JP Morgan a retail big spender, GlobalData research
JP Morgan has topped GlobalData’s M&A league table of the top ten financial advisers for the retail industry in Q2 2018. The bank was responsible for five deals worth a combined $21.5 billion, including the industry’s highest value deal – Walmart’s proposed acquisition of a 77% stake in Flipkart for $16 billion.
Barclays and Goldman Sachs also made the top three, with $20.4 billion and $18.8 billion, respectively. Prakhar Baghmar, Financial Deals Analyst at GlobalData, says: “Involvement in big-ticket deals has proved to be the game changer in the retail industry, as all four advisers involved in the Walmart-Flipkart deal made it into the top half of the table, while Rothschild came seventh, despite working on 12 transactions.”
