GlobalData, a leading data and analytics company, has revealed its league tables for top 10 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.
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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.”
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By GlobalDataAccording 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.
Top legal advisers by value and volume
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.
