Goldman Sachs and Houlihan Lokey have taken the lead as the top mergers and acquisitions (M&A) financial advisers globally in terms of value and volume, respectively, for the first three quarters of 2024, according to the latest financial advisers league table by GlobalData. 

According to GlobalData’s Deals Database, which assesses financial advisers based on the M&A deals they have facilitated, Goldman Sachs secured the top spot in the value rankings by advising on deals worth $308.8bn.  

Houlihan Lokey, on the other hand, led the volume category with 198 advised deals.  

GlobalData lead analyst Aurojyoti Bose said: “Goldman Sachs was the top adviser by value during Q1-Q3 2023 and managed to retain its leadership position by this metric during Q1-Q3 2024 as well.  

“It registered 14.2% growth in the total value of deals advised by it during Q1-Q3 2024 compared to Q1-Q3 2023. In fact, Goldman Sachs was the only adviser to surpass $300bn in total deal value during the review period.  

“It is also worth noting that about half of the deals advised by it during Q1-Q3 2024 were billion-dollar deals. The company advised on 67 billion-dollar deals during Q1-Q3 2024 that also included six mega deals valued more than $10bn. 

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“Meanwhile, Houlihan Lokey registered improvement in the total number of deals advised by it during Q1-Q3 2024 compared with Q1-Q3 2023 and was just shy of hitting the 200 deals volume mark. It went ahead from occupying the second position by volume during Q1-Q3 2023 to top the chart by this metric during Q1-Q3 2024.” 

For the second position, JP Morgan closely trailed Goldman Sachs, having advised on deals amounting to $293.3bn. 

Morgan Stanley followed with advisory on deals worth $243.1bn, while Citi and Evercore advised on deals valued at $191.7bn and $187.8bn, respectively.  

In terms of deal volume, Rothschild & Co took the second position with 163 deals, with Goldman Sachs also showing a strong performance in this area with 139 deals. 

JP Morgan, with 121 deals, and UBS, with 119 deals, rounded out the top five in deal volume.