JP Morgan has emerged as the top financial adviser for mergers and acquisitions (M&A) by both value and volume in the oil & gas sector for Q1-Q3 2021, according to GlobalData, having advised on 22 deals worth $47.7bn. The leading data and analytics company notes that there was a total 1,257 M&A deals announced in the sector during Q1-Q3 2021.
According to GlobalData’s report, ‘Global and Oil & Gas M&A Report Financial Adviser League Tables Q1-Q3 2021’, deal value for the sector increased by 16.1% from $192bn during Q1-Q3 2020 to $223bn in during Q1-Q3 2021.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “JP Morgan faced tough competition from Citi as these were the only two firms to advise on more than 20 deals, while also managing to cross the $40bn mark.
“JP Morgan advised on ten deals valued more than or equal to $1bn, while Citi advised on eight such deals. However, JP Morgan’s involvement in Saudi Aramco’s sale of a 49% stake in Aramco Oil Pipelines to EIG Global Energy for $12.4bn made all the difference to the financial adviser, helping it secure the top position. Meanwhile, Citi settled for second position by both value and volume.”
Goldman Sachs occupied the third position by value, with eight deals worth $32.9bn, followed by RBC Capital Markets, with 22 deals worth $30.5bn, and Perella Weinberg Partners, with 13 deals worth $22.7bn.
RBC Capital Markets occupied the third position by volume, while Jefferies ranked fourth by volume – with 17 deals worth $7.5bn. Perella Weinberg Partners also occupied the fifth position by volume.
