October. 2. 2021
Morgan Stanley maintains leadership position in local M&A advisory market
|Morgan Stanley offices in New York / AP-Yonhap|
By Anna J. Park
Since the start of the year, Morgan Stanley has been the number one financial firm providing advisory services to local businesses subject to mergers and acquisitions (M&A).
Morgan Stanley is more than 3 trillion won ($ 2.5 billion) ahead of JPMorgan, which ranks second in the M&A advisory market since the start of the year by value total merger and acquisition transactions they have entered into on the basis of their advisory services. . It is therefore highly likely that Morgan Stanley will maintain its leadership position until the end of this year.
The $ 4 billion acquisition deal for Korea’s leading food delivery app Baemin is the main reason Morgan Stanley has been the number one player in the local M&A advisory market this year.
Morgan Stanley also advised on other major M&A transactions, including the sale of the global communications platform Hyperconnect to the United States-based Match Group, the sale of the Samsung Display LCD plant in China to CSOT and the sale of Job Korea to Affinity Equity Partners. The global finance company also advised on another major deal here, the sale of eBay Korea for 3.4 trillion won to retailer E-mart.
JPMorgan and Goldman Sachs follow in the list of top M&A advisors, as they took second and third positions in terms of cumulative deals in the first three quarters of this year.
JPMorgan, in particular, had been left out of the top 10 in the first quarter of this year. Still, it rose to the top three in the second quarter, with the closing of major deals including the acquisition of Ithaca Holdings by HYBE and the sale of waste management company Clenco.
The total amount of merger and acquisition deals accumulated in the first three quarters of this year reached 54.9 trillion won, with 416 deals. This figure is a huge increase from 35.6 trillion won from 320 transactions recorded during the same period last year.