JP Morgan and KPMG emerged as the top mergers and acquisitions (M&A) financial advisers in the construction sector in terms of value and volume, respectively, for 2023, according to GlobalData‘s latest league table. 

GlobalData, a leading data and analytics company and the parent of World Construction Network, ranked advisers by the value and volume of M&A deals on which they advised. 

According to GlobalData’s deals data base, JP Morgan secured the top position in terms of deal value, advising on transactions worth $55.8bn and ranked second in terms of volume with 16 deals. 

Meanwhile, KPMG led the volume chart with involvement in 17 deals.  

GlobalData lead analyst Aurojyoti Bose said: “JP Morgan was the clear winner in terms of value, as it was the only adviser to have advised on deals worth more than $50bn during 2023. More than half of the deals advised by it during the year were billion-dollar deals. JP Morgan advised on nine billion-dollar deals, which also included two megadeals valued more than $10bn. 

“Apart from leading by value, JP Morgan also gave close competition for the top position by volume and missed it by a whisker. While KPMG managed to lead the chart by volume, JP Morgan occupied the second spot by this metric.” 

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On the volume chart, JP Morgan was followed by Lazard, PwC, and Generational Group, each advising on 16 deals.  

Wells Fargo came in second in terms of value, advising on deals worth $33.3bn followed by Bank of America at $20.9bn, Citi with $20.6bn, and Goldman Sachs at $18bn. 

GlobalData’s league tables are based on the real-time tracking of thousands of company websites, advisory 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 of deals from leading advisers.