JP Morgan and UBS lead retail M&A financial advisory rankings

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JP Morgan and UBS have emerged as the top mergers and acquisitions (M&A) financial advisers in the retail sector for the first three quarters of 2025, according to GlobalData, a data and analytics company. 

GlobalData’s financial deals database shows JP Morgan advising on transactions worth $44.5bn, placing it at the top by value. 

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UBS led by deal volume, advising on nine transactions during the same period. 

GlobalData lead analyst Aurojyoti Bose stated: “Apart from leading by volume during Q1 to Q3 2025, UBS also held the fourth position by value, as some of the deals advised by it were big-ticket deals. During Q1 to Q3 2025, UBS advised on three billion-dollar deals that also included a mega-deal valued more than $20bn. 

“Meanwhile, JP Morgan registered a massive jump in the total value of deals advised by it during Q1 to Q3 2025 compared to Q1 to Q3 2024. It is noteworthy that all the eight deals advised by it during the review period were billion-dollar deals, including a mega-deal valued at more than $20bn.” 

In terms of deal value, Goldman Sachs ranked second with $31.5bn, followed by Citi at $29.2bn, UBS at $28.4bn and Wells Fargo at $26.3bn. 

By number of deals, JP Morgan was second with eight transactions, followed by Generational Group with eight.  

Bank of America, Ernst & Young and Kerrigan Advisors advised on six deals each. 

GlobalData’s league tables are based on the real-time tracking of thousands of company websites, advisory firm websites and other reliable sources available on the secondary domain. A dedicated team of analysts monitors all these sources to gather in-depth details for each deal, including adviser names.  

To ensure further robustness to the data, the company also seeks submissions of deals from leading advisers.  

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