Goldman Sachs was the leading financial adviser globally for mergers and acquisitions (M&A) in 2019 in the consumer sector, according to GlobalData.
The investment bank advised on 49 deals worth a combined $66.7bn, including the big-ticket deal, Merlin Entertainments’ acquisition by KIRKBI Invest, Blackstone and Canada Pension Plan Investment Board (CPPIB) for $7.56bn.
It was in the first position in GlobalData’s 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 weight.
Credit Suisse trailed Goldman Sachs, clocking 24 deals worth $65.5bn. With 26 deals valued at $48.8bn, Morgan Stanley was at third position.
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By GlobalDataThe consumer sector saw a 1.76% reduction in deal value from $312.0bn in 2018 to $306.5bn in 2019. On the contrary, deal volumes grew by 26.65% from 4,067 in 2018 to 5,151 in 2019.
US-based law firm Skadden, Arps, Slate, Meagher & Flom led the chart of top ten legal advisers in terms of value. It provided legal services for 23 deals worth a combined $62.9bn. Cleary Gottlieb Steen & Hamilton advised on 25 deals worth $48.7bn. In the global league table of top 20 legal advisers for 2019, Wachtell, Lipton, Rosen & Katz topped the list. Skadden, Arps, Slate, Meagher & Flom stood at ninth position.
GlobalData financial deals analyst Nagarjun Sura said: “Goldman Sachs emerged as the top financial adviser in the Consumer sector, whereas Rothschild settled in the fourth position despite recording the largest volume at 60 deals. Major International Flavors & Fragrances (IFF) Merger with DuPont Nutrition & Biosciences helped Skadden and Cleary Gottlieb to occupy first and second positions respectively in the legal 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 the highest level of data robustness, the company also seeks submissions from leading advisers through adviser submission forms on GlobalData’s website.