Вы находитесь на странице: 1из 39

GLOBAL FINANCIAL ADVISORY MERGERS & ACQUISITIONS RANKINGS Q1 2012

04/02/2012

Bloomberg

Table of Contents 1. Introduction 2. Global Market Commentary 8. Global M&A Activity 9. M&A
Table of Contents
1.
Introduction
2.
Global Market Commentary
8.
Global M&A Activity
9.
M&A League Tables By Industry
10.
Global Announced Deals
11.
Cross Border Announced Deals
12.
Global Private Equity Announced Deals
38.
Disclaimer

Bloomberg 2012 1st Qtr

Mergers & Acquisitions Financial Advisory Rankings

The Bloomberg M&A Advisory League Tables are the definitive publication of M&A advisory rankings. The tables

represent the top financial and legal advisors across a broad array of deal types, regions, and industry sectors.The

rankings data is comprised of mergers, acquisitions, divestitures, spin-offs, debt-for-equity-swaps, joint ventures,

private placements of common equity and convertible securities, and the cash injection component of

recapitalizations according to Bloomberg standards.

Bloomberg M&A delivers real-time coverage of the M&A market from nine countries around the world. We provide a

global perspective and local insight into unique deal structures in various markets through a network of over 800

financial and legal advisory firms, ensuring an accurate reflection of key market trends. Our quarterly league table

rankings are a leading benchmark for legal and financial advisory performance, and DealSpace & DealBrief

newsletters provide summary highlights of weekly M&A activity and top deal trends.

Visit {NI LEAG CRL <GO>} to download copies of the final release and a full range of market specific league table

results. Type MA <GO> 96 <GO> 82 <GO> to view live rankings.

For data submissions or queries, please contact:

 

Contact

Phone

Fax

Email

EmailEmail

North America

Mariana Trindade

+1-212-617-3692

+1-917-369-3965

mtrindade1@bloomberg.net

EMEA

Liga Eglite

+44-20-7073-3891

+44-20-7392-6672

leglite@bloomberg.net

Asia Pacific

Hyejin Cho

+82-2-3702-1627

+82-2-3704-1827

hcho18@bloomberg.net

LATAM

Fernando Simon

+55-11-3048-4619

+55-11-3048-4669

fsimon5@bloomberg.net

General M&A queries may be submitted to: m-a@bloomberg.net

For 24 hour global customer support call

+1 212 318 2000

+44 20 7330 7500

+65 6212 1000

+81 3 3201 8900

or press the HELP key twice on the BLOOMBERG PROFESSIONAL(R) service.

MA <GO>

LEAG <GO>

MA <GO>

LMX <GO>

MA <GO>

LEAG <GO>

Bloomberg

B l o o m b e r g Global Review

Global Review

Regional Deal Activity

Global M&A activity in Q1 2012 fell to $441 billion, the lowest quarterly level since Q3 2009 and a decrease of 26% in value from the same period last year, while global deal count fell by more than 2%.

Swiss firms were the most acquisitive they have been in at least a decade, powered by Glencore’s $45

billion all-stock offer for Xstrata, Glencore’s $7.5 billion cash offer for Viterra, and Roche Holding’s $5.4

billion cash bid for Illumina.

Acquisitions in India reached a 5-year high with $19 billion worth of transactions announced, representing

a year-over-year increase of 28%, led by Sesa Goa’s all-stock offer for Sterlite Industries India for $6.8 billion,

which is the 4 th largest transaction of all time in that country.

Industry Sector Deal Activity

The most actively targeted industries in terms of deal value were Diversified Minerals, Oil Exploration &

Production, and Transport Services, with a total combined volume of over $95 billion, representing over 21%

of all global volume by dollar.

Private equity acquisitions in Q1 2012 fell by more than 40% in terms of aggregate value compared to the same period last year, while average premiums jumped from 16.5% to 28% year-over-year.

The Basic Materials and Technology sectors both experienced transaction value growth in excess of 60%,

while the Industrials sector remained essentially unchanged, and every remaining sector experienced a drop

in aggregate value of 18% or more.

Total Volume by Industry (Q1 2012) Diversified 1% Basic Materials 20% Utilities 5% Energy Technology
Total Volume by Industry (Q1 2012)
Diversified
1%
Basic Materials
20%
Utilities
5%
Energy
Technology
15%
5%
Communications
7%
Financial
Consumer, Cyclical
13%
9%
Consumer, Non-
cyclical
Industrial
12%
13%

Heat Map: Q1 2012 Volume by Region

Industrial 12% 13% Heat Map: Q1 2012 Volume by Region * All Q1 2012 numbers as

* All Q1 2012 numbers as of March 31, 2012.

