JP Morgan tops Asia-Pacific M&A list during crisis hit Q1

Asia-Pacific

JP Morgan dominated the M&A financial advisers league table based on both deal value and volume in Asia-Pacific for the coronavirus-hit first quarter of 2020.

In terms of value, the American investment bank advised USD20.1 billion worth deals in Q1 2020, according to new research by Global Data.

GlobalData, which tracks all M&A, PE/VC and asset transaction activity around the world to compile the league tables, listed the latest M&A top 10 financial advisers in Asia-Pacific by value and volume for Q1 2020. The region experienced subdued deal activity due to COVID-19.

“Despite the overall deal activity declining among other regions, Asia-Pacific bound total deals volume increased by 3.43 percent in the first quarter of 2020," commented Ravi Tokala, financial deals analyst at GlobalData.

Deloitte occupied the second position with six transactions worth USD12 billion, the data revealed in GlobalData’s recently released global league table of top 20 M&A financial advisers.

"Interestingly, the number of deals targeting Chinese companies or assets represent about 31.54 percent of the overall deal volume recorded in the region,” said Tokala.

Tokala continued: “However, the region recorded a decrease of 9.94 percent in deal value terms due to the absence of big-ticket and high value transactions, which could be attributed to Covid-19 concerns."

In terms of deal volume, JP Morgan advised on eight deals worth USD20.1 billion in Q1 2020. PwC occupied the second position with transactions worth USD0.9 billion, the league table revealed.

“JP Morgan emerged as the clear winner in value terms in the region, maintaining a significant lead over the rest of the advisors. However, in volume terms, there was tough competition between JP Morgan and PwC for the top spot, with the former taking the lead by a mere one transaction,” concluded Tokala.