Commodities News Spotlights

Morgan Stanley, UBS lead in oil and gas, power sector M&A advising

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UBS and PwC emerged as leading advisers in the power sector’s M&A landscape for Q1-Q3 2023, according to data released by GlobalData. UBS advised on deals worth $17.1 billion, securing its position through key roles such as the $15 billion Toshiba (OTC:TOSYY) acquisition by TBJH. In terms of volume, PwC led with 14 transactions, a significant rise from its 11th place in Q1-Q3 2022. Other notable advisers included Goldman Sachs with $11.3 billion worth of advised deals, followed by Bank of America, Barclays, and Citi with $9.5 billion, $8.7 billion and $8.5 billion, respectively.

On the other hand, in the oil and gas sector’s M&A landscape for the same period, Morgan Stanley and RBC Capital Markets were identified as leading advisers. Morgan Stanley led by value with $53.7 billion in deals, including one mega-deal over $10 billion, while RBC Capital Markets led by volume with 29 deals that included 10 billion-dollar deals. Goldman Sachs, Bank of America, and Perella Weinberg Partners followed in terms of value with $43.9 billion, $34.4 billion, and $30.9 billion, respectively.

In terms of volume in the oil and gas sector, JP Morgan was second with 16 deals, followed by Evercore, Citi, and Barclays. GlobalData highlighted Morgan Stanley’s achievement of surpassing $50 billion in deal value and underscored the significant role these financial advisers play in their respective sectors’ M&A landscapes.

In terms of volume in the power sector after PwC’s lead with 14 deals, KPMG was the second most active adviser with 12 deals, followed by Rothschild & Co and Ernst & Young each with 11 deals, and UBS with eight.UBS and PwC emerged as leading advisers in the power sector’s M&A landscape for Q1-Q3 2023, according to data released by GlobalData. UBS advised on deals worth $17.1 billion, securing its position through key roles such as the $15 billion Toshiba (OTC:TOSYY) acquisition by TBJH. In terms of volume, PwC led with 14 transactions, a significant rise from its 11th place in Q1-Q3 2022. Other notable advisers included Goldman Sachs with $11.3 billion worth of advised deals, followed by Bank of America, Barclays, and Citi with $9.5 billion, $8.7 billion and $8.5 billion, respectively.

On the other hand, in the oil and gas sector’s M&A landscape for the same period, Morgan Stanley and RBC Capital Markets were identified as leading advisers. Morgan Stanley led by value with $53.7 billion in deals, including one mega-deal over $10 billion, while RBC Capital Markets led by volume with 29 deals that included 10 billion-dollar deals. Goldman Sachs, Bank of America, and Perella Weinberg Partners followed in terms of value with $43.9 billion, $34.4 billion, and $30.9 billion, respectively.

In terms of volume in the oil and gas sector, JP Morgan was second with 16 deals, followed by Evercore, Citi, and Barclays. GlobalData highlighted Morgan Stanley’s achievement of surpassing $50 billion in deal value and underscored the significant role these financial advisers play in their respective sectors’ M&A landscapes.

In terms of volume in the power sector after PwC’s lead with 14 deals, KPMG was the second most active adviser with 12 deals, followed by Rothschild & Co and Ernst & Young each with 11 deals, and UBS with eight.

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