Goldman Sachs and Houlihan Lokey were the top mergers and acquisitions (M&A) financial advisers in North America in H1 2023, according to GlobalData’s latest league table.
The leading data and analytics company ranks advisers by the value and volume of M&A deals on which they advised.
According to its financial deals database, Goldman Sachs came top of the league table in terms of value after advising on $178.8bn worth of deals in H1 2023. Houlihan Lokey led in volume terms by advising on a total of 84 deals.
“All the top ten advisers by volume, including Houlihan Lokey, registered a decline in the number of deals advised in H1 2023 compared to H1 2022,” said GlobalData lead analyst Aurojyoti Bose. “However, despite the decline, Houlihan Lokey managed to retain its leadership position by volume in H1 2023.
“Similarly, Goldman Sachs was also able to retain its leadership position by value despite experiencing a decline in the total value of deals it advised on. In addition, it featured among the only two advisers that managed to surpass the $150bn mark in total deal value in H1 2023 amid challenging market conditions.
“Goldman Sachs advised on 26 billion-dollar deals [deals valued at $1bn or more], which also included six mega deals valued more than $10bn. Involvement in these big-ticket deals helped the firm top the chart by value. Apart from leading by value, Goldman Sachs also occupied the third position by volume.”
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Bank of America came second in terms of value, by advising on $159.5bn worth of deals, followed by JP Morgan, with $148.9bn, Centerview Partners, with $128.1bn and Morgan Stanley, with $91.4bn.
Runners-up in terms of value were JP Morgan with 63 deals, followed by Goldman Sachs, with 58 deals, Raymond James Financial, with 49 deals and Piper Sandler, with 46 deals.
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 further robustness to the data, the company also seeks submissions of deals from leading advisers.