MA <GO>

LEAG <GO>

NI DEALSPACE <GO>

North America Western Europe Asia Pacific South/Central America Eastern Europe Middle East/Africa
Western Europe North America Asia Pacific South/Central America Eastern Europe Middle East/Africa
Asia Pacific North America Western Europe South/Central America Eastern Europe Middle East/Africa
South/Central America North America Western Europe Asia Pacific Eastern Europe Middle East/Africa
Eastern Europe North America Western Europe Asia Pacific South/Central America Middle East/Africa
Middle East/AfricaNorth America Western Europe Asia Pacific South/Central America Eastern Europe

North America Western Europe Asia Pacific South/Central America Eastern Europe Middle East/Africa
North America Western Europe Asia Pacific South/Central America Eastern Europe Middle East/Africa
North America Western Europe Asia Pacific South/Central America Eastern Europe Middle East/Africa
North America Western Europe Asia Pacific South/Central America Eastern Europe Middle East/Africa
North America Western Europe Asia Pacific South/Central America Eastern Europe Middle East/Africa

39%

30%

23%

4%

2%

2%

MARB <GO>

Bloomberg

B l o o m b e r g Global Review Notable Highlights  This quarter's

Global Review

Notable Highlights

This quarter's aggregate announced deal volume of $441 Bln represents a 26% decline from last year's comparable period. The current slowdown in deal- making activity, already signaled in the second half of 2010, makes this the weakest first quarter since 2003. The Americas saw the sharpest decline in transaction volume, a 36% drop compared to the same period last year, followed by APAC with a 22% decrease.

Global M&A Quarterly Volume

10000 1600000 Volume Deal Count 9000 1400000 8000 1200000 7000 1000000 6000 Total Volume (USD
10000
1600000
Volume
Deal Count
9000
1400000
8000
1200000
7000
1000000
6000
Total Volume (USD Mln)
Total Volume (USD Mln)
5000
800000
4000
600000
3000
400000
2000
200000
1000
0
0
2007
2008
2009
2010
2011
2012
Q1
Q1
Q1
Q1
Q1
Q1
EMEA M&A Quarterly Volume
4000
900000
Volume
Deal Count
800000
3500
700000
3000
600000
2500
500000
2000
400000
1500
300000
1000
200000
500
100000
0
0
Deal Count
Deal Count

Americas M&A Quarterly Volume

Total Volume (USD Mln) Total Volume (USD Mln) 4500 800000 Volume Deal Count 4000 700000
Total Volume (USD Mln)
Total Volume (USD Mln)
4500
800000
Volume
Deal Count
4000
700000
3500
600000
3000
500000
2500
400000
2000
300000
1500
200000
1000
100000
500
0
0
2007
2008
2009
2010
2011
2012
Q1
Q1
Q1
Q1
Q1
Q1
APAC M&A Quarterly Volume
3500
250000
Volume
Deal Count
3000
200000
2500
150000
2000
1500
100000
1000
50000
500
0
0
Deal Count
Deal Count

2007

2008

2009

2010

2011

2012

2007

2008

2009

2010

2011

2012

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

Q1

*All Total Value figures in USD millions. * All Q1 2012 numbers as of March 31, 2012.

MA <GO>

LEAG <GO>

NI DEALSPACE <GO>

MARB <GO>

Bloomberg

B l o o m b e r g Global Review Notable Highlights  Over 97%

Global Review

Notable Highlights

Over 97% of M&A transactions occurred in the mid-market range (below $500 million in size) and only one deal reached the mega-deal category (over $10 billion in size). Cross border activity accounted for over 51% of M&A volume, over 12% decrease from Q1 2011. Cash continued to be the most dominant form of payment, accounting for 68% of M&A deals announced this past quarter, while 19% percent of all deals were comprised of all-stock payments. Cash & stock deals accounted for about 5.2% of total volume this quarter, representing about 44% decrease year over year.

