Top ten retail M&A financial and legal advisers for H1 2019 revealed

12 August 2019 (Last Updated August 14th, 2019 16:42)

Bank of America Merrill Lynch was the leading financial adviser globally for mergers and acquisitions (M&A) in H1 2019 in the retail sector, according to GlobalData.

Top ten retail M&A financial and legal advisers for H1 2019 revealed

Bank of America Merrill Lynch was the leading financial adviser globally for mergers and acquisitions (M&A) in H1 2019 in the retail sector, according to GlobalData.

The American investment bank advised on 11 deals worth $15.6bn, including the big-ticket deal of EP Global’s acquisition of a 100% stake in Metro.

Bank of America Merrill Lynch finished at sixth position in GlobalData’s recently released GlobalData’s H1 2019 ranking of top 20 financial advisers for global mergers and acquisitions.

HSBC was in the second position with eight deals worth $12.2bn.

GlobalData financial deals analyst Nagarjun Sura comments: “In the retail sector, six out of the top seven financial advisers were involved in EP Global’s acquisition of Metro for $9.7bn. Interestingly, legal adviser Hengeler Mueller made it to the second position by advising on this single transaction.”

The retail sector saw a decline in deal value while volumes grew in H1 2019 compared with H1 2018. The total value declined by 19.9% from $89.9bn in H1 2018 to $72.1bn in H1 2019. Deal volume increased by 42.4% from 857 to 1,220.

Law firm Kirkland & Ellis emerged as the lead player in the list of top ten legal advisers, in terms of deal value. It advised on 12 deals worth a combined $12.0bn. Hengeler Mueller occupied the second position in terms of value, advising on just one deal worth $9.7bn.

In the global league table of top 20 legal advisers for H1 2019, Kirkland & Ellis was placed second. The global league table was led by Wachtell, Lipton, Rosen & Katz.

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