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May 10, 2022

Top 20 M&A financial and legal advisers in construction sector for Q1 2022 revealed

A total of 1,048 merger and acquisition (M&A) deals worth $91.4bn were announced in the sector during Q1 2022.

By Shalini Nair

GlobalData, a leading data and analytics company, has revealed its league tables for top 20 financial and legal advisers by value and volume in construction sector for Q1 2022.

A total of 1,048 merger and acquisition (M&A) deals worth $91.4bn were announced in the sector during Q1 2022.

Top financial advisers by value and volume

According to GlobalData’s ‘Global and Construction M&A Report Financial Adviser League Tables Q1 2022’, Bank of America and JP Morgan have been identified as the top M&A financial advisers in the construction sector in Q1 2022 by value and volume, respectively.

Bank of America secured the top ranking by value by advising on $21.9bn worth of deals, while JP Morgan led by volume table, having advised on a total of eight deals.

GlobalData lead analyst Aurojyoti Bose said: Bank of America is the only adviser that managed to surpass the $20bn mark during Q1 2022. Of the six deals advised by Bank of America, five were billion-dollar deals that also included two deals valued more than $5bn. The firm’s involvement in these big-ticket deals helped it to top the chart by value. Moreover, it also occupied the third position by volume.

“Similarly, JP Morgan, apart from leading by volume, also occupied the second position by value as it managed to advise on five billion-dollar deals*.”

According to the financial deals database of GlobalData, the other high rankers by value included JP Morgan, with deals worth $19.7bn; Citi, with $16bn; Goldman Sachs, with $13.2bn; and Bank of Nova Scotia, with $11bn.

In terms of volume, Rothschild & Co occupied the second position, with seven deals; followed by Bank of America, with six deals; Lazard, with six deals; and Clearwater International with six deals.

Fried, Frank, Harris, Shriver & Jacobson and Kirkland & Ellis have been identified as the top M&A legal advisers in the construction sector in Q1 2022 by value and volume, respectively.

Fried, Frank, Harris, Shriver & Jacobson achieved the top ranking by value by advising on $16bn worth of M&A deals. Meanwhile, Kirkland & Ellis led by volume, having advised on a total of 10 deals, according to GlobalData’s ‘Global and Construction M&A Report Legal Adviser League Tables Q1 2022’.

GlobalData lead analyst Aurojyoti Bose said, “Kirkland & Ellis was the only adviser to register a double-digit deal volume during Q1 2022. Moreover, its involvement in three billion-dollar deals helped it to occupy the sixth position by value.

“Meanwhile, Fried, Frank, Harris, Shriver & Jacobson advised on four billion-dollar deals that also included one deal valued at more than $5bn. The firm, apart from leading by value, also occupied the fifth position by volume.”

According to the financial deals database, the other high rankers by value included Simpson Thacher & Bartlett, with deals worth $13.8bn; Alston & Bird, with $11.3bn; Hunton Andrews Kurth, with $11bn; and McDermott Will & Emery, with $11bn.

In terms of volume, Clifford Chance occupied the second position, with six deals; followed by Baker McKenzie, with five deals; CMS, with five deals; and Fried, Frank, Harris, Shriver & Jacobson with four 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.

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