Q1 2012 Global M&A Aggregate Statistics

Public Target Multiples

# Deals

Min - Max

Median

Deal Type Sum m ary

# Deals

Volum e

Percent

Total Assets

434

.00 - 493.55

0.85

Company Takeover

2635

277.36B

62.82

Stockholder Eqty

411

.00 - 384.91

1.71

Cross Border

2454

227.3B

51.48

Book Value

407

.00 - 1485.98

1.8

Additional Stake Purchase

1101

124.62B

28.22

Revenue

393

.00 - 3962.23

1.21

Asset sale

1311

75.93B

17.2

Market Cap

373

.00 - 161.82

1.25

Minority purchase

1608

54.33B

12.31

Enterprise Value

359

.00 - 154.86

1.22

Private Equity

1347

52.65B

11.92

Net Income + Deprec

311

.02 - 4347.83

12.33

Majority purchase

509

41.67B

9.44

EBIT

266

.04 - 775.28

12.88

Tender Offer

101

36.92B

8.36

Cashflow from Ops.

242

.04 - 2504.62

11.29

Leveraged Buyout

163

21.92B

4.96

Net Income

281

.02 - 4347.83

17.68

Venture Capital

929

8.23B

1.86

EBITDA

234

.07 - 1284.04

8.59

Private Placement

143

7.73B

1.75

Income B/F XO

247

.02 - 1242.92

18.23

Secondary Transaction

41

5.67B

1.28

Free Cashflow

183

.05 - 4966.86

21.59

Management Buyout

39

2.99B

0.68

Paym ent Type Sum m ary

# Deals

Volum e

Percent

Prem ium s Paid

# Deals

Volum e

Percent

Cash

3844

296.81B

68.35

0-10%

3856

143.38B

57.28

Undisclosed

1877

21.57B

4.97

10.01-25%

41

34.83B

13.91

Stock

228

82.48B

19.00

25.01-50%

72

43.95B

17.6

Cash & Stock

123

22.6B

5.20

50.01-75%

27

20.7B

8.27

Cash or Stock

13

4.73B

1.09

>100%

18

6.75B

2.70

Cash, Stock & Debt

9

571.08M

0.13

Stock & Debt

4

175.38M

0.04

Current Status

# Deals

Volum e

Percent

 

Completed

3929

80.70B

18.19

Deal Size Breakdow n

# Deals

Volum e

Percent

Pending

2550

360.85B

81.35

0-500M

6325

141.26B

97.62

Terminated

12

2.05B

0.46

500.01-1000M

71

50.66B

1.10

1000.01-5000M

73

142.24B

1.13

Current Prem ium

# Deals

Volum e

Percent

5000.01-10,000M

9

62.07B

0.14

0-10%

6448

434.5B

98.40

> 10,000M

1

45.31B

0.02

10.01-25%

22

6.78B

1.54

MA <GO>

LEAG <GO>

NI DEALSPACE <GO>

MARB <GO>

Bloomberg

B l o o m b e r g Global Review Americas Notable Highlights Summary Announce

Global Review

Americas Notable Highlights

Summary Announce Date Target Name Acquirer Name Total Value (mil.) Number of Deals Volume Average
Summary
Announce Date
Target Name
Acquirer Name
Total Value (mil.)
Number of Deals
Volume
Average Deal Size
Average Premium
3600
3/20/2012
Viterra Inc
Glencore International PLC
$7,498.9
2/24/2012
EP Energy LLC
Access, Apollo, Riverstone
$7,150.0
237.10B
2/17/2012
TNT Express NV
United Parcel Service Inc
$6,853.3
143.35M
2/7/2012
Redecard SA
Itau Unibanco Holding SA
$6,844.2
39.09%
1/25/2012
Illumina Inc
Roche Holding AG
$6,051.9
Most Acquisitive Company
3/30/2012
Cimpor Cimentos de Portugal
Camargo Correa SA
$5,431.1
Acquirer
Number of Deals
Volume
Average Deal Size
ACCEL PARTNERS
3/15/2012
NDS Group Ltd
Cisco Systems Inc
$5,000.0
22
3/28/2012
Tyco Flow Control Intl Ltd
Pentair Inc
$4,900.0
384.62M
1/27/2012
Solutia Inc
Eastman Chemical Co
$4,501.4
17.48M
1/30/2012
ExxonMobil YK
TonenGeneral Sekiyu KK
$3,957.0
INDUSTRY
COUNTRY
TOP ACQUIRERS
TOP ACQUIRERS
Private Equity
US
$24.18
$135.56
Investment Companies
$13.99
Canada
$27.22
Oil Comp - E&P
$13.21
Switzerland
$17.64
Medical-Drugs
$10.36
Brazil
$17.35
Metal-Diversified
$10.24
Japan
$12.97
TOP TARGETS
TOP TARGETS
Oil Comp - E&P
$22.20
US
$134.48
Transport-Services
$14.35
Canada
$37.25
Medical-Biomedical
$10.62
Brazil
$12.94
Bldg-Residential/Commer
$8.86
UK
$8.56
REITS-Diversified
$7.40
Netherlands
$7.57
$-
$5
$10
$15
$20
$25
$30
$-
$50
$100
$150
Total Volume (USD Bln)
Total Volume (USD Bln)

.

