Top ten power sector M&A financial and legal advisers for H1 2019 revealed

2 August 2019 (Last Updated August 8th, 2019 07:03)

Lazard was the leading financial adviser globally for mergers and acquisitions (M&A) in H1 2019 in the power sector, according to GlobalData.

Top ten power sector M&A financial and legal advisers for H1 2019 revealed

Lazard was the leading financial adviser globally for mergers and acquisitions (M&A) in H1 2019 in the power sector, according to GlobalData.

The financial advisory and asset management firm advised on five deals worth $7.1bn, including the big-ticket deal of Infrastructure Investments Fund’s acquisition of El Paso Electric for $4.3bn.

Centerview stood at the second position with just two deals, but worth $6bn, while JP Morgan finished at third with nine deals worth $5.4bn.

GlobalData has published a top ten league table of financial advisers ranked according to the value of announced M&A deals globally. If the value remains the same for multiple advisers, deal volume is given weighting.

Lazard, which topped the power league table of M&A financial advisers, finished at thirteenth position in the global league table of top 20 M&A financial advisers by GlobalData. Goldman Sachs topped the global rankings chart, followed by JP Morgan.

Tokala Ravi, financial deals analyst at GlobalData, says: “Infrastructure Investments Fund’s acquisition of El Paso Electric helped Lazard and Skadden to lead the tables of financial and legal categories, respectively. Despite advising on 12 transactions each, Rothschild & Co in the financial category and Linklaters in the legal category settled at eighth position due to low-value transactions.”

The total deal value in the power sector plunged by 48.5% from $278.0bn in H1 2018 to $143.1bn in H1 2019. The sector saw 1,362 deals in H1 2019, an increase of 11.5% from 1,222 deals in H1 2018.

US-based law firm Skadden, Arps, Slate, Meagher & Flom led the top ten legal advisers list in terms of deal value. The firm provided legal services to six deals worth $7.9bn. Mayer Brown secured second position with two deals worth $6.2bn.

In the global league table of top 20 M&A legal advisers, Skadden, Arps, Slate, Meagher & Flom secured tenth position. The global table was led by Wachtell, Lipton, Rosen & Katz.

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.