d21buns5ku92am.cloudfront.net · Worldwide announced Mid-Market M&A deals valued up to $500 million...

MID-MARKET M&A REVIEW FINANCIAL ADVISORS

Full Year 2018

REUTERS / Ronen Zvulun

Indian Involvement Mid-Market Rankings (MM21)

22

7

8

9

10

Hong Kong Involvement Mid-Market Rankings (MM12)

Singapore Involvement Mid-Market Rankings (MM14)

Benelux Involvement Mid-Market Rankings (MM10)

Eastern Europe Involvement Mid-Market Rankings (MM16)

3

Ranking Criteria Summary

20

11

Australia/New Zealand Involvement Mid-Market Rankings (MM11)

6

Italian Involvement Mid-Market Rankings (MM7)

Spanish Involvement Mid-Market Rankings (MM8)

Chinese Involvement Mid-Market Rankings (MM20)

21

https://www.thomsonone.com

Full Year 2018 | Mergers & Acquisitions | Financial Advisors

Mid-Market M&A Review

Table of Contents

Worldwide Mid-Market M&A Deals Intelligence

UK Involvement Mid-Market Rankings (MM4)

French Involvement Mid-Market Rankings (MM5)

1

2

5

Hochinma Involvement Mid-Market Rankings (MM13)

Worldwide Mid-Market Rankings (MM1)

US Target Mid-Market Rankings (MM2)

Latin America Involvement Mid-Market Rankings (MM17)

European Involvement Mid-Market Rankings (MM3)

Nordic Involvement Mid-Market Rankings (MM9)

German Involvement Mid-Market Rankings (MM6)

Canadian Involvement Mid-Market Rankings (MM22) 4

Japanese Involvement Mid-Market Rankings (MM15)

12

13

14

15

16

17

18

19

http://banker.thomsonib.com/

Worldwide Mid-Market M&A up to US$500m by Rank Value Range Jan 1 - Dec 31

Jan 1 - Dec 31

Mid-Market Deals Intelligence

Argentina 3,141.5 104 2,270.8 113

Rank Value

US$m

50,342 ▼

Worldwide Mid-Market M&A up to US$500m by Target Industry


Full Year 2018

DEALS VALUED UP TO US$500 MILLION

MID-MARKET M&A REVIEW

35,301.920,630.9

M&A Rankings For Small-Cap Deals Valued Up To US$50m Are Also Available

1,526

201

1,162

▲

349

5,768.7 1,393

34,231.5

1,761

346South Africa 3,756.7 231 5,780.1167

5,700

1,368

▼▲

1.0

-5.72.0Asia-Pacific (ex Central Asia)

▼

▼

-0.713.858.74.0

-17.8

-13.7

-4.6-28.3

▼

Africa/Middle East/Central Asia ▲

Visit http://dmi.thomsonreuters.com to View Archives and Order Custom League Tables

▼6,911.66,082.9

Germany 17,231.8

2,959 ▲France

12,061 244,424.7

580 ▼Mexico 4,547.9 179

0.6-10.8-11.2

17,148

3,624.3 123▲

13,374.6

Israel 3,487.6

22,382.83,586.0

398 5,510.0

793

-3.2

502

581

Brazil

40,188.9 ▲

13,094.7

India

-1.0

410,041.5127 3,696.8

13,714 13,709401,967.8

▼

29.9

9,493.4

5,761.67,335.1

Switzerland

11,097.4 ▼

302

▲

▲

▼

2,233.6 2,912.115,511

50,019.0

-30.8-14.5

▲

▲

87

3,808.1

542

▼

4,699.2 164 ▼13,159.2

1,494

Worldwide 971,482.8

14,735.3

Chile

0.93.0

-10.2-10.7

Americas 314,540.0 15,656 311,633.7

8,523.7

1,041 19,340.4

502 15,176.7

▼

▼495

Russian Federation436

1,305

South Korea

Colombia

22,609.0

5,727

688

▲

Netherlands

927

1,63532,743.9

3,132

Norway 4,657.6 252

Italy

Sweden 16.2-0.10.2

70.8

▲

22,246.2

Singapore

1,523 ▼Spain 15,985.5 1,083 16,149.3 979 ▼

Poland 5,518.85,072.3

Jan 1 - Dec 31Announced Mid-Market M&A by Target Nation Up To US$500m

31,228.5 1,562829

Region/Nation

1/1/2018 - 12/31/2018 1/1/2017 - 12/31/2017 % Change

in Rank

ValueRank Value

US$m

669

17.1-3.1

-35.0

669 27,049.0Hong Kong

Thailand 5,632.0

China 235,175.8

1,60830,034.5

-4.838.3

-23.3-6.2

# of

Deals

▼

19,309.4 1,557 21,644.8 2,026 ▼

119 ▼

Europe 190,060.7 13,760 202,598.2

# of

Deals

United States of America 251,753.0Canada 28,225.9 2,301 31,431.2

-0.2973,907.2▲

19,411.0

United Kingdom 50,337.9

2,751 ▼

95

47,034

13,080

1,005

Malaysia288Taiwan501

181 4,810.08,482.0

217

Japan 35,324.7 2,669 ▼

6,595.6

331 2,970.4

2,899

Australia

▲

Worldwide announced Mid-Market M&A deals valued up to $500 million (including undisclosed value deals) totaled

US$971.5 billion for 2018, marking a 0.2% decrease year-on-year.

According to estimates, global fees generated from completed Mid-Market M&A activity reached around US$19.7 billion

for 2018.

The Asia-Pacific (ex Central Asia) region (by target domicile) led the market, with US$410 billion of announced deal

activity, representing 42.2% share of the market.

The Americas region (by target domicile) led the market in deal count, with 15,656 deals for 2018, representing 33.3% of

the 47,034 deals announced worldwide.

The Real Estate sector comprised 15.7% of announced value, followed by High Technology and Financials, with 14.1%

and 12.2% of the total market, respectively.

236,937.6

-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

$0

$50

$100

$150

$200

$250

$300

# o

f D

ea

ls

Rank V

alu

e (

US

$b)

US$200 - 500m US$100 - 200m US$50 - 100m US$0 - 50m # of Deals

15.7%

14.1%

12.2%

11.6%

9.6%

8.4%

7.3%

6.0%

5.3%

4.5%3.7%

Real Estate

High Technology

Financials

Industrials

Energy and Power

Materials

Healthcare

Consumer Products and Services

Media and Entertainment

Consumer Staples

Retail

Telecommunications

1

* Source: Thomson Reuters

** Fee exposure indicates each firm's mid-market fees from deals valued at up to US$500m as a percentage of its overall M&A fees in the relevant region.† Imputed Fees shown are based on completed deal activity, whereas deal count & rank values are compiled based on announced deal activity.


Jan 1 - Dec 31Worldwide Mid-Market M&A up to US$500m by Target Nation Region

69.4

64.0

62.2

52.4

84.1

89.4

-

12.6

26.4

100.0

36.1

92.4

Piper Jaffray Cos

37

24.7

-

36*

75

30

71*

28*

2,591.0

▲

100

BNP Paribas SA

Macquarie Group

GCA Corp

13

KBS Corporate Sales Ltd

Moelis & Co

971,482.8

43

Benchmark International

Industry Total 47,034

-

▼

51

87

-18.9

18*

-

36*

-

▼ 18,956.8

IMAP

8

21 148 15

145

-

▼

21

9

16

6

10

26 ▲31*

27

Stifel/KBW

12

36 9

▼

William Blair & Co

-10.5

68

35

33

42*

CITIC

47

41

▼

73*

24

38

8,783.7

103.8▲ 10,703.6

21.9

-

172

29.0

Raymond James Financial Inc

▲

119.2

22

20

Jefferies LLC

16,362.0

-164

200.79

18*

▲34

▲

206.3-3

181

-28

32

39*

Clearwater International

1,661.1

-5.3

-8

45.1

85.1

100.0

29 47.4

▲

1,296.8 -

-5 -

-0.2

13 ▲

100.0

100.0

-

7

22

83.3

10.1 178*

34.5

84 3

4.8

-34.5

0.4

-

75.6

48

47

105

8.3 212*

13

38

15

▼

138.0

23.4

▲

▼

23

▼

42

78

114.6

-

-

116

100.0

47.6

100.0

59.0

-

▲

-8

Worldwide Estimated Mid-Market Investment Banking Fees by Quarter*

21 -

-

19

▲

66

-15 ▼

68

-

12.6

▼

156.7

89

-25.6

11,381.9

180.4

22

UBS

RBC Capital Markets

Duff & Phelps

Deutsche Bank 39*

▲

26

-1

▼-11

8,162.9

45

▲

-5,337.1 15

11▼

▲

-29

Baker Tilly International

28.1

164.4

177.2

4.328

-4 ▼

18

63 10

85.410

0.0

30.7

-

100.0

80

1

82

75 -67 ▼

58*

-3,308

141.5

16

25

314*

17*

32

28

▲

127

33

3,403.982 ▲-

51.7

▼

-15.38,032.6

Source: Thomson Reuters

1,449.8

100.0

-

17.4

55.4

Industrial & Comm Bank China 15

22* ▲41.2

573.8 -

▲

Morgan Stanley

92.5

5,888.5

20

▼

41.2 89.8

313.3

28.0

17

35

Grant Thornton 38

▼

42*

7,405.7

10,186.9

-9 ▼

▲

12

▲

131.0

28*

168.2

-

4.9

-29.4

16

-51 ▼ 2,590.5 -

90.4

22.1

38.2

--

20.3

5,804.6

Lazard

10,229.1 15▲

-100.0

113.8

▼

-

▼

Global M&A

Kaede Group

▼

-5.4 ▼

14

▼

▼

21.3

75.3

205.0

Harris Williams & Co

UniCredit

44

45*

31*

▲

16.0

28*

-

-

28*

105

102

8,239.9

40

34 30

31


69.1

94.6

-54.3694.4 94*

▲

▼ 100.0

19,742.1

24

19 91.4

80.0

25

-

56.3

158

-

▼-8.9

-13.5

31.4

27

- -27.5

Full Year 2018 │ Mid-Market M&A Up To US$500m │ Financial Advisors

Worldwide Mid-Market Rankings (MM1)

-

279.1

45*

Banco BTG Pactual SA 49 84* 62 30 ▲ 4,670.1 - 69.5 ▲ 20.9 104*

*tie

▼

994.7 - -46.9▲

80.3

2

14

87.1

# of Deals

1

9 1

Houlihan Lokey

-9.8

18,186.3 3

7

▼9

8 13

▲

2

-19.7

5 5

Rothschild & Co 4 3

18

8,773.1

▼

JP Morgan

Mizuho Financial Group

-6

11

▼

27

-

5

24

223

2,796.1

Imputed Fees (US$m) †

26

Fees Rank

24.9

17*

6

172

1

Financial Advisor

KPMG

Deals

6

14.0

Advisor 2018

- 21.1

16

7

▼-17.8

▲

▼16,659.8

38

2018

US$m

9,873.7

252

-34

▼

▼

10,798.8 11273 3

114.6

81

17 ▲

298

260.6

58.7

▲

3 6

Ernst & Young LLP

▼

Jan 1 - Dec 31

Exp (%)

** Fee

324 -31

119

9.1

15,042.7

96

94

Bank of America Merrill Lynch

-1.6

507 -15.1

Rank

13 ▼

Deloitte

Barclays 22*

105

28*

-20.0

37.0

128

-

▲

140

-7.6

▼

10,551.8

Change (%)

10

142

▲

4

▼

4.9

57.0

▼

-8.5

▼

23.7

Generational Equity

-5

-

Evercore Partners

▲

Citi 17

25

Oaklins (FKA M&A Intl Inc)

▼ 10,483.5

1413*

▼

▼

27 -2.0

14

12

21 23*

▲

▲

117

5

Clairfield International

8.4

136

▲4,087.910

Nomura

39*

11,625.7

16 15

▼

36

Lincoln International 24

19

Credit Suisse

99

87

▲

▲

-45

12,610.4

▼

▲

128

▲

-

42*

55*

58*

206

12

64

-

4

34.4-

2 32

37.19,581.9

8

-20 ▼

428

- -6.7

-11.6

16

17PricewaterhouseCoopers 2

381

11 184

13* 4,794.1

-20

▼

▼

22,180.7

▲ 5,663.2

211 -8

BDO

MM1 - Undisclosed Values & Values up to US$500m

# of Deals per Advisor

Change in 2017

Rank Value per Advisor (US$m)

Rank Value Rank Value2018

▼

31

14,705.9

▼Goldman Sachs & Co

10

Rank

415*

1

-

4

Sumitomo Mitsui Finl Grp Inc

-1.7

87*

# of

415.9

-42.0170 ▼

▼

2,368.1

20

▲

-19.5

Rank

14

82

2,524.5▼

-9

403.3 -

88.9

259.3

86.6

151 ▼-19

5.5

7 7

23.6

177.0 ▲

58.4 - 95.3 ▲

3.0

-4

6,193.1

87.2

48

26

$0 $50 $100 $150 $200 $250 $300 $350 $400 $450 $500 $550 $600 $650 $700 $750 $800 $850 $900 $950 $1,000

