GlobalData, a leading data and analytics company, has revealed its league tables for top 20 financial and legal advisers by value and volume in consumer sector for Q1 2022.
A total of 982 merger and acquisition (M&A) deals worth $48.6bn were announced in the sector during Q1 2022.
Top financial advisers by value and volume
According to GlobalData’s ‘Global and Consumer M&A Report Financial Adviser League Tables Q1 2022’, Morgan Stanley and Ernst & Young have respectively secured the top spots by value and volume in the consumer sector in Q1 2022.
Morgan Stanley achieved the top ranking by value by advising on $16.7 billion worth of M&A deals, while Ernst & Young led by volume, having advised on a total of 11 deals.
GlobalData lead analyst Aurojyoti Bose said: “Morgan Stanley was the clear winner in terms of value as it was the only adviser to surpass the $10 billion mark, thereby outpacing its peers by a big margin. Moreover, it also managed to occupy the second position by volume.
“On the other hand, while most of the advisers reported single-digit deal volume, Ernst & Young was the only one to report double-digit deal volume. However, it did not feature in the list of top 10 advisers by value due to its involvement in low-value transactions.”
According to the financial deals database of GlobalData, the other high rankers by value included Goldman Sachs, with deals worth $9.4bn; Deutsche Bank, with $8.9bn; Citi, with $8.5bn; and Barclays, with $6.9bn.
In terms of volume, Morgan Stanley occupied the second position, with nine deals; followed by Goldman Sachs, with nine deals; KPMG, with nine deals and JP Morgan, with eight deals.
Top legal advisers by value and volume
Skadden, Arps, Slate, Meagher & Flom and Kirkland & Ellis have respectively secured the top spots by value and volume in the consumer sector in Q1 2022, respectively.
Skadden, Arps, Slate, Meagher & Flom achieved the top ranking by value by advising on $13.9bn worth of M&A deals, while Kirkland & Ellis led by volume, having advised on a total of 14 deals, according to GlobalData’s ‘Global and Consumer M&A Report Legal Adviser League Tables Q1 2022’.
GlobalData lead analyst Aurojyoti Bose said: “Kirkland & Ellis was among the only three advisers to record double-digit deal volume. However, it lagged in terms of value and had to settle for the 10th position by this metric.
“Meanwhile, Skadden, Arps, Slate, Meagher & Flom managed to top by value despite advising on about half the number of deals advised by Kirkland & Ellis. The firm’s involvement in two deals valued at more than $5 billion was pivotal for the company in securing the top spot by value.”
According to the financial deals database, the other high rankers by value included Latham & Watkins, in second place with deals worth $11.9bn; Sullivan & Cromwell, in third with $7.2bn; Debevoise & Plimpton, and Fried Frank Harris Shriver & Jacobson, both came in fourth with deals worth $6.6bn.
By volume, Latham & Watkins occupied the second position, with 11 deals; followed by Jones Day, with 11 deals; Skadden, Arps, Slate, Meagher & Flom, in fourth with eight deals and DLA Piper coming in fifth with eight 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.