The top M&A advisors in the construction industry during the first quarter of 2024

GlobalData has announced the latest financial and legal advisor league tables, which rank advisors by the total value and volume of merger and acquisition (M&A) transactions they advised in the construction industry during the first quarter of 2024.

Lazard was the leading mergers and acquisitions (M&A) financial advisor to the construction industry in Q1 2024 and Q3 2024, both by value and volume, according to the latest Financial Advisor Rankings from GlobalData.

An analysis of GlobalData’s deal database reveals that Lazard took the top position by advising on 14 deals worth $14.1 billion.

Aurojyoti Bose, Principal Analyst, GlobalData comments, “Lazard witnessed a year-on-year (YoY) improvement in both volume and value of deals in Q1 2024, but growth was more pronounced in terms of value. It reported a more than three-fold jump in the total value of deals advised by it in Q1 2024 compared to Q1 2023. Lazard advised on $5 billion in transactions (more) during 1-Q3 2024. Involvement in these large deals helped register a massive jump in value.”

Morgan Stanley came in second in terms of value, advising on deals worth $13.3 billion, followed by Barclays at $11.5 billion, UBS at $11.4 billion and Moelis & Company at $7.6 billion.

Meanwhile, Rothschild & Co took second place in volume with 12 deals, followed by Clearwater International with 12 deals, KPMG with 12 deals and Barclays with 11 deals.

Legal advisors

Allen & Overy and Kirkland & Ellis were the top mergers and acquisitions (M&A) legal advisers in the construction sector in the first quarter of 2024 and the third quarter of 2024 by value and volume, respectively, according to the league table of legal advisors.

An analysis of GlobalData’s deal database reveals that Allen & Overy took the top position in terms of value advising on deals worth $10.3 billion. Meanwhile, Kirkland & Ellis led in terms of volume advising on a total of 28 deals.

Bose comments: “Kirkland & Ellis was the top advisor by volume in the first quarter of 2023 and also managed to maintain its leadership position by this metric in the first quarter of 2024. Meanwhile, Allen & Overy saw an improvement significant of its ranking by value from 60th position in Q1 2023 to first position in Q1 2024 as there was a massive year-over-year (YoY) jump in total deal value. advised by him.

“Participation in the $8.3 billion acquisition of a 60% stake in Zhuhai Wanda Commercial Management by a consortium of investors was instrumental in Allen & Overy registering a massive jump in terms of value and to secure first place in this metric.”

Paul, Weiss, Rifkind, Wharton & Garrison ranked second by value, advising on deals worth $9.8 billion, followed by Simpson Thacher & Bartlett at $9.2 billion, Davis Polk & Wardwell at $7.4 billion of dollars and Cravath Swaine & Moore with 7.1 billion dollars.

Meanwhile, CMS ranked second in volume with 20 deals, followed by White & Case with 12 deals, Allen & Overy with 11 deals and Latham & Watkins with 11 deals.