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GlobalData : Goldman Sachs was top M&A financial adviser in global TMT sector for Q1-Q3 2020

10/29/2020 | 06:55pm
29 Oct 2020
Goldman Sachs was top M&A financial adviser in global TMT sector for Q1-Q3 2020
Posted in Business Fundamentals

Goldman Sachs emerged as the top financial adviser for mergers and acquisitions (M&A) by both value and volume in the global technology, media & telecom (TMT) sector for Q1-Q3 2020, having advised on 62 deals worth $143.5bn. A total 6,608 M&A deals were announced in sector during this timeframe, marking an 8.6% increase over the 6,085 deals announced during the same period in 2019, according to GlobalData, a leading data and analytics company.

According to GlobalData's report, 'Global and Technology, Media & Telecom M&A Report Financial Adviser League Tables Q1-Q3 2020', deal value increased by 5.7% from $630bn in Q1-Q3 2019 to $666bn in Q1-Q3 2020.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: 'While most of the sectors were heavily impacted by the challenges of COVID-19, the TMT sector remained relatively resilient - in fact, deal activity in the sector improved. Goldman Sachs managed to capitalize on this opportunity and advise on the highest number of deals, which included several high-value transactions that helped it to also top the list by value. The firm was involved in 22 deals worth more than or equal to $1bn. Of these, three were megadeals (deals valued more than or equal to $10bn).'

Bose concluded: 'Morgan Stanley occupied second position in GlobalData's ranking of financial advisers for M&As in the global TMT sector by value with 53 deals worth a total $129.4bn, followed by JP Morgan with 47 deals worth $92bn and Citi with 24 deals worth US$90.7bn.

'Ernst & Young occupied second position by volume with 54 deals worth a total $1.9bn, followed by Morgan Stanley and JP Morgan.'


GlobalData plc published this content on 29 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 October 2020 23:54:07 UTC

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