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Top mergers and acquisitions legal advisers

Clifford Chance and Allen & Overy were top mergers and acquisitions (M&A) legal advisers in the Middle East and Africa (MEA) region for 2020

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Top mergers and acquisitions legal advisers

Clifford Chance and Allen & Overy were the top mergers and acquisitions (M&A) legal advisers in the Middle East and Africa (MEA) region for 2020 by value and volume, respectively. Clifford Chance advised on 10 deals worth US$21.2bn, which was the highest value among all the advisers. Meanwhile, Allen & Overy led in volume terms having advised on 21 deals worth US$12.6bn. A total of 954 M&A deals were announced in the MEA region during 2020, marking a 12.6% decrease over the 1,092 deals announced in 2019, according to GlobalData, a leading data and analytics company.

According to GlobalData’s report, ‘Global and the Middle East & Africa M&A Report Legal Adviser League Tables 2020’, deal value decreased by 53.7% from US$177bn in 2019 to US$82bn in 2020.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Clifford Chance advised on four billion-dollar deals that were valued more than or equal to US$1bn, which also included one mega-deal valued more than or equal to US$10bn and was the only adviser that managed to surpass the US$20bn mark during the COVID-19 hit 2020.

Meanwhile, Allen & Overy was also the only firm to advise on more than 20 deals. It also managed to secure the sixth position by value.”

Middle East & Africa M&A Review 2020 //Legal Adviser League tables by Value
Middle East & Africa M&A Review 2020 /Legal Adviser League tables by Value 
Middle East & Africa M&A Review 2020 /Legal Adviser League tables by Value 
Middle East & Africa M&A Review 2020 /Legal Adviser League tables by Volume

 

Ashurst occupied the second position in GlobalData’s ranking of legal advisers for M&As in the MEA region by value with five deals worth a total US$17.1bn, followed by Cleary Gottlieb Steen & Hamilton with two deals worth US$15bn. Abuhimed Alsheikh Alhagbani Law Firm and Khoshaim & Associates jointly held the fourth position with a single deal each worth US$14.8bn.

White & Case occupied the second position by volume with 13 deals worth US$2.1bn, followed by Baker McKenzie with 12 deals worth US$3.9bn.

 

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