GlobalData, a leading data and analytics company, has revealed its league tables for top 10 financial and legal advisers by value and volume in power sector for H1 2022.
A total of 671 merger and acquisition (M&A) deals worth $163.9bn were announced in the sector during the period.
Top financial advisers by value and volume
According to GlobalData’s ‘Global and Power M&A Report Financial Adviser League Tables H1 2022’, Goldman Sachs and Rothschild & Co were the top M&A financial advisers in the power sector for H1 2022 by value and volume, respectively.
Goldman Sachs advised on $13.3bn worth of deals, while Rothschild & Co advised on a total of 15 deals.
GlobalData lead analyst Aurojyoti Bose said: “Rothschild & Co led by volume but lagged in terms of value and settled for the eighth position by this metric. Meanwhile, Goldman Sachs advised on fewer but big-ticket deals, which helped it to secure the top position by value. Four of the six deals advised by Goldman Sachs were billion-dollar deals (≥ $1bn) while Rothschild & Co advised on two such deals.”
According to the financial deals database of GlobalData, the other high rankers by value included JP Morgan that occupied the second place by advising on $10.6bn worth of deals, followed by Nomura with $7.6bn, Evercore with $7.3bn and Bank of America with $6.9bn.
In terms of volume, Lazard took the second spot with 11 deals, followed by Ernst & Young with 11 deals, JP Morgan with 10 deals and KPMG with seven deals.
Top legal advisers by value and volume
Latham & Watkins and Kirkland & Ellis were the top M&A legal advisers in the sector for H1 2022 by value and volume, respectively.
Latham & Watkins advised on $16.7bn worth of deals, while Kirkland & Ellis advised on a total of 21 deals, according to GlobalData’s ‘Global and Power M&A Report Legal Adviser League Tables H1 2022’,
Bose added: “Both Latham & Watkins and Kirkland & Ellis were the clear winners by value and volume, respectively. While Latham & Watkins was the only firm to surpass the $15 billion mark in total deal value, Kirkland & Ellis was also the only firm to advise on more than 20 deals during H1 2022. Interestingly, Latham & Watkins and Kirkland & Ellis also managed to register robust growth in value and volume in H1 2022 compared to H1 2021, respectively.”
In terms of value, Allen & Overy secured the second position by advising on $12.5bn worth of deals, followed by Clifford Chance with $9.8bn, Herbert Smith Freehills with $9bn, and King & Wood Mallesons with $8bn.
By volume, CMS took the second place with 17 deals, followed by Latham & Watkins with 13 deals, White & Case with 13 deals, and Watson Farley & Williams with 13 deals.
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.