* All Q1 2012 numbers as of March 31, 2012.

MA <GO>

LEAG <GO>

NI DEALSPACE <GO>

MARB <GO>

Bloomberg

B l o o m b e r g Global Review EMEA Notable Highlights Summary Number

Global Review

EMEA Notable Highlights

Summary

Number of Deals Volume Average Deal Size Average Premium

Number of Deals Volume Average Deal Size Average Premium
Number of Deals Volume Average Deal Size Average Premium
Number of Deals Volume Average Deal Size Average Premium
Number of Deals Volume Average Deal Size Average Premium 2149 193.65B 205.14M 28.86% Most Acquisitive Company

2149

193.65B

205.14M

28.86%

Most Acquisitive Company

Most Acquisitive Company

Acquirer Number of Deals Volume Average Deal Size

Acquirer Number of Deals Volume Average Deal Size
Acquirer Number of Deals Volume Average Deal Size
Acquirer Number of Deals Volume Average Deal Size

WPP PLC

11

Undisclosed

Undisclosed

Announce Date

Target Name

Acquirer Name

Total Value (mil.)

2/7/2012

Xstrata PLC

Glencore International PLC

$45,313.7

3/29/2012

International Power PLC

GDF Suez

$9,489.6

3/20/2012

Viterra Inc

Glencore International PLC

$7,498.9

2/17/2012

TNT Express NV

United Parcel Service Inc

$6,853.3

1/25/2012

Illumina Inc

Roche Holding AG

$6,051.9

3/30/2012

Cimpor Cimentos de Portugal SGPS Camargo Correa SA

$5,431.1

3/15/2012

NDS Group Ltd

Cisco Systems Inc

$5,000.0

1/30/2012

Thomas & Betts Corp

ABB Ltd

$3,867.0

1/31/2012

Inoxum stainless steel unit

Outokumpu OYJ

$3,529.2

2/29/2012

Ahlsell AB

CVC Capital Partners Group SA

$2,404.3

INDUSTRY COUNTRY TOP ACQUIRERS TOP ACQUIRERS Metal-Diversified $53.48 Switzerland $62.27 Private Equity $12.75
INDUSTRY
COUNTRY
TOP ACQUIRERS
TOP ACQUIRERS
Metal-Diversified
$53.48
Switzerland
$62.27
Private Equity
$12.75
U.S.
$31.17
Diversified Operations
$10.57
France
$19.21
Electric-Integrated
$9.97
U.K.
$16.60
Investment Companies
$8.03
Germany
$11.01
TOP TARGETS
TOP TARGETS
Diversified Minerals
$45.71
U.K.
$76.08
Transport-Services
$14.56
U.S.
$25.83
Electric-Integrated
$11.65
Netherlands
$11.44
Medical-Biomedical
$6.54
Germany
$10.58
Oil Comp-Explor&Prodtn
$6.54
Canada
$9.40
$-
$10
$20
$30
$40
$50
$60
$-
$20
$40
$60
$80
Total Volume (USD Bln)
Total Volume (USD Bln)

.

* All Q1 2012 numbers as of March 31, 2012.

MA <GO>

LEAG <GO>

NI DEALSPACE <GO>

MARB <GO>

Bloomberg

B l o o m b e r g Global Review APAC Notable Highlights Summary Number

Global Review

APAC Notable Highlights

Summary

Summary

Number of Deals Volume Average Deal Size Average Premium

Number of Deals Volume Average Deal Size Average Premium
Number of Deals Volume Average Deal Size Average Premium
Number of Deals Volume Average Deal Size Average Premium

2187

130.06B

89.02M

26.50%

Most Acquisitive Company

Most Acquisitive Company

Acquirer Number of Deals Volume Average Deal Size

Acquirer Number of Deals Volume Average Deal Size
Acquirer Number of Deals Volume Average Deal Size
Acquirer Number of Deals Volume Average Deal Size

ADVANCE RESID. INVEST.

17

337.61M

19.86M

Announce Date

Target Name

Acquirer Name

Total Value (mil.)

