JP Morgan has emerged as the top financial adviser for mergers and acquisitions (M&A) by both value and volume in the oil and gas sector for H1 2021, having advised on 18 deals worth US$66.7bn, according to GlobalData, a leading data and analytics company
A total of 802 M&A deals were announced in the sector during H1 2021.
According to GlobalData’s report, ‘Global and Oil & Gas M&A Report Financial Adviser League Tables H1 2021’, deal value for the sector increased by 129.9% from US$67bn in H1 2020 to US$154bn in H1 2021.
Aurojyoti Bose, lead analyst at GlobalData, commented, “JP Morgan witnessed significant improvement in both deal volume as well as value in H1 2021 compared to H1 2020. However, the growth was more pronounced in terms of value.
“The firm managed to advise on 10 billion-dollar deals (valued more than or equal to US$1bn), which also included three megadeals valued more than US$10bn. In fact, JP Morgan was the only firm to advise on three megadeals.”
RBC Capital Markets and Citi occupied second and third positions, respectively, both in terms of value and volume. RBC Capital Markets advised on 17 deals worth US$28.9bn, while Citi advised on 17 deals worth US$27.3bn. TD Securities secured fourth rank by value with six deals worth US$25.9bn, followed by Barclays with five deals worth US$16.3bn.
Jefferies occupied the fourth position in terms of volume with 13 deals worth US$6.1bn, followed by Perella Weinberg Partners with eight deals worth US$10.3bn.
