Top ten power sector M&A financial advisers for H1 2020 revealed

31 July 2020 (Last Updated August 2nd, 2020 14:28)

Barclays and Ernst & Young (EY) were the top mergers and acquisitions (M&A) financial advisers in the global power sector in the first half (H1) of 2020, based on deal value and volume, respectively, according to GlobalData.

Barclays advised on six deals worth $10.4bn, which was the highest among all the advisers. EY led in volume terms having advised on 16 deals worth $978m.

GlobalData financial deals analyst Aurojyoti Bose said: “Despite advising on relatively lesser number of deals, Barclays was the only adviser to cross the US$10bn mark in H1 2020, outpacing its peers by a great margin. The firm advised on fewer but higher value deals, which also helped it top the list.

“In contrast, Ernst & Young, which was the only adviser to showcase double-digit deal volume, failed to make it to the list of top ten advisers by value due to involvement in low-value transactions.”

Morgan Stanley stood at the second place by value with two deals worth $6.5bn followed by Societe Generale with two deals worth $6.1bn.

PwC occupied the second position by volume with eight deals worth $491.7m followed by Barclays.

The number of deals announced in the global power sector declined by 30.5% from 1,345 in H1 2019 to 935 in H1 2020. Deal value decreased by 19.9% from $109.4bn to $87.6bn.

Barclays, which topped the power sector deals league table by value, stood at eighth position (by value) in the recently released global league table of top 20 M&A financial advisers by GlobalData.

EY, which topped the power sector league table by volume, also occupied the top position (by volume) in the global league table.

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.