Citi and Barclays were the top mergers and acquisitions (M&A) financial advisers in the power sector for Q1 2021 by value and volume, respectively.
Citi advised on three deals worth USD10 billion, which was the highest value among all the advisers. Meanwhile, Barclays led in the volume terms having advised on six deals worth USD8.1 billion. A total of 606 M&A deals were announced in the sector during Q1 2021, according to GlobalData, a leading data and analytics company.
According to GlobalData’s report, ‘Global and Power M&A Report Power Financial Adviser League Tables Q1 2021’, deal value for the sector increased by 55.4 per cent from USD56 billion in Q1 2020 to USD87 billion in Q1 2021.
Aurojyoti Bose, Lead Analyst at GlobalData, says: “Citi was the only adviser that managed to surpass the USD10 billion mark. Though the firm advised on two billion-dollar deals, involvement in IFM Global Infrastructure Fund’s acquisition of 22.7 per cent stake in Naturgy Energy in a USD6.2 billion deal was instrumental for Citi to occupy the top position.
“Meanwhile, apart from leading by volume, Barclays also gave tough competition for the top position by value and occupied the second position among the top 10 advisors by value.”
BNP Paribas occupied the third position in terms of value with four deals worth USD7.5 billion followed by Centerview Partners with four deals worth USD6.8 billion.
Morgan Stanley occupied the second position by volume with six deals worth USD5.8 billion followed by Goldman Sachs with six deals worth USD5.5 billion and Rothschild & Co with six deals worth USD2.6 billion.
