JP Morgan leads the latest M&A league table of the top financial advisers for the Power industry for Q3 2018, compiled by leading data analytics company GlobalData.
The US investment bank was involved in the highest value of deals, with six transactions worth $11.2bn – including the industry’s top value deal, the potential Vertiv stake sale for $6bn.
According to GlobalData, which uses its tracking of all merger and acquisition, private equity/venture capital and asset transaction activity around the world to compile the league table, Goldman Sachs and Citi are the other two banks among the top three advisers working on deals with $6bn and $4bn respectively in the quarter.
Total power sector deals saw a drop in both value and volumes during the third quarter of 2018 as against the same quarter the previous year. The total value of announced deals fell by almost 50% to $51.99bn in Q3 2018 from $102.44bn in Q3 2017. Volumes dipped by 22.7%, from 648 deals in Q3 2017 to 501 in Q3 2018.
Top financial advisers in power for Q3 2018
Slaughter and May tops the M&A legal advisers ranking for power in Q3 2018
UK-based law firm Slaughter and May topped the chart of top 10 legal advisers by value with just one big-ticket deal worth $4.6bn. It served as the sole adviser to the 50% acquisition deal by the Global Infrastructure Partners in Hornsea One Offshore Wind Project in the UK. Linklaters provided legal services to four transactions worth $3.9bn, while Norton Rose Fulbright came third with seven deals worth $1.85bn.
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By GlobalData
Top legal advisers in the power sector for Q3 2018 as tracked by GlobalData