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January 21, 2021

Top 10 M&A legal advisers in global construction sector for 2020 revealed

GlobalData, a leading data and analytics company, has revealed its league tables for top 10 legal advisers by value and volume in global construction sector for 2020 in its report, ‘Global and Construction M&A Review & Legal Adviser League tables’.

GlobalData, a leading data and analytics company, has revealed its league tables for top 10 legal advisers by value and volume in global construction sector for 2020 in its report, ‘Global and Construction M&A Review & Legal Adviser League tables.

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Internet of Things set to transform the construction industry

The Internet of Things (IoT) is proving hugely beneficial to the construction industry, allowing different assets and people to be monitored and accounted for across a traditionally fragmented industry. As a result, companies that invest in IoT now promise to make long-term gains in the industry. According to GlobalData forecasts, spending on IoT in construction will reach $9.6bn by 2025. For an industry that has large sites to manage, strict project timelines, hazardous working conditions, and tight profit margins, IoT can create a manageable view of construction sites for project managers, streamline operations, and protect workers. In addition, it allows real-time data streams of assets, automates time-consuming tasks, and ensures employee safety and productivity. IoT integration with equipment manufacturing also has rich advantages for asset monitoring sensors. This, combined with artificial intelligence (AI) can help forecast materials and workers needed during the procurement stage and assist in forecast financing. Read GlobalData’s whitepaper to find out more, including information on:
  • IoT value chain
  • Market size and growth forecasts
  • Mergers and acquisitions
  • Leading IoT adopters in construction
  • Specialist IoT vendors in construction
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by GlobalData
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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

Sullivan & Cromwell and Kirkland & Ellis were the top mergers and acquisitions (M&A) legal advisers in the global construction sector for 2020 by value and volume, respectively. Sullivan & Cromwell advised on six deals worth $35.6bn, which was the highest value among all advisers. Meanwhile, Kirkland & Ellis led in volume terms having advised on 27 deals worth $30.6bn.

GlobalData lead analyst Aurojyoti Bose said: “Despite advising on single-digit deal volume, Sullivan & Cromwell occupied the top spot in terms of value due to its involvement in relatively higher-value transactions. Meanwhile, Kirkland & Ellis was one among three firms that managed to advise on more than 20 deals and had to settle for second position by value.

“Although both firms advised on four billion-dollar deals – each worth greater than or equal to $1bn, including a mega deal valued more than or equal to $10bn – the average deal size of Sullivan & Cromwell stood at $5.9bn while Kirkland & Ellis stood at just $1.1bn.”

Cleary Gottlieb Steen & Hamilton occupied third position in GlobalData’s ranking of legal advisers for M&As in the global construction sector by value with seven deals worth $25.7bn. This was followed by Fried Frank Harris Shriver & Jacobson with eight deals worth $23.1bn.

Latham & Watkins occupied the second position by volume with 22 deals worth $13.5bn, followed by Jones Day with 21 deals worth $10.1bn, and Vinge with 18 deals worth $7.7bn.

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.

 

 

Related Companies

Free Report
img

Internet of Things set to transform the construction industry

The Internet of Things (IoT) is proving hugely beneficial to the construction industry, allowing different assets and people to be monitored and accounted for across a traditionally fragmented industry. As a result, companies that invest in IoT now promise to make long-term gains in the industry. According to GlobalData forecasts, spending on IoT in construction will reach $9.6bn by 2025. For an industry that has large sites to manage, strict project timelines, hazardous working conditions, and tight profit margins, IoT can create a manageable view of construction sites for project managers, streamline operations, and protect workers. In addition, it allows real-time data streams of assets, automates time-consuming tasks, and ensures employee safety and productivity. IoT integration with equipment manufacturing also has rich advantages for asset monitoring sensors. This, combined with artificial intelligence (AI) can help forecast materials and workers needed during the procurement stage and assist in forecast financing. Read GlobalData’s whitepaper to find out more, including information on:
  • IoT value chain
  • Market size and growth forecasts
  • Mergers and acquisitions
  • Leading IoT adopters in construction
  • Specialist IoT vendors in construction
Don’t get left behind – find out how IoT can fortify your operations and make investments now.
by GlobalData
Enter your details here to receive your free Report.

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