2010

2011

2012

2013

2014

2015

2016

2017

2018

Rank Value (US$b)

Africa/Middle East Americas Asia-Pacific Europe Japan

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

$0

$1

$2

$3

$4

$5

1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q

2010 2011 2012 2013 2014 2015 2016 2017 2018

Pe

rce

nta

ge o

f Tota

l F

ees

Inve

stm

en

t B

an

kin

g F

ee

s (

US

$b

)

Mid-Market I.B. Fees ($500mil or less) % of Total Fees

2


US Target Mid-Market Rankings (MM2)

*tie



BMO Capital Markets 46* 34 20 -10 ▼

46.5

1

RBC Capital Markets

10 ▲57 1,145.7

-

218.6

-3


100.0

10.3 77*

324

142.3

0.0

Wells Fargo & Co

5,148.0

78.2

-

61 98.1

6 -14.5

95.8

11

15

DA Davidson & Co Inc

26

Citi

31

IMAP

10*

5 -7.6

83.3

78.5

21.5

William Blair & Co

Cascadia Capital 46* 47* 20 0 - 0.0

50*

100.0

The Braff Group 46* 58 20

73.9

38

9

29

3

20.9

12*

23

Corporate Finance Associates

Evercore Partners

14

23

103

9

12* 15*

8,286.9

Jan 1 - Dec 31

-

-4.2

▼25

Rank

18

6,052.3

2

1,760.0

3.5

Stephens Inc

31 43

-29.2

27*

Deutsche Bank 28

46 56.6

13

66.0

1,105.3

73.2

22

-

32.0

18


34

389.7

▼

▲

38*

-7

45

-5

2893.1

▼

198*

5.6

Deloitte

4,522.1

52.2

90.7

2,019.2

5 ▲ 0.0 - - - 20.0 53* 100.0

Cowen & Co 46* 74* 20 12 ▲ 885.2 - -18.9 ▼ 18.0

52*

▼

29*

Morgan Stanley

Stout Risius Ross Inc 23*

20

26.2

151.3

9

155.7

6

Stifel/KBW

2

-2


5*

Rank

7

Rank

2018

1

Rank Value Advisor

3

20182017

11 ▲

-3

KPMG


▼

-59.7

-34.2

19

22

103.8

8

Rank Value

72


▼

Macquarie Group

-16

▼

-18

7

5* 8

4Generational Equity

▲

37*

Barclays

JP Morgan 10 76

Moelis & Co

5

-

1,460.2

21

Duff & Phelps

Robert W Baird & Co Inc

▼

Rothschild & Co 43* 30

Piper Jaffray Cos

3

Hovde Group LLC

5,100.7

▼

-5.8

8.8

11,840.7

▼

-23.6

▲

40*

22

40* 20

-

▼

4

132.0

9

-20.24

2

-1 ▼

6,728.1

▲

▼

-

29 50.122 -12

1.0

55.2

7

97

7

17.2 59*

58.8

90

12

14

19

5,070.1

15*

10*

32

22.4

-45.2

12.8 71

56 100.0

5 ▲

21 -3 ▼

-37.2

48*

65.2

27

▼-15

36

- -29.2

530.1 - 1171.2

40* 37 23 -3

52*

▼

21


▼

-

-19.1

▼

▼

▲

1.1 274* 16.4

37.7

42.3

43*

-

39.8

12.7

▲

▼

- - - 20.0 53* 100.0

-

20

96.6

-

5,653.4 11

▲

▲

16.1

-40.9

14.3

▲

▼

34.0

301.2

1

▲ 4▲

121.9

21

** Fee

36.2

39.610.3

▲

1,974.4 28 -51.1 ▼ 40.9 25 60.5

8

▼

64.5

PJT Partners Inc

62.0

▲

74.5


Exp. (%)Fees

-

3,870.7

▲

▲

▼

6,766.6

7,948.2

5

10.7

131.4

US$m

6

3

72

15Jefferies LLC


15

Goldman Sachs & Co

105

83

90

23

10

▲

18

▲

▲

-11.1

56.7

66.8

44.7

12

▼

6,670.8

5,277.4▲

- 4.3

▼

100.0

Deals

▼

4,354.7 ▲


24.4

15.8

31

7 ▲

58

28

32

▲

10 ▼

▲

3

12.8

6,575.1

-

18

19

125.5

US Mid-Market M&A up to US$500m by Target Industry

▲

-2.7

▲

# of

196.6

3

Change (%)

8.9

Change in

# of Deals

1

29.5

195 ▲8,107.7

2,071.5

-74.4

45.5

▲

▲

31.7

91

14

3

5

1.9 15.5

▲

16

2,361.5

27

4,783.7

▲

9

424.1

83.6

-

Rank

-

52

US Mid-Market M&A up to US$500m by Rank Value Range

22.6

10

▲

▲347.2 100.0

38.7

-

154.3

2018

-

83.5

-

35

-

▼697.8

-16.9

132.1 ▲

52

146.3

35.0

100.0-

13

27*

47.37,895.0

▲

▼2,796.823

Centerview Partners LLC

17

95.1

25

▼1,953.0

29 27

23.9

27

1,508.2

51

17

▲

17

▼

▼

33*

-

47

35.0

▲

▼

100.0

24

87.1

-8

44

44

2.5 100.0

10*

6

▲

5

▲

4129.3

-

33*

24.4-21.0

29.6

38*

-43.2

279*

26 ▼

-

-

▲

10

▼

72.7

53

-

100.0

4424.6

51

▼

▼

686.4

704.6

21

14

86.0

- -

9.1

▲

1,387.9

- ▲

13

82.0

-

13

-1

Jan 1 - Dec 31

47*

22 242,453.4

-

56

35*

44*

35*

53.6

6.738* 0

37* 44*

25

29*

33*

-6 35.3

3.1251,722.0-1,012

2

Perella Weinberg Partners LP

11 75 13


Lazard

KeyBanc Capital Markets Inc

21

-92635

72*

239.4

-38.5

SunTrust Banks

Lincoln International

Harris Williams & Co

Credit Suisse

24

2

28

Houlihan Lokey

Financial Advisor

92 -8

33

29

Global M&A

3

45

24

23*

20

▼15

2,665.4

▲

▲

▲

-48.5▲

25

16 ▲59

42

40

1

33*

17

14

▼

-

936.1

67

4

92

1,047.3

4

33

4

Sandler O'Neill Partners

Chartwell Financial Advisory

UBS

-

6,103.7

33

37*

12,063Industry Total

▲47*

32

8

-

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

$0

$10

$20

$30

$40

$50

$60

$70

$80

# o

f D

ea

ls

Rank V

alu

e (

US

$b)

US$0 - 50m US$50 - 100m US$100 - 200m US$200 - 500m

19.9%

12.3%

11.8%

11.7%

9.2%

7.7%

7.4%

6.5%

5.6%

3.7%3.2%

High Technology

Energy and Power

Real Estate

Healthcare

Financials


Industrials


Materials

Consumer Staples

Retail

Telecommunications

3


Canadian Involvement Mid-Market Rankings (MM22)

*tie



William Blair & Co 37* 36* 5 0 - 240.6 - -89.2 ▼ 7.7 28 100.0

JP Morgan 37* 14* 5 -6 ▼ 696.7 20 -23.8 ▼ 11.2 14 22.4

Generational Equity 37* 29* 5 -3 ▼ 13.8 - - -

Origin Merchant Partners 37* 52* 5 2 ▲ 59.7 - -56.1 ▼

20* 36*

Evercore Partners

Banco BTG Pactual SA

CFI

Piper Jaffray Cos 37* 13 5 -7 ▼

Global M&A 37* - 5 5 ▲

Lincoln International 37* 42* 5 1

CIBC World Markets Inc 3* 5

▲

579.8 - -31.1 ▼

23

20* 22* 9 -1 ▼ 695.3 21 -47.0 ▼ 6.5

7.0 31 100.0


PricewaterhouseCoopers

14

Deloitte 13* 11* 14 1

Canaccord Genuity 9 22* 18 8 ▲

308.0 54 - - 2.0 72* 100.0

Centerview Partners LLC 37* 52* 5 2 ▲

Ernst & Young LLP 37* 22* 5 -5 ▼ 44.1 100 -94.8 ▼ .6 172*

GMP Capital Corp

14*

29* 14*

▲ 12.1

25*

593.4 25 19.2

Eight Capital 25* - 8

7 -4 ▼ 938.4 15 -45.4

INFOR Financial 25* 42* 8 4 ▲ 972.8 14 - -

2018 2017

7.1 29* 70.3

- - -

8 ▲ 412.5

100.0

33 9.4

Rothschild & Co

42* 9 5

13

5.1 37 92.7

Jan 1 - Dec 31-

Cormark Securities Inc

Perella Weinberg Partners LP 25*

-

11 26.1

14.1

20* 0.0

-79.9

▼

26.7 2 30.8

Macquarie Group 18* 14* 10 -1 ▼ 1,327.3 10 542.8 ▲ 23.9 4 100.0

9 4

2.0 72* 4.9

67.0 - -33.2 ▼ 1.0 112* 100.0

▲ 329.0 - -51.5 ▼

1,458.2 9 -39.0 ▼ 8.4 21 30.5

Haywood Securities Ltd. 20*

16*

▲

22*

Duff & Phelps 16* 27* 13 4 ▲ 363.8 - -80.3 ▼ 4.2

3

Morgan Stanley 18* 14* 10 -1 ▼ 1,465.6 ▲

Barclays 13* 33* 14 8

National Bank of Canada Fin'l 10 6 16 -5

MM22 - Undisclosed Values & Values up to US$500m Jan 1 - Dec 31


▲ 1,054.2

7.8 25*

11*

29* 22*

Lazard 13*

8* 13 -1 ▼ 1,936.9 - -

Goldman Sachs & Co

14* 9 -2 ▼

Moelis & Co 29* 36*

172* 100.0

7 2

- - -

1

▲ 582.4 27 -56.5 ▼

7

IMAP 11*

20.3

29* 100.0

6

9

Citi

BMO Capital Markets 2

▼ 4.7 38 75.8

RBC Capital Markets 5* 2* 22 -9

Financial Advisor

Houlihan Lokey

6.0 34

8

5 ▲ 498.0

1 ▲ 4,099.7 1 3654.3 ▲

Change (%)

2 46.6 ▲

Rank Value Advisor

-90.3 ▼ 4.4 40* 64.7

20*

Jefferies LLC 29* 14* 7 -4

29* 6 -2

7.8 25* 59.1

821.0 17 -63.7 ▼

56 100.0 Canadian Mid-Market M&A up to US$500m by Target Industry

25.0

7.1

100.0

▲ 16.0

439.2 36 -31.4 ▼

-2.6 ▼ 1,245.9 49.8

43* 100.0

19.9 8 61.8

-

▲

▲

▲ 1,001.9 13 1903.8

273.3 59 5366.0 ▲

8.1 22* 6.3

12

36* 8 3 ▲ 824.1 16 304.8

24.2

▲

▼ 3.2

3.9 45*

- -

4.5 39 100.0

8 27.6

100.0

12 25.6 ▲

20.2

-

100.0

.4 183* 100.0

1.6 101 100.0

10.6 15 13.5

Fees Rank


5

8* 15 1

7 22 4

Canadian Mid-Market M&A up to US$500m by Rank Value Range


1 25.8

7 64.3

21.9

19 5 ▲ 344.3

▼ 60,108.5

3918.5 ▲ -

31 -3 ▼ 3,234.9

100.0

-

** Fee

Exp. (%)

54.4

-

▼

393.7 - -71.5 ▼

▲ 489.6 33 -53.2 ▼ .6

48 -50.9 ▼

3

3.8 48* 21.1

-1 ▼ 360.3 - -65.7 ▼ 1.7 96* 100.0

367.8 - 3337.4 ▲ 3.0 57* 18.0

17.2 9 21.2

80.6

8 -5 ▼

7 -3 ▼

20.9

14*

2,491.5 5 -38.7

36.4

2018

▲

-11 ▼ 2,540.4 3 68.2

6 3

# of Change in Rank Value 2018

Raymond James Financial Inc 11*

5* ▲ 436.8 - -91.1


▲

33* 27* 6 -3 ▼

704.9 19 -23.5

▼ ▼

0.1

112.2

63* ▲


8*

36* 15 10 ▲

▼

33* 52*

Rank Rank Deals # of Deals US$m Rank

Scotiabank

▼

313.4 53 -80.6 ▼

424.1 38 7.2 ▲

611.4 24 17368.6 ▲

116.8 - -69.5 ▼

▼

Deutsche Bank 33*

36

2,502.8 4


33* 6 0 -

Credit Suisse 33*

TD Securities Inc 7

23 12 ▲ 2,398.3

2* 20

KPMG

Industry Total 3,432 -366

1 2*

-

200

400

600

800

1,000

1,200

$0

$5

$10

$15

$20

$25

# o

f D

ea

ls

Rank V

alu

e (

US

$b)

