1q09 financial advisory[1]
Post on 09-Apr-2018
222 Views
Preview:
TRANSCRIPT
8/8/2019 1Q09 Financial Advisory[1]
http://slidepdf.com/reader/full/1q09-financial-advisory1 2/34
-60.5 ▼
-48.9
-47.1-28.7
-66.1
-69.5
-46.7
-31.8
-77.0
-68.5
-80.4
285.9
383.3
-78.8
-60.4
▼
▼
▼
▼
▼▼
▼
▼▲
▼
▼
-28.231.2
-63.1
▼3
Citi
▼
▼
▲
▲
▼
▼
32.7 2.5
27.5 2.1 1 7.1 33
25.6
US Completed M&A (AF2) - Imputed Fees
11.8
FeesDeals US$m
15 398.5 ▼-61.4
1/1/2009 - 3/31/2009
6
9 166.9 5
8
1,327
5
3,278.6
1.8
Greenhill & Co, LLC
Macquarie Group
3.3
UBS
2.0
Deutsche Bank AG 23.1
Barclays Capital
13 188.8
2.8 15 114.6
173.7 496.1 6 60.4
9.6
1/1/2008 - 3/31/2008
Imputed Fees
ShareFinancial Advisor US$m
Goldman Sachs & Co
14
153.9
Rank
1
2
1
% Change inMkt. Imputed FeesNo.
Rank
3124.8Morgan Stanley
Rothschild
3440.33.56
3.3
5.2
-49.6
-73.8
7
8
9
10
▼
▼
4
5
76.9
43.3
7
3.8 52
443.7
347.6
43
Bank of America Merrill Lynch
JP Morgan5
4
-58.0
3.9 37
3
36.1 6
25.9 14 208.5
79.2
5,578100.0
56
3,825.8
8
9
10
104.3
101.8
134.5
UBS
JP Morgan
Deutsche Bank AG
10
2.6 385.0
146.1
126.5 7 9
11
237.5
2.7
http://banker.thomsonib.com
100.0Industry Total 1,298.8 --
Source: Thomson Reuters/Freeman & Co.
1 5.3 45
109.0
34Lazard
100.8
-
Credit Suisse
Industry Total
2
49
36
35
9,686.9
2.7 202.0
152.9
-
5
Source: Thomson Reuters/Freeman & Co.
Citi 73,257.4
4,707.2
Bank of America Merrill Lynch
Deutsche Bank AG
Deutsche Bank AG
Energy and Power
Goldman Sachs & Co
23,983.2
16,368.2
150.6
214.3
Bank of America Merrill Lynch
Citi 197.5
Industrials
Financial Advisor
Goldman Sachs & Co
Morgan Stanley
ShareUS$m
5.6
294.8 7.7
Mkt.
Rank
1
Materials
2
1 41.5
30.5
2
28.8
4,983.8 1
34,426.4 2
49,470.7
404.8
36.3
577.1
Deals
43
50
38.63
Citi
JP Morgan
Credit Suisse
Morgan Stanley 23,303.7
57,760.9
3
22,298.5
32,713.9
18 62.2
18 72,623.2
90,089.0
9
3 61.7
1 54.9
6
120,926.7
115,749.5 1
408
2
Top Worldwide Announced M&A Advisors by Target Industry
Rank ValUS$m
Morgan Stanley
JP Morgan
95.5 6 2
110,979.7 3 91.8
Deutsche Bank AG
Healthcare
95.7
33,474.3
38.2
JP Morgan
Financials
UBS
115,455.0
Imputed FeesNo.
2
6
277.1
US$m
4
1
Worldwide Completed M&A (AF1) - Imputed Fees
21.2
1/1/2008 - 3/31/2008
Imputed Fees
1/1/2009 - 3/31/2009
FeesRank
% Change in
Mergers & Acquisitions
Goldman Sachs & Co
8
6
First Quarter 2009 | Mergers & Acquisitions | Financial Advisors
117,778.3
175,316.5 14
590
7
1,033
16
18
6
16
4
5 1,106
Rank
No.Deals
Mkt.
Share
40.4
1,071
64.0
Worldwide Announced M&A by Target Industry
January 1 - March 31
27%
25%19%
12%
3%
3%
3%2%
2%2%1%1%Healthcare
Financials
Energy and Power
Materials
Industrials
Real Estate
Media and Entertainment
Consumer Staples
High Technology
Telecommunications
Consumer Products and Services
Retail
Government and Agencies
2 of 34
8/8/2019 1Q09 Financial Advisory[1]
http://slidepdf.com/reader/full/1q09-financial-advisory1 5/34
-
▼
▼
-
▼
-
-
▲
-
▼
-
▲
▲
-82.8
-1.5
-
-
-67.8
Chg. In
Rank Val
▲
44.0
-
-
-
84.51
1
4
-
32,830.3
-
-
54.2
7
5
-
.0
-
30,401.9
5 .6 1
91.5
4
-
Mkt.
