Bank of America Tops Europe M&A by Value as Rothschild Leads by Volume in Q1–Q3 2025

Overview

• Bank of America led by aggregate deal value at $49.4bn after a more than three-fold year-on-year jump, supported by seven $1bn-plus transactions including one near $20bn.
• Goldman Sachs ranked second by value with $46.6bn, followed by JP Morgan at $37.4bn, Barclays at $34.5bn, and Rothschild & Co at $27.4bn.
• Rothschild & Co retained the top position by deal volume with 81 transactions despite a year-on-year decline and also placed fifth by value.
• By volume, PwC placed second with 74 deals, Clearwater also recorded 74 but ranked third on a value tiebreak, with Houlihan Lokey at 71 and Ernst & Young at 69.
• GlobalData compiles the rankings through real-time tracking of company and adviser disclosures with analyst verification and adviser submissions for additional robustness.