US$0 - 50m US$50 - 100m US$100 - 200m US$200 - 500m

18.5%

16.0%

15.0%

10.5%

8.1%

7.0%

6.7%

6.3%

5.7%

3.2%2.1%Energy and Power

Materials

Real Estate

Healthcare

High Technology


Financials

Industrials


Consumer Staples

Retail

Telecommunications

4


Latin America Involvement Mid-Market Rankings (MM17)

*tie




UBS 32* 11* 3 -7

0.0 - - -

0.5 64 -99.9 ▼

16.0 54 -96.8 ▼

2.4 62 -99.1 ▼

453.5 19 -68.9 ▼

174.8 34 -68.4 ▼

9.3 59 - -

0.0 - - -

474.0 17 - -

10.1 - -98.6 ▼

Greenhill & Co, LLC

1

Goodbody Corporate Finance

27

▲

▲

100.0

- 18 -

58.2 - 8.8

Scotiabank 32* 28*

Alantra Partners SA

▼

3.0 18

▼

IMAP 32* 3* 3 -14 ▼

Globalscope 32* - 3 3 ▲

HSBC Holdings PLC 32* 59* 3 2 ▲

CFI 32* 34* 3 0 -

100.0

1.3 18 100.0

3.0 18

KPMG 32* 8* 3 -9 ▼

▼

2018

-4

13*

12

11

22*

Vinci Partners

22*

1

Banco Bradesco SA

2 ▲

72.5

24* 3 -3 ▼

Banco Fator SA 32*

9

2

4

3

Arab Banking Corporation

13*

5*

6

10

Deals

▲

-

Rank

Ernst & Young LLP 32*

Davy Corp plc 27* - 4

27.5

100.0

16476.2

▲▲

-

13* 1,072.4

JP Morgan

2,940.9

Fees

-

7

▲

Goldman Sachs & Co

100.0

9*

Financial Advisor

Banco BTG Pactual SA

Itau Unibanco


13*

20.9

13 1,466.1

▼

▼

21

1

13

3

Exp. (%)

** FeeRank Value


60.91

0

4,670.1

2

Artica Participacoes e Assesso

100.0

100.0

RGS Partners

BNP Paribas SA

18*

7 0.0

58.2 - -

27* - 4 4 ▲

21

9

▲

27*

-

4 ▲

Evercore Partners 27* 45* 4 2 ▲

Alpax Inc 27* 45* 4 2 ▲

-

-

-

3 -1

34* 3 0

-

17*

20

34,963.0

-

-

24*

24* 34*

-

-4

0.0

18*

6 2

1,133.1 9

.3 18

-

BDO

13 33

Rothschild & Co

24*

268.0

1

4

16.5

14.6

7.0

-23.0

Santander Corp & Invest Bkg

657 1,568.5

▼ 24*


4 ▲

8

0

15

28*

7

-

14.2

9

14

▼

Deloitte

Morgan Stanley 466.4

Industry Total 1,315 -27

-

23152.5

▼

-

32*

65*

74.5

73.0

▲


-

18 100.0

13.3 18 100.0

.3 18 100.0

-27.5

-

5.0

100.0

40

2017

3.1

1,951.2

1

Change in

8

6

13 ▲

15

6

2018 # of

2

18*

▲

10

724.1

▲

100.0

▲

843.5 13 -

0.0 - -

28.5

1

-81.4

12

Rank

100.0

.2

5.5

-

9

Rank Value

14.0

1,402.1

US$m

135.3

1,242.8

▼

-

▲

16

33.0

11

18.5

▼

▼

Latin America Mid-Market M&A up to US$500m by Rank Value Range

284.0

- .5

7.3

Latin America Mid-Market M&A up to US$500m by Target Industry Jan 1 - Dec 31

50*

▲

▲

-

▲

0.014

▲


10

14

▲

2,302.0


364.7

5013.3

9

-1.2

▲

7.0

-8

-

Jan 1 - Dec 31

17*

24*

28*

2018

41.0

100.0

▲

▼

100.08

5

Advisor

11.1

5

12.8

211

8*

2

5

11

18* 4 -4 ▼

100.0

17.0

1.3

34*

0.0

8.8 18

66.7

18

3

100.0

▲

-1.3

15.2

100.0

100.0

48.2

-

Change (%)

.4 18 100.0

.3 18 100.0

4.2 18 64.6

- 18 -

1.2 18 100.0

1.0

12.3

7

▼

13

-

.3 18 100.0

100.0

100.0-

620.0

7

5

▲ 249.8

▲ 10.4

▼

5

4.2 18 100.0

▲

-

- -

13*

12

1.3

27 -

-1

18

0


571.9

-99.75 ▲

Lazard -3

24*

-55.8

107.3

152.4

12

▼

▼ 15-8

16

17*

4.0

▼

11*

17

10.3

24*

20

-45.5

▲

13*

11

2

▲

76.6

254.8

Citi

5*

3


▼

▲

# of Deals

128.0

▲

62


▲

31

INFUPA SA

13*

22*

Credit Suisse

5

9*

9* 2 -26.9

-79.8

3*

16

1,805.0

22

5

8

-

BR Partners

Global M&A

4

37.5

884.4

45*

Rank Rank

9

▼

34* 5

-

50

100

150

200

250

300

350

400

450

500

$0

$2

$4

$6

$8

$10

$12

$14

$16

$18

# o

f D

eals

Ra

nk V

alu

e (

US

$b

)


23.4%

14.0%

11.5%10.5%

8.6%

7.7%

6.6%

4.4%

3.6%

3.3%3.2%

3.2%

Energy and Power

Materials

Financials

Industrials

Consumer Staples

Real Estate


Retail

Healthcare

High Technology

Telecommunications


5


European Involvement Mid-Market Rankings (MM3)



-

▲

100.0

82.4

53.5

▲

28.9

929.0 128.6

▼

39.0

▲

▼

2,539.1 2,182.0 23 119.4 ▲

1,631.2 1,376.5 31 - -

45.5

32 -1

774.2

40

1,676.927*

Barclays

Evercore Partners

UBS

45*

4,761.6

38.3

-3.6

1,974.1

428.9

0.0

7.3

-

Jefferies LLC

Moelis & Co 48*

Rank Exp. (%)

▲

6

3

Financial Advisor

KPMG


# of Change in

215,902.4▼

1

39.1

150.3

-45

53

43*

8

47

48

38*


27*

Lazard

14

Macquarie Group 48*

79* 32

Change (%)

5

▲

286

9

14

▲

18 27

52

19

36

-49.1

36

▲

50*

117

26

28.4 40

William Blair & Co


▼

Ernst & Young LLP 6 -28190

▲

14

2018

1

6

9,571.2

19.5

2,579.1

20

European Mid-Market M&A up to US$500m by Target Industry

55,397.3

57.0

580.8

▼

100.0

100.0

1

63.3

514.8 436.4

-

100.0

67.6

80.7

▲

-19

-26.0

-92.1

-

30

39

77

1,902.0

65.6

58.1

93.7

100.0

32*

8

78.4

72.2

2018

23.7

4,498.1 -30.9

** Fee

European Mid-Market M&A up to US$500m by Rank Value Range


100.0

16.0

19

55.4

Jan 1 - Dec 31

7

19.4

100.0

17.7

3

76.5

3

414

289

Deloitte

-14

17.4

78.1

261

2

12 ▲

92.5

23.0

38.7

2,990.6

100.0

Advisor

12

▲

32.3

2.0

-20.5 ▼

Euro mil

6,385.4

32.8

▲

47-54.2

8,174.9

70.0

9

57

70.6

6,164.2

1,574.8

63.51

100.0

6

4,419.9

13,468.8

100.0

0.0

44*25.1

35

Industry Total

▼

39

-3

56.3

67.0 14

74.4

-

0

52.4

▼ 3.0

43.7 36.7

▼

4,451.7

26.3

0.0

▼

-

42

-1,957

38.9

▲

8,525.7

▲ 78

38.130*

▼ 165*

25 ▼


Grant Thornton

▲

26*

-46

Houlihan Lokey

16

3,323.1

▼

-3

17* 79 ▲

42

21*

10

21*

56


12*

-

-

▲

24.1

10

3,943.7

-29.7

-8.3 ▼

13

60.517

5

GCA Corp

CFI 22

31

-

32 48.0

29

71383.3

29

-

5,236.5

40*

43*

40.2

29.6

42

▼

Societe Generale

40

29.0

▼

0.0

-

38

▼42

37 33 -9

4,787.3 4,088.6 -5.4 ▼

▼

-

16,117

35.2

▲

210*

13.0

35

37Globalscope

Mediobanca

Natixis

Kon SpA

Capitalmind 39

24 -20 ▼

-

45

38

34*

40*

34*

34 20.8

22.4 49 100.0

31

*tie

In Extenso

-6 5,393.6

64.1

▲-

37

2


Fees

13

50

170.3

-43

-4

Deals

8.9

Translink Corporate Finance

77.7

30*

Credit Suisse

74.6

63.0

-16 4,107.1

7.9 111

41

▲

845.1

▼

▼

346.1

-

4,907.8

▼

15

▼ 100.0

100.0

▲

25

40*

11▲

1548

100.0

-

▼

2017


Rank

327 -25.0

US$mRank

Rank Value

1

Rank Value per Advisor

Rank Value

Rank# of Deals

Jan 1 - Dec 31

67.8

222 22

▲

-48IMAP

▼

-

▲

-22.0

34.5

37.1

18

3 5.2

602.0

15 17*JP Morgan

37

51▲

9

13

100.0

-

-RSM Corporate Fin LLP

Citi

18

4

23

-59.3

16

10.7

6,447.8

▲

▲

12.2

19

114.6

4,649.3

2,182.3

3

▲

▼

5,165.5


143

-

Goldman Sachs & Co 4

1,831.1

128*63

5,328.4

7

9



49

21

4

7

BDO

Redwoods Dowling Kerr

▼

11

3,964.2

122.0

37.4

17 15

▲

2

BNP Paribas SA

8 -32

62.3


12* 16

3,571.1

456.3 -

6.7

5,679.4

30*

1,716.5

29

4,160.9

▲


26.8

-57.7

30

10

-0

82

Morgan Stanley

-20

14

4,905.4

-38.4

-46.9

5 77.7

-5.44,154.3

▼

▲

45.5

48

-33.6

43*

9

81

▲

▼

13*

11

11,490.0

23

Rothschild & Co

12

129

2

-

70.5

-19

▼

21

14

23.4


▲

▲

26*

24

4.8

50

10

-

▼

▲

4,581.545

710.5

▼

-

-

▲

1,260.8

54

14

12.670.0

19

0.0

-17

78

7,619.7▲

383.4

1,472.6

-

3,295.2

717.8

0.0

3,525.4

▼-45.8

7,248.5

33

8

72

694.4

33.2

48

20

▼

2018

19.2

21.9

56

5,238.4

1,064.5

▲

62

12

40.0

-

▲

13 ▲ 3,851.9

40*

7

37.4Cooperatieve Rabobank UA

28

UniCredit

-

994.7

▲

-

40.5

Alantra Partners SA

51

35*

25

Deutsche Bank 45 35* 34 -9 ▼

ING 46* 33*

26.0

55

52

40

▲

3.5

254,129.6

▼

116.4

14.2

46 53.5

32.4

8

33 -12 ▼

224*

16

852.0

159.0

-14 ▼

8

100.6

1,594.8

125.8

130

▼

107

907.4

10

98.3

32* 100.0

100.0

86.7

-

45.6

88.7

51.5

357.9

28

▲

13*

100.0

6.4

26

2

6

83

10

-

11

-26.4

20

▼

▲

56

▼

42.7

35

-21.1

1,480.2 -

5,194.9 4,380.1

119

▼

▼83 92.7

100.0

94.3

44.7

▼

24

70.146

20 5

-13

39

46*

-

38*

298.3 253.2 126 -82.0 ▼

1,528.7 1,296.9 - -22.3 ▼

▼

-5.3

21

31.4

Global M&A

7,041.7

-

1,000

2,000

3,000

4,000

5,000

6,000

$0

$10

$20

$30

$40

$50

$60

$70

$80

$90

$100

# o

f D

eals

Ra

nk V

alu

e (

US

$b

)


18.9%

13.9%

11.9%

10.8%

9.3%

6.7%

6.2%

5.4%

5.3%

4.8%

4.4% 2.4%Real Estate

Financials

High Technology

Industrials

Energy and Power

Materials

Healthcare



Consumer Staples

Retail

Telecommunications

6


UK Involvement Mid-Market Rankings (MM4)

** Fee exposure indicates each firm's mid-market fees from deals valued at up to US$500m as a percentage of its overall M&A fees in the relevant region.


