(Asia) – Goldman Sachs topped the list for M&A work outside Japan in Asia during the June quarter.According to Thomson Financial, the market saw total transaction volume fall 14 percent from the second quarter 2001 to US$29.8 billion.
Goldman advised clients on announced transactions valued at US$11.5 billion – 39 percent of total M&A deals done in the period, jumping from 10th position at the end of the first quarter of this year.
Morgan Stanley, number one in the first quarter advising on US$1.5 billion worth of announced transactions, didn’t make it into the top 10 this quarter in terms of transaction value, although came in second during this second quarter behind Citigroup in terms of the number of deals completed.
Rothschild advised on deals worth US$10.4 billion, China International Capital advised on US$10.3 billion and Citigroup/Salomon Smith Barney along with JPMorgan rounded out the top five most active advisers, working on announced deals worth US$3.7 billion and US$2 billion respectively.
China was the biggest geographical market for M&A during the quarter in both volume and value terms, with 155 transactions worth US$11.9 billion announced.