1. Deals League Tables
May 6, 2022updated 08 May 2022 3:20pm

Top 20 M&A financial and legal advisers in retail for Q1 2022 revealed

A total of 479 merger and acquisition (M&A) deals worth $16.8bn were announced in the sector during Q1 2022.

GlobalData, a leading data and analytics company, has revealed its league tables for top 20 financial and legal advisers by value and volume in retail sector for Q1 2022.

A total of 479 merger and acquisition (M&A) deals worth $16.8bn were announced in the sector during Q1 2022.

Top financial advisers by value and volume

According to GlobalData’s ‘Global and Retail M&A Report Financial Adviser League Tables Q1 2022’, Bank of America and Rothschild & Co have been identified as the top M&A financial advisers in the retail sector in Q1 2022 by value and volume, respectively.

Bank of America achieved the top ranking by value by advising on $925 million worth of M&A deals, while Rothschild & Co led the volume table, having advised on four deals.

GlobalData lead analyst Aurojyoti Bose said: “Rothschild & Co, despite leading by volume, lagged in terms of value due to its involvement in low-value transactions and did not feature in the top 10 list by value. While the average size of deals advised by Rothschild & Co was $104 million, it stood at $462.5 million for Bank of America.

“Bank of America, apart from leading by value, also occupied the third position by volume.”

According to the financial deals database of GlobalData, the other high rankers by value included Jefferies, with deals worth $785m; Lazard, with $695m; UniCredit, with $695m; and DVR Capital, with $695m.

In terms of volume, Deloitte took the second position, with three deals; followed by Bank of America, with two deals; Jefferies, with two deals; and RBC Capital Markets with two deals.

Latham & Watkins and CMS have emerged as the top M&A legal advisers in the retail sector in Q1 2022 by value and volume, respectively.

Latham & Watkins achieved the top ranking by value by advising on $745m worth of M&A deals, while CMS led by volume, having advised on a total of four deals, according to GlobalData’s ‘Global and Retail M&A Report Legal Adviser League Tables Q1 2022’.

GlobalData lead analyst Aurojyoti Bose said: “Although CMS led by volume, it lagged significantly in terms of value and was behind its peers by this metric. Meanwhile, Latham & Watkins, apart from leading by value, also occupied the top position by volume.”

According to the financial deals database, the other high rankers by value included Torys, with deals worth $692m; Weil Gotshal & Manges, with $510m; AZB & Partners, with $507m; and Kirkland & Ellis, with $500m.

In terms of volume, Latham & Watkins took the second position, with three deals; followed by AZB & Partners, with three deals; Kirkland & Ellis, with three deals; and Herbert Smith Freehills with three deals.

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.