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Goldman Sachs leads GlobalData’s mergers and acquisitions financial adviser league table in oil and gas sector

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Hydrocarbon Engineering,


Goldman Sachs has secured the top position in the latest mergers and acquisitions (M&A) league table of the top 10 financial advisers for the oil and gas sector based on deal value for the 1H19, according to GlobalData.

The American multinational investment bank topped the rankings with a deal value of US$214.7 billion, by advising on 13 deals during the period. Bank of America Merrill Lynch stood at second position with US$169.8 billion earned on the strength of the same number of deals.

According to GlobalData, which tracks all M&A, private equity/venture capital and asset transaction activity around the world to compile the league tables, Citi occupied third place with 19 deals worth US$169.6 billion.

Praveen Karnati, Financial Deals Analyst at GlobalData, commented, “Goldman Sachs stood ahead of Bank of America and Citi in terms of transaction value in 1H19. Overall, Goldman Sachs represented 12 companies that are on the sell-side, including Saudi Aramco’s agreement to acquire 70% stake in Saudi Industries from Public Investment Fund for US$73.4 billion; and Occidental Petroleum’s agreement to acquire Anadarko Petroleum for US$57 billion.”

 

Global oil and gas deals market in 1H19

 

The oil and gas sector saw an increase in deal value by over 40.3% from US$212.6 billion in 1H18 to US$298.2 billion in 1H19. However, deal volume declined by 17.3% from 1273 to 1053.

Goldman Sachs, which topped the sector table, also topped GlobalData’s recently released global league table of top 20 M&A financial advisers. Bank of America Merrill Lynch secured sixth position in the global list.

 

Vinson & Elkins leads top 10 M&A legal advisers list

 

Vinson & Elkins led the top 10 legal advisers table for 1H19 with a total deal value of US$148.2 billion on the strength of 33 deals. Second-ranked Wachtell, Lipton, Rosen and Katz advised on four deals worth US$111.5 billion. Fried, Frank, Harris, Shriver and Jacobson came in a close third with US$107.0 billion through three deals.

Top 10 leader Vinson & Elkins secured fourteenth position in GlobalData’s recently released global league table of top 20 M&A legal advisers. Wachtell, Lipton, Rosen and Katz topped the global list.

Read the article online at: https://www.hydrocarbonengineering.com/special-reports/08082019/goldman-sachs-leads-globaldatas-mergers-and-acquisitions-financial-adviser-league-table-in-oil-gas-sector/

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