Jefferies and Bank of America were the top mergers and acquisitions (M&A) financial advisers in the automotive sector for Q1 2021 by value and volume, respectively. Jefferies advised on one deal worth US$6bn, the highest value among all the advisers. Meanwhile, Bank of America led in volume terms having advised on three deals worth US$5.5bn. A total of 193 M&A deals were announced during Q1 2021, according to GlobalData, a leading data and analytics company.

GlobalData’s ‘Global and Automotive M&A Report Financial Adviser League Tables Q1 2021’ reveals that deal value increased by 60% from US$15bn in Q1 2020 to US$24bn in Q1 2021.

Ravi Tokala, Lead Analyst at GlobalData, comments: “Jefferies and Bank of America had a clear lead over the other advisers, both crossing the US$5bn deal value mark. This was mainly attributed to their involvement in billion-dollar deals (≥ US$1bn). Jefferies and Bank of America each advised one-billion-dollar deal.”

Bank of America also occupied the second position by value followed by Guggenheim Partners with two deals worth US$4.6bn and Citi with one deal worth US$4.6bn.

Guggenheim Partners occupied the second rank by volume followed by Goldman Sachs with two deals worth US$3.7bn and JP Morgan with two deals worth US$2.9bn.