Morgan Stanley and UBS have emerged as the leading mergers and acquisitions (M&A) financial advisers in the construction sector by value and volume in the first half (H1) of 2024, as per leading data and analytics company GlobalData’s latest league table.  

GlobalData – the parent of World Construction Network – ranked advisers by the value and volume of M&A deals on which they advised.    

According to GlobalData’s Deals Database, Morgan Stanley advised on deals worth $15.5bn, securing the top spot by value during the period. 

In terms of volume, meanwhile, UBS took the lead by advising on eight deals. 

GlobalData lead analyst Aurojyoti Bose said: “Morgan Stanley was the only adviser to surpass $10bn in total deal value during H1 2024. It advised on four billion-dollar deals (deals valued at approximately $1bn) during the review period. The involvement in these big-ticket deals helped Morgan Stanley occupy the top spot by value in H1 2024. 

“Meanwhile, UBS witnessed improvement in the total number of deals advised by it and subsequently there was a significant jump in its ranking by deal volume in H1 2024 compared to H1 2023. It went ahead from occupying the 52nd position by volume in H1 2023 to lead the table in H1 2024. Apart from leading by volume, UBS also held the second position by value during the review period.” 

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In terms of value, UBS ranked second by advising on deals totalling $9.4bn, followed by Lazard at $7.8bn, Barclays at $7.1bn, and RBC Capital Markets at $6.8bn. 

Lazard also took the second position in terms of volume, securing eight deals. 

Lazard was followed by KPMG, also with a total of eight deals while the next spots were secured by Barclays and Moelis & Company, each with seven deals. 

GlobalData’s league tables are based on the real-time tracking of thousands of company websites, advisory businesses, and other reliable sources available via the secondary domain. A dedicated team of analysts monitors all these sources to gather in-depth details for each deal, including adviser names.   

To ensure the further robustness of its data, the company also seeks submissions of deals from leading advisers.