Mergermarketâ€™s US Q1 2013 Legal Advisor League Table

Mergermarket Q1 2013 MampA Report

Deal Submissions

EMEA Nancy Costantinopoli NancyCostantinopolimergermarketcom Tel +44 201 010 6227

Americas Richard Myers RichardMyersmergermarketcom Tel +1 212 500 1393

Asia-Pacfic Fidelia Liu FideliaLiumergermarketcom Tel +852 2158 9723

Press Contacts

EMEA Flora Wilke FloraWilkemergermarketcom Tel +44 207 010 6348

Americas Chrissy Carney ChrissyCarneymergermarketcom Tel +1 646 378 3118

Asia-Pacfic Jessica Chan JessicaChanmergermarketcom Tel +852 2158 9706

Legal Advisor League Tables

Mergermarket Q1 2013 MampA Roundup 1 wwwmergermarketcom

April 2013

Contents and SummaryGlobal Highlights bull A total of 2621 deals worth US$ 418bn was 76 behind the same period last year bull Davis Polk amp Wardwell advised on US$ 82bn-worth of deals putting it in lead position from 19th in Q1 2012

Spotlight

bull Februaryrsquos flurry of mega-deals (deals above US$ 10bn) this year brings 2013 up to four mega-deals valued at US$ 877bn compared to US$ 707bn (three deals) last year This was the highest Q1 value for mega-deals in a first quarter since Q1 2010 which was valued at US$ 1163bn (seven deals)

bull Every year that has experienced 5+ mega-deals in the first two months has ended with an increased deal value and volume compared to the previous year with the exception of the boom year in 2007

bull Dellrsquos buyout announcement has become one of four deals announced this year to enter into a go-shop period according to Dealreporter

Fortune Fortnight

Advisors bull After working on the Heinz mega-deal (deals above US$

10bn) Davis Polk amp Wardwell skipped ahead to first position in the global and US legal advisor league tables by value

bull Nine advisors not featured in Q1 2012rsquos top 20 global legal advisor league table by deal value made an entrance in Q1 2013

3-7

8-18

29-36

bull Q1 (US$ 1163bn) attempts to haul itself towards levels seen in the same period in 2012 but drops by 281 from US$ 1617bn bull Shearman amp Sterling entered the top 20 from 28th to lead the European legal advisor league table by deal value (US$ 265bn)

US bull The US sets the bar high for 2013 with deals valued at US$ 1724bn surpassing the Q1 2012 value by 38 bull Davis Polk amp Wardwell displaced Sullivan amp Cromwell and now leads the advisor table by deal value coming up from tenth

Asia-Pacific (excl Japan) bull Inbound deals in Q1 worth US$ 131bn outstripped Q1 2012 (US$ 95bn) bull King amp Wood Mallesons skips ahead two spots from third to first position for deals valued at US$ 112bn

Japan bull Deal values canrsquot keep up with Japanrsquos record H2 2012 with deals worth US$ 81bn in Q1 mostly from domestic deals bull Local advisor Nagashima Ohno amp Tsunematsu (US$ 34bn) retains its leading place in the legal advisor league table by deal value

Emerging Markets bull Outbound deal values increased but aggregate deal value (US$ 905bn) is down to a level not seen in a Q1 in four years

Private Equity bull US buyout values contributed 696 to total buyout MampA - a level never before seen on Mergermarket record bull Exits worth US$ 328bn in Q1 2013 were down compared to both Q1 and Q4 2012

19-28

37-40

44-45

46-48

Criteria 50

Deal Value and Mid-Market bull Q1 2013 is the fourth quarter in a row to have an average deal size above US$ 300m bull The US mid-market quarterly value in Q1 2013 moves ahead of Europe for the fifth consecutive quarter

49

41-43Africa amp Middle East bull One of two areas in this report to see deal values exceed Q1 2012 with deals valued at US$ 185bn bull Local advisor Zulficar amp Partners is in first place after advising on US$ 64bn-worth of deals

What can Mergermarket do for you 51

Europe


36661

24075

17104

20878

22469 22513

110

01

732

8

457

4

568

6 707

2

464

4

737

0

8092 5899

4192 4591

6130

4522 4180

0

500

1000

1500

2000

2500

3000

3500

4000

2007 2008 2009 2010 2011 2012 Q1 2013

Val

ue o

f Dea

ls (U

S$b

n)

Annual Q4 Previous Year Q1

Global Overview for Q1 2013 bull A fortnight of mega-deals failed to push Q1 2013 ahead of Q1 2012 down 76 on the same period last year

bull Davis Polk amp Wardwell leads the global league table by deal value with US$ 82bn-worth of deals including three of the top ten announced deals

0

500

1000

1500

2000

2500

3000

3500

4000

4500

0

200

400

600

800

1000

1200

1400

1600

1800

Valu

e of

Dea

ls (U

S$bn

)

European MampA US MampA Asia-Pacific (excl Japan MampA) RoW MampA Number of Deals

Num

ber o

f Dea

ls

Global Q1 2013 Trend Comparison Quarterly MampA Trend Breakdown

bull 2013 began with Q1 deal value (US$ 418bn 2621 deals) 76 down on the corresponding period in 2012 (US$ 4522bn 3262 deals) It was the slowest opening quarter in ten years (Q1 2003 US$ 2329bn)

bull After the highest quarterly value in five years (Q4 2012 US$ 737bn 3561 deals) Q1 2013 saw a decrease in total MampA value of 433 It is the seventh year in a row to see lower totals in Q1 than in the preceding Q4

bull The year has already seen four mega-deals adding up to US$ 861bn Last yearrsquos mega-deals in the same period totalled US$ 707bn

bull Only the US and Africa amp Middle East saw higher totals in Q1 2013 than in the same period in 2012 with increases in deal value of 38 and 1025 respectively


Global Industry amp Geography analysis for Q1 2013

51 68

356

101

136

65

43

61

97

23

33

143

217

95 96

40

32

48

245

51

Business Services US$ 138bn (US$ 23bn)

Consumer US$ 596bn (US$ 308bn)

Energy Mining amp Utilities US$ 909bn (US$ 1611bn)

Financial Services US$ 397bn (US$ 457bn)

Industrials amp Chemicals US$ 402bn (US$ 613bn)

Other US$ 168bn (US$ 293bn)

Pharma Medical amp Biotech US$ 135bn (US$ 195bn)

Real Estate US$ 199bn (US$ 274bn)

TMT US$ 1026bn (US$ 439bn)

Transport US$ 212bn (US$ 103bn)

0

500

1000

1500

2000

2500

3000

3500

4000

4500

0

200

400

600

800

1000

1200

1400

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Global Cross Border - value (US$bn) Global MampA - value (US$bn) Global Cross Border - volume Global MampA - volume

Q1 2013 vs (Q1 2012) Value and Market Share Percentage Comparison Q1 2013 Geography and Cross-Border Focus

bull After TMT (bias due to the mega-deals) energy mining amp utilities was the second largest sector by market share at 217 with US$ 909bn-worth of deals This activity is boosted by a search for gas supplies which is visible in three of the top ten global deals with a combined value of US$ 126bn

bull Countries including China are likely competitors for overseas acquisitions of new shale gas export projects in North America Chinese acquisitions of US targets in the energy mining and utilities sector hit their highest aggregate value on Mergermarket record in 2012 (US$ 39bn)

bull Global energy demand permeates into other sectors such as transport where rail and shipping companies are being acquired to filter into price competitive geographies and avoid pipeline constraints The transport sector increased 1058 in deal value (US$ 212bn from US$ 103bn) with US$ 65bn deriving from the US

bull Despite only one cross-border mega-deal cross-border deals accounted for an increased proportion of global MampA compared to Q4 2012 In Q1 cross-border deals valued at US$ 1457bn (916 deals) contributed 348 to the global total up from 281 in Q4 (US$ 2709bn from 1218 cross-border deals)

bull The number of cross-border deals in Q1 was down 203 compared to the same period in 2012 (1150 deals) although value was down just 18 (from US$ 1483bn)

bull Four of the top ten global deals involved cross-border acquisitions but the rest were mostly US domestic deals which accounts for North America having a 412 market share by deal value in global MampA

Global Cross-Border MampA


Global Top Deals in Q1 2013Announced

DateBidder Company Bidder Legal

AdvisorTarget Company TargetSeller

Legal AdvisorSeller Company Deal

Value (US$m)

14-Feb-13 Berkshire Hathaway Inc and 3G Capital Partners

Freshfields Bruckhaus Deringer Kirkland amp Ellis

Munger Tolles amp Olson

HJ Heinz Company Davis Polk amp Wardwell Wachtell Lipton Rosen

amp Katz Advising FA OrsquoMelveny amp Myers Willkie Farr amp Gallagher Sullivan amp

Cromwell

27362

06-Feb-13 Liberty Global Inc Hogan LovellsRopes amp Gray Shearman amp Sterling

Advising FA Latham amp Watkins OrsquoMelveny amp

Myers

Virgin Media Inc Fried Frank Harris Shriver amp Jacobson Milbank Tweed

Hadley amp McCloy Advising FA Cravath Swaine amp

Moore

21855

05-Feb-13 Silver Lake Partners LP and Michael Dell (private

investor)

Blake Cassels amp Graydon Clifford Chance Maples amp Calder Simpson Thacher amp Bartlett Wachtell Lipton

Rosen amp Katz Advising FA White amp Case

Dell Inc Alston amp Bird Debevoise amp Plimpton Hogan Lovells Advising FA Davis Polk amp Wardwell Weil Gotshal amp

Manges

20169

12-Feb-13 Comcast Corporation Davis Polk amp Wardwell Freshfields Bruckhaus Deringer Willkie Farr amp

Gallagher

NBCUniversal Media LLC (49 Stake)

Advising seller Weil Gotshal amp Manges

General Electric Company 16700

26-Feb-13 Royal Dutch Shell Plc Clifford Chance KPMG Abogados

Repsol SA (LNG Assets) Advising seller Linklaters Repsol SA 6700

31-Mar-13 Altimo Zulficar amp Partners Orascom Telecom Holding SAE

VimpelCom Ltd 6403

14-Feb-13 AMR Corporation Jones Day KampL Gates Paul Hastings Skadden Arps

Slate Meagher amp Flom Weil Gotshal amp Manges

US Airways Group Inc Cadwalader Wickersham amp Taft Dechert Latham amp Watkins OMelveny amp Myers Advising FA Shearman amp Sterling

4905

14-Mar-13 China National Petroleum Corporation

Gianni Origoni Grippo Cappelli amp Partners Herbert

Smith Freehills

Eni East Africa Spa (2857 Stake)

Advising seller Linklaters Eni SpA 4210

30-Jan-13 Kinder Morgan Energy Partners LP

Bracewell amp Giuliani Weil Gotshal amp Manges

Advsiing FA White amp Case

Copano Energy LLC Vinson amp Elkins Wachtell Lipton Rosen amp Katz

Advising FA Jones Day

4180

21-Feb-13 LINN Energy LLC Akin Gump Strauss Hauer amp Feld Latham amp Watkins Locke Lord Advising FA

Vinson amp Elkins

Berry Petroleum Company Wachtell Lipton Rosen amp Katz

4093


Global Legal Advisor League Table Q1 2013League Table of Legal Advisors to Global MampA Volume

Ranking Q1 2013 Q1 2012Q1

2012Q1

2013 Company NameValue

(US$m)Deal

CountDeal

CountCount

Change1 1 DLA Piper 2976 64 76 -123 2 Jones Day 20478 53 65 -125 3 Kirkland amp Ellis 40224 52 63 -116 4 Linklaters 30548 48 59 -117 5 Allen amp Overy 17504 43 59 -169 6 Freshfields Bruckhaus Deringer 61378 41 51 -104 7 Latham amp Watkins 49174 41 65 -2411 8 Skadden Arps Slate Meagher amp

Flom 31649 40 42 -2

14 9 White amp Case 42659 37 38 -113 10 Hogan Lovells 47061 36 41 -52 11 Baker amp McKenzie 10719 35 69 -348 12 Clifford Chance 35246 30 52 -2287 13 OMelveny amp Myers 57936 29 12 1710 14 CMS 1757 28 45 -1733 15 Davis Polk amp Wardwell 82039 26 23 312 16 Weil Gotshal amp Manges 50776 26 41 -1521 17 Blake Cassels amp Graydon 25692 26 29 -316 18 Sullivan amp Cromwell 50823 22 33 -1146 19 King amp Wood Mallesons 10754 22 16 617 20 Stikeman Elliott 5584 22 33 -11

League Table of Legal Advisors to Global MampA ValueRanking Q1 2013 Q1 2012

Q1 2012

Q1 2013 Company Name

Value (US$m)

Deal Count

Value (US$m)

Val Change

19 1 Davis Polk amp Wardwell 82039 26 20823 294036 2 Wachtell Lipton Rosen amp Katz 69718 16 11246 51991 3 Freshfields Bruckhaus Deringer 61378 41 84526 -274

107 4 OMelveny amp Myers 57936 29 2813 19608 5 Sullivan amp Cromwell 50823 22 40000 27113 6 Weil Gotshal amp Manges 50776 26 27573 84211 7 Latham amp Watkins 49174 41 28269 74042 8 Hogan Lovells 47061 36 10098 366028 9 Willkie Farr amp Gallagher 45875 17 14122 224830 10 White amp Case 42659 37 12829 232512 11 Kirkland amp Ellis 40224 52 28200 4262 12 Clifford Chance 35246 30 82397 -57217 13 Shearman amp Sterling 32877 16 22877 4375 14 Skadden Arps Slate Meagher amp

Flom 31649 40 51535 -386

3 15 Linklaters 30548 48 73320 -583117 16 Ropes amp Gray 30487 14 2577 1083579 17 Munger Tolles amp Olson 27362 1 13 210377

9 18 Simpson Thacher amp Bartlett 27274 13 31589 -13746 19 Cravath Swaine amp Moore 27217 8 9395 189752 20 Fried Frank Harris Shriver amp

Jacobson 25912 10 8098 2200


Global Legal Advisor League Table Q1 2013League Table of Legal Advisors to Global Buyouts Value


2012Q1


(US$m)Deal

CountValue

(US$m) Val Change

13 1 Kirkland amp Ellis 30899 18 4178 63966 2 Freshfields Bruckhaus Deringer 27634 5 5744 3811- 3 Munger Tolles amp Olson 27362 1 - -

22 4 Clifford Chance 21368 6 1476 134843 5 White amp Case 20969 7 398 516911 6 Simpson Thacher amp Bartlett 20474 5 4937 3147- 7 Maples amp Calder 20419 2 - -

71 8 Blake Cassels amp Graydon 20169 2 139 1441028 9 Wachtell Lipton Rosen amp Katz 20169 1 1050 1821154 10 Schulte Roth amp Zabel 3300 1 - -

- 11 Gernandt amp Danielsson 3109 1 - -5 12 Linklaters 2733 8 6735 -59426 13 Kim amp Chang 2657 7 1073 1476- 14 Kinstellar 2051 1 - -

177 15= Chiomenti Studio Legale 1488 1 - -- 15= Studio Tributario Associato Facchini

Rossi Scarioni1488 1 - -

53 17 Skadden Arps Slate Meagher amp Flom

1368 7 307 3456

132 18= Stibbe 1352 1 14 955712 18= Sullivan amp Cromwell 1352 1 4586 -705157 20 Vinge 1218 3 - -

Based on the target geography only and the adviser advising the buy-side only

League Table of Legal Advisors to Global Buyouts VolumeRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Count Change

1 1 Kirkland amp Ellis 30899 18 24 -67 2 SJ Berwin 659 9 8 15 3 Linklaters 2733 8 8 035 4 White amp Case 20969 7 3 499 5 Kim amp Chang 2657 7 1 622 6 Skadden Arps Slate Meagher amp

Flom 1368 7 4 3

10 7 DLA Piper 147 7 6 16 8 Clifford Chance 21368 6 8 -22 9 Weil Gotshal amp Manges 244 6 10 -48 10 Freshfields Bruckhaus Deringer 27634 5 7 -218 11 Simpson Thacher amp Bartlett 20474 5 4 14 12 Latham amp Watkins 900 5 9 -4- 13 Sidley Austin 1136 4 - -

16 14 Willkie Farr amp Gallagher 779 4 4 0- 15 Shin amp Kim 552 4 - -- 16 Goodwin Procter 328 4 - -

86 17 Orrick Herrington amp Sutcliffe 44 4 2 2

17 18 Vinson amp Elkins 41 4 4 093 19 Vinge 1218 3 2 167 20 Osler Hoskin amp Harcourt 1100 3 2 1


bull Deal value in Q1 (US$ 1163bn 1037 deals) struggled to beat Q4 (US$ 2345bn 1371 deals) down 504

bull Shearman amp Sterling jumped to top position in the advisory rankings by deal value with deals worth US$ 265bn

0

200

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0

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600

700

Num

ber o

f Dea

ls

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ue o

f Dea

ls (U

S$b

n)

Value (US$bn)

Number of Deals

Europe Q1 2013 Trend Comparison Quarterly MampA Trend Breakdown

bull European MampA in Q1 2013 saw 1037 deals worth US$ 1163bn a drop of 281 in value from the same period last year (US$ 1617bn 1355 deals)

bull Despite the eurozone crisisrsquo negative impact on MampA activity Q1 2013 recorded 13 deals over US$ 2bn worth a combined value of US$ 575bn driving up Europersquos share of global MampA activity to 278 To compare in Q1 2012 there were also 13 deals over US$ 2bn although overall value (US$ 906bn) was distorted by the Xstrata mega-deal

bull Of these 13 deals only Liberty Globalrsquos US$ 219bn acquisition of Virgin Media topped US$10bn the next biggest deal being Italyrsquos US$ 4bn merger between Atlantia and Gemina

15190

10054

4666

6391

7258 6934

396

8

286

3

217

1

187

9 242

0

134

4

234

5

2649 2952

1216 1275 1839 1617

1163

0

200

400

600

800

1000

1200

1400

1600

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)


Europe Overview for Q1 2013


Europe Industry amp Geography analysis for Q1 2013

21

57

410

106

101

103

23

42

94

44

43 62

184

151

54 60 47

07

322

70











0

50

100

150

200

250

300

0

25

50

75

100

125

150

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Inbound Value (US$bn) Outbound Value (US$bn) Inbound Volume Outbound Volume

Q1 2013 Geography and Cross-Border Focus

bull As Morgan Stanley analysts cut eurozone growth rates for 2013 the area racks up just US$ 437bn-worth of deals making Q1 the slowest performing quarter since Q2 2009 (US$ 373bn)

bull Italy sliding deeper into recession and with concern building about its political landscape since the election has been cushioned by Europersquos second largest deal the Atlantia-Germina merger (US$ 4bn)

bull Cross-border MampA in Europe was up in both directions compared to Q1 2012 Inbound investment in Q1 (US$ 473bn 169 deals) was off to a better start than Q1 2012 (US$ 396bn 230 deals) while outbound investment totalled US$ 272bn over 165 deals 82 higher in value than Q1 2012 (US$ 251bn 188 deals)

Quarterly Cross-Border European MampA

Q1 2013 vs (Q1 2012) Value and Market Share Percentage Comparison

bull All sectors witnessed a lower deal count in comparison to Q1 2012 although four sectors had increased deal values including business services at 429 and 41 in the pharma medical amp biotech sector

bull A dramatic nine-fold increase in total deal value in the media sector was driven by the mega-deal between Liberty Global and Virgin Media The deal also led to the sector accounting for a 241 share of the European market compared to only 18 of the market in Q1 2012

bull The real estate sector struggled with 64 fewer deals last quarter bringing down the total value by 89 from US$ 71bn in Q1 2012 to US$ 750m in Q1 2013


Europe Top Deals for Q1 2013Announced


AdvisorTarget Company TargetSeller Legal

AdvisorSeller Company Deal

Value (US$m)

06-Feb-13 Liberty Global Inc Hogan Lovells Ropes amp Gray Shearman amp Sterling

Advisors to FA Latham amp Watkins OMelveny amp

Myers


Hadley amp McCloy Advisors to FA Cravath Swaine amp

Moore

21855

08-Mar-13 Atlantia SpA Bonelli Erede Pappalardo Gianni Origoni Grippo

Cappelli amp Partners Studio Legale Carbonetti

Gemina SpA Chiomenti Studio Legale Advisors to FA Legance Studio Legale Associato dUrso Gatti e Bianchi - Studio Legale Associato

3970

22-Feb-13 Private investors Clifford Chance (Advising VTB Capital) Clyde amp Co

Freshfields Bruckhaus Deringer

Polyus Gold International Ltd (3775 Stake)

Linklaters Advising seller Herbert Smith Freehills

Onexim Group 3616

27-Mar-13 VTB Bank OAO Tele2 Russia Telecom Advising seller Davis Polk amp Wardwell Mannheimer

Swartling

Tele2 AB 3550

15-Jan-13 Energeticky a Prumyslovy Holding as

Baker amp McKenzie Slovensky Plynarensky Priemysel AS (49 Stake)

White amp Case Advising sellers Bredin Prat

De Brauw Blackstone Westbroek Freshfields

Bruckhaus Deringer

GDF Suez SA and EON Ruhrgas AG

3467

06-Feb-13 Biogen Idec Inc Ropes amp Gray Elan Corporation Plc (Tysabri assets)

Advising seller AampL Goodbody Cadwalader

Wickersham amp Taft

Elan Corporation Plc 3249

11-Feb-13 Hakon Invest AB Gernandt amp Danielsson ICA AB (60 Stake) Advising seller De Brauw Blackstone Westbroek

Roschier

Royal Ahold NV 3109

01-Feb-13 Government of the Netherlands

Allen amp Overy SNS Reaal NV 3001

19-Feb-13 ORIX Corporation Allen amp Overy Linklaters Nishimura amp Asahi

Robeco Groep NV (90 Stake)

Advising seller Anderson Mori amp Tomotsune Davis

Polk amp Wardwell De Brauw Blackstone Westbroek

Rabobank NV 2590


Europe Legal Advisor League Table Q1 2013League Table of Legal Advisors to European MampA Volume


2012Q1


(US$m)Deal

CountDeal

CountCount

Change6 1 DLA Piper 1772 37 40 -32 2 Freshfields Bruckhaus Deringer 16625 36 47 -111 3 Linklaters 25267 34 52 -185 4 Allen amp Overy 12765 32 42 -104 5 CMS 1757 28 44 -1611 6 Jones Day 5598 27 23 49 7 Hogan Lovells 26212 26 29 -33 8 Clifford Chance 12443 25 45 -207 9 Baker amp McKenzie 8651 22 35 -13

8 10 White amp Case 13338 21 29 -818 11 SJ Berwin 2262 19 16 356 12 De Brauw Blackstone Westbroek 9444 15 9 610 13 Ashurst 3321 15 24 -914 14 Pinsent Masons 1808 14 20 -646 15 Herbert Smith Freehills 14466 13 10 3

100 16 Slaughter and May 5413 13 5 860 17 Kirkland amp Ellis 5191 12 8 415 18 Weil Gotshal amp Manges 2382 12 16 -470 19 Uria Menendez 1455 12 7 5

13 20 Eversheds 770 12 21 -9

League Table of Legal Advisors to European MampA ValueRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change

28 1 Shearman amp Sterling 26525 6 7500 253751 2 Hogan Lovells 26212 26 4656 4633 3 Linklaters 25267 34 70999 -644- 4 Ropes amp Gray 25141 4 - -

109 5 Cravath Swaine amp Moore 23549 2 1007 223921 6 Latham amp Watkins 23175 9 8766 164165 7 OMelveny amp Myers 22155 3 429 506427 8 Milbank Tweed Hadley amp McCloy 22144 3 7611 190950 9 Fried Frank Harris Shriver amp

Jacobson 21880 2 4920 3447

2 10 Freshfields Bruckhaus Deringer 16625 36 75823 -781108 11 Herbert Smith Freehills 14466 13 1009 133418 12 White amp Case 13338 21 10451 2766 13 Allen amp Overy 12765 32 31452 -5941 14 Clifford Chance 12443 25 79978 -84469 15 Gianni Origoni Grippo Cappelli amp

Partners10334 4 2115 3886

8 16 Sullivan amp Cromwell 9604 9 17028 -43697 17 De Brauw Blackstone Westbroek 9444 15 1159 714863 18 Baker amp McKenzie 8651 22 2952 19319 19 Skadden Arps Slate Meagher amp

Flom 8207 10 16061 -489

23 20 Bonelli Erede Pappalardo 7890 6 8387 -59


Europe Legal Advisor League Table Q1 2013League Table of Legal Advisors to European Buyouts Value


2012Q1


(US$m)Deal

CountValue

(US$m) Val Change

- 1 Gernandt amp Danielsson 3109 1 - -8 2 Kirkland amp Ellis 3088 3 2756 121 3 Linklaters 2483 6 6735 -631- 4 Kinstellar 2051 1 - -



74 7= Stibbe 1352 1 14 95576 7= Sullivan amp Cromwell 1352 1 4524 -70190 9 Vinge 1218 3 - -84 10 Hannes Snellman 1218 2 - -27 11 White amp Case 800 5 398 10112 12 SJ Berwin 659 9 1468 -55183 13 De Pardieu Brocas Maffei 603 3 - -25 14 Clifford Chance 398 3 460 -13513 15 Plesner 363 3 931 -61103 16= Cederquist 363 1 - -73 16= Schjodt 363 1 15 2320- 18 Advokatfirmaet Grette 321 1 - -- 19 Willkie Farr amp Gallagher 313 2 - -

28 20 Travers Smith 310 3 334 -72 Based on the target geography only and the adviser advising the buy-side only

League Table of Legal Advisors to European Buyouts ValueRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Deal Count

2 1 SJ Berwin 659 9 8 11 2 Linklaters 2483 6 8 -218 3 White amp Case 800 5 3 222 4 DLA Piper 147 4 3 113 5 Kirkland amp Ellis 3088 3 3 049 6 Vinge 1218 3 2 1

12 7 De Pardieu Brocas Maffei 603 3 4 -13 8 Clifford Chance 398 3 6 -329 9 Plesner 363 3 2 119 10 Travers Smith 310 3 3 06 11 Freshfields Bruckhaus Deringer 272 3 4 -14 12 Latham amp Watkins 216 3 5 -2- 13 Fidal 186 3 - -5 14 Allen amp Overy 152 3 4 -111 15 Pinsent Masons 85 3 4 -144 16 Orrick Herrington amp Sutcliffe 44 3 2 1113 17 Gateley 14 3 1 2

- 18 Hide Puylajarde Mahieux Libaud 6 3 - -24 19 Hannes Snellman 1218 2 3 -1- 20 Willkie Farr amp Gallagher 313 2 - -


Europe Legal Advisor League Table Q1 2013

Legal Advisors to Irish MampA VolumeRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change

1 1 AampL Goodbody 5040 3 8 -53 2 Matheson 1947 3 4 -14 3 Arthur Cox 1753 3 4 -1- 4 Davis Polk amp Wardwell 160 2 - -2 5 William Fry 45 2 5 -38 6 Mason Hayes amp Curran 42 2 2 029 7 Freshfields Bruckhaus Deringer - 2 1 1- 8= Cadwalader Wickersham amp Taft 3249 1 - -- 8= Ropes amp Gray 3249 1 - -- 10= Herbert Smith Freehills 1739 1 - -- 10= Torys 1739 1 - -

Legal Advisors to Irish MampA ValueRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change

1 1 AampL Goodbody 5040 3 7457 -324- 2= Cadwalader Wickersham amp Taft 3249 1 - -- 2= Ropes amp Gray 3249 1 - -6 4 Matheson 1947 3 278 6007 5 Arthur Cox 1753 3 270 549- 6= Herbert Smith Freehills 1739 1 - -- 6= Torys 1739 1 - -- 8 Davis Polk amp Wardwell 160 2 - -- 9 Wilson Sonsini Goodrich amp Rosati 160 1 - -- 10= Allen amp Overy 112 1 - -- 10= Field Fisher Waterhouse 112 1 - -

Legal Advisors to UK MampA VolumeRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change

5 1 DLA Piper 1235 21 17 44 2 Freshfields Bruckhaus Deringer 4945 14 18 -42 3 Pinsent Masons 1808 14 20 -630 4 Slaughter and May 5290 12 5 7

12 5 Hogan Lovells 22959 11 12 -16 6 Eversheds 770 11 16 -51 7 Linklaters 3410 10 22 -129 8 CMS 1196 10 14 -413 9 Gateley 24 10 11 -118 10 Ashurst 1638 9 9 017 11 SJ Berwin 1367 9 9 07 12 Allen amp Overy 1225 9 15 -628 13 Jones Day 849 9 6 311 14 Olswang 1032 8 13 -526 15 Addleshaw Goddard 492 8 7 1

Legal Advisors to UK MampA ValueRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change

28 1 Hogan Lovells 22959 11 2073 1008183 2 Shearman amp Sterling 22620 2 - -37 3 Latham amp Watkins 21901 3 1575 1291207 4 Fried Frank Harris Shriver amp

Jacobson 21880 2 - -

- 5 Ropes amp Gray 21862 2 - -76 6= Cravath Swaine amp Moore 21855 1 440 486715 6= Milbank Tweed Hadley amp McCloy 21855 1 7300 1994- 6= OMelveny amp Myers 21855 1 - -

34 9 Slaughter and May 5290 12 1673 216210 10 Freshfields Bruckhaus Deringer 4945 14 8777 -4378 11 Kirkland amp Ellis 4066 6 10187 -60152 12 Herbert Smith Freehills 3987 7 841 374117 13 Linklaters 3410 10 6804 -4999 14 Sullivan amp Cromwell 2100 2 10185 -79- 15= Arias Fabrega amp Fabrega 2100 1 - -- 15= Tapia Linares amp Alfaro 2100 1 - -



Legal Advisors to Germanic MampA VolumeRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change

2 1 CMS 266 13 20 -71 2 Freshfields Bruckhaus Deringer 3758 12 23 -115 3 Clifford Chance 952 11 12 -118 4 Jones Day 1974 10 5 516 5 Gleiss Lutz 1090 10 6 412 6 White amp Case 4410 8 7 16 7 Noerr 93 8 10 -213 8 Luther 208 7 7 04 9 Baker amp McKenzie 3491 6 13 -726 10 SJ Berwin 550 6 4 210 11 Linklaters 2065 5 7 -29 12 Hogan Lovells 1204 5 9 -48 13 Allen amp Overy 222 5 9 -411 14 Latham amp Watkins 216 5 7 -214 15 DLA Piper 12 5 7 -2

Legal Advisors to Germanic MampA ValueRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change

25 1 White amp Case 4410 8 3517 2541 2 Freshfields Bruckhaus Deringer 3758 12 60025 -93734 3 Baker amp McKenzie 3491 6 1805 932 4 Linklaters 2065 5 57614 -964- 5 Kinstellar 2051 1 - -

23 6 Jones Day 1974 10 3770 -476- 7= Bredin Prat 1734 1 - -

78 7= De Brauw Blackstone Westbroek 1734 1 195 78923 9 King amp Wood Mallesons 1523 3 55884 -97337 10 Hogan Lovells 1204 5 1209 -0413 11 Shearman amp Sterling 1111 1 7441 -85133 12 Gleiss Lutz 1090 10 1818 -4051 13 Simpson Thacher amp Bartlett 1084 1 633 71215 14 Stikeman Elliott 1000 1 7386 -8654 15 Clifford Chance 952 11 52401 -982

Legal Advisors to German MampA VolumeRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change

1 1 CMS 266 11 16 -53 2 Freshfields Bruckhaus Deringer 3758 10 13 -312 3 Gleiss Lutz 1090 10 6 44 4 Clifford Chance 952 10 11 -120 5 Jones Day 866 7 4 39 6 Luther 208 7 7 05 7 Noerr 30 7 10 -311 8 White amp Case 4357 6 6 018 9 SJ Berwin 550 6 4 27 10 Hogan Lovells 1204 5 9 -410 11 DLA Piper 12 5 7 -28 12 Baker amp McKenzie 3467 4 8 -415 13 Linklaters 2065 4 5 -16 14 P+P Poellath + Partners 33 4 10 -614 15 Allen amp Overy 178 3 5 -2

Legal Advisors to German MampA ValueRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change

5 1 White amp Case 4357 6 3517 2392 2 Freshfields Bruckhaus Deringer 3758 10 5282 -28914 3 Baker amp McKenzie 3467 4 1805 92116 4 Linklaters 2065 4 1730 194- 5 Kinstellar 2051 1 - -- 6= Bredin Prat 1734 1 - -