.1
.3 1
Deals
43
Share
61.9
1
33.6
3
12
-
-
5
-
-
-
1/1/2008 - 3/31/2008
1
4
1
Rank
23,795.5
-
18,856.5
1
-
1,593.0
US$m
1,864.9
Rank Value
US$m
9,834.9
80.0
▲
▲
6
48.9
86,385.9
-
--
- -
-
4
88.0
80.0
.1
3.5
.1
-
1
82.0
Rank
100.0- 1455,345.9
Goldman Sachs & Co
Numis
Citi
1,626.0
-
▼
Rank Value
14,472.8
-
1
-
527.2
Share Deals
Worldwide Announced M&A - ECM Roles (AH)
% Chg. InNo.
Rank ValRank
2*
US$m
Rank Value
1/1/2008 - 3/31/2008
2 5,262.6 4
5*
7
5.4
4 13.8
5*
5.4
5
3
1,348.4
27,837.0
7,837.0
Mkt.
8
2*
18,033.7
First Quarter 2009 | Mergers & Acquisitions | Financial Advisors
404.3UBS
Financial Advisor
Bank of America Merrill Lynch
RBS
Bank of America Merrill Lynch
1
Rank
50,636.6
Financial Advisor
Daniel Stewart
280.0
Industry Total
Daniel Stewart
UBS
HSBC Holdings PLC
Altium Capital Limited
JP Morgan
34,256.9
342.6
18,576.8
6
3
164.0
48,684.9
US$m
9,793.0
4.8
Rank Value
Worldwide Completed M&A - ECM Roles (AI)
▼
10
1
2
JP Morgan
1/1/2009 - 3/31/2009
100.0 12
No.
1
Industry Total
342.6
530.0Deutsche Bank AG
Oriel Securities Limited
Goldman Sachs & Co
Canaccord Capital Corp
530.0
8.3
Worldwide Rankings
2,510.6
-
http://banker.thomsonib.com
-35.9
-45.9
-86.3
49.1
8
7
4.8
2.9
1/1/2009 - 3/31/2009
9
* tie
* tie
5 of 34
8/8/2019 1Q09 Financial Advisory[1]
http://slidepdf.com/reader/full/1q09-financial-advisory1 6/34
Financials / Banks
Financials / Banks2/26/2009 Intended
2/26/2009 Pending
12,436.5
10,891.8 Energy and Power / Power
Essent NV (100%)
Vattenfall AB
RWE AG Germany / Netherlands
Sweden / Netherlands
Petro-Canada (100%)
Endesa SA (25%)
Suncor Energy Inc
Enel SpA Italy / Spain
2/23/2009 Pending
1/12/2009 Pending
2/20/2009 Pending
3/23/2009 Pending
Pending
22,315.8
18,596.5RBS (25%)
United Kingdom / United Kingdom
United Kingdom / United KingdomHM Treasury
3/7/2009 Pending
3/9/2009 Pending
http://banker.thomsonib.com
Rank Date Date Ef fective
1/26/2009 Pending
2/26/2009
3/16/2009
6,297.2
45,913.3United States / United States
4,371.9CEPSA (37.5%)
2/12/2009 Pending
3/31/2009 Pending
3/31/2009
4,535.0
5,150.12/12/2009 Pending
Macquarie Communications (100%)
Hamersley Iron Pty Ltd (15%)
Rio Tinto PLC China / United Kingdom
Canada Pension Plan
7,558.8
Nuon NV (100%)
RBS
RBS
HM Treasury
8,583.0
9,298.3
RBS (30%)
United Kingdom / United Kingdom
United Kingdom / United Kingdom
Pending Canada / Australia
HM Treasury United Kingdom / United KingdomPending
First Quarter 2009 | Mergers & Acquisitions | Financial Advisors
Utd Arab Em / Spain
Chinalco
Chinalco
IPIC
China / Australia
Worldwide Analysis
64,479.7
Target Macro / Mid Industry
Healthcare / Pharmaceuticals
HM Treasury
Acquiror
Pfizer Inc
Merck & Co Inc
HM Treasury
Rank Value (US$m)
14,248.9
18,245.8Canada / Canada
Top Fifteen Worldwide Announced Deals
Acquiror / Target Nation
Lloyds Banking Group PLC (12%)
United States / United States
Target (% Sought/Acquired)
Wyeth (100%) Healthcare / Pharmaceuticals
Schering-Plough Corp (100%)
Energy and Power / Oil & Gas
Energy and Power / Power
Energy and Power / Power
Financials / Banks
Energy and Power / Oil & Gas
Financials / Banks
Media and Entertainment / Broadcasting
Materials / Metals & Mining
Materials / Metals & Mining
Financials / Banks
