Top financial advisers by value and volume in global retail sector in H1 2020 revealed

3 August 2020 (Last Updated October 28th, 2020 12:16)

Financial advisers Goldman Sachs and Bank of America were the top mergers and acquisitions (M&A) financial advisers in the global retail sector in the first half (H1) of 2020, based on deal value and volume, respectively, according to GlobalData.

Goldman Sachs advised on six deals worth $20.56bn, which was the highest among all the advisers. Meanwhile, Bank of America led in volume terms having advised on seven deals worth $9.67bn during H1.

Barclays occupied the second position by value with three deals worth $12.58bn followed by JP Morgan with three deals worth $12.55bn. Goldman Sachs occupied the second position by volume followed by Citi with six deals worth $2.66bn.

GlobalData financial deals analyst Aurojyoti Bose said: “The deal activity remained subdued in volume terms in the retail sector and none of the advisers managed to showcase double-digit deal volume. However, despite the turmoil brought in by the COVID-19 outbreak and declines in deal volume, the retail sector witnessed announcement of big-ticket deals such as Charoen Pokphand Group’s acquisition of Tesco’s operations in Thailand and Malaysia for $10.6bn.

“This mega-deal saw involvement of all top seven firms by value. Meanwhile, Goldman Sachs also advised on two additional deals worth greater than or equal to $1bn, thereby managing to occupy the top spot.”

The number of deals announced in the global retail sector decreased by 20.26% from 1,239 in H1 2019 to 988 in H1 2020.

Deal value increased by 7.96% from $45.97bn in H1 2019 to $49.63bn in H1 2020.

Goldman Sachs, which topped the retail sector deals league table by value, also stood at the top position (by value) in GlobalData’s recently released global league table of top 20 M&A financial advisers.

Bank of America, which topped the retail sector league table by volume, occupied the seventh position (by volume) in the global league table.

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.