Lazard Tops GlobalData’s Top 10 Global M&A Financial Adviser League Table in Power Sector for H1 2019
Lazard has topped the latest mergers and acquisitions (M&A) league table of the top 10 financial advisers for the power sector based on deal value in the first half (H1) of 2019, according to GlobalData, a leading data and analytics company.
The financial advisory and asset management firm advised on five deals worth US$7.1bn, including the big ticket deal of Infrastructure Investments Fund’s acquisition of El Paso Electric for US$4.3bn.
According to GlobalData, which tracks all M&A, private equity/venture capital and asset transaction activity around the world to compile the league tables, Centerview stood at second position with just two deals, worth an impressive US$6bn, while JP Morgan finished at third with nine deals worth US$5.4bn.
Tokala Ravi, Financial Deals Analyst at GlobalData, says: “Infrastructure Investments Fund’s acquisition of El Paso Electric helped Lazard and Skadden to lead the tables of financial and legal categories, respectively. Despite advising on 12 transactions each, Rothschild & Co in the financial category and Linklaters in the legal category settled at eighth position due to low-value transactions.”
Global power deals market in H1 2019
The total deal value in the power sector plunged by 48.5% from US$278.0bn in H1 2018 to US$143.1bn in H1 2019. The sector saw 1,362 deals in H1 2019, an increase of 11.5% from 1,222 deals in H1 2018.
Lazard, which topped the power league table of M&A financial advisers, finished at thirteenth position in the recently released global league table of top 20 M&A financial advisers by GlobalData. Goldman Sachs topped the global rankings chart, followed by JP Morgan.
Skadden, Arps, Slate, Meagher & Flom leads top 10 M&A legal advisers list
US-based law firm Skadden, Arps, Slate, Meagher & Flom led the top 10 legal advisers list in terms of deal value. The firm provided legal services to six deals worth US$7.9bn. Mayer Brown secured second position with two deals worth US$6.2bn.
In the global league table of top 20 M&A legal advisers, Skadden, Arps, Slate, Meagher & Flom secured tenth position. The global table was led by Wachtell, Lipton, Rosen & Katz.
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 adviser names.
To ensure further robustness to the data, the company also seeks submissions from leading advisors, through an adviser submission forms on GlobalData, which allows both legal and financial advisers to submit their deal details.
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.