Source: GlobalData
Simpson Thacher & Bartlett and Kirkland & Ellis top M&A legal advisers in retail sector during Q1-Q3 2024, reveals GlobalData
Posted in Business Fundamentals
Simpson Thacher & Bartlett and Kirkland & Ellis were the top mergers and acquisitions (M&A) legal advisers in the retail sector during Q1-Q3 2024 by value and volume, respectively according to the latest legal advisers league table by GlobalData, a leading data and analytics company.
An analysis of GlobalData’s Deals Database reveals that Simpson Thacher & Bartlett achieved the top position in terms of value by advising on $8.8 billion worth of deals. Meanwhile, Kirkland & Ellis led in terms of volume by advising on a total of 13 deals.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Simpson Thacher & Bartlett registered more than a double-fold jump in the total value of deals advised by it during Q1-Q3 2024 compared to Q1-Q3 2023. Resultantly, it went ahead from occupying the seventh position by value during Q1-Q3 2023 to top the chart during Q1-Q3 2024. The involvement in the acquisition of 60% stake in Newland Commercial Management by a consortium of investors for $8.3 billion played a pivotal role for Simpson Thacher & Bartlett in registering a massive jump in terms of value and in securing the top spot by this metric.
“Meanwhile, Kirkland & Ellis was the top adviser by volume during Q1-Q3 2023 and despite witnessing a YoY decline in number of deals advised, it managed to retain the leadership position by this metric during Q1-Q3 2024.”
White & Case occupied the second position in terms of value, by advising on $5.8 billion worth of deals, followed by Paul, Weiss, Rifkind, Wharton & Garrison with $4.6 billion, Willkie Farr & Gallagher with $2.7 billion and Gibson, Dunn & Crutcher with $2.7 billion.
Meanwhile, Addleshaw Goddard occupied the second position in terms of volume with 12 deals, followed by White & Case with eight deals, Paul, Weiss, Rifkind, Wharton & Garrison with seven deals and Cuatrecasas with seven deals.