JP Morgan was the leading financial adviser globally for mergers and acquisitions (M&A) in Q1 2020 in the construction sector based on deal value, according to GlobalData.
The US-based multinational investment bank left behind its counterparts Goldman Sachs, Lazard and UBS to lead the table, with five deals worth $27.03bn.
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 $24.6bn, followed by Lazard also with fourth transactions but worth $22.65bn.
The construction sector saw a rise in the value of deals in Q1 2020 when compared with Q1 2019. The overall deal value increased by 28.45% from $47.2bn in Q1 2019 to $60.63bn in Q1 2020. However, deal volume decreased by 6.15% from 667 in Q1 2019 to 626 in Q1 2020.
GlobalData financial deals analyst Ravi Tokala says: “JP Morgan emerged as the top financial advisor in the construction sector, mainly driven by its involvement in two big ticket deals – Investors Consortium’s acquisition of ThyssenKrupp Elevator and CapitaLand Mall Trust’s merger with CapitaLand Commercial Trust. Interestingly, the top eight of the top 10 financial advisers were involved in ThyssenKrupp Elevator’s deal.”
Rothschild & Co tops by volume
Rothschild & Co has secured number one position based on deal volume in Q1 2020. The firm advised on seven deals worth $19.38bn.
Tokala added: “M&A activities in the sector started on a slow note in 2020, with Q1 witnessing a 6.15% drop in deal activity as compared with the same quarter last year. Almost all the top 10 advisers by volume advised on less than eight deals.”
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.