2/25/2012

Sterlite Industries India Ltd

Sesa Goa Ltd

$6,853.6

2/25/2012

Cairn India Ltd

Sesa Goa Ltd

$5,900.0

2/29/2012

Stainless Steel Department Assets Baosteel Group Corp Ltd

$4,071.6

1/30/2012

ExxonMobil YK

TonenGeneral Sekiyu KK

$3,957.0

3/7/2012

Tanjong Energy Holdings Sdn Bhd

1Malaysia Development Bhd

$2,808.1

2/29/2012

Steel Assets

Baosteel Group Corp Ltd

$2,696.1

2/21/2012

Alibaba.com Ltd

Alibaba Group Holding Ltd

$2,353.9

2/15/2012

Shanxi Fenxi, Shanxi Meijin Group

Shanxi Meijin Energy Co Ltd

$2,334.7

3/12/2012

Zoll Medical Corp

Asahi Kasei Corp

$2,062.9

2/14/2012

US Regional Mall Portfolio

Canada Pension Plan Invest.

$1,800.0

INDUSTRY

TOP ACQUIRERS Diversified Minerals $13.46 Steel-Producers $9.19 Investment Companies $8.27 Import/Export $6.97
TOP ACQUIRERS
Diversified Minerals
$13.46
Steel-Producers
$9.19
Investment Companies
$8.27
Import/Export
$6.97
Diversified Operations
$6.81
TOP TARGETS
Oil Comp-Explor&Prodtn
$11.95
Coal
$8.35
Steel-Speciality
$7.07
Metal-Copper
$6.96
Real Estate Oper/Development
$4.96
$- $2
$4
$6
$8
$10 $12 $14 $16

COUNTRY

TOP ACQUIRERS China $35.44 Japan $26.96 India $17.12 South Korea $8.23 Malaysia $6.39 TOP TARGETS
TOP ACQUIRERS
China
$35.44
Japan
$26.96
India
$17.12
South Korea
$8.23
Malaysia
$6.39
TOP TARGETS
China
$31.96
India
$18.82
Japan
$15.91
U.S.
$10.55
Australia
$10.08
$-
$10
$20
$30
$40

.

* All Q1 2012 numbers as of March 31, 2012.

MA <GO>

Total Volume (USD Bln)

LEAG <GO>

NI DEALSPACE <GO>

Total Volume (USD Bln)

MARB <GO>

Bloomberg

Global M&A Activity

Regional Breakdown by Target Region/Country

1/1/12

-

3/31/12

2012

2011

 

REGION

 

VOLUME

DEAL

VOLUME

DEAL

VOLUME

 

USD (Mln)

COUNT

USD (Mln)

COUNT

CHANGE

Americas

$191,454

3,032

$297,094

2,787

-35.56%

Latin America

$18,753

243

$25,667

205

-26.94%

North America

$173,587

2,812

$273,852

2,604

-36.61%

Canada

$37,255

370

$21,134

357

76.28%

United States

$135,314

2,403

$250,087

2,212

-45.89%

EMEA

$147,919

1,628

$171,884

1,714

-13.94%

Eastern Europe

$10,667

169

$29,515

202

-63.86%

Western Europe

$130,232

1,300

$128,089

1,353

1.67%

UK

$76,083

479

$38,182

422

99.26%

Germany

 

$11,214

204

$15,709

191

-28.61%

France

$6,306

121

$15,665

231

-59.74%

Asia-Pacific ex-Japan

$84,580

1,356

$104,346

1,679

-18.94%

Australia

 

$10,079

175

$13,473

188

-25.19%

New Zealand

$127

17

$908

15

-86.03%

China

$31,963

482

$26,424

675

20.96%

Hong Kong

 

$4,071

83

$7,540

129

-46.01%

South East Asia

$13,105

226

$20,750

268

-36.84%

India

$18,823

174

$14,803

160

27.16%

Japan

$15,906

471

$21,065

417

-24.49%

Global

$441,279

6,521

$594,442

6,627

-25.77%

*Includes Mergers, Acquisitions, Divestitures, Self-tenders and Spinoffs. Excludes Open Market Transactions.

