JP Morgan was the leading financial adviser globally for mergers and acquisitions (M&A) in Q1-Q3 2019 in the construction sector, according to GlobalData.
The investment bank left behind its counterparts Morgan Stanley, Rothschild & Co and Citi to lead the table with 19 deals worth $25.4bn.
JP Morgan took the top spot in GlobalData’s recently released global league table of top 20 M&A financial advisers.
Morgan Stanley occupied the second position with 12 transactions worth $25.3bn, followed by Rothschild & Co with 22 transactions worth $14.5bn.
GlobalData has published a top ten league table of financial advisers ranked according to the value of announced M&A deals globally. If the value remains the same for multiple advisers, deal volume is given weighting.
The construction sector saw a decline in the value of deals in Q1-Q3 2019 when compared with Q1-Q3 2018. The overall deal value plunged by 54.63% from US$ 324.87bn in Q1-Q3 2018 to US$147.38bn in Q1-Q3 2019. However, deal volume increased by 7.94% from 1,876 to 2,025.
GlobalData financial deals analyst Ravi Tokala says: “M&A activities in the construction sector continue to trend downward in Q1-Q3 2019 and almost all the top advisers by value advised less than 15 deals, except Rothschild & Co and JP Morgan, which managed to work on 22 and 19 deals, respectively. The absence of mega deals and less than 35 deals crossing $1bn value led to a major drop in overall deal value in the construction sector.”
Singapore-based Allen & Gledhill topped the list of top ten legal advisers by value with four deals worth $9.3bn. However, the company did not figure in the global league table of top 20 M&A legal advisers.
Clifford Chance, which stood at the second position with 12 deals worth $8.4bn in the sector table, was ranked 17th in the global league table.
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.