Top Worldwide Announced M&A Advisors by Transaction Size (AD1)
$0
$50
$100
$150
$200
$250
$300
$350
Morgan Stanley JP Morgan Citi Goldman Sachs & Co Deutsche Bank AG Credit Suisse Bank of America Merrill
Lynch
UBS Barclays Capital Evercore Partners
R a n k V a l u e ( U S $ b )
Pfizer / Wyeth
Merck / Schering-Plough
Other Top 15 Worldwide Announced Deals
All Other Transactions
6 of 34
8/8/2019 1Q09 Financial Advisory[1]
http://slidepdf.com/reader/full/1q09-financial-advisory1 7/34
Credit Suisse
9,423.7
4,459.7
4
47.3
2
17.6 3 3
First Quarter 2009 | Mergers & Acquisitions | Financial Advisors
Americas M&A
141
27.5
45.3
5
4,641.3
2
1,547.9
http://banker.thomsonib.com
Morgan Stanley
24.7
16.5
Lazard
118
2
2
95
2
324
35.8 7
Citi
Materials
Morgan Stanley
4,271.7
Tudor Pickering & Co LLC
110,979.7
3,511.0
Financials
Morgan Stanley
Barclays Capital
Energy and Power
3
5
3
97.72
5 94.5
2,700.0
1,727.0
1
1
764.5
33.4
1,147.9
98.3
1
1
2
1
9,808.8
US Announced Advisors by Target Industry
No.Deals
5
Healthcare
Goldman Sachs & Co
Mkt.
ShareRank
Rank Val(US$m)
Morgan Stanley
JP Morgan
114,669.5
117,418.0
115,391.4
Americas LBOs declined by 88.4% to just US$1.4 billion during the firstquarter of 2009, the lowest quarterly LBO volume since the US$1.1 billion indeal activity recorded during the first quarter of 2002.
US M&A was largely driven by two Healthcare mega mergers: Pfizer'sUS$64.5 billion agreement to acquire Wyeth and Merck's US$45.9 billionagreement to acquire Schering-Plough. The Pfizer/Wyeth transaction wasthe second largest Healthcare deal on record in the US behind Pfizer'sUS$88.8 billion acquisition of Warner-Lambert in 2000.
Americas target M&A activity during the first quarter of 2009 increased by5.9% to US$211.8 billion compared to the equivalent period last year whileUS M&A increased by 10.1% to US$158.3 billion.
Consolidation in the US Healthcare sector picked up as deal volume totaledUS$117.4 billion for a 74.2% share of M&A activity during the quarter, thelargest quarterly market share of any US sector on record.
Americas Deals Intelligence
Healthcare Sector Drives US M&A I LBOs Hit Seven Year Lows I US Government Continues to Invest in Ailing Banks
LBOs as a Percentage of Americas Announced M&A
$0
$100
$200
$300
$400
$500
$600
$700
$800
1 Q 0 2
2 Q 0 2
3 Q 0 2
4 Q 0 2
1 Q 0 3
2 Q 0 3
3 Q 0 3
4 Q 0 3
1 Q 0 4
2 Q 0 4
3 Q 0 4
4 Q 0 4
1 Q 0 5
2 Q 0 5
3 Q 0 5
4 Q 0 5
1 Q 0 6
2 Q 0 6
3 Q 0 6
4 Q 0 6
1 Q 0 7
2 Q 0 7
3 Q 0 7
4 Q 0 7
1 Q 0 8
2 Q 0 8
3 Q 0 8
4 Q 0 8
1 Q 0 9
R a n
k V a
l u e
( U S $ b )
0%
5%
10%
15%
20%
25%
30%
% o
f A m e r i c a s
M & A
LBO
Non-LBO
LBO as % of Americas M&A
US Announced M&A
January 1 - March 31
$45.9
$64.5
10.9%7.5%
12.6%
6.2% 7.1% 4.9%
11.1%7.8%
74.2%
$0
$100
$200
$300
$400
$500
2001 2002 2003 2004 2005 2006 2007 2008 2009
R a n
k V a
l u e
( U S $ b )
0%
20%
40%
60%
80%
100%
H e a
l t h c a r e a s
% o
f U S M &
Merck / Schering-Plough Pfizer / Wyeth Healthcare as % of US M&A
7 of 34
8/8/2019 1Q09 Financial Advisory[1]
http://slidepdf.com/reader/full/1q09-financial-advisory1 12/34
Gilead Sciences Inc United States / United States 1,358.4 Healthcare / Pharmaceuticals
2,810.7 Materials / Chemicals
Morgan Stanley
1,400.0 Media and Entertainment / Casinos & Gaming
