/ Financial / Citi Tops GlobalData’s Global M&A Financial Adviser League Table in the Power Sector for FY2018

Citi Tops GlobalData’s Global M&A Financial Adviser League Table in the Power Sector for FY2018

Parul Dubey on February 12, 2019 - in Financial, News

Citi has topped the latest M&A league table of the top 10 financial advisers for the power sector based on deal value in FY2018, compiled by GlobalData, a leading data and analytics company.

The American bank advised on $117.1bn worth of deals, which included the industry’s top deal by value – E.ON’s acquisition of an 86.2% stake in Innogy for $52.9bn. Citi and Rothschild & Co worked on 25 deals each, the highest in terms of volume.

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, Bank of America Merrill Lynch and Goldman Sachs are the other two banks featuring among the top three advisers in the list. The two banks advised on 19 deals each, worth $111.5bn and $107.2bn, respectively.

Tokala Ravi, Financial Deals Analyst at GlobalData, said: “The top three financial advisers crossed the $100bn deal value mark in 2018. However, none of the legal advisers could achieve this. The top legal adviser Linklaters missed it by ~$2bn”.

Global power deals market FY2018

The power sector deals saw a slight drop in value in 2018 as against the previous year. The total value dipped by 2.84% from $475.4bn in 2017 to $461.9bn in 2018. The year 2018 recorded three deals more than the 2017’s count of 2,326.

Citi, which topped the power league table of M&A financial advisers, finished fourth in the global league table of top 20 M&A financial advisers released by GlobalData recently. Goldman Sachs topped the global rankings chart, followed by JP Morgan.

Linklaters tops the M&A legal advisers table

UK-based law firm Linklaters breezed its way through to the top in terms of deal value in the top 10 legal advisers list. The firm provided legal services to 28 deals worth $97.7bn. Freshfields Bruckhaus Deringer secured the second position with just nine deals, but worth a total of $69.8bn. Interestingly, with one big-ticket deal in their kitty – E.ON’s acquisition of 86.2% stake in Innogy for $52.9bn – German legal firm Hengeler Mueller and UK-based Robey Warshaw shared the sixth spot in the list.

In the global league table of top 20 legal advisers, Linklaters was ranked 10 while Freshfields Bruckhaus Deringer figured at ninth position.


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Methodology for League Tables

GlobalData 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 advisor names.

To ensure further robustness to the data, the company also seeks submissions from leading advisors, through an advisor submission forms on GlobalData, which allows both legal and financial advisors to submit their deal details.

About GlobalData

4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology and professional services sectors.

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