Freshfields Bruckhaus Deringer advised on six deals worth $12.66bn, which was the highest among all the advisers. Meanwhile, Jones Day led in volume terms having advised on ten deals worth $144.65m during H1.
GlobalData financial deals analyst Aurojyoti Bose said: “Jones Day was the only firm to advise on double-digit deal volume but surprisingly it did not even feature among the top ten advisers by value. There was a wide disparity in deal value between the top adviser by value and volume.
“Meanwhile, the average deal size for Freshfields Bruckhaus Deringer stood at $2.1bn, it was just $14.47m for Jones Day . Freshfields Bruckhaus Deringer ’s involvement in big-ticket deals such as Charoen Pokphand Group ’s acquisition of Tesco ’s operations in Thailand and Malaysia for $10.6bn helped it secure the top position by value, while Jones Day lagged behind due to involvement in low-value transactions.”
Allen & Overy occupied the second position by value with five deals worth $12.12bn followed by Linklaters with four deals worth $12.1bn. CMS occupied the second position by volume with eight deals worth $93.93m followed by Latham & Watkins with seven deals worth $899.9m.
Bose adds: “Akin to Jones Day , these two firms also failed to make it to the list of top ten advisers by value.”
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, however, increased by 7.96% from $45.97bn in H1 2019 to $49.63bn in H1 2020.
Freshfields Bruckhaus Deringer , 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 legal advisers.
Jones Day , which topped the retail sector league table by volume, occupied the second 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.