GlobalData, a leading data and analytics company, has revealed its league tables for top 20 financial and legal advisers by value and volume in oil and gas sector for Q1 2022.
A total of 377 merger and acquisition (M&A) deals worth $58.5bn were announced in the sector during Q1 2022.
Top financial advisers by value and volume
According to GlobalData’s ‘Global and Oil & Gas M&A Report Financial Adviser League Tables Q1 2022’, RBC Capital Markets has been identified as the top M&A financial advisers in the oil and gas sector in Q1 2022 by value and volume.
RBC Capital Markets achieved the top ranking by advising on seven M&A deals worth $11.9bn.
GlobalData lead analyst Aurojyoti Bose said: “While all of the advisors reported single-digit deal volume during Q1 2022, RBC Capital Markets was the only adviser in terms of value that managed to surpass the $10bn mark. Of the seven deals advised by the firm, two were billion-dollar deals that also included one deal valued at more than $5bn.”
According to the financial deals database of GlobalData, the other high rankers by value included Citi, with deals worth $9.4bn; Bank of America, with $8.1bn; Centerview Partners, with $8.1 billion; and Barclays, with $6.4 billion.
In terms of volume, JP Morgan occupied the second position, with five deals; followed by Citi, with four deals; Barclays, with four deals and Jefferies with four deals.
Top legal advisers by value and volume
Latham & Watkins has emerged as the top M&A legal adviser by both value and volume in the oil and gas sector in Q1 2022.
Latham & Watkins achieved the top ranking by value by advising on 12 deals worth $14bn, according to GlobalData’s ‘Global and Oil & Gas M&A Report Legal Adviser League Tables Q1 2022.’
GlobalData lead analyst Aurojyoti Bose said: “Latham & Watkins was among the very few advisers that managed to register double-digit deal volume, while also surpassing the $10bn mark in total deal value. Although Latham & Watkins went ahead to top the chart, it faced close competition from Vinson & Elkins as it also advised on the same number of deals. However, Vinson & Elkins lagged by around $2.5bn in value and ended up occupying the second position by both value and volume.”
According to the financial deals database, the other high rankers by value included Gibson Dunn & Crutcher, with deals worth $10.9bn; Kirkland & Ellis, with $10.8bn; and Willkie Farr & Gallagher, with $8.2bn.
In terms of volume, Kirkland & Ellis occupied the third position, with 10 deals; followed by Gibson Dunn & Crutcher, with five deals; and White & Case with four 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.