GlobalData, a leading data and analytics company, has revealed its global league tables for top 10 financial advisers in technology, media & telecom (TMT) sector by value and volume for 2021 in its report, ‘Global and Technology, Media & Telecom M&A Report Financial Adviser League Tables 2021’.
According to GlobalData’s mergers and acquisitions (M&A) report, a total of 12,585 M&A deals were announced in the sector during 2021, while deal value for the sector grew by 22.2%, from $1 trillion in 2020 to $1.3 trillion in 2021.
Top advisers by value and volume
Goldman Sachs and Houlihan Lokey emerged as the top M&A financial advisers in the TMT sector for 2021 by value and volume, respectively.
Goldman Sachs advised on 148 deals valued at $339.8bn, while Houlihan Lokey advised on 188 deals worth $20.5bn.
GlobalData lead analyst Aurojyoti Bose said: “Goldman Sachs emerged as the clear winner in terms of value as it was the only firm to cross the $300 billion mark. Goldman Sachs also occupied the second position by volume, as it was among the few firms to advise on more than 100 deals during 2021.
“Houlihan Lokey, despite leading by volume, was unable to secure a ranking among the top 10 advisors by value due to its involvement in low-value transactions. The average deal size of transactions advised by Goldman Sachs was $2.3 billion, while Houlihan Lokey saw just $108.8 million on average.”
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By GlobalDataJP Morgan took the second position in the value table, with 135 deals valued at $259.5bn; followed by Morgan Stanley, with 87 deals valued at $223.4bn; Bank of America, with 72 deals worth $144.6bn; and Barclays, with 69 deals worth $125bn.
Goldman Sachs secured the second spot in the volume table. It was followed by JP Morgan. Raymond James Financial got the fourth position by volume, with 106 deals worth $8.1bn, followed by Ernst & Young, with 102 deals worth $20.9bn.
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 from leading advisers, through adviser submission forms on GlobalData’s website.