DC Advisory 48* 87* 11 6 ▲ 187.6 136.0 - -56.6 ▼ 13.7 23 86.7

▼ 15.2 22

Lincoln International 23.3

27.4

-

10.9▼

-60.3

▼

-

7.0857.1

-

Advisor

23.8

100.0

35.3

72.8

Change (%)

6.0

4

26.1

8.7

-

14

Rank

4

207*

BCMS Corporate Ltd 39 20* 17 -10

7.0

1,967.0

12

32

▲

17

Grant Thornton

84

10.9

164.5

31

1,554.6

23*

1,146.7 862.6 16 58.3 ▲

916.9 690.0 - 367.8 ▲

9.8

6,941.1

▼

▲ ▲

427.6

-

1,128.5 842.7

▼

▲

6

29*

31*

22


27*

22

1,855.5

23* 18

▲

24 44.7

82* 100.0

66* 100.0

85* 100.0

22.5

35.8

Morgan Stanley

JP Morgan

Bruce & Company Ltd

Canaccord Genuity

IMAP

Arma Partners LLP 40 59* 16 8 ▲


Redwoods Dowling Kerr

17

RSM Corporate Fin LLP

42

533.3

1,532.6

-59.6

6

7.920.4

69,971.6

100.0

30* 15.7

13▼

18.0

Ernst & Young LLP

6.0 57*

21.0

18* 20*Goldman Sachs & Co

† Imputed Fees shown are based on completed deal activity, whereas deal count & rank values are compiled based on announced deal activity.

30*

▲

▼

100.0

32*

25*

29*

17

36*

2 ▲

Credit Suisse 41* 46* 15 2 ▲

Duff & Phelps 43 39* 14 -1

▲

1

▼

▼

-

88.9

31.0

▲

▼

0.0

28

32.365

US$m

307.0

-

4

▲

8.3 6.3 -

7

Macquarie Group

4,771

4

*tie


703.0

▼

529.8

-

36*William Blair & Co

▼

Jan 1 - Dec 31

100.0

32

293.9

Alantra Partners SA

859.1

100.0

66 64.8

-61.81,099.8 813.6

▼-59.4

Deloitte

54

# of

Rank

8.6

▲

100.0

100.0

100.0


25*

-6

11.6

57*13*

21 62*

8

41

8

▼

459.9

-

23.2

-2042

26.6

▲

7.1 47*

23.1 18

-

27

61.0

100.0

Jan 1 - Dec 31

309.5

112

100.0

2,015.4

57.7

21 ▲

127.8

▼

25

▼

11.2

20

69.7

37.4

57.0

429.2

77.7

100.0

28.4

100.0

40.5

55.4

45.8

60.6

731.8

UK Mid-Market M&A up to US$500m by Target Industry

100.0961.8 714.1 25 -26.9 ▼

▼

256.0 190.5 - -25.5 ▼

50*

1,600.7

16

3.3 94*

5.2 62*

100.0

12

▼

-55.4

8 80.0 ▲

601.5

10.6 33- 35.0 ▲

-92.0 ▼

355.9 271.0 - -57.9 ▼

602.7 447.4 - 145.4

45*

35*

5.2

Fees

UK Mid-Market M&A up to US$500m by Rank Value Range

85*

44.4

393.3

2

-5.6

27

GCA Corp

Moelis & Co

16*

▼

17.4 12.4 - -69.9

50*

2017

17.3

-61.6

88.8

97.8

▼

▲

89.3

127.7

20

-5

1112

▲

13*

Financial Advisor

Lazard

2

34*

12

11

8

** Fee

-

2,046.9

-3

15

▲

1

▲

-12.3

95.7 64.9

▲

100.0

13.1 26

65.3

Global M&A 41* 46* 15

▼

▼

100.0

100.0

5,207.8

1,533.2

-

-

▲

-12

9

41.9

Rank Value Rank Value

756

▲

Deals

▲12

2018

71.32

3

58.9

4

1 21

BDO

1,130.0

-3

89.4

3,070.3

27.6

2,289.9

15.8

54.0

2,553.9

44

19

48

5.3

GBP mil

6*

1.3

42*

11 ▲

4.2

56

Numis

14

16

56


Barclays

2

▲

-815

10

24

2,574.9

100.0

-27


417.1

23.5

PricewaterhouseCoopers 5

12*

-19.510

.3

6.2

28

Change in

# of Deals

25

977.9

-69.7-

14

3

3,707.7

▲

59

3,292.1

324.4

57

1,131.0

-

11

▼

8

-

40.3

▲

Evercore Partners

0

▼

KPMG

▼-11.8

▲

10

7


100.0

-10

963.8

19

Rank

1192

9

74

100.0

3

▼

38

13.3

Exp. (%)

Rothschild & Co

52.3

-7

▲

1

1,931.1

Rank

3


6

2018

5

5

4

18*

Industry Total

23*

-9

-57

▲

2,535.7

-

1.7

-6

0

▲

645.8

18

28*

608.0

13.5

3.9

4.5

93,353.6

376*

3.7

27*

23.7

35.8

1,918.2

3

23

-66.8

-

30.8

-

▼

7.4

▼

116.1

-

16*

12

28*

-

31*

43*

-19

20 5

23

11

391.0 64 -65.2

1,153.4 881.2 15

-42.8

21

15

31

18*

23

31

-10

Liberum Capital

1,375.022


Houlihan Lokey


12*

9

319.3 3.7▼

1.3

Cenkos Securities PLC

9 ▲

100.0

4.1

9.5

75.1

100.0

▼

63.1

100.0

1119 -1

▲

▼

39*

29

738.6

1,490.5

▼

4

Peel Hunt LLP 45* 49* 12 0 -

▼

72

5

5

-

6*

-2 ▼

HSBC Holdings PLC 45* 55* 12 3 ▲

20

28*

12.2

- -22.0

▲

246.1

32*

112.2

-

▲ -

-

2018

▼

-0.4

124.0

▲

10

-13.4

Citi

21

▼

ING 48* 55* 11 2 ▲

finnCap Ltd 48* 36* 11 -6 ▼

1,196.0 908.8 13 24.4 ▲

545.7 410.1 - -44.4 ▼

109.7 79.8 106 -84.5


Jefferies LLC

Kings

34* 20 2

0.0

42 ▲

-8

71*

19

2,448.0

-9.8▼ 2,800.6 ▼

▲

1,200.0

▲

35

▲

Livingstone Partners

BNP Paribas SA 12

26.4

-

29

3.2

-

114.6



9

44 55* 13 4 ▲

45* 43*

446.4

181.2 128.1

20* 19

31*

31*

35*

35*

35*

38

- 20

▼

18

138.6

17.9

19

-

48.0

-

200

400

600

800

1,000

1,200

1,400

$0

$5

$10

$15

$20

$25

$30

$35

$40

# o

f D

ea

ls

Ra

nk V

alu

e (

US

$b

)


22.6%

13.2%

11.6%

8.8%

8.7%

7.0%

6.7%

6.3%

6.0%

3.7%2.8% 2.6% Real Estate

High Technology

Financials

Energy and Power

Industrials

Healthcare


Materials


Retail

Telecommunications

Consumer Staples

7


French Involvement Mid-Market Rankings (MM5)



Baker Tilly International 35* 108* 7 5 ▲

William Blair & Co 35*

100.0

HSBC Holdings PLC 39* 75* 6 3 ▲ 566.9 476.2 24 - - 11.8 20* 59.0

CM-CIC Conseil SAS 39* 61* 6 2 ▲ 41.7 34.0 - - - 3.9 53* 100.0

Eurohold SL 39* 40* 6 -1 ▼ 19.1 16.0 - - - 5.3 40* 100.0

Oloryn Partners 39* 108* 6 4 ▲ 0.0 0.0

100.0

100.0

0.7 238* 100.0

15.1 12* 79.940* 7 0 -

810.0 688.4 13 276.7 ▲

4.8 4.0 - - -

576.0 501.1 23 - -

Translink Corporate Finance 39* 23* 6 -7 ▼

100.0

Aurignac Finance 39* 33* 6 -3 ▼ 0.0 0.0 - -

13.3 18*

Rank Value

Capitalmind

14

15

100.0



4.2

Moelis & Co 35* 75* 7 4 ▲

11

▼

-

100.0

100.0

100.0

100.0

- -

-

Rothschild & Co

-185*

-40

▲

3*

▼

3,440.6

15*

16.6

▼

-2

29

4.8

2017

2

31

-90.0

▲

772.7

-5

26

47*

13*

19

44*

10

▼

100.0

10

28

▼ 24

DC Advisory

590.0

▼

-17.8

▼

31.0

228.9

52.7

BDO

11.8

26

12*

7

30

15

▲

▼

-

8

Invest Corporate Finance SAS

3*

Cambon Partners


Ernst & Young LLP

Deutsche Bank

Mediobanca

3

28

Adviso Partners SAS 29* 40* 8 1 ▲

▼ 21

▲

-

80.8

29* 53* 8 3 ▲ 47.3 40.4 - 616.7 ▲ 5.8

859.3

131.7

40*

▲

100.0

-11.6

*tie

Morgan Stanley 35* 47* 7 1 ▲ 1,301.0 1,110.9 6 79.8

47

▼

6.0

35.3 30.0 - - -

-599

16

20*

1

▲27

829* 2

56

3

100.0

8.2



423.0

12.8

UBS

2

20

Advisor

7.4

3

Bryan Garnier & Co

100.0

107.1

▲

32.6

4,088.0

-2.23,045.3

255.0

6

-95.9

259.3 100.0

8

100.0

▲

-8

Grant Thornton 29* 47* 8

107.0

138.0

86.3 ▲ 6.5 32* 100.0

Vulcain SAS

29*

2

23

26*

26*

Houlihan Lokey

1308.2

18

100.0

Euro mil

In Extenso

BNP Paribas SA

▲

19

-

Rank

15*

21

660.1KPMG

19

34

9

7

2

297.1

619.6

Change (%)

9

▲

-5

3,580.6

3,599.7

US$m# of DealsFinancial Advisor

3,086.5

2018

2

38

70.8

100.0

100.0

81.6

1

French Mid-Market M&A up to US$500m by Rank Value Range


100.0

1 -22.0

872.3

2 ▲ 0.0

30,062.9▼

# of

-3

6.2

40.4

66.2

56.0

100.0

28.6

9.6

** Fee

Jan 1 - Dec 31

Exp. (%)

▼

41.5

39.1


100.0

62*

20182018 Rank Value

734.7

154.1

4

Fees

39

▼

495.0

12*

French Mid-Market M&A up to US$500m by Target Industry Jan 1 - Dec 31

100.0

Lazard

-

19

700.0

▲

▼

▼

15*

25

760.611

24*


33

32

JP Morgan

Alantra Partners SA

4

24*

2

Credit Agricole CIB

-9

15*

12*

Deloitte

Natixis

Linkers

22

▲

100.0

-66.7

10

1,478.9

7

12*

26* 123.1

118*

▲ 125.0

0.0 247*

15*

-

219.4

1,380.8

1,749.7

Societe Generale

4.8

19

31*

Degroof Petercam-IMAP

▲

4.6

▲

14

11.0 ▼

299.3

23*

110.0

Canaccord Genuity 29* 28* 8 -3 ▼ 164.7

▲

1,604.9

100.0

2,428

100.0

19.6

828.3

15*

579.5

▲

7.8

12

21.8

12 19.7

-

▲

4.2

53*

5.6

▼

12Messier & Associes

692.8

Rank

34

535.9




-78.4

42

Change in

1

59

39.5

6.5

3.5

32*

14.4

37*

▼

-19

56

3-

-5

63.0▲

474.0

▲

11.1

-23.3

▲-

13.3

1,351.3

▼ 0.0

4

-

-

1,266.9

2 ▲ 804.1

▼

-

Rank

1 ▲

5.1 4.5

870.1

0.5

5

3.0

9

9.6

Deals

▼

4

-5

133.0

▼

120

-80.0 ▼

19*

▲ 7.9

61*

6*

▼

0.0

0.0

3.9

15.6

- - - 0.5 247*

-1

-

1.6

8

13.4

-

10 -21.9

11.1

▲ 1,192.4

-

4.7 46

-

14

▲

▲ 17

15.1

- 6.0 35*

- - - 3.6 58

40

▼

13.3

8 66.7

361.1

23

-10

▲658.0

▲

1,022.1

7

35*

35,301.0

29

▼

434.6

11

24.0

Rank

40.0

13

-

163.1

7.6

14.9 12.0 -

24.7

1,053.4

100.0

-

501.9

18*

6

43.8

-

7.5

107*

11

▼

13

-8

57.6

-8

15.1

16*

8*

12

16*

9

▼

1111

13*

8*

47*

1 ▲

18

6*

-165

21

26*

-56.3

▼

▲

20.0

22

4

5*

0.0

15*14.4

-85.0 2648

-

-

Industry Total

-

100

200

300

400

500

600

700

800

900

1,000

$0

$2

$4

$6

$8

$10

$12

$14

# o

f D

ea

ls

Ra

nk V

alu

e (

US

$b

)


18.6%

14.6%

14.1%

9.9%

9.7%

9.4%

6.5%

4.9%

4.2%

3.4%2.6%2.1% Real Estate

Financials

High Technology

Energy and Power

Industrials

Retail

Materials


Healthcare

Consumer Staples


Telecommunications

8


German Involvement Mid-Market Rankings (MM6)



