Morgan Stanley has topped the latest M&A league table of the top 10 financial advisers in the construction sector for FY2018, compiled by GlobalData, a leading data analytics company.
Morgan Stanley beat its fellow counterparts JP Morgan, Bank of America Merrill Lynch and Citi to lead the table with 24 deals worth $129.1 billion, including the sector’s highest value deal — the $40.44 billion investment by ACS, Hochtief and Atlantia in Abertis Infraestructuras.
According to GlobalData, which tracks all merger and acquisition, private equity/venture capital and asset transaction activity around the world to compile the league table, JP Morgan occupied second position with 34 transactions worth $124.5 billion, followed by Bank of America Merrill Lynch with 19 transactions worth $123.4 billion.
Ravi Tokala, Financial Deals Analyst at GlobalData, said: “With a large number of big-ticket deals, five financial advisers crossed the $100 billion mark in 2018. The sector witnessed approximately 50 deals with more than $1 billion value, which resulted in over 25% jump in the year-on-year overall deal value in 2018.”
Global construction deals market FY2018
The construction sector saw some high value deals during FY2018. The overall value increased by 25.97% from $281.3 billion in 2017 to $354.4 billion in 2018 while the volume increased by 10.65% from 2,638 in 2017 to 2,919 in 2018.
With 376 deals valued at $1.09 trillion, Goldman Sachs took the top spot in the global league table of top 20 M&A financial advisers released by GlobalData recently. Morgan Stanley stood third in the global rankings.
Sullivan & Cromwell leads the M&A legal advisers ranking
US-based Sullivan & Cromwell topped the list of the top 10 legal advisers by value with eight deals worth $96.6 billion.The sixth ranked Allen & Overy emerged as the top adviser in terms of volumes with 25 deals during the year. In the global league table of top 20 M&A legal advisers, Sullivan & Cromwell occupied fourth position.