In the first three quarters of 2023, Morgan Stanley emerged as a leading adviser in mergers and acquisitions (M&A) in both the oil and gas sector and the technology, media, and telecom (TMT) sector, according to data released by GlobalData.
In the oil and gas sector, Morgan Stanley advised on $53.7bn worth of deals, which included eight billion-dollar transactions and one mega deal over $10bn. This positioned Morgan Stanley ahead of Goldman Sachs, which secured second place with $43.9bn worth of deals. Bank of America followed with $34.4bn, RBC Capital Markets with $33.9bn, and Perella Weinberg Partners with $30.9bn.
In terms of volume in the oil and gas sector, RBC Capital Markets led the way by advising on 29 deals, ten of which were billion-dollar transactions. JP Morgan was second in volume with 16 deals.
In the TMT sector, despite a general decrease in deal values from Q1-Q3 2022, Morgan Stanley ascended from third to first place due to a lesser decline, advising on deals worth $94.7bn. Goldman Sachs followed with $79bn in advised deals, JP Morgan with $67bn, Qatalyst Partners with $58.1bn, and Moelis (NYSE:MC) & Company with $36.8bn.
In terms of volume in the TMT sector, Houlihan Lokey (NYSE:HLI) led with 43 transactions. Rothschild & Co, KPMG, PwC, and JP Morgan followed Houlihan Lokey in deal volume with 39, 31, 30, and 26 deals respectively.
These rankings highlight Morgan Stanley's strong performance across multiple sectors for the first three quarters of 2023, marking its dominance in M&A advising in both value and volume.
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