MA <GO>

LEAG <GO>

MA <GO>

LMX <GO>

Regional Breakdown by Target Region/Country

Americas

43.53%

Asia-Pacific

ex-Japan

19.23%

Region/Country Americas 43.53% Asia-Pacific ex-Japan 19.23% Japan 3.62% QUARTERLY VOLUME EMEA 33.63% USD (Mln) / #Deals

Japan

3.62%

QUARTERLY VOLUME

EMEA

33.63%

USD (Mln) / #Deals $1,000,000 10,000 $800,000 8,000 $600,000 6,000 $400,000 4,000 $200,000 2,000 $0
USD (Mln)
/ #Deals
$1,000,000
10,000
$800,000
8,000
$600,000
6,000
$400,000
4,000
$200,000
2,000
$0
0
MA <GO>
LEAG <GO>
2008
Q2
2008
Q3
2008
Q4
2009
Q1
2009
Q2
2009
Q3
2009
Q4
2010
Q1
2010
Q2
2010
Q3
2010
Q4
2011
Q1
2011
Q2
2011
Q3
2011
Q4 Q1
2012

Bloomberg

M&A League Tables by Industry

Global Announced Deals - Basic Materials

01/01/12

-

03/31/12

 

2012

 
 

RANK

MKT

VOLUME

DEAL

 

FIRM

SHARE

USD (Mln)

COUNT

Citigroup Inc

1

67.8

60,723

7

JP Morgan

2

64.7

57,940

6

Morgan Stanley

3

62.4

55,912

8

Deutsche Bank AG

4

60.7

54,378

4

Barclays Capital Group

5

55.6

49,815

2

Credit Suisse Group AG

6

52.8

47,351

2

Goldman Sachs & Co

7

52.0

46,636

4

Nomura Holdings Inc

8

51.7

46,347

2

BNP Paribas SA

9

50.9

45,611

2

Bank of America Merrill Lynch

10

11.2

10,010

5

 

TOTAL

 

$89,613

449

Global Announced Deals - Financial

 

01/01/12

-

03/31/12

 

2012

 
 

RANK

MKT

VOLUME

DEAL

 

FIRM

SHARE

USD (Mln)

COUNT

Citigroup Inc

1

16.1

9,360

4

Rothschild

2

14.5

8,422

10

Banco Itau BBA SA

3

12.3

7,163

2

Goldman Sachs & Co

4

12.0

6,959

16

BR Partners

5

11.8

6,844

3

Bank of America Merrill Lynch

6

10.9

6,318

6

Deutsche Bank AG

7

10.8

6,288

9

JP Morgan

8

10.1

5,864

10

Morgan Stanley

9

7.8

4,542

12

UBS AG

10

6.4

3,714

5

 

TOTAL

 

$58,057

733

MA <GO>

LEAG <GO>

MA <GO>

Global Announced Deals - Energy

01/01/12

-

03/31/12

 

2012

 
 

RANK

MKT

VOLUME

DEAL

 

FIRM

SHARE

USD (Mln)

COUNT

JP Morgan

1

30.5

20,343

6

Citigroup Inc

2

24.5

16,319

7

Barclays Capital Group

3

19.5

13,038

7

RBC Capital Markets

4

16.5

11,033

11

Tudor Pickering Holt & Co

 

5

15.0

10,000

3

Credit Suisse Group AG

6

14.7

9,806

6

Deutsche Bank AG

7

14.1

9,383

3

Bank of America Merrill Lynch

8

13.7

9,137

8

Morgan Stanley

9

13.6

9,070

6

Evercore Partners Inc

10

12.2

8,167

6

 

TOTAL

 

$66,726

411

Global Announced Deals - Industrial

 

01/01/12

-

03/31/12

 

2012

 
 

RANK

MKT

VOLUME

DEAL

 

FIRM

SHARE

USD (Mln)

COUNT

Bank of America Merrill Lynch

1

32.8

18,806

8

Goldman Sachs & Co

2

25.2

14,450

10

Deutsche Bank AG

3

21.8

12,481

11

Lazard Ltd

4

21.1

12,106

7

Morgan Stanley

5

17.5

10,030

8

RBC Capital Markets

6

13.7

7,840

3

UBS AG

7

13.3

7,614

7

Canaccord Genuity Corp

8

13.1

7,499

1

TD Securities Inc

8

13.1

7,499

1

Credit Suisse Group AG

10

13.0

7,460

8

 

TOTAL

 

$57,314

908

LMX <GO>

MA <GO>

LEAG <GO>

Bloomberg

M&A Financial Advisory League Tables

Global Announced Deals

Ranked by Volume

1/1/12

-

3/31/12

 

2012

 

2011

MKT

 

RANK

MKT

VOLUME

DEAL

RANK

MKT

SHARE

 

FIRM

SHARE

USD (Mln)

COUNT

SHARE

CHANGE

Morgan Stanley

1

24.3

107,420

74

3

19.5

4.8

JP Morgan

2

24.1

106,193

52

1

24.5

(0.4)