54 6= De Brauw Blackstone Westbroek 1734 1 195 789218 8 Hogan Lovells 1204 5 1209 -0435 9 Shearman amp Sterling 1111 1 595 86713 10 Gleiss Lutz 1090 10 1818 -4033 11 Simpson Thacher amp Bartlett 1084 1 633 7123 12 Clifford Chance 952 10 3864 -75440 13 Lefosse Advogados 947 1 460 1059- 14 King amp Wood Mallesons 873 2 - -

90 15 Jones Day 866 7 - -



Legal Advisors to Benelux MampA VolumeRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change

4 1 De Brauw Blackstone Westbroek 7710 13 9 41 2 Allen amp Overy 9570 12 15 -38 3 Linklaters 10035 11 7 43 4 Loyens amp Loeff 793 11 12 -17 5 DLA Piper 273 9 7 29 6 AKD lawyers amp civil law notaries - 6 7 -114 7 Clifford Chance 7035 5 5 011 8 Baker amp McKenzie 4404 5 6 -1

5 9 Freshfields Bruckhaus Deringer 2594 5 8 -316 10 White amp Case 5328 4 4 015 11 Jones Day 2375 4 5 -1- 12 Bredin Prat 1694 4 - -2 13 Stibbe 1554 4 13 -918 14 Simmons amp Simmons 52 4 3 117 15 Houthoff Buruma 23 4 4 0

Legal Advisors to Benelux MampA ValueRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change

28 1 Linklaters 10035 11 320 30561 2 Allen amp Overy 9570 12 10251 -6611 3 De Brauw Blackstone Westbroek 7710 13 1159 56523 4 Clifford Chance 7035 5 7098 -0943 5 KPMG Abogados 6700 1 138 4755- 6 Zulficar amp Partners 6403 1 - -

46 7 White amp Case 5328 4 131 3967- 8 Skadden Arps Slate Meagher amp

Flom 4686 3 - -

22 9 Baker amp McKenzie 4404 5 508 76696 10 Sullivan amp Cromwell 4252 3 6843 -38- 11= Gernandt amp Danielsson 3109 1 - -- 11= Roschier 3109 1 - -- 13 Nixon Peabody 2900 1 - -- 14 Shearman amp Sterling 2794 3 - -- 15 Anderson Mori amp Tomotsune 2792 2 - -

Legal Advisors to French MampA VolumeRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change

5 1 Linklaters 1183 10 7 335 2 PwC legal 270 7 3 411 3 Gide Loyrette Nouel 145 7 6 110 4 SJ Berwin 1088 6 6 04 5 Jones Day 998 6 7 -12 6 Hogan Lovells 102 5 8 -3

124 7 Hide Puylajarde Mahieux Libaud 6 5 1 418 8 Bredin Prat 1694 4 4 020 9 Willkie Farr amp Gallagher 803 4 4 01 10 Baker amp McKenzie 687 4 9 -519 11 Loyens amp Loeff 647 4 4 07 12 De Pardieu Brocas Maffei 603 4 7 -321 13 Mayer Brown 310 4 4 041 14 Ashurst 278 4 2 228 15 SALANS 268 4 3 1

Legal Advisors to French MampA ValueRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change

23 1 Freshfields Bruckhaus Deringer 2476 3 579 3276150 2 Shearman amp Sterling 2459 3 - -2 3 Bredin Prat 1694 4 2575 -34238 4 Cravath Swaine amp Moore 1694 1 405 318315 5 Linklaters 1183 10 1006 17616 6 SJ Berwin 1088 6 936 16261 7 Debevoise amp Plimpton 1007 2 111 80728 8 Jones Day 998 6 1156 -137- 9 Olswang 917 3 - -

10 10 Willkie Farr amp Gallagher 803 4 1030 -2243 11= Schoenherr Rechtsanwaelte 765 1 319 1398- 11= Smiths Law 765 1 - -- 11= Wardynski and Partners 765 1 - -9 14 Baker amp McKenzie 687 4 1103 -377- 15= SCP Benichou Rontchevsky 662 1 - -

157 15= Sullivan amp Cromwell 662 1 - -



Legal Advisors to Spanish MampA VolumeRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change

6 1 Uria Menendez 1332 10 4 61 2 Cuatrecasas Goncalves Pereira 1034 9 12 -32 3 Garrigues 135 6 10 -48 4= Clifford Chance 6777 4 3 114 4= KPMG Abogados 6777 4 2 216 6 Gomez-Acebo amp Pombo Abogados 414 4 2 23 7 Linklaters 8048 3 8 -5

39 8 Freshfields Bruckhaus Deringer 1093 3 1 2- 9 Sullivan amp Cromwell 2000 2 - -- 10 CMS 366 2 - -- 11 Hogan Lovells 338 2 - -- 12 PEREZ-LLORCA 208 2 - -

61 13 Osborne Clarke 48 2 1 1- 14= Cleary Gottlieb Steen amp Hamilton 2000 1 - -- 14= Prieto amp Cia 2000 1 - -

63 14= Skadden Arps Slate Meagher amp Flom

2000 1 1 0

Legal Advisors to Spanish MampA ValueRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change

10 1 Linklaters 8048 3 838 860416 2= Clifford Chance 6777 4 395 161622 2= KPMG Abogados 6777 4 119 5595- 4 Sullivan amp Cromwell 2000 2 - -- 5= Cleary Gottlieb Steen amp Hamilton 2000 1 - -- 5= Prieto amp Cia 2000 1 - -


2000 1 - -

3 8 Uria Menendez 1332 10 1520 -12438 9 Freshfields Bruckhaus Deringer 1093 3 15 71872 10 Cuatrecasas Goncalves Pereira 1034 9 1553 -334- 11 Pinsent Masons 587 1 - -

36 12 Gomez-Acebo amp Pombo Abogados 414 4 16 2488- 13 CMS 366 2 - -- 14 Hogan Lovells 338 2 - -

53 15= Herbert Smith Freehills 271 1 - -- 15= Slaughter and May 271 1 - -

Legal Advisors to Iberian MampA VolumeRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change

4 1 Uria Menendez 1455 12 6 61 2 Cuatrecasas Goncalves Pereira 1157 11 15 -43 3 Garrigues 135 6 10 -42 4 Linklaters 8048 4 11 -710 5= Clifford Chance 6777 4 3 119 5= KPMG Abogados 6777 4 2 211 7 Gomez-Acebo amp Pombo Abogados 414 4 3 1

54 8 Freshfields Bruckhaus Deringer 1093 3 1 2- 9 Sullivan amp Cromwell 2000 2 - -- 10 Slaughter and May 394 2 - -- 11 CMS 366 2 - -- 12 Hogan Lovells 338 2 - -- 13 PEREZ-LLORCA 208 2 - -

76 14 Osborne Clarke 48 2 1 115 15 PLMJ - Sociedade de Advogados - 2 2 0

Legal Advisors to Iberian MampA ValueRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



2000 1 - -

4 8 Uria Menendez 1455 12 5716 -74513 9 Cuatrecasas Goncalves Pereira 1157 11 2841 -5953 10 Freshfields Bruckhaus Deringer 1093 3 15 7187- 11 Pinsent Masons 587 1 - -

31 12 Gomez-Acebo amp Pombo Abogados 414 4 288 438- 13 Slaughter and May 394 2 - -- 14 CMS 366 2 - -- 15 Hogan Lovells 338 2 - -



Legal Advisors to Swedish MampA VolumeRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change

1 1 Mannheimer Swartling 6075 11 13 -22 2 Vinge 1708 11 12 -113 3 Roschier 4005 6 3 34 4 Advokatfirman Lindahl 82 6 7 -17 5 Delphi 160 5 5 05 6 White amp Case 3550 4 6 -23 7 Hannes Snellman 1865 4 7 -335 8 Plesner 363 3 1 26 9 Wistrand 7 3 6 -321 10 Gernandt amp Danielsson 3405 2 2 059 11 Dittmar amp Indrenius 482 2 1 111 12 Cederquist 363 2 4 -2- 13 OMelveny amp Myers 300 2 - -

26 14 Linklaters 217 2 2 0- 15 SJ Berwin 128 2 - -

Legal Advisors to Swedish MampA ValueRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change

23 1 Mannheimer Swartling 6075 11 97 61635 2 Roschier 4005 6 2398 6728 3 White amp Case 3550 4 54 6474- 4 Davis Polk amp Wardwell 3550 1 - -4 5 Gernandt amp Danielsson 3405 2 2407 41557 6 De Brauw Blackstone Westbroek 3109 1 - -15 7 Hannes Snellman 1865 4 248 65211 8 Vinge 1708 11 390 3379- 9= Stikeman Elliott 774 1 - -- 9= Weil Gotshal amp Manges 774 1 - -

59 11 Dittmar amp Indrenius 482 2 - -16 12 Plesner 363 3 223 62817 13 Cederquist 363 2 215 68841 14 Schjodt 363 1 15 2320- 15= Clayton Utz 347 1 - -7 15= Clifford Chance 347 1 2353 -8531 15= Freshfields Bruckhaus Deringer 347 1 4897 -92912 15= Kromann Reumert 347 1 294 18- 15= Simpson Grierson 347 1 - -

Legal Advisors to Nordic MampA VolumeRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change

5 1 Mannheimer Swartling 6075 11 13 -223 2 Roschier 4047 11 5 64 3 Vinge 1708 11 13 -229 4 Moalem Weitemeyer Bendtsen 164 9 4 59 5 Wiersholm 3289 7 10 -31 6 Schjodt 573 7 16 -96 7 Plesner 363 7 11 -410 8= Accura 180 7 9 -296 8= Bruun amp Hjejle 180 7 1 611 10 Advokatfirman Lindahl 82 7 9 -213 11 Wikborg Rein amp Co 80 7 8 -12 12 Bech-Bruun - 7 13 -63 13 Hannes Snellman 1865 6 13 -78 14 Kromann Reumert 347 6 10 -428 15 Avance Attorneys 165 5 4 1

Legal Advisors to Nordic MampA ValueRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change

48 1 Mannheimer Swartling 6075 11 97 602813 2 Roschier 4047 11 2612 549- 3 Davis Polk amp Wardwell 3875 2 - -2 4 Clifford Chance 3568 3 5472 -3488 5 White amp Case 3550 4 3173 11914 6 Gernandt amp Danielsson 3405 2 2407 41540 7 Wiersholm 3289 7 192 16131 8 Freshfields Bruckhaus Deringer 3247 2 8016 -595

101 9 De Brauw Blackstone Westbroek 3109 1 - -- 10 Abdullah Chan 2900 1 - -6 11 Hannes Snellman 1865 6 3848 -51531 12 Vinge 1708 11 390 3379- 13 Weil Gotshal amp Manges 816 2 - -- 14 Stikeman Elliott 774 1 - -- 15 Jun He Law Offices 600 1 - -


Europe Legal Advisor League Table Q1 2013Legal Advisors to Italian MampA Volume

Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount

Change2 1 dUrso Gatti e Bianchi - Studio Legale

Associato6183 7 9 -2

3 2 Bonelli Erede Pappalardo 7785 5 7 -29 3 Clifford Chance 79 5 3 2

4 4 Gianni Origoni Grippo Cappelli amp Partners

10334 4 6 -2

1 5 Chiomenti Studio Legale 5458 4 11 -716 6 Studio Pedersoli e Associati 144 4 2 220 7 Orrick Herrington amp Sutcliffe - 4 2 237 8 Legance Studio Legale Associato 3970 3 1 2- 9 Hogan Lovells 53 3 - -- 10 La Torre Morgese Cesagravero Rio 5 3 - -

Legal Advisors to Italian MampA ValueRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


10334 4 2115 3886

1 2 Bonelli Erede Pappalardo 7785 5 4506 7282 3 dUrso Gatti e Bianchi - Studio

Legale Associato6183 7 4389 409

5 4 Chiomenti Studio Legale 5458 4 3583 523

39 5 Linklaters 4210 2 175 2306- 6 Herbert Smith Freehills 4210 1 - -

27 7 Legance Studio Legale Associato 3970 3 313 1168- 8 Studio Legale Carbonetti 3970 1 - -- 9 Kirkland amp Ellis 2976 1 - -- 10 Giliberti Pappalettera Triscornia e

Associati2134 1 - -

Legal Advisors to CEE MampA VolumeRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change

8 1 White amp Case 9123 8 4 43 2 Allen amp Overy 1875 7 6 14 3 CMS 335 7 5 27 4 Hogan Lovells 1594 4 4 021 5 Weil Gotshal amp Manges 262 4 2 277 6 Weinhold Legal 20 4 1 32 7 Linklaters 5667 3 7 -460 8 Freshfields Bruckhaus Deringer 3580 3 1 2- 9 De Brauw Blackstone Westbroek 3520 3 - -

10 10 Raidla Lejins amp Norcous 1032 3 4 -116 11 Kinstellar 2087 2 3 -1- 12= Bonelli Erede Pappalardo 1786 2 - -


1786 2 2 0

31 14 Liniya Prava 683 2 1 135 15 Squire Sanders 29 2 1 1

Legal Advisors to CEE MampA ValueRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change

25 1 White amp Case 9123 8 50 18146- 2 Zulficar amp Partners 6403 1 - -

38 3 Linklaters 5667 3 10 56570

63 4 Herbert Smith Freehills 3616 1 - -60 5 Freshfields Bruckhaus Deringer 3580 3 - -- 6= Davis Polk amp Wardwell 3550 1 - -- 6= Mannheimer Swartling 3550 1 - -- 8 De Brauw Blackstone Westbroek 3520 3 - -

12 9 Baker amp McKenzie 3467 1 498 596229 10 Kinstellar 2087 2 33 62247 11 Allen amp Overy 1875 7 1018 84- 12= Bonelli Erede Pappalardo 1786 2 - -


1786 2 213 738

- 14 Clyde amp Co 1770 1 - -- 15 Bredin Prat 1734 1 - -


US Overview for Q1 2013 bull US MampA in Q1 2013 (US$ 1724bn) overtook Q1 2012 (US$125bn) by 38

bull Davis Polk amp Wardwell displaced Sullivan amp Cromwell and now leads the advisor table by deal value coming up from tenth

0

200

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1400

0

100

200

300

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600

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals

US Q1 2013 Trend Comparison Quarterly MampA Trend Breakdown

bull The US market looks optimistic amid the Dow Jones breaking records and mega-deals sparking hope for MampA resurgence With a total value of US$ 1724bn from 727 deals Q1 surpassed the deal value for Q1 2012 (US$ 125bn 922 deals) by 38

bull The quarter was 438 down by deal value compared to Q4 2012 (US$ 3069bn 1103 deals) but this was the strongest quarter of 2012

bull There were three transactions over US$ 5bn with a combined value of US$ 658bn In comparison Q1 2012 had three of such transactions with just under half of that deal value (US$ 242bn)

13448

7511

6876 7196

8177 8350

450

4

228

5

775

204

6

242

7

178

8

306

9

3610

1445 1989

1460

2471

1250 1724

0

200

400

600

800

1000

1200

1400

1600

2007 2008 2009 2010 2011 2012 Q1 2013

Val

ue o

f Dea

ls (U

S$b

n)



US Industry amp Geography analysis for Q1 2013

62

67

261

54 174

50

89

122

116 05

27

221

162

56 104

19 17

67

289

38











0

25

50

75

100

125

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225

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275

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325

0

10

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f Dea

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S$bn

)



bull Comcastrsquos acquisition of NBCUniversal Media for US$ 167bn was responsible for an upsurge in technology media and telecommunications (TMT) activity in the US this quarter TMT transactions in the US totalled US$ 498bn in Q1 2013 compared to US$ 145bn last year

bull In Q1 2013 the dominant un-consolidated sector was consumer with a 222 market share by deal value (US$ 382bn 63 deals)

bull The Heinz deal resulted in this sector surpassing Q1 2012rsquos 68 market share (US$ 84bn 85 deals) and also the previous leading sector energy mining amp utilities which had a 261 market share in Q1 2012 (US$ 326bn 71 deals)

bull Outbound investments from the US into the rest of the world increased by deal value from US$ 27bn in the same period of 2012 to US$ 502bn in Q1 2013 following the Virgin Media deal

bull Asia is becoming more of a target for US companies Investment into Asia from the US in Q1 2013 increased to US$ 63bn from US$ 23bn in Q4 2012 up 174

bull Outbound deals were slightly steadier in the first quarter of 2013 from Q4 2012 compared to inbound deals Outbound deals were down 223 (Q4 2012 valued at US$ 645bn from 257 deals) whereas inbound cross-border transactions (US$ 154bn 124 deals) were down 81 This inbound activity was the lowest level seen in four years (Q4 2008 US$ 154bn)

Quarterly Cross-Border US MampA



US Top Deals in Q1 2013Announced




Value (US$m)





amp Katz Advising FA Willkie Farr amp Gallagher

OMelveny amp Myers Sullivan amp Cromwell

27362


investor)




Manges

20169


Gallagher







4905



Advising FA White amp Case



4180


Vinson amp Elkins


4093

22-Jan-13 Cole Credit Property Trust II Goodwin Procter Ropes amp Gray

Spirit Realty Capital Inc Latham amp Watkins 3857

08-Mar-13 Kohlberg Kravis Roberts amp Co LP

Simpson Thacher amp Bartlett Gardner Denver Inc Skadden Arps Slate Meagher amp Flom Advising

FA Sullivan amp Cromwell

3850

21-Mar-13 Energy Transfer Partners LP

Morris Nichols Arsht amp Tunnell Vinson amp Elkins

ETP Holdco Corporation (60 Stake)

Advising seller Latham amp Watkins Potter

Anderson amp Corroon

Energy Transfer Equity LP

3750

10-Jan-13 Cerberus Capital Management LP Kimco

Realty Corporation Klaff Realty LP Lubert-

Adler Partners LP Schottenstein Real

Estate Group

Fried Frank Harris Shriver amp Jacobson Schulte Roth amp Zabel

Star Markets Company Inc Shaws

Supermarkets Inc Jewel-Osco stores (SuperValu) Acme Fresh Markets and

SuperValu (Albertsons stores)

Advising seller Cleary Gottlieb Steen amp

Hamilton (Advising Goldman Sachs)

Wachtell Lipton Rosen amp Katz Advising FA

Davis Polk amp Wardwell

SuperValu Inc 3300


Americas Legal Advisor League Table Q1 2013League Table of Legal Advisors to Americas MampA Volume

Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount

Change1 1 Kirkland amp Ellis 38847 49 62 -132 2 Jones Day 17064 41 54 -133 3 Latham amp Watkins 48912 36 53 -174 4 DLA Piper 1413 35 51 -166 5 Skadden Arps Slate Meagher amp

Flom 25262 33 32 1

53 6 OMelveny amp Myers 57936 28 12 1612 7 Blake Cassels amp Graydon 25500 25 27 -218 8 Davis Polk amp Wardwell 75579 23 21 25 9 Weil Gotshal amp Manges 49621 21 33 -12

25 10 White amp Case 33669 21 19 27 11 Stikeman Elliott 4810 21 30 -910 12 Sullivan amp Cromwell 50161 20 29 -935 13 Osler Hoskin amp Harcourt 2848 20 16 464 14 Akin Gump Strauss Hauer amp Feld 8640 19 10 959 15 Wachtell Lipton Rosen amp Katz 69718 16 10 614 16 Vinson amp Elkins 14116 16 24 -826 17 Freshfields Bruckhaus Deringer 48207 15 18 -328 18 Hogan Lovells 44149 15 18 -311 19 Wilson Sonsini Goodrich amp Rosati 1996 15 28 -1333 20 Ropes amp Gray 30487 14 17 -3

League Table of Legal Advisors to Americas MampA ValueRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change

10 1 Davis Polk amp Wardwell 75579 23 20626 266429 2 Wachtell Lipton Rosen amp Katz 69718 16 11246 519984 3 OMelveny amp Myers 57936 28 2813 19602 4 Sullivan amp Cromwell 50161 20 35526 4126 5 Weil Gotshal amp Manges 49621 21 27109 830

18 6 Latham amp Watkins 48912 36 15729 211011 7 Freshfields Bruckhaus Deringer 48207 15 20595 134123 8 Willkie Farr amp Gallagher 44996 12 13092 243754 9 Hogan Lovells 44149 15 5693 67554 10 Kirkland amp Ellis 38847 49 27190 42938 11 White amp Case 33669 21 8191 311012 12 Shearman amp Sterling 31632 12 20527 54189 13 Ropes amp Gray 30487 14 2536 1102378 14 Munger Tolles amp Olson 27362 1 13 210377

3 15 Simpson Thacher amp Bartlett 27274 13 30956 -11936 16 Cravath Swaine amp Moore 27217 8 8955 203920 17 Clifford Chance 26869 6 14586 84239 18 Fried Frank Harris Shriver amp

Jacobson 25912 10 8098 2200

27 19 Blake Cassels amp Graydon 25500 25 11492 12191 20 Skadden Arps Slate Meagher amp

Flom 25262 33 36614 -310


Americas Legal Advisor League Table Q1 2013League Table of Legal Advisors to US MampA Volume

Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 24877 31 23 8

42 6 OMelveny amp Myers 57668 27 12 1518 7 Davis Polk amp Wardwell 75579 23 19 45 8 Weil Gotshal amp Manges 49621 21 33 -127 9 Sullivan amp Cromwell 48061 19 28 -923 10 White amp Case 31500 17 16 156 11 Akin Gump Strauss Hauer amp Feld 8289 17 9 850 12 Wachtell Lipton Rosen amp Katz 69718 16 10 610 13 Vinson amp Elkins 14116 16 24 -833 14 Stikeman Elliott 2527 15 14 120 15 Hogan Lovells 44128 14 18 -421 16 Ropes amp Gray 30487 14 17 -313 17 Goodwin Procter 5439 14 24 -1055 18 Andrews Kurth 3654 14 9 5

8 19 Wilson Sonsini Goodrich amp Rosati 1728 14 28 -1419 20 Freshfields Bruckhaus Deringer 48207 13 18 -5

League Table of Legal Advisors to US MampA ValueRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change

10 1 Davis Polk amp Wardwell 75579 23 18166 316022 2 Wachtell Lipton Rosen amp Katz 69718 16 11246 519962 3 OMelveny amp Myers 57668 27 2813 19504 4 Weil Gotshal amp Manges 49621 21 27109 83014 5 Latham amp Watkins 48912 36 15729 21108 6 Freshfields Bruckhaus Deringer 48207 13 20595 13411 7 Sullivan amp Cromwell 48061 19 32318 48719 8 Willkie Farr amp Gallagher 44996 12 13092 243736 9 Hogan Lovells 44128 14 5693 67513 10 Kirkland amp Ellis 38847 49 27190 42948 11 White amp Case 31500 17 3856 716968 12 Ropes amp Gray 30487 14 2536 110216 13 Shearman amp Sterling 30449 10 13343 1282310 14 Munger Tolles amp Olson 27362 1 13 210377

5 15 Simpson Thacher amp Bartlett 27274 13 25772 5825 16 Cravath Swaine amp Moore 27217 8 8955 203927 17 Fried Frank Harris Shriver amp

Jacobson 25829 9 8098 2190


24877 31 29256 -150

23 19 Debevoise amp Plimpton 23491 6 11245 1089101 20 Milbank Tweed Hadley amp McCloy 22100 3 1074 1958


Americas Legal Advisor League Table Q1 2013League Table of Legal Advisors to US Buyouts MampA Volume

Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount

Change1 1 Kirkland amp Ellis 27492 14 20 -611 2 Simpson Thacher amp Bartlett 20274 4 3 112 3 Skadden Arps Slate Meagher amp

Flom 559 4 3 1

3 4 Weil Gotshal amp Manges 100 4 5 -1- 5 Sidley Austin 1053 3 - -

26 6= Bingham McCutchen - 3 2 129 6= DLA Piper - 3 2 18 6= Ropes amp Gray - 3 4 -127 6= Winston amp Strawn - 3 2 1- 10 White amp Case 20169 2 - -

League Table of Legal Advisors to US Buyouts MampA ValueRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change

10 1 Kirkland amp Ellis 27492 14 1172 2246- 2= Freshfields Bruckhaus Deringer 27362 1 - -- 2= Munger Tolles amp Olson 27362 1 - -5 4 Simpson Thacher amp Bartlett 20274 4 4937 311- 5 White amp Case 20169 2 - -

38 6= Blake Cassels amp Graydon 20169 1 8 8057633 6= Clifford Chance 20169 1 25 252013

- 6= Maples amp Calder 20169 1 - -

12 6= Wachtell Lipton Rosen amp Katz 20169 1 1050 182144 10 Schulte Roth amp Zabel 3300 1 - -



Americas Legal Advisor League Table Q1 2013

Legal Advisors to Central amp South America MampA VolumeRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change

8 1 Barbosa Mussnich amp Aragao 1296 7 6 114 2 White amp Case 3268 6 4 21 3 Pinheiro Neto Advogados 428 6 17 -112 4 Machado Meyer Sendacz e Opice 117 6 12 -64 5 Souza Cescon Barrieu amp Flesch

Advogados743 5 8 -3

3 6 Mattos Filho Veiga Filho Marrey Jr e Quiroga Advogados

354 5 10 -5

- 7 Sullivan amp Cromwell 7000 4 - -13 8 Skadden Arps Slate Meagher amp

Flom 5017 4 4 0

11 9 Baker amp McKenzie 4092 4 5 -19 10 Jones Day 533 4 5 -115 11 Linklaters 2349 3 4 -116 12 Veirano Advogados 375 3 4 -1- 13 Xavier Braganca Advogados 172 3 - -

22 14 Demarest e Almeida 109 3 3 027 15 Rodrigo Elias amp Medrano 51 3 3 0

Legal Advisors to Central amp South America MampA ValueRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 5017 4 5870 -145

23 3 Baker amp McKenzie 4092 4 1023 3007 4 White amp Case 3268 6 4435 -263- 5 Nixon Peabody 2900 1 - -

17 6 Linklaters 2349 3 1787 31- 7 Cleary Gottlieb Steen amp Hamilton 2198 2 - -

26 8= Arias Fabrega amp Fabrega 2100 1 970 116- 8= Tapia Linares amp Alfaro 2100 1 - -- 10 Prieto amp Cia 2000 2 - -

16 11 Barbosa Mussnich amp Aragao 1296 7 1907 -32- 12 Advokatfirmaet BA-HR 1024 2 - -

13 13 Lefosse Advogados 1002 2 3414 -70714 14 Souza Cescon Barrieu amp Flesch

Advogados743 5 2788 -734

- 15 David Lim amp Partners 735 1 - -

Legal Advisors to Canadian MampA VolumeRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change

2 1 Blake Cassels amp Graydon 5331 23 25 -21 2 Stikeman Elliott 4680 19 29 -106 3 Osler Hoskin amp Harcourt 2298 19 15 410 4 Torys 3469 10 8 23 5 Gowling Lafleur Henderson 438 9 19 -1025 6 Cassels Brock amp Blackwell 5463 6 4 25 7 McCarthy Tetrault 3049 6 17 -117 8 Norton Rose 2005 6 11 -517 9 Borden Ladner Gervais 318 6 5 124 10 Heenan Blaikie 30 6 4 2

23 11 Davies Ward Phillips amp Vineberg 799 4 4 0123 12 McMillan 563 4 1 34 13 Fasken Martineau Dumoulin 330 4 18 -1412 14 Skadden Arps Slate Meagher amp Flom 2197 3 7 -415 15 Latham amp Watkins 1098 3 5 -2

Legal Advisors to Canadian MampA ValueRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change

45 1 Cassels Brock amp Blackwell 5463 6 577 84684 2 Blake Cassels amp Graydon 5331 23 11361 -5311 3 Stikeman Elliott 4680 19 17153 -7277 4 Torys 3469 10 9225 -6243 5 McCarthy Tetrault 3049 6 14638 -7928 6 Linklaters 2788 2 8683 -67925 7 White amp Case 2610 2 1924 35771 8 Allen amp Overy 2489 2 110 216315 9 Osler Hoskin amp Harcourt 2298 19 5448 -57824 10 Skadden Arps Slate Meagher amp

Flom 2197 3 1943 131

46 11 Herbert Smith Freehills 2114 2 542 290- 12 Kinstellar 2051 1 - -

12 13 Norton Rose 2005 6 6648 -69897 14= AampL Goodbody 1739 1 - -- 14= Arthur Cox 1739 1 - -- 14= Matheson 1739 1 - -



Legal Advisors to US Mid-West MampA VolumeRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change

1 1 Kirkland amp Ellis 33530 17 23 -62 2 Jones Day 3405 12 18 -631 3 Davis Polk amp Wardwell 34962 8 4 49 4 Sullivan amp Cromwell 34391 8 8 054 5 Wachtell Lipton Rosen amp Katz 36500 7 2 512 6 Skadden Arps Slate Meagher amp

Flom 7312 7 7 0

17 7 Sidley Austin 883 7 6 17 8 Latham amp Watkins 3451 6 9 -33 9 DLA Piper 71 6 15 -927 10 Cravath Swaine amp Moore 4459 5 4 195 11 Akin Gump Strauss Hauer amp Feld 915 5 1 466 12 Faegre Baker Daniels 820 5 2 333 13 Winston amp Strawn 100 5 4 14 14 Mayer Brown 4200 4 11 -714 15 Paul Weiss Rifkind Wharton amp

Garrison 3568 4 6 -2

Legal Advisors to US Mid-West MampA ValueRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change

20 1 Wachtell Lipton Rosen amp Katz 36500 7 3994 813919 2 Davis Polk amp Wardwell 34962 8 4177 73711 3 Sullivan amp Cromwell 34391 8 5576 5175 4 Kirkland amp Ellis 33530 17 8271 30549 5 Freshfields Bruckhaus Deringer 29747 3 5809 4121

124 6 OMelveny amp Myers 27616 3 16 172500

91 7 Willkie Farr amp Gallagher 27522 2 92 29815

- 8 Munger Tolles amp Olson 27362 1 - -2 9 Skadden Arps Slate Meagher amp

Flom 7312 7 11351 -356

23 10 Cleary Gottlieb Steen amp Hamilton 5341 3 2573 10763 11 Simpson Thacher amp Bartlett 4814 3 11036 -5647 12 Cravath Swaine amp Moore 4459 5 7073 -3754 13 Mayer Brown 4200 4 621 57636 14 Paul Weiss Rifkind Wharton amp

Garrison 3568 4 7102 -498

15 15 Latham amp Watkins 3451 6 5219 -34

Legal Advisors to US North East MampA VolumeRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change

1 1 Kirkland amp Ellis 34836 28 34 -63 2 Jones Day 6415 19 25 -610 3 Skadden Arps Slate Meagher amp Flom 15767 16 12 417 4 Davis Polk amp Wardwell 70685 14 10 42 5 Latham amp Watkins 9564 14 26 -128 6 Sullivan amp Cromwell 45135 12 13 -14 7 Weil Gotshal amp Manges 39254 12 24 -1238 8 OMelveny amp Myers 28586 11 6 56 9 Goodwin Procter 1582 11 16 -57 10 Ropes amp Gray 4518 10 14 -422 11 Willkie Farr amp Gallagher 44570 9 8 114 12 Simpson Thacher amp Bartlett 26279 9 10 -112 13 DLA Piper 645 9 12 -367 14 Wachtell Lipton Rosen amp Katz 58132 8 3 511 15 Freshfields Bruckhaus Deringer 45488 8 12 -4

Legal Advisors to US North East MampA ValueRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change

19 1 Davis Polk amp Wardwell 70685 14 5845 110927 2 Wachtell Lipton Rosen amp Katz 58132 8 3976 136210 3 Freshfields Bruckhaus Deringer 45488 13 9403 383817 4 Sullivan amp Cromwell 45135 8 6693 57447 5 Willkie Farr amp Gallagher 44570 12 11000 30521 6 Weil Gotshal amp Manges 39254 12 25407 54511 7 Kirkland amp Ellis 34836 28 8914 290843 8 OMelveny amp Myers 28586 11 2181 1211- 9 Munger Tolles amp Olson 27362 1 - -2 10 Simpson Thacher amp Bartlett 26279 9 23771 10635 11 White amp Case 24955 8 3052 71778 12 Debevoise amp Plimpton 23491 6 10907 1154

155 13 Hogan Lovells 22159 7 51 43349

- 14 Maples amp Calder 20419 3 - -136 15 Blake Cassels amp Graydon 20346 3 131 15431



