GlobalData, a leading data and analytics company, has revealed its global league tables for top 10 financial advisers in oil and gas sector by value and volume for Q1–Q3 2020 in its report, ‘Global and Oil & Gas M&A Report Financial Adviser League Tables Q1-Q3 2020’.
According to GlobalData’s M&A report, a total of 1,115 M&A deals were announced in the oil and gas sector during the period. There was a 21.1% decrease over 1,414 deals that were announced during Q1–Q3 2019. Deal value also decreased by 45.1% from $332bn in Q1–Q3 2019 to $182bn in Q1–Q3 2020.
Morgan Stanley tops by value
As per GlobalData’s ranking, Morgan Stanley secured top spot in terms of deal value by advising on 11 deals worth $69.4bn. This was the highest value among all the advisers.
Goldman Sachs took the second spot by value, with nine deals worth $43.4bn, followed by JP Morgan, with ten deals worth $42.1bn, and UBS with five deals worth $41.7bn.
Evercore leads by volume
Evercore led in volume terms, having advised on 13 deals worth $24.2bn.
Citi attained the second position by volume with 13 deals worth $8.6bn, followed by Morgan Stanley.
GlobalData lead analyst Aurojyoti Bose said: “Morgan Stanley remained as the only adviser to surpass the $50bn mark due to its involvement in big-ticket deals. It also showcased double-digit deal volume and occupied third position in this metric. On the other hand, Evercore, which managed to advise on a couple more deals than Morgan Stanley, lagged behind in terms of value and settled at eighth position by value.
“Morgan Stanley managed to advise on five deals worth greater than or equal to $1bn – out of which two were megadeals worth more than $10bn. Meanwhile, Evercore managed to advise on two billion-dollar deals, which included one megadeal.”
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