Citigroup Inc

3

23.9

105,649

40

7

12.6

11.3

Goldman Sachs & Co

4

22.5

99,398

61

2

21.8

0.7

Deutsche Bank AG

5

20.8

91,881

39

10

10.3

10.5

Barclays Capital Group

6

20.7

91,337

38

6

13.7

7.0

Credit Suisse Group AG

7

17.0

75,213

33

8

11.2

5.8

Bank of America Merrill Lynch

8

14.5

64,112

43

5

13.9

0.6

Nomura Holdings Inc

9

12.9

57,122

33

14

3.3

9.6

BNP Paribas SA

10

11.0

48,316

7

27

1.3

9.7

RBC Capital Markets

11

6.9

30,334

36

21

2.1

4.8

Rothschild

12

5.4

23,790

42

11

5.1

0.3

Lazard Ltd

13

5.3

23,551

37

4

14.9

(9.6)

UBS AG

14

5.0

21,913

34

9

10.6

(5.6)

KPMG Corporate Finance LLC

15

4.1

18,242

17

53

0.6

3.5

Evercore Partners Inc

16

3.5

15,376

20

17

2.9

0.6

TD Securities Inc

17

3.4

14,854

11

68

0.3

3.1

Grant Thornton International Ltd

18

3.0

13,161

8

322

0.0

3.0

Greenhill & Co Inc

19

2.8

12,431

6

92

0.2

2.6

BMO Capital Markets Corp

 

20

2.7

11,703

16

26

1.4

1.3

 

TOTAL

 

$441,279

6,521

$594,442

 

*Includes Mergers, Acquisitions, Divestitures, Self-tenders and Spinoffs. Excludes Open Market Transactions.

*Total Volume represents all announced transactions in US$ millions.

QUARTERLY VOLUME

USD (Mln) / #Deals $1,000,000 10,000 $800,000 8,000 $600,000 6,000 $400,000 4,000 $200,000 2,000 $0
USD (Mln)
/ #Deals
$1,000,000
10,000
$800,000
8,000
$600,000
6,000
$400,000
4,000
$200,000
2,000
$0
0
2008
Q2
2008
Q3
2008
Q4
2009
Q1
2009
Q2
2009
Q3
2009
Q4
2010
Q1
2010
Q2
2010
Q3
2010
Q4
2011
Q1
2011
Q2
2011
Q3
2011
Q4 Q1
2012

MA <GO>

LEAG <GO>

MA <GO>

LMX <GO>

MA <GO>

LEAG <GO>

Bloomberg

M&A Financial Advisory League Tables

Cross Border Announced Deals

Ranked by Volume

1/1/12

-

3/31/12

 

2012

 

2011

MKT

 

RANK

MKT

VOLUME

DEAL

RANK

MKT

SHARE

 

FIRM

SHARE

USD (Mln)

COUNT

SHARE

CHANGE

Morgan Stanley

1

34.9

79,060

35

5

14.6

20.3

Goldman Sachs & Co

2

33.3

75,627

34

1

29.1

4.2

JP Morgan

3

32.3

73,286

27

2

21.8

10.5

Barclays Capital Group

4

29.1

65,906

19

7

11.4

17.7

Citigroup Inc

5

28.3

64,215

19

8

10.9

17.4

Deutsche Bank AG

6

26.6

60,305

21

3

18.7

7.9

Credit Suisse Group AG

7

25.5

57,874

17

4

15.1

10.4

Nomura Holdings Inc

8

22.8

51,679

10

22

2.9

19.9

BNP Paribas SA

9

21.3

48,316

7

26

2.2

19.1

Bank of America Merrill Lynch

10

14.8

33,615

20

6

13.8

1.0

Lazard Ltd

11

7.0

15,823

24

10

7.4

(0.4)

UBS AG

12

6.7

15,212

24

9

9.7

(3.0)

RBC Capital Markets

13

5.8

13,067

11

32

1.8

4.0

Rothschild

14

5.7

12,993

28

11

7.0

(1.3)

TD Securities Inc

15

3.9

8,822

5

43

0.7

3.2

Canaccord Genuity Corp

16

3.5

7,956

3

46

0.5

3.0

HSBC Bank PLC

17

3.2

7,251

19

20

3.2

-

Greenhill & Co Inc

18

3.1

6,925

3

53

0.4

2.7

Centerview Partners LLP

19

2.4

5,449

2

83

0.2

2.2

Macquarie Group Ltd

20

2.2

4,928

12

55

0.4

1.8

 

TOTAL

 

$226,858

2,464

$260,009

 

*Includes Mergers, Acquisitions, Divestitures, Self-tenders and Spinoffs. Excludes Open Market Transactions.

