Goldman Sachs was the leading financial adviser globally for mergers and acquisitions (M&A) in Q1-Q3 2019 in the consumer sector, according to GlobalData.
The investment bank advised on 39 deals worth a combined $55.0bn, including the big ticket deal, Merlin Entertainments’ acquisition by KIRKBI Invest, Blackstone and Canada Pension Plan Investment Board (CPPIB) for $7.56bn.
It figured in the first position in GlobalData’s Q1-Q3 2019 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 weightage.
Rothschild & Co trailed Goldman Sachs, clocking 49 deals worth $45.2bn. With 16 deals valued at $41.7bn, Credit Suisse figured at third position.
The consumer sector saw a 7.97% reduction in deal value from $ 246.00bn in Q1-Q3 2018 to $ 226.39bn in Q1-Q3 2019. On the contrary, deal volumes grew by 35.25 from 2,891 in Q1-Q3 2018 to 3,910 in Q1-Q3 2019.
UK-based law firm Latham & Watkins led the chart of top ten legal advisers in terms of value. It provided legal services for 36 deals worth a combined $42.9bn. Freshfields Bruckhaus Deringer advised on 16 deals worth $39.6bn. In the global league table of top 20 legal advisers for Q1-Q3 2019, Wachtell, Lipton, Rosen & Katz topped the list. Latham & Watkins stood at eighth position while Kirkland & Ellis figured at the second position.
GlobalData Financial Deals Analyst Nagarjun Sura said: “Latham & Watkins emerged as the top legal adviser in the consumer sector, mainly driven by its involvement in a big-ticket deal – Eldorado Resorts acquisition of Caesars Entertainment for US$17.3bn. With respect to deal value, only Goldman Sachs was able to cross US$50bn mark and topped the financial adviser category.”
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.
Verdict deals analysis methodology
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.