Legal Advisors to US South MampA VolumeRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change

1 1 Kirkland amp Ellis 2090 21 30 -92 2 Vinson amp Elkins 14401 16 22 -65 3 Latham amp Watkins 16445 15 17 -23 4 Jones Day 11716 15 18 -34 5 DLA Piper 120 14 18 -456 6 Akin Gump Strauss Hauer amp Feld 8115 13 3 1023 7 Andrews Kurth 3654 13 7 642 8 Wachtell Lipton Rosen amp Katz 32168 9 4 515 9 Skadden Arps Slate Meagher amp

Flom 7234 9 9 0

6 10 Bracewell amp Giuliani 9052 8 13 -525 11 Davis Polk amp Wardwell 23588 7 6 147 12 KampL Gates 6069 7 4 310 13 Sullivan amp Cromwell 4578 7 10 -349 14 Sidley Austin 2309 7 4 322 15 Paul Weiss Rifkind Wharton amp

Garrison 1847 7 7 0

Legal Advisors to US South MampA ValueRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change

29 1 Wachtell Lipton Rosen amp Katz 32168 9 2805 104710 2 Weil Gotshal amp Manges 29497 5 9236 2194114 3 White amp Case 25687 6 100 25587

20 4 Davis Polk amp Wardwell 23588 7 5426 334735 5 Simpson Thacher amp Bartlett 21254 6 2401 7852174 6 Blake Cassels amp Graydon 20561 4 - -21 7 Hogan Lovells 20428 5 5408 277726 8 Alston amp Bird 20400 2 4250 38011 9= Clifford Chance 20169 1 8882 1271

9 9= Debevoise amp Plimpton 20169 1 9923 1033- 9= Maples amp Calder 20169 1 - -

33 12 Latham amp Watkins 16445 15 2433 57591 13 Vinson amp Elkins 14407 16 16915 -1496 14 Jones Day 11716 15 10981 675 15 Bracewell amp Giuliani 9052 8 11838 -235

Legal Advisors to US West MampA VolumeRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change

2 1 Latham amp Watkins 38694 20 26 -61 2 Kirkland amp Ellis 4055 20 26 -64 3 DLA Piper 887 20 20 019 4 OMelveny amp Myers 29308 18 8 103 5 Wilson Sonsini Goodrich amp Rosati 1728 14 23 -910 6 Skadden Arps Slate Meagher amp Flom 8553 13 11 2

6 7 Jones Day 8317 13 15 -27 8 Gibson Dunn amp Crutcher 2440 10 13 -316 9 Weil Gotshal amp Manges 7044 8 9 -114 10 Paul Hastings 5088 8 10 -2

12 11 Davis Polk amp Wardwell 5143 7 10 -349 12 Stikeman Elliott 981 7 3 48 13 Fenwick amp West 634 7 13 -622 14 Ropes amp Gray 26251 6 7 -133 15 Hogan Lovells 21940 6 5 1

Legal Advisors to US West MampA ValueRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change

13 1 Latham amp Watkins 38694 20 7802 395955 2 OMelveny amp Myers 29308 18 669 42816 3 Shearman amp Sterling 27079 4 12843 110832 4 Ropes amp Gray 26251 6 1753 1398- 5 Cravath Swaine amp Moore 22758 3 - -- 6 Fried Frank Harris Shriver amp


- 7 Milbank Tweed Hadley amp McCloy 22100 3 - -85 8 Hogan Lovells 21940 6 323 66926

26 9 Wachtell Lipton Rosen amp Katz 10016 5 2978 23631 10 Skadden Arps Slate Meagher amp

Flom 8553 13 17488 -51

20 11 Jones Day 8317 13 4839 7192 12 Weil Gotshal amp Manges 7044 8 13918 -494

112 13 KampL Gates 5562 6 62 887172 14 Vinson amp Elkins 5533 4 436 116912 15 Davis Polk amp Wardwell 5143 7 9089 -434


Asia-Pacific (exclJapan) Overview for Q1 2013 bull Inbound deals are ahead of Q1 2012 with deals valued at US$ 131bn

bull King amp Wood Mallesons (US$ 108bn) was lead advisor in Asia-Pacific (excl Japan) and Kim amp Chang (US$ 61bn) entered into fifth position from 27th in Q1 2012

0

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160

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals

Asia-Pacific Q1 2013 Trend Comparison Quarterly MampA Trend Breakdown

bull MampA in Asia-Pacific (excl Japan) got off to a slow start in 2013 with 453 deals worth US$ 645bn 23 below the deal value seen in the same period of 2012 (US$ 838bn 484 deals)

bull Q1 for Asia-Pacific (excl Japan) MampA was the slowest in four years since Q1 2009 (US$ 458bn)

bull Total value tumbled 27 from US$ 884bn (632 deals) in Q4 2012 giving little confidence for investors in the region going forward

bull The biggest transaction of the quarter was in the energy sector - SapuraKencana Petroleum acquired the tender rigs business of Seadrill The cross-border deal between Malaysia and Singapore was valued at US$ 29bn Malaysia also saw the second-biggest deal where Petroliam Nasional made an offer for the remaining shares in MISC for US$ 29bn

3427 3474

2945

3625 3582 3589

141

0

918

902

105

9

132

0

739

884

851 747

458

666

897 838

645

0

50

100

150

200

250

300

350

400

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)



Asia-Pacific (exclJapan) Industry amp Geography analysis for Q1 2013

46

39

346

195

168

43

35 20

93 14

26

113

299

81

186

40

50

16

96

93











0

25

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75

100

125

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175

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ls (U

S$bn

)



bull Once again energy mining amp utilities played the largest part in deal making with US$ 193bn-worth of deals accounting for 298 of all Asia-Pacific (excl Japan) targeted MampA

bull China (US$ 109bn) and Singapore (US$ 34bn) were the main targets in the energy mining and utilities sector while Australia saw only eleven deals worth US$ 973m

bull There was a decline in deal value in all but three sectors compared to Q1 2012 with the notable exceptions of the transport and consumer sectors which saw increases of 389 and 119 respectively The transport sector featured the US$ 29bn offer of MISC The consumer sector featured a deal worth US$ 1bn where US TPG Capital acquired Australian Ingham Enterprises

bull Inbound deals into Asia-Pacific were up from US$ 95bn (121 deals) in Q1 2012 to US$ 131bn (122 deals) in Q1 2013 but were down compared to US$ 176bn (135 deals) in the last quarter of 2012

bull Outbound activity saw a decline in momentum a second consecutive quarterly decrease brought deal value down 13 to US$ 17bn (68 deals) from Q4 (US$ 196bn 88 deals) It was however slightly above a full Q1 2012 (US$ 165bn 83 deals)

bull China remained the most attractive target (inbound and domestic) in Asia-Pacific (excl Japan) MampA with 142 deals worth US$ 263bn although the value of Chinese MampA was down by 263 compared to the same period last year

bull Singapore was one of the major countries in the region which saw increased activity compared to Q1 2012 with deals worth US$ 45bn up 522 from US$ 723m due to Asia-Pacificrsquos highest valued deal

Quarterly Cross-Border Asia-Pacific (excl Japan) MampA



Asia-Pacific (exclJapan) Top Deals in Q1 2013Announced


AdvisorTarget Company TargeSeller Legal


Value (US$m)

11-Feb-13 SapuraKencana Petroleum Berhad

Abdullah Chan Clifford Chance

Seadrill Ltd (Tender rigs business in Asia)

Advisng seller Freshfields Bruckhaus Deringer

Wiersholm

Seadrill Ltd 2900

31-Jan-13 Petroliam Nasional Berhad Zul Rafique amp Partners MISC Berhad (3733 Stake)

Adnan Sundra amp Low 2877

29-Mar-13 Sinopec International Petroleum EampP Hongkong

Overseas Limited

Caspian Investments Resources Ltd (50

Stake) Mansarovar Energy Colombia Ltd (50 Stake)

and Taihu limited (49 Stake)

Advising seller King amp Wood Mallesons Skadden Arps Slate Meagher amp Flom

China Petroleum amp Chemical Corporation

2559

05-Feb-13 Guangxi Guiguan Electric Power Co Ltd

Capital Law amp Partners LongTan Hydropower Development Co Ltd (85

Stake)

Guangxi Investment Group Co Ltd China Datang

Corporation and Guizhou Industrial Investment Co

Ltd

2485

30-Mar-13 Shanxi Top Energy Company Ltd

King amp Wood Mallesons Shanxi International Electricity Group Limited

Company (Coal Rail Trading and Mining business)

Shanxi International Electricity Group Limited

Company and Shanxi Xing Run Coke Co Ltd

1932

05-Mar-13 Wuhan Iron and Steel Company Ltd

King amp Wood Mallesons Linklaters

Wuhan Iron and Steel Group Mining Co Ltd

Wuhan Iron and Steel Corporation

1912

28-Jan-13 Hana Financial Group Kim amp Chang Lee amp Ko Korea Exchange Bank (40 Stake)

Shin amp Kim 1774

18-Mar-13 Shanxi Meijin Energy Co Ltd

Shanxi Meijin Group Dongyu Coal Mining Co Ltd Shanxi Fenxi Taiyue Coal Mining Holdings Co

Ltd (7996 Stake) Shanxi Meijin Coking Co Ltd

Tianjin Meijin International Trading Co Ltd and Meijin

Energy Group Dalian Co Ltd

Meijin Energy Group Co Ltd 1628

27-Feb-13 Mylan Inc Barbosa Mussnich amp Aragao Morgan Lewis amp

Bockius Platinum Partners Skadden Arps Slate

Meagher amp Flom Slaughter and May

Agila Specialties Private Limited and Agila

Specialties Asia Pte Limited

Advising seller DSK Legal Haynes and Boone Herbert Smith Freehills Pinheiro Neto Advogados

Strides Arcolab Limited 1600

21-Feb-13 Zhejiang Zheneng Electric Power Co LTd

Zhejiang Southeast Electric Power Company

Limited

1508


Asia-Pacific (exclJapan) Legal Advisor League Table Q1 2013League Table of Legal Advisors to Asia-Pacific (excl Japan) MampA Volume

Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount

Change4 1 King amp Wood Mallesons 10754 21 14 713 2 Linklaters 10664 17 9 87 3 Kim amp Chang 6074 15 14 12 4 Baker amp McKenzie 2176 13 22 -9

14 5 Minter Ellison 610 13 9 421 6 AZB amp Partners 510 13 7 66 7 Allen amp Overy 1688 12 14 -296 8 Shin amp Kim 2774 11 2 9

1 9 Herbert Smith Freehills 7941 10 22 -1229 10 Skadden Arps Slate Meagher amp

Flom 6477 9 5 4

30 11 Grandall Legal Group 1890 8 5 325 12 Bae Kim amp Lee 1117 8 6 216 13 DLA Piper 379 8 9 -160 14 Trilegal 188 8 3 519 15 Lee amp Ko 2890 7 8 -126 16 Norton Rose 1283 7 6 117 17 Allens 853 7 8 -120 18 Clayton Utz 648 7 7 09 19 Gilbert + Tobin 798 6 12 -6- 20 OMelveny amp Myers 653 6 - -

League Table of Legal Advisors to Asia-Pacific (excl Japan) MampA ValueRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Value (US$m)

ValChange

3 1 King amp Wood Mallesons 10754 21 11192 -3929 2 Linklaters 10664 17 1818 48666 3 Herbert Smith Freehills 7941 10 9562 -171 4 Skadden Arps Slate Meagher amp

Flom 6477 9 11871 -454

27 5 Kim amp Chang 6074 15 1868 225217 6 Freshfields Bruckhaus Deringer 4752 5 2645 8025 7 Clifford Chance 4319 4 2009 115- 8 Gianni Origoni Grippo Cappelli amp

Partners4210 1 - -

92 9 Mayer Brown 2981 3 272 996- 10= Abdullah Chan 2900 1 - -

- 10= Wiersholm 2900 1 - -50 12 Lee amp Ko 2890 7 744 288419 13 Slaughter and May 2884 3 2355 225- 14= Adnan Sundra amp Low 2877 1 - -- 14= Zul Rafique amp Partners 2877 1 - -

157 16 Shin amp Kim 2774 11 36 7607- 17 Capital Law amp Partners 2485 1 - -

31 18 Jun He Law Offices 2254 5 1694 33111 19 Baker amp McKenzie 2176 13 4490 -51510 20 Grandall Legal Group 1890 8 4984 -621


Asia-Pacific (exclJapan) Legal Advisor League Table Q1 2013League Table of Legal Advisors to Asia-Pacific (excl Japan) Buyouts MampA Volume

Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount

Change- 1 Kim amp Chang 1557 6 - -


809 3 1 2

- 3 Conyers Dill amp Pearman 624 3 - -

- 4 Shin amp Kim 375 3 - -

14 5 Allen amp Gledhill 250 2 1 12 6 Nishith Desai Associates 41 2 3 -13 7 Minter Ellison 14 2 2 0- 8 Amarchand amp Mangaldas amp Suresh

A Shroff amp Co6 2 - -

- 9 Herbert Smith Freehills 1027 1 - -- 10 Gunderson Dettmer Stough

Villeneuve Franklin amp Hachigian 654 1 - -

League Table of Legal Advisors to Asia-Pacific (excl Japan) Buyouts MampA ValueRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change

- 1 Kim amp Chang 1557 6 - -- 2 Herbert Smith Freehills 1027 1 - -


809 3 41 1873

- 4 Gunderson Dettmer Stough Villeneuve Franklin amp Hachigian

654 1 - -

- 5 Conyers Dill amp Pearman 624 3 - -- 6 Shin amp Kim 375 3 - -- 7 Clifford Chance 320 1 - -- 8= Han Yi Law Offices 319 1 - -

6 8= Kirkland amp Ellis 319 1 250 276- 8= Latham amp Watkins 319 1 - -



Asia-Pacific (exclJapan) Legal Advisor League Table Q1 2013

Legal Advisors to Australasian MampA VolumeRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change

3 1 Minter Ellison 610 13 9 44 2 King amp Wood Mallesons 1764 10 9 11 3 Herbert Smith Freehills 2131 7 17 -105 4 Allens 853 7 8 -16 5 Clayton Utz 648 7 7 02 6 Gilbert + Tobin 798 6 12 -618 7 Thomsons Lawyers 1106 5 3 210 8 Allen amp Overy 814 5 5 09 9 Chapman Tripp 161 5 6 -114 10 DLA Piper 66 5 4 113 11 Norton Rose 32 4 4 023 12 Linklaters 688 3 2 178 13 Russell McVeagh 488 3 1 28 14 Baker amp McKenzie 329 3 6 -363 15 Simpson Grierson 800 2 1 1

Legal Advisors to Australasian MampA ValueRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change

1 1 Herbert Smith Freehills 2131 7 9142 -76713 2 King amp Wood Mallesons 1764 10 1219 44736 3 Thomsons Lawyers 1106 5 86 11863 4 Allens 853 7 3216 -7359 5 Allen amp Overy 814 5 1852 -56062 6 Simpson Grierson 800 2 13 6054

7 7 Gilbert + Tobin 798 6 2281 -65030 8 Linklaters 688 3 113 5094 9 Clayton Utz 648 7 2780 -767- 10 Torys 647 1 - -

11 11 Minter Ellison 610 13 1490 -5978 12 Russell McVeagh 488 3 - -- 13 Webb Henderson 410 1 - -8 14 Baker amp McKenzie 329 3 1928 -829- 15= Goodwin Procter 222 1 - -- 15= Proskauer Rose 222 1 - -

Legal Advisors to Asia-Pacfic (excl Japan amp Australasia) MampA VolumeRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change

14 1 Linklaters 10597 16 7 94 2 Kim amp Chang 6074 15 14 113 3 AZB amp Partners 510 13 7 6

10 4 King amp Wood Mallesons 9143 12 8 480 5 Shin amp Kim 2774 11 2 91 6 Baker amp McKenzie 1952 11 18 -722 7 Skadden Arps Slate Meagher amp Flom 6320 8 5 323 8 Grandall Legal Group 1890 8 5 3

8 9 Allen amp Overy 1674 8 9 -120 10 Bae Kim amp Lee 1117 8 6 246 11 Trilegal 188 8 3 512 12 Lee amp Ko 2890 7 8 -16 13 Khaitan amp Co 67 6 10 -454 14 Freshfields Bruckhaus Deringer 4752 5 2 358 15 Jun He Law Offices 2254 5 2 3

Legal Advisors to Asia-Pacfic (excl Japan amp Australasia) MampA ValueRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change

24 1 Linklaters 10597 16 1705 52154 2 King amp Wood Mallesons 9143 12 10139 -981 3 Skadden Arps Slate Meagher amp

Flom 6320 8 11871 -468

23 4 Kim amp Chang 6074 15 1868 22528 5 Herbert Smith Freehills 5810 3 5965 -315 6 Freshfields Bruckhaus Deringer 4752 5 2645 79729 7 Clifford Chance 4319 4 1470 1938- 8 Gianni Origoni Grippo Cappelli amp

Partners4210 1 - -

81 9 Mayer Brown 2981 3 272 996- 10= Abdullah Chan 2900 1 - -- 10= Wiersholm 2900 1 - -

47 12 Lee amp Ko 2890 7 744 288417 13 Slaughter and May 2884 3 2355 225- 14= Adnan Sundra amp Low 2877 1 - -- 14= Zul Rafique amp Partners 2877 1 - -



Legal Advisors to Indian MampA VolumeRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change

5 1 AZB amp Partners 510 13 7 69 2 Trilegal 188 8 3 53 3 Khaitan amp Co 67 6 10 -42 4 Amarchand amp Mangaldas amp Suresh

A Shroff amp Co107 4 12 -8

- 5 MNK Law Offices 59 3 - -10 6 J Sagar Associates 25 3 3 051 7 DLA Piper 45 2 1 17 8 Nishith Desai Associates 41 2 5 -3

- 9 Argus Partners 11 2 - -6 10 K Law - 2 6 -4

Legal Advisors to Indian MampA ValueRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change

- 1= Barbosa Mussnich amp Aragao 1600 1 - -8 1= DSK Legal 1600 1 921 74- 1= Haynes and Boone 1600 1 - -

10 1= Herbert Smith Freehills 1600 1 790 1025

- 1= Morgan Lewis amp Bockius 1600 1 - -- 1= Pinheiro Neto Advogados 1600 1 - -- 1= Platinum Partners 1600 1 - -3 1= Skadden Arps Slate Meagher amp

Flom 1600 1 10289 -844

- 1= Slaughter and May 1600 1 - -- 10 Webber Wentzel 548 1 - -

Legal Advisors to Greater China MampA VolumeRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change

3 1 King amp Wood Mallesons 9143 12 6 66 2 Linklaters 8684 10 5 55 3 Grandall Legal Group 1890 8 5 3

2 4 Baker amp McKenzie 1847 6 9 -313 5 Skadden Arps Slate Meagher amp Flom 3768 5 3 2

30 6 Jun He Law Offices 2254 5 2 3- 7 Zhejiang TampC Law Firm 1449 4 - -9 8 Allen amp Overy 1305 4 5 -112 9 Conyers Dill amp Pearman 1278 4 3 1- 10 Zhong Lun Law Firm 1049 4 - -

31 11 Kirkland amp Ellis 1676 3 2 136 12 JunZeJun Law Offices 1266 3 2 110 13 White amp Case 1221 3 4 -1- 14 Hogan Lovells 728 3 - -- 15 OMelveny amp Myers 587 3 - -

Legal Advisors to Greater China MampA ValueRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change

1 1 King amp Wood Mallesons 9143 12 10005 -8615 2 Linklaters 8684 10 1547 461- 3= Gianni Origoni Grippo Cappelli amp

Partners4210 1 - -

16 3= Herbert Smith Freehills 4210 1 1520 17724 5 Skadden Arps Slate Meagher amp

Flom 3768 5 1176 2204

54 6 Mayer Brown 2861 2 222 1189- 7 Capital Law amp Partners 2485 1 - -

13 8 Jun He Law Offices 2254 5 1694 3313 9 Grandall Legal Group 1890 8 4984 -6215 10 Freshfields Bruckhaus Deringer 1852 2 2645 -3010 11 Baker amp McKenzie 1847 6 2173 -157 12 Vinson amp Elkins 1700 1 2500 -3221 13 Kirkland amp Ellis 1676 3 1260 33- 14 Zhejiang TampC Law Firm 1449 4 - -

51 15 Allen amp Overy 1305 4 243 437



Legal Advisors to South Korea MampA VolumeRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change

1 1 Kim amp Chang 6074 15 14 18 2 Shin amp Kim 2774 11 2 93 3 Bae Kim amp Lee 1117 8 6 22 4 Lee amp Ko 2890 7 8 -15 5 Yoon amp Yang 57 4 3 14 6 Yulchon 699 3 3 0- 7= Norton Rose 1100 1 - -- 7= Osler Hoskin amp Harcourt 1100 1 - -- 7= Shearman amp Sterling 1100 1 - -- 10= Conyers Dill amp Pearman 654 1 - -- 10= Gunderson Dettmer Stough


- 10= Kirkland amp Ellis 654 1 - -- 10= White amp Case 654 1 - -

Legal Advisors to South Korea MampA ValueRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change

4 1 Kim amp Chang 6074 15 1868 22527 2 Lee amp Ko 2890 7 744 288422 3 Shin amp Kim 2774 11 36 76066 4 Bae Kim amp Lee 1117 8 894 249- 5= Norton Rose 1100 1 - -- 5= Osler Hoskin amp Harcourt 1100 1 - -- 5= Shearman amp Sterling 1100 1 - -5 8 Yulchon 699 3 1174 -405- 9= Conyers Dill amp Pearman 654 1 - -- 9= Gunderson Dettmer Stough



26 13 Nagashima Ohno amp Tsunematsu 486 1 6 8000

Legal Advisors to South East Asia MampA VolumeRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change

36 1 Linklaters 2283 6 1 52 2 Allen amp Gledhill 518 6 7 -14 3 Allen amp Overy 874 5 4 119 4 Shook Lin amp Bok Singapore 780 5 2 33 5 WongPartnership 853 4 7 -31 6 Baker amp McKenzie 90 4 13 -922 7 Clifford Chance 3446 3 2 19 8 Rajah amp Tann 783 3 3 0- 9 Mah-Kamariyah amp Philip Koh 235 3 - -- 10 Ince amp Co 250 2 - -

10 11 Norton Rose 151 2 3 -1

6 12 Stamford Law Corporation 88 2 3 -18 13 Herbert Smith Freehills 14 2 3 -1- 14 YukselKarkinKucuk Law Firm - 2 - -- 15= Abdullah Chan 2900 1 - -- 15= Freshfields Bruckhaus Deringer 2900 1 - -- 15= Wiersholm 2900 1 - -

Legal Advisors to South East Asia MampA ValueRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change

49 1 Clifford Chance 3446 3 12 28617- 2= Abdullah Chan 2900 1 - -- 2= Freshfields Bruckhaus Deringer 2900 1 - -- 2= Wiersholm 2900 1 - -- 5= Adnan Sundra amp Low 2877 1 - -- 5= Zul Rafique amp Partners 2877 1 - -

28 7 Linklaters 2283 6 158 13451 8 Allen amp Overy 874 5 4220 -7916 9 WongPartnership 853 4 323 16415 10 Rajah amp Tann 783 3 400 95814 11 Skadden Arps Slate Meagher amp

Flom 782 1 406 926

38 12 Shook Lin amp Bok Singapore 780 5 56 1293- 13= Milbank Tweed Hadley amp McCloy 537 1 - -

34 13= White amp Case 537 1 91 49019 15 Allen amp Gledhill 518 6 463 119


Japan Overview for Q1 2013 bull Japanrsquos currency war manifests itself in weaker outbound activity which after two successive quarterly increases fell to the lowest level since Q2 2010 2010

bull Nagashima Ohno amp Tsunematsu retains its leading position from Q1 2012 by deal value with deals worth US$ 152bn

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f Dea

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S$bn

)

Value (US$bn)

Number of Deals

Japan Q1 2013 Trend Comparison Quarterly MampA Trend Breakdown

bull Japanrsquos 107 deals in Q1 2013 MampA amounted to US$ 83bn plunging 515 from Q4 2012 (US$ 171bn 87 deals) and mirroring the sluggish MampA activity in the rest of Asia-Pacific

bull The dramatic drop in Q1 made it the lowest quarterly total since Q4 2010 (US$ 68bn 83 deals)

bull Several sizeable domestic consolidations most notably Hitachi Metalsrsquo merger with Hitachi Cables took place in Q1 2013 These underscore the tendency of Japanese corporations to merge in order to enhance their competitiveness vis-a-vis overseas competitors

882

558

784

613

832

722

170

322

122

297

68

215

171

261

173

106 139

118 149

83

0

10

20

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)



Japan Industry amp Geography analysis for Q1 2013

80 07

113

333

07

273

07

13

133

33

98

73

207

61

244

73

24

85

134


Construction US$ 06bn (US$ 01bn)





Leisure US$ 06bn (US$ 01bn)





0

10

20

30

40

50

60

70

80

0

10

20

30

40

50

60

Num

ber o

f dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Inbound Value (US$bn)

Oubtbound value (US$bn)

Inbound No of Deals

Outbound No of Deals

Q1 2013 Cross-Border Focus

bull Key sectors for Japanese MampA experienced diminished activity when compared with Q1 2012 The value of deals in the business services sector fell from US$ 12bn to US$ 08bn

bull Industrials amp chemicalsrsquo deal value fell from US$ 41bn to US$ 2bn but accounted for the highest market share at 244

bull The construction sector was one of the few silver linings in a torrid start to the year

bull Outbound acquisitions of foreign firms by their Japanese counterparts in Q1 2013 totalled US$ 44bn over 41 deals the lowest quarterly value since Q2 2010 (US$ 36bn 40 deals) The yenrsquos relentless fall from US$yen 758 in October 2012 to US$yen 946 appears to be the main catalyst in dampening the appetite for overseas assets

bull This is demonstrated by only one outbound acquisition accounting for over half of the outbound value Orix Corporationrsquos US$ 26bn acquisition of Dutch Robeco Groep reaffirms the desire of Japanese firms to reduce dependence on the domestic market

bull Acquisitions of Japanese targets by foreign bidders decreased for the second successive quarter to US$ 11bn the lowest level of inward investment since Q4 2010 (US$ 1bn) This underscores the poor fundamentals of the Japanese market which failed to entice overseas bidders in spite of a sharp decrease in the value of the yen

Japan Quarterly Cross-Border MampA



Japan Top Deals in Q1 2013Announced

DateBidder Company Bidder Legal Advisor Target Company TargetSeller Legal


Value (US$m)

13-Feb-13 Hitachi Metals Ltd Mori Hamada amp Matsumoto Hitachi Cable Limited Nagashima Ohno amp Tsunematsu

863

25-Mar-13 Temp Holdings Co Ltd Intelligence Holdings Ltd Advising seller Nagashima Ohno amp Tsunematsu

Simpson Thacher amp Bartlett

Kohlberg Kravis Roberts amp Co LP

721

27-Mar-13 Aeon Co Ltd The Daiei Inc (7508 Stake)

TMI Associates Marubeni Corporation 650

15-Jan-13 MBK Partners LP Nagashima Ohno amp Tsunematsu

Komeda Limited Advantage Partners LLP and Pokka Sapporo Food amp

Beverage Ltd

486

04-Mar-13 Nomura Securities Co Ltd DeNa Co Ltd (1175 Stake)

Sony Corporation 465

30-Jan-13 Tokyu Community Corp United Communities Co Ltd Advising seller Nagashima Ohno amp Tsunematsu

Advantage Partners LLP 396

05-Mar-13 ORIX Corporation Asahi Fiberglass Co Ltd (9609 Stake)

Global Insulation 321

04-Mar-13 Aeon Co Ltd Peacock Stores Ltd Advising seller Mori Hamada amp Matsumoto

J Front Retailing Co Ltd 321

14-Feb-13 Sumitomo Life Insurance Company

Medicare Life Insurance Co Ltd (109 Stake)

Mitsui Life Insurance Company Limited

321

18-Mar-13 Mitsubishi Corporation Kirin Kyowa Foods Company Limited

Advising seller Nagashima Ohno amp Tsunematsu

Kirin Holdings Co Ltd 320


Japan Legal Advisor League Table Q1 2013League Table of Legal Advisors to Japanese MampA Volume

Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount

Change2 1 Nagashima Ohno amp Tsunematsu 3397 16 15 13 2 Nishimura amp Asahi 3196 12 15 -34 3 Anderson Mori amp Tomotsune 3365 8 6 21 4 Mori Hamada amp Matsumoto 1377 8 16 -85 5 Baker amp McKenzie 452 5 6 -125 6 Kim amp Chang 92 4 2 278 7 Allen amp Overy 2768 3 1 239 8 Linklaters 2619 3 1 26 9 TMI Associates 818 3 5 -214 10 City-Yuwa Partners 222 3 3 034 11 Shearman amp Sterling 134 3 1 248 12 De Brauw Blackstone Westbroek 2792 2 1 1- 13 Stibbe 202 2 - -

44 14 Davis Polk amp Wardwell 2590 1 1 0- 15 Simpson Thacher amp Bartlett 721 1 - -

League Table of Legal Advisors to Japanese MampA ValueRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change

1 1 Nagashima Ohno amp Tsunematsu 3397 16 15249 -77728 2 Anderson Mori amp Tomotsune 3365 8 746 35116 3 Nishimura amp Asahi 3196 12 7009 -54439 4 De Brauw Blackstone Westbroek 2792 2 410 58178 5 Allen amp Overy 2768 3 - -23 6 Linklaters 2619 3 850 208134 7 Davis Polk amp Wardwell 2590 1 449 476810 8 Mori Hamada amp Matsumoto 1377 8 2450 -4419 9 TMI Associates 818 3 1099 -256- 10 Simpson Thacher amp Bartlett 721 1 - -

52 11 Baker amp McKenzie 452 5 165 173926 12= Freshfields Bruckhaus Deringer 259 1 840 -692- 12= Herbert Smith Freehills 259 1 - -- 14 Debevoise amp Plimpton 242 1 - -

59 15 City-Yuwa Partners 222 3 104 1135


Africa amp Middle East Overview for Q1 2013 bull Deal value not short of momentum as it increases on Q1 2012 and only just falls short of Q4 2012

0

10

20

30

40

50

60

0

5

10

15

20

25

30

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)


Africa amp Middle East Q1 2013 Trend Comparison Japan Quarterly Cross-Border MampA

bull Q1 2013 deals (US$ 185bn 60 deals) dropped by only 51 compared with the previous quarter (US$ 195bn 80 deals) and MampA activity in the region has surpassed Q1 2012 levels (US$ 92bn 87 deals) by 1025

bull Inbound investment in Q1 2013 (US$ 15bn 27 deals) is off to a better start than Q1 2012 (US$ 57bn 40 deals) by deal value up 164

bull On the other hand outbound deal value shrunk by 502 with deals valued at US$ 29bn (23 deals) in Q1 2013 compared to US$ 58 (39 deals) in Q1 2012

871

504

325

541

452

527

159

346

146

78

127

69

195

199

131

53

253

197

92

185

0

10

20

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)



Africa amp Middle East Top Deals in Q1 2013Announced

DateBidder Company Bidder Legal Advisor Target Company TargeSeller Legal


Value (US$m)


VimpelCom Ltd 6403



Smith Freehills



18-Jan-13 Abraaj Capital Holdings Limited and the Sawiris

Family

Jones Day (Advising Allen amp Company)

Orascom Construction Industries SAE (25 Stake)

Allen amp Overy 2210

21-Jan-13 Aldar Properties PJSC Allen amp Overy Sorouh Real Estate PJSC Clifford Chance 2030

28-Feb-13 Cipla Ltd Webber Wentzel Cipla Medpro South Africa Ltd

548

10-Jan-13 Qatar Foundation Ahli Bank QSC (2941 Stake)

Ahli United Bank BSC 531

08-Mar-13 Actis LLP Clifford Chance Redal Amendis Tanger and Amendis Tetouan

Veolia services a lenvironnement Maroc and Veolia Water - CGE

Indonesia

481

23-Jan-13 Cisco Systems Inc Fenwick amp West Intucell Limited Herzog Fox and Neeman Advising seller OMelveny

amp Myers

Bessemer Venture Partners 475

14-Mar-13 Investec Asset Management (Senior

management)

Investec Asset Management Holdings (Pty)

