JP Morgan was the leading financial adviser globally for mergers and acquisitions (M&A) in Q1 2019 in the information and communication technology (ICT) sector, according to GlobalData.
The New York-based financial institution advised on 14 deals worth $71.2bn during the quarter. It also topped the GlobalData’s Q1 2019 ranking of top 20 financial advisers for global mergers and acquisitions.
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 same for multiple advisers, deal volume is given weightage.
Bank of America Merrill Lynch came a distant second with nine deals worth $50.6bn, while Evercore Partners stood at third position, advising on ten deals worth a total of $43.4bn.
Prakhar Baghmar, financial deals analyst at GlobalData, said: “With technology becoming a key differentiator for businesses, the ICT sector is witnessing a surge in the amount of strategic investments. The growth trend is clearly visible in the sector’s deal value and volume in Q1 2019 as compared with the same quarter last year. JP Morgan and Bank of America Merrill Lynchadvised on more than $50bn deals in the sector, hinting business opportunities the sector holds for advisers.”
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By GlobalDataThe ICT sector witnessed a surge of 34.8% in deal value from $128.8bn in Q1 2018 to $173.7bn in Q1 2019. Deal volumes too grew by 38.1% from 3,070 in Q1 2018 to 4,241 in Q1 2019.
US-based law firm Kirkland & Ellis led the top 10 legal advisers table for Q1 2019 with a value of $71.1bn through 35 deals. Latham & Watkins, which advised on 27 deals worth $64.2bn, came at second position. With five deals worth $57.5bn, Sullivan & Cromwell took the third spot. Kirkland & Ellis also topped the global league table of top 20 legal advisers for Q1 2019.
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. All announced deals count towards the totals.
To ensure further robustness to the data, the company also seeks submissions from leading advisers, through adviser submission forms on GlobalData’s website