JP Morgan has emerged as the top financial adviser for mergers and acquisitions (M&A) by both value and volume in technology, media & telecom (TMT) sector for Q1 2021, having advised on 41 deals worth US$72.5bn. A total of 3,009 M&A deals were announced in the sector during Q1 2021, according to GlobalData, a leading data and analytics company.

According to GlobalData’s report, ‘Global and Technology, Media & Telecom M&A Report Financial Adviser League Tables Q1 2021’, deal value for the sector increased by 88% from US$175bn in Q1 2020 to US$329bn in Q1 2021.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “JP Morgan registered a significant jump of 173.3% and 187.1% in the total volume and value of advised deals in Q1 2021 compared to Q1 2020, respectively. The firm also managed to advise on 19 billion-dollar deals (deals worth greater than or equal to US$1bn). Involvement in such big-ticket deals, coupled with the significant jump in the total volume and value of advised deals, helped JP Morgan to occupy the top spot.”

Bank of America occupied the second position by value with 25 deals worth US$68.3bn followed by Goldman Sachs with 34 deals worth US$67.8bn and Credit Suisse with 21 deals worth US$42.7bn.

Goldman Sachs, Bank of America and Credit Suisse also occupied the second, third and fourth position by volume, respectively.