Limited (15 Stake)

Slaughter and May Advising seller Linklaters

Investec Limited 272

05-Mar-13 Allscripts Healthcare Solutions Inc

Vedder Price dbMotion Ltd University of Pittsburgh Medical Center Health System Gemini Israel

Funds Ltd Vertex Venture Capital and Pitango Venture

Capital

226


Africa amp Middle East Legal Advisor League Table Q1 2013League Table of Legal Advisors to Africa amp Middle East MampA Volume


2012Q1


(US$m)Deal

CountDeal

CountCount

Change12 1 Linklaters 5082 4 4 01 2 Allen amp Overy 4390 4 12 -824 3 Norton Rose 329 4 2 23 4 Clifford Chance 2569 3 5 -2- 5 DLA Piper 707 3 - -

7 6 Gibson Dunn amp Crutcher 350 3 5 -28 7 Freshfields Bruckhaus Deringer 327 3 4 -116 8 Bowman Gilfillan 30 3 3 022 9 Herbert Smith Freehills 4246 2 2 06 10 Herzog Fox and Neeman 516 2 5 -375 11 YukselKarkinKucuk Law Firm 444 2 1 1- 12 White amp Case 327 2 - -- 13 Cuatrecasas Goncalves Pereira 313 2 - -- 14 Slaughter and May 308 2 - -

38 15 Yigal Arnon amp Co 42 2 1 1- 16 Borden Ladner Gervais 8 2 - -

14 17 Meitar Liquornik Geva Leshem Tal amp Co

6 2 3 -1

62 18 Gide Loyrette Nouel - 2 1 1- 19 Zulficar amp Partners 6403 1 - -- 20 Gianni Origoni Grippo Cappelli amp

Partners4210 1 - -

League Table of Legal Advisors to Africa amp Middle East MampA ValueRanking Q1 2013 Q1 2012

Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change

- 1 Zulficar amp Partners 6403 1 - -32 2 Linklaters 5082 4 225 21591 3 Allen amp Overy 4390 4 3110 41230 4 Herbert Smith Freehills 4246 2 268 1484- 5 Gianni Origoni Grippo Cappelli amp

Partners4210 1 - -

11 6 Clifford Chance 2569 3 1115 130410 7 Jones Day 2210 1 1449 525- 8 DLA Piper 707 3 - -

18 9 Webber Wentzel 548 1 558 -1845 10 Herzog Fox and Neeman 516 2 154 2351- 11= Fenwick amp West 475 1 - -- 11= OMelveny amp Myers 475 1 - -- 13 King amp Wood Mallesons 450 1 - -

71 14 YukselKarkinKucuk Law Firm 444 2 14 3071- 15 Somay Hukuk Burosu 433 1 - -

75 16= Hogan Lovells 400 1 - -20 16= Skadden Arps Slate Meagher amp

Flom 400 1 406 -15

53 18 Gibson Dunn amp Crutcher 350 3 127 175652 19 Norton Rose 329 4 128 15703 20 Freshfields Bruckhaus Deringer 327 3 2216 -852


Emerging Markets Overview for Q1 2013 bull Deal values dwindle to a level not seen in an opening quarter in four years

bull Linklaters jumps to lead position with 13 deals valued at US$ 155bn

0

5

10

15

20

25

30

0

50

100

150

200

250

o

f Glo

bal M

ampA

Valu

e of

Dea

ls (U

S$bn

)

Other EM (Value) BRIC (Value) EM MampA as of Global MampA

Emerging Markets Q1 2013 Trend Comparison Quarterly MampA Trend Breakdown

bull After the most productive year for emerging markets on Mergermarket record in 2012 Q1 took a downward turn with significantly lower deal value than in Q4 2012 at US$ 905bn (540 deals) down from Q4 (US$ 1928bn 705 deals)

bull Emerging market MampA deal value and deal count were both down 144 in Q1 compared to the same period in 2012 (US$ 1056 631 deals)

bull Emerging market MampA contributed 217 to global MampA (US$ 418bn) down from 234 in Q1 2012

bull The largest deal was the acquisition of Orascom Telecom Holding SAE by Altimo for a total consideration of US$ 64bn

4510

3871

3297

5024 4828

5242

173

6

150

5

123

5

110

7

179

2

945

192

8

868 1038

571

1303 1422

1056 905

0

100

200

300

400

500

600

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)



Emerging Markets Industry amp Geography analysis for Q1 2013

06

97 19

89

321 193

141

41

23 70

13 27

31

100

04

301

128

108

85

31

171

Agriculture US$ 12bn (US$ 06bn)




Defence US$ 04bn (US$ 0bn)







0

50

100

150

200

250

300

0

10

20

30

40

50

60

70

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)



bull Energy mining and utilities had the largest market share for deal value in Q1 2013 Deals worth US$ 272bn equated to a 30 market share

bull The second largest deal in the emerging markets was in the energy mining amp utilities sector - a 378 stake in Polyus Gold International was acquired by two private investors Gavril Yushvaev and Zelimkhan Mustsoev for a total consideration of US$ 36bn

bull Deal value of BRIC MampA (US$ 464bn 288 deals) was down 413 by deal value compared to the comparative period in 2012 (US$ 791bn 373 deals) and 65 down from Q4 2012 (US$ 1327bn 395 deals)

bull China was the most active of the BRIC countries contributing 29 (US$ 263bn 142 deals) of all emerging market activity Russia was the second most active country contributing 137 (US$ 124bn 31 deals)

bull Investor confidence in the emerging markets may be waning with Q1 2013 inbound total deal value (US$ 244bn 185 deals) down 569 compared to Q4 2012 (US$ 567bn 217 deals)

bull Private equity firms are avoiding the emerging market countries as Q1 saw a second quarterly decline for buyouts at US$ 71bn the lowest value since Q2 2012 (US$ 48bn 68 deals)

Emerging Markets Quarterly Cross-Border MampA



Emerging Markets Top Deals in Q1 2013Announced



Value (US$m)

31-Mar-13 Baskindale Limited Zulficar amp Partners Orascom Telecom Holding SAE

VimpelCom Ltd 6403

22-Feb-13 Gavril Yushvaev (private investor) and Zelimkhan

Mutsoev (Private investor)

Clyde amp Co and Freshfields Bruckhaus Deringer

Advisinf GA Clifford Chance



Onexim Group 3616

27-Mar-13 VTB Bank OAO White amp Case Tele2 Russia Telecom Davis Polk amp Wardwell Mannheimer Swartling

Tele2 AB 3550

14-Feb-13 Constellation Brands Inc Baker amp McKenzie Nixon Peabody Advising FA

White amp Case

Compania Cervecera de Coahuila

Skadden Arps Slate Meagher amp Flom Sullivan amp

Cromwell

Anheuser-Busch InBev NV 2900





Stake)


Corporation and Guizhou Industrial Investment

(Group) Co Ltd

2485

18-Jan-13 OCI NV Advising FA Jones Day Orascom Construction Industries SAE (25 Stake)


28-Mar-13 Allianz Capital Partners GmbH and Borealis

Infrastructure Management Inc

Kinstellar and Linklaters NET4GAS sro Advising Seller White amp Case

RWE AG 2051

1-Feb-13 MetLife Inc Prieto amp Cia and Skadden Arps Slate Meagher amp Flom

Provida Internacional SA Sullivan amp Cromwell Advising Seller Cleary

Gottlieb Steen amp Hamilton (Advising Goldman Sachs)

Banco Bilbao Vizcaya Argentaria SA

2000






1932


Private Equity Buyouts bull Global buyouts (US$ 836bn) accounted for the highest share of global MampA activity in one quarter since Q2 2007 (282) at 20

bull Kirkland amp Ellis was the lead legal advisor by deal value and deal count (advising the buy-side only) with 18 deals worth US$ 309bn including the Heinz deal

0

5

10

15

20

25

30

0

100

200

300

400

500

600

700

800

900

Val

ue o

f Dea

ls (U

S$b

n)

Per

cent

age

of G

loba

l Mamp

A

Europe (Value) US (Value) Asia-Pacific ex Japan (Value) Rest of the World (Value) Buyouts ( of Total MampA)

0

10

20

30

40

50

60

70

80

0

1

2

3

4

5

6

7

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

Deb

tTot

al F

undi

ng (

)

DebtEBITDA Multiple (x) DebtTotal Funding ()

Deb

tEB

ITD

A M

ultip

le (x

)

Global Buyout Activity

bull Global buyouts totalled US$ 836bn in the first quarter of 2013 ndash the highest quarterly total since Q4 2010 (US$ 856bn)

bull In contrast deal numbers were down with Q1 2013 seeing 375 deals the lowest quarterly number since Q2 2009 (323 deals)

bull Compared to Q4 2012 European and Asia-Pacific total deal values decreased in Q1 2013 by 359 (US$ 267bn to US$ 17bn) and 194 (US$ 79bn to US$ 64bn) respectively as the US mega-deals took over

bull The US more than doubled its value up 108 (US$ 276bn to US$ 575bn) ndash this was driven by the top two mega-deal buyouts which contributed 826 of the total US buyout value with the remaining 173 coming from the other 132 deals

bull These US-based deals resulted in the country accounting for 688 of the global buyout activity ndash a level never before seen by any region on Mergermarket record

bull The consumer sector (bolstered by the Heinz mega-deal) accounted for US$ 401bn in Q1 2013 an increase of 429 compared to Q1 2012rsquos US$ 76bn

bull The technology sector (including the Dell mega-deal) was the next most active sector accounting for US$ 216bn-worth of buyout MampA in Q1 2013 an increase of 503 compared to Q1 2012rsquos US$ 36bn

bull The debt-to-EBITDA ratio remained on level with 2012 at 55x

bull A March report from the Bank of England said that the peak buyout leverage ratios (total debt to total funding) in the boom years will surface in 2014 - the current average ratio increased from 595 last year to 598 in 2013 so far the highest average since 2007

Global Debt Financing Ratios Trend (US$ 200m+buyouts excl buyins)


Private Equity Exits bull Lowest exit multiples on Mergermarket record show why investors are holding on to companies longer

bull Kirkland amp Ellis topped the legal advisors league table by deal value (advising the sell-side only) working on 15 deals valued at US$ 85bn

0

10

20

30

40

50

60

70

80

90

0

50

100

150

200

250

300

350

400

450

Perc

enta

ge o

f Tot

al E

xits

(exc

l IP

Os)

Valu

e of

Dea

ls (U

S$bn

)

SBOs (Value) Trade Sales (Value) Trade Sales ( of total exits) SBOs ( of total exits)

6

8

10

12

14

16

18

20

22

24

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

EBIT

DA

Mul

tiple

(x) -

Ave

rage

Global US Europe

Global SBOs versus Trade Sales

bull Private equity exits in Q1 2013 totalled US$ 323bn (289 deals) a decrease of 513 on Q4 2012 (US$ 663bn 378 deals) and 35 on Q1 2012 (US$ 497bn 334 deals)

bull The lowest EVEBITDA multiple on Mergermarket record at 84x was a significant decrease from last yearrsquos 104x showing that portfolio companies are being exited at lower valued rates However these figures are slightly higher for Europe (86x) and the US (85x)

Average Exit EBITDA Multiples

bull Secondary buyout exits (SBOs) valued at US$ 75bn and trade sales valued at US$ 248bn both decreased to levels not seen since Q3 2009 a dire year for exits (US$ 926bn)

bull The largest exit in Q1 2013 was the US$ 26bn sale of a 273 stake in Charter Communications by Apollo Global Management LLC Crestview Partners LP and Oaktree Capital Group LLC to Liberty Media Corporation


Private Equity Top Buyout Deals in Q1 2013Announced

DateBidder Company Target Company Target Industry Seller Company Deal

Value (US$m)

14-Feb-13 Berkshire Hathaway and 3G Capital Partners

HJ Heinz Company Consumer 27362


individual)

Dell Inc Technology 21775

10-Jan-13 Cerberus Capital Management LP led

consortium

Star Markets Company Inc

Shaws Supermarkets Inc Jewel-Osco

stores(Supervalu) Acme Fresh Markets

and SuperValu (Albertsons stores)

Consumer SuperValu Inc 3300

11-Feb-13 Hakon Invest AB ICA AB (60 Stake) Consumer Royal Ahold NV 3109

28-Mar-13 Allianz Capital Partners GmbH and

Borealis Infrastructure Management Inc

NET4GAS sro Energy Mining amp Utilities

RWE AG 2043

Private Equity Top Exit Deals in Q1 2013

Announced Date

Bidder Company Target Company Target Industry Seller Company Deal Value

(US$m)

19-Mar-13 Liberty Media Corporation

Charter Communications Inc (273 Stake)

Telecommunications Oaktree Capital Group LLC Apollo Global

Management LLC and Crestview Partners LP

2569

14-Feb-13 Cardinal Health Inc AssuraMed Holding Inc Consumer Clayton Dubilier amp Rice LLC and GS Capital

Partners

2070

28-Feb-13 Arkady Rotenberg (Private Investor)

Rostelecom OAO (107 Stake)

Telecommunications Marshall Capital Partners 1546

02-Jan-13 CVC Capital Partners Limited

Cerved Group Spa Business Services Bain Capital LLC and Clessidra SGR SpA

1488

05-Feb-13 Praxair Inc NuCo2 Inc Industrials amp Chemicals Aurora Capital Group 1100


Deal Value and Mid-Market Overview for Q1 2013 bull Average deal size stays above US$ 300m for the fourth quarter in a row

bull The US makes up a 331 market share of global mid-market deals and over took Europe again as a result

280 235 201 204 234 225 247 247 234 235

245

220 208 230 193 205

275 262 275 277

255

300

270 299 279 275

324 342 294 282

219 244 320

267 294 296

154 149 196 206

0

10

20

30

40

50

60

70

80

90

100

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

$0m - $500m $501m - $2000m $2001 - $10000m mega deals (over $10001m)

0

5

10

15

20

25

30

35

40

0

200

400

600

800

1000

1200

Valu

e of

Dea

ls (U

S$bn

)

European Mid-Market MampA US Mid-Market MampA Asia-Pacific ex Jp Mid-Market MampA RoW MampA of Global MampA

Q1 2013 Deal Value Breakdown - based on value Q1 2013 Mid-Market (US$ 251m - US$ 2bn) Analysis

bull The average global deal size in Q1 2013 was US$ 3268m the fourth consecutive quarter to witness an average deal size of over US$ 300m However it was down 169 from Q4 2012 (US$ 3933m) despite the mega-deal flurry in February

bull Global deals between US$ 2-10bn totalled US$ 118bn US deals in this bracket valued at US$ 422bn accounted for 245 of US MampA this quarter the second lowest level since Q2 2009 (213)

bull Four mega-deals totalled US$ 861bn accounted for 206 of Q1 2013rsquos global MampA ndash below the 271 chalked up in Q4 2012 (US$ 1997bn) but above the US$ 707bn in the same period last year

bull Mega-deals in the US worth US$ 642bn contributed a sizeable 373 to US deal value in Q1 2013 just trailing Q4 2012 (414)

bull Mid-market transactions (231 deals) totalled US$ 1563bn down 37 from Q4 2012 (US$ 248bn 359 deals) and the lowest quarterly total in three years (Q1 2010 US$ 1493bn 220 deals)

bull Europe took a steep fall with 63 deals dropping 172 to US$ 425bn in value compared to Q1 2012 (US$ 513bn 83 deals) As a result the US mid-market moved ahead of Europe for the fifth consecutive quarter with US$ 504bn-worth of deals marking 323 of total global mid-market acquisitions

bull Energy mining amp utilities remained the most active sector with 288 of total market share (based on deal value) with US$ 451bn-worth of deals

bull US-based MetLifersquos acquisition of Chile-based Provida Internacional for US$ 2bn was the biggest mid-market deal of the quarter All of the top three deals were acquisitions by North American companies

Global Mid-Market Deal Distribution


About mergermarket

Mergermarket is a mergers amp acquisitions (MampA) intelligence service

Mergermarket is part of The Mergermarket Group which has nearly 1000 employees worldwide and regional head offices in New York London and Hong Kong

In any market the life blood of advisors is deal flow Mergermarket is unique in the provision of origination intelligence to the investment banking legal private equity acquisition finance public relations (PR) and corporate markets

With an unrivalled network of analysts covering MampA in the Americas Europe Middle-East Africa and Asia-Pacific Mergermarket generates proprietary intelligence and delivers it together with daily aggregated content on its mergermarketcom platform and by real-time email alerts to subscribers

This wealth of intelligence together with a series of deal databases individual and house league tables profiles and editorial have proven time and time again that this product can and does gener-ate real revenues for clients This is apparent when you see that mergermarket is used by over 1500 of the worldrsquos foremost advisory firms to assist in their origination process

Part of The Mergermarket Group

wwwmergermarketcom80 StrandLondon WC2R 0RLUnited Kingdom

t +44(0)20 7059 0000 f +44 (0)20 7059 6101salesmergermarktetcom

11 West 19th Street2nd FloorNew York NY 10011 USA

t +1 212-686-5606f +1 212-686-2664salesusmergermarketcom

Suite 2401-3Grand Millennium Plaza181 Queenrsquos Road CentralHong Kong

t +852 2158 9700f +852 2158 9701salesasiamergermarketcom

All data is based on transactions over US$5m Q1 for this report is based on 1st January 2013 and 31st March 2013 unless stated otherwise Deals with undisclosed deal values are included where the targetrsquos turnover exceeds US$10m Deals where the stake acquired is less than 30 will only be included if their value is greater than US$100m Activities excluded from the league tables include property transactions and restructurings where the ultimate shareholdersrsquo inter-ests are not changed

The MampA activity table and league tables are based on the dominant geography of any of the target bidder or seller The overall trend graph and pie charts are based on the dominant geog-raphy of the target only The cross-border trend graph and pie charts are based on the dominant geography of the target and the bidder All sector breakdowns are based on the dominant sector of the target only

The trend graphs are based on transactions announced in the given time periods

For this report ldquoinboundrdquo refers to deals where the dominant geography of the target is X and the dominant geography of the bidder is outside X ldquooutboundrdquo refers to deals where the dominant geography of the target is outside X and the dominant geography of the bidder is X

Mega-deal is the term used for deals above US$ 10bn

Industry consolidations TMT refers to consolidated sectors of Technology Media amp Tellecommunications OTHER refers to consolidated sectors of Lesire Defence Agriculture amp Construction for Global Europe US amp Asia-Pacific sections OTHER refers to consolidated sectors of Leisure Real Estate and Transport in the Emerging Markets section

All data correct as of 4th April 2013

Deal Criteria

Criteria


What can Mergermarket do for you

Our global team of 400 dedicated MampA journalists spread in over 65 locations worldwide gathers proprietary information about corporate strategy through its network of industry contacts and executives This is MampA intelligence you wonrsquot find anywhere The insight we provide often doesnrsquot become public knowledge until 6-24 months after our journalists first start reporting giving you a large window of opportunity to take early action

Our multilingual team of journalists monitors more than 3000 global media sources daily analyzing and translating the most relevant information into summarized articles that subscribers receive in their alerts together with our proprietary intelligence

Mergermarketrsquos comprehensive Deals Database offers you the opportunity to search a global library of historical MampA transactions with fully-sourced financials and exit multiples You can analyze volumes and values of MampA activity in specific regions or sectors to discover deal patterns and identify trends ahead of competitors

Our customizable Private Equity Search facility provides you with extensive analyses of more than 1000 of the worldrsquos biggest private equity firms Analyse specific PE firms in terms of current portfolio historical exits potential investments firm profile historical advisor and investment relationships as well as rival bidders to monitor competitors and stay on top of your market

Because we are always up-to-speed on which advisers are working on which deals our detailed lsquoWhorsquos who in MampArsquo league tables have become an industry standard among investment professionals Tailor-build individual or house league tables to analyze firm performance and enhance your marketing strategy competitor analysis or pitch book efforts

PREDICTIVE INTELLIGENCE

ANALYSIS

DEALS DATABASE

PRIVATE EQUITY PORTFOLIOLEAGUE TABLES

Mergermarket is a business development tool designed specifically for the MampA sector providing proprietary news intelligence and analysis on corporate strategy before that strategy becomes public knowledge

Over 2000 of the worldrsquos foremost advisory firms investment banks law firms private equity firms and corporates use mergermarket to drive their origination process and capture lucrative business opportunities Click the buttons at the bottom of the page to find out about the real benefits mergermarket can bring to your company


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Contents and SummaryGlobal Highlights bull A total of 2621 deals worth US$ 418bn was 76 behind the same period last year bull Davis Polk amp Wardwell advised on US$ 82bn-worth of deals putting it in lead position from 19th in Q1 2012

Spotlight

bull Februaryrsquos flurry of mega-deals (deals above US$ 10bn) this year brings 2013 up to four mega-deals valued at US$ 877bn compared to US$ 707bn (three deals) last year This was the highest Q1 value for mega-deals in a first quarter since Q1 2010 which was valued at US$ 1163bn (seven deals)

bull Every year that has experienced 5+ mega-deals in the first two months has ended with an increased deal value and volume compared to the previous year with the exception of the boom year in 2007

bull Dellrsquos buyout announcement has become one of four deals announced this year to enter into a go-shop period according to Dealreporter

Fortune Fortnight

Advisors bull After working on the Heinz mega-deal (deals above US$

10bn) Davis Polk amp Wardwell skipped ahead to first position in the global and US legal advisor league tables by value

bull Nine advisors not featured in Q1 2012rsquos top 20 global legal advisor league table by deal value made an entrance in Q1 2013

3-7

8-18

29-36

bull Q1 (US$ 1163bn) attempts to haul itself towards levels seen in the same period in 2012 but drops by 281 from US$ 1617bn bull Shearman amp Sterling entered the top 20 from 28th to lead the European legal advisor league table by deal value (US$ 265bn)

US bull The US sets the bar high for 2013 with deals valued at US$ 1724bn surpassing the Q1 2012 value by 38 bull Davis Polk amp Wardwell displaced Sullivan amp Cromwell and now leads the advisor table by deal value coming up from tenth

Asia-Pacific (excl Japan) bull Inbound deals in Q1 worth US$ 131bn outstripped Q1 2012 (US$ 95bn) bull King amp Wood Mallesons skips ahead two spots from third to first position for deals valued at US$ 112bn

Japan bull Deal values canrsquot keep up with Japanrsquos record H2 2012 with deals worth US$ 81bn in Q1 mostly from domestic deals bull Local advisor Nagashima Ohno amp Tsunematsu (US$ 34bn) retains its leading place in the legal advisor league table by deal value

Emerging Markets bull Outbound deal values increased but aggregate deal value (US$ 905bn) is down to a level not seen in a Q1 in four years

Private Equity bull US buyout values contributed 696 to total buyout MampA - a level never before seen on Mergermarket record bull Exits worth US$ 328bn in Q1 2013 were down compared to both Q1 and Q4 2012

19-28

37-40

44-45

46-48

Criteria 50

Deal Value and Mid-Market bull Q1 2013 is the fourth quarter in a row to have an average deal size above US$ 300m bull The US mid-market quarterly value in Q1 2013 moves ahead of Europe for the fifth consecutive quarter

49

41-43Africa amp Middle East bull One of two areas in this report to see deal values exceed Q1 2012 with deals valued at US$ 185bn bull Local advisor Zulficar amp Partners is in first place after advising on US$ 64bn-worth of deals

What can Mergermarket do for you 51

Europe


36661

24075

17104

20878

22469 22513

110

01

732

8

457

4

568

6 707

2

464

4

737

0

8092 5899

4192 4591

6130

4522 4180

0

500

1000

1500

2000

2500

3000

3500

4000

2007 2008 2009 2010 2011 2012 Q1 2013

Val

ue o

f Dea

ls (U

S$b

n)




0

500

1000

1500

2000

2500

3000

3500

4000

4500

0

200

400

600

800

1000

1200

1400

1600

1800

Valu

e of

Dea

ls (U

S$bn

)


Num

ber o

f Dea

ls








51 68

356

101

136

65

43

61

97

23

33

143

217

95 96

40

32

48

245

51











0

500

1000

1500

2000

2500

3000

3500

4000

4500

0

200

400

600

800

1000

1200

1400

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)















Value (US$m)






Cromwell

27362



Myers



Moore

21855


investor)




Manges

20169


Gallagher







VimpelCom Ltd 6403




4905



Smith Freehills








4180


Vinson amp Elkins


4093




2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 31649 40 42 -2



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Flom 31649 40 51535 -386



Jacobson 25912 10 8098 2200




2012Q1


(US$m)Deal

CountValue

(US$m) Val Change








1368 7 307 3456




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Count Change


Flom 1368 7 4 3








0

200

400

600

800

1000

1200

1400

1600

1800

2000

0

100

200

300

400

500

600

700

Num

ber o

f Dea

ls

Val

ue o

f Dea

ls (U

S$b

n)

Value (US$bn)

Number of Deals





15190

10054

4666

6391

7258 6934

396

8

286

3

217

1

187

9 242

0

134

4

234

5

2649 2952

1216 1275 1839 1617

1163

0

200

400

600

800

1000

1200

1400

1600

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)





21

57

410

106

101

103

23

42

94

44

43 62

184

151

54 60 47

07

322

70











0

50

100

150

200

250

300

0

25

50

75

100

125

150

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)
















Value (US$m)



Myers



Moore

21855




3970





Onexim Group 3616


Swartling

Tele2 AB 3550





Bruckhaus Deringer


3467



Wickersham amp Taft



Roschier

Royal Ahold NV 3109







Rabobank NV 2590




2012Q1


(US$m)Deal

CountDeal

CountCount




13 20 Eversheds 770 12 21 -9


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Jacobson 21880 2 4920 3447


Partners10334 4 2115 3886


Flom 8207 10 16061 -489





2012Q1


(US$m)Deal

CountValue

(US$m) Val Change







Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Deal Count







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change








Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



90 15 Jones Day 866 7 - -




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Flom 4686 3 - -



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





2000 1 1 0


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



2000 1 - -





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



2000 1 - -






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount





10334 4 6 -2



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


10334 4 2115 3886






Associati2134 1 - -


Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




1786 2 2 0



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


38 3 Linklaters 5667 3 10 56570




1786 2 213 738





0

200

400

600

800

1000

1200

1400

0

100

200

300

400

500

600

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals





13448

7511

6876 7196

8177 8350

450

4

228

5

775

204

6

242

7

178

8

306

9

3610

1445 1989

1460

2471

1250 1724

0

200

400

600

800

1000

1200

1400

1600

2007 2008 2009 2010 2011 2012 Q1 2013

Val

ue o

f Dea

ls (U

S$b

n)




62

67

261

54 174

50

89

122

116 05

27

221

162

56 104

19 17

67

289

38











0

25

50

75

100

125

150

175

200

225

250

275

300

325

0

10

20

30

40

50

60

70

80

90

100

110

120

130

140

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)
















Value (US$m)







27362


investor)




Manges

20169


Gallagher







4905






4180


Vinson amp Elkins


4093






3850







3750




Estate Group









SuperValu Inc 3300



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 25262 33 32 1




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Jacobson 25912 10 8098 2200


Flom 25262 33 36614 -310



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 24877 31 23 8




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Jacobson 25829 9 8098 2190


24877 31 29256 -150




Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 559 4 3 1




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change









Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Advogados743 5 8 -3


354 5 10 -5


Flom 5017 4 4 0




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 5017 4 5870 -145






Advogados743 5 2788 -734



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 2197 3 1943 131






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Flom 7312 7 7 0




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Flom 7312 7 11351 -356


Garrison 3568 4 7102 -498



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


155 13 Hogan Lovells 22159 7 51 43349





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Flom 7234 9 9 0


Garrison 1847 7 7 0


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Flom 8553 13 17488 -51






0

100

200

300

400

500

600

700

800

0

20

40

60

80

100

120

140

160

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals






3427 3474

2945

3625 3582 3589

141

0

918

902

105

9

132

0

739

884

851 747

458

666

897 838

645

0

50

100

150

200

250

300

350

400

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




46

39

346

195

168

43

35 20

93 14

26

113

299

81

186

40

50

16

96

93











0

25

50

75

100

125

150

175

0

5

10

15

20

25

30

35

40

45

50

55

60

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

















Value (US$m)





Wiersholm

Seadrill Ltd 2900




Overseas Limited






2559



Stake)



Ltd

2485






1932





1912


Shin amp Kim 1774
















Limited

1508



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount




Flom 6477 9 5 4



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

ValChange


Flom 6477 9 11871 -454


Partners4210 1 - -







Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount



809 3 1 2


- 4 Shin amp Kim 375 3 - -






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



809 3 41 1873


654 1 - -







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 6320 8 11871 -468


Partners4210 1 - -






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Flom 1600 1 10289 -844



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Partners4210 1 - -


Flom 3768 5 1176 2204



51 15 Allen amp Overy 1305 4 243 437




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


10 11 Norton Rose 151 2 3 -1



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Flom 782 1 406 926






0

20

40

60

80

100

120

140

160

0

5

10

15

20

25

30

35

40

45

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals





882

558

784

613

832

722

170

322

122

297

68

215

171

261

173

106 139

118 149

83

0

10

20

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




80 07

113

333

07

273

07

13

133

33

98

73

207

61

244

73

24

85

134












0

10

20

30

40

50

60

70

80

0

10

20

30

40

50

60

Num

ber o

f dea

ls

Valu

e of

Dea

ls (U

S$bn

)



Inbound No of Deals















Value (US$m)


863




721





Beverage Ltd

486












321






Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






0

10

20

30

40

50

60

0

5

10

15

20

25

30

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)






871

504

325

541

452

527

159

346

146

78

127

69

195

199

131

53

253

197

92

185

0

10

20

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)






Value (US$m)


VimpelCom Ltd 6403



Smith Freehills




Family






548





Indonesia

481


amp Myers



management)


Limited (15 Stake)






Capital

226




2012Q1


(US$m)Deal

CountDeal

CountCount





6 2 3 -1


Partners4210 1 - -


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Partners4210 1 - -





Flom 400 1 406 -15





0

5

10

15

20

25

30

0

50

100

150

200

250

o

f Glo

bal M

ampA

Valu

e of

Dea

ls (U

S$bn

)







4510

3871

3297

5024 4828

5242

173

6

150

5

123

5

110

7

179

2

945

192

8

868 1038

571

1303 1422

1056 905

0

100

200

300

400

500

600

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




06

97 19

89

321 193

141

41

23 70

13 27

31

100

04

301

128

108

85

31

171












0

50

100

150

200

250

300

0

10

20

30

40

50

60

70

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)















Value (US$m)


VimpelCom Ltd 6403







Onexim Group 3616


Tele2 AB 3550


White amp Case



Cromwell






Stake)



(Group) Co Ltd

2485






RWE AG 2051





2000






1932




0

5

10

15

20

25

30

0

100

200

300

400

500

600

700

800

900

Val

ue o

f Dea

ls (U

S$b

n)

Per

cent

age

of G

loba

l Mamp

A


0

10

20

30

40

50

60

70

80

0

1

2

3

4

5

6

7

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

Deb

tTot

al F

undi

ng (

)


Deb

tEB

ITD

A M

ultip

le (x

)















0

10

20

30

40

50

60

70

80

90

0

50

100

150

200

250

300

350

400

450

Perc

enta

ge o

f Tot

al E

xits

(exc

l IP

Os)

Valu

e of

Dea

ls (U

S$bn

)


6

8

10

12

14

16

18

20

22

24

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

EBIT

DA

Mul

tiple

(x) -

Ave

rage

Global US Europe










Value (US$m)




individual)



consortium










RWE AG 2043


Announced Date


(US$m)





2569


Partners

2070






1488





280 235 201 204 234 225 247 247 234 235

245

220 208 230 193 205

275 262 275 277

255

300

270 299 279 275

324 342 294 282

219 244 320

267 294 296

154 149 196 206

0

10

20

30

40

50

60

70

80

90

100

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013


0

5

10

15

20

25

30

35

40

0

200

400

600

800

1000

1200

Valu

e of

Dea

ls (U

S$bn

)













About mergermarket




















Deal Criteria

Criteria









ANALYSIS

DEALS DATABASE





Button 1

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Law firms 2

Button 3


Investment bank 2

36661

24075

17104

20878

22469 22513

110

01

732

8

457

4

568

6 707

2

464

4

737

0

8092 5899

4192 4591

6130

4522 4180

0

500

1000

1500

2000

2500

3000

3500

4000

2007 2008 2009 2010 2011 2012 Q1 2013

Val

ue o

f Dea

ls (U

S$b

n)




