JP Morgan and Rothschild & Co were the top mergers and acquisition (M&A) financial advisers in the Middle East & Africa region for Q1-Q3 2021 by value and volume, respectively.
JP Morgan advised on ten deals worth USD21.5 billion, which was the highest value among all the advisers. Meanwhile, Rothschild & Co led in volume terms having advised on 19 deals worth USD3.8 billion. A total of 787 M&A deals were announced in the region during H1 2021, according to GlobalData, a data and analytics company.
According to GlobalData’s report, ‘Global & Middle East Africa M&A Review & Financial Adviser League tables’, deal value for the region increased by 17.9 per cent from USD67 billion during Q1-Q3 2020 to USD79 billion during Q1-Q3 2021.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “JP Morgan’s involvement in in four billion-dollar deals (deals more than or equal to USD1 billion) helped the firm to secure the top position by value. A pivotal deal that the firm was involved in was the sale of Saudi Aramco’s 49 per cent stake in Aramco Oil pipelines to EIG Global Energy for USD12.4 billion.
“Meanwhile, Rothschild & Co held the top spot in terms of deal volume, but lagged in terms of deal value due to its involvement in low-value transactions. The firm had to settle for the fifth position by value.”