Goldman Sachs Cements Status as Top Adviser for Global M&A Volume

After advising both Baker Hughes and Allergan in their recently-announced takeover deals, Goldman Sachs cemented its status as the number one financial adviser for global mergers & acquisitions volume, at $873 billion year-to-date, according to Thomson Reuters. Morgan Stanley is second, with a ranking value of $688 billion, while J.P. Morgan, Citigroup and Bank of America Merrill Lynch round out the top five. In Halliburton's $34.6 billion purchase of Baker Hughes, Halliburton advisers Bank of America and Credit Suisse stand to share as much as $68 million in fees, according to Freeman & Co. Goldman Sachs may receive up to $75 million from its role advising Baker Hughes, plus its fees from advising Allergan as it is acquired by Actavis for $66 billion. Goldman and Bank of America will share up to $92 million from advising Allergan on that deal, according to Freeman.