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Goldman Sachs tops 2018 global oil and gas M&A financial advisers’ league

Publication Date: 04 Feb 2019 - By ReachX Team By ReachX Team
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Equity Fundamental Equity Global Energy Financial Services

US investment bank Goldman Sachs has emerged top of the 2018 oil and gas sector mergers and aquisition (M&A) financial advisers’ league, according to a new industry report. 

A sector specific tabulation by GlobalData - of deal valuation in dollar terms and number of inked agreements - saw GS emerge on top on both counts. The analytics company compiles the league table annually using real-time data tracked from all M&A, private equity/venture capital and asset transaction activity globally.

Figure 1: Leading oil and gas sector M&A financial advisers (Source: GlobalData)

GS scored the top rank with a deal value of $151.8bn, with 46 deals advisory deals, which incidentally was also the highest in terms of volume. Barclays came in second with $143.5bn earned on the strength of 32 deals.

Morgan Stanley, top of the leader-board in 2018, came in third place with 28 deals worth a total of $141.0bn (See Figure 1 above).

Praveen Karnati, Financial Deals Analyst at GlobalData, said: “Goldman Sachs emerged as the top financial adviser in the oil and gas sector, mainly bolstered by two mega deals – Marathon Petroleum’s acquisition of Andeavor for $35.6bn and BP’s acquisition of Petrohawk Energy from BHP for $10.5bn.”

Deal valuation in the oil and gas sector increased by nearly 40% in value from $388.0bn in FY2017 to $541.0bn in FY2018; however, volume rise was sedentary, with only about 3% increase between the years under review.

Fig 2: Leading oil and gas sector M&A legal advisers (Source: GlobalData)

Away from financial advisers, Vinson & Elkins led the oil and gas M&A legal advisers’ league with a total deal valuation of $138.4bn (See Fig. 2 above)

Topping even in terms of volume, the Texas-based legal adviser’s 58 deals are 21 more than the second-placed Latham & Watkins, which worked on deals worth $128.4bn. Cleary Gottlieb Steen & Hamilton came in a close third with $125.6bn from 11 deals that it advised on.

Disclosure:

I have no positions in any of the securities referenced in the contribution

I do not use any non-public, material information in this contribution

To the best of my knowledge, the views expressed in this contribution comply with UK law

I agree with the terms and conditions of ReachX

This contribution is for informational purpose and does not constitute investment advice nor is it an offer to sell or buy, nor is it a recommendation for any security.

ReachX Team

 

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