Goldman Sachs and Lazard top M&A financial advisers in power sector during Q1 2024, reveals GlobalData

29 Apr, 2024 Goldman Sachs and Lazard top M&A financial advisers in power sector during Q1 2024, reveals GlobalData

Posted in Business Fundamentals

Goldman Sachs and Lazard were the top mergers and acquisitions (M&A) financial advisers in the power sector during the first quarter (Q1) of 2024 by value and volume, respectively, according to the latest financial advisers league table by GlobalData, a leading data and analytics company.

An analysis of GlobalData's Deals Database revealed that Goldman Sachs achieved its leading position in terms of value by advising on $6.3 billion worth of deals. Meanwhile, Lazard led in terms of volume by advising on a total of eight deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: "Goldman Sachs retained the top position by value in Q1 2024 from Q1 2023, even though there was a drop in the total value of deals advised by it. Apart from leading by value, Goldman Sachs also occupied the fifth position by volume.

"Meanwhile, Lazard registered an improvement in the number of deals advised as well as its ranking by deal volume in Q1 2024 compared to Q1 2023. It went ahead from occupying the sixth position by volume in Q1 2023 to top the chart by this metric in Q1 2024. Apart from leading by volume, Lazard also occupied the second position in terms of value in Q1 2024."

Lazard occupied the second position in terms of value, by advising on $3.4 billion worth of deals, followed by HSBC with $3.2 billion whereas Citi, Mizuho Financial Group, and Santander Group jointly occupied the fourth position by value, advising on deals worth $3 billion each.

Meanwhile, Rothschild & Co occupied the second position in terms of volume with five deals, followed by KPMG with five deals, Guggenheim Partners with four deals, and Goldman Sachs with three deals.