Goldman Sachs and Lazard have emerged as the top financial advisers in the power sector’s mergers and acquisitions (M&A) landscape in terms of deal value and volume respectively for the first quarter of 2024, according to GlobalData’s latest league table.
Goldman Sachs achieved the top position in deal value, after advising on transactions worth $6.3bn, according to the deals database of GlobalData, the parent of Power Technology.
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Lazard, leading in deal volume with eight transactions, also secured the second spot in deal value, advising on $3.4bn worth of deals.
GlobalData lead analyst Aurojyoti Bose stated: “Goldman Sachs retained the top position by value in Q1 2024 from Q1 2023, even though there was a drop in the total value of deals advised by it. Apart from leading by value, Goldman Sachs also occupied the fifth position by volume.
“Meanwhile, Lazard registered an improvement in the number of deals advised as well as its ranking by deal volume in Q1 2024 compared to Q1 2023. It went ahead from occupying the sixth position by volume in Q1 2023 to top the chart by this metric in Q1 2024.
“Apart from leading by volume, Lazard also occupied the second position in terms of value in Q1 2024.”
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By GlobalDataHSBC followed closely, advising on deals amounting to $3.2bn. Citi, Mizuho Financial Group and Santander Group shared the fourth position by value, each advising on $3bn worth of deals.
In terms of deal volume, Rothschild & Co was the runner-up with five deals, matching KPMG’s volume.
Guggenheim Partners advised on four deals and Goldman Sachs, despite leading in deal value, completed three deals in terms of volume.
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 of the data, the company also seeks deal submissions from leading advisers.
