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RBC Capital Markets listed as a top financial adviser in the power sector

RBC Capital Markets has topped the latest mergers and acquisitions (M&A) league table of the top 10 financial advisers for the power sector based on deal value in the first quarter (Q1) 2019, according to GlobalData, a data and analytics company.

The investment bank advised on six deals worth $3.3 billion, including the big-ticket deal of Enmax’s acquisition of Emera Maine from Emera for $1.3 billion.

According to GlobalData, which tracks all M&A, private equity/venture capital and asset transaction activity around the world to compile the league table, Rothschild & Co stood at second position in the table with six deals worth $2.2 billion while Citi finished at third with three deals, but worth the same amount.

Global power deals market in Q1 2019

The total deal value in the power sector plunged by 50.2% from $156 billion in Q1 2018 to $77.7 billion in Q1 2019. The sector saw 636 deals in Q1 2019, an increase of 8.5% from 586 deals in Q1 2018.

RBC Capital Markets, which topped the power league table of M&A financial advisers, finished at 16th position in the recently released global league table of top 20 M&A financial advisers by GlobalData.

JP Morgan topped the global rankings chart, followed by Goldman Sachs.