Top ten oil & gas sector M&A financial advisers for H1 2020 revealed

31 July 2020 (Last Updated August 5th, 2020 13:51)

Moelis & Co was the leading financial adviser globally for mergers and acquisitions (M&A) in the first half (H1) of 2020 in the oil & gas sector, according to GlobalData.

The investment bank topped the rankings with a deal value of $12bn, by advising on three deals during the period. Allen & Overy stood at second position with $5.4bn earned on advising five deals.

Bank of America, First Abu Dhabi Bank, Mizuho Financial Group and Rothschild & Co jointly occupied the second position by value with one deal worth US$10.1bn each.

Moelis & Co stood at fourteenth position in the GlobalData’s H1 2020 ranking of top 20 financial advisers by value for global M&A.

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 76.2% decrease in deal value from $189.6bn in H1 2019 to $45.2bn in H1 2020. Deal volume declined by 29.3% from 1,023 to 723.

Evercore tops by volume

Evercore was the top M&A financial adviser for the oil and gas sector based on deal volume in H1 2020, having advised on nine deals worth $3.1bn.

With six transactions worth $84.4m, Perella Weinberg Partners occupied the second spot, followed by Energy Advisors Group with six deals.

GlobalData financial deals analyst Aurojyoti Bose said: “Despite subdued deal activity – and the fact that none of the advisers (including ‘volume’ winner, Evercore) were able to showcase double-digit deal volume – all of the top five advisors by value surpassed the US$10bn mark, helped substantially by their involvement in the acquisition of a 49% stake in Abu Dhabi National Oil Company’s gas assets by a consortium of investors for US$10.1bn.

“Moelis & Co was also involved in one deal worth greater than or equal to US$1bn, and one worth more than US$100m, which helped it top the chart.”

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.