GlobalData, a leading data and analytics company, has revealed its league tables for top 10 financial advisers by value and volume in global construction sector for 2020 in its report, ‘Global and Construction M&A Review & Financial Adviser League tables’.
According to GlobalData’s M&A report, a total 3,693 M&A deals were announced in the sector during 2020, marking a 6.3% decrease over the 3,943 deals announced in 2019. The deal value decreased by 31.5% from $485bn in 2019 to $332bn in 2020.
Top Advisers by Value and Volume
Goldman Sachs and PwC were the top mergers and acquisitions (M&A) financial advisers in the global construction sector for 2020 by value and volume respectively. Goldman Sachs advised on 14 deals worth $61.4bn, which was the highest value among all advisers. Meanwhile, PwC led in volume terms having advised on 23 deals worth $3.9bn.
GlobalData lead analyst Aurojyoti Bose said: “PwC was the only firm that managed to advise more than 20 deals. However, it failed to find a spot among the list of top ten advisers by value due to its involvement in low-value transactions.
“On the other hand, Goldman Sachs advised on relatively fewer deals, including two mega deals valued more than or equal to $10bn. This helped it to occupy the top spot by value. PwC advised on a single billion-dollar deal worth greater than or equal to $1bn.”
JP Morgan occupied the second position in GlobalData’s ranking of financial advisers for M&As in the global construction sector by value with 15 deals worth $58.3bn, followed by Deutsche Bank with seven deals worth $38.6bn and Citi with 13 deals worth $33.7bn.
Ernst & Young occupied the second position by volume with 17 deals worth $21.3bn followed by Rothschild & Co with 16 deals worth $27.1bn.
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.