United States / United States 2,700.0 Financials / Asset Management
Healthcare / Pharmaceuticals
2,740.0 Healthcare / Healthcare Equipment & Supplies
Agrium Inc Canada / United States 3,759.7 Materials / Chemicals
Healthcare / PharmaceuticalsUnited States / United States 45,913.3
3/3/2009 Pending Magellan Midstream Hldg LP (45.4%)
Americas Analysis
1/26/2009
3/9/2009
Top Ten US Announced Deals
Pfizer Inc United States / United States 64,479.7
2/25/2009 CF Industries Holdings Inc (100%)
Merck & Co Inc
1/15/2009 Pending Terra Industries Inc (100%) CF Industries Holdings Inc
Wyeth (100%)
Target (% Sought/Acquired)Date Effective Acquiror Acquiror / Target Nation Rank Value (US$m) Target Macro / Mid IndustryRank Date
3/12/2009
1/12/2009 2/24/2009
United States / United States
Abbott Laboratories United States / United States
Crown Ltd Australia / United States
1/13/2009
3/12/2009
IndyMac Bancorp Inc,Pasadena, (100%) Investor Group United States / United States1/2/2009 3/20/2009
Intended Cannery Casino Resorts LLC (75.5%)
http://banker.thomsonib.com
Magellan Midstream Partners LP United States / United States 1,147.9 Energy and Power / Pipelines
Financials / Other Financials
Pending CV Therapeutics Inc (100%)
Pending Morgan Stanley Smith Barney (51%)
Pending Schering-Plough Corp (100%)
Pending
1,300.0
Advanced Medical Optics Inc (100%)
Pending
First Quarter 2009 | Mergers & Acquisitions | Financial Advisors
Top 10 US Announced M&A Advisors by Target Industry* (AD2)
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Morgan Stanley Goldman Sachs & Co JP Morgan Barclays Capital Bank of AmericaMerrill Lynch
Citi Evercore Partners Credit Suisse UBS Rothschild
% V
o l u m e
C o m p o s
i t i o n
Consumer Products and Services Consumer Staples Energy and Power Financials Government and Agencies
Healthcare High Technology Industrials Materials Media and Entertainment
Real Estate Retail Telecommunications* Includes Rank Ineligibles
12 of 34
8/8/2019 1Q09 Financial Advisory[1]
http://slidepdf.com/reader/full/1q09-financial-advisory1 18/34
-94.9
-
--95.3
-90.5
-
-98.8
-65.9
8.5
-4.2
-4.2
-
533.1
-4.2
1,034.6
63.7
-
-
-
792.0
-
-
-72.8
-88.5
-5.3
23,863.4
21,489.4 8 -61.6
3
Deals US$m
Rank Value
Rank
No.
Rank Val
▼
▲
▼
▼
▼
-
-
-
▼
-
-
▼
-
▲
-
--
-92.3
47.7
7*
5*
7*
1
-
24,844.0
-
▲
▼
-
Societe Generale -
▼
▼
-1
1
8,246.9
BNP Paribas SA
Mediobanca 8,110.3
▼
-
▼
▼-64.4
-56.6
-
-
-
-61.5
52.5
-
--
-55.7
2.7 2
1,186.5
1
-
-
23,724.4
1
1
-
18Ahorro Corporacion Financiera 472.9
▼
KPMG
UBS
Financial Advisor
Nomura
Goldman Sachs & Co
Lazard
Citi
-
11
176.3
▼
▼
Santander
JP Morgan
▲
- 8,246.9
8,446.4
10,020.5
▼
47.7
-
48.8
57.9 6
23,716.46
2 23,070.7
54
10,500.8
US$m1
3
2
Share69.311,983.3
Rank ValUS$m RankDeals▲29 37,347.8
-60.7
32.08
5
Commerzbank AG
Credit Suisse
Calyon
BBVA
194
* tie
-
Subtotal without Financial Advisor
-
35*
3*
3*
7
4,949.66
2
18,738.1
18,738.1
2
8
12*
Any Spanish Involvement Announced (AD34)
9Rank
▲
2
3*
12*1,582.5
18,738.1
▲
▼
▲
% Chg. in
5*
356.8
▲
First Quarter 2009 | Mergers & Acquisitions | Financial Advisors
1/1/2008 - 3/31/2008
% Chg. inRank Value
1/1/2008 - 3/31/2008
Mkt.
1/1/2009 - 3/31/2009
No.
2
2,836.0
-
-
36.9
1,582.5
4
16,681.2
2
3
Rank ValueMkt.
