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  1. Deals Analysis
July 31, 2020updated 10 Aug 2020 2:48pm

Top ten construction sector M&A financial advisers for H1 2020 revealed

JP Morgan was the leading financial adviser globally for mergers and acquisitions (M&A) in H1 2020 in the construction sector based on deal value, according to GlobalData.

The US-based multinational investment bank left behind its counterparts Goldman Sachs, Ernst & Young (EY ) and UBS to lead the table, with six deals worth $31.8bn.

JP Morgan stood at the second position in GlobalData’s recently released global league table of top 20 M&A financial advisers.

GlobalData has published a top ten league table of financial advisers ranked according to the value of announced M&A deals globally. If the value remains the same for multiple advisers, deal volume is given weighting.

Goldman Sachs occupied the second position with four transactions worth $25.5bn, followed by EY with 12 transactions but worth $24.09bn.

The construction sector saw a rise in the value of deals in H1 2020 when compared with H1 2019. The overall deal value increased by 13.9% from $85.9bn to $97.8bn. However, deal volume decreased by 14.1% from 1,345 in H1 2019 to 1,155 in H1 2020.

GlobalData financial deals analyst Aurojyoti Bose said: “Despite a decline in deal volume, the construction sector witnessed the announcement of big-ticket deals such as the acquisition of ThyssenKrupp Elevator by a consortium of investors for $18.7bn and the acquisition of the remaining 85% stake in CoreLogic by Cannae Holdings and Senator Investment Group for $7bn during the COVID-19-hit H1. This also reflects in the list of top ten advisors by value, with all firms in the list surpassing the $10bn mark.

“Interestingly, both JP Morgan and EY independently advised on the same high-value $18.7bn deal, but JP Morgan’s involvement in relatively more high-value transactions helped the adviser secure the top position by value.”

EY tops by volume

EY has secured number one position based on deal volume in H1 2020. The firm advised on 12 deals worth $24.09bn.

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.

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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.

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