RBC Capital Markets was the leading financial adviser globally for mergers and acquisitions (M&A) in Q1 2019 in the power sector, according to GlobalData.
The investment bank advised on six deals worth $3.3bn, including the big ticket deal of Enmax’s acquisition of Emera Maine from Emera for $1.3bn.
Rothschild & Co stood at second position in the table with six deals worth $2.2bn while Citi finished at third with three deals, but worth the same amount.
GlobalData has published a top 10 league table of financial advisers ranked according to the value of announced M&A deals globally. If value remains same for multiple advisers, deal volume is given weightage.
RBC Capital Markets finished at 16th position in the GlobalData’s Q1 2019 ranking of top 20 financial advisers for global mergers and acquisitions. JP Morgan topped the global rankings chart, followed by Goldman Sachs.
The total deal value in the power sector plunged by 50.2% to $77.7bn in Q1 2019 from $156.0bn in Q1 2018. The sector saw 636 deals in Q1 2019, an increase of 8.5% from 586 deals in Q1 2018.
US-based law firm Skadden Arps Slate Meagher & Flom led the top 10 legal advisers list in terms of deal value. The firm provided legal services to three deals worth $3.2bn. Philippi Prietocarrizosa Ferrero DU & Uria secured the second position with five deals worth a total of $2.2bn. Interestingly, with just one big-ticket deal of Enmax’s acquisition of Emera Maine from Emera for $1.3bn, legal firms Bernstein, Shur, Sawyer& Nelson; Blake, Cassels & Graydon; and Bracewell secured eighth position.
In the global league table of top 20 legal advisers for Q1 2019, Kirkland & Ellis secured number one position. Skadden Arps Slate Meagher & Flom secured sixth position in the global 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