Top 10 financial advisers in the Asia-Pacific region advised on nearly $140 billion worth of deals in the first half of 2020
Jul 24, 2020, 09:27 IST
- 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.
- Check out the latest news and updates on Business Insider.
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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 led the charge, advising on over $25 billion worth of deals.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.
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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) |
| 1 | Morgan Stanley | 25.3 | 24 | 1.05 |
| 2 | JP Morgan | 24.4 | 14 | 1.74 |
| 3 | Deloitte | 16.5 | 13 | 1.27 |
| 4 | UBS | 14.7 | 12 | 1.23 |
| 5 | Credit Suisse | 12.9 | 11 | 1.17 |
| 6 | Quant Group | 10.6 | 1 | 10.60 |
| 7 | Houlihan Lokey | 10.1 | 4 | 2.53 |
| 8 | Nomura | 9.6 | 22 | 0.44 |
| 9 | ANZ | 7.9 | 1 | 7.90 |
| 10 | Goldman Sachs | 6.1 | 13 | 0.47 |
| 11 | Citi | 3.3 | 9 | 0.37 |
| 12 | Ernst & Young | 2.7 | 32 | 0.08 |
| 13 | PricewaterhouseCoopers | 1.5 | 14 | 0.11 |
Source: GlobalData
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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