Morgan Stanley tops power M&A financial advisory in 2025

Morgan Stanley led the mergers and acquisitions (M&A) rankings for financial advisers in the power sector during 2025, both in terms of deal value and number of transactions, based on data from GlobalData’s latest league table.

According to the intelligence company’s Financial Deals Database, Morgan Stanley advised on 24 transactions with a combined value of $63.4bn during the year, topping the value chart.

JPMorgan came in second with $62.9bn, while Moelis & Company ranked third by deal value, advising on transactions amounting to $45.5bn.

Goldman Sachs followed with $43bn, and Lazard completed deals valued at $39.5bn.

Regarding the number of transactions, Rothschild ranked second with 20 deals, Barclays took the third spot with 18, while both JPMorgan and Lazard each advised on 16 deals.

GlobalData lead analyst Aurojyoti Bose said: “Morgan Stanley emerged as the leading financial adviser in the power sector M&A market in 2025, topping both the value and volume rankings. The bank advised on 24 deals worth $63.4bn, narrowly outperforming JPMorgan, which ranked second by value with $63bn across 16 transactions.

“While Morgan Stanley advised on 11 billion-dollar deals, JPMorgan advised on ten. In the volume rankings, Rothschild & Co secured the second position with 20 deals, highlighting intense competition among the top advisers in the sector.”

GlobalData’s league tables are based on the real-time tracking of thousands of company websites, advisory firm websites and other reliable sources available in 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 of the data, the company also seeks submissions of deals from leading advisers.

“Morgan Stanley tops power M&A financial advisory in 2025” was originally created and published by Power Technology, a GlobalData owned brand.

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