GlobalData, a leading data and analytics company, has revealed its league tables for top 10 financial advisers by value and volume in global power sector for 2020 in its report, ‘Global and Power M&A Review & Financial Adviser League tables’.
According to GlobalData’s M&A report, a total 2,033 M&A deals were announced in the sector during 2020, marking a 18.3% decrease over the 2,487 deals announced in 2019. The deal value increased by 1% from $272bn in 2019 to $275bn in 2020.
Top Advisers by Value and Volume
HSBC and Ernst & Young were the top mergers and acquisitions (M&A) financial advisers in the global power sector for 2020 by value and volume, respectively. HSBC advised on six deals worth $30.7bn, which was the highest value among all the advisers. Meanwhile, Ernst & Young led in volume terms having advised on 27 deals worth $3.3bn.
GlobalData lead analyst Aurojyoti Bose said: “Ernst & Young was among the only two firms (the other firm being PwC) that managed to advise on more than 20 deals. PwC, which occupied the second position by value, advised on 21 deals worth $1.4bn. Surprisingly, both Ernst & Young and PwC not only lost the top position by value to HSBC that only advised on a single-digit deal volume, but also failed to secure a ranking in the list of top ten advisers by value.
“HSBC managed to advise on four billion-dollar deals worth greater than or equal to $1bn including a mega deal (deal valued more than or equal to $10bn). It was also the only firm to cross $30bn during 2020.”
Morgan Stanley occupied the second position in GlobalData’s ranking of financial advisers for M&As in the global power sector by value with 16 deals worth $27.9bn, followed by Goldman Sachs with 15 deals worth $22.6bn and BNP Paribas with 11 deals worth $22bn.
Morgan Stanley also held the third position by volume, followed by Rothschild & Co with 16 deals worth $7.8bn.
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.