J.P. Morgan and Rothschild & Co have emerged as the leading mergers and acquisitions (M&A) financial advisers in the retail sector by value and volume, respectively, in the first to third quarters (Q1-Q3) of 2024, according to leading data and analytics company GlobalData’s latest league table.
GlobalData, the parent of Retail Insight Network, ranked advisers by the value and volume of M&A deals on which they advised.
According to the company's financial deals database, J.P. Morgan advised on deals worth $4.7bn, securing the top spot by value during the period.
In terms of volume, meanwhile, Rothschild & Co was placed at the top by advising on ten deals over the period.
GlobalData lead analyst Aurojyoti Bose said: “Rothschild & Co was the top adviser by volume during Q1-Q3 2023 and despite witnessing a YoY [year-on-year] decline in number of deals advised, it managed to retain the leadership position by this metric during Q1-Q3 2024. Apart from leading by volume, Rothschild & Co was also featured at fifth position in terms of value.
“Meanwhile, J.P. Morgan witnessed YoY improvement in the total value of deals advised by it during Q1-Q3 2024 compared to Q1-Q3 2023. Resultantly, its ranking by value improved from sixth position during Q1-Q3 2023 to the top position during Q1-Q3 2024. Apart from leading by value, J.P. Morgan also occupied the sixth position by volume during the review period.”
Solomon Partners followed J.P. Morgan in terms of value by advising on $3.8bn worth of deals in the period, with Bank of America following at $3.3bn.
Lazard and Rothschild & Co advised on deals worth $3.2bn and $2.8bn, respectively.
In terms of volume, Performance Brokerage Services held the joint first position by advising on ten deals over the period, followed by PwC with nine deals.
They were followed by Houlihan Lokey and KPMG with eight and seven deals, respectively.
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 of deals from leading advisers.
