Morgan Stanley, UBS lead in oil and gas, power sector M&A advising

© Reuters.

UBS and PwC emerged as leading advisers in the power sector’s M&A landscape for Q1-Q3 2023, according to data released by GlobalData. UBS advised on deals worth $17.1 billion, securing its position through key roles such as the $15 billion Toshiba (OTC:) acquisition by TBJH. In terms of volume, PwC led with 14 transactions, a significant rise from its 11th place in Q1-Q3 2022. Other notable advisers included Goldman Sachs with $11.3 billion worth of advised deals, followed by Bank of America, Barclays, and Citi with $9.5 billion, $8.7 billion and $8.5 billion, respectively.

On the other hand, in the oil and gas sector’s M&A landscape for the same period, Morgan Stanley and RBC Capital Markets were identified as leading advisers. Morgan Stanley led by value with $53.7 billion in deals, including one mega-deal over $10 billion, while RBC Capital Markets led by volume with 29 deals that included 10 billion-dollar deals. Goldman Sachs, Bank of America, and Perella Weinberg Partners followed in terms of value with $43.9 billion, $34.4 billion, and $30.9 billion, respectively.

In terms of volume in the oil and gas sector, JP Morgan was second with 16 deals, followed by Evercore, Citi, and Barclays. GlobalData highlighted Morgan Stanley’s achievement of surpassing $50 billion in deal value and underscored the significant role these financial advisers play in their respective sectors’ M&A landscapes.

In terms of volume in the power sector after PwC’s lead with 14 deals, KPMG was the second most active adviser with 12 deals, followed by Rothschild & Co and Ernst & Young each with 11 deals, and UBS with eight.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Read the full article here

Share
Facebook
Pinterest
Twitter
WhatsApp
LinkedIn
Email
Telegram
Related News
Comment

Leave A Reply

Your road to financial

freedom starts here

With our platform as your starting point, you can confidently navigate the path to financial independence and embrace a brighter future.

Registered address:

First Floor, SVG Teachers Credit Union Uptown Building, Kingstown, St. Vincent and the Grenadines

CFDs are complex instruments and have a high risk of loss due to leverage and are not recommended for the general public. Before trading, consider your level of experience, relevant knowledge, and investment objectives and seek financial advice. Vittaverse does not accept clients from OFAC sanctioned jurisdictions. Also, read our legal documents and make sure you fully understand the risks involved before making any trading decision