29 Jul 2021
Posted in Business Fundamentals
JP Morgan top M&A financial adviser in construction sector for H1 2021, finds GlobalData
JP Morgan emerged as the top financial adviser for mergers and acquisitions (M&A) by both value and volume in the construction sector for H1 2021, having advised on 21 deals worth US$92.7bn. A total of 1,957 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 Construction M&A Report Financial Adviser League Tables H1 2021’, deal value for the sector increased by 140% from US$126bn in H1 2020 to US$303bn in H1 2021.
Ravi Tokala, Lead Analyst at GlobalData, comments: “JP Morgan and Rothschild & Co were the only two firms that managed to advise on more than 20 deals. Despite having advised on 21 deals, Rothschild & Co lagged behind JP Morgan in terms of deal volume due to its involvement in relatively low-value deals. Surprisingly, it also did not feature among the top five advisors by value.
“Meanwhile, JP Morgan was the only adviser to surpass US$90bn. JP Morgan managed to advise on thirteen billion-dollar deals (valued more than or equal to US$1bn) that also included two deals valued more than US$36bn and US$16bn each, which helped it take the top position. Further, Rothschild & Co advised on six deals valued more than US$1bn.”
Goldman Sachs occupied the second position in terms of value with 18 deals worth US$76.5bn, followed by Deutsche Bank with five deals worth US$40.5bn, UBS with four deals worth US$37.8bn and Bank of America with seven deals worth US$24.7bn.
Rothschild & Co occupied the second position in terms of volume with 21 deals worth US$19.8bn, followed by Goldman Sachs with 18 deals worth US$76.5bn, KPMG with 14 deals worth US$3.3bn and Lazard with 13 deals worth US$24.1bn.