Goldman Sachs & Co. and JPMorgan led the way in the first half of 2021 by both deal value and deal count in the state of Texas.
Mergermarket revealed in exclusive data provided to The Texas Lawbook that Goldman and JPMorgan took the No. 1 and No. 2 spots respectively for each metric.
Goldman, which ranked in No. 12 for deal value and No. 10 for deal count in the first half of 2020, saw 29 deals that accounted for more than $140 billion. The figures mark 22 more deals with a more than 8,500% increase in value half over half.
AT&T’s planned spinoff of WarnerMedia and combination with Discovery Inc. accounted for about $96 billion of Goldman’s deal value in Mergermarket’s count. The firm advised the Dallas telecommunications and media giant in the proposed transaction, alongside LionTree (No. 5).
JPMorgan jumped from No. 3 to No. 2 in deal value half over half, and climbed four places during the same time period in terms of deal count. In the first half of 2021, the firm saw 26 deals totaling more than $134 billion.
Morgan Stanley, last year’s No. 1 by deal value in the first half, fell to the No. 11 spot, while Houlihan Lokey, the top firm by deal count during the same period, fell to No. 7.
The largest jumps made in deal value came from Perella Weinberg Partners, which sprung from H1 2020’s No. 34 to No. 3 with more than $98 billion in transaction value. Like Goldman, the firm also played a role in the WarnerMedia deal, advising Discovery on the forthcoming combination.
RBC Capital Markets also made a significant move, leaping from No. 49 last year to No. 7 with more than $34 billion across eight deals.