The Global Mergers And Acquisitions Advisory Market was valued at USD 25.88 Billion in 2023 and is projected to reach USD 32.32 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 2.5% during the forecast period (2023–2032). This growth is propelled by increasing corporate restructuring, private equity deal flow, and cross-border transactions across technology, healthcare, and financial services sectors.
As globalization and digital transformation reshape business landscapes, corporations increasingly rely on strategic M&A advisors to navigate complex transactions. In this analysis, we profile the Top 10 Mergers And Acquisitions Advisory Firms leading this evolving market—global investment banks, specialized boutiques, and diversified financial institutions shaping corporate strategies worldwide.
🔟 1. Goldman Sachs
Headquarters: New York, USA
Key Offering: Full-spectrum M&A advisory, Cross-border transactions, Defense advisory
Goldman Sachs maintains its dominance as the premier global M&A advisor, consistently topping league tables with industry-leading deal volumes. The firm excels in complex, multi-jurisdictional transactions with particular expertise in technology, healthcare, and financial institutions.
Notable Transactions:
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Advised Microsoft on $68.7B Activision Blizzard acquisition (2023)
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Led $160B Linde-Praxair industrial gases merger (2018)
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Top-ranked in global M&A advisor rankings for 6 consecutive years
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9️⃣ 2. Morgan Stanley
Headquarters: New York, USA
Key Offering: Industry-focused M&A, SPAC advisory, Capital solutions
Morgan Stanley’s advisory practice combines sector expertise with capital markets leadership, particularly strong in technology, healthcare, and financial sponsor transactions. The firm has advised on some of the decade’s most transformational deals.
Notable Transactions:
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Advised Broadcom on $61B VMware acquisition
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Key advisor in $34B Salesforce-Slack merger
8️⃣ 3. J.P. Morgan
Headquarters: New York, USA
Key Offering: Cross-border M&A, Private capital advisory, Restructuring
J.P. Morgan leverages its global network to advise on complex international transactions, with particular strength in EMEA and Asia-Pacific markets. The firm maintains top rankings in both North American and European M&A advisory.
Notable Transactions:
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Lead advisor on $43B Kraft Heinz merger
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Ranked #2 global M&A advisor by deal volume (2023)
7️⃣ 4. Bank of America Merrill Lynch
Headquarters: Charlotte, USA
Key Offering: Mid-market M&A, Special committee advisory, Strategic alternatives
Bank of America has built a formidable advisory practice combining deep sector expertise with robust financing capabilities. The firm is particularly active in middle-market deals and complex situations requiring special committee representation.
Notable Transactions:
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Advised Discovery on $43B WarnerMedia merger
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Leading advisor to financial institutions sector
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6️⃣ 5. Citi
Headquarters: New York, USA
Key Offering: Emerging markets M&A, Cross-border transactions, Regulatory advisory
Citi distinguishes itself through unparalleled expertise in emerging markets and complex cross-border deals. The firm maintains strong relationships across Latin America and Asia-Pacific regions.
Notable Transactions:
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Advised Uber on $3.1B Careem acquisition
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Top-ranked M&A advisor for Latin America
5️⃣ 6. Lazard
Headquarters: New York, USA
Key Offering: Independent advisory, Activism defense, Special situations
As the largest pure-play investment bank, Lazard provides conflict-free advice on transformative mergers, acquisitions, and restructuring scenarios. The firm is particularly known for its work with corporate boards and special committees.
Notable Transactions:
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Advised on $130B Disney-21st Century Fox deal
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Leading restructuring advisor globally
4️⃣ 7. Rothschild & Co
Headquarters: Paris, France
Key Offering: Mid-market M&A, Private transactions, Strategic partnerships
Rothschild maintains its position as Europe’s leading independent advisor with global capabilities. The firm has particular strength in natural resources, consumer sectors, and family-owned business transactions.
Notable Transactions:
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Lead advisor on several EU-sanctioned mergers
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Key player in energy transition financing
3️⃣ 8. Evercore
Headquarters: New York, USA
Key Offering: Board advisory, Defense strategy, Fairness opinions
Evercore has rapidly grown from boutique to top-tier status, specializing in high-value strategic assignments and defense advisory work. The firm excels in technology and healthcare transactions.
Notable Transactions:
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Advised LinkedIn on $26B Microsoft acquisition
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Notable activist defense mandates
2️⃣ 9. Moelis & Company
Headquarters: New York, USA
Key Offering: Independent advice, Special situations, Capital structure advisory
Moelis has carved a niche as a conflict-free advisor for complex scenarios including cross-border deals and restructuring. The firm has successfully leveraged its technology practice to gain market share.
Notable Transactions:
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Advised T-Mobile on $26B Sprint merger
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Key advisor in multiple FTSE 100 transactions
1️⃣ 10. PJT Partners
Headquarters: New York, USA
Key Offering: Strategic advisory, Shareholder activism, Restructuring
PJT combines strong M&A capabilities with best-in-class restructuring expertise, allowing comprehensive client support through business cycles. The firm is particularly strong in defense advisory and complex situations.
Notable Transactions:
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Multiple Fortune 500 strategic alternatives engagements
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Leading post-pandemic restructuring advisor
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🌍 Outlook: The Future of M&A Advisory
The mergers and acquisitions advisory market is evolving rapidly amid shifting economic conditions and technological disruption. Firms must now navigate ESG considerations, regulatory complexity, and new forms of industry convergence.
📈 Key Market Trends:
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Increasing regulatory scrutiny of cross-border transactions
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Growth of private capital’s role in dealmaking
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Specialization in technology-driven sectors
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Rising demand for independent fairness opinions
Critical Factors Shaping M&A Advisory Services
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Digital transformation creating new deal opportunities – Technology convergence is blurring traditional industry boundaries, generating novel transaction types.
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Geopolitical factors influencing deal flows – Trade policies and national security concerns are reshaping cross-border transaction structures.
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Private equity’s growing influence – With over $1 trillion in available capital, sponsors are transforming competitive dynamics.
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The firms featured here represent the vanguard of corporate finance—guiding enterprises through increasingly complex transactions while helping shape industries through strategic dealmaking.