▲ 0.0 0.0 - - - 5.0 35* 100.0

2.7 62* 100.0

Bank of America Merrill Lynch 46* 55* 5 1 ▲ 870.8 720.8 8 -5.1 ▼ 10.7 15 52.7

Cushman & Wakefield Inc 46* 52* 5 0 - 286.6 242.6 - 489.7 ▲

Allert & Co GmbH 46* 70* 5 2

68* 100.0

Commerzbank AG 40* 34* 6 -3 ▼ 0.0 0.0 - - - 4.0 42* 45.5

367.6 24 -85.9 ▼ 5.2 33*

70* 8 5 ▲ 5.5 4.8 - - - 5.2 33*

40* 34* 6 -3

5

100.0

Saxenhammer & Co Corporate 38* 10* 7 -13 ▼ 0.0 0.0 - - - 7.0 28 100.0

Deutsche Bank 40* 12* 6 -13 ▼ 418.0

23*

BDO

2.8

33

1

-4 356.8

-16

21

-

8*

▲

▼39

-12

20*

4

16

2018

18*

13

20*

0.0

20*

36

28

8

14

518.3

Deloitte

-

--

413.1

Ebner Stolz 40* 113* 6 5 ▲ 30.4 25.4 - - - 2.3 65 100.0

Drake Star Partners 40* 70* 6 3 ▲ 47.5 40.6 - -20.8 ▼ 2.9 61 100.0

Macquarie Group

▲ 4.0 42* 100.0

Ferber & Co GmbH

9

22

25

6

*tie

37*

Rank

▲

Change in

18*

UniCredit

goetzpartners Corp Finance

CVM Capital Value Mgmt GmbH

-

15*

1.4

-

95*

605.913

9

Houlihan Lokey

Falkensteg GmbH

-45.7

-65.2

2

42*

** Fee

Rank

100.0

-

▲


GCA Corp

Quarton International

594.4 511.0

Euro mil

1

194.9

-

2* 15

-98.7

Lazard

208.3

17

Alantra Partners SA


12*

0.0

623.0

11*

6937.9

# of Deals

29*

1

37

21

50.0

▲ 0.0 0.0 -

100.0

100.0

100.0

2017

68*

▼

206.9

100.0

16.8

0.0

8

23*

5

Rank

1

Change (%)

12

▲

3

▲

46*

0.0

William Blair & Co

Rothschild & Co

55*

34*

Advisor


4.1 40*

24*

19-

39

31

8.0

▲

17.0

-63.4

14

4

13

7.1

32*

14

70*

12* 9 -10 ▼ 2,277.3 1,913.0 1 -20.7 ▼

39

3.1

-7

-

-70.6

- -

-

57*

113*

508.0586.2

- - 5.0 35*

55*

-1

3

-

4

-28*

18.0


15.0

-

-

-

▼

5

6.5

426.1

▼

-

1,111.9

7 1 ▲ 542.6 457.0 17 -16.3

80

--1

-1

100.0

-

-

1.0

-4 ▼

-1

-

102*

-

11

--

9

12.9

93.2

33.3

▲

113*

18*

34,939.6

1049.4

1.0

▼ 14.2 12.0

18

26*

- - - 2.0

-16.4 6

-

-

1,341.1

4.0

31.5

959.3

9 37.0

44.8

30.0 -

0.0 - - -

-

-2.5

14

42*4.0

0.0

-

▲ 0.0 0.0

11.2

Fees

# of

Deals

100.0

100.0

100.0

100.0

5.7

-

102*

Jan 1 - Dec 31

German Mid-Market M&A up to US$500m by Rank Value Range

German Mid-Market M&A up to US$500m by Target Industry

11 54.8

31.9

22*

100.0

100.0

100.0

100.0

100.0

100.0

100.0

66.3

- -28.8

▲

16*

Financial Advisor

Jan 1 - Dec 31

▼

7

0.0 0.0

2

12 ▼

1126*

38.0

▲

▲

960.7

25

▲

-

▼

29*

▼

Rank

-1

0.0

5 1

KPMG

Ernst & Young LLP

▲

Globalscope

Centuros GmbH

IMAP

Global M&A

23*

▼

18*

18*

23*

7 0.0

220.2

▼

-1

0

▲

Capitalmind



14

13

-

-

Cooperatieve Rabobank UA 34*

JP Morgan 29*

Citi 38* 44* ▼ 12.5

170 4.1

BNP Paribas SA 34* 37* 8 0 - 468.6 403.0 20 -54.9 ▼ 7.1 26* 63.4

Proventis Partners 34*

34* 55* 8 4 ▲ 866.4 728.2 9 213.0 ▲ .7

▼ 333.7 285.0 - 360.9




72.6 ▲

Sonntag Corporate Finance GmbH


29,580.9-181 ▼

6.9 29

32*

158.9

-

809.5

8.0 24* 100.0

9.0

2,303Industry Total

21

16.4

7

5

▼

442.1 386.8 30

1545.8

192.9

Goldman Sachs & Co

56

Exp. (%)

▼

850.2

▼

▲


-11


-6

4

8

-6 454.0

24.6▼

162.1

-3

▼

-

-

11.0

11.0

19

4

Credit Suisse

8*

-

100.0

▲

1,136.4

9.5

▼

100.0

-2

100.0

100.0

-

35.9

29* 37* 9 1 ▲

165.8

18*

-

▲ 9.5 18 83.3

Jefferies LLC 40* 87* 6 4 ▲ 561.7 480.8 16 75.5

▲

19

28.65

0.0

169.7

-

0.0

0.0

0.0

10*

ACXIT Capital Partners

Mizuho Financial Group 28

26*

▼

- - -

180.0 179.6

24.9

6

28.8

6

Rank Value

13 28*

2

-

2*

15*

8* 18*

3.0

▼

-

▲

257.7

▼

22.0

8.7

6

13

15

85.5

3

0.0

1,003.1

▼

29* 23* 9

- -

-2

6

▼

4.2

2018 2018

2.0-

12*

1,048.4

▲

▼140.0

-

2

14.0

▼

▲

903.4

-66.1 4.5

▼

US$m

498.0

15*

494.7

888.3

9 8 ▲

10 9

Rank Value

57.6

100.0

8

26*

10.9

23*

13

14

2

8.5

0.0

12

▲

12*

38

2

-73.2

585.4

-13

▲

38

▼


11*Concentro Management AG

-

100

200

300

400

500

600

700

800

$0

$2

$4

$6

$8

$10

$12

# o

f D

ea

ls

Rank V

alu

e (

US

$b)


26.9%

17.8%

12.5%

11.3%

7.5%

5.2%

4.1%

3.9%

3.8%

3.3%2.6% Real Estate

Industrials

High Technology

Financials

Healthcare


Retail

Materials

Consumer Staples


Energy and Power

Telecommunications

9


Italian Involvement Mid-Market Rankings (MM7)

*tie



45* 100.0

2.5 42 100.0

2.0 48* 100.0

2.3 43* 100.0

2.6 40* 100.0

1.7 57 27.9

-139

172.3 140.0 - - -

29.2 25.0 - 412.3 ▲

185.6 158.9 32 36.7 ▲

34* 23* 3 -4 ▼

Societe Generale

Globalscope 34* 38* 3 0 -

Translink Corporate Finance 34* 38* 3 0 -

CFI 34* 29* 3 -2 ▼

New Deal Advisors SpA 34* - 3 3 ▲

36.6 30.0 50 -90.7 ▼

11.6 10.0 - -67.3 ▼

54.9 47.0 - -57.6 ▼

0.0 0.0 - - -

--

0.0

26.0

4.0 34*

17

- - 5.1 26

16*

Kon SpA

UniCredit

1.0 66* 100.0

2.2

Brera Advisory Spa

4 274.2 231.2

66*

928.5

253.2 40*

Long Term Partners SpA 34* - 3

34* 34* 3 -1 ▼

100.0

5.0

Credit Suisse 34*


5*

UBS

25

- 4 4

27

4

▲

CDI Global

Morgan Stanley

6 5 ▲

23*

23*

5 ▲

-

38* 6

▼

28*

458.5

0.00.0

0.0

28* 26*

JP Morgan

Ernst & Young LLP

1

Industry Total

Mediobanca

Equita SIM SpA

▲

34

Exp. (%)

254.3

26*


28*

25.7

# of Deals

Arkios Italy SpA

Ethica Corporate Finance SpA

Rothschild & Co

Houlihan Lokey

2

KPMG

3.14

28*

4

Goldman Sachs & Co

28*


16*

3 -7 ▼ 146.7 125.0

9*

23*


28*

11*

23*Lincoln International

Credit Agricole CIB 34*

8

17*

Lazard

-

-19

- 7.5 ▲


Unione di Banche Italiane Scpa

1.0

0.0

16*

25

-

▲

23

11

8

14

-4

-2

▲

▼

2018Rank Value

324.6

6

Financial Advisor

GCA Corp

2

5

18

19*

BDO

Fineurop Soditic

894.0

Rank Value per Advisor# of Deals per Advisor

39

1

0.0

▲

1

3

8

558.9

▲

29*

21*

-30.8

16*

14.0

-

2

5.5

16*

-

-

43*

-

-

24

38

-

14*

Deals

12

Euro mil

212.1

▼

23*

140.0

13

14

-2

3

▲

0

2.2

705.3

2,719.0

-

100.0

43.2

▼

▲

2,625.4

26.1

937.6

RankFees

100.0

49.9

-1.2

5

▲

▲ 2.6

8.3

100.0

17*

12

8742.0

11

3.6

390.0

▲

▲

-46.6

-

33

-3

▼

▲

14

▲

-21.2

▲

201.8

▼

▲

43.6

20

4.4

15 72.9 ▲

-1

▼

7 ▼

0.0

-

4.5

-

5

--

162.1

-

Change (%)

647.9

-

20

-

▲

▼

-56.2


21

▼

Jan 1 - Dec 31Italian Mid-Market M&A up to US$500m by Target Industry

72.4

677.0

73.8

▲ 3 100.0

83.4

798.8

6

16,694.0

446.9

10

727.3

-56.0

▼

45*

120.0

3

8

550.2 472.7

-

-

761.4

▼

▲

** Fee

Italian Mid-Market M&A up to US$500m by Rank Value Range

48*

387.5

7.7

30

21.2

39

-

2.3

1015.4

28.0

39.0

793.5

570.3

9.7

100.0

61.0

4

Rank

▲

45.1

664.3

4

180.7

31*

▼

-9

184.9

370.8

-

2.3

13 ▲

▲

0.0

▲

2 51,020.0

-

-5

27*

1,075.0

-

210.2

11

63*

21*

▲

▲

3 ▲ 0.0

47*

1,288

52.0

100.0

65

100.0

44.9

HSBC Holdings PLC

Nomura

Barclays

Pirola Corporate Fin Spa

58.7

Deloitte


0

0.0

-59.3

9.9

13

34*

157.5

4

17*

1

11

148.5

8

14*

198.0

11

613.1

5.3

45.4

35

2,229.3

476.2

-41.5

BNP Paribas SA

-3

-6

2018Change in

87

Rank

▼

7

0.0

-48.5

1,179.3 1,004.1

Advisor

7

8.3

100.0

34.4

100.0

45.1

2017

21

9

7

▼

54.3

▲

1104.1

214.5

7

13

11

2018

21

2.0

2

-

▼45

6

873.5

78.7

2*

Rank Value

8.3

26.82*

0.0

34*

17 ▲524.5

5*

8

5

7

14*

21*

21*

▲

3

19,594.5

-1 ▼

2520.0

-43.0

- -

19

▼

9*

794.7

3

10

▼6

26*

19*

445.3 20.3

1

4

▼

-

4

5

26

9*

15

26*

12.6

Jan 1 - Dec 31

-

45 -81.3

100.0

-

1

902.8

177.0

12

US$m

# of

11*

375.4

▼

51.9

-

26.4

Rank

583.3

9*

4

Vitale&Co-IMAP

4

▼

16

5 18

-

▲ 146.0

15

▲

3,189.0

1

1.1

230.7

52.9

▼


-

110.1 ▲ - - -

2.2

-

-2 ▼

100.0

45*

14

14.4

67.2

▲

2.2

3

100.0

100.0

28.847*

97.4

100.036

-49.9

▲

-

Banca IMI (Intesa Sanpaolo)

-

100

200

300

400

500

600

$0

$1

$2

$3

$4

$5

$6

$7

$8

$9

$10

# o

f D

ea

ls

Ra

nk V

alu

e (

US

$b

)


26.9%

15.4%

10.8%

9.9%

9.2%

9.1%

4.9%

4.4%

3.0%2.9%

2.3%Financials

Industrials

Energy and Power

Real Estate

Materials

High Technology


Retail

Consumer Staples

Telecommunications

Healthcare


10


Spanish Involvement Mid-Market Rankings (MM8)