1/1/2009 - 3/31/2009
Rank Value
1Rank
89.1Share
71.3
3* 70.8
2
5,907.2
136.6
10
11*
11*
10.5
0.0
4,371.9 9
6
0.5
1.2302.1
0.0
31.5
25,369.8 215 -32.4
▼
▼
-
2,568.6 - 10.1
- 100.0
1
0.1 2 1,910.2
1,910.2
19666.213
13*
16
13*
1,910.2
RBS
17.2
1
46.9
11.0
46.9
15.1
14.3
46.9
46.970.8
70.8
70.8
18,092.3
Bank of America Merrill Lynch136.6
1
3* 70.817,955.8
17,955.8
17,955.8 3*
17,955.8 3*
Any Spanish Involvement Completed (AF41)
Europe Rankings
2,610.3 11
94,954.7
22,789.4
-
7
3
4.1
5.8
11.0
11.0 1
-
21*112.3
-
2
1
- -
17Allied Irish Banks PLC
30
Keefe Bruyette & Woods Inc
Morgan Stanley▼
1,001.7
706.8
34,499.521 -33.9 82.4-
* tie
3,052.3
37,551.8
- -15.8
89.9-22,801.2Subtotal with Financial Advisor
Industry Total
143.5
19
Subtotal without Financial Advisor
Hawkpoint Partners
Arcano Asesores Financieros SL
178.0
39.1
23
21*
24
294.9
17,955.8
20
275.2
275.2
Barclays Capital
3*
322.8
14,263.1
136.6
Subtotal with Financial Advisor
-3,040.3
522.6
2
Close Brothers Ltd
17.6
195100.0
-1,993.4
39,061.117,303.4 -Industry Total
34
-
-
12
-
4
-
37,067.6
-
13
http://banker.thomsonib.com
21*
1.0
0.8
0.225
161
-
1.9
1
2
1.6
1.6
1.7
2
-
1
8,110.3 7*
2,617.0
8,110.3 7*
11
12
2
13*
8,110.3
70.83* 1 229.9
1
22,611.8
JP Morgan
Goldman Sachs & Co
Lazard
Deutsche Bank AG
Credit Suisse
Mediobanca
US$m
17,955.8
Rothschild
KPMG
Arcano Asesores Financieros SLDeloitte & Touche
Eurohold SL
Nomura
Santander
Citi
Financial Advisor
10
▼
▲
▲
18
-65.4
3,427.8
164.5
9
2
3,066.3
2
2,472.6
18 of 34
8/8/2019 1Q09 Financial Advisory[1]
http://slidepdf.com/reader/full/1q09-financial-advisory1 20/34
124
37,945.8
2,738.7
* tie
2.5
-
-
3
1
-85.4
13
.6
0.3
0.5
8.2
7
14.2
Rothschild 540.2
908.3
871.9 16.64
▼
▼
-
-
-▼
-
-
▼
-
0.0
▼
-
▼
▼
▼
▼
▼
▼
6
-86.3
17.3 2
Mediobanca
Intesa SanPaolo
655.7 412.5
744.6 5
1US$m
▼
-7.7
-82.4
18 ▼
9
1,522.0
▼
-
-
Subtotal with Financial Advisor
-
-88.1
-62.0
35,207.1
-
14
0.0 35*
-
1,749.7
4,930.4
-86.3
-
-
17
19
-
-
981.9--
-
-96.8
-92.8
-
-
-97.5
-91.2
-
▲
1
1,298.9
-80.4
2 6,362.3
2 24.8
3
3
-94.04
26.8
4,201.1 80.2 24
1,698.7
412.8
1,641.0
-
-
525.2
Subtotal with Financial Advisor
* tie
100.0- -48.4178
151Subtotal without Financial Advisor 5.0 ▼948.8 2,665.1 -64.4
-47.2 ▼
-
1 -
-- -
-
-
1
1
---
12*
462.8
16
12*
13.4
2.9
12.2
Nomura
2.5
Societe Generale
CalyonGruppo Banca Leonardo
102,518.7
2,306.2 11
12*538.1
Credit Suisse
UBS
Citi
Santander
Goldman Sachs & Co
Morgan Stanley
BNP Paribas SA
-
Lazard
Nomura
239.3
17,853.5
-73.7
1431.9
-
2,188.0
1
2
1
1
15.0
1
▲24 880.3
775.5
1
▼
1
% Chg. in
Rank
4,644.0
7,531.7
Any Italian Involvement Completed (AF43)
Mkt.
10
8
1
3
20,806.0
12,451.9
Financial Advisor US$m94.3 1,405.0
1/1/2009 - 3/31/2009
Rank
Rank Value Rank ValueNo.
1/1/2008 - 3/31/2008
1Morgan Stanley-26.2
No.
