Lagos — GlobalData has announced the latest Financial and Legal Adviser League Tables, which rank advisers by the total value and volume of merger and acquisition (M&A) deals they advised on in the power sector during 2023. See the rankings and findings below.
Financial Advisers
Rothschild & Co top M&A financial adviser in power sector in 2023
Rothschild & Co was the top mergers and acquisitions (M&A) financial adviser in the power sector in 2023 by both value and volume, according to the latest financial advisers league table by GlobalData, a leading data and analytics company.
An analysis of GlobalData’s Deals Database reveals that Rothschild & Co achieved this leading position by advising on 22 deals worth $16 billion.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Rothschild & Co was the top adviser by volume in 2022 and managed to retain its leadership position by this metric in 2023 as well despite a decline in the number of deals advised. However, it registered a jump in deal value and improvement in its ranking by value in 2023 compared to 2022. Rothschild & Co went ahead from occupying the sixth position by value in 2022 to top the chart in 2023. Involvement in two billion-dollar deals* including a mega deal valued more than $10 billion was pivotal for it in leading the chart by value.”
Goldman Sachs occupied the second position in terms of value, by advising on $11.7 billion worth of deals, followed by Barclays with $10.7 billion, Lazard with $9.6 billion and Bank of America with $9.5 billion.
Meanwhile, KPMG occupied the second position in terms of volume with 21 deals, followed by Ernst & Young with 16 deals, PwC with 16 deals and JP Morgan with 13 deals.
Legal Advisers
Jones Day and Kirkland & Ellis top M&A legal advisers in power sector in 2023
Jones Day and Kirkland & Ellis were the top mergers and acquisitions (M&A) legal advisers in the power sector in 2023 by value and volume, respectively according to the latest legal advisers league table by GlobalData, a leading data and analytics company.
An analysis of GlobalData’s Deals Database reveals that Jones Day achieved its leading position in terms of value by advising on $13.5 billion worth of deals. Meanwhile, Kirkland & Ellis led in terms of volume by advising on a total of 34 deals.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Jones Day was the clear winner in terms of value as it was the only firm to surpass $10 billion in total deal value during 2023. The adviser witnessed 72% jump in total value of deals advised by it in 2023 compared to 2022, which resulted in a jump from 24th position by value in 2022 to the top position by this metric in 2023.
“Meanwhile, Kirkland & Ellis, which was the top adviser by volume in 2022, also retained its leadership position by this metric in 2023 despite experiencing a decline in the number of deals advised.”
Kirkland & Ellis occupied the second position in terms of value, by advising on $8.8 billion worth of deals, followed by Allen & Overy with $8.7 billion, Gibson, Dunn & Crutcher with $7.9 billion and Clifford Chance with $7.1 billion.
Meanwhile, Allen & Overy occupied the second position in terms of volume with 28 deals, followed by White & Case with 26 deals, CMS with 24 deals and Clifford Chance with 21 deals.
