Lazard was the leading financial adviser globally for mergers and acquisitions (M&A) in Q1 2019 in the retail sector, according to GlobalData.
The financial advisory and asset management firm advised on three deals worth a total of $5.5bn, including the big ticket deal of Transform Holdco’s acquisition of assets and business of Sears Holdings for $5.2bn.
Lazard finished at 14th position in the GlobalData’s Q1 2019 ranking of top 20 financial advisers for global mergers and acquisitions.
Evercore Partners, M-III Partners and Moelis& Co shared the second position with just one deal in the sector table, but worth $5.2bn.
Nagarjun Sura, financial deals analyst at GlobalData, said: “Though the overall deal volume in the retail sector witnessed an increase in Q1 2019, disclosed deal value dropped because of the limited number of big ticket deals amidst the growing struggle for conventional retail stores.”
The retail sector saw a decline in deal value while volumes grew in Q1 2019 compared with Q1 2018. The total value declined by 8.6% from $25.4bn in Q1 2018 to $23.3bn in Q1 2019. Deal volumes increased by 38.8% from 407 in Q1 2018 to 565 in Q1 2019.
US-based law firm Cleary Gottlieb Steen & Hamilton emerged as the lead player in the list of top 10 legal advisers, in terms of deal value. It advised on two deals worth a combined $5.3bn. Weil Gotshal & Manges occupied the second position in terms of value, advising on two deals worth $5.2bn.
In the global league table of top 20 legal advisers for Q1 2019, Cleary Gottlieb Steen & Hamilton was ranked tenth while Weil Gotshal & Manges finished at 16th position.
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
Verdict deals analysis methodology
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.