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

31 Jul 2020 (Last Updated August 10th, 2020 14:46)

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

The American law firm advised on four deals worth $24.2bn. Sullivan & Cromwell stood at sixth position in GlobalData’s recently released global league table of top 20 M&A legal 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.

Kirkland & Ellis stood at second position with eight deals worth $22.9bn, followed by Freshfields Bruckhaus Deringer with seven worth $22.5bn.

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 advising on relatively fewer deals, Sullivan & Cromwell emerged as the top legal adviser by value in H1 2020. Its involvement in big-ticket deals helped the firm top the list. The company managed to advise on three billion-dollar deals, worth greater than or equal to US$1bn, out of which one was a megadeal worth greater than or equal to US$10bn.

“Meanwhile, White & Case was among the small number of advisers to showcase double-digit deal volume, but it had close competition in terms of value. The firm was involved in two billion-dollar deals.”

White & Case tops by volume

White & Case has secured number one position based on deal volume in H1 2020. The firm advised on 13 deals worth $21.3bn.

In the second place was Jones Day with 11 transactions worth $807.5m.

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.