.0bn, JP Morgan stood at third position.

Ravi Tokala, Financial Deals Analyst at GlobalData, says: “The slow trend in M&A activities in the automotive sector continued in 2019, witnessing a major drop in overall deal value as compared with the same period last year. ZF Friedrichshafen’s acquisition of Wabco Holdings for US$7.4bn was instrumental in determining the rankings in the automotive sector. The top four financial and legal advisers were involved in this transaction.”

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Global automotive deals market in 2019

The automotive sector saw a 34.03% drop in deal value from US$58.2bn in 2018 to US$38.4bn in 2019. However, deal volume witnessed a 33.65% surge from 425 to 568.

Goldman Sachs, which topped the automotive league table of M&A financial advisers, stood at top position in GlobalData’s recently released global league table of top 20 M&A financial advisers.

Cleary Gottlieb Steen & Hamilton tops list of top 10 M&A legal advisers

Law firm Cleary Gottlieb Steen & Hamilton led the chart of top 10 legal advisers in 2019. The company advised on four deals worth US$7.9bn. Although Latham & Watkins and Clifford Chance advised on deals worth US$7.7bn, the former gained an edge in terms of volume. Latham & Watkins provided legal services to five deals while Clifford Chance worked on three deals.

In the global league table of top M&A 20 legal advisers, Cleary Gottlieb Steen & Hamilton was at fourth position. Latham & Watkins stood at sixth position while Clifford Chance stood at sixteenth position.

Source: GlobalData

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Goldman Sachs tops GlobalData’s top 10 global M&A financial advisers league table in consumer sector for 2019

Goldman Sachs has dominated the latest mergers and acquisitions (M&A) league table of the top 10 financial advisers for the consumer sector based on deal value in 2019, according to GlobalData, a leading data and analytics company.

The investment bank advised on 49 deals worth US$66.7bn, including the big ticket deal of  Merlin Entertainments’ acquisition by KIRKBI Invest, Blackstone and Canada Pension Plan Investment Board (CPPIB) for US$7.56bn.

According to GlobalData, which tracks all M&A, private equity/venture capital and asset transaction activity around the world to compile league tables, Credit Suisse trailed Goldman Sachs with 24 deals worth US$65.5bn. Morgan Stanley stood at third position with 26 deals worth US$48.8bn.

Nagarjun Sura, Financial Deals Analyst at GlobalData, says: “Goldman Sachs emerged as the top financial adviser in the Consumer sector, whereas Rothschild settled in fourth position despite recording the largest volume at 60 deals. Major International Flavors & Fragrances (IFF) Merger with DuPont Nutrition & Biosciences helped Skadden and Cleary Gottlieb to occupy first and second positions respectively in the legal category.”

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Global consumer deals market in 2019

The consumer sector saw a 1.76% drop in deal value from US$312.0bn in 2018 to US$306.5bn in 2019. Deal volume, however, witnessed a 26.65% increase from 4,067 in 2018 to 5,151 in 2019.

Goldman Sachs, which topped the consumer league table of M&A financial advisers, also stood at first position in GlobalData’s recently released global league table of top 20 M&A financial advisers.

Skadden, Arps, Slate, Meagher & Flom leads list of top 10 M&A legal advisers

US-based law firm Skadden, Arps, Slate, Meagher & Flom led the chart of top 10 legal advisers in terms of value. It provided legal services for 23 deals worth US$62.9bn. Cleary Gottlieb Steen & Hamilton advised on 25 deals worth US$48.7bn. In the global league table of top M&A 20 legal advisers, Skadden, Arps, Slate, Meagher & Flom secured ninth position while Cleary Gottlieb Steen & Hamilton stood at fourth position.

Source: GlobalData