GlobalData, a leading data and analytics company, has revealed its league tables for the top ten financial advisers by value and volume in the oil and gas sector for Q1 2023.
Evercore and RBC Capital Markets emerged as the top M&A financial adviser by value and volume, respectively, in the sector during the period.
Evercore advised on a total of $7.2bn worth of deals, while RBC Capital Markets advised on a total of seven deals.
GlobalData lead analyst Aurojyoti Bose said: “RBC Capital Markets occupied the top position by volume as well as value in Q1 2022. However, although it managed to retain its leadership position by volume in Q1 2023 but lost the top position by value to Evercore. RBC Capital Markets witnessed decline in both deals volume and value but the impact was more prominent in terms of value.
“Meanwhile, Evercore registered a 25.8% growth in deal value in Q1 2023 compared to Q1 2022. Resultantly, it went ahead from occupying the seventh position by value in Q1 2022 to top the table by this metric in Q1 2023.”
According to the financial deals database of GlobalData, RBC Capital Markets took the second spot in the value table, by advising on $6.8bn worth of deals, followed by Citi with $4.3bn, Barclays with $3.9bn and Bank of Nova Scotia with $3.7bn.
In the volume table, Barclays secured the second position with five deals, followed by Jefferies with five deals, Evercore with four deals and JP Morgan 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 of the data, the company also seeks submissions from leading advisers through adviser submission forms on GlobalData’s website.