Financial Advisor
Rank Value
US$m
3
2
2
1
23
First Quarter 2009 | Mergers & Acquisitions | Financial Advisors
11
1
Share
77.8
Deutsche Bank AG
Mediobanca
14,680.8
17,794.4
JP Morgan
1
3
3,603.94
1
5
19,226.3
1 1,097.9
20,864.9
-17,914.7
18,863.6 -
-
Subtotal without Financial Advisor 19.9
-
-
Covington Associates
15
0.1
0.1
18
0.3
Rothschild
2.3
KPMG 17
-
-
-99.3
-
-97.4 ▼
-
14,248.9
▼
3,164.3
288.8
19,951.7
2
15,632.2
2
2.9
-87.4
4*
14,248.9
14,248.9
2,831.0
4*
4*
14,248.9
14,248.9
9
4*
0.1
1
1
0.5
0.5
0.1
2.9
15
KPMG
Mooreland Partners LLC 22
538.1
24.8
24.8
56.9
538.1
431.9
Intesa SanPaolo
Banca MB SpaA
Swedbank .6 23
14.0
25.0
19*
21
19*
0.1
0.0
11.8
CORPIN Partners
3
▼-8.8
4 ▼-88.0
-
▲
▼
Goldman Sachs & Co▲
▲
3,456.4
Rank Val
% Chg. inRank Value
477.5
▼
7,401.0
15
Rank Rank
UBS
Deals
1/1/2009 - 3/31/2009
Share
Lazard
16,541.9
4*
Any Italian Involvement Announced (AD36)
87.7 3
24,108.7
2,864.4
9Deals
Mkt.
US$m Rank Val
95.0 33,912.627
36,577.7Industry Total ▼
-
15
-
22
8
10
16
13
-
-
5,241.5Industry Total 148
http://banker.thomsonib.com
-86.2100.0
CORPIN Partners
-1,040.4
▼-68.3
1
14.0
24.5
14
Swedbank
Banca MB SpaA
4
9*
1
24.8 12
8
1
10.3
Covington Associates 11
4.6
4.69*
25.0
HSBC Holdings PLC
Deutsche Bank AG
239.3
75.5
75.5
75.5
75.5
▲1,197.817*
▼5
14
▼2
633.8
-31.7
1 1,941.8
-20.2
Europe Rankings
1/1/2008 - 3/31/2008
20 of 34
8/8/2019 1Q09 Financial Advisory[1]
http://slidepdf.com/reader/full/1q09-financial-advisory1 22/34
-61.9
-95.8
9
-91.9
-
-41.1
8,345.5
8
0.0 55*
-95.2
-94.3
-95.8
-71.7
-
-99.6
-
- -
-
-
▼
Any Benelux Involvement Completed (AF47)
Mkt. % Chg. in
1* 3 ▼
Rank Val
1/1/2008 - 3/31/2008
RankUBS
43
1
-
1
1
197.3-1 -
-
64.3
53.9
241.3
60.0
10 1.3
3.8
3.8
11* 0.1
0.1
254.4
599.3 7,365.63
6.06 1
▼
DealsShare
▼
▼
▼
JP Morgan 14.2
14.2
123.0
1
4*
Rank972.4
Financial Advisor US$m
1/1/2009 - 3/31/2009
Any Benelux Involvement Announced (AD40)
Europe Rankings
Financial Advisor US$m
15
-
563.3
US$m
No.
1/1/2008 - 3/31/2008
Industry Total
11*
Subtotal with Financial Advisor
-
-
Subtotal without Financial Advisor
-
-
-61.3
13.2 ▲
100.029,660.8 4,233.1Industry Total- -92.8
http://banker.thomsonib.com
0.2
▼
▼
▼
-
29
-
494.1
-
41
-
4,020.0
24.3
164.6
2
1
2
Rank Value
1
-
274.2
1
23 0.0
US$m
Rank Value
.7 13 0.0
-
-
1,720.11 ▼-96.51.4 26
▼
36
-99.2
7
8 7
410.05.7
2
2
-
▼
1.5
No.
1/1/2009 - 3/31/2009
Ernst & Young LLP
Investec
Brookfield Finl RE Grp 53.9
127.2
.7
22Deloitte & Touche 48.6
60.0Santander
21
51.1
-
71.036,369.7
-
-
-
-
- -
-
--
-
-
Ernst & Young LLP-22.9
▼-27.1
▲
▼
▲
▲
Banque Degroof
ING▲
Public Investment Bank Bhd
Hwang DBS Securities Sdn Bhd
▲
-
▲
-53,796.6
-
-59,001.2
5,204.6
223
171
5291.5 63 -23,951.6 2,250.0 53.2-
279
-
100.0-
46.91,983.1 -6,556.4 ▼
-2.8
Subtotal with Financial Advisor 27,124.8 -
▼
Subtotal without Financial Advisor 2,536.0 - 8.6
30,508.0 -
216
51*
1
0.0
-
2 0.0 51*
4
0.2
20 0.2
19 0.4
17*
17* 0.5
0.5
Societe Generale
Banque Degroof
135.2
135.2
UniCredit Group
Nomura
1,750.7
340.9 16
9.2
7*
13*
13* 5.9
1.2
11
36.7
5.9
UBS 1,750.7
5.97.5
Morgan Stanley2,220.7
13*1,750.712BNP Paribas SA
11,559.8
12,436.5
RBS
10,891.9
11,033.2
10,891.9
ING
Goldman Sachs & Co
14,792.4JP Morgan
Citi
12,436.5
14,187.2Lazard
Deutsche Bank AG
Sequoia 2,723.0
Rothschild
NIBC NV 10,891.9
Bank of America Merrill Lynch 10,891.9
-
Santander
-
1,833.4
-
14
-
-
Brookfield Finl RE Grp
-
2,400.0
4010
8
1
-
1
1
2
1
2,271.253.9
-
2
37.2
36.7
36.7
5
2
2
36.7
1,642.1
7*
3*
7*
5
7*
6
3*
41.9
39.0
Rank Share7
Deals49.9
% Chg. in
11,596.0
392.7
5,444.6
43.5
▲
121.5
Commerzbank AG
Goldman Sachs & Co▲
Bank of America Merrill Lynch
Citi
▲
▲
▲
41.9
Rank Value
▲
47.82
Mkt.
