Top financial advisers by value and volume in global consumer goods sector in H1 2020 revealed
24 July 2020 (Last Updated October 28th, 2020 12:18)
Citi and PwC were the top mergers and acquisitions (M&A) financial advisers in the global consumer goods sector in the first half (H1) of 2020, based on deal value and volume, respectively, according to GlobalData.
Citi advised on six deals worth $16.8bn, which was the highest among all the advisers. Meanwhile, PwC led in volume terms having advised on 17 deals worth $540.5m during H1.
GlobalData financial deals analyst Aurojyoti Bose said: “PwC held the top spot in terms of deal volume but fell behind many of its peers in terms of value – it did not even make it to the top ten by value. The majority of the firms in the top ten list by volume also lagged behind in terms of value with only three – Goldman Sachs, Morgan Stanley and Credit Suisse – able to make it to the list of top ten advisers by value. On the other hand, total deal value for three – PwC, Rothschild & Co and KPMG – of the top ten by volume added up to less than$1bn each.
“Meanwhile, Rockefeller Capital Management managed to make it to the top ten list by value with only one deal, while only two of the top ten (by value) managed to register double-digit deal volume. It seems that advising on fewer but higher-value deals seems enough to rank highly right now.”
Goldman Sachs occupied second position by value with 16 deals worth $16.6bn, followed by Morgan Stanley with ten deals worth $16.5bn.
Goldman Sachs also occupied second position by volume, followed by Ernst & Young with 16 deals worth $2.4bn.
The number of deals announced in the global consumer goods sector decreased by 24.3% from 2,588 in H1 2019 to 1,959 in H1 2020.
Deal value decreased by 49% from $144.5bn in H1 2019 to $73.7bn in H1 2020.
PwC, which topped the consumer goods sector league table by volume, also occupied fifth place (by volume) in the global league table.
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.