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GlobalData has announced the latest Financial and Legal Adviser League Tables, which rank advisers by the total value and volume of merger and acquisition (M&A) deals they advised on in the European region during 2023. See the rankings and findings below.
Financial Advisers
Rothschild & Co top M&A financial adviser in Europe in 2023
Rothschild & Co was the top mergers and acquisitions (M&A) financial adviser in the European region in 2023 in terms of both value and volume, according to the latest financial advisers league table by GlobalData, a leading data and analytics company.
An analysis of GlobalData’s Deals Database reveals that Rothschild & Co achieved this leading position by advising on 196 deals worth $73.6 billion.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Despite experiencing a decline in deal volume and value in 2023 compared to 2022, Rothschild & Co outpaced its peers by a significant margin. However, it fell short of only four deals to touch the 200 deals volume mark during 2023. Moreover, Rothschild & Co was the only adviser to surpass $70 billion in total deal value during the year. Rothschild & Co advised on a total of 21 billion-dollar deals* in 2023, including one mega deal valued more than $10 billion.”
Barclays occupied the second position in terms of value, by advising on $50.7 billion worth of deals, followed by Citi with $50.4 billion, JP Morgan with $48.6 billion and Goldman Sachs with $47.9 billion.
Meanwhile, KPMG occupied the second position in terms of volume with 142 deals, followed by PwC with 120 deals, Ernst & Young with 106 deals and Lazard with 93 deals.
*Deals valued more than or equal to $1 billion
Legal Advisers
Allen & Overy and CMS top M&A legal advisers in Europe in 2023
Allen & Overy and CMS were the top mergers and acquisitions (M&A) legal advisers in Europe in 2023 by value and volume, respectively according to the latest legal advisers league table by GlobalData, a leading data and analytics company.
An analysis of GlobalData’s Deals Database reveals that Allen & Overy achieved its leading position in terms of value by advising on $72.7 billion worth of deals. Meanwhile, CMS led in terms of volume by advising on a total of 242 deals.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “CMS was the clear winner by volume as it was the only firm that managed to advise on more than 200 deals during 2023. Meanwhile, Allen & Overy faced close competition from Freshfields Bruckhaus Deringer, which missed the top spot in terms of value by a whisker. It is noteworthy that Freshfields Bruckhaus Deringer was the top adviser by value in 2022. Both Allen & Overy and Freshfields Bruckhaus Deringer registered growth in total value of deals advised in 2023 but it was relatively higher for Allen & Overy, which helped it top the chart.”
Freshfields Bruckhaus Deringer occupied the second position in terms of value, by advising on $72.3 billion worth of deals, followed by Clifford Chance with $43.4 billion, Kirkland & Ellis with $39.1 billion and Linklaters with $34.6 billion.
Meanwhile, Allen & Overy occupied the second position in terms of volume with 137 deals, followed by White & Case with 129 deals, Baker McKenzie with 123 deals and Clifford Chance with 98 deals.