0 0 - - - - - -

Albia Capital Partners SL 38* - 2 2 ▲ 0 0 - - - 2.0 37* 100.0

RSM Corporate Fin LLP 38* - 2 2 ▲ 0.3 0.2 - - - 1.0 52* 100.0

JP Morgan 38* 20* 2 -5 ▼ 728.0 622.4 7* -39.9 ▼ 5.3 23 21.1

-

Danske Bank 38* - 2 2 ▲ 0 0 - - - 2.0 37* 100.0

348.9 307.2 21 -65.3 ▼ - - -

Ferber & Co GmbH 38* - 2 2 ▲ 0 0 - - - 1.0 52* 100.0

- - 3.0 32 100.0

Greenhill & Co, LLC 30* 55* 3 2 ▲ 0 0 - - - 4.0 26* 100.0

Evercore Partners 30* 41* 3 1 ▲ 728.0 622.4 7* 318.4 ▲ 11.6 6 33.2

GCA Corp 30* 41*

Grant Thornton 30* 41* 3 1 ▲


*tie

Seabird Capital SL 30* - 3 3 ▲

Credit Suisse 38* 29* 2 -2 ▼

DNB ASA 38* - 2 2 ▲

Mizuho Financial Group 30* - 3 3 ▲ 135.8 114.4 - - - - - -

BBVA 30* 6* 3 -17 ▼ 0 0 44* - - 2.0 37* 30.3

IMAP 30* 20* 3 -4 ▼ 2.0 37* 100.0

0 0 -

Barclays 38* 55* 2 1 ▲ 222.6 178.0 - - - - -

3 1 ▲ 56.9 50.0 35 184.5 ▲ - - -

0.3 87 100.0

-1 ▼

14

0 0

0 0

11

33.2

96.0

64.1

100.0

▼

1

14

▲

Change (%)

32.1

-

1,863.1

-

100.0

Societe Generale 25* 33* 4 1 ▲ 763.5 664.0 6 - - 5.4 22 29.5

Clearwater International 25*

0 0 - - -

0 0 44* - -

1,360 18,849.0 47.6▼

100.0

- - -

0 44*

0

319.3

GBS Finanzas SA

2

20.8

100.0

3.4

11.7

- -

265.2 22 16.7 ▲

20*

20*

AZ Capital

Rothschild & Co

BNP Paribas SA

▼

Norgestion

Santander Corp & Invest Bkg

2.0 37*Clairfield International 20* 41* 5 3 ▲

Nomura 41* 4

5*

▲

▲

0 -Goldman Sachs & Co 25* 29* 4

-

2.9 100.0

-

- - -

44* -29* 4 0 -

Fidentiis Equities SV SA 25* - 4 4 ▲

20.9467.6 400.0 13* -20.8 ▼

33

- -

7.7 11*

▼

20.5 16.5 39 - -

665.9 547.8Citi

2018

12*

Deutsche Bank

10

Eurohold SL

Deals

Lazard

KPMG

Ernst & Young LLP

8

Banco de Sabadell

2017


Financial Advisor

UBS

101

-

14.3

Rank


14*

8

20*

BDO

467.6

▼

8

-9

18

24

276.7

-5

520.5

1,222.8

562.3

9

▼

7.3

9.9

2

Advisor

13

-

▼

2018

2 ▲

47

6

10.1

▼

18

7.3

100.0

26.0

5

▲

4.6 24

2.4

6

280.4

5

▲

27

16*

10*

3

-96.1

1,623.9

-

10.1

3.4

16*

▲

1,027.1

8.4

▼

25*

2

16*

6*

0 44*

-28.1

400.0

4

0.6

▼

Euro mil

▼

Rank

302.3

-13.6

16.8

11.0

25* 4.4

383.5

825.7 684.3

-

38

▲

29*

-4

▼

9

▲

13*

214.7

5

5

278.6

19-3

Spanish Mid-Market M&A up to US$500m by Rank Value Range

Jan 1 - Dec 31

100.0

Spanish Mid-Market M&A up to US$500m by Target Industry

13*

26*


34

Rank Value

Jan 1 - Dec 31

100.0

-

29*

5.8

4.5

18.6

51.8

4

9 -52.9 20*

1,174.5

-


0.7

4.0

-35.2

3

11.7

235.0

0

▲

Industry Total

550.6

▼

6

Mediobanca

20* -1 ▼

CFI

0

25

1

Rank

-

6 -2

-

13*

-▲

▲

1

16*

▼

607.2

7.0

26

▼

50*

▼

23*

-

77.5

25* 5 0

13*5

977.3

20*

25*

8

100.0

228.0

6.8

284.2

5.8

41* -

4

31.2

7

▲

225.3

0.9

334.3

-58.8


Exp. (%)

** Fee

1



2

7 ▲

100.0

▲ -69.2

4

4

9

-17.4

3

# of Deals US$m

17.1

Fees

1,880.5

9*

0

▲

▲

448.6

11

44*

0

5*

2,196.5

1.1

-88.8

-

18*

5

15

0

226.0

33*

3

Rank

2

16*

459.7

16

0.3

9

12*

6

23*

1

2018

▲

-4

# of

▼

17

13*

93

18

16*

454.7

-

10*

41

-28.5

1214*


13.9

Deloitte

Alantra Partners SA

Morgan Stanley

Rank Value

10

1

20*

30.134.2

-14.522,174.2▲78

▼ 8

3

10425.9

0

498.6 436.5 12

-1

▲

9

383.7

▼

10

390.5

Change in

25

11

480.1

▼

57.8

-1

▼

-53.8

7

7

-11

52

-

50

100

150

200

250

300

350

400

$0

$1

$2

$3

$4

$5

$6

$7

$8

$9

# o

f D

ea

ls

Ra

nk V

alu

e (

US

$b

)


26.1%

21.6%

11.5%

8.7%

8.2%

8.0%

3.7%

3.6%

3.5%2.6%2.5% Real Estate

Financials


Healthcare

Industrials

Energy and Power

Materials

High Technology

Retail

Consumer Staples


11


Nordic Involvement Mid-Market Rankings (MM9)



2.0 61* 100.0

1.2 83 100.0

7.4 18 25.6

2.3 52* 23.5

2.5 49* 100.0

2.1 58* 100.0

- - -Mid-Capital 36* 23* 4 -3 ▼

94.8 83.3 58

467.6 400.0 23

8.7 7.5 -

0 0 101*

332.0 282.7 33

542.7 438.8 19

3.3 2.8 -

50.6 44.2 -

FIH Partners AS 36* 20* 4 -4 ▼

Alpha Corporate Finance 36* 36* 4

47* 4 0 -

Porta Finance 36* - 4 4 ▲

5


Translink Corporate Finance

Deloitte

Nordea

-2

2

BDO


6*

10

3*

12

6*

3*

▲

8 4 ▲

64* 4 2 ▲ -27.1 ▼

Grant Thornton 47*

6.3 20 70.0

-1 ▼

-

Bank of America Merrill Lynch 36* 36* 4 -1 ▼

Macquarie Group 36* 30* 4 -2 ▼

Pangea Property Partners AB 36*

1,878.5

BNP Paribas SA 36*

▲

ABG Sundal Collier 12* 6 -10 ▼

▼

285.7 243.1

28

12.4

8.4 15 62.7

.9 122* 100.0

23

2018

▲

628.7

718.7

6

17

36* 1,765.4 11

8.6

771.2

3

2018

▼

6

-88.0


809.1 682.2 12 123.6 ▲

381.1 317.3 - - -

9.6 8.5 - -76.8

3.6

1,425.4 259.6

100.0

48.3

-

684.5

-3

185.3

19

9

161.5

4

*tie

15

27*

Advium Corporate Finance

Goldman Sachs & Co 20* 36* 9 4 ▲

Houlihan Lokey 55* 8

-20.3

5 ▲

2017

9 -2 ▼ 433.9 359.8

13

27*

4.0 34*

Lazard 19 16 12 0 - 1,692.5

18


Rothschild & Co

Financial Advisor

KPMG

Danske Bank

-


IMAP

Ernst & Young LLP

1

▼

2.4

▲

-39.2 ▼

16

34*4.0

20* 17

20 -16.9 ▼

55* 7 4


- - -

523.8 442.9 1.5 76*

251.9 35

2

14.2

2,051.4

2 165.6

1

110.1

1,660.1

7

31.1

18.7

1

▼

Rank

100.0

33.3

38 35.3

1

5

1556.1

-

94.4

9*

144.3 ▲

-31.4

17.0

Euro mil

26

6.6

11.8

▲

-1 ▼

2.9

22

14

14

▼

▲

136.7

3.7

26.511

8

5.9

121.4

▲

51

744.3

1,474.0 4

▼

US$m

139.5

1

6

-

2,072

51

- - -

481.8 414.0 22 - -

-42.5

161.0

14

2,424.1

Jan 1 - Dec 31


23.5

34,925.8

3

Jan 1 - Dec 31

Nordic Mid-Market M&A up to US$500m by Target Industry

Nordic Mid-Market M&A up to US$500m by Rank Value Range

Rank Value

▼

12.6 ▲

-88.3 ▼

- -

-59.9 ▼

2600.0 ▲

- -

-

11.1 10

286.8

100.0

100.0

** Fee

100.0

Exp. (%)

13.1

Fees

5.1787.9

948.0

# of Deals

# of


8 -10.3931.5

Rank

Advisor

▼

8*

35

5 -1

2215

3

62

-16

▲

3

9*

37

-

2018 Rank Value

29*

35

Change (%)

259.9

5

6

7

RankRank

3323* 26

▲

25

4.1

▲

-72.9

11

109.2


815.7

4.2

Citi

JP Morgan

568.4

21

1,377.6 1,198.1

491.1

▼

414.7

▲

2 2

38.7

▲

2,171.2

8.9

1896.3

23

1

-

▲

▲

11 23*

9

Industry Total 29,711.0

▼

▲

14

27*

238.0 ▲

100.0

Handelsbanken Capital Markets

89.5

61.9

▲

16*

▲

100.0

4.9 28 100.0

2.5 49*

47.4

100.0

56

▼

43

8*

▼

▲

924.2

▲

-8


36*

27*

22*

23*

-220

17.8

117.512*

13

241.8 198.2 - - -

177.0 150.0

5 -3

7

DNB ASA

SEB

18

Carnegie

100.0

▲

Change in

32 100.0

4.3

47.1

81.4

Global M&A 25* ▼

Deutsche Bank 81* 5 4 ▲

2.5

▲27

1,499.8

▼

▲

21

14 7 821.6

▲

0

22*

24

25*

▲

▲

0 0

216.1 182.5 - -

27 37.7 ▲

2.1 1.7 - - -

101* - -

Arctic Securities ASA - 5 5 ▲

451.5 390.6

-

14

16*

18

11

5.7

44.2

4

100.0

100.0

- -

10.7

73.013

9

26

4

Deals

23* 6 -1 3.0 40* 100.0

5.7 23* 14.3

- - -

2.1 58*

27*

27*

27*

▼

Credit Suisse 19 5 -4 ▼

EY CF - 5 5 ▲

Lincoln International 36* 5 0 -

Morgan Stanley 30* 5 -1 ▼

Jefferies LLC 20* ▼

Valentum Partners AB 55* 5 2 ▲

27*

27*

100.0

- - -

4.0 34* 100.0

5.0 26* 100.0

.9 122*

-77.6

870.7 745.0 10 335.4 ▲

0 0 - - -

727.7 629.3 13 - -

0

59.1

100.0

21 14.0

Alantra Partners SA 47* 5 1 ▲

Barclays 47* 4 0 -

17.9

6.0

-

100

200

300

400

500

600

700

$0

$2

$4

$6

$8

$10

$12

$14

# o

f D

ea

ls

Rank V

alu

e (

US

$b)


19.2%

13.9%

13.4%

12.6%

10.2%

7.2%

6.4%

4.9%

4.7%


High Technology

Industrials

Energy and Power

Financials

Materials

Consumer Staples

Healthcare



Retail

Telecommunications

12


Benelux Involvement Mid-Market Rankings (MM10)



UniCredit 39* 42* 5 0 - 14.7 12.5 - -3.3 ▼ - - -

Q Advisors LLC 39* 89* 5 4 ▲

100.0

27*

531.6

Societe Generale 36* 38* 6 0 - 191.4 163.9 - -4.7 ▼ 2.3 65* 46.9

-4

40

0

Evercore Partners 39* 32* 5 -2 ▼ 421.0 347.7 18 -60.1 ▼ 16.4 10 45.8

Deutsche Bank 39* 42* 5 0 24.8

100.0

- - -

34.7 30.5 - 402.9 ▲

206.0 180.0 34* -85.7 ▼

603.7

0

5.0 36 70.4

-

188*

205.0 - - -

0 0

Mizuho Financial Group 33* 57* 7 4 ▲

Bank of America Merrill Lynch 33* 28* 7 -1 ▼

0 0 - - -

236.5

17

100.0

24.0

5.8

Houlihan Lokey


0


JP Morgan

23

16

29

3

2

▲415.2

471.2

10.98

3 ▲36* 57*

42*

3 ▲

33* 57* 7 4 ▲

- - -

6.0 31* 24.6

- 399.9 352.0 21

42

60.7

1*

11

▲

3212.1

Change in

4

32.7

Deals

67.0

4212*

20*

89*

▼

1,848.0

188.6

1

-20.7

▲

18

28*

19*

12

14*

Capitalmind

8.0

Fineurop Soditic

CFI

RBS 31* 32* 8 1 ▲

Quore Capital 31* 46* 8 4 ▲


4.6 39*

6.0 31*

1,152.4 992.7 4 84.5

▼

1,312.2

UBS

9

337.0

▼

▼

Change (%)

