Morgan Stanley has topped the latest mergers and acquisitions (M&A) league table of the top 10 financial advisers in the construction sector based on deal value in 2019, according to GlobalData, a leading data analytics company.
Morgan Stanley left behind its counterparts JP Morgan, Citi and Goldman Sachs to lead the table with 25 deals worth US$43.0bn.
According to GlobalData, which tracks all M&A, private equity/venture capital and asset transaction activity around the world to compile league tables, JP Morgan occupied second position with 30 transactions worth US$40.5bn, followed by Citi with 14 transactions worth US$27.8bn.
Ravi Tokala, Financial Deals Analyst at GlobalData, says: “With only one megadeal (>US$10bn) and less than ~50 deals crossing US$1bn in 2019, the construction sector witnessed a major drop in overall deal value as compared with the same period last year. Prologis’ acquisition of Liberty Property Trust for US$12.6bn and CapitaLand’s purchase of Ascendas and Singbridge for US$8.1bn were instrumental in deciding the top spot for both financial and legal advisers in the league table.”