0

500

1000

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2500

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3500

4000

4500

0

200

400

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Valu

e of

Dea

ls (U

S$bn

)


Num

ber o

f Dea

ls








51 68

356

101

136

65

43

61

97

23

33

143

217

95 96

40

32

48

245

51











0

500

1000

1500

2000

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3000

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4500

0

200

400

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Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)















Value (US$m)






Cromwell

27362



Myers



Moore

21855


investor)




Manges

20169


Gallagher







VimpelCom Ltd 6403




4905



Smith Freehills








4180


Vinson amp Elkins


4093




2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 31649 40 42 -2



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Flom 31649 40 51535 -386



Jacobson 25912 10 8098 2200




2012Q1


(US$m)Deal

CountValue

(US$m) Val Change








1368 7 307 3456




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Count Change


Flom 1368 7 4 3








0

200

400

600

800

1000

1200

1400

1600

1800

2000

0

100

200

300

400

500

600

700

Num

ber o

f Dea

ls

Val

ue o

f Dea

ls (U

S$b

n)

Value (US$bn)

Number of Deals





15190

10054

4666

6391

7258 6934

396

8

286

3

217

1

187

9 242

0

134

4

234

5

2649 2952

1216 1275 1839 1617

1163

0

200

400

600

800

1000

1200

1400

1600

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)





21

57

410

106

101

103

23

42

94

44

43 62

184

151

54 60 47

07

322

70











0

50

100

150

200

250

300

0

25

50

75

100

125

150

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)
















Value (US$m)



Myers



Moore

21855




3970





Onexim Group 3616


Swartling

Tele2 AB 3550





Bruckhaus Deringer


3467



Wickersham amp Taft



Roschier

Royal Ahold NV 3109







Rabobank NV 2590




2012Q1


(US$m)Deal

CountDeal

CountCount




13 20 Eversheds 770 12 21 -9


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Jacobson 21880 2 4920 3447


Partners10334 4 2115 3886


Flom 8207 10 16061 -489





2012Q1


(US$m)Deal

CountValue

(US$m) Val Change







Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Deal Count







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change








Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



90 15 Jones Day 866 7 - -




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Flom 4686 3 - -



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





2000 1 1 0


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



2000 1 - -





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



2000 1 - -






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount





10334 4 6 -2



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


10334 4 2115 3886






Associati2134 1 - -


Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




1786 2 2 0



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


38 3 Linklaters 5667 3 10 56570




1786 2 213 738





0

200

400

600

800

1000

1200

1400

0

100

200

300

400

500

600

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals





13448

7511

6876 7196

8177 8350

450

4

228

5

775

204

6

242

7

178

8

306

9

3610

1445 1989

1460

2471

1250 1724

0

200

400

600

800

1000

1200

1400

1600

2007 2008 2009 2010 2011 2012 Q1 2013

Val

ue o

f Dea

ls (U

S$b

n)




62

67

261

54 174

50

89

122

116 05

27

221

162

56 104

19 17

67

289

38











0

25

50

75

100

125

150

175

200

225

250

275

300

325

0

10

20

30

40

50

60

70

80

90

100

110

120

130

140

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)
















Value (US$m)







27362


investor)




Manges

20169


Gallagher







4905






4180


Vinson amp Elkins


4093






3850







3750




Estate Group









SuperValu Inc 3300



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 25262 33 32 1




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Jacobson 25912 10 8098 2200


Flom 25262 33 36614 -310



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 24877 31 23 8




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Jacobson 25829 9 8098 2190


24877 31 29256 -150




Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 559 4 3 1




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change









Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Advogados743 5 8 -3


354 5 10 -5


Flom 5017 4 4 0




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 5017 4 5870 -145






Advogados743 5 2788 -734



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 2197 3 1943 131






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Flom 7312 7 7 0




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Flom 7312 7 11351 -356


Garrison 3568 4 7102 -498



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


155 13 Hogan Lovells 22159 7 51 43349





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Flom 7234 9 9 0


Garrison 1847 7 7 0


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Flom 8553 13 17488 -51






0

100

200

300

400

500

600

700

800

0

20

40

60

80

100

120

140

160

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals






3427 3474

2945

3625 3582 3589

141

0

918

902

105

9

132

0

739

884

851 747

458

666

897 838

645

0

50

100

150

200

250

300

350

400

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




46

39

346

195

168

43

35 20

93 14

26

113

299

81

186

40

50

16

96

93











0

25

50

75

100

125

150

175

0

5

10

15

20

25

30

35

40

45

50

55

60

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

















Value (US$m)





Wiersholm

Seadrill Ltd 2900




Overseas Limited






2559



Stake)



Ltd

2485






1932





1912


Shin amp Kim 1774
















Limited

1508



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount




Flom 6477 9 5 4



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

ValChange


Flom 6477 9 11871 -454


Partners4210 1 - -







Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount



809 3 1 2


- 4 Shin amp Kim 375 3 - -






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



809 3 41 1873


654 1 - -







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 6320 8 11871 -468


Partners4210 1 - -






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Flom 1600 1 10289 -844



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Partners4210 1 - -


Flom 3768 5 1176 2204



51 15 Allen amp Overy 1305 4 243 437




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


10 11 Norton Rose 151 2 3 -1



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Flom 782 1 406 926






0

20

40

60

80

100

120

140

160

0

5

10

15

20

25

30

35

40

45

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals





882

558

784

613

832

722

170

322

122

297

68

215

171

261

173

106 139

118 149

83

0

10

20

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




80 07

113

333

07

273

07

13

133

33

98

73

207

61

244

73

24

85

134












0

10

20

30

40

50

60

70

80

0

10

20

30

40

50

60

Num

ber o

f dea

ls

Valu

e of

Dea

ls (U

S$bn

)



Inbound No of Deals















Value (US$m)


863




721





Beverage Ltd

486












321






Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






0

10

20

30

40

50

60

0

5

10

15

20

25

30

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)






871

504

325

541

452

527

159

346

146

78

127

69

195

199

131

53

253

197

92

185

0

10

20

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)






Value (US$m)


VimpelCom Ltd 6403



Smith Freehills




Family






548





Indonesia

481


amp Myers



management)


Limited (15 Stake)






Capital

226




2012Q1


(US$m)Deal

CountDeal

CountCount





6 2 3 -1


Partners4210 1 - -


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Partners4210 1 - -





Flom 400 1 406 -15





0

5

10

15

20

25

30

0

50

100

150

200

250

o

f Glo

bal M

ampA

Valu

e of

Dea

ls (U

S$bn

)







4510

3871

3297

5024 4828

5242

173

6

150

5

123

5

110

7

179

2

945

192

8

868 1038

571

1303 1422

1056 905

0

100

200

300

400

500

600

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




06

97 19

89

321 193

141

41

23 70

13 27

31

100

04

301

128

108

85

31

171












0

50

100

150

200

250

300

0

10

20

30

40

50

60

70

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)















Value (US$m)


VimpelCom Ltd 6403







Onexim Group 3616


Tele2 AB 3550


White amp Case



Cromwell






Stake)



(Group) Co Ltd

2485






RWE AG 2051





2000






1932




0

5

10

15

20

25

30

0

100

200

300

400

500

600

700

800

900

Val

ue o

f Dea

ls (U

S$b

n)

Per

cent

age

of G

loba

l Mamp

A


0

10

20

30

40

50

60

70

80

0

1

2

3

4

5

6

7

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

Deb

tTot

al F

undi

ng (

)


Deb

tEB

ITD

A M

ultip

le (x

)















0

10

20

30

40

50

60

70

80

90

0

50

100

150

200

250

300

350

400

450

Perc

enta

ge o

f Tot

al E

xits

(exc

l IP

Os)

Valu

e of

Dea

ls (U

S$bn

)


6

8

10

12

14

16

18

20

22

24

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

EBIT

DA

Mul

tiple

(x) -

Ave

rage

Global US Europe










Value (US$m)




individual)



consortium










RWE AG 2043


Announced Date


(US$m)





2569


Partners

2070






1488





280 235 201 204 234 225 247 247 234 235

245

220 208 230 193 205

275 262 275 277

255

300

270 299 279 275

324 342 294 282

219 244 320

267 294 296

154 149 196 206

0

10

20

30

40

50

60

70

80

90

100

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013


0

5

10

15

20

25

30

35

40

0

200

400

600

800

1000

1200

Valu

e of

Dea

ls (U

S$bn

)













About mergermarket




















Deal Criteria

Criteria









ANALYSIS

DEALS DATABASE





Button 1

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Law firms 2

Button 3


Investment bank 2


51 68

356

101

136

65

43

61

97

23

33

143

217

95 96

40

32

48

245

51











0

500

1000

1500

2000

2500

3000

3500

4000

4500

0

200

400

600

800

1000

1200

1400

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)















Value (US$m)






Cromwell

27362



Myers



Moore

21855


investor)




Manges

20169


Gallagher







VimpelCom Ltd 6403




4905



Smith Freehills








4180


Vinson amp Elkins


4093




2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 31649 40 42 -2



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Flom 31649 40 51535 -386



Jacobson 25912 10 8098 2200




2012Q1


(US$m)Deal

CountValue

(US$m) Val Change








1368 7 307 3456




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Count Change


Flom 1368 7 4 3








0

200

400

600

800

1000

1200

1400

1600

1800

2000

0

100

200

300

400

500

600

700

Num

ber o

f Dea

ls

Val

ue o

f Dea

ls (U

S$b

n)

Value (US$bn)

Number of Deals





15190

10054

4666

6391

7258 6934

396

8

286

3

217

1

187

9 242

0

134

4

234

5

2649 2952

1216 1275 1839 1617

1163

0

200

400

600

800

1000

1200

1400

1600

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)





21

57

410

106

101

103

23

42

94

44

43 62

184

151

54 60 47

07

322

70











0

50

100

150

200

250

300

0

25

50

75

100

125

150

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)
















Value (US$m)



Myers



Moore

21855




3970





Onexim Group 3616


Swartling

Tele2 AB 3550





Bruckhaus Deringer


3467



Wickersham amp Taft



Roschier

Royal Ahold NV 3109







Rabobank NV 2590




2012Q1


(US$m)Deal

CountDeal

CountCount




13 20 Eversheds 770 12 21 -9


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Jacobson 21880 2 4920 3447


Partners10334 4 2115 3886


Flom 8207 10 16061 -489





2012Q1


(US$m)Deal

CountValue

(US$m) Val Change







Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Deal Count







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change








Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



90 15 Jones Day 866 7 - -




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Flom 4686 3 - -



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





2000 1 1 0


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



2000 1 - -





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



2000 1 - -






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount





10334 4 6 -2



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


10334 4 2115 3886






Associati2134 1 - -


Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




1786 2 2 0



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


38 3 Linklaters 5667 3 10 56570




1786 2 213 738





0

200

400

600

800

1000

1200

1400

0

100

200

300

400

500

600

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals





13448

7511

6876 7196

8177 8350

450

4

228

5

775

204

6

242

7

178

8

306

9

3610

1445 1989

1460

2471

1250 1724

0

200

400

600

800

1000

1200

1400

1600

2007 2008 2009 2010 2011 2012 Q1 2013

Val

ue o

f Dea

ls (U

S$b

n)




62

67

261

54 174

50

89

122

116 05

27

221

162

56 104

19 17

67

289

38











0

25

50

75

100

125

150

175

200

225

250

275

300

325

0

10

20

30

40

50

60

70

80

90

100

110

120

130

140

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)
















Value (US$m)







27362


investor)




Manges

20169


Gallagher







4905






4180


Vinson amp Elkins


4093






3850







3750




Estate Group









SuperValu Inc 3300



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 25262 33 32 1




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Jacobson 25912 10 8098 2200


Flom 25262 33 36614 -310



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 24877 31 23 8




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Jacobson 25829 9 8098 2190


24877 31 29256 -150




Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 559 4 3 1




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change









Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Advogados743 5 8 -3


354 5 10 -5


Flom 5017 4 4 0




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 5017 4 5870 -145






Advogados743 5 2788 -734



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 2197 3 1943 131






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Flom 7312 7 7 0




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Flom 7312 7 11351 -356


Garrison 3568 4 7102 -498



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


155 13 Hogan Lovells 22159 7 51 43349





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Flom 7234 9 9 0


Garrison 1847 7 7 0


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Flom 8553 13 17488 -51






0

100

200

300

400

500

600

700

800

0

20

40

60

80

100

120

140

160

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals






3427 3474

2945

3625 3582 3589

141

0

918

902

105

9

132

0

739

884

851 747

458

666

897 838

645

0

50

100

150

200

250

300

350

400

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




46

39

346

195

168

43

35 20

93 14

26

113

299

81

186

40

50

16

96

93











0

25

50

75

100

125

150

175

0

5

10

15

20

25

30

35

40

45

50

55

60

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

















Value (US$m)





Wiersholm

Seadrill Ltd 2900




Overseas Limited






2559



Stake)



Ltd

2485






1932





1912


Shin amp Kim 1774
















Limited

1508



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount




Flom 6477 9 5 4



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

ValChange


Flom 6477 9 11871 -454


Partners4210 1 - -







Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount



809 3 1 2


- 4 Shin amp Kim 375 3 - -






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



809 3 41 1873


654 1 - -







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 6320 8 11871 -468


Partners4210 1 - -






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Flom 1600 1 10289 -844



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Partners4210 1 - -


Flom 3768 5 1176 2204



51 15 Allen amp Overy 1305 4 243 437




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


10 11 Norton Rose 151 2 3 -1



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Flom 782 1 406 926






0

20

40

60

80

100

120

140

160

0

5

10

15

20

25

30

35

40

45

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals





882

558

784

613

832

722

170

322

122

297

68

215

171

261

173

106 139

118 149

83

0

10

20

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




80 07

113

333

07

273

07

13

133

33

98

73

207

61

244

73

24

85

134












0

10

20

30

40

50

60

70

80

0

10

20

30

40

50

60

Num

ber o

f dea

ls

Valu

e of

Dea

ls (U

S$bn

)



Inbound No of Deals















Value (US$m)


863




721





Beverage Ltd

486












321






Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






0

10

20

30

40

50

60

0

5

10

15

20

25

30

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)






871

504

325

541

452

527

159

346

146

78

127

69

195

199

131

53

253

197

92

185

0

10

20

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)






Value (US$m)


VimpelCom Ltd 6403



Smith Freehills




Family






548





Indonesia

481


amp Myers



management)


Limited (15 Stake)






Capital

226




2012Q1


(US$m)Deal

CountDeal

CountCount





6 2 3 -1


Partners4210 1 - -


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Partners4210 1 - -





Flom 400 1 406 -15





0

5

10

15

20

25

30

0

50

100

150

200

250

o

f Glo

bal M

ampA

Valu

e of

Dea

ls (U

S$bn

)







4510

3871

3297

5024 4828

5242

173

6

150

5

123

5

110

7

179

2

945

192

8

868 1038

571

1303 1422

1056 905

0

100

200

300

400

500

600

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




06

97 19

89

321 193

141

41

23 70

13 27

31

100

04

301

128

108

85

31

171












0

50

100

150

200

250

300

0

10

20

30

40

50

60

70

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)















Value (US$m)


VimpelCom Ltd 6403







Onexim Group 3616


Tele2 AB 3550


White amp Case



Cromwell






Stake)



(Group) Co Ltd

2485






RWE AG 2051





2000






1932




0

5

10

15

20

25

30

0

100

200

300

400

500

600

700

800

900

Val

ue o

f Dea

ls (U

S$b

n)

Per

cent

age

of G

loba

l Mamp

A


0

10

20

30

40

50

60

70

80

0

1

2

3

4

5

6

7

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

Deb

tTot

al F

undi

ng (

)


Deb

tEB

ITD

A M

ultip

le (x

)















0

10

20

30

40

50

60

70

80

90

0

50

100

150

200

250

300

350

400

450

Perc

enta

ge o

f Tot

al E

xits

(exc

l IP

Os)

Valu

e of

Dea

ls (U

S$bn

)


6

8

10

12

14

16

18

20

22

24

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

EBIT

DA

Mul

tiple

(x) -

Ave

rage

Global US Europe










Value (US$m)




individual)



consortium










RWE AG 2043


Announced Date


(US$m)





2569


Partners

2070






1488





280 235 201 204 234 225 247 247 234 235

245

220 208 230 193 205

275 262 275 277

255

300

270 299 279 275

324 342 294 282

219 244 320

267 294 296

154 149 196 206

0

10

20

30

40

50

60

70

80

90

100

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013


0

5

10

15

20

25

30

35

40

0

200

400

600

800

1000

1200

Valu

e of

Dea

ls (U

S$bn

)













About mergermarket




















Deal Criteria

Criteria









ANALYSIS

DEALS DATABASE





Button 1

Page 1 Off

Page 2

Button 11

Page 3 Off

Page 8

Page 19

Page 28

Page 36

0

Page 43

Button 12

Page 4 Off

Page 9

Page 20

Page 29

Page 37

Page 44

Page 46

Page 47

Page 49

Page 51

Button 13

Button 27

Page 6 Off

Page 7

Page 11

Page 12

Page 22

Page 23

Page 24

Page 31

Page 32

Page 39

Page 42

Button 5

Button 28

Page 13 Off

Page 14

Page 15

Page 16

Page 17

Page 18

Page 25

Page 26

Page 27

Page 33

Page 34

Page 35

Button 6

Button 7

Button 8

Button 9

Button 10

Button 18

Page 50 Off

Law firms 2

Button 3


Investment bank 2





Value (US$m)






Cromwell

27362



Myers



Moore

21855


investor)




Manges

20169


Gallagher







VimpelCom Ltd 6403




4905



Smith Freehills








4180


Vinson amp Elkins


4093




2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 31649 40 42 -2



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Flom 31649 40 51535 -386



Jacobson 25912 10 8098 2200




2012Q1


(US$m)Deal

CountValue

(US$m) Val Change








1368 7 307 3456




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Count Change


Flom 1368 7 4 3








0

200

400

600

800

1000

1200

1400

1600

1800

2000

0

100

200

300

400

500

600

700

Num

ber o

f Dea

ls

Val

ue o

f Dea

ls (U

S$b

n)

Value (US$bn)

Number of Deals





15190

10054

4666

6391

7258 6934

396

8

286

3

217

1

187

9 242

0

134

4

234

5

2649 2952

1216 1275 1839 1617

1163

0

200

400

600

800

1000

1200

1400

1600

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)





21

57

410

106

101

103

23

42

94

44

43 62

184

151

54 60 47

07

322

70











0

50

100

150

200

250

300

0

25

50

75

100

125

150

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)
















Value (US$m)



Myers



Moore

21855




3970





Onexim Group 3616


Swartling

Tele2 AB 3550





Bruckhaus Deringer


3467



Wickersham amp Taft



Roschier

Royal Ahold NV 3109







Rabobank NV 2590




2012Q1


(US$m)Deal

CountDeal

CountCount




13 20 Eversheds 770 12 21 -9


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Jacobson 21880 2 4920 3447


Partners10334 4 2115 3886


Flom 8207 10 16061 -489





2012Q1


(US$m)Deal

CountValue

(US$m) Val Change







Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Deal Count







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change








Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



90 15 Jones Day 866 7 - -




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Flom 4686 3 - -



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





2000 1 1 0


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



2000 1 - -





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



2000 1 - -






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount





10334 4 6 -2



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


10334 4 2115 3886






Associati2134 1 - -


Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




1786 2 2 0



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


38 3 Linklaters 5667 3 10 56570




1786 2 213 738





0

200

400

600

800

1000

1200

1400

0

100

200

300

400

500

600

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals





13448

7511

6876 7196

8177 8350

450

4

228

5

775

204

6

242

7

178

8

306

9

3610

1445 1989

1460

2471

1250 1724

0

200

400

600

800

1000

1200

1400

1600

2007 2008 2009 2010 2011 2012 Q1 2013

Val

ue o

f Dea

ls (U

S$b

n)




62

67

261

54 174

50

89

122

116 05

27

221

162

56 104

19 17

67

289

38











0

25

50

75

100

125

150

175

200

225

250

275

300

325

0

10

20

30

40

50

60

70

80

90

100

110

120

130

140

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)
















Value (US$m)







27362


investor)




Manges

20169


Gallagher







4905






4180


Vinson amp Elkins


4093






3850







3750




Estate Group









SuperValu Inc 3300



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 25262 33 32 1




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Jacobson 25912 10 8098 2200


Flom 25262 33 36614 -310



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 24877 31 23 8




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Jacobson 25829 9 8098 2190


24877 31 29256 -150




Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 559 4 3 1




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change









Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Advogados743 5 8 -3


354 5 10 -5


Flom 5017 4 4 0




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 5017 4 5870 -145






Advogados743 5 2788 -734



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 2197 3 1943 131






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Flom 7312 7 7 0




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Flom 7312 7 11351 -356


Garrison 3568 4 7102 -498



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


155 13 Hogan Lovells 22159 7 51 43349





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Flom 7234 9 9 0


Garrison 1847 7 7 0


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Flom 8553 13 17488 -51






0

100

200

300

400

500

600

700

800

0

20

40

60

80

100

120

140

160

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals






3427 3474

2945

3625 3582 3589

141

0

918

902

105

9

132

0

739

884

851 747

458

666

897 838

645

0

50

100

150

200

250

300

350

400

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




46

39

346

195

168

43

35 20

93 14

26

113

299

81

186

40

50

16

96

93











0

25

50

75

100

125

150

175

0

5

10

15

20

25

30

35

40

45

50

55

60

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

















Value (US$m)





Wiersholm

Seadrill Ltd 2900




Overseas Limited






2559



Stake)



Ltd

2485






1932





1912


Shin amp Kim 1774
















Limited

1508



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount




Flom 6477 9 5 4



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

ValChange


Flom 6477 9 11871 -454


Partners4210 1 - -







Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount



809 3 1 2


- 4 Shin amp Kim 375 3 - -






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



809 3 41 1873


654 1 - -







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 6320 8 11871 -468


Partners4210 1 - -






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Flom 1600 1 10289 -844



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Partners4210 1 - -


Flom 3768 5 1176 2204



51 15 Allen amp Overy 1305 4 243 437




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


10 11 Norton Rose 151 2 3 -1



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Flom 782 1 406 926






0

20

40

60

80

100

120

140

160

0

5

10

15

20

25

30

35

40

45

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals





882

558

784

613

832

722

170

322

122

297

68

215

171

261

173

106 139

118 149

83

0

10

20

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




80 07

113

333

07

273

07

13

133

33

98

73

207

61

244

73

24

85

134












0

10

20

30

40

50

60

70

80

0

10

20

30

40

50

60

Num

ber o

f dea

ls

Valu

e of

Dea

ls (U

S$bn

)



Inbound No of Deals















Value (US$m)


863




721





Beverage Ltd

486












321






Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






0

10

20

30

40

50

60

0

5

10

15

20

25

30

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)






871

504

325

541

452

527

159

346

146

78

127

69

195

199

131

53

253

197

92

185

0

10

20

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)






Value (US$m)


VimpelCom Ltd 6403



Smith Freehills




Family






548





Indonesia

481


amp Myers



management)


Limited (15 Stake)






Capital

226




2012Q1


(US$m)Deal

CountDeal

CountCount





6 2 3 -1


Partners4210 1 - -


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Partners4210 1 - -





Flom 400 1 406 -15





0

5

10

15

20

25

30

0

50

100

150

200

250

o

f Glo

bal M

ampA

Valu

e of

Dea

ls (U

S$bn

)







4510

3871

3297

5024 4828

5242

173

6

150

5

123

5

110

7

179

2

945

192

8

868 1038

571

1303 1422

1056 905

0

100

200

300

400

500

600

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




06

97 19

89

321 193

141

41

23 70

13 27

31

100

04

301

128

108

85

31

171












0

50

100

150

200

250

300

0

10

20

30

40

50

60

70

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)















Value (US$m)


VimpelCom Ltd 6403







Onexim Group 3616


Tele2 AB 3550


White amp Case



Cromwell






Stake)



(Group) Co Ltd

2485






RWE AG 2051





2000






1932




0

5

10

15

20

25

30

0

100

200

300

400

500

600

700

800

900

Val

ue o

f Dea

ls (U

S$b

n)

Per

cent

age

of G

loba

l Mamp

A


0

10

20

30

40

50

60

70

80

0

1

2

3

4

5

6

7

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

Deb

tTot

al F

undi

ng (

)


Deb

tEB

ITD

A M

ultip

le (x

)















0

10

20

30

40

50

60

70

80

90

0

50

100

150

200

250

300

350

400

450

Perc

enta

ge o

f Tot

al E

xits

(exc

l IP

Os)

Valu

e of

Dea

ls (U

S$bn

)


6

8

10

12

14

16

18

20

22

24

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

EBIT

DA

Mul

tiple

(x) -

Ave

rage

Global US Europe










Value (US$m)




individual)



consortium










RWE AG 2043


Announced Date


(US$m)





2569


Partners

2070






1488





280 235 201 204 234 225 247 247 234 235

245

220 208 230 193 205

275 262 275 277

255

300

270 299 279 275

324 342 294 282

219 244 320

267 294 296

154 149 196 206

0

10

20

30

40

50

60

70

80

90

100

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013


0

5

10

15

20

25

30

35

40

0

200

400

600

800

1000

1200

Valu

e of

Dea

ls (U

S$bn

)













About mergermarket




















Deal Criteria

Criteria









ANALYSIS

DEALS DATABASE





Button 1

Page 1 Off

Page 2

Button 11

Page 3 Off

Page 8

Page 19

Page 28

Page 36

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Page 43

Button 12

Page 4 Off

Page 9

Page 20

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Page 47

Page 49

1

Button 13

Button 27

Page 6 Off

Page 7

Page 11

Page 12

Page 22

Page 23

Page 24

Page 31

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Page 39

Page 42

Button 5

Button 28

Page 13 Off

Page 14

Page 15

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Button 6

Button 7

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Button 10

Button 18

Page 50 Off

Law firms 2

Button 3


Investment bank 2



2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 31649 40 42 -2



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Flom 31649 40 51535 -386



Jacobson 25912 10 8098 2200




2012Q1


(US$m)Deal

CountValue

(US$m) Val Change








1368 7 307 3456




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Count Change


Flom 1368 7 4 3








0

200

400

600

800

1000

1200

1400

1600

1800

2000

0

100

200

300

400

500

600

700

Num

ber o

f Dea

ls

Val

ue o

f Dea

ls (U

S$b

n)

Value (US$bn)

Number of Deals





15190

10054

4666

6391

7258 6934

396

8

286

3

217

1

187

9 242

0

134

4

234

5

2649 2952

1216 1275 1839 1617

1163

0

200

400

600

800

1000

1200

1400

1600

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)





21

57

410

106

101

103

23

42

94

44

43 62

184

151

54 60 47

07

322

70











0

50

100

150

200

250

300

0

25

50

75

100

125

150

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)
















Value (US$m)



Myers



Moore

21855




3970





Onexim Group 3616


Swartling

Tele2 AB 3550





Bruckhaus Deringer


3467



Wickersham amp Taft



Roschier

Royal Ahold NV 3109







Rabobank NV 2590




2012Q1


(US$m)Deal

CountDeal

CountCount




13 20 Eversheds 770 12 21 -9


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Jacobson 21880 2 4920 3447


Partners10334 4 2115 3886


Flom 8207 10 16061 -489





2012Q1


(US$m)Deal

CountValue

(US$m) Val Change







Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Deal Count







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change








Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



90 15 Jones Day 866 7 - -




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Flom 4686 3 - -



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





2000 1 1 0


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



2000 1 - -





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



2000 1 - -






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount





10334 4 6 -2



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


10334 4 2115 3886






Associati2134 1 - -


Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




1786 2 2 0



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


38 3 Linklaters 5667 3 10 56570




1786 2 213 738





0

200

400

600

800

1000

1200

1400

0

100

200

300

400

500

600

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals





13448

7511

6876 7196

8177 8350

450

4

228

5

775

204

6

242

7

178

8

306

9

3610

1445 1989

1460

2471

1250 1724

0

200

400

600

800

1000

1200

1400

1600

2007 2008 2009 2010 2011 2012 Q1 2013

Val

ue o

f Dea

ls (U

S$b

n)




62

67

261

54 174

50

89

122

116 05

27

221

162

56 104

19 17

67

289

38











0

25

50

75

100

125

150

175

200

225

250

275

300

325

0

10

20

30

40

50

60

70

80

90

100

110

120

130

140

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)
















Value (US$m)







27362


investor)




Manges

20169


Gallagher







4905






4180


Vinson amp Elkins


4093






3850







3750




Estate Group









SuperValu Inc 3300



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 25262 33 32 1




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Jacobson 25912 10 8098 2200


Flom 25262 33 36614 -310



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 24877 31 23 8




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Jacobson 25829 9 8098 2190


24877 31 29256 -150




Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 559 4 3 1




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change









Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Advogados743 5 8 -3


354 5 10 -5


Flom 5017 4 4 0




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 5017 4 5870 -145






Advogados743 5 2788 -734



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 2197 3 1943 131






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Flom 7312 7 7 0




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Flom 7312 7 11351 -356


Garrison 3568 4 7102 -498



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


155 13 Hogan Lovells 22159 7 51 43349





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Flom 7234 9 9 0


Garrison 1847 7 7 0


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Flom 8553 13 17488 -51






0

100

200

300

400

500

600

700

800

0

20

40

60

80

100

120

140

160

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals






3427 3474

2945

3625 3582 3589

141

0

918

902

105

9

132

0

739

884

851 747

458

666

897 838

645

0

50

100

150

200

250

300

350

400

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




46

39

346

195

168

43

35 20

93 14

26

113

299

81

186

40

50

16

96

93











0

25

50

75

100

125

150

175

0

5

10

15

20

25

30

35

40

45

50

55

60

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

















Value (US$m)





Wiersholm

Seadrill Ltd 2900




Overseas Limited






2559



Stake)



Ltd

2485






1932





1912


Shin amp Kim 1774
















Limited

1508



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount




Flom 6477 9 5 4



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

ValChange


Flom 6477 9 11871 -454


Partners4210 1 - -







Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount



809 3 1 2


- 4 Shin amp Kim 375 3 - -






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



809 3 41 1873


654 1 - -







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 6320 8 11871 -468


Partners4210 1 - -






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Flom 1600 1 10289 -844



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Partners4210 1 - -


Flom 3768 5 1176 2204



51 15 Allen amp Overy 1305 4 243 437




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


10 11 Norton Rose 151 2 3 -1



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Flom 782 1 406 926






0

20

40

60

80

100

120

140

160

0

5

10

15

20

25

30

35

40

45

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals





882

558

784

613

832

722

170

322

122

297

68

215

171

261

173

106 139

118 149

83

0

10

20

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




80 07

113

333

07

273

07

13

133

33

98

73

207

61

244

73

24

85

134












0

10

20

30

40

50

60

70

80

0

10

20

30

40

50

60

Num

ber o

f dea

ls

Valu

e of

Dea

ls (U

S$bn

)



Inbound No of Deals















Value (US$m)


863




721





Beverage Ltd

486












321






Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






0

10

20

30

40

50

60

0

5

10

15

20

25

30

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)






871

504

325

541

452

527

159

346

146

78

127

69

195

199

131

53

253

197

92

185

0

10

20

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)






Value (US$m)


VimpelCom Ltd 6403



Smith Freehills




Family






548





Indonesia

481


amp Myers



management)


Limited (15 Stake)






Capital

226




2012Q1


(US$m)Deal

CountDeal

CountCount





6 2 3 -1


Partners4210 1 - -


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Partners4210 1 - -





Flom 400 1 406 -15





0

5

10

15

20

25

30

0

50

100

150

200

250

o

f Glo

bal M

ampA

Valu

e of

Dea

ls (U

S$bn

)







4510

3871

3297

5024 4828

5242

173

6

150

5

123

5

110

7

179

2

945

192

8

868 1038

571

1303 1422

1056 905

0

100

200

300

400

500

600

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




06

97 19

89

321 193

141

41

23 70

13 27

31

100

04

301

128

108

85

31

171












0

50

100

150

200

250

300

0

10

20

30

40

50

60

70

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)















Value (US$m)


VimpelCom Ltd 6403







Onexim Group 3616


Tele2 AB 3550


White amp Case



Cromwell






Stake)



(Group) Co Ltd

2485






RWE AG 2051





2000






1932




0

5

10

15

20

25

30

0

100

200

300

400

500

600

700

800

900

Val

ue o

f Dea

ls (U

S$b

n)