Rank Val78.8
Rank1 8,271.1
4
121.3
5,613.6
1
3
1 5
6 2,239.2
8,053.6
224.3
2
32 599.3
1*972.4
972.4 1*
4*
23.0 20,268.2
1
16,959.82
1
23.0
Rank Value
24
4
22,969.9
2,116.8
First Quarter 2009 | Mergers & Acquisitions | Financial Advisors
* tie
11
1
36
* tie
22 of 34
8/8/2019 1Q09 Financial Advisory[1]
http://slidepdf.com/reader/full/1q09-financial-advisory1 23/34
http://banker.thomsonib.com
9,298.3 Financials / Banks
8,583.0 Financials / Banks
Materials / Metals & Mining
Financials / Banks
5,150.1
Date Effective Target (% Sought/Acquired)
Top Ten European Involvement Announced Deals
Rank Date
HM Treasury
Pending
RBS (25%)2/26/2009
3/7/2009
Target Macro / Mid IndustryAcquiror Acquiror / Target Nation
Pending
Pending
18,596.5 Financials / Banks
Rio Tinto PLC
RBS (30%)
Hamersley Iron Pty Ltd (15%)
Endesa SA (25%)
RBS3/16/2009 Pending
2/12/2009 Pending
2/12/2009 Pending
2/26/2009 Intended
RBS
1/12/2009 Pending
2/23/2009 Nuon NV
Essent NV
Pending
2/26/2009 Pending
2/20/2009
Financials / Banks22,315.8
Enel SpA Italy / Spain 14,248.9 Energy and Power / Power
HM Treasury United Kingdom / United Kingdom
United Kingdom / United Kingdom
Lloyds Banking Group PLC (12%)
Europe Analysis
Rank Value (US$m)
First Quarter 2009 | Mergers & Acquisitions | Financial Advisors
Energy and Power / Power
RWE AG Germany / Netherlands 12,436.5 Energy and Power / Power
Vattenfall AB Sweden / Netherlands 10,891.8
HM Treasury United Kingdom / United Kingdom
7,558.8United Kingdom / United Kingdom
Chinalco China / United Kingdom 4,535.0 Materials / Metals & Mining
Chinalco
HM Treasury United Kingdom / United KingdomHM Treasury
China / Australia
Top 10 European Involvement Announced M&A Advisors by Target Industry* (AD21)
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Credit Suisse Deutsche Bank AG Citi JP Morgan UBS Morgan Stanley Lazard Goldman Sachs & Co Bank of America Merrill
Lynch
Rothschild
% V
o l u m e C o m p o s i t i o n
Consumer Products and Services Consumer Staples Energy and Power Financials Government and Agencies
Healthcare High Technology Industrials Materials Media and Entertainment
Real Estate Retail Telecommunications
* Includes Rank Ineligibles
23 of 34
8/8/2019 1Q09 Financial Advisory[1]
http://slidepdf.com/reader/full/1q09-financial-advisory1 29/34
Rio Tinto Escondida Ltd (49.8%)
Chinalco
Acquiror
2/3/2009
2/16/2009 Pending
2/12/2009 Pending
1/20/2009 Pending3/24/2009
Rio Tinto Ltd2/12/2009 Pending
Hutchison Au-Telecommun Bus (100%)
OZ Minerals Ltd (100%)
2/9/2009 Pending
3/16/2009 Pending
Reliance Petroleum Ltd (24.6%)3/2/2009 Pending
Tianjin Port Co Ltd (56.8%)
BTA Bank JSC (78.14%)South Korea / South Korea
China / Australia
Reliance Industries Ltd
China Minmetals Nonferrous Met
KTF Co Ltd (45.8%) KT CorpSamruk-Kazyna Fund
India / India
Kazakhstan / Kazakhstan
Rank Value (US$m)
Hong Kong / China
Chinalco China / United Kingdom
China / Australia
Grand Point Investment Ltd
1,691.1
2,094.11,810.0
Rank Date Date Effective Target (% Sought/Acquired)
Chinalco
Hamersley Iron Pty Ltd (15%)Pending2/12/2009
2/12/2009 Pending Rio Tinto PLC
Top Ten Asia (ex-Japan) Target Involvement Announced Deals
http://banker.thomsonib.com
Telecommunications / WirelessFinancials / Banks
1,483.0
Materials / Metals & Mining
3,388.0
Asia (ex-Japan) Analysis
First Quarter 2009 | Mergers & Acquisitions | Financial Advisors
