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.
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.