Lazard and Rothschild & Co were the top mergers and acquisitions (M&A) financial advisers in the automotive sector in 2023 by value and volume, respectively according to the latest financial advisers league table by GlobalData.
An analysis of GlobalData’s Deals Database reveals that Lazard achieved its leading position in terms of value by advising on US$4bn worth of deals. Meanwhile, Rothschild & Co led in terms of volume by advising on four deals.
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Aurojyoti Bose, lead analyst at GlobalData, said: “Rothschild & Co was the top adviser by value as well as volume in 2022 but managed to retain its leadership in terms of volume only in 2023. It registered massive fall in total value of deals advised and had to settle for the sixth position by value in 2023. In fact, most of the advisers reported decline in disclosed deal value in 2023 compared to the previous year. Meanwhile, Lazard, apart from leading the chart by value, also occupied the second position by volume during 2023.”
Lazard occupied the second position in terms of volume with three deals, followed by Stifel/KBW with three deals, Houlihan Lokey with three deals and Lincoln International with three deals.
Meanwhile, Perella Weinberg Partners occupied the second position in terms of value, by advising on $3.9bn worth of deals while Bank of America, BNP Paribas and Citi jointly occupied the third position with each of them advising on $3.9bn worth of deals.
Legal Advisers
Allen & Overy and White & Case were the top mergers and acquisitions (M&A) legal advisers in the automotive sector in 2023 by value and volume, respectively.
An analysis of GlobalData’s Deals Database reveals that Allen & Overy achieved its leading position in terms of value by advising on US$5.5bn worth of deals. Meanwhile, White & Case led in terms of volume by advising on seven deals.
Bose said: “None of the advisers were able to able to hit the double-digit deal volume or $10bn mark in 2023. Meanwhile, both Allen & Overy and White & Case registered improvement in terms of deal value and volume and their rankings by these metrics in 2023 compared to the previous year.”
Hengeler Mueller occupied the second position in terms of value, by advising on $4.5bn worth of deals, followed by White & Case with $4.4bn, Clifford Chance with $2.3bn and Cleary Gottlieb Steen & Hamilton with $2bn.
Meanwhile, Baker McKenzie occupied the second position in terms of volume with five deals, followed by Kirkland & Ellis with five deals, CMS with five deals and Allen & Overy with four deals.
