Morgan Stanley Leads TMT M&A Advisory by Deal Value in First Half of 2026
In the first half of 2026, Morgan Stanley emerged as the leading financial adviser for mergers and acquisitions (M&A) within the technology, media, and telecom (TMT) sector based on deal value. The firm advised on transactions totaling $91.1 billion, according to GlobalData's league tables. Houlihan Lokey led in terms of transaction volume with 34 deals. Goldman Sachs ranked second by deal value at $76.5 billion, followed by Evercore and Qatalyst Partners. Despite a year-on-year decline in both total deal value and volume across the top advisers, Morgan Stanley and Houlihan Lokey retained their leadership positions from H1 2025 to H1 2026. GlobalData's rankings are based on real-time tracking of company websites and submissions by leading advisory firms. The data highlights a broader trend in which most major M&A advisers saw drops in activity, reflecting potential market volatility or strategic shifts within the TMT sector.
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Topics: investment banking M&A advisory TMT