Morgan Stanley and Lazard have emerged as the leading mergers and acquisitions (M&As) financial advisers in the construction sector for the first quarter (Q1) of 2024, by value and volume, respectively, according to the latest financial advisers league table published by leading data and analytics company GlobalData.
GlobalData ranked the advisers in terms of the value and volume of M&A deals on which they advised.
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According to the company’s deals database, Morgan Stanley secured the top position in terms of deal value, advising on transactions worth a total of $15.5bn.
Meanwhile, Lazard led by deal volume, having advised on five deals during the quarter.
GlobalData lead analyst Aurojyoti Bose said: “Morgan Stanley was the clear winner by value as it was the only adviser to hit $10bn in total deal value in Q1 2024. All the four deals advised by Morgan Stanley in Q1 2024 were billion-dollar deals and the average size of these deals stood at $3.9bn. Involvement in these big-ticket deals helped Morgan Stanley to top the chart by value.
“Apart from leading in terms of value, Morgan Stanley also occupied the fourth position by volume. Similarly, Lazard, which led by volume in Q1 2024, also occupied the second position by value.”
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By GlobalDataLazard claimed the second spot in the value category, with its advised deals amounting to $7.4bn.
UBS followed closely, advising on deals worth $7.2bn, with RBC Capital Markets and Barclays each advising on deals totalling $6.8bn.
In terms of deal volume, RBC Capital Markets and KPMG were tied for the second position, each advising on five deals.
Morgan Stanley secured fourth place with four deals, alongside Moelis & Company, which also advised on four deals.
GlobalData’s league tables are based on the real-time tracking of thousands of company websites, advisory businesses, and other reliable sources available via 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 its data, the company also seeks submissions of deals from leading advisers.
