Bank of America and Rothschild & Co were the top mergers and acquisitions (M&A) financial advisers in the Middle East & Africa region 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, Bank of America achieved its leading position in terms of value by advising on $9.9bn worth of deals. Rothschild & Co led by volume by advising on a total of five deals.
“Bank of America was just shy of hitting the $10bn mark in total deal value in H1 2023,” said GlobalData lead analyst Aurojyoti Bose.
“As a result, it not only led by value but also outpaced its peers by a significant margin. Bank of America also occupied the sixth position by volume. Similarly, Rothschild & Co, which led the chart by volume, occupied the fifth position by value.”
JP Morgan came second in terms of value, by advising on $4.9bn worth of deals, followed by Lazard with $1.3bn, Goldman Sachs with $1.3bn and Rothschild & Co with $1.3bn.
Runners-up in terms of volume were Ernst & Young with four deals, followed by PwC with three deals, Nedbank Group with three deals and FTI Capital Advisors with three 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.