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Citi was top financial adviser for M&As by volume while Bank of America and Moelis jointly held top spot by value in MEA for Q1-Q3 2020, says GlobalData


October 28, 2020 ( Newswire) Bank of America and Moelis & Co were the top financial advisers for mergers and acquisitions (M&A) in the Middle East and Africa (MEA) region by value while Citi was the top adviser by volume for Q1-Q3 2020. A total of 677 M&A deals were announced in MEA region during the period, according to GlobalData, a leading data and analytics company.

According to GlobalData's M&A report, 'Global and Middle East & Africa M&A Report Financial Adviser League Tables Q1-Q3 2020', there was a 18.6% decrease over 832 deals during the same period in 2019. Deal value also decreased by 57.8% from $162bn in Q1-Q3 2019 to $68bn in Q1-Q3 2020.

In GlobalData's ranking, Bank of America and Moelis & Co shared the top position in terms of disclosed value by advising on three deals worth $10.1bn. Meanwhile, Citi led in terms of volume having advised on seven deals worth $8.2bn.

Aurojyoti Bose, Financial Deals Analyst at GlobalData, comments: "Citi, despite advising on more than double the number of deals advised by Bank of America and Moelis & Co, lost the top position by value to the latter. Bank of America and Moelis & Co managed to advise on one mega deal (Deal valued more than or equal to $10bn). Citi also advised on four deals worth greater than or equal to $1bn but lacked any mega deals."

Rothschild & Co occupied the second position by volume, with seven deals worth US$3.8bn, followed by JP Morgan, with seven deals worth $3.6bn, and HSBC, with five deals worth $3.8bn.".

In terms of value, Morgan Stanley occupied the third position with two deals worth $10.1bn, followed by First Abu Dhabi Bank and Mizuho Financial Group with a single deal each worth $10.1bn.

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Editor's notes

  • Quotes are provided by Aurojyoti Bose, Lead Analyst at GlobalData
  • The information is based on GlobalData's Financial Deals Database
  • 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 experts
  • You are welcome to quote information from the attached report, with reference to 'GlobalData'

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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