25 Jan 2021
 Sullivan & Cromwell and Kirkland & Ellis were top M&A legal advisers by value and volume in global automotive sector for 2020, finds GlobalData Posted in Automotive

Sullivan & Cromwell and Kirkland & Ellis were the top mergers and acquisitions (M&A) legal advisers in the global automotive sector for 2020 by value and volume, respectively. Sullivan & Cromwell advised on five deals worth $10.28bn, which was the highest value among all advisers. Meanwhile, Kirkland & Ellis led in volume terms having advised on nine deals worth $3.7bn. A total 722 M&A deals were announced in sector during 2020, marking an 1.55% increase over the 711 deals announced in 2019, according to GlobalData, a leading data and analytics company.

According to GlobalData's report, 'Global and Automotive M&A Report Legal Adviser League Tables 2020', deal value decreased by 42.12% from $69.36bn in 2019 to $40.14bn in 2020.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: 'None of the advisors in the automotive sector registered double-digit deal volume during the COVID-19-hit 2020 and only one advisor, Sullivan & Cromwell, managed to cross the $10bn mark. Sullivan & Cromwell advised on three billion-dollar deals worth greater than or equal to $1bn. It also occupied the fourth position in terms of volume.

'Meanwhile, Kirkland & Ellis, despite advising on a relatively greater number of deals, failed to secure a ranking in the list of top ten advisers by value. It advised on a single billion-dollar deal only.'

Skadden, Arps, Slate, Meagher & Flom occupied the second position in GlobalData's ranking of legal advisers for M&As in the global automotive sector by value with four deals worth $7.23bn, followed by Davis Polk & Wardwell and Weil Gotshal & Manges with three deals each worth $6.3bn and $6.28bn, respectively.

Baker McKenzie occupied second position by volume with nine deals worth $2.53bn followed by Jones Day with six deals worth $245m.

Attachments

  • Original document
  • Permalink

Disclaimer

GlobalData plc published this content on 25 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 January 2021 21:33:07 UTC