Morgan Stanley has topped the rankings of the top ten M&A financial advisers in information and communications technology (ICT) for Q2 2018, according to data analytics company GlobalData.
The bank advised on 23 deals worth $118.4 billion and was followed by Goldman Sachs, which advised on 19 deals worth $98.1 billion.
Credit Suisse was the only European player in the top five, with all other advisers in the ranking being US banks.
However, Japanese banks Mizuho Financial and Sumitomo Mitsui Financial were the two Asian players in the top ten.
According to GlobalData, Morgan Stanley advised on all the three highest-value deals in the industry – T-Mobile US’s acquisition of Sprint for $59 billion, Vodafone’s $22 billion acquisition of Unitymedia from Liberty Global, and Bharti Infratel’s proposed $10.7 billion merger with Indus Towers.
The total global ICT deals market had seen a growth trajectory in both value and volume and recorded in Q2 2018 a leap of 118.6 per cent in value, reaching $157.4 billion, against $72 billion in Q2 2017.
The top three players in the ICT of M&A financial advisers held the same ranking in the global M&A league table of top 20 financial advisers, GlobalData said.