Goldman Sachs was the leading financial adviser globally for mergers and acquisitions (M&A) in the first quarter (Q1) of 2020 in the consumer sector, according to GlobalData.
The investment bank advised on seven deals worth a combined $11.3bn.
It was in the first position in GlobalData’s Q1 2020 ranking of top 20 financial advisers for global mergers and acquisitions.
GlobalData has published a top ten league table of financial advisers ranked according to the value of announced M&A deals globally. If the value remains the same for multiple advisers, deal volume is given weight.
Morgan Stanley trailed Goldman Sachs, clocking four deals worth $10.6bn.
The consumer sector saw a 1.76% decrease in deal value from $55.9bn in Q1 2019 to $40.9bn in Q1 2020. Deal volumes also declined by 15.67% from 1,257 to 1,060.
GlobalData financial deals analyst Aurojyoti Bose said: “Goldman Sachs, Morgan Stanley and Citi were the three advisers that managed to surpass the $10bn mark during Q1 2020. Interestingly, all three firms advised on fewer deals compared to their peers but were involved in some of the big-ticket deals. The sector witnessed seven billion-dollar deals (>=$1bn) and these three firms (independently or together) advised on three such deals.”
PwC leads by volume
PwC has secured the top spot in the latest global M&A financial advisers league table based on deal volume in Q1 2020, advising on 11 deals worth $431.8m.
Rothschild & Co settled in second position (in volume terms) with nine transactions worth $639.2m.
Bose added: “Advising on big-ticket deals is vital as PwC, despite occupying the top spot in volume terms, did not feature among the top ten advisors by value. Rothschild & Co also failed to secure a ranking.”
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.