Goldman Sachs has dominated the latest mergers and acquisitions (M&A) league table of the top 20 financial advisers for 2019, according to GlobalData, a leading data and analytics company.
The American investment bank advised on 339 deals worth US$1,174.5bn, including the big ticket deal of United Technologies’ acquisition of Raytheon.
According to GlobalData, which tracks all M&A, private equity/venture capital and asset transaction activity around the world to compile the league tables, JP Morgan secured second position with 298 deals worth US$987.3bn.
Third position was occupied by Morgan Stanley, which advised on 258 deals worth US$883.2bn.
Citi and Evercore secured fourth and fifth positions, having advised on 217 deals worth US$723.8bn and 172 deals worth US$621.4bn, respectively. In terms of growth in the year-on-year deal value, Evercore recorded a 64.67% increase while Citi’s growth rose 3.09%.
Ravi Tokala, Financial Deals Analyst at GlobalData, comments: “Goldman Sachs, with a 7.36% growth in value terms compared with 2018, emerged as the clear winner both in terms of value and volume. Among the 36 megadeals (>US$ 10bn) recorded during 2019, the American investment bank advised on 25 deals and crossed US$1tn worth of deals, maintaining a significant lead over the rest of the top 20. The value of the deals handled by JP Morgan and Morgan Stanley went down by nearly 3.88% and 14.04%, despite advising on 18 and 15 megadeals, respectively.”
In 2019, 57,391 deals were recorded globally, marking a 21.55% increase from 2018.