140.0

# of Deals

28.4

▼852.5

100.0

BNP Paribas SA

Rank

-5

-

1 ▲

0

-

155.3

58 17

▲

6

Rank

402.7

▲

▼

20

15

▲

1,513.0

11

24

162.4

- -

7

163.2

54.1

144.0 121.5 48 -70.0 ▼ 11.6 15

67.6

100.0

Jan 1 - Dec 31

2

424.1 -

734.9

Benelux Mid-Market M&A up to US$500m by Rank Value Range

16

▲

- -

5

100.0-

5

186.4

17

▲

-40.3

398.7

▼

-15.9

Jan 1 - Dec 31

100.0

-

6.3 29* 64.9

- -

99*


Benelux Mid-Market M&A up to US$500m by Target Industry

Exp. (%)

1.1

11 -58.4 ▼

6

-64.2

Euro mil

5* 43

▲

** Fee

14.3

-1 ▲

-

▼

▲

100.0

11

12 -1

-184

-1 ▼

-35.4

29.4

-

9

▼

18 15

27* 38* 9

23* 10

William Blair & Co

Industrial & Comm Bank China ▲

0

14

49

7

20 339.0

2,544.4

388.4

29

34.4

2.2

620.5

8

▲

12*

337.8

-2

8

-

32*

.8


*tie

15*

8

9.0

408.8 347.0 19 84.9

1,065.3

-

22

111

511.8

77.6

4.2 41

▲ -

16

20

4

255.7

Industry Total ▼28,562.5

17

▲

▲

-32

29*

Kon SpA

IMAP

Citi

Credit Suisse 27*

Bryan Garnier & Co

4

14

25.8

11.0

-

22.0

485.9

12

3

324.4


▲

290.0

2018

US$m

Rank Value

Fees

▼

2,153.3

2

Financial Advisor

Advisor

Lazard

ING


Ernst & Young LLP

KPMG

Deloitte

Rothschild & Co

30

5*

10


2018

▲

2018

84.7

9*

6.5

9*

Rank Value

28

Cooperatieve Rabobank UA

BDO

41

6*

39.6614.4

10

14.4

21*

12.3


-22.333,701.7

20

20*

5.218

Globalscope

Jefferies LLC

-33.7 ▼ 3.6 50

7.0 6.0 - - - 3.2 53*

36* 46* 6 2

14*

25* 46*

67*

6

848.9

Morgan Stanley

100.0

▲


Goldman Sachs & Co

1

23

502.0

15*

878.7

11

1,031.1

3524.5

-

▼

0

-

710.0

▲

5

-

11

Alantra Partners SA 27* 32* 9 2 ▲ 254.2 208.0 -

21*

19*

21*

21*

20.4 100.0

709.6 ▲

20.0

1

37

▼

51

162.3

-16

193.2 ▲15

20*

23*

-7

▲4

- -

23*

22*

-

▼-3

1*

-

341.9

28

140.3

Rank

▼

▲

1,578.6

- - - - -

6*

24

▼

-

215.3


4.8

5

3

2,031

-

16.5

9 0 - 605.4

11

19

59.7

100.0

100.0

32.1117.5 49

47.1


4

Global M&A 39* 19 5 -7 ▼ 199.3 164.0

100.0

9.3

35

12

1▼

31.4 27.5

-39.6

4.1

7

80.4 6.3

3.4

17 -

6

17

▼

29.8

100.0

100.0

13

-86.7

5.7

34

10

11

25* 100.0

100.0

▼

-10

707.6▲

-18

▼

-64.0

-37.2

▲ -51.7

▲203.2

-61.8

5

34

▼

14

14*

-68.2

58.8

5 -1 ▼ 155.0 132.7 45 -61.2 ▼ 4.1 42* 100.0

100.0

100.0

100.0

3.8

▼

12

19.9

99.3

9 -

# of 2017

▼

0 0

69.7

8

10

23

Rank

▼

▲

Santander Corp & Invest Bkg 39* 69* 5 3 ▲ 1.4 1.2 - -96.3 ▼ 3.0 55*

Macquarie Group 39* 38*

Clearwater International 39* 57* 5 2 ▲ 0 0 - - - 2.0 71* 50.0

-

100

200

300

400

500

600

700

$0

$2

$4

$6

$8

$10

$12

$14

$16

# o

f D

eals

Ra

nk V

alu

e (

US

$b

)


18.9%

14.4%

10.2%

9.4%

9.2%

8.7%

7.5%

7.4%

6.1%

4.6%2.2%

Real Estate

Financials

Healthcare

High Technology

Materials

Energy and Power


Industrials


Consumer Staples

Retail

Telecommunications

13


Eastern Europe Involvement Mid-Market Rankings (MM16)



-

17.7 14.8 - - -

206.0 180.0 22 -21.4 ▼

Translink Corporate Finance 28* 31* 3 1 ▲

Equity Advisors Sp zoo sk 28* 51* 3 2 ▲

0

Credit Suisse 28* 16* 3 -1 ▼

Savills PLC 28* 51* 3 2 ▲

Baker Tilly International 28* 23* 3 0 -

LionTree Advisors LLC 28* 31* 3 1 ▲

-

▼

260.8 214.0 18 - -

143.6 122.2 - 35800.0 ▲

153.0 123.4 24 147.2 ▲

272.7 237.5 16 83.8 ▲

55.9 48.0 - -

BNP Paribas SA

6

523.8

3

14*

100.0

50.9

11.5

8

# of

UBS

10* 8

Globalscope

2017


1.1

297.5

135.9

4

5*

22* 11* 4

855.3

7*

1

Rank

31*

5*

-2

22*

Goldman Sachs & Co

Porta Finance

Barclays

Lazard


52.1 43.2 39* -61.4 ▼ 1.5 36 34.1

375.0 305.7 9 -35.8 ▼ 1.9

61.5

120.6

527.0

143.6

35 13*

100.08.0

-

2.0 26* 100.0

1.1 42* 100.0

28* 16* 3 -1 ▼

65.3

0 - - -

50.2 43.1 - 1692.9 ▲

18*

1,075.2▲

18*

14*



4

0.7

▲ 0 0 - -

78*

2.2 23*

- -

2.5

122.216*

IMAP

Ernst & Young LLP


10*

CFI

22,622.8

KPMG

Turkiye Garanti Bankasi AS 28* - 3 3 ▲ -

100.0

33*

75*

3.0

14

*tie

100.0

100.0

-

19* 100.0

0.6 81* 100.0

1.0 44* 11.2

▲

604.6

14*

1

10.3

CMT Advisory Sp zoo -

0

1

4

16.8

22* 51* 4


Exp. (%)

428.2 ▼

100.0

4.0

100.0

▼

70.5

6

▲ ▲

10

197.6

544.2

▲14*9


-

11*

▼

2

240.3

-75.8

▲

495.0

14*

4

▲

Nordea 37* 0 - - - - -

26*

23*

-69.4

-26.1

▼

Superia 22*

3

Mediobanca 28* 51* 3 2 ▲

Houlihan Lokey

100.0

-5

255.4

-

▼ 26*

23.1

-

14*

1.3 -

16*

6

4

Industry Total

10* ▼

4

19,226.6

Citi

1

4

33

35800.0

41

2,255 -922


2

7*

31

-16

253.8

▼

1.2

4

5

1

▲

-

408.4 349.2

Rank ValueChange in

13

9

62.0

7

-

51*

2.8

2.0

2.3

Jan 1 - Dec 31

2.0

390.2


EE Mid-Market M&A up to US$500m by Target Industry

0.5

Rank Value

17.8

100.0

93.4

2.27

▼

5

-7

735.6

▼

19.3

▲

2018

100.0

1

21

1.3

▲

1.6

2018

-

-11.2

208.0 181.4

-20.8

Rank

300.05

34.2

22*

▼

22*

1

33*

▼

Advisor

6.3 7

3

10

214

-

9

6

-29.3

-

451.2

32

1,221.3

Deals

▲

-26.6

▲

107.6

-

6

84*

▼ 100.0

-

3.3

▲

14.7

1037.1

-14

100.0

100.0

7.9

318.2

6.4

32.2

16*

100.025

52.0

23*

1.6

▲

-7

2.7349.2

17*

Eastern European Mid-Market M&A up to US$500m by Rank Value Range

9

63.7

25

-7

-1

38

18*

Fees

29

6

▲

8

100.0

3 128.4


Euro mil

4

13

230.713 20

0

100.9

-

65.0

22

2

▼

164.1

149.8

-62.1

Change (%)

3.9

2018

-74.1

17*

- 2.9

13

Morgan Stanley

156

0.8

2.1-

2

23*

74.4

11

JP Morgan

4.2

13

17.6

11.8

2

1

10

▼

# of Deals

Jan 1 - Dec 31

-17

7.4

16*

▲▲

23

▼▼

31

US$m

▼

3 458.45*

8

▲

8

48

BDO

Societe Generale

▼

VTB Capital -3

517.031*

10*

-1

580.7

-

4

▼

▲Santander Corp & Invest Bkg

72.1

▲

Rothschild & Co

▲

18*

▼

▼

5

▼

-10.5

- 2 2 ▲ 0

Deloitte

292.5

3357.4

23*

▲

1

Rank


RankFinancial Advisor

Scotiabank 37* - 2 2 ▲ 255.0 220.2 19 - - - - -

Blackwood Capital Pty Ltd 37* - 2 2 ▲ 41.5 36.1 - - - 0.7 78* 100.0

Deutsche Bank 37* 23* 2 -1 ▼ 0 0 57* - - 2.5 19* 69.4

Mizuho Financial Group 37* - 2 2 ▲ 0 0 - - - - - -

-

5

** Fee

100.0

100.0

11*

4

5

2.73 9.7

8

22

-78.7

0

-

31* 4 2 ▲

-

40

-

Akis Bagimsiz Denetim ve 37* - 2 2 ▲ 13.3 11.0 - - - - - -

HSBC Holdings PLC 37* 51* 2 1 ▲ 57.9 47.2 - 14375.0 ▲ 0.7 78* 100.0

Ts Partners Spolka Z 37* - 2 2 ▲ 37.7 32.6 - - - 1.6 33* 100.0

-

200

400

600

800

1,000

1,200

$0

$2

$4

$6

$8

$10

$12

# o

f D

eals

Rank V

alu

e (

US

$b)


18.5%

14.8%

12.2%

10.8%

10.5%

7.5%

7.4%

5.7%

5.2%

4.9%

Real Estate

Financials

Industrials

Energy and Power

Materials

Consumer Staples

Retail

Telecommunications

High Technology



Healthcare

14


Hochinma Involvement Mid-Market Rankings (MM13)



354.6


-

57.9

40

14

40*

16 -66.5

10

Tianfeng Securities Co Ltd

11

Jan 1 - Dec 31

10.3

Guotai Junan Securities

China Great Wall Sec Co Ltd

UBS

BNP Paribas SA

China Construction Bank

- 1588.6

BDO 32* 40* 12 0 -

Globalscope 36* 49* 11 1 ▲

Haitong Securities Co Ltd 36* 8 11 -28 ▼

RBS 38* 233* 10 9 ▲

Platinum Securities Co Ltd

399.8 - -

1,134.0 31 24.9

1,047.8 - 42.0

412.4 79 -84.2

6 ▲

19

▼

100.0

-

▼ 88.9

11 31 2,518.7 10

12

5.0

80.0

12

4

43

2017

▲

18

15.8


54.2

38*

44.1

1,301.8

▲

9.9

810.4 -

China Merchants Securities Co

Lazard

Guosen Securities Co Ltd

27.5

15

Industrial & Comm Bank China

2,207.4

63*

40*

19.3

Optima Capital Ltd 38* 13 10

1,333.9

▼

21.4

19

100.0

▼

-

▲

▲

-

34.3

-

1,220.5

-

13 3

6

18*

Rank

▼

Change in

16

15

▲

-2


-

18

85*

7

-

-4

-48.0

42

27*

Ernst & Young LLP

Change (%)

