Kirkland & Ellis was the leading legal adviser globally for mergers and acquisitions (M&A) in Q1 2020 in the construction sector based on deal value, according to GlobalData.
The American law firm advised on four deals worth $25.3bn. Kirkland & Ellis stood at fifth 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.
Sullivan & Cromwell stood at second position with four deals worth $24.23bn, followed by White & Case also with four deals, but worth $21.7bn.
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: “With an impressive overall rise of 28.45% in deal value in the construction sector, the top three advisors in value terms, Kirkland & Ellis, Sullivan & Cromwell and White & Case, respectively, were able to cross the US$20bn mark.”
Latham & Watkins tops by volume
Latham & Watkins has secured number one position based on deal volume in Q1 2020. The firm advised on eight deals worth $7.45bn.
In the second place was Jones Day with six transactions worth $0.68bn, followed by Linklaters with five deals worth $19.48bn.
Tokala added: “Despite advising on the highest number of deals, the top three advisors in volume terms, Latham & Watkins, Jones Day and Linklaters, respectively, lagged behind others in terms of value due to the low-value transactions the firms were involved in.”
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.