JP Morgan was the leading financial adviser globally for mergers and acquisitions (M&A) in H1 2019 in the construction sector, according to GlobalData.
The investment bank left behind its counterparts Rothschild & Co, Morgan Stanley and Bank of America Merrill Lynch to lead the table with 14 deals worth $19.6bn.
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JP Morgan took the second top spot in GlobalData鈥檚 recently released .
Rothschild & Co occupied second position with eight transactions worth $9.9bn, followed by Morgan Stanley with six transactions worth $7.2bn.
GlobalData has published a top ten league table of financial advisers ranked according to the value of announced M&A deals globally. If value remains the same for multiple advisers, deal volume is given weighting.
The construction sector saw a decline in the value of deals in H1 2019 when compared with H1 2018. The overall deal value plunged by 66.2% from $254.1bn in H1 2018 to $85.9bn in H1 2019. However, deal volume increased by 2.9% from 1,260 to 1,296.
Ravi Tokala, financial deals analyst at GlobalData, says: 鈥淭he absence of big ticket deals and less than 20 deals crossing $1bn value in the construction sector in H1 2019 led to a major drop in deal value as compared with H1 2018, even though the year-on-year overall deal volume slightly increased by 2.9%.鈥�
Singapore-based WongPartnership topped the list of top 10 legal advisers by value with four deals worth $8.1bn. Although the deals Allen & Gledhill advised on were also worth $8.1bn, the former gained an edge in the ranking due to superior deal volume.
The six top firms in the sector table were conspicuous by their absence in the . Skadden, Arps, Slate, Meagher & Flom, which secured seventh position in the sector table, was ranked tenth in the global list. Wachtell, Lipton, Rosen & Katz occupied first position with 36 deals worth $528.1bn in the global list.
GlobalData鈥檚 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聽.
