Morgan Stanley and Clearwater International were the top mergers and acquisitions (M&As) financial advisers in the construction sector by value and volume, respectively, during 2024, as per the latest financial advisers league table by leading data and analytics company GlobalData.
GlobalData, the parent company of World Construction Network, ranked advisers in terms of the value and volume of M&A deals on which they advised.
According to the data and analytics company’s deals database, Morgan Stanley secured the top position in terms of value by advising on $41bn worth of deals. Meanwhile, in terms of volume, Clearwater International took the lead by advising on a total of 18 deals.
In terms of value, UBS secured second place by advising on $22.2bn worth of deals, followed by Deutsche Bank with $18.7bn, Goldman Sachs with $18bn, and Evercore with $17.2bn.
With regard to volume, Lazard ranked second with 17 deals, followed by Houlihan Lokey with 15 deals, and Moelis & Company with 14 deals. Although Rothschild & Co also advised on 14 deals, it took the fifth spot because of overall lower deal value.
GlobalData lead analyst Aurojyoti Bose said: “Due to involvement in big-ticket deals, Morgan Stanley registered more than a double-fold jump in the total value of deals advised by it during 2024 compared to 2023. Resultantly, Morgan Stanley went ahead from occupying the seventh position by value in 2023 to top the chart by this metric in 2024.
“Not only did Morgan Stanley occupy the top spot by value in 2024, but it also outpaced its peers by a significant margin. Seven of the 11 deals advised by Morgan Stanley during the year were billion-dollar deals, which also included two mega deals valued [at] more than $10bn.
“Meanwhile, Clearwater International also registered improvement in the number of deals advised by it during 2024 compared to 2023. Resultantly, its ranking by volume also improved from 12th position in 2023 to the top position in 2024.”
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 of 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.
