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GlobalData has released latest Legal and Financial Adviser League Tables, in terms of total value and volume of merger and acquisition (M&A) deals they advised on for Q1-Q3 2023.
Financial Advisers
Goldman Sachs and Rothschild & Co top M&A financial advisers for Q1-Q3 2023
Goldman Sachs and Rothschild & Co have emerged as the top mergers and acquisitions (M&A) financial advisers by value and volume for Q1-Q3 2023 in the latest Financial Advisers League Table by GlobalData, a leading data and analytics company.
An analysis of GlobalData’s Financial Deals Database reveals that Goldman Sachs achieved its leading position in the deal value rankings by advising on $263.8 billion worth of deals. Meanwhile, Rothschild & Co led in terms of volume by advising on a total of 198 deals.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Most of the top 20 advisers by value as well as volume registered decline in the number of deals they advised on and the corresponding deal value during Q1-Q3 2023 compared to Q1-Q3 2022 as market conditions remained volatile and M&A activity suffered significant setbacks across most of the markets globally. Macroeconomic challenges, ongoing Russia-Ukraine war and uncertain market sentiments have taken a toll on deal-making sentiments.
“However, Goldman Sachs, despite experiencing a decline in total value of deals advised by it during Q1-Q3 2023 compared to Q1-Q3 2022, managed to retain its leadership position by this metric. Goldman Sachs advised on 49 billion-dollar deals* of which seven were mega deals valued more than $10 billion. The involvement in such big-ticket deals helped Goldman Sachs top the chart by value. Similarly, Rothschild & Co also registered a decline in the number of deals advised by it but managed to retain its ranking by this metric. It fell short of only two deals from touching 200 deals volume mark.”
Morgan Stanley occupied the second position in terms of value, by advising on $217.9 billion worth of deals followed by JP Morgan with $217.7 billion, Bank of America with $202.3 billion and Centerview Partners with $141.6 billion.
Meanwhile, Houlihan Lokey occupied the second position in terms of volume by advising on 178 deals followed by KPMG with 131 deals, PwC with 124 deals, and JP Morgan with 121 deals.
*Deals valued more than or equal to $1 billion.
Legal Advisers
Kirkland & Ellis top M&A legal adviser for Q1-Q3 2023
Kirkland & Ellis has emerged as the top mergers and acquisitions (M&A) legal adviser for Q1-Q3 2023 in terms of both value and volume in the latest Legal Advisers League Table by GlobalData, a leading data and analytics company.
An analysis of GlobalData’s Financial Deals Database reveals that Kirkland & Ellis achieved the leading position by advising on 355 deals worth $264.3 billion.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Kirkland & Ellis was the clear winner outpacing its peers by a significant margin in terms of volume as well as value during Q1-Q3 2023. It was the only firm to advise on more than 300 deals during Q1-Q3 2023. Moreover, it was also among the only two advisers with total deal value surpassing $200 billion during the same period. In terms of value ranking, Kirkland & Ellis was followed by Skadden, Arps, Slate, Meagher & Flom, which occupied the second position by advising on $205.7 billion worth of deals.
“Kirkland & Ellis advised on 61 billion-dollar deals*, which also included five mega deals valued more than $10 billion. Involvement in these high-value transactions helped Kirkland & Ellis top the chart by value as well.”
Latham & Watkins occupied the third position in terms of value, by advising on $191.5 billion worth of deals followed by Wachtell, Lipton, Rosen & Katz with $169.8 billion, and Paul, Weiss, Rifkind, Wharton & Garrison with $159.3 billion.
Meanwhile, CMS occupied the second position in terms of volume by advising on 193 deals followed by White & Case with 187 deals, Latham & Watkins with 163 deals, and Baker McKenzie with 155 deals.
*Deals valued more than or equal to $1 billion.
