-By ArdorComm News Network
January 27, 2025
January 25: GlobalData has unveiled its Financial and Legal Adviser League Tables for 2024, spotlighting the top performers in the oil and gas (O&G) sector’s merger and acquisition (M&A) landscape. Citi emerged as the leader by deal value, while Jefferies claimed the top spot by deal volume, according to the analytics company.
Citi secured its position by advising on $60.8 billion worth of deals, including two mega-deals exceeding $10 billion each. Meanwhile, Jefferies outpaced competitors in deal volume, advising on 23 transactions, 11 of which were billion-dollar deals, including a mega-deal valued over $10 billion.
Aurojyoti Bose, lead analyst at GlobalData, commented: “Jefferies made remarkable progress, improving from the seventh position by volume in 2023 to the top spot in 2024. Its involvement in big-ticket deals also earned it the third position by value.”
He further noted Citi’s dominance by value, adding that it also ranked sixth by deal volume, demonstrating the breadth of its expertise in the sector.
These rankings are based on GlobalData’s Deals Database, which tracks M&A activity worldwide. The performance of Citi and Jefferies underscores the evolving dynamics of the O&G sector and the critical role financial advisers play in facilitating high-stakes transactions.