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Baker Tilly International ranks among the world’s leading M&A advisers

27 January, 2026

Baker Tilly International has once again been named a leading adviser for mergers and acquisitions (M&A) in the latest LSEG (formerly Refinitiv) benchmarking league tables.

For the second consecutive year, the Baker Tilly network ranked in the top 10 globally by deal count for mid-market M&A transactions, completing 278 deals in 2025. The network also secured 6th place globally (up from 7th in 2024) for small-cap M&A, advising on 272 transactions.

Regionally, the network ranked among the top 10 for both mid-market and small-cap M&A transactions within Benelux, Eastern Europe, Europe, Hochinma (Hong Kong , China , India and Malaysia) and Latin America.  

Commenting on the league tables, Harsh Maheshwari, global advisory services leader at Baker Tilly International, said: “This recognition reflects the strength, consistency and collaboration of our advisory network.

“Ranking among the world’s top M&A advisers for both mid-market and small-cap transactions demonstrates our ability to deliver high-quality outcomes for clients, wherever they operate. In today’s selective M&A market, buyers are paying a premium for high‑quality mid‑market assets that offer technology, recurring revenues and a clear path to scale. Our focus remains on helping clients by combining deep sector and regulatory expertise with a disciplined, highly targeted approach to dealmaking.”

Worldwide mid-market M&A ranking 2025

RankFinancial advisorDeal count
1PwC707
2Houlihan Lokey410
3KPMG393
4Rothschild & Co363
5K3 Capital Group Ltd337
6Deloitte311
7EY293
8Baker Tilly International278
9BDO229
10Goldman Sachs224

Source: LSEG Deals Intelligence

Worldwide small-cap M&A ranking 2025

RankFinancial advisorDeal count
1PwC624
2Houlihan Lokey363
3KPMG354
4K3 Capital Group Ltd337
5Deloitte276
6Baker Tilly International272
7Rothschild & Co272
8EY255
9BDO217
10M&A Capital Partners213

Source: LSEG Deals Intelligence

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