JP Morgan and Rothschild & Co have emerged as the leading financial advisers for mergers and acquisitions (M&A) in the power sector during the first three quarters of 2024, according to GlobalData’s latest league table.
JP Morgan topped the charts in deal value, advising on transactions worth $13.7bn, according to the deals database of GlobalData, parent of Power Technology.
Citi claimed second spot with $11.9bn in advised deals, closely followed by Goldman Sachs at $11.7bn. Rothschild & Co and Lazard were tied, each advising on $11.3bn worth of transactions.
Rothschild & Co topped the volume charts by advising on a total of 19 transactions.
On the volume front, Lazard took second position, advising on 16 deals. PwC was next with ten deals, while Barclays and Deloitte each advised on nine.
GlobalData lead analyst Aurojyoti Bose stated: “Both JP Morgan and Rothschild & Co registered improvement in terms of deal value and volume as well as their rankings by these metrics during Q1-Q3 2024 compared to Q1-Q3 2023.
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By GlobalData“While JP Morgan went ahead from occupying the seventh position by value during Q1-Q3 2023 to top the chart by this metric during Q1-Q3 2024, Rothschild & Co’s ranking by value improved from second to the top position during the same period.
“Apart from leading by volume, Rothschild & Co also occupied the fourth position by value during Q1-Q3 2024. Meanwhile, JP Morgan, apart from leading value, also occupied the tenth position by volume.”
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 the further robustness of the data, the company also seeks deal submissions from leading advisers.