GlobalData, a leading data and analytics company, has revealed its global league tables for top 10 financial advisers in construction sector by value and volume for Q1–Q3 2020 in its report, ‘Global and Construction M&A Report Financial Adviser League Tables Q1-Q3 2020’.
According to GlobalData’s M&A report, a total of 2,118 M&A deals were announced in the construction sector during the period. There was a 21.5% decrease over 2,697 deals that were announced during Q1-Q3 2019. Deal value also decreased by 51.4% from $320bn in Q1-Q3 2019 to $156bn in Q1-Q3 2020.
JP Morgan tops by value
As per GlobalData’s ranking, JP Morgan gained the top spot in terms of deal value by advising on six deals worth $31.8bn. This was the highest value among all the advisers.
Goldman Sachs took the second position by value with four deals worth $27.8bn, followed by Rothschild & Co with 12 deals valued at $25.8bn and Lazard with eight deals worth $25.2bn.
PwC leads by volume
PwC led in volume terms having advised on 14 deals worth $1.8bn. Ernst & Young occupied the second position by volume with 13 deals worth $24.7bn, followed by Rothschild & Co.
GlobalData lead analyst Aurojyoti Bose said: PwC, despite advising on more than double the number of deals advised by JP Morgan, failed to even cross $2bn in value. PwC not only lost the top position by value to the latter but also failed to make it to the list of top ten advisors in terms of value.
“On the other hand, JP Morgan was the only adviser to surpass the $30bn mark due to its involvement in high value transactions. JP Morgan advised on four billion-dollar deals worth greater than or equal to $1bn, out of which one was a megadeal worth greater than or equal to $10bn, while PwC did not advise on any such high value 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