GlobalData, a leading data and analytics company, has revealed its global league tables for top 10 financial advisers in consumer sector by value and volume for Q1–Q3 2020 in its report, ‘Global and Consumer M&A Report Financial Adviser League Tables Q1-Q3 2020’.
According to GlobalData’s M&A report, a total of 2,244 M&A deals were announced in the consumer sector during the period. There was a 23.2% decrease over the 2,922 deals announced during Q1-Q3 2019. Deal value decreased by 50.3% from $278bn in Q1-Q3 2019 to $138bn in Q1-Q3 2020.
Goldman Sachs tops by value
As per GlobalData’s ranking, Goldman Sachs took the top spot in terms of deal value by advising on 23 deals worth $21.1bn, which was the highest value among all the advisers.
Morgan Stanley occupied the second position in terms of value with 15 deals worth US$20.1bn, followed by Citi and JP Morgan with nine deals each worth US$17.1bn and US$15.4bn, respectively.
PwC leads by volume
PwC led in terms of volume having advised on 25 deals worth $3.5bn. Goldman Sachs took the second position in the volume category. Rothschild & Co secured the third position in terms of volume with 21 deals valued at $1.6bn, followed by Ernst & Young with 20 deals worth $2.5bn and Houlihan Lokey with 18 deals worth $2.2bn.
GlobalData financial deals analyst Aurojyoti Bose said: “Goldman Sachs was the only adviser to advise on more than 20 deals and also showcase more than US$20bn in deal value. This not only helped the firm top the list by value, but also occupy the second position in terms of volume.
“In contrast, PwC, despite advising on more deals than Goldman Sachs, did not even feature in the list of top 10 advisors by value due to its involvement in low value transactions. Of the top ten advisors by volume, only three managed to find a place in top ten list by value.”
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