Per

cent

age

of G

loba

l Mamp

A


0

10

20

30

40

50

60

70

80

0

1

2

3

4

5

6

7

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

Deb

tTot

al F

undi

ng (

)


Deb

tEB

ITD

A M

ultip

le (x

)















0

10

20

30

40

50

60

70

80

90

0

50

100

150

200

250

300

350

400

450

Perc

enta

ge o

f Tot

al E

xits

(exc

l IP

Os)

Valu

e of

Dea

ls (U

S$bn

)


6

8

10

12

14

16

18

20

22

24

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

EBIT

DA

Mul

tiple

(x) -

Ave

rage

Global US Europe










Value (US$m)




individual)



consortium










RWE AG 2043


Announced Date


(US$m)





2569


Partners

2070






1488





280 235 201 204 234 225 247 247 234 235

245

220 208 230 193 205

275 262 275 277

255

300

270 299 279 275

324 342 294 282

219 244 320

267 294 296

154 149 196 206

0

10

20

30

40

50

60

70

80

90

100

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013


0

5

10

15

20

25

30

35

40

0

200

400

600

800

1000

1200

Valu

e of

Dea

ls (U

S$bn

)













About mergermarket




















Deal Criteria

Criteria









ANALYSIS

DEALS DATABASE





Button 1

Page 1 Off

Page 2

Button 11

Page 3 Off

Page 8

Page 19

Page 28

Page 36

Page 40

Page 43

Button 12

Page 4 Off

Page 9

Page 20

Page 29

Page 37

Page 44

Page 46

Page 47

Page 49

Page 51

Button 13

Button 27

Off

Page 7

Page 11

Page 12

Page 22

Page 23

Page 24

Page 31

Page 32

Page 39

Page 42

Button 5

Button 28

Page 13 Off

Page 14

Page 15

Page 16

Page 17

Page 18

Page 25

Page 26

Page 27

Page 33

Page 34

Page 35

Button 6

Button 7

Button 8

Button 9

Button 10

Button 18

Page 50 Off

Law firms 2

Button 3


Investment bank 2



2012Q1


(US$m)Deal

CountValue

(US$m) Val Change








1368 7 307 3456




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Count Change


Flom 1368 7 4 3








0

200

400

600

800

1000

1200

1400

1600

1800

2000

0

100

200

300

400

500

600

700

Num

ber o

f Dea

ls

Val

ue o

f Dea

ls (U

S$b

n)

Value (US$bn)

Number of Deals





15190

10054

4666

6391

7258 6934

396

8

286

3

217

1

187

9 242

0

134

4

234

5

2649 2952

1216 1275 1839 1617

1163

0

200

400

600

800

1000

1200

1400

1600

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)





21

57

410

106

101

103

23

42

94

44

43 62

184

151

54 60 47

07

322

70











0

50

100

150

200

250

300

0

25

50

75

100

125

150

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)
















Value (US$m)



Myers



Moore

21855




3970





Onexim Group 3616


Swartling

Tele2 AB 3550





Bruckhaus Deringer


3467



Wickersham amp Taft



Roschier

Royal Ahold NV 3109







Rabobank NV 2590




2012Q1


(US$m)Deal

CountDeal

CountCount




13 20 Eversheds 770 12 21 -9


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Jacobson 21880 2 4920 3447


Partners10334 4 2115 3886


Flom 8207 10 16061 -489





2012Q1


(US$m)Deal

CountValue

(US$m) Val Change







Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Deal Count







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change








Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



90 15 Jones Day 866 7 - -




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Flom 4686 3 - -



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





2000 1 1 0


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



2000 1 - -





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



2000 1 - -






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount





10334 4 6 -2



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


10334 4 2115 3886






Associati2134 1 - -


Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




1786 2 2 0



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


38 3 Linklaters 5667 3 10 56570




1786 2 213 738





0

200

400

600

800

1000

1200

1400

0

100

200

300

400

500

600

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals





13448

7511

6876 7196

8177 8350

450

4

228

5

775

204

6

242

7

178

8

306

9

3610

1445 1989

1460

2471

1250 1724

0

200

400

600

800

1000

1200

1400

1600

2007 2008 2009 2010 2011 2012 Q1 2013

Val

ue o

f Dea

ls (U

S$b

n)




62

67

261

54 174

50

89

122

116 05

27

221

162

56 104

19 17

67

289

38











0

25

50

75

100

125

150

175

200

225

250

275

300

325

0

10

20

30

40

50

60

70

80

90

100

110

120

130

140

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)
















Value (US$m)







27362


investor)




Manges

20169


Gallagher







4905






4180


Vinson amp Elkins


4093






3850







3750




Estate Group









SuperValu Inc 3300



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 25262 33 32 1




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Jacobson 25912 10 8098 2200


Flom 25262 33 36614 -310



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 24877 31 23 8




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Jacobson 25829 9 8098 2190


24877 31 29256 -150




Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 559 4 3 1




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change









Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Advogados743 5 8 -3


354 5 10 -5


Flom 5017 4 4 0




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 5017 4 5870 -145






Advogados743 5 2788 -734



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 2197 3 1943 131






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Flom 7312 7 7 0




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Flom 7312 7 11351 -356


Garrison 3568 4 7102 -498



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


155 13 Hogan Lovells 22159 7 51 43349





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Flom 7234 9 9 0


Garrison 1847 7 7 0


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Flom 8553 13 17488 -51






0

100

200

300

400

500

600

700

800

0

20

40

60

80

100

120

140

160

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals






3427 3474

2945

3625 3582 3589

141

0

918

902

105

9

132

0

739

884

851 747

458

666

897 838

645

0

50

100

150

200

250

300

350

400

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




46

39

346

195

168

43

35 20

93 14

26

113

299

81

186

40

50

16

96

93











0

25

50

75

100

125

150

175

0

5

10

15

20

25

30

35

40

45

50

55

60

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

















Value (US$m)





Wiersholm

Seadrill Ltd 2900




Overseas Limited






2559



Stake)



Ltd

2485






1932





1912


Shin amp Kim 1774
















Limited

1508



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount




Flom 6477 9 5 4



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

ValChange


Flom 6477 9 11871 -454


Partners4210 1 - -







Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount



809 3 1 2


- 4 Shin amp Kim 375 3 - -






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



809 3 41 1873


654 1 - -







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 6320 8 11871 -468


Partners4210 1 - -






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Flom 1600 1 10289 -844



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Partners4210 1 - -


Flom 3768 5 1176 2204



51 15 Allen amp Overy 1305 4 243 437




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


10 11 Norton Rose 151 2 3 -1



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Flom 782 1 406 926






0

20

40

60

80

100

120

140

160

0

5

10

15

20

25

30

35

40

45

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals





882

558

784

613

832

722

170

322

122

297

68

215

171

261

173

106 139

118 149

83

0

10

20

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




80 07

113

333

07

273

07

13

133

33

98

73

207

61

244

73

24

85

134












0

10

20

30

40

50

60

70

80

0

10

20

30

40

50

60

Num

ber o

f dea

ls

Valu

e of

Dea

ls (U

S$bn

)



Inbound No of Deals















Value (US$m)


863




721





Beverage Ltd

486












321






Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






0

10

20

30

40

50

60

0

5

10

15

20

25

30

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)






871

504

325

541

452

527

159

346

146

78

127

69

195

199

131

53

253

197

92

185

0

10

20

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)






Value (US$m)


VimpelCom Ltd 6403



Smith Freehills




Family






548





Indonesia

481


amp Myers



management)


Limited (15 Stake)






Capital

226




2012Q1


(US$m)Deal

CountDeal

CountCount





6 2 3 -1


Partners4210 1 - -


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Partners4210 1 - -





Flom 400 1 406 -15





0

5

10

15

20

25

30

0

50

100

150

200

250

o

f Glo

bal M

ampA

Valu

e of

Dea

ls (U

S$bn

)







4510

3871

3297

5024 4828

5242

173

6

150

5

123

5

110

7

179

2

945

192

8

868 1038

571

1303 1422

1056 905

0

100

200

300

400

500

600

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




06

97 19

89

321 193

141

41

23 70

13 27

31

100

04

301

128

108

85

31

171












0

50

100

150

200

250

300

0

10

20

30

40

50

60

70

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)















Value (US$m)


VimpelCom Ltd 6403







Onexim Group 3616


Tele2 AB 3550


White amp Case



Cromwell






Stake)



(Group) Co Ltd

2485






RWE AG 2051





2000






1932




0

5

10

15

20

25

30

0

100

200

300

400

500

600

700

800

900

Val

ue o

f Dea

ls (U

S$b

n)

Per

cent

age

of G

loba

l Mamp

A


0

10

20

30

40

50

60

70

80

0

1

2

3

4

5

6

7

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

Deb

tTot

al F

undi

ng (

)


Deb

tEB

ITD

A M

ultip

le (x

)















0

10

20

30

40

50

60

70

80

90

0

50

100

150

200

250

300

350

400

450

Perc

enta

ge o

f Tot

al E

xits

(exc

l IP

Os)

Valu

e of

Dea

ls (U

S$bn

)


6

8

10

12

14

16

18

20

22

24

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

EBIT

DA

Mul

tiple

(x) -

Ave

rage

Global US Europe










Value (US$m)




individual)



consortium










RWE AG 2043


Announced Date


(US$m)





2569


Partners

2070






1488





280 235 201 204 234 225 247 247 234 235

245

220 208 230 193 205

275 262 275 277

255

300

270 299 279 275

324 342 294 282

219 244 320

267 294 296

154 149 196 206

0

10

20

30

40

50

60

70

80

90

100

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013


0

5

10

15

20

25

30

35

40

0

200

400

600

800

1000

1200

Valu

e of

Dea

ls (U

S$bn

)













About mergermarket




















Deal Criteria

Criteria









ANALYSIS

DEALS DATABASE





Button 1

Page 1 Off

Page 2

Button 11

Page 3 Off

Page 8

Page 19

Page 28

Page 36

Page 40

Page 43

Button 12

Page 4 Off

Page 9

Page 20

Page 29

Page 37

Page 44

Page 46

Page 47

Page 49

Page 51

Button 13

Button 27

Page 6 Off

Page 11

Page 12

Page 22

Page 23

Page 24

Page 31

Page 32

Page 39

Page 42

Button 5

Button 28

Page 13 Off

Page 14

Page 15

Page 16

Page 17

Page 18

Page 25

Page 26

Page 27

Page 33

Page 34

Page 35

Button 6

Button 7

Button 8

Button 9

Button 10

Button 18

Page 50 Off

Law firms 2

Button 3


Investment bank 2



0

200

400

600

800

1000

1200

1400

1600

1800

2000

0

100

200

300

400

500

600

700

Num

ber o

f Dea

ls

Val

ue o

f Dea

ls (U

S$b

n)

Value (US$bn)

Number of Deals





15190

10054

4666

6391

7258 6934

396

8

286

3

217

1

187

9 242

0

134

4

234

5

2649 2952

1216 1275 1839 1617

1163

0

200

400

600

800

1000

1200

1400

1600

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)





21

57

410

106

101

103

23

42

94

44

43 62

184

151

54 60 47

07

322

70











0

50

100

150

200

250

300

0

25

50

75

100

125

150

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)
















Value (US$m)



Myers



Moore

21855




3970





Onexim Group 3616


Swartling

Tele2 AB 3550





Bruckhaus Deringer


3467



Wickersham amp Taft



Roschier

Royal Ahold NV 3109







Rabobank NV 2590




2012Q1


(US$m)Deal

CountDeal

CountCount




13 20 Eversheds 770 12 21 -9


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Jacobson 21880 2 4920 3447


Partners10334 4 2115 3886


Flom 8207 10 16061 -489





2012Q1


(US$m)Deal

CountValue

(US$m) Val Change







Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Deal Count







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change








Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



90 15 Jones Day 866 7 - -




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Flom 4686 3 - -



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





2000 1 1 0


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



2000 1 - -





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



2000 1 - -






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount





10334 4 6 -2



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


10334 4 2115 3886






Associati2134 1 - -


Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




1786 2 2 0



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


38 3 Linklaters 5667 3 10 56570




1786 2 213 738





0

200

400

600

800

1000

1200

1400

0

100

200

300

400

500

600

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals





13448

7511

6876 7196

8177 8350

450

4

228

5

775

204

6

242

7

178

8

306

9

3610

1445 1989

1460

2471

1250 1724

0

200

400

600

800

1000

1200

1400

1600

2007 2008 2009 2010 2011 2012 Q1 2013

Val

ue o

f Dea

ls (U

S$b

n)




62

67

261

54 174

50

89

122

116 05

27

221

162

56 104

19 17

67

289

38











0

25

50

75

100

125

150

175

200

225

250

275

300

325

0

10

20

30

40

50

60

70

80

90

100

110

120

130

140

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)
















Value (US$m)







27362


investor)




Manges

20169


Gallagher







4905






4180


Vinson amp Elkins


4093






3850







3750




Estate Group









SuperValu Inc 3300



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 25262 33 32 1




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Jacobson 25912 10 8098 2200


Flom 25262 33 36614 -310



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 24877 31 23 8




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Jacobson 25829 9 8098 2190


24877 31 29256 -150




Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 559 4 3 1




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change









Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Advogados743 5 8 -3


354 5 10 -5


Flom 5017 4 4 0




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 5017 4 5870 -145






Advogados743 5 2788 -734



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 2197 3 1943 131






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Flom 7312 7 7 0




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Flom 7312 7 11351 -356


Garrison 3568 4 7102 -498



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


155 13 Hogan Lovells 22159 7 51 43349





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Flom 7234 9 9 0


Garrison 1847 7 7 0


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Flom 8553 13 17488 -51






0

100

200

300

400

500

600

700

800

0

20

40

60

80

100

120

140

160

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals






3427 3474

2945

3625 3582 3589

141

0

918

902

105

9

132

0

739

884

851 747

458

666

897 838

645

0

50

100

150

200

250

300

350

400

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




46

39

346

195

168

43

35 20

93 14

26

113

299

81

186

40

50

16

96

93











0

25

50

75

100

125

150

175

0

5

10

15

20

25

30

35

40

45

50

55

60

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

















Value (US$m)





Wiersholm

Seadrill Ltd 2900




Overseas Limited






2559



Stake)



Ltd

2485






1932





1912


Shin amp Kim 1774
















Limited

1508



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount




Flom 6477 9 5 4



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

ValChange


Flom 6477 9 11871 -454


Partners4210 1 - -







Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount



809 3 1 2


- 4 Shin amp Kim 375 3 - -






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



809 3 41 1873


654 1 - -







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 6320 8 11871 -468


Partners4210 1 - -






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Flom 1600 1 10289 -844



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Partners4210 1 - -


Flom 3768 5 1176 2204



51 15 Allen amp Overy 1305 4 243 437




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


10 11 Norton Rose 151 2 3 -1



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Flom 782 1 406 926






0

20

40

60

80

100

120

140

160

0

5

10

15

20

25

30

35

40

45

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals





882

558

784

613

832

722

170

322

122

297

68

215

171

261

173

106 139

118 149

83

0

10

20

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




80 07

113

333

07

273

07

13

133

33

98

73

207

61

244

73

24

85

134












0

10

20

30

40

50

60

70

80

0

10

20

30

40

50

60

Num

ber o

f dea

ls

Valu

e of

Dea

ls (U

S$bn

)



Inbound No of Deals















Value (US$m)


863




721





Beverage Ltd

486












321






Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






0

10

20

30

40

50

60

0

5

10

15

20

25

30

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)






871

504

325

541

452

527

159

346

146

78

127

69

195

199

131

53

253

197

92

185

0

10

20

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)






Value (US$m)


VimpelCom Ltd 6403



Smith Freehills




Family






548





Indonesia

481


amp Myers



management)


Limited (15 Stake)






Capital

226




2012Q1


(US$m)Deal

CountDeal

CountCount





6 2 3 -1


Partners4210 1 - -


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Partners4210 1 - -





Flom 400 1 406 -15





0

5

10

15

20

25

30

0

50

100

150

200

250

o

f Glo

bal M

ampA

Valu

e of

Dea

ls (U

S$bn

)







4510

3871

3297

5024 4828

5242

173

6

150

5

123

5

110

7

179

2

945

192

8

868 1038

571

1303 1422

1056 905

0

100

200

300

400

500

600

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




06

97 19

89

321 193

141

41

23 70

13 27

31

100

04

301

128

108

85

31

171












0

50

100

150

200

250

300

0

10

20

30

40

50

60

70

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)















Value (US$m)


VimpelCom Ltd 6403







Onexim Group 3616


Tele2 AB 3550


White amp Case



Cromwell






Stake)



(Group) Co Ltd

2485






RWE AG 2051





2000






1932




0

5

10

15

20

25

30

0

100

200

300

400

500

600

700

800

900

Val

ue o

f Dea

ls (U

S$b

n)

Per

cent

age

of G

loba

l Mamp

A


0

10

20

30

40

50

60

70

80

0

1

2

3

4

5

6

7

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

Deb

tTot

al F

undi

ng (

)


Deb

tEB

ITD

A M

ultip

le (x

)















0

10

20

30

40

50

60

70

80

90

0

50

100

150

200

250

300

350

400

450

Perc

enta

ge o

f Tot

al E

xits

(exc

l IP

Os)

Valu

e of

Dea

ls (U

S$bn

)


6

8

10

12

14

16

18

20

22

24

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

EBIT

DA

Mul

tiple

(x) -

Ave

rage

Global US Europe










Value (US$m)




individual)



consortium










RWE AG 2043


Announced Date


(US$m)





2569


Partners

2070






1488





280 235 201 204 234 225 247 247 234 235

245

220 208 230 193 205

275 262 275 277

255

300

270 299 279 275

324 342 294 282

219 244 320

267 294 296

154 149 196 206

0

10

20

30

40

50

60

70

80

90

100

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013


0

5

10

15

20

25

30

35

40

0

200

400

600

800

1000

1200

Valu

e of

Dea

ls (U

S$bn

)













About mergermarket




















Deal Criteria

Criteria









ANALYSIS

DEALS DATABASE





Button 1

Page 1 Off

Page 2

Button 11

Page 3 Off

Page 19

Page 28

Page 36

Page 40

Page 43

Button 12

Page 4 Off

Page 9

Page 20

Page 29

Page 37

Page 44

Page 46

Page 47

Page 49

Page 51

Button 13

Button 27

Page 6 Off

Page 7

Page 11

Page 12

Page 22

Page 23

Page 24

Page 31

Page 32

Page 39

Page 42

Button 5

Button 28

Page 13 Off

Page 14

Page 15

Page 16

Page 17

Page 18

Page 25

Page 26

Page 27

Page 33

Page 34

Page 35

Button 6

Button 7

Button 8

Button 9

Button 10

Button 18

Page 50 Off

Law firms 2

Button 3


Investment bank 2


21

57

410

106

101

103

23

42

94

44

43 62

184

151

54 60 47

07

322

70











0

50

100

150

200

250

300

0

25

50

75

100

125

150

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)
















Value (US$m)



Myers



Moore

21855




3970





Onexim Group 3616


Swartling

Tele2 AB 3550





Bruckhaus Deringer


3467



Wickersham amp Taft



Roschier

Royal Ahold NV 3109







Rabobank NV 2590




2012Q1


(US$m)Deal

CountDeal

CountCount




13 20 Eversheds 770 12 21 -9


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Jacobson 21880 2 4920 3447


Partners10334 4 2115 3886


Flom 8207 10 16061 -489





2012Q1


(US$m)Deal

CountValue

(US$m) Val Change







Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Deal Count







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change








Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



90 15 Jones Day 866 7 - -




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Flom 4686 3 - -



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





2000 1 1 0


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



2000 1 - -





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



2000 1 - -






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount





10334 4 6 -2



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


10334 4 2115 3886






Associati2134 1 - -


Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




1786 2 2 0



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


38 3 Linklaters 5667 3 10 56570




1786 2 213 738





0

200

400

600

800

1000

1200

1400

0

100

200

300

400

500

600

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals





13448

7511

6876 7196

8177 8350

450

4

228

5

775

204

6

242

7

178

8

306

9

3610

1445 1989

1460

2471

1250 1724

0

200

400

600

800

1000

1200

1400

1600

2007 2008 2009 2010 2011 2012 Q1 2013

Val

ue o

f Dea

ls (U

S$b

n)




62

67

261

54 174

50

89

122

116 05

27

221

162

56 104

19 17

67

289

38











0

25

50

75

100

125

150

175

200

225

250

275

300

325

0

10

20

30

40

50

60

70

80

90

100

110

120

130

140

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)
















Value (US$m)







27362


investor)




Manges

20169


Gallagher







4905






4180


Vinson amp Elkins


4093






3850







3750




Estate Group









SuperValu Inc 3300



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 25262 33 32 1




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Jacobson 25912 10 8098 2200


Flom 25262 33 36614 -310



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 24877 31 23 8




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Jacobson 25829 9 8098 2190


24877 31 29256 -150




Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 559 4 3 1




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change









Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Advogados743 5 8 -3


354 5 10 -5


Flom 5017 4 4 0




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 5017 4 5870 -145






Advogados743 5 2788 -734



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 2197 3 1943 131






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Flom 7312 7 7 0




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Flom 7312 7 11351 -356


Garrison 3568 4 7102 -498



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


155 13 Hogan Lovells 22159 7 51 43349





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Flom 7234 9 9 0


Garrison 1847 7 7 0


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Flom 8553 13 17488 -51






0

100

200

300

400

500

600

700

800

0

20

40

60

80

100

120

140

160

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals






3427 3474

2945

3625 3582 3589

141

0

918

902

105

9

132

0

739

884

851 747

458

666

897 838

645

0

50

100

150

200

250

300

350

400

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




46

39

346

195

168

43

35 20

93 14

26

113

299

81

186

40

50

16

96

93











0

25

50

75

100

125

150

175

0

5

10

15

20

25

30

35

40

45

50

55

60

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

















Value (US$m)





Wiersholm

Seadrill Ltd 2900




Overseas Limited






2559



Stake)



Ltd

2485






1932





1912


Shin amp Kim 1774
















Limited

1508



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount




Flom 6477 9 5 4



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

ValChange


Flom 6477 9 11871 -454


Partners4210 1 - -







Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount



809 3 1 2


- 4 Shin amp Kim 375 3 - -






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



809 3 41 1873


654 1 - -







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 6320 8 11871 -468


Partners4210 1 - -






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Flom 1600 1 10289 -844



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Partners4210 1 - -


Flom 3768 5 1176 2204



51 15 Allen amp Overy 1305 4 243 437




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


10 11 Norton Rose 151 2 3 -1



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Flom 782 1 406 926






0

20

40

60

80

100

120

140

160

0

5

10

15

20

25

30

35

40

45

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals





882

558

784

613

832

722

170

322

122

297

68

215

171

261

173

106 139

118 149

83

0

10

20

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




80 07

113

333

07

273

07

13

133

33

98

73

207

61

244

73

24

85

134












0

10

20

30

40

50

60

70

80

0

10

20

30

40

50

60

Num

ber o

f dea

ls

Valu

e of

Dea

ls (U

S$bn

)



Inbound No of Deals















Value (US$m)


863




721





Beverage Ltd

486












321






Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






0

10

20

30

40

50

60

0

5

10

15

20

25

30

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)






871

504

325

541

452

527

159

346

146

78

127

69

195

199

131

53

253

197

92

185

0

10

20

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)






Value (US$m)


VimpelCom Ltd 6403



Smith Freehills




Family






548





Indonesia

481


amp Myers



management)


Limited (15 Stake)






Capital

226




2012Q1


(US$m)Deal

CountDeal

CountCount





6 2 3 -1


Partners4210 1 - -


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Partners4210 1 - -





Flom 400 1 406 -15





0

5

10

15

20

25

30

0

50

100

150

200

250

o

f Glo

bal M

ampA

Valu

e of

Dea

ls (U

S$bn

)







4510

3871

3297

5024 4828

5242

173

6

150

5

123

5

110

7

179

2

945

192

8

868 1038

571

1303 1422

1056 905

0

100

200

300

400

500

600

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




06

97 19

89

321 193

141

41

23 70

13 27

31

100

04

301

128

108

85

31

171












0

50

100

150

200

250

300

0

10

20

30

40

50

60

70

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)















Value (US$m)


VimpelCom Ltd 6403







Onexim Group 3616


Tele2 AB 3550


White amp Case



Cromwell






Stake)



(Group) Co Ltd

2485






RWE AG 2051





2000






1932




0

5

10

15

20

25

30

0

100

200

300

400

500

600

700

800

900

Val

ue o

f Dea

ls (U

S$b

n)

Per

cent

age

of G

loba

l Mamp

A


0

10

20

30

40

50

60

70

80

0

1

2

3

4

5

6

7

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

Deb

tTot

al F

undi

ng (

)


Deb

tEB

ITD

A M

ultip

le (x

)















0

10

20

30

40

50

60

70

80

90

0

50

100

150

200

250

300

350

400

450

Perc

enta

ge o

f Tot

al E

xits

(exc

l IP

Os)

Valu

e of

Dea

ls (U

S$bn

)


6

8

10

12

14

16

18

20

22

24

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

EBIT

DA

Mul

tiple

(x) -

Ave

rage

Global US Europe










Value (US$m)




individual)



consortium










RWE AG 2043


Announced Date


(US$m)





2569


Partners

2070






1488





280 235 201 204 234 225 247 247 234 235

245

220 208 230 193 205

275 262 275 277

255

300

270 299 279 275

324 342 294 282

219 244 320

267 294 296

154 149 196 206

0

10

20

30

40

50

60

70

80

90

100

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013


0

5

10

15

20

25

30

35

40

0

200

400

600

800

1000

1200

Valu

e of

Dea

ls (U

S$bn

)













About mergermarket




















Deal Criteria

Criteria









ANALYSIS

DEALS DATABASE





Button 1

Page 1 Off

Page 2

Button 11

Page 3 Off

Page 8

Page 19

Page 28

Page 36

Page 40

Page 43

Button 12

Page 4 Off

Page 20

Page 29

Page 37

Page 44

Page 46

Page 47

Page 49

Page 51

Button 13

Button 27

Page 6 Off

Page 7

Page 11

Page 12

Page 22

Page 23

Page 24

Page 31

Page 32

Page 39

Page 42

Button 5

Button 28

Page 13 Off

Page 14

Page 15

Page 16

Page 17

Page 18

Page 25

Page 26

Page 27

Page 33

Page 34

Page 35

Button 6

Button 7

Button 8

Button 9

Button 10

Button 18

Page 50 Off

Law firms 2

Button 3


Investment bank 2





Value (US$m)



Myers



Moore

21855




3970





Onexim Group 3616


Swartling

Tele2 AB 3550





Bruckhaus Deringer


3467



Wickersham amp Taft



Roschier

Royal Ahold NV 3109







Rabobank NV 2590




2012Q1


(US$m)Deal

CountDeal

CountCount




13 20 Eversheds 770 12 21 -9


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Jacobson 21880 2 4920 3447


Partners10334 4 2115 3886


Flom 8207 10 16061 -489





2012Q1


(US$m)Deal

CountValue

(US$m) Val Change







Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Deal Count







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change








Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



90 15 Jones Day 866 7 - -




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Flom 4686 3 - -



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





2000 1 1 0


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



2000 1 - -





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



2000 1 - -






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount





10334 4 6 -2



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


10334 4 2115 3886






Associati2134 1 - -


Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




1786 2 2 0



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


38 3 Linklaters 5667 3 10 56570




1786 2 213 738





0

200

400

600

800

1000

1200

1400

0

100

200

300

400

500

600

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals





13448

7511

6876 7196

8177 8350

450

4

228

5

775

204

6

242

7

178

8

306

9

3610

1445 1989

1460

2471

1250 1724

0

200

400

600

800

1000

1200

1400

1600

2007 2008 2009 2010 2011 2012 Q1 2013

Val

ue o

f Dea

ls (U

S$b

n)




62

67

261

54 174

50

89

122

116 05

27

221

162

56 104

19 17

67

289

38











0

25

50

75

100

125

150

175

200

225

250

275

300

325

0

10

20

30

40

50

60

70

80

90

100

110

120

130

140

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)
















Value (US$m)







27362


investor)




Manges

20169


Gallagher







4905






4180


Vinson amp Elkins


4093






3850







3750




Estate Group









SuperValu Inc 3300



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 25262 33 32 1




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Jacobson 25912 10 8098 2200


Flom 25262 33 36614 -310



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 24877 31 23 8




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Jacobson 25829 9 8098 2190


24877 31 29256 -150




Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 559 4 3 1




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change









Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Advogados743 5 8 -3


354 5 10 -5


Flom 5017 4 4 0




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 5017 4 5870 -145






Advogados743 5 2788 -734



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 2197 3 1943 131






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Flom 7312 7 7 0




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Flom 7312 7 11351 -356


Garrison 3568 4 7102 -498



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


155 13 Hogan Lovells 22159 7 51 43349





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Flom 7234 9 9 0


Garrison 1847 7 7 0


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Flom 8553 13 17488 -51






0

100

200

300

400

500

600

700

800

0

20

40

60

80

100

120

140

160

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals






3427 3474

2945

3625 3582 3589

141

0

918

902

105

9

132

0

739

884

851 747

458

666

897 838

645

0

50

100

150

200

250

300

350

400

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




46

39

346

195

168

43

35 20

93 14

26

113

299

81

186

40

50

16

96

93











0

25

50

75

100

125

150

175

0

5

10

15

20

25

30

35

40

45

50

55

60

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

















Value (US$m)





Wiersholm

Seadrill Ltd 2900




Overseas Limited






2559



Stake)



Ltd

2485






1932





1912


Shin amp Kim 1774
















Limited

1508



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount




Flom 6477 9 5 4



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

ValChange


Flom 6477 9 11871 -454


Partners4210 1 - -







Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount



809 3 1 2


- 4 Shin amp Kim 375 3 - -






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



809 3 41 1873


654 1 - -







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 6320 8 11871 -468


Partners4210 1 - -






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Flom 1600 1 10289 -844



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Partners4210 1 - -


Flom 3768 5 1176 2204



51 15 Allen amp Overy 1305 4 243 437




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


10 11 Norton Rose 151 2 3 -1



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Flom 782 1 406 926






0

20

40

60

80

100

120

140

160

0

5

10

15

20

25

30

35

40

45

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals





882

558

784

613

832

722

170

322

122

297

68

215

171

261

173

106 139

118 149

83

0

10

20

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




80 07

113

333

07

273

07

13

133

33

98

73

207

61

244

73

24

85

134












0

10

20

30

40

50

60

70

80

0

10

20

30

40

50

60

Num

ber o

f dea

ls

Valu

e of

Dea

ls (U

S$bn

)



Inbound No of Deals















Value (US$m)


863




721





Beverage Ltd

486












321






Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






0

10

20

30

40

50

60

0

5

10

15

20

25

30

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)






871

504

325

541

452

527

159

346

146

78

127

69

195

199

131

53

253

197

92

185

0

10

20

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)






Value (US$m)


VimpelCom Ltd 6403



Smith Freehills




Family






548





Indonesia

481


amp Myers



management)


Limited (15 Stake)






Capital

226




2012Q1


(US$m)Deal

CountDeal

CountCount





6 2 3 -1


Partners4210 1 - -


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Partners4210 1 - -





Flom 400 1 406 -15





0

5

10

15

20

25

30

0

50

100

150

200

250

o

f Glo

bal M

ampA

Valu

e of

Dea

ls (U

S$bn

)







4510

3871

3297

5024 4828

5242

173

6

150

5

123

5

110

7

179

2

945

192

8

868 1038

571

1303 1422

1056 905

0

100

200

300

400

500

600

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




06

97 19

89

321 193

141

41

23 70

13 27

31

100

04

301

128

108

85

31

171












0

50

100

150

200

250

300

0

10

20

30

40

50

60

70

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)















Value (US$m)


VimpelCom Ltd 6403







Onexim Group 3616


Tele2 AB 3550


White amp Case



Cromwell






Stake)



(Group) Co Ltd

2485






RWE AG 2051





2000






1932




0

5

10

15

20

25

30

0

100

200

300

400

500

600

700

800

900

Val

ue o

f Dea

ls (U

S$b

n)

Per

cent

age

of G

loba

l Mamp

A


0

10

20

30

40

50

60

70

80

0

1

2

3

4

5

6

7

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

Deb

tTot

al F

undi

ng (

)


Deb

tEB

ITD

A M

ultip

le (x

)















