Morgan Stanley Tops List of Top Financial Advisers in the Construction Sector

Morgan Stanley topped GlobalData's latest table of the top 10 financial advisers in the construction sector for fiscal year 2018

Commercial Construction 1 Oosoom Wikimedia Commons
Oosoom Wikimedia Commons

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.”

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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.

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