The Franklin Resources and Legg Mason deal also included Broadhaven Capital Partners LLC as a buy-side adviser and PJT Partners LP as a sell-side adviser. Morgan Securities and Ardea Partners served as sell-side advisers on that deal. Morgan Stanley advised its parent company on the $13.13 billion deal for E*TRADE Financial Corp. Morgan Securities was a sell-side adviser on Franklin Resources Inc.'s $4.59 billion deal agreement for fe llow asset manager Legg Mason Inc., while Ardea Partners and Morgan Stanley were buy-side advisers. LLC secure the top spots in the first-quarter deal value league table for the asset management and investment banks, brokers and capital markets space. Morgan Securities, Ardea Partners LLC and Morgan Stanley & Co. LLC secured a role as a buy-side adviser in the Visa and Plaid deal.Īsset management and investment banks, brokers and capital marketsĪssignments on two deals helped J.P. Qatalyst Partners LP advised Intuit in its pending acquisition of Credit Karma, while Lazard Freres & Co. Morgan Securities LLC, which came in second place in the first-quarter deal value league table, worked as a sell-side adviser on the Intuit and Credit Karma deal and the Ally Financial and CardWorks deal.Ī couple of financial advisory-focused i-banks also landed spots on the $1 billion-plus transaction and made it near the top of the deal value league table ranking. in its pending $4.90 billion sale to Visa Inc. in its pending $7.10 billion sale to Intuit Inc. On the sell-side, Goldman advised Credit Karma Inc. in its pending $2.65 billion acquisition of nonprime credit card and consumer finance lender CardWorks Inc. Goldman Sachs advised Ally Financial Inc. The activity is providing some big-ticket assignments for investment banks. In 2019, companies announced a number of large deals in the sector, especially in the payments space, and that continued in the first quarter. LLC's roles on some of those transactions helped the investment bank clinch the top spot in the financial advisory deal value league table for the space in the first quarter.
Financial technology and payments companies are once again announcing $1 billion-plus M&A deals, and Goldman Sachs & Co.
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