JP Morgan has secured the top spot as the leading mergers and acquisitions (M&A) financial adviser in the retail sector, based on both value and volume, in the first half (H1) of 2025.
GlobalData, which is the parent of Retail Insight Network, ranked advisers by the value and volume of M&A deals on which they advised.
Go deeper with GlobalData
JP Morgan achieved the highest rank for deal value, having advised on six transactions totalling $42.3bn in H1 2025.
GlobalData lead analyst Aurojyoti Bose stated: “For JP Morgan, there was an improvement in the total volume and value of deals advised by it in H1 2025 compared to H1 2024. However, the improvement was very prominent in terms of value, as all six deals advised by it during H1 2025 were billion-dollar deals.
“Among these deals, JP Morgan’s involvement in the $23.7bn deal for acquisition of Walgreens Boots Alliance by Sycamore Partners was pivotal for it in securing the top spot by value.”
Goldman Sachs followed JP Morgan in terms of deal value, advising on transactions worth a total of $30bn.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataCiti followed closely at $29.2bn, while UBS and Wells Fargo advised on deals valued at $28bn and $26.3bn, respectively.
In terms of deal volume, UBS secured second position with six deals.
Bank of America, Rothschild & Co and Ernst & Young each advised on four deals, securing their positions among the top financial advisers for retail sector M&A in H1 2025.
GlobalData’s league tables are based on the real-time tracking of thousands of company websites, advisory company 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 of deals from leading advisers.
