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GlobalData : Kirkland & Ellis was top M&A legal adviser in global TMT sector for Q1-Q3 2020
|10/29/2020 | 07:00pm|
Kirkland & Ellis was top M&A legal adviser in global TMT sector for Q1-Q3 2020 Posted in Business Fundamentals
Kirkland & Ellis has emerged as the top legal 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 135 deals worth $74.9bn. A total 6,608 M&A deals were announced in the sector within 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 Legal 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: 'Kirkland & Ellis was the only legal advisor that managed to advise on more than 100 deals amid the challenges brought by COVID-19. It also advised on 13 deals valued more than or equal to $1bn, which included two mega-deals (deals valued more than or equal to $10bn). This helped the firm outpace its peers by a great margin in terms of volume and value.'
Skadden, Arps, Slate, Meagher & Flom occupied second position in GlobalData's ranking of top legal advisers for M&As in the global TMT sector by value with 40 deals worth $54.1bn in total, followed by Cleary Gottlieb Steen & Hamilton with 17 deals worth $52.7bn, and Weil Gotshal & Manges with 56 deals worth $50.1bn.
Bose adds: 'Fenwick & West and Jones Day occupied second position and third position by volume with 83 deals each worth a total of $25.1bn and $24.8bn, respectively; followed by Latham & Watkins with 78 deals worth $34.6bn in total.
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 23:59:07 UTC