JP Morgan was the leading financial adviser globally for mergers and acquisitions (M&A) in H1 2019 in the construction sector, according to GlobalData.
The investment bank left behind its counterparts Rothschild & Co, Morgan Stanley and Bank of America Merrill Lynch to lead the table with 14 deals worth $19.6bn.
JP Morgan took the second top spot in GlobalData’s recently released global league table of top 20 M&A financial advisers.
Rothschild & Co occupied second position with eight transactions worth $9.9bn, followed by Morgan Stanley with six transactions worth $7.2bn.
GlobalData has published a top ten league table of financial advisers ranked according to the value of announced M&A deals globally. If value remains the same for multiple advisers, deal volume is given weighting.
The construction sector saw a decline in the value of deals in H1 2019 when compared with H1 2018. The overall deal value plunged by 66.2% from $254.1bn in H1 2018 to $85.9bn in H1 2019. However, deal volume increased by 2.9% from 1,260 to 1,296.
Ravi Tokala, financial deals analyst at GlobalData, says: “The absence of big ticket deals and less than 20 deals crossing $1bn value in the construction sector in H1 2019 led to a major drop in deal value as compared with H1 2018, even though the year-on-year overall deal volume slightly increased by 2.9%.”
Singapore-based WongPartnership topped the list of top 10 legal advisers by value with four deals worth $8.1bn. Although the deals Allen & Gledhill advised on were also worth $8.1bn, the former gained an edge in the ranking due to superior deal volume.
The six top firms in the sector table were conspicuous by their absence in the global league table of top 20 M&A legal advisers. Skadden, Arps, Slate, Meagher & Flom, which secured seventh position in the sector table, was ranked tenth in the global list. Wachtell, Lipton, Rosen & Katz occupied first position with 36 deals worth $528.1bn in the global list.
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.
To ensure further robustness to the data, the company also seeks submissions from leading advisers, through adviser submission forms on GlobalData’s website.
Verdict deals analysis methodology
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.