GlobalData, a leading data and analytics company, has released its rankings of the top 10 financial and legal advisors by value and volume in the financial services industry for the first and third quarters of 2022.
A total of 2,615 mergers and acquisitions (M&A) deals worth $286.6 billion were announced across the industry in the first quarter of 2022.
Top Financial Advisors by Value and Volume
According to GlobalData’s “Global and Financial Services M&A Report Financial Adviser League Tables Q1-Q3 2022”, Goldman Sachs and Piper Sandler emerged as the top M&A advisors in the financial services industry for the first and third quarters of 2022 in value and volume, respectively.
Goldman Sachs advised on $93.7 billion in deals, while Piper Sandler advised on a total of 37 deals.
GlobalData senior analyst Aurojyoti Bose said, “Piper Sandler was just three shy of the 40-deal mark, but had a six-deal lead over its nearest competitor. leading in volume, it lagged in trade value and did not make it into this top 10 list.
“During this time, despite advising on relatively fewer deals, Goldman Sachs managed to be the top deal value adviser due to its involvement in several large deals. The firm advised on nine $1 billion deals. dollars, including two mega-deals valued at over $10 billion, one of which was valued at over $50 billion.
According to GlobalData’s Financial Transactions Database, other high rankers by value included JP Morgan in second place with $90.1 billion in transactions; followed by Morgan Stanley with $87.7 billion; Citi with $80.6 billion; and Bank of America with $70.5 billion.
In volume, Stifel/KBW was in second place with 31 deals; followed by Houlihan Lokey with 24 transactions; Goldman Sachs with 22 deals; and Rothschild & Co with 21 transactions.
Leading Legal Advisors by Value and Volume
According to GlobalData’s “Global and Financial Services M&A Report Legal Adviser League Tables Q1-Q3 2022″, AZB & Partners and Kirkland & Ellis emerged as the top M&A legal advisers in the financial services industry for the first quarter of 2022 in terms of transaction value and volume, respectively. .
AZB & Partners advised on $69.7 billion in deals, while Kirkland & Ellis advised on a total of 46 deals.
Bose said, “AZB & Partners and Kirkland & Ellis have been clear winners in the financial services sector. Kirkland & Ellis was the only firm to advise over 40 deals, but was only four away from hitting the 50 deal mark. AZB & Partners was also shy, sitting just $300,000 below the $70 billion mark. In addition to being in the lead in terms of transaction volume, Kirkland & Ellis held the eighth position in value. AZB & Partners, in addition to being the leader in value, occupied the sixth position in volume.
According to GlobalData’s Financial Transactions Database, other high rankers by value included Cravath Swaine & Moore took second place with $61.6 billion in transactions; followed by Argus Partners with $58.8 billion; and Singhi & Co and Wadia Ghandy jointly ranked fourth with deals worth $58.5 billion.
In terms of volume, Alston & Bird secured second place with 38 transactions; followed by Willkie Farr & Gallagher with 30 transactions; Allen & Overy with 29 offers; and White & Case with 28 transactions.
GlobalData’s leaderboards are based on real-time tracking of thousands of business websites, consulting firm websites, and other trusted sources available on the secondary domain. A dedicated team of analysts monitors all these sources to gather detailed details for each transaction, including the names of advisors.
To ensure greater data robustness, the company also solicits submissions from leading advisors, via advisor submission forms on the GlobalData website.