Top ten oil & gas sector M&A financial and legal advisers for H1 2019 revealed

12 August 2019 (Last Updated August 14th, 2019 16:41)

Goldman Sachs was the leading financial adviser globally for mergers and acquisitions (M&A) in H1 2019 in the oil & gas sector, according to GlobalData.

Top ten oil & gas sector M&A financial and legal advisers for H1 2019 revealed

Goldman Sachs was the leading financial adviser globally for mergers and acquisitions (M&A) in H1 2019 in the oil & gas sector, according to GlobalData.

The American multinational investment bank topped the rankings with a deal value of $214.7bn, by advising on 13 deals during the period. Bank of America Merrill Lynch stood at second position with $169.8bn earned on the strength of the same number of deals.

Citi occupied third place with 19 deals worth $169.6bn.

Goldman Sachs also led the GlobalData’s H1 2019 ranking of top 20 financial advisers for global mergers and acquisitions. Bank of America Merrill Lynch secured sixth position in the global list.

GlobalData has published a top ten league table of financial advisers ranked according to the value of announced M&A deals globally. If the value remains the same for multiple advisers, the deal volume is given weightage.

The oil & gas sector saw a 40.30% increase in deal value from $212.6bn in H1 2018 to $298.2bn in H1 2019. However, deal volume dropped by 17.3% from 1,273 to 1,053.

Vinson & Elkins led the top ten legal advisers table for H1 2019 with a total deal value of $148.2bn on the strength of 33 deals. Second-ranked Wachtell, Lipton, Rosen & Katz advised on four deals worth $111.5bn. Fried, Frank, Harris, Shriver & Jacobson came in a close third with $107.0bn through three deals.

Top ten leader Vinson & Elkins secured 14th position in the global league table of top 20 legal advisers for H1 2019 released by GlobalData recently.

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.