GlobalData, a leading data and analytics company, has revealed its global league tables for top 10 financial advisers in power sector by value and volume for Q1–Q3 2020 in its report, ‘Global and Power M&A Report Financial Adviser League Tables Q1-Q3 2020’.
According to GlobalData’s M&A report, a total of 1,340 M&A deals were announced in the power sector during the period. There was a 27.2% decrease in Q1-Q3 2020 over the 1,840 deals that were announced during Q1–Q3 2019. Deal value also decreased by 19.5% from $188bn in Q1–Q3 2019 to $151bn in Q1–Q3 2020.
Morgan Stanley tops by value
As per GlobalData’s ranking, Morgan Stanley gained top spot in terms of value by advising on seven deals worth $10.6bn. This was the highest value among all advisers.
Barclays occupied the second position by value, with seven deals worth $10.4bn, followed by UBS, with four deals worth $9bn, and Credit Suisse, with seven deals worth $7.7bn.
Ernst & Young leads by volume
Ernst & Young led by volume having advised on 20 deals worth $1bn.
PwC occupied the second position by volume with 12 deals worth $0.9bn, followed by Goldman Sachs with ten deals worth $6.9bn and Citi with nine deals worth $5.3bn.
GlobalData lead analyst Aurojyoti Bose said: “Ernst & Young was the only advisor to touch the volume of 20 deals. However, due to its involvement in low-value transactions, it not only lost the top position by value to Morgan Stanley but also failed to make it to the list of top ten advisors by value.
“In contrast, Morgan Stanley advised on relatively few but high-value deals. The firm advised on three deals worth greater than or equal to $1bn, while Ernst & Young did not advise on any billion-dollar deals.”
GlobalData’s league tables are based on the real-time tracking of thousands of company websites, advisory firm websites and other reliable sources available on the secondary domain. A dedicated team of analysts monitors all these sources to gather in-depth details for each deal, including adviser names.
To ensure further robustness to the data, the company also seeks submissions from leading advisers, through adviser submission forms on GlobalData’s website