Goldman Sachs and RBC Capital Markets have emerged as the leading mergers and acquisitions (M&A) financial advisers in the oil and gas sector in terms of deal value and volume, respectively, in 2023, according to GlobalData’s latest league table.
GlobalData, a leading data and analytics company and the parent company of Offshore Technology, ranks advisers by the value and volume of M&A deals on which they advised.
In-depth analysis of GlobalData’s Deals Database has shown that Goldman Sachs secured the top spot by advising on deals worth $186bn.
RBC Capital Markets advised on a total of 34 deals, securing the top position in terms of volume.
GlobalData lead analyst Aurojyoti Bose said: “RBC Capital Markets was the top adviser by both deal volume and value in 2022 but was able to retain its leadership position in terms of only volume in 2023 and settled for the tenth position by value during the year.
“Meanwhile, Goldman Sachs, which held the third spot by value in 2022, occupied the top spot by this metric in 2023.
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“It registered a massive jump in the total value of deals advised in 2023 compared with 2022 due to its involvement in high-value transactions.
“During 2023, Goldman Sachs advised on 12 billion-dollar deals that also included two deals valued [at] more than $50bn.”
Morgan Stanley followed closely in the value category, advising on transactions amounting to $178.2bn.
In the volume rankings, JP Morgan took second place with 20 deals, Evercore was third with 19, Barclays came fourth with 18 and Goldman Sachs secured fifth spot with 16 deals.
GlobalData’s league tables are based on the real-time tracking of thousands of company websites, advisory company websites and other reliable sources available in 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 of the data, the company also seeks deal submissions from leading advisers.