The “Thomson Reuters Mergers & Acquisitions Review – Full Year 2018” contains M&A statistics and also rankings for worldwide providers of fairness opinions. Here are the top five providers (based on the number of transactions) of announced fairness opinions rendered in the United States:

1. Duff & Phelps;
   
2. Stout;
   
3. J.P. Morgan;
   
4. Houlihan Lokey; and
   
5. Goldman Sachs. 

Worldwide, the top five providers of announced fairness opinions are:

1. Duff & Phelps;
2. CITIC;
3. Huatai Securities Co. Ltd.;
4. J.P. Morgan; and
5. Stout.

Extra: Save yourself time by using BVR’s Fairness Opinion Research Service (FORS). It gives you full access to hundreds of actual fairness opinions from around the world, searchable by any data point or field.