View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
November 4, 2020

Goldman Sachs and Houlihan Lokey were top M&A financial advisers in Q3

Goldman Sachs and Houlihan Lokey were the top mergers and acquisitions (M&A) financial advisers in the automotive sector for Q1-Q3 2020 by value and volume, respectively. A total of 499 M&A deals were announced in automotive sector during this period, according to GlobalData, a leading data and analytics company.

By Sam Duke

Goldman Sachs and Houlihan Lokey were the top mergers and acquisitions (M&A) financial advisers in the automotive sector for Q1-Q3 2020 by value and volume, respectively. A total of 499 M&A deals were announced in automotive sector during this period, according to GlobalData, a leading data and analytics company.

According to GlobalData’s M&A report, ‘Global and Automotive M&A Report Financial Adviser League Tables Q1-Q3 2020’, there was a 11.8% decrease over 566 deals that were announced during Q1–Q3 2019. Deal value also decreased by 27.3% from $40bn in Q1–Q3 2019 to $29bn in Q1–Q3 2020.

In GlobalData’s ranking, Goldman Sachs secured top position in terms of deal value by advising on four deals worth $4.7bn, which was the highest value among all the advisers. Meanwhile, Houlihan Lokey led in terms of volume having advised on five deals worth $218m.

Aurojyoti Bose, Financial Deals Analyst at GlobalData, comments: “Houlihan Lokey, despite leading in terms of volume, failed to even surpass $1bn mark due to its lack of involvement in high-value transactions. In result, it lost the top position by value to Goldman Sachs. It also did not feature among the top 10 advisors by value.

“In contrast, Goldman Sachs not only led by value, but also managed to occupy the third position by volume. It advised on two billion-dollar deals (deals worth greater than or equal to $1bn) while Houlihan Lokey could not advise on any such high-value transactions.”

Bank of America occupied second position in terms of value with three deals worth $3.4bn. This was followed by Rockfeller and Light Source Capital with one deal each worth $3.3bn and $1.5bn, respectively.

Robert W Baird occupied the second position by volume, with five deals worth $204m, followed by Goldman Sachs.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Auto