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.
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.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
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.