GlobalData, a leading data and analytics company, has revealed its league tables for top 10 financial advisers by value and volume in global retail sector for 2020 in its report, ‘Global and Retail M&A Review & Legal Adviser League tables’.
According to GlobalData’s M&A report, a total of 1,971 M&A deals were announced in the sector during 2020, marking a 42.5% decrease over the 3,430 deals announced in 2019. The deal value decreased by 46.5% from $308bn in 2019 to $165bn in 2020.
Top Advisers by Value and Volume
Bank of America emerged as the top financial adviser for mergers and acquisitions (M&A) in the global retail sector for 2020, having advised on 17 deals worth $40.6bn.
GlobalData lead analyst Aurojyoti Bose said: “Bank of America was the only adviser that managed to cross the $40bn mark. The firm advised on seven billion-dollar deals worth greater than or equal to $1bn including a mega deal (valued more than or equal to $10bn). Involvement in such high value transactions and advising on double-digit deal volume helped the firm to occupy the top spot.”
Despite Morgan Stanley also advising on the same number of deals, it lost the top position by value due to its involvement in less high-value transactions. The firm advised on deals worth $21.4bn, including five deals worth greater than or equal to $1bn, but lacked any mega deal.
Barclays occupied the second position in GlobalData’s ranking of financial advisers for M&As in the global retail sector by value with seven deals worth $32.8bn, followed by Goldman Sachs with 16 deals worth $28.2bn and JP Morgan with eight deals worth $22bn.
Goldman Sachs occupied the third position in terms of volume, followed by Ernst & Young with 11 deals worth $4.1bn.
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.