Morgan Stanley leads Oil & Gas sector in GlobalData's M&A financial advisers ranking, Q2 2018
September 5, 2018 (Investorideas.com Newswire) Morgan Stanley has claimed the top position in the latest Oil & Gas Industry M&A financial advisers M&A league table for Q2 2018, compiled by leading data analytics company GlobalData.
The investment bank worked on seven deals worth a total of $49.9bn, surpassing competitors Goldman Sachs and Barclays, which came second and third, respectively, in value terms.
Prakhar Baghmar, Financial Deals Analyst at GlobalData, said: "Morgan Stanley's involvement in three transactions worth more than $10bn in addition to a few smaller deals helped it gain the top spot."
According to GlobalData, Goldman Sachs was involved in eight deals worth a total of $46.4bn, while Barclays worked on three deals with combined value of $36.5bn.
Marathon Petroleum's acquisition of Andeavor for $35.6bn was recorded as the quarter's top deal for the industry.
Goldman Sachs and Evercore Partners emerged as the leading players by volume with eight deals each, followed by Morgan Stanley and Macquarie Group with seven deals each.
Global Oil & Gas deals market Q2 2018
The total global Oil & Gas deals market has grown in value by almost 60% year-on-year, compared to a 12.64% drop in volume. Deal value for the quarter was $82.3bn compared to $51.6bn in Q2 2017, with Q2 2018 recording 311 deals, 45 less than in Q2 2017.
Both Morgan Stanley and Goldman Sachs held the same ranking, first and second respectively, in the global league table of the top 20 M&A financial advisers released by GlobalData recently.
Sullivan & Cromwell at the top of the M&A legal advisers ranking
American law firm Sullivan & Cromwell claimed the first position in the list of the top 10 M&A legal advisers for Oil & Gas deals in Q2 2018. The company worked on four transactions worth $45.7bn, including the industry's top deal of the quarter, the $35.6bn Andeavor acquisition.
Jones Day came second in the league table with nine deals worth a total of $38.8bn, while Cleary Gottlieb, with three deals worth $35.6bn, claimed the third spot. In volume terms, Jones Day led the competition.
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- Quotes are provided by Prakhar Baghmar, Practice Head at GlobalData
- The information is based on GlobalData's Financial Deals Database
- All announced deals count towards the league table compiled by GlobalData.
- This press release was written using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GlobalData's team of industry expert
- GlobalData compiles the league table using its tracking data of all merger and acquisition, private equity/venture capital and asset transaction activity globally.
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.
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. PR2648
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