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Goldman Sachs top M&A financial adviser in Asia-Pacific for Q1-Q3 2021, finds GlobalData

Goldman Sachs has emerged as the top mergers and acquisitions (M&A) financial adviser in the Asia-Pacific (APAC) region during Q1-Q3 2021, in terms of value as well as volume, according to data and analytics company GlobalData.

An analysis of GlobalData’s Financial Deals Database reveals that the US-based investment banking major advised on 37 deals worth USD98.7 billion, the highest value among all the advisers.

According to GlobalData’s report, ‘Global and Asia-Pacific M&A Report Financial Adviser League Tables Q1-Q3 2021’, a total of 5,414 M&A deals were announced in the region during Q1-Q3 2021. Deal value for the region decreased by 7.1 per cent from USD495 billion in Q1-Q3 2020 to USD460 billion in Q1-Q3 2021.

Aurojyoti Bose, Lead Analyst at GlobalData, says: “Goldman Sachs topped the list despite facing competition from Avendus Capital in volume terms. Furthermore, the firm has witnessed a significant improvement by ascending to top rank from seventh position during Q1-Q3 2020, registering a 68.2 per cent growth in volume terms on a YoY basis.

“In addition to dominating in volume terms, Goldman Sachs also occupied the top position by advising deals worth totalling just short of USD100 billion. The firm advised on 19 billion-dollar deals (≥USD1 billion), of which five were large deals worth more than USD5 billion.”

Morgan Stanley occupied the second position in terms of value with 28 deals worth USD50.7 billion, followed by JP Morgan with 28 deals worth USD47.4 billion, Citi with 26 deals worth USD47.3 billion and Macquarie with 25 deals worth USD36.8 billion.

Avendus Capital occupied the second position in terms of volume with 34 deals worth USD5.1 billion, followed by Morgan Stanley. JP Morgan ranked fourth by volume and PwC stood in fifth position with 27 deals worth USD4.5 billion.

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