GlobalData has announced the latest Financial and Legal Adviser League Tables, which rank the advisers by the total value and volume of merger and acquisition (M&A) deals they advised on in the construction sector during Q1-Q3 2024.

Lazard was the top mergers and acquisitions (M&A) financial adviser in the construction sector during Q1-Q3 2024 by both value and volume, according to the latest financial advisers league table by GlobalData.

An analysis of GlobalData’s Deals Database reveals that Lazard achieved the top position by advising on 14 deals of worth $14.1bn.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Lazard witnessed a year-on-year (YoY) improvement in both deal volume and value during Q1-Q3 2024, but the growth was more pronounced in terms of value. It registered a more than three-fold jump in the total value of deals advised by it during Q1-Q3 2024 compared to Q1-Q3 2023. Lazard advised on five billion-dollar [plus] deals during Q1-Q3 2024. The involvement in these big-ticket deals helped it register a massive jump in terms of value.”

Morgan Stanley occupied the second position in terms of value, by advising on $13.3bn worth of deals, followed by Barclays with $11.5bn, UBS with $11.4bn and Moelis & Company with $7.6bn.

Meanwhile, Rothschild & Co occupied the second position in terms of volume with 12 deals, followed by Clearwater International with 12 deals, KPMG with 12 deals and Barclays with 11 deals.

Legal advisers

Allen & Overy and Kirkland & Ellis were the top mergers and acquisitions (M&A) legal advisers in the construction sector during Q1-Q3 2024 by value and volume, respectively according to the legal advisers league table.

An analysis of GlobalData’s Deals Database reveals that Allen & Overy achieved the top position in terms of value by advising on $10.3 billion worth of deals. Meanwhile, Kirkland & Ellis led in terms of volume by advising on a total of 28 deals.

Bose comments: “Kirkland & Ellis was the top adviser by volume during Q1-Q3 2023 and managed to retain its leadership position by this metric during Q1-Q3 2024 as well. Meanwhile, Allen & Overy witnessed its ranking by value improve significantly from the 60th position during Q1-Q3 2023 to the top position during Q1-Q3 2024 as there was a massive year-on-year (YoY) jump in the total value of deals advised by it.

“The involvement in the $8.3bn for acquisition of 60% Stake in Zhuhai Wanda Commercial Management by a consortium of investors played a pivotal role for Allen & Overy in registering a massive jump in terms of value and in securing the top spot by this metric.”

Paul, Weiss, Rifkind, Wharton & Garrison occupied the second position in terms of value, by advising on $9.8bn worth of deals, followed by Simpson Thacher & Bartlett with $9.2bn, Davis Polk & Wardwell with $7.4bn and Cravath Swaine & Moore with $7.1bn.

Meanwhile, CMS occupied the second position in terms of volume with 20 deals, followed by White & Case with 12 deals, Allen & Overy with 11 deals and Latham & Watkins with 11 deals.