Acquiror / Target Nation Target Macro / Mid Industry
2,374.0
2,627.0
Chinalco
Materials / Metals & Mining
Australia / Australia Telecommunications / Wireless
Materials / Metals & Mining4,535.0
Materials / Metals & Mining
Energy and Power / Petrochemicals
Industrials / Transportation & Infrastructure
Materials / Metals & Mining
China / Australia
China / Chile
5,150.1
Vodafone Group-Au Telecom Bus 2,456.2
Top 10 Asia (ex-Japan) Involvement Announced M&A Advisors by Target Industry* (AD25)
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Morgan Stanley Nomura JP Morgan China International
Capital Co
Credit Suisse Blackstone Group LP UBS Goldman Sachs & Co Citi Bank of America Merrill
Lynch
% V o l u m e C o m p o s i t i o n
Consumer Products and Services Consumer Staples Energy and Power Financials Government and Agencies
Healthcare High Technology Industrials Materials Media and Entertainment
Real Estate Retail Telecommunications
* Includes Rank Ineligibles
29 of 34
8/8/2019 1Q09 Financial Advisory[1]
http://slidepdf.com/reader/full/1q09-financial-advisory1 32/34
Target (% Sought/Acquired)
Resona Holdings Inc (6.4%)
San Miguel Brewery Inc (43.3%)
Acquiror / Target Nation
Japan / Japan
Japan / Philippines 1,225.1
Top Ten Japanese Involvement Announced Deals
2/27/2009 Pending
3/13/2009 3/31/2009
First Quarter 2009 | Mergers & Acquisitions | Financial Advisors
Japan Analysis
1/23/2009 Pending
2/16/2009 Pending 513.1
Japan / Japan 491.2
Financials / Credit Institutions
571.1536.7
Japan / JapanJapan / Japan
Japan / Australia
3/12/2009 Pending3/19/2009 Pending
Pending1/23/2009
655.73/6/2009 3/30/2009 Japan / Japan
667.0
Japan / Japan
United States / Japan
Japan / China
Consumer Staples / Food and Beverage
Financials / Banks
Healthcare / Healthcare Equipment & Supplies
Consumer Staples / Food and Beverage
1,021.3
785.5
Rank Date
3/10/2009 Pending
Date Effective
1,828.4
Rank Value (US$m) Target Macro / Mid Industry
Financials / Other Financials
Pending
http://banker.thomsonib.com
USJ Co Ltd (48.5%)
1/20/2009
Media and Entertainment / Recreation & LeisureMaterials / Chemicals
Materials / Paper & Forest Products
Consumer Products and Services / Other Consumer Products
North Pacific Bank
Olympus Corp-Diagnostic Bus (100%)
Tsingtao Brewery Co Ltd (19.9%)
APLUS Co Ltd
Otsuka Chemical Holdings (33.3%)
Australian Paper (100%)
Tokyo Leasing Co Ltd (99.9%)
Acquiror
Resona Holdings Inc
Kirin Holdings Co Ltd
Resolution & Collection Corp
Beckman Coulter Inc
Asahi Breweries Ltd
Shinsei Bank Ltd
SG InvestmentsOtsuka Holdings Co Ltd
Nippon Paper Group Inc
Century Leasing System Inc
Top 10 Any Japanese Involvement Announced M&A Advisors by Target Industry* (AD19)
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
N o m u r a
M i z u h o F i
n a n c i a l G r
o u p
D a i w a S e
c u r i t i e s S M
B C
M o r g a n S
t a n l e y C i t i
D e u t s c h e
B a n k A G
C r e d i t S u
i s s e
P r i c e w a t e
r h o u s e C o o
p e r s
G o l d m a n
S a c h s & C
o L a z a
r d
% V
o l u m e C o m p o s i t i o n
Consumer Products and Services Consumer Staples Energy and Power Financials Government and Agencies
Healthcare High Technology Industrials Materials Media and Entertainment
Real Estate Retail Telecommunications
* Includes Rank Ineligibles
32 of 34
top related