GlobalData has announced the latest updates to its Financial and Legal Adviser League Tables, which rank advisers in these categories by the total value and volume of merger and acquisition (M&A) deals they advised on in Q1–Q3 2022.
Simpson Thacher & Bartlett and Kirkland & Ellis were the top M&A legal advisers in the global construction sector by deal value and deal volume, respectively. Based on its Financial Deals Database, GlobalData, a leading business data analytics company, has revealed that Simpson Thacher & Bartlett achieved its top position by value by advising on $74 billion worth of deals. Meanwhile, Kirkland & Ellis led by volume by advising on 27 deals.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: "Simpson Thacher & Bartlett and Kirkland & Ellis emerged as clear winners, outpacing peers by a significant margin. Simpson Thacher & Bartlett was the only firm to surpass $70 billion in total deal value, while Kirkland & Ellis was the only firm to advise on more than 20 deals during Q1-Q3 2022.
"Moreover, Kirkland & Ellis managed to advise on eight billion-dollar deals, one of which was a 'mega deal' valued more than $10 billion. Due to its involvement in these big-ticket deals, Kirkland & Ellis was able to occupy the eighth position by value, as well as its leading position by deal volume. Similarly, Simpson Thacher & Bartlett occupied the tenth position by volume alongside its leading position by deal value."
Analysis of GlobalData's Financial Deals Database reveals that Fried, Frank, Harris, Shriver & Jacobson occupied the second position by value, by advising on $45.8 billion worth of deals; followed by Alston & Bird, with $43.9 billion. Gatti Pavesi Bianchi Ludovici and Legance - Avvocati Associati jointly occupied the fourth position by value, with each advising on deals worth $39.5 billion. Meanwhile, CMS occupied the second position in terms of volume with 19 deals; followed by Baker McKenzie, with 18 deals; Latham & Watkins, with 14 deals; and AZB & Partners, with 12 deals.
According to GlobalData's report, 'Global and Construction M&A Report Legal Adviser League Tables Q1-Q3 2022', a total of 3,203 M&A deals worth $310.2 billion were announced in the construction sector during Q1-Q3 2022.
JP Morgan and Rothschild & Co were the top M&A financial advisers in the construction sector for Q1-Q3 2022 by deal value and deal volume, respectively. Based on GlobalData's Financial Deals Database, JP Morgan achieved its leading position by value by advising on $123.7 billion worth of deals. Meanwhile, Rothschild & Co led by volume by advising on a total of 26 deals.
Bose continues: "Despite experiencing an 18.8% year-on-year decline in deals volume during Q1-Q3 2022, Rothschild & Co was the only firm that advised on more than 20 deals. Similarly, JP Morgan, which led by value, also suffered a 35.7% decline in deal volume but registered an 8.5% growth in total deal value—suggesting that the firm was involved in several big-ticket deals* during Q1-Q3 2022. JP Morgan managed to advise on 13 billion-dollar deals*, some of which were 'mega deals' valued more than $10 billion."
Goldman Sachs occupied the second position by value, advising on $117.1 billion worth of deals; followed by Citi, with $93.8 billion; Bank of America, with $80 billion; and Morgan Stanley, with $55.5 billion. Meanwhile, JP Morgan occupied the second position in terms of volume with 18 deals; followed by PwC, with 17 deals; Goldman Sachs, with 16 deals; and Clearwater International with 15 deals.
