Goldman Sachs has emerged as the top financial adviser for mergers and acquisitions (M&A) by both value and volume in the power sector for H1 2021, having advised on seventeen deals worth $51bn. A total of 1,197 M&A deals were announced in the sector during H1 2021, according to GlobalData, a leading data and analytics company.

According to GlobalData’s report, ‘Global and Power M&A Report Financial Adviser League Tables H1 2021’, deal value for the sector increased by 116% from $102bn in H1 2020 to $220bn in H1 2021.

Ravi Tokala, Lead Analyst at GlobalData, comments: “Although Goldman Sachs experienced some competition in terms of deal volume, the firm was ahead by value due to its involvement in several big-ticket deals. In fact, Goldman Sachs was the only financial adviser that managed to surpass the $50bn mark during H1 2021, thereby outpacing its peers by a significant margin. The firm advised on eight deals valued more than or equal to $1bn, which also included two mega deals, valued more than or equal to $10bn.”

JP Morgan occupied the second position in terms of value with ten deals worth $44.4bn, followed by Bank of America with seven deals worth $32.6bn. Morgan Stanley occupied fourth position with 13 deals worth $32.4bn and Rothschild & Co ranked fifth with 14 deals worth $29.6bn.

Rothschild & Co and Morgan Stanley occupied the second and third positions by voolume, respectively, followed by Citi, which occupied fourth position with 13 deals worth $18.1bn, and Ernst & Young ranked fifth with 13 deals worth $545m.