Morgan Stanley leads construction M&A financial advisers

By Jenny Lescohier14 January 2020


GlobalData says Morgan Stanley bumped counterparts JP Morgan, Citi and others

Morgan Stanley now heads up the latest mergers and acquisitions (M&A) league table of the top ten financial advisers in the construction sector based on deal value in 2019, according to data analytics company GlobalData.

Morgan Stanley left behind its counterparts JP Morgan, Citi and Goldman Sachs to lead the table with 25 deals worth US$43 billion.

According to GlobalData, which tracks all M&A, private equity/venture capital and asset transaction activity around the world to compile league tables, JP Morgan occupied second position with 30 transactions worth US$40.5 billion, followed by Citi with 14 transactions worth US$27.8 billion.

“With only one megadeal (>US$10 billion) and less than ~50 deals crossing US$1 billion in 2019, the construction sector witnessed a major drop in overall deal value as compared with the same period last year,” says Ravi Tokala, financial deals analyst at GlobalData. 

“Prologis’ acquisition of Liberty Property Trust for US$12.6 billion and CapitaLand’s purchase of Ascendas and Singbridge for US$8.10 billion were instrumental in deciding the top spot for both financial and legal advisers in the league table.”

The construction sector saw a decline in the value of deals in 2019 when compared with 2018. The overall deal value plunged by 44.5% from US$368.1 billion in 2018 to US$204.5 billion in 2019. However, deal volume increased by 6.12% from 2,531 to 2,686.

Delivered directly to your inbox, World Construction Week Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Longer Reads
5 ways to make remote working work
Keith Ali, MD at Creative ITC, explains how to overcome 5 common challenges when deploying remote working solutions to ensure AEC organisations realise business benefits from digital transformation.
COMMENT: Are we at the beginning of a golden decade in German construction?
Peter Gerstmann, chairman of the board of management of the Zeppelin Group discusses growing opportunities for the German construction sector
Can hydrogen engines turn construction green?
Hydrogen combustion engines move to centre stage as construction aims for zero emissions
Andy Brown Editor, International Construction Tel: +44 (0) 1892 786 224 E-mail:
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: