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

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.