*Total Volume represents all announced transactions in US$ millions.

QUARTERLY VOLUME

USD (Mln) / #Deals $400,000 3,500 $350,000 3,000 $300,000 2,500 $250,000 2,000 $200,000 1,500 $150,000
USD (Mln)
/ #Deals
$400,000
3,500
$350,000
3,000
$300,000
2,500
$250,000
2,000
$200,000
1,500
$150,000
1,000
$100,000
500
$50,000
$0
0
2008
Q2
2008
Q3
2008
Q4
2009
Q1
2009
Q2
2009
Q3
2009
Q4
2010
Q1
2010
Q2
2010
Q3
2010
Q4
2011
Q1
2011
Q2
2011
Q3
2011
Q4 Q1
2012

MA <GO>

LEAG <GO>

MA <GO>

LMX <GO>

MA <GO>

LEAG <GO>

Bloomberg

M&A Financial Advisory League Tables

Global Private Equity Announced Deals

Ranked by Volume

1/1/12

-

3/31/12

 

2012

 

2011

MKT

 

RANK

MKT

VOLUME

DEAL

RANK

MKT

SHARE

 

FIRM

SHARE

USD (Mln)

COUNT

SHARE

CHANGE

JP Morgan

1

34.3

18,056

13

1

26.0

8.3

Barclays Capital Group

2

30.8

16,227

11

5

20.7

10.1

Deutsche Bank AG

3

26.2

13,773

7

3

21.9

4.3

Goldman Sachs & Co

4

23.9

12,558

12

2

22.5

1.4

Evercore Partners Inc

5

21.2

11,150

5

24

2.9

18.3

Credit Suisse Group AG

6

19.0

9,984

7

7

17.7

1.3

RBC Capital Markets

7

18.2

9,599

7

17

5.2

13.0

Citigroup Inc

8

16.5

8,665

8

15

7.9

8.6

Tudor Pickering Holt & Co

 

9

13.6

7,150

1

-

-

13.6

Bank of America Merrill Lynch

10

11.3

5,971

6

6

18.3

(7.0)

Centerview Partners LLP

11

9.5

5,000

2

-

-

9.5

Morgan Stanley

12

9.5

4,986

9

10

10.5

(1.0)

KPMG Corporate Finance LLC

13

6.5

3,423

2

39

1.0

5.5

Wells Fargo & Co

14

2.7

1,428

3

9

10.7

(8.0)

Ernst & Young

15

2.2

1,161

7

59

0.3

1.9

Rothschild

16

2.2

1,149

5

14

8.6

(6.4)

BMO Capital Markets Corp

 

17

2.2

1,135

4

77

0.1

2.1

Blackstone Group LP

17

2.2

1,135

1

36

1.1

1.1

Guosen Securities Co Ltd

 

19

2.1

1,114

1

-

-

2.1

Sumitomo Mitsui Financial Group Inc

20

1.9

1,019

1

110

0.0

1.9

 

TOTAL

 

$52,657

1,349

$90,620

 

*Includes Mergers, Acquisitions, Divestitures, Self-tenders and Spinoffs. Excludes Open Market Transactions.

*Total Volume represents all announced transactions in US$ millions.

QUARTERLY VOLUME

USD (Mln) / #Deals $160,000 1,600 $140,000 1,400 $120,000 1,200 $100,000 1,000 $80,000 800 $60,000
USD (Mln)
/ #Deals
$160,000
1,600
$140,000
1,400
$120,000
1,200
$100,000
1,000
$80,000
800
$60,000
600
$40,000
400
$20,000
200
$0
0
2008
Q2
2008
Q3
2008
Q4
2009
Q1
2009
Q2
2009
Q3
2009
Q4
2010
Q1
2010
Q2
2010
Q3
2010
Q4
2011
Q1
2011
Q2
2011
Q3
2011
Q4 Q1
2012

MA <GO>

LEAG <GO>

MA <GO>

LMX <GO>

MA <GO>

LEAG <GO>

Bloomberg

M&A Financial Advisory League Tables

United States Announced Deals

Any Involvement

1/1/12

-

3/31/12

 

2012

 

2011

MKT

 

RANK

MKT

VOLUME

DEAL

RANK

MKT

SHARE