0

10

20

30

40

50

60

70

80

90

0

50

100

150

200

250

300

350

400

450

Perc

enta

ge o

f Tot

al E

xits

(exc

l IP

Os)

Valu

e of

Dea

ls (U

S$bn

)


6

8

10

12

14

16

18

20

22

24

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

EBIT

DA

Mul

tiple

(x) -

Ave

rage

Global US Europe










Value (US$m)




individual)



consortium










RWE AG 2043


Announced Date


(US$m)





2569


Partners

2070






1488





280 235 201 204 234 225 247 247 234 235

245

220 208 230 193 205

275 262 275 277

255

300

270 299 279 275

324 342 294 282

219 244 320

267 294 296

154 149 196 206

0

10

20

30

40

50

60

70

80

90

100

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013


0

5

10

15

20

25

30

35

40

0

200

400

600

800

1000

1200

Valu

e of

Dea

ls (U

S$bn

)













About mergermarket




















Deal Criteria

Criteria









ANALYSIS

DEALS DATABASE





Button 1

Page 1 Off

Page 2

Button 11

Page 3 Off

Page 8

Page 19

Page 28

Page 36

Page 40

Page 43

Button 12

Page 4 Off

Page 9

Page 20

Page 29

Page 37

Page 44

Page 46

Page 47

Page 49

Page 51

Button 13

Button 27

Page 6 Off

Page 7

Page 11

Page 12

Page 22

Page 23

Page 24

Page 31

Page 32

Page 39

Page 42

Button 5

Button 28

Page 13 Off

Page 14

Page 15

Page 16

Page 17

Page 18

Page 25

Page 26

Page 27

Page 33

Page 34

Page 35

Button 6

Button 7

Button 8

Button 9

Button 10

Button 18

Page 50 Off

Law firms 2

Button 3


Investment bank 2



2012Q1


(US$m)Deal

CountDeal

CountCount




13 20 Eversheds 770 12 21 -9


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Jacobson 21880 2 4920 3447


Partners10334 4 2115 3886


Flom 8207 10 16061 -489





2012Q1


(US$m)Deal

CountValue

(US$m) Val Change







Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Deal Count







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change








Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



90 15 Jones Day 866 7 - -




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Flom 4686 3 - -



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





2000 1 1 0


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



2000 1 - -





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



2000 1 - -






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount





10334 4 6 -2



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


10334 4 2115 3886






Associati2134 1 - -


Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




1786 2 2 0



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


38 3 Linklaters 5667 3 10 56570




1786 2 213 738





0

200

400

600

800

1000

1200

1400

0

100

200

300

400

500

600

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals





13448

7511

6876 7196

8177 8350

450

4

228

5

775

204

6

242

7

178

8

306

9

3610

1445 1989

1460

2471

1250 1724

0

200

400

600

800

1000

1200

1400

1600

2007 2008 2009 2010 2011 2012 Q1 2013

Val

ue o

f Dea

ls (U

S$b

n)




62

67

261

54 174

50

89

122

116 05

27

221

162

56 104

19 17

67

289

38











0

25

50

75

100

125

150

175

200

225

250

275

300

325

0

10

20

30

40

50

60

70

80

90

100

110

120

130

140

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)
















Value (US$m)







27362


investor)




Manges

20169


Gallagher







4905






4180


Vinson amp Elkins


4093






3850







3750




Estate Group









SuperValu Inc 3300



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 25262 33 32 1




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Jacobson 25912 10 8098 2200


Flom 25262 33 36614 -310



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 24877 31 23 8




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Jacobson 25829 9 8098 2190


24877 31 29256 -150




Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 559 4 3 1




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change









Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Advogados743 5 8 -3


354 5 10 -5


Flom 5017 4 4 0




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 5017 4 5870 -145






Advogados743 5 2788 -734



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 2197 3 1943 131






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Flom 7312 7 7 0




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Flom 7312 7 11351 -356


Garrison 3568 4 7102 -498



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


155 13 Hogan Lovells 22159 7 51 43349





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Flom 7234 9 9 0


Garrison 1847 7 7 0


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Flom 8553 13 17488 -51






0

100

200

300

400

500

600

700

800

0

20

40

60

80

100

120

140

160

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals






3427 3474

2945

3625 3582 3589

141

0

918

902

105

9

132

0

739

884

851 747

458

666

897 838

645

0

50

100

150

200

250

300

350

400

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




46

39

346

195

168

43

35 20

93 14

26

113

299

81

186

40

50

16

96

93











0

25

50

75

100

125

150

175

0

5

10

15

20

25

30

35

40

45

50

55

60

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

















Value (US$m)





Wiersholm

Seadrill Ltd 2900




Overseas Limited






2559



Stake)



Ltd

2485






1932





1912


Shin amp Kim 1774
















Limited

1508



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount




Flom 6477 9 5 4



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

ValChange


Flom 6477 9 11871 -454


Partners4210 1 - -







Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount



809 3 1 2


- 4 Shin amp Kim 375 3 - -






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



809 3 41 1873


654 1 - -







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 6320 8 11871 -468


Partners4210 1 - -






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Flom 1600 1 10289 -844



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Partners4210 1 - -


Flom 3768 5 1176 2204



51 15 Allen amp Overy 1305 4 243 437




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


10 11 Norton Rose 151 2 3 -1



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Flom 782 1 406 926






0

20

40

60

80

100

120

140

160

0

5

10

15

20

25

30

35

40

45

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals





882

558

784

613

832

722

170

322

122

297

68

215

171

261

173

106 139

118 149

83

0

10

20

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




80 07

113

333

07

273

07

13

133

33

98

73

207

61

244

73

24

85

134












0

10

20

30

40

50

60

70

80

0

10

20

30

40

50

60

Num

ber o

f dea

ls

Valu

e of

Dea

ls (U

S$bn

)



Inbound No of Deals















Value (US$m)


863




721





Beverage Ltd

486












321






Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






0

10

20

30

40

50

60

0

5

10

15

20

25

30

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)






871

504

325

541

452

527

159

346

146

78

127

69

195

199

131

53

253

197

92

185

0

10

20

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)






Value (US$m)


VimpelCom Ltd 6403



Smith Freehills




Family






548





Indonesia

481


amp Myers



management)


Limited (15 Stake)






Capital

226




2012Q1


(US$m)Deal

CountDeal

CountCount





6 2 3 -1


Partners4210 1 - -


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Partners4210 1 - -





Flom 400 1 406 -15





0

5

10

15

20

25

30

0

50

100

150

200

250

o

f Glo

bal M

ampA

Valu

e of

Dea

ls (U

S$bn

)







4510

3871

3297

5024 4828

5242

173

6

150

5

123

5

110

7

179

2

945

192

8

868 1038

571

1303 1422

1056 905

0

100

200

300

400

500

600

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




06

97 19

89

321 193

141

41

23 70

13 27

31

100

04

301

128

108

85

31

171












0

50

100

150

200

250

300

0

10

20

30

40

50

60

70

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)















Value (US$m)


VimpelCom Ltd 6403







Onexim Group 3616


Tele2 AB 3550


White amp Case



Cromwell






Stake)



(Group) Co Ltd

2485






RWE AG 2051





2000






1932




0

5

10

15

20

25

30

0

100

200

300

400

500

600

700

800

900

Val

ue o

f Dea

ls (U

S$b

n)

Per

cent

age

of G

loba

l Mamp

A


0

10

20

30

40

50

60

70

80

0

1

2

3

4

5

6

7

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

Deb

tTot

al F

undi

ng (

)


Deb

tEB

ITD

A M

ultip

le (x

)















0

10

20

30

40

50

60

70

80

90

0

50

100

150

200

250

300

350

400

450

Perc

enta

ge o

f Tot

al E

xits

(exc

l IP

Os)

Valu

e of

Dea

ls (U

S$bn

)


6

8

10

12

14

16

18

20

22

24

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

EBIT

DA

Mul

tiple

(x) -

Ave

rage

Global US Europe










Value (US$m)




individual)



consortium










RWE AG 2043


Announced Date


(US$m)





2569


Partners

2070






1488





280 235 201 204 234 225 247 247 234 235

245

220 208 230 193 205

275 262 275 277

255

300

270 299 279 275

324 342 294 282

219 244 320

267 294 296

154 149 196 206

0

10

20

30

40

50

60

70

80

90

100

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013


0

5

10

15

20

25

30

35

40

0

200

400

600

800

1000

1200

Valu

e of

Dea

ls (U

S$bn

)













About mergermarket




















Deal Criteria

Criteria









ANALYSIS

DEALS DATABASE





Button 1

Page 1 Off

Page 2

Button 11

Page 3 Off

Page 8

Page 19

Page 28

Page 36

Page 40

Page 43

Button 12

Page 4 Off

Page 9

Page 20

Page 29

Page 37

Page 44

Page 46

Page 47

Page 49

Page 51

Button 13

Button 27

Page 6 Off

Page 7

Page 12

Page 22

Page 23

Page 24

Page 31

Page 32

Page 39

Page 42

Button 5

Button 28

Page 13 Off

Page 14

Page 15

Page 16

Page 17

Page 18

Page 25

Page 26

Page 27

Page 33

Page 34

Page 35

Button 6

Button 7

Button 8

Button 9

Button 10

Button 18

Page 50 Off

Law firms 2

Button 3


Investment bank 2



2012Q1


(US$m)Deal

CountValue

(US$m) Val Change







Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Deal Count







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change








Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



90 15 Jones Day 866 7 - -




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Flom 4686 3 - -



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





2000 1 1 0


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



2000 1 - -





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



2000 1 - -






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount





10334 4 6 -2



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


10334 4 2115 3886






Associati2134 1 - -


Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




1786 2 2 0



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


38 3 Linklaters 5667 3 10 56570




1786 2 213 738





0

200

400

600

800

1000

1200

1400

0

100

200

300

400

500

600

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals





13448

7511

6876 7196

8177 8350

450

4

228

5

775

204

6

242

7

178

8

306

9

3610

1445 1989

1460

2471

1250 1724

0

200

400

600

800

1000

1200

1400

1600

2007 2008 2009 2010 2011 2012 Q1 2013

Val

ue o

f Dea

ls (U

S$b

n)




62

67

261

54 174

50

89

122

116 05

27

221

162

56 104

19 17

67

289

38











0

25

50

75

100

125

150

175

200

225

250

275

300

325

0

10

20

30

40

50

60

70

80

90

100

110

120

130

140

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)
















Value (US$m)







27362


investor)




Manges

20169


Gallagher







4905






4180


Vinson amp Elkins


4093






3850







3750




Estate Group









SuperValu Inc 3300



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 25262 33 32 1




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Jacobson 25912 10 8098 2200


Flom 25262 33 36614 -310



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 24877 31 23 8




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Jacobson 25829 9 8098 2190


24877 31 29256 -150




Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 559 4 3 1




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change









Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Advogados743 5 8 -3


354 5 10 -5


Flom 5017 4 4 0




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 5017 4 5870 -145






Advogados743 5 2788 -734



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 2197 3 1943 131






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Flom 7312 7 7 0




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Flom 7312 7 11351 -356


Garrison 3568 4 7102 -498



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


155 13 Hogan Lovells 22159 7 51 43349





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Flom 7234 9 9 0


Garrison 1847 7 7 0


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Flom 8553 13 17488 -51






0

100

200

300

400

500

600

700

800

0

20

40

60

80

100

120

140

160

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals






3427 3474

2945

3625 3582 3589

141

0

918

902

105

9

132

0

739

884

851 747

458

666

897 838

645

0

50

100

150

200

250

300

350

400

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




46

39

346

195

168

43

35 20

93 14

26

113

299

81

186

40

50

16

96

93











0

25

50

75

100

125

150

175

0

5

10

15

20

25

30

35

40

45

50

55

60

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

















Value (US$m)





Wiersholm

Seadrill Ltd 2900




Overseas Limited






2559



Stake)



Ltd

2485






1932





1912


Shin amp Kim 1774
















Limited

1508



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount




Flom 6477 9 5 4



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

ValChange


Flom 6477 9 11871 -454


Partners4210 1 - -







Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount



809 3 1 2


- 4 Shin amp Kim 375 3 - -






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



809 3 41 1873


654 1 - -







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 6320 8 11871 -468


Partners4210 1 - -






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Flom 1600 1 10289 -844



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Partners4210 1 - -


Flom 3768 5 1176 2204



51 15 Allen amp Overy 1305 4 243 437




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


10 11 Norton Rose 151 2 3 -1



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Flom 782 1 406 926






0

20

40

60

80

100

120

140

160

0

5

10

15

20

25

30

35

40

45

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals





882

558

784

613

832

722

170

322

122

297

68

215

171

261

173

106 139

118 149

83

0

10

20

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




80 07

113

333

07

273

07

13

133

33

98

73

207

61

244

73

24

85

134












0

10

20

30

40

50

60

70

80

0

10

20

30

40

50

60

Num

ber o

f dea

ls

Valu

e of

Dea

ls (U

S$bn

)



Inbound No of Deals















Value (US$m)


863




721





Beverage Ltd

486












321






Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






0

10

20

30

40

50

60

0

5

10

15

20

25

30

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)






871

504

325

541

452

527

159

346

146

78

127

69

195

199

131

53

253

197

92

185

0

10

20

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)






Value (US$m)


VimpelCom Ltd 6403



Smith Freehills




Family






548





Indonesia

481


amp Myers



management)


Limited (15 Stake)






Capital

226




2012Q1


(US$m)Deal

CountDeal

CountCount





6 2 3 -1


Partners4210 1 - -


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Partners4210 1 - -





Flom 400 1 406 -15





0

5

10

15

20

25

30

0

50

100

150

200

250

o

f Glo

bal M

ampA

Valu

e of

Dea

ls (U

S$bn

)







4510

3871

3297

5024 4828

5242

173

6

150

5

123

5

110

7

179

2

945

192

8

868 1038

571

1303 1422

1056 905

0

100

200

300

400

500

600

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




06

97 19

89

321 193

141

41

23 70

13 27

31

100

04

301

128

108

85

31

171












0

50

100

150

200

250

300

0

10

20

30

40

50

60

70

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)















Value (US$m)


VimpelCom Ltd 6403







Onexim Group 3616


Tele2 AB 3550


White amp Case



Cromwell






Stake)



(Group) Co Ltd

2485






RWE AG 2051





2000






1932




0

5

10

15

20

25

30

0

100

200

300

400

500

600

700

800

900

Val

ue o

f Dea

ls (U

S$b

n)

Per

cent

age

of G

loba

l Mamp

A


0

10

20

30

40

50

60

70

80

0

1

2

3

4

5

6

7

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

Deb

tTot

al F

undi

ng (

)


Deb

tEB

ITD

A M

ultip

le (x

)















0

10

20

30

40

50

60

70

80

90

0

50

100

150

200

250

300

350

400

450

Perc

enta

ge o

f Tot

al E

xits

(exc

l IP

Os)

Valu

e of

Dea

ls (U

S$bn

)


6

8

10

12

14

16

18

20

22

24

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

EBIT

DA

Mul

tiple

(x) -

Ave

rage

Global US Europe










Value (US$m)




individual)



consortium










RWE AG 2043


Announced Date


(US$m)





2569


Partners

2070






1488





280 235 201 204 234 225 247 247 234 235

245

220 208 230 193 205

275 262 275 277

255

300

270 299 279 275

324 342 294 282

219 244 320

267 294 296

154 149 196 206

0

10

20

30

40

50

60

70

80

90

100

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013


0

5

10

15

20

25

30

35

40

0

200

400

600

800

1000

1200

Valu

e of

Dea

ls (U

S$bn

)













About mergermarket




















Deal Criteria

Criteria









ANALYSIS

DEALS DATABASE





Button 1

Page 1 Off

Page 2

Button 11

Page 3 Off

Page 8

Page 19

Page 28

Page 36

Page 40

Page 43

Button 12

Page 4 Off

Page 9

Page 20

Page 29

Page 37

Page 44

Page 46

Page 47

Page 49

Page 51

Button 13

Button 27

Page 6 Off

Page 7

Page 11

Page 22

Page 23

Page 24

Page 31

Page 32

Page 39

Page 42

Button 5

Button 28

Page 13 Off

Page 14

Page 15

Page 16

Page 17

Page 18

Page 25

Page 26

Page 27

Page 33

Page 34

Page 35

Button 6

Button 7

Button 8

Button 9

Button 10

Button 18

Page 50 Off

Law firms 2

Button 3


Investment bank 2



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change








Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



90 15 Jones Day 866 7 - -




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Flom 4686 3 - -



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





2000 1 1 0


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



2000 1 - -





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



2000 1 - -






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount





10334 4 6 -2



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


10334 4 2115 3886






Associati2134 1 - -


Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




1786 2 2 0



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


38 3 Linklaters 5667 3 10 56570




1786 2 213 738





0

200

400

600

800

1000

1200

1400

0

100

200

300

400

500

600

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals





13448

7511

6876 7196

8177 8350

450

4

228

5

775

204

6

242

7

178

8

306

9

3610

1445 1989

1460

2471

1250 1724

0

200

400

600

800

1000

1200

1400

1600

2007 2008 2009 2010 2011 2012 Q1 2013

Val

ue o

f Dea

ls (U

S$b

n)




62

67

261

54 174

50

89

122

116 05

27

221

162

56 104

19 17

67

289

38











0

25

50

75

100

125

150

175

200

225

250

275

300

325

0

10

20

30

40

50

60

70

80

90

100

110

120

130

140

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)
















Value (US$m)







27362


investor)




Manges

20169


Gallagher







4905






4180


Vinson amp Elkins


4093






3850







3750




Estate Group









SuperValu Inc 3300



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 25262 33 32 1




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Jacobson 25912 10 8098 2200


Flom 25262 33 36614 -310



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 24877 31 23 8




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Jacobson 25829 9 8098 2190


24877 31 29256 -150




Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 559 4 3 1




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change









Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Advogados743 5 8 -3


354 5 10 -5


Flom 5017 4 4 0




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 5017 4 5870 -145






Advogados743 5 2788 -734



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 2197 3 1943 131






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Flom 7312 7 7 0




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Flom 7312 7 11351 -356


Garrison 3568 4 7102 -498



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


155 13 Hogan Lovells 22159 7 51 43349





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Flom 7234 9 9 0


Garrison 1847 7 7 0


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Flom 8553 13 17488 -51






0

100

200

300

400

500

600

700

800

0

20

40

60

80

100

120

140

160

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals






3427 3474

2945

3625 3582 3589

141

0

918

902

105

9

132

0

739

884

851 747

458

666

897 838

645

0

50

100

150

200

250

300

350

400

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




46

39

346

195

168

43

35 20

93 14

26

113

299

81

186

40

50

16

96

93











0

25

50

75

100

125

150

175

0

5

10

15

20

25

30

35

40

45

50

55

60

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

















Value (US$m)





Wiersholm

Seadrill Ltd 2900




Overseas Limited






2559



Stake)



Ltd

2485






1932





1912


Shin amp Kim 1774
















Limited

1508



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount




Flom 6477 9 5 4



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

ValChange


Flom 6477 9 11871 -454


Partners4210 1 - -







Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount



809 3 1 2


- 4 Shin amp Kim 375 3 - -






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



809 3 41 1873


654 1 - -







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 6320 8 11871 -468


Partners4210 1 - -






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Flom 1600 1 10289 -844



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Partners4210 1 - -


Flom 3768 5 1176 2204



51 15 Allen amp Overy 1305 4 243 437




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


10 11 Norton Rose 151 2 3 -1



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Flom 782 1 406 926






0

20

40

60

80

100

120

140

160

0

5

10

15

20

25

30

35

40

45

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals





882

558

784

613

832

722

170

322

122

297

68

215

171

261

173

106 139

118 149

83

0

10

20

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




80 07

113

333

07

273

07

13

133

33

98

73

207

61

244

73

24

85

134












0

10

20

30

40

50

60

70

80

0

10

20

30

40

50

60

Num

ber o

f dea

ls

Valu

e of

Dea

ls (U

S$bn

)



Inbound No of Deals















Value (US$m)


863




721





Beverage Ltd

486












321






Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






0

10

20

30

40

50

60

0

5

10

15

20

25

30

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)






871

504

325

541

452

527

159

346

146

78

127

69

195

199

131

53

253

197

92

185

0

10

20

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)






Value (US$m)


VimpelCom Ltd 6403



Smith Freehills




Family






548





Indonesia

481


amp Myers



management)


Limited (15 Stake)






Capital

226




2012Q1


(US$m)Deal

CountDeal

CountCount





6 2 3 -1


Partners4210 1 - -


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Partners4210 1 - -





Flom 400 1 406 -15





0

5

10

15

20

25

30

0

50

100

150

200

250

o

f Glo

bal M

ampA

Valu

e of

Dea

ls (U

S$bn

)







4510

3871

3297

5024 4828

5242

173

6

150

5

123

5

110

7

179

2

945

192

8

868 1038

571

1303 1422

1056 905

0

100

200

300

400

500

600

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




06

97 19

89

321 193

141

41

23 70

13 27

31

100

04

301

128

108

85

31

171












0

50

100

150

200

250

300

0

10

20

30

40

50

60

70

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)















Value (US$m)


VimpelCom Ltd 6403







Onexim Group 3616


Tele2 AB 3550


White amp Case



Cromwell






Stake)



(Group) Co Ltd

2485






RWE AG 2051





2000






1932




0

5

10

15

20

25

30

0

100

200

300

400

500

600

700

800

900

Val

ue o

f Dea

ls (U

S$b

n)

Per

cent

age

of G

loba

l Mamp

A


0

10

20

30

40

50

60

70

80

0

1

2

3

4

5

6

7

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

Deb

tTot

al F

undi

ng (

)


Deb

tEB

ITD

A M

ultip

le (x

)















0

10

20

30

40

50

60

70

80

90

0

50

100

150

200

250

300

350

400

450

Perc

enta

ge o

f Tot

al E

xits

(exc

l IP

Os)

Valu

e of

Dea

ls (U

S$bn

)


6

8

10

12

14

16

18

20

22

24

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

EBIT

DA

Mul

tiple

(x) -

Ave

rage

Global US Europe










Value (US$m)




individual)



consortium










RWE AG 2043


Announced Date


(US$m)





2569


Partners

2070






1488





280 235 201 204 234 225 247 247 234 235

245

220 208 230 193 205

275 262 275 277

255

300

270 299 279 275

324 342 294 282

219 244 320

267 294 296

154 149 196 206

0

10

20

30

40

50

60

70

80

90

100

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013


0

5

10

15

20

25

30

35

40

0

200

400

600

800

1000

1200

Valu

e of

Dea

ls (U

S$bn

)













About mergermarket




















Deal Criteria

Criteria









ANALYSIS

DEALS DATABASE





Button 1

Page 1 Off

Page 2

Button 11

Page 3 Off

Page 8

Page 19

Page 28

Page 36

Page 40

Page 43

Button 12

Page 4 Off

Page 9

Page 20

Page 29

Page 37

Page 44

Page 46

Page 47

Page 49

Page 51

Button 13

Button 27

Page 6 Off

Page 7

Page 11

Page 12

Page 22

Page 23

Page 24

Page 31

Page 32

Page 39

Page 42

Button 5

Button 28

Off

Page 14

Page 15

Page 16

Page 17

Page 18

Page 25

Page 26

Page 27

Page 33

Page 34

Page 35

Button 6

Button 7

Button 8

Button 9

Button 10

Button 18

Page 50 Off

Law firms 2

Button 3


Investment bank 2



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



90 15 Jones Day 866 7 - -




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Flom 4686 3 - -



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





2000 1 1 0


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



2000 1 - -





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



2000 1 - -






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount





10334 4 6 -2



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


10334 4 2115 3886






Associati2134 1 - -


Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




1786 2 2 0



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


38 3 Linklaters 5667 3 10 56570




1786 2 213 738





0

200

400

600

800

1000

1200

1400

0

100

200

300

400

500

600

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals





13448

7511

6876 7196

8177 8350

450

4

228

5

775

204

6

242

7

178

8

306

9

3610

1445 1989

1460

2471

1250 1724

0

200

400

600

800

1000

1200

1400

1600

2007 2008 2009 2010 2011 2012 Q1 2013

Val

ue o

f Dea

ls (U

S$b

n)




62

67

261

54 174

50

89

122

116 05

27

221

162

56 104

19 17

67

289

38











0

25

50

75

100

125

150

175

200

225

250

275

300

325

0

10

20

30

40

50

60

70

80

90

100

110

120

130

140

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)
















Value (US$m)







27362


investor)




Manges

20169


Gallagher







4905






4180


Vinson amp Elkins


4093






3850







3750




Estate Group









SuperValu Inc 3300



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 25262 33 32 1




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Jacobson 25912 10 8098 2200


Flom 25262 33 36614 -310



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 24877 31 23 8




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Jacobson 25829 9 8098 2190


24877 31 29256 -150




Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 559 4 3 1




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change









Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Advogados743 5 8 -3


354 5 10 -5


Flom 5017 4 4 0




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 5017 4 5870 -145






Advogados743 5 2788 -734



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 2197 3 1943 131






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Flom 7312 7 7 0




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Flom 7312 7 11351 -356


Garrison 3568 4 7102 -498



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


155 13 Hogan Lovells 22159 7 51 43349





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Flom 7234 9 9 0


Garrison 1847 7 7 0


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Flom 8553 13 17488 -51






0

100

200

300

400

500

600

700

800

0

20

40

60

80

100

120

140

160

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals






3427 3474

2945

3625 3582 3589

141

0

918

902

105

9

132

0

739

884

851 747

458

666

897 838

645

0

50

100

150

200

250

300

350

400

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




46

39

346

195

168

43

35 20

93 14

26

113

299

81

186

40

50

16

96

93











0

25

50

75

100

125

150

175

0

5

10

15

20

25

30

35

40

45

50

55

60

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

















Value (US$m)





Wiersholm

Seadrill Ltd 2900




Overseas Limited






2559



Stake)



Ltd

2485






1932





1912


Shin amp Kim 1774
















Limited

1508



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount




Flom 6477 9 5 4



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

ValChange


Flom 6477 9 11871 -454


Partners4210 1 - -







Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount



809 3 1 2


- 4 Shin amp Kim 375 3 - -






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



809 3 41 1873


654 1 - -







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 6320 8 11871 -468


Partners4210 1 - -






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Flom 1600 1 10289 -844



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Partners4210 1 - -


Flom 3768 5 1176 2204



51 15 Allen amp Overy 1305 4 243 437




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


10 11 Norton Rose 151 2 3 -1



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Flom 782 1 406 926






0

20

40

60

80

100

120

140

160

0

5

10

15

20

25

30

35

40

45

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals





882

558

784

613

832

722

170

322

122

297

68

215

171

261

173

106 139

118 149

83

0

10

20

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




80 07

113

333

07

273

07

13

133

33

98

73

207

61

244

73

24

85

134












0

10

20

30

40

50

60

70

80

0

10

20

30

40

50

60

Num

ber o

f dea

ls

Valu

e of

Dea

ls (U

S$bn

)



Inbound No of Deals















Value (US$m)


863




721





Beverage Ltd

486












321






Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






0

10

20

30

40

50

60

0

5

10

15

20

25

30

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)






871

504

325

541

452

527

159

346

146

78

127

69

195

199

131

53

253

197

92

185

0

10

20

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)






Value (US$m)


VimpelCom Ltd 6403



Smith Freehills




Family






548





Indonesia

481


amp Myers



management)


Limited (15 Stake)






Capital

226




2012Q1


(US$m)Deal

CountDeal

CountCount





6 2 3 -1


Partners4210 1 - -


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Partners4210 1 - -





Flom 400 1 406 -15





0

5

10

15

20

25

30

0

50

100

150

200

250

o

f Glo

bal M

ampA

Valu

e of

Dea

ls (U

S$bn

)







4510

3871

3297

5024 4828

5242

173

6

150

5

123

5

110

7

179

2

945

192

8

868 1038

571

1303 1422

1056 905

0

100

200

300

400

500

600

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




06

97 19

89

321 193

141

41

23 70

13 27

31

100

04

301

128

108

85

31

171












0

50

100

150

200

250

300

0

10

20

30

40

50

60

70

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)















Value (US$m)


VimpelCom Ltd 6403







Onexim Group 3616


Tele2 AB 3550


White amp Case



Cromwell






Stake)



(Group) Co Ltd

2485






RWE AG 2051





2000






1932




0

5

10

15

20

25

30

0

100

200

300

400

500

600

700

800

900

Val

ue o

f Dea

ls (U

S$b

n)

Per

cent

age

of G

loba

l Mamp

A


0

10

20

30

40

50

60

70

80

0

1

2

3

4

5

6

7

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

Deb

tTot

al F

undi

ng (

)


Deb

tEB

ITD

A M

ultip

le (x

)















0

10

20

30

40

50

60

70

80

90

0

50

100

150

200

250

300

350

400

450

Perc

enta

ge o

f Tot

al E

xits

(exc

l IP

Os)

Valu

e of

Dea

ls (U

S$bn

)


6

8

10

12

14

16

18

20

22

24

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

EBIT

DA

Mul

tiple

(x) -

Ave

rage

Global US Europe










Value (US$m)




individual)



consortium










RWE AG 2043


Announced Date


(US$m)





2569


Partners

2070






1488





280 235 201 204 234 225 247 247 234 235

245

220 208 230 193 205

275 262 275 277

255

300

270 299 279 275

324 342 294 282

219 244 320

267 294 296

154 149 196 206

0

10

20

30

40

50

60

70

80

90

100

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013


0

5

10

15

20

25

30

35

40

0

200

400

600

800

1000

1200

Valu

e of

Dea

ls (U

S$bn

)













About mergermarket




















Deal Criteria

Criteria









ANALYSIS

DEALS DATABASE





Button 1

Page 1 Off

Page 2

Button 11

Page 3 Off

Page 8

Page 19

Page 28

Page 36

Page 40

Page 43

Button 12

Page 4 Off

Page 9

Page 20

Page 29

Page 37

Page 44

Page 46

Page 47

Page 49

Page 51

Button 13

Button 27

Page 6 Off

Page 7

Page 11

Page 12

Page 22

Page 23

Page 24

Page 31

Page 32

Page 39

Page 42

Button 5

Button 28

Page 13 Off

Page 15

Page 16

Page 17

Page 18

Page 25

Page 26

Page 27

Page 33

Page 34

Page 35

Button 6

Button 7

Button 8

Button 9

Button 10

Button 18

Page 50 Off

Law firms 2

Button 3


Investment bank 2



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Flom 4686 3 - -



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





2000 1 1 0


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



2000 1 - -





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



2000 1 - -






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount





10334 4 6 -2



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


10334 4 2115 3886






Associati2134 1 - -


Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




1786 2 2 0



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


38 3 Linklaters 5667 3 10 56570




1786 2 213 738





0

200

400

600

800

1000

1200

1400

0

100

200

300

400

500

600

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals





13448

7511

6876 7196

8177 8350

450

4

228

5

775

204

6

242

7

178

8

306

9

3610

1445 1989

1460

2471

1250 1724

0

200

400

600

800

1000

1200

1400

1600

2007 2008 2009 2010 2011 2012 Q1 2013

Val

ue o

f Dea

ls (U

S$b

n)




62

67

261

54 174

50

89

122

116 05

27

221

162

56 104

19 17

67

289

38











0

25

50

75

100

125

150

175

200

225

250

275

300

325

0

10

20

30

40

50

60

70

80

90

100

110

120

130

140

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)
















Value (US$m)







27362


investor)




Manges

20169


Gallagher







4905






4180


Vinson amp Elkins


4093






3850







3750




Estate Group









SuperValu Inc 3300



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 25262 33 32 1




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Jacobson 25912 10 8098 2200


Flom 25262 33 36614 -310



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 24877 31 23 8




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Jacobson 25829 9 8098 2190


24877 31 29256 -150




Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 559 4 3 1




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change









Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Advogados743 5 8 -3


354 5 10 -5


Flom 5017 4 4 0




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 5017 4 5870 -145






Advogados743 5 2788 -734



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 2197 3 1943 131






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Flom 7312 7 7 0




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Flom 7312 7 11351 -356


Garrison 3568 4 7102 -498



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


155 13 Hogan Lovells 22159 7 51 43349





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Flom 7234 9 9 0


Garrison 1847 7 7 0


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Flom 8553 13 17488 -51






0

100

200

300

400

500

600

700

800

0

20

40

60

80

100

120

140

160

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals






3427 3474

2945

3625 3582 3589

141

0

918

902

105

9

132

0

739

884

851 747

458

666

897 838

645

0

50

100

150

200

250

300

350

400

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




46

39

346

195

168

43

35 20

93 14

26

113

299

81

186

40

50

16

96

93











0

25

50

75

100

125

150

175

0

5

10

15

20

25

30

35

40

45

50

55

60

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

















Value (US$m)





