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GlobalData has announced the latest updates to its Financial and Legal Adviser League Tables, which rank advisers by the total value and volume of merger and acquisition (M&A) deals on which they advised for the global construction sector during the first half (H1) of 2024.

Morgan Stanley and UBS were the top mergers and acquisitions (M&A) financial advisers in the construction sector during H1 2024 by value and volume, respectively, according to the latest financial advisers league table by GlobalData.

An analysis of GlobalData’s Deals Database reveals that Morgan Stanley achieved the leading position in terms of value by advising on $15.5bn-worth of deals. Meanwhile, UBS led in terms of volume by advising on eight deals.

Aurojyoti Bose, lead analyst at GlobalData, comments: “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 over $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.”

UBS occupied the second position in terms of value by advising on $9.4bn-worth of deals, followed by Lazard with $7.8bn, Barclays with $7.1bn and RBC Capital Markets with $6.8bn.

Meanwhile, Lazard occupied the second position in terms of volume with eight deals, followed by KPMG with eight deals, Barclays with seven deals and Moelis & Company with seven deals.

Legal advisers

Paul, Weiss, Rifkind, Wharton & Garrison and Kirkland & Ellis were the top M&A legal advisers in the construction sector during H1 2024 by value and volume, respectively, according to the latest legal advisers league table by GlobalData.

An analysis of GlobalData’s Deals Database reveals that Paul, Weiss, Rifkind, Wharton & Garrison achieved the leading position in terms of value by advising on $9.8bn-worth of deals. Meanwhile, Kirkland & Ellis led in terms of volume by advising on 16 deals.

Aurojyoti Bose, lead analyst at GlobalData, comments: “Kirkland & Ellis was the top adviser by volume in H1 2023 and managed to retain its leadership position by this metric in H1 2024 as well. It was among the only two advisers to hit double-digit deal volume during H1 2024.

“Meanwhile, Paul, Weiss, Rifkind, Wharton & Garrison was just shy of touching the $10bn total deal value mark during the review period. It witnessed improvement in its ranking by value from fifth position in H1 2023 to the top spot in H1 2024.”

CMS occupied the second position in terms of volume with 14 deals, followed by White & Case with nine deals, Simpson Thacher & Bartlett with eight deals and Latham & Watkins with seven deals.

Meanwhile, Allen & Overy occupied the second position in terms of value, by advising on $8.3bn-worth of deals, followed by Simpson Thacher & Bartlett with $7.5bn, Davis Polk & Wardwell with $7.4bn and White & Case with $6.7bn.