Top 10 financial advisers in the Asia-Pacific region advised on nearly $140 billion worth of deals in the first half of 2020
- While the COVID-19 pandemic has been ravaging most of the world so far this year, the Asia-Pacific region saw deals worth $140 billion close in the first half of 2020.
- Investment bank Morgan Stanley took the lead, advising on over $25 billion worth of deals.
- Professional services firm Ernst & Young topped the table in terms of volume, advising on 32 deals in the same period.
- The Quant Group and ANZ advised on one deal each, but they entered the top 10 by advising on $10.6 billion and $7.9 billion deals respectively.
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According to a report by data and analytics company GlobalData, Morgan Stanley led in terms of the total value of deals closed, while Ernst & Young topped the charts when it comes to the number of deals closed.
With that being said, Ernst & Young (EY) failed to make it to the top 10 in the list despite closing 32 deals. EY closed 33% more deals than Morgan Stanley, which came second by closing 24 deals.
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“Morgan Stanley, apart from leading in value terms, also fared well in volume terms. In contrast, Ernst & Young, despite leading in volume terms, failed to make it to the list of top 10 advisers by value due to its involvement mostly in low-value transactions,”said Aurojyoti Bose, Financial Deals Analyst at GlobalData.
Two notable names in this list are the Quant Group and ANZ, who closed a single deal each. However, their deal values were large enough for them to make it to the top 10. While the Quant Group closed a deal worth $10.6 billion, ANZ closed a $7.9 billion deal.
In terms of value per deal, the Quant Group tops the table with an average of $10.6 billion per deal, while EY comes in last with $0.08 billion per deal.
|S. No.||Adviser name||Deals value ($ billion)||Number of deals||Value per deal ($ billion)|
|12||Ernst & Young||2.7||32||0.08|
According to an EY report, deal volumes in the Asia-Pacific region had dropped to their lowest levels since 2005 in the first quarter of 2020, when the COVID-19 crisis was at its peak in China.
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