Wiersholm

Seadrill Ltd 2900




Overseas Limited






2559



Stake)



Ltd

2485






1932





1912


Shin amp Kim 1774
















Limited

1508



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount




Flom 6477 9 5 4



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

ValChange


Flom 6477 9 11871 -454


Partners4210 1 - -







Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount



809 3 1 2


- 4 Shin amp Kim 375 3 - -






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



809 3 41 1873


654 1 - -







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 6320 8 11871 -468


Partners4210 1 - -






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Flom 1600 1 10289 -844



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Partners4210 1 - -


Flom 3768 5 1176 2204



51 15 Allen amp Overy 1305 4 243 437




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


10 11 Norton Rose 151 2 3 -1



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Flom 782 1 406 926






0

20

40

60

80

100

120

140

160

0

5

10

15

20

25

30

35

40

45

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals





882

558

784

613

832

722

170

322

122

297

68

215

171

261

173

106 139

118 149

83

0

10

20

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




80 07

113

333

07

273

07

13

133

33

98

73

207

61

244

73

24

85

134












0

10

20

30

40

50

60

70

80

0

10

20

30

40

50

60

Num

ber o

f dea

ls

Valu

e of

Dea

ls (U

S$bn

)



Inbound No of Deals















Value (US$m)


863




721





Beverage Ltd

486












321






Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






0

10

20

30

40

50

60

0

5

10

15

20

25

30

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)






871

504

325

541

452

527

159

346

146

78

127

69

195

199

131

53

253

197

92

185

0

10

20

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)






Value (US$m)


VimpelCom Ltd 6403



Smith Freehills




Family






548





Indonesia

481


amp Myers



management)


Limited (15 Stake)






Capital

226




2012Q1


(US$m)Deal

CountDeal

CountCount





6 2 3 -1


Partners4210 1 - -


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Partners4210 1 - -





Flom 400 1 406 -15





0

5

10

15

20

25

30

0

50

100

150

200

250

o

f Glo

bal M

ampA

Valu

e of

Dea

ls (U

S$bn

)







4510

3871

3297

5024 4828

5242

173

6

150

5

123

5

110

7

179

2

945

192

8

868 1038

571

1303 1422

1056 905

0

100

200

300

400

500

600

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




06

97 19

89

321 193

141

41

23 70

13 27

31

100

04

301

128

108

85

31

171












0

50

100

150

200

250

300

0

10

20

30

40

50

60

70

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)















Value (US$m)


VimpelCom Ltd 6403







Onexim Group 3616


Tele2 AB 3550


White amp Case



Cromwell






Stake)



(Group) Co Ltd

2485






RWE AG 2051





2000






1932




0

5

10

15

20

25

30

0

100

200

300

400

500

600

700

800

900

Val

ue o

f Dea

ls (U

S$b

n)

Per

cent

age

of G

loba

l Mamp

A


0

10

20

30

40

50

60

70

80

0

1

2

3

4

5

6

7

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

Deb

tTot

al F

undi

ng (

)


Deb

tEB

ITD

A M

ultip

le (x

)















0

10

20

30

40

50

60

70

80

90

0

50

100

150

200

250

300

350

400

450

Perc

enta

ge o

f Tot

al E

xits

(exc

l IP

Os)

Valu

e of

Dea

ls (U

S$bn

)


6

8

10

12

14

16

18

20

22

24

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

EBIT

DA

Mul

tiple

(x) -

Ave

rage

Global US Europe










Value (US$m)




individual)



consortium










RWE AG 2043


Announced Date


(US$m)





2569


Partners

2070






1488





280 235 201 204 234 225 247 247 234 235

245

220 208 230 193 205

275 262 275 277

255

300

270 299 279 275

324 342 294 282

219 244 320

267 294 296

154 149 196 206

0

10

20

30

40

50

60

70

80

90

100

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013


0

5

10

15

20

25

30

35

40

0

200

400

600

800

1000

1200

Valu

e of

Dea

ls (U

S$bn

)













About mergermarket




















Deal Criteria

Criteria









ANALYSIS

DEALS DATABASE





Button 1

Page 1 Off

Page 2

Button 11

Page 3 Off

Page 8

Page 19

Page 28

Page 36

Page 40

Page 43

Button 12

Page 4 Off

Page 9

Page 20

Page 29

Page 37

Page 44

Page 46

Page 47

Page 49

Page 51

Button 13

Button 27

Page 6 Off

Page 7

Page 11

Page 12

Page 22

Page 23

Page 24

Page 31

Page 32

Page 39

Page 42

Button 5

Button 28

Page 13 Off

Page 14

Page 16

Page 17

Page 18

Page 25

Page 26

Page 27

Page 33

Page 34

Page 35

Button 6

Button 7

Button 8

Button 9

Button 10

Button 18

Page 50 Off

Law firms 2

Button 3


Investment bank 2



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





2000 1 1 0


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



2000 1 - -





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



2000 1 - -






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount





10334 4 6 -2



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


10334 4 2115 3886






Associati2134 1 - -


Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




1786 2 2 0



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


38 3 Linklaters 5667 3 10 56570




1786 2 213 738





0

200

400

600

800

1000

1200

1400

0

100

200

300

400

500

600

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals





13448

7511

6876 7196

8177 8350

450

4

228

5

775

204

6

242

7

178

8

306

9

3610

1445 1989

1460

2471

1250 1724

0

200

400

600

800

1000

1200

1400

1600

2007 2008 2009 2010 2011 2012 Q1 2013

Val

ue o

f Dea

ls (U

S$b

n)




62

67

261

54 174

50

89

122

116 05

27

221

162

56 104

19 17

67

289

38











0

25

50

75

100

125

150

175

200

225

250

275

300

325

0

10

20

30

40

50

60

70

80

90

100

110

120

130

140

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)
















Value (US$m)







27362


investor)




Manges

20169


Gallagher







4905






4180


Vinson amp Elkins


4093






3850







3750




Estate Group









SuperValu Inc 3300



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 25262 33 32 1




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Jacobson 25912 10 8098 2200


Flom 25262 33 36614 -310



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 24877 31 23 8




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Jacobson 25829 9 8098 2190


24877 31 29256 -150




Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 559 4 3 1




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change









Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Advogados743 5 8 -3


354 5 10 -5


Flom 5017 4 4 0




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 5017 4 5870 -145






Advogados743 5 2788 -734



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 2197 3 1943 131






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Flom 7312 7 7 0




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Flom 7312 7 11351 -356


Garrison 3568 4 7102 -498



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


155 13 Hogan Lovells 22159 7 51 43349





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Flom 7234 9 9 0


Garrison 1847 7 7 0


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Flom 8553 13 17488 -51






0

100

200

300

400

500

600

700

800

0

20

40

60

80

100

120

140

160

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals






3427 3474

2945

3625 3582 3589

141

0

918

902

105

9

132

0

739

884

851 747

458

666

897 838

645

0

50

100

150

200

250

300

350

400

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




46

39

346

195

168

43

35 20

93 14

26

113

299

81

186

40

50

16

96

93











0

25

50

75

100

125

150

175

0

5

10

15

20

25

30

35

40

45

50

55

60

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

















Value (US$m)





Wiersholm

Seadrill Ltd 2900




Overseas Limited






2559



Stake)



Ltd

2485






1932





1912


Shin amp Kim 1774
















Limited

1508



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount




Flom 6477 9 5 4



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

ValChange


Flom 6477 9 11871 -454


Partners4210 1 - -







Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount



809 3 1 2


- 4 Shin amp Kim 375 3 - -






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



809 3 41 1873


654 1 - -







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 6320 8 11871 -468


Partners4210 1 - -






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Flom 1600 1 10289 -844



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Partners4210 1 - -


Flom 3768 5 1176 2204



51 15 Allen amp Overy 1305 4 243 437




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


10 11 Norton Rose 151 2 3 -1



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Flom 782 1 406 926






0

20

40

60

80

100

120

140

160

0

5

10

15

20

25

30

35

40

45

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals





882

558

784

613

832

722

170

322

122

297

68

215

171

261

173

106 139

118 149

83

0

10

20

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




80 07

113

333

07

273

07

13

133

33

98

73

207

61

244

73

24

85

134












0

10

20

30

40

50

60

70

80

0

10

20

30

40

50

60

Num

ber o

f dea

ls

Valu

e of

Dea

ls (U

S$bn

)



Inbound No of Deals















Value (US$m)


863




721





Beverage Ltd

486












321






Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






0

10

20

30

40

50

60

0

5

10

15

20

25

30

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)






871

504

325

541

452

527

159

346

146

78

127

69

195

199

131

53

253

197

92

185

0

10

20

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)






Value (US$m)


VimpelCom Ltd 6403



Smith Freehills




Family






548





Indonesia

481


amp Myers



management)


Limited (15 Stake)






Capital

226




2012Q1


(US$m)Deal

CountDeal

CountCount





6 2 3 -1


Partners4210 1 - -


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Partners4210 1 - -





Flom 400 1 406 -15





0

5

10

15

20

25

30

0

50

100

150

200

250

o

f Glo

bal M

ampA

Valu

e of

Dea

ls (U

S$bn

)







4510

3871

3297

5024 4828

5242

173

6

150

5

123

5

110

7

179

2

945

192

8

868 1038

571

1303 1422

1056 905

0

100

200

300

400

500

600

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




06

97 19

89

321 193

141

41

23 70

13 27

31

100

04

301

128

108

85

31

171












0

50

100

150

200

250

300

0

10

20

30

40

50

60

70

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)















Value (US$m)


VimpelCom Ltd 6403







Onexim Group 3616


Tele2 AB 3550


White amp Case



Cromwell






Stake)



(Group) Co Ltd

2485






RWE AG 2051





2000






1932




0

5

10

15

20

25

30

0

100

200

300

400

500

600

700

800

900

Val

ue o

f Dea

ls (U

S$b

n)

Per

cent

age

of G

loba

l Mamp

A


0

10

20

30

40

50

60

70

80

0

1

2

3

4

5

6

7

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

Deb

tTot

al F

undi

ng (

)


Deb

tEB

ITD

A M

ultip

le (x

)















0

10

20

30

40

50

60

70

80

90

0

50

100

150

200

250

300

350

400

450

Perc

enta

ge o

f Tot

al E

xits

(exc

l IP

Os)

Valu

e of

Dea

ls (U

S$bn

)


6

8

10

12

14

16

18

20

22

24

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

EBIT

DA

Mul

tiple

(x) -

Ave

rage

Global US Europe










Value (US$m)




individual)



consortium










RWE AG 2043


Announced Date


(US$m)





2569


Partners

2070






1488





280 235 201 204 234 225 247 247 234 235

245

220 208 230 193 205

275 262 275 277

255

300

270 299 279 275

324 342 294 282

219 244 320

267 294 296

154 149 196 206

0

10

20

30

40

50

60

70

80

90

100

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013


0

5

10

15

20

25

30

35

40

0

200

400

600

800

1000

1200

Valu

e of

Dea

ls (U

S$bn

)













About mergermarket




















Deal Criteria

Criteria









ANALYSIS

DEALS DATABASE





Button 1

Page 1 Off

Page 2

Button 11

Page 3 Off

Page 8

Page 19

Page 28

Page 36

Page 40

Page 43

Button 12

Page 4 Off

Page 9

Page 20

Page 29

Page 37

Page 44

Page 46

Page 47

Page 49

Page 51

Button 13

Button 27

Page 6 Off

Page 7

Page 11

Page 12

Page 22

Page 23

Page 24

Page 31

Page 32

Page 39

Page 42

Button 5

Button 28

Page 13 Off

Page 14

Page 15

Page 17

Page 18

Page 25

Page 26

Page 27

Page 33

Page 34

Page 35

Button 6

Button 7

Button 8

Button 9

Button 10

Button 18

Page 50 Off

Law firms 2

Button 3


Investment bank 2



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount





10334 4 6 -2



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


10334 4 2115 3886






Associati2134 1 - -


Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




1786 2 2 0



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


38 3 Linklaters 5667 3 10 56570




1786 2 213 738





0

200

400

600

800

1000

1200

1400

0

100

200

300

400

500

600

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals





13448

7511

6876 7196

8177 8350

450

4

228

5

775

204

6

242

7

178

8

306

9

3610

1445 1989

1460

2471

1250 1724

0

200

400

600

800

1000

1200

1400

1600

2007 2008 2009 2010 2011 2012 Q1 2013

Val

ue o

f Dea

ls (U

S$b

n)




62

67

261

54 174

50

89

122

116 05

27

221

162

56 104

19 17

67

289

38











0

25

50

75

100

125

150

175

200

225

250

275

300

325

0

10

20

30

40

50

60

70

80

90

100

110

120

130

140

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)
















Value (US$m)







27362


investor)




Manges

20169


Gallagher







4905






4180


Vinson amp Elkins


4093






3850







3750




Estate Group









SuperValu Inc 3300



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 25262 33 32 1




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Jacobson 25912 10 8098 2200


Flom 25262 33 36614 -310



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 24877 31 23 8




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Jacobson 25829 9 8098 2190


24877 31 29256 -150




Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 559 4 3 1




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change









Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Advogados743 5 8 -3


354 5 10 -5


Flom 5017 4 4 0




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 5017 4 5870 -145






Advogados743 5 2788 -734



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 2197 3 1943 131






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Flom 7312 7 7 0




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Flom 7312 7 11351 -356


Garrison 3568 4 7102 -498



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


155 13 Hogan Lovells 22159 7 51 43349





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Flom 7234 9 9 0


Garrison 1847 7 7 0


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Flom 8553 13 17488 -51






0

100

200

300

400

500

600

700

800

0

20

40

60

80

100

120

140

160

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals






3427 3474

2945

3625 3582 3589

141

0

918

902

105

9

132

0

739

884

851 747

458

666

897 838

645

0

50

100

150

200

250

300

350

400

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




46

39

346

195

168

43

35 20

93 14

26

113

299

81

186

40

50

16

96

93











0

25

50

75

100

125

150

175

0

5

10

15

20

25

30

35

40

45

50

55

60

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

















Value (US$m)





Wiersholm

Seadrill Ltd 2900




Overseas Limited






2559



Stake)



Ltd

2485






1932





1912


Shin amp Kim 1774
















Limited

1508



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount




Flom 6477 9 5 4



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

ValChange


Flom 6477 9 11871 -454


Partners4210 1 - -







Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount



809 3 1 2


- 4 Shin amp Kim 375 3 - -






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



809 3 41 1873


654 1 - -







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 6320 8 11871 -468


Partners4210 1 - -






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Flom 1600 1 10289 -844



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Partners4210 1 - -


Flom 3768 5 1176 2204



51 15 Allen amp Overy 1305 4 243 437




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


10 11 Norton Rose 151 2 3 -1



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Flom 782 1 406 926






0

20

40

60

80

100

120

140

160

0

5

10

15

20

25

30

35

40

45

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals





882

558

784

613

832

722

170

322

122

297

68

215

171

261

173

106 139

118 149

83

0

10

20

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




80 07

113

333

07

273

07

13

133

33

98

73

207

61

244

73

24

85

134












0

10

20

30

40

50

60

70

80

0

10

20

30

40

50

60

Num

ber o

f dea

ls

Valu

e of

Dea

ls (U

S$bn

)



Inbound No of Deals















Value (US$m)


863




721





Beverage Ltd

486












321






Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






0

10

20

30

40

50

60

0

5

10

15

20

25

30

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)






871

504

325

541

452

527

159

346

146

78

127

69

195

199

131

53

253

197

92

185

0

10

20

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)






Value (US$m)


VimpelCom Ltd 6403



Smith Freehills




Family






548





Indonesia

481


amp Myers



management)


Limited (15 Stake)






Capital

226




2012Q1


(US$m)Deal

CountDeal

CountCount





6 2 3 -1


Partners4210 1 - -


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Partners4210 1 - -





Flom 400 1 406 -15





0

5

10

15

20

25

30

0

50

100

150

200

250

o

f Glo

bal M

ampA

Valu

e of

Dea

ls (U

S$bn

)







4510

3871

3297

5024 4828

5242

173

6

150

5

123

5

110

7

179

2

945

192

8

868 1038

571

1303 1422

1056 905

0

100

200

300

400

500

600

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




06

97 19

89

321 193

141

41

23 70

13 27

31

100

04

301

128

108

85

31

171












0

50

100

150

200

250

300

0

10

20

30

40

50

60

70

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)















Value (US$m)


VimpelCom Ltd 6403







Onexim Group 3616


Tele2 AB 3550


White amp Case



Cromwell






Stake)



(Group) Co Ltd

2485






RWE AG 2051





2000






1932




0

5

10

15

20

25

30

0

100

200

300

400

500

600

700

800

900

Val

ue o

f Dea

ls (U

S$b

n)

Per

cent

age

of G

loba

l Mamp

A


0

10

20

30

40

50

60

70

80

0

1

2

3

4

5

6

7

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

Deb

tTot

al F

undi

ng (

)


Deb

tEB

ITD

A M

ultip

le (x

)















0

10

20

30

40

50

60

70

80

90

0

50

100

150

200

250

300

350

400

450

Perc

enta

ge o

f Tot

al E

xits

(exc

l IP

Os)

Valu

e of

Dea

ls (U

S$bn

)


6

8

10

12

14

16

18

20

22

24

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

EBIT

DA

Mul

tiple

(x) -

Ave

rage

Global US Europe










Value (US$m)




individual)



consortium










RWE AG 2043


Announced Date


(US$m)





2569


Partners

2070






1488





280 235 201 204 234 225 247 247 234 235

245

220 208 230 193 205

275 262 275 277

255

300

270 299 279 275

324 342 294 282

219 244 320

267 294 296

154 149 196 206

0

10

20

30

40

50

60

70

80

90

100

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013


0

5

10

15

20

25

30

35

40

0

200

400

600

800

1000

1200

Valu

e of

Dea

ls (U

S$bn

)













About mergermarket




















Deal Criteria

Criteria









ANALYSIS

DEALS DATABASE





Button 1

Page 1 Off

Page 2

Button 11

Page 3 Off

Page 8

Page 19

Page 28

Page 36

Page 40

Page 43

Button 12

Page 4 Off

Page 9

Page 20

Page 29

Page 37

Page 44

Page 46

Page 47

Page 49

Page 51

Button 13

Button 27

Page 6 Off

Page 7

Page 11

Page 12

Page 22

Page 23

Page 24

Page 31

Page 32

Page 39

Page 42

Button 5

Button 28

Page 13 Off

Page 14

Page 15

Page 16

Page 18

Page 25

Page 26

Page 27

Page 33

Page 34

Page 35

Button 6

Button 7

Button 8

Button 9

Button 10

Button 18

Page 50 Off

Law firms 2

Button 3


Investment bank 2


Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount





10334 4 6 -2



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


10334 4 2115 3886






Associati2134 1 - -


Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




1786 2 2 0



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


38 3 Linklaters 5667 3 10 56570




1786 2 213 738





0

200

400

600

800

1000

1200

1400

0

100

200

300

400

500

600

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals





13448

7511

6876 7196

8177 8350

450

4

228

5

775

204

6

242

7

178

8

306

9

3610

1445 1989

1460

2471

1250 1724

0

200

400

600

800

1000

1200

1400

1600

2007 2008 2009 2010 2011 2012 Q1 2013

Val

ue o

f Dea

ls (U

S$b

n)




62

67

261

54 174

50

89

122

116 05

27

221

162

56 104

19 17

67

289

38











0

25

50

75

100

125

150

175

200

225

250

275

300

325

0

10

20

30

40

50

60

70

80

90

100

110

120

130

140

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)
















Value (US$m)







27362


investor)




Manges

20169


Gallagher







4905






4180


Vinson amp Elkins


4093






3850







3750




Estate Group









SuperValu Inc 3300



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 25262 33 32 1




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Jacobson 25912 10 8098 2200


Flom 25262 33 36614 -310



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 24877 31 23 8




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Jacobson 25829 9 8098 2190


24877 31 29256 -150




Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 559 4 3 1




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change









Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Advogados743 5 8 -3


354 5 10 -5


Flom 5017 4 4 0




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 5017 4 5870 -145






Advogados743 5 2788 -734



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 2197 3 1943 131






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Flom 7312 7 7 0




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Flom 7312 7 11351 -356


Garrison 3568 4 7102 -498



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


155 13 Hogan Lovells 22159 7 51 43349





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Flom 7234 9 9 0


Garrison 1847 7 7 0


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Flom 8553 13 17488 -51






0

100

200

300

400

500

600

700

800

0

20

40

60

80

100

120

140

160

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals






3427 3474

2945

3625 3582 3589

141

0

918

902

105

9

132

0

739

884

851 747

458

666

897 838

645

0

50

100

150

200

250

300

350

400

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




46

39

346

195

168

43

35 20

93 14

26

113

299

81

186

40

50

16

96

93











0

25

50

75

100

125

150

175

0

5

10

15

20

25

30

35

40

45

50

55

60

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

















Value (US$m)





Wiersholm

Seadrill Ltd 2900




Overseas Limited






2559



Stake)



Ltd

2485






1932





1912


Shin amp Kim 1774
















Limited

1508



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount




Flom 6477 9 5 4



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

ValChange


Flom 6477 9 11871 -454


Partners4210 1 - -







Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount



809 3 1 2


- 4 Shin amp Kim 375 3 - -






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



809 3 41 1873


654 1 - -







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 6320 8 11871 -468


Partners4210 1 - -






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Flom 1600 1 10289 -844



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Partners4210 1 - -


Flom 3768 5 1176 2204



51 15 Allen amp Overy 1305 4 243 437




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


10 11 Norton Rose 151 2 3 -1



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Flom 782 1 406 926






0

20

40

60

80

100

120

140

160

0

5

10

15

20

25

30

35

40

45

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals





882

558

784

613

832

722

170

322

122

297

68

215

171

261

173

106 139

118 149

83

0

10

20

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




80 07

113

333

07

273

07

13

133

33

98

73

207

61

244

73

24

85

134












0

10

20

30

40

50

60

70

80

0

10

20

30

40

50

60

Num

ber o

f dea

ls

Valu

e of

Dea

ls (U

S$bn

)



Inbound No of Deals















Value (US$m)


863




721





Beverage Ltd

486












321






Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






0

10

20

30

40

50

60

0

5

10

15

20

25

30

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)






871

504

325

541

452

527

159

346

146

78

127

69

195

199

131

53

253

197

92

185

0

10

20

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)






Value (US$m)


VimpelCom Ltd 6403



Smith Freehills




Family






548





Indonesia

481


amp Myers



management)


Limited (15 Stake)






Capital

226




2012Q1


(US$m)Deal

CountDeal

CountCount





6 2 3 -1


Partners4210 1 - -


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Partners4210 1 - -





Flom 400 1 406 -15





0

5

10

15

20

25

30

0

50

100

150

200

250

o

f Glo

bal M

ampA

Valu

e of

Dea

ls (U

S$bn

)







4510

3871

3297

5024 4828

5242

173

6

150

5

123

5

110

7

179

2

945

192

8

868 1038

571

1303 1422

1056 905

0

100

200

300

400

500

600

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




06

97 19

89

321 193

141

41

23 70

13 27

31

100

04

301

128

108

85

31

171












0

50

100

150

200

250

300

0

10

20

30

40

50

60

70

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)















Value (US$m)


VimpelCom Ltd 6403







Onexim Group 3616


Tele2 AB 3550


White amp Case



Cromwell






Stake)



(Group) Co Ltd

2485






RWE AG 2051





2000






1932




0

5

10

15

20

25

30

0

100

200

300

400

500

600

700

800

900

Val

ue o

f Dea

ls (U

S$b

n)

Per

cent

age

of G

loba

l Mamp

A


0

10

20

30

40

50

60

70

80

0

1

2

3

4

5

6

7

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

Deb

tTot

al F

undi

ng (

)


Deb

tEB

ITD

A M

ultip

le (x

)















0

10

20

30

40

50

60

70

80

90

0

50

100

150

200

250

300

350

400

450

Perc

enta

ge o

f Tot

al E

xits

(exc

l IP

Os)

Valu

e of

Dea

ls (U

S$bn

)


6

8

10

12

14

16

18

20

22

24

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

EBIT

DA

Mul

tiple

(x) -

Ave

rage

Global US Europe










Value (US$m)




individual)



consortium










RWE AG 2043


Announced Date


(US$m)





2569


Partners

2070






1488





280 235 201 204 234 225 247 247 234 235

245

220 208 230 193 205

275 262 275 277

255

300

270 299 279 275

324 342 294 282

219 244 320

267 294 296

154 149 196 206

0

10

20

30

40

50

60

70

80

90

100

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013


0

5

10

15

20

25

30

35

40

0

200

400

600

800

1000

1200

Valu

e of

Dea

ls (U

S$bn

)













About mergermarket




















Deal Criteria

Criteria









ANALYSIS

DEALS DATABASE





Button 1

Page 1 Off

Page 2

Button 11

Page 3 Off

Page 8

Page 19

Page 28

Page 36

Page 40

Page 43

Button 12

Page 4 Off

Page 9

Page 20

Page 29

Page 37

Page 44

Page 46

Page 47

Page 49

Page 51

Button 13

Button 27

Page 6 Off

Page 7

Page 11

Page 12

Page 22

Page 23

Page 24

Page 31

Page 32

Page 39

Page 42

Button 5

Button 28

Page 13 Off

Page 14

Page 15

Page 16

Page 17

Page 25

Page 26

Page 27

Page 33

Page 34

Page 35

Button 6

Button 7

Button 8

Button 9

Button 10

Button 18

Page 50 Off

Law firms 2

Button 3


Investment bank 2



0

200

400

600

800

1000

1200

1400

0

100

200

300

400

500

600

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals





13448

7511

6876 7196

8177 8350

450

4

228

5

775

204

6

242

7

178

8

306

9

3610

1445 1989

1460

2471

1250 1724

0

200

400

600

800

1000

1200

1400

1600

2007 2008 2009 2010 2011 2012 Q1 2013

Val

ue o

f Dea

ls (U

S$b

n)




62

67

261

54 174

50

89

122

116 05

27

221

162

56 104

19 17

67

289

38











0

25

50

75

100

125

150

175

200

225

250

275

300

325

0

10

20

30

40

50

60

70

80

90

100

110

120

130

140

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)
















Value (US$m)







27362


investor)




Manges

20169


Gallagher







4905






4180


Vinson amp Elkins


4093






3850







3750




Estate Group









SuperValu Inc 3300



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 25262 33 32 1




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Jacobson 25912 10 8098 2200


Flom 25262 33 36614 -310



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 24877 31 23 8




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Jacobson 25829 9 8098 2190


24877 31 29256 -150




Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount


Flom 559 4 3 1




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change









Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Advogados743 5 8 -3


354 5 10 -5


Flom 5017 4 4 0




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 5017 4 5870 -145






Advogados743 5 2788 -734



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 2197 3 1943 131






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Flom 7312 7 7 0




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Flom 7312 7 11351 -356


Garrison 3568 4 7102 -498



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


155 13 Hogan Lovells 22159 7 51 43349





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


Flom 7234 9 9 0


Garrison 1847 7 7 0


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Flom 8553 13 17488 -51






0

100

200

300

400

500

600

700

800

0

20

40

60

80

100

120

140

160

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals






3427 3474

2945

3625 3582 3589

141

0

918

902

105

9

132

0

739

884

851 747

458

666

897 838

645

0

50

100

150

200

250

300

350

400

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




46

39

346

195

168

43

35 20

93 14

26

113

299

81

186

40

50

16

96

93











0

25

50

75

100

125

150

175

0

5

10

15

20

25

30

35

40

45

50

55

60

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

















Value (US$m)





Wiersholm

Seadrill Ltd 2900




Overseas Limited






2559



Stake)



Ltd

2485






1932





1912


Shin amp Kim 1774
















Limited

1508



Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount




Flom 6477 9 5 4



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

ValChange


Flom 6477 9 11871 -454


Partners4210 1 - -







Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount



809 3 1 2


- 4 Shin amp Kim 375 3 - -






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



809 3 41 1873


654 1 - -







Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change





Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Flom 6320 8 11871 -468


Partners4210 1 - -






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change




Flom 1600 1 10289 -844



Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change






Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Partners4210 1 - -


Flom 3768 5 1176 2204



51 15 Allen amp Overy 1305 4 243 437




Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change





Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






Q1 2012


Value (US$m)

Deal Count

Deal Count

Count Change


10 11 Norton Rose 151 2 3 -1



Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change



Flom 782 1 406 926






0

20

40

60

80

100

120

140

160

0

5

10

15

20

25

30

35

40

45

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)

Value (US$bn)

Number of Deals





882

558

784

613

832

722

170

322

122

297

68

215

171

261

173

106 139

118 149

83

0

10

20

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




80 07

113

333

07

273

07

13

133

33

98

73

207

61

244

73

24

85

134












0

10

20

30

40

50

60

70

80

0

10

20

30

40

50

60

Num

ber o

f dea

ls

Valu

e of

Dea

ls (U

S$bn

)



Inbound No of Deals















Value (US$m)


863




721





Beverage Ltd

486












321






Ranking Q1 2013 Q1 2012 Q1

2012Q1


(US$m)Deal

CountDeal

CountCount




Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change






0

10

20

30

40

50

60

0

5

10

15

20

25

30

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)






871

504

325

541

452

527

159

346

146

78

127

69

195

199

131

53

253

197

92

185

0

10

20

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)






Value (US$m)


VimpelCom Ltd 6403



Smith Freehills




Family






548





Indonesia

481


amp Myers



management)


Limited (15 Stake)






Capital

226




2012Q1


(US$m)Deal

CountDeal

CountCount





6 2 3 -1


Partners4210 1 - -


Q1 2012


Value (US$m)

Deal Count

Value (US$m)

Val Change


Partners4210 1 - -





Flom 400 1 406 -15





0

5

10

15

20

25

30

0

50

100

150

200

250

o

f Glo

bal M

ampA

Valu

e of

Dea

ls (U

S$bn

)







4510

3871

3297

5024 4828

5242

173

6

150

5

123

5

110

7

179

2

945

192

8

868 1038

571

1303 1422

1056 905

0

100

200

300

400

500

600

2007 2008 2009 2010 2011 2012 Q1 2013

Valu

e of

Dea

ls (U

S$bn

)




06

97 19

89

321 193

141

41

23 70

13 27

31

100

04

301

128

108

85

31

171












0

50

100

150

200

250

300

0

10

20

30

40

50

60

70

Num

ber o

f Dea

ls

Valu

e of

Dea

ls (U

S$bn

)















Value (US$m)


VimpelCom Ltd 6403







Onexim Group 3616


Tele2 AB 3550


White amp Case



Cromwell






Stake)



(Group) Co Ltd

2485






RWE AG 2051





2000






1932




0

5

10

15

20

25

30

0

100

200

300

400

500

600

700

800

900

Val

ue o

f Dea

ls (U

S$b

n)

Per

cent

age

of G

loba

l Mamp

A


0

10

20

30

40

50

60

70

80

0

1

2

3

4

5

6

7

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

Deb

tTot

al F

undi

ng (

)


Deb

tEB

ITD

A M

ultip

le (x

)















0

10

20

30

40

50

60

70

80

90

0

50

100

150

200

250

300

350

400

450

Perc

enta

ge o

f Tot

al E

xits

(exc

l IP

Os)

Valu

e of

Dea

ls (U

S$bn

)


6

8

10

12

14

16

18

20

22

24

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

EBIT

DA

Mul

tiple

(x) -

Ave

rage

Global US Europe










Value (US$m)




individual)



consortium










RWE AG 2043


Announced Date


(US$m)





2569


Partners

2070






1488





280 235 201 204 234 225 247 247 234 235

245

220 208 230 193 205

275 262 275 277

255

300

270 299 279 275

324 342 294 282

219 244 320

267 294 296

154 149 196 206

0

10

20

30

40

50

60

70

80

90

100

2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013


0

5

10

15

20

25

30

35

40

0

200

400

600

800

1000

1200

Valu

e of

Dea

ls (U

S$bn

)













About mergermarket




















Deal Criteria

Criteria









ANALYSIS

DEALS DATABASE





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Mergermarketâ€™s US Q1 2013 Legal Advisor League Table

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Transcript of Mergermarketâ€™s US Q1 2013 Legal Advisor League Table