GlobalData, a leading data and analytics company, has revealed its global league tables for top 10 financial advisers in retail sector by value and volume for Q1–Q3 2020 in its report, ‘Global and Retail M&A Report Financial Adviser League Tables Q1-Q3 2020’
According to GlobalData’s M&A report, a total of 889 M&A deals were announced in the retail sector during the period. There was a 58.6% decrease over the 2,146 deals that were announced during Q1–Q3 2019. Deal value also witnessed a year-on-year decrease of 67.3% from $189bn to $62bn.
Goldman Sachs tops by value
As per GlobalData’s ranking, Goldman Sachs achieved top position both in terms of value having advised on eight deals worth $21bn. This was the highest value among all the advisers.
JP Morgan occupied the second position by value with five deals worth $15.6bn, followed by Barclays and HSBC with three deals each worth $12.6bn and $11.5bn, respectively.
Goldman Sachs leads by volume
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By GlobalDataGoldman Sachs took the top position in the volume category too with eight deals worth $21bn. Bank of America occupied the second position in terms of volume with eight deals worth $10.4bn, followed by Ernst & Young with eight deals worth $4.1bn and UBS with seven deals worth $11.3bn.
GlobalData lead analyst Aurojyoti Bose said: “Deal activity remained subdued during the Covid-19 hit 2020 with none of the advisers including Goldman Sachs able to report double digit deal volume. However, it managed to advise on some of the big-ticket deals and was the only adviser to surpass $20bn mark during these challenging times.
“Goldman Sachs advised on three billion-dollar deals (greater than or equal to $1bn), out of which there was one megadeal (>$10bn).”
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