▼

10.4

Rank

▼

10 -5

▼

38* 32*

Deloitte

China Securities Co Ltd

490.3

Citi

782.2

▼

6*

▲

▲

1,273.9

-

-

90.4

** Fee

36*

6*

Financial Advisor

19

22

▲

29

17*

14

-

149*

282.4

2.8

17

74.5

8

17*

▼462.0

6

41.2

203*

2,917.4

32*

32* 70*

-9

26*

62.3

273*

5

13

▼

638.5 54 -61.9

1,756.2 17 30.4

1,884.0

20

Deals

4

50 8 ▲

2

4

1.6

9

3

-15.3

2

1

US$m

7,608.6

Fees

Huatai Securities Co Ltd

KPMG

1,239.3

42

1,527.8

100.0

-

3

JP Morgan

2018

▲

20

6

▼

613.9

16

▲ -

Rank

-8.7

7

111*

▼

25*


6

-

25

▼

# of Deals

▼

▲

1,426.8

170

3.8

▼

Rank Value 2018

Rank

31.2

▼

▼332,900.9

-

▼13

-11

▲

-

867.5

23

-

▲

23*

▲

10

▼

-107

14

12

8

100.0

57.7

▼

21*

16

*tie

63* 10 2 ▲

Barclays 38* 111* 10

16 -66.0

-17 ▼

Dongxing Securities 38* 44* 10 -1 ▼

Ballas Capital Ltd 38* 111*

6.0 27* 100.0

0.7 168*

-

▼14*

18

-


Hochinma Mid-Market M&A up to US$500m by Target Industry Jan 1 - Dec 31

14.5

1.1 112* 100.0

255* 100.0

- - -

- - -

7.0 25

29*

29*

10.9

100.0

9

11 10.4

119*

18.9

44

▲

▲

7

15.8

-7 35.6-46.4 ▼

1,579.7

▼


3.0

26.1

2

49*

203*

6,144.2

14

1.2

15

26.0

61

# of

7

32

▲

1

6

-

-58.8

531.7

55.2

98.0

Advisor

4,000.8

-26.8

7.8

-2

6.3

100.0

22.9

21

9

68.5

197.6

-24.9

2

100.0

25 23*

1,207.1

▼22

100.0

34*

100.0

1.1

Somerley

▼

41.2

0.5

Rothschild & Co

Deutsche Bank

852

▲

▲

▼

2

8.8

▲

-41.6

▼

15.9

-10

35

14

▼

9,673

29*

26*

14

8.1

1.5

-10.2

16

4

112* 100.0

Industry Total

▼

▲

0.5

▲

19

-17

- - -

0.2

34

69

Exp. (%)

31.5

10,483.5

14*

3,764.3

Hochinma Mid-Market M&A up to US$500m by Rank Value Range

-▼

10

5

10

2

8

2,727.4

▲

1,899.2

-25

▲5

-5

20*

-

20

41

▼

32* 18*

66.7

▲

35

2,148.4

20


-16.9

-7

-0

▼15

7

-11.8

Goldman Sachs & Co

24

-40.0-13

1,398.0

9

▼

212.0 - 38.9 ▲

▲

▼

12

-55.4

13

-

Morgan Stanley

12

21*

46.4

RHB

Veda Capital Ltd

2,320.8

-59.6

1

2018

-37.4

China Renaissance Partners

China International Capital Co

CITIC

14*

29*

5

0.9

17

-

71*

23.1

-158

2,951.9

9.5

Lego Corporate Finance Ltd

32.3

7.9 19 100.0

98.5 - -77.8

5.2

659.2

101*

-32.2

71.0


Minsheng Securities Co Ltd

Credit Suisse

▲

▲

-

21*

11

55*

31

13

12

32*

24

0.1▲

▼

67.8-1.0

▲

▲

55

5.6

-5

1.0

9

▼

▼

390.2 -

1

-2 ▼

-

16

23.9

Kingston Corporate Finance Ltd

Gram Capital

19

-6

▲ ▲

21*

30

1

▼

▲

▲

Sinolink Securities Co Ltd

1,894.3

40.5

1,381.0

26*

49*

▲

▼

▲

20

2,927.3

12

2,569.520*

3

89*

2.0

12

-43.1

112.0

Rank Value

-

500

1,000

1,500

2,000

2,500

3,000

$0

$20

$40

$60

$80

$100

$120

# o

f D

ea

ls

Rank V

alu

e (

US

$b)


15.3%

14.0%

13.4%

13.3%

10.9%

7.2%

6.7%

5.4%

4.5%

4.4%

3.7%Industrials

High Technology

Real Estate

Financials

Materials

Energy and Power

Healthcare



Consumer Staples

Retail

Telecommunications

15


Hong Kong Involvement Mid-Market Rankings (MM12)



118 -98.8 ▼

237.3 - 277.9 ▲

328.6 - 372.8 ▲

76.7 - 291.3

100.0

1.7 31* 100.0

- - -

4.0 12* 100.0

31* 20* 4 -4 ▼

5

- -

▼

China Galaxy Securities Co 31*

1.2 42* 100.0

2.7 21 100.0

22.0 - -95.3 ▼

65.6 79 -70.3 ▼

0 -

106* 4 3

Zhongtai Securities Co Ltd 23* 106* 5 4 ▲

China Af Corporate Fin Ltd 23* 31* 5 -1 ▼

- - -

- - --84.4 ▼

548.2 17

100.0

- - -

3.2 19 100.0

0.7 69* 100.0

0.3 106*

KPMG 31* 15* 4 -7 ▼

PricewaterhouseCoopers 31* 20* 4 -4 ▼ 5.3 9* 52.0

2.0 23*

Amasse Capital Ltd

China Construction Bank

Veda Capital Ltd

▼

9

0 0.8

7

8

# of Deals

57.7

Change in

10.1▼

19*

-7

▲

367.0

-

4

55.3 ▲ 0.7

CITIC

-4

Platinum Securities Co Ltd

-10

-4 ▼

-

Gram Capital

JP Morgan 31* 55* 4 1 ▲

583.4

Goldman Sachs & Co

Morgan Stanley

▼▼

2

▲

Messis Capital Ltd 23* 27* 5 -2 ▼

BNP Paribas SA 31* 15* 4 -7

309.4 - 442.8

▲

47*

14*

6*

26


55*

Hong Kong Mid-Market M&A up to US$500m by Rank Value Range

Deals

0.7

-

-

-2

6

Exp. (%)

100.0

5

▼

-3

8

10

100.0

42*

89*

3

Rank Value

311.0 - 88.5 ▲

Jan 1 - Dec 31

▼

-

9

9* -▼

69*

11*

31*

- 484.6 22 -38.5 ▼

31*

1

0.9

196.0

▲

72* 4 2 ▲

72* 4

18

-15.4

-39.4

-

▲

11* 4 -8 ▼

778.6

-6

▲

48.3 93

▲

157.3 ▲

574.5 14 16.1

5 -

▼

100.0

100.0

6.0

-

▼

-

20* - -68.9

16*

-0.3

▼

13

674.2

-

▼

9* -5

-

0.5

10

27.5

-74.5

72*

23*

10

8

▼

▼

▼

-1

66*

23*

506.4

8 ▲

818.6

10*

3

27*

20▼

-10

▲

76.735.81,099.0

7

-

▼

-

5

10

** Fee

-25.6

70.9▲

16

▼600.9

▼

15 -136*

43*

-15 1,159.3 ▼

-43.9

10*

8* 18

2*

638.5

3.8

3

390.2

-

8*

2018Rank Value

1

76.3

20

▼

1.1

2018

Rank

2017

1213

1

Lego Corporate Finance Ltd

Kingston Corporate Finance Ltd

Somerley

908.9

556.4-

▲

462.0

▼

3.3

-3

▲

2

1

23

12

68.8


100.0

2*

▼

6

7

18*

▲


US$mFinancial Advisor Rank

# of

8

-37.3

2018

▼

18

13*

19*

31*

31*

Hong Kong Mid-Market M&A up to US$500m by Target Industry

10.0

1.7

13 ▲

5

Rank

17


55*

6*

-

354.6

8 -55.1


3,017.9

613.9

11*15

▲

6.0

5.6

Change (%)

2.0

Jan 1 - Dec 31

Fees

Red Sun Capital Ltd

Rank

1

-

3342.8

Advisor

▲

100.0

-

13* 2

7

6

40

4

Nuada Ltd

99.0

26

Citi 23* 37*

-85.6

6

3.8 14* 13.1

Goldin Equities Ltd 23* 15* 5 -6 ▼ 607.6 11 259.5 ▲ - - -

BDO 23* 43* 5 1 ▲

INCU Corporate Finance Ltd

Haitong Securities Co Ltd

UBS

Ballas Capital Ltd

Optima Capital Ltd

4

415.3

▼

▼

344.8

2.8

20*

-24.0

16*

10*

64.3

4 -15

-4

9

19*

286

782.2

69*

China Great Wall Asset Mgmt

18*

-

47

-50.3

5 0

VMS Securities Ltd

Shinco Capital Ltd 2 ▲

Opus Capital Ltd 31* 55*

100.0

-

6*

61,514.0 -12.3

-

100.0

▲

60*

3.0

100.0

504.4▼

100.0

-45.2▲

31*

1,331.8


▲

123.9 - -65.3 ▼

23.7

▲

11*

15.8

7

Industry Total

16*

70.1

1

47*

-73.55

100.0

-274

-2

-

89.5

1 ▲

Euto Capital Partners Ltd

1.1

▼

31*

-3

-

1.2

34.4

-

19*

▼1,642

-58.2

12

39.6 -

6

623.8


298.6

▼

-

*tie

Ernst & Young LLP


9.5

-

▼


Deloitte


▼

-

100

200

300

400

500

600

$0

$5

$10

$15

$20

$25

# o

f D

eals

Ra

nk V

alu

e (

US

$b

)


21.1%

15.8%

13.1%9.8%

7.7%

6.4%

6.3%

5.5%

5.3%


Financials

Industrials

High Technology

Materials


Consumer Staples

Healthcare

Energy and Power


Retail

Telecommunications

16


Australia/New Zealand Involvement Mid-Market Rankings (MM11)

*tie



0.6 112* 100.0

2.4 42* 32.0

6.1 20 100.0

0.8 103* 5.5

3.0 36* 100.0

- - -

- - -

2.9 38* 100.0

1.1 72* 100.0

3.0 36* 100.0

- - -

5.0 27 100.0

- - -

Fort Street Advisers 37* 22* 3 -3 ▼

926.3 14 1240.5 ▲

647.2 20 - -

345.9 - - -

283.8 - 38.0 ▲

145.5 - 2209.5 ▲

432.7 - 31.0 ▲

620.8 22 - -

0 - - -

528.1 23 - -

384.0 - - -

905.7 15 - -

141.9 - - -

627.8 21 -25.3 ▼

BMO Capital Markets 37* - 3 3 ▲

Maher & Assoc Ltd 37* - 3 3 ▲

Highbury Partnership Pty Ltd 31* 43* 4 2 ▲

Scotiabank 37* - 3 3 ▲

Taylor Collison Ltd 37* - 3 3 ▲

Investec 37* 22* 3 -3 ▼

CIBC World Markets Inc 37* 64* 3 2 ▲

First NZ Capital

Equiteq LLP 37* 39* 3 0 -

Haitong Securities Co Ltd 37* 64* 3 2 ▲

Jefferies LLC 37* - 3 3 ▲

CITIC 37* - 3 3 ▲

37* 22* 3 -3 ▼

12*

▲

Rank Value


12*

5

43*

1,560.9

2,239.5

-3

▲

6*

9.2

1235.2

8

▼

Greenhill & Co, LLC

Rothschild & Co

10

55.6

144.2

12.6▲

5

-

-2

426.4

-12

85.9

▼

11

2

107*

▼ 1,162.4

4

▼

-

▲8


Financial Advisor

-12.9

9

89.3

18*

5

3

8

▼

7

-2

10

▲

59.5

12*

▲

▼

34.9

730.7

16.4

10*

21*

100.0

23*

10.2

16*

21.3

4.8

8

18*

16

3

Jan 1 - Dec 31Aus/New Zealand Mid-Mkt M&A up to US$500m by Target Industry

91,225.4

▲ 76.4

3.2

▲

3553.5

45


100.0

4▲13.6

27.7

1

-15.3

Jan 1 - Dec 31 Australia/New Zealand Mid-Market M&A up to US$500m by Rank Value Range

6

11

45.6

480.7

-11

▲

25

1 ▼

9.5

# of

100.0

46,564.5

8

7

2018

Rank

▲

-9.3

166.8

▲

▼Industry Total

17

2,179.9

315.4

▲

Change in

Macquarie Group

100.0

▲

28*

▼

37.7

▲

Deutsche Bank

12*

16

10*

5.4

42*

-

▲

16.5

74.2

7

12*

Ernst & Young LLP

** Fee

Exp. (%)

Deloitte

Goldman Sachs & Co

6.3

16*

Rank Value

180.0

2


11

12

▲

237.2

-

40.0

18▼

5.6

4

87.9

Rank

10

226

3

2017


21

100.0

2.4

2018

4

1

# of Deals

▲6

13

13

Lazard

7 1 ▲ 1,095.4 11 -25.2 ▼ 12.6 6* 53.6

-9

40

10

6

2,811.8

-14.8

33.7

100.0

22* 4

Rank Rank

15

17

0.5

5

▼

▲

-20.5

Fees

0

1

-59.0 ▼

10

11


Allier Capital

Cameron Partners Ltd

Credit Suisse

Moelis & Co

BDO

UBS

1

9

12*

58.6

▲45

▲

1,046.9

23

9

US$m

Advisor

2,256 827.7

-

86.2

9.7

2018

10.3

-

12

▲

12.6

244.3

▲

▲


100.0

65.1

23* 100.0

▼

18*

16*

10

1,438.3

0.7

29


▲

▲

1,882.9

-

34*

31

28* 6 1 ▲ 51.0 - 684.6 ▲ 1.0 75*

10

-5

2

2

44

22*

28*

-4

815.8

24.7

8

7.6

28

Euroz Securities Ltd 21* - 7 7 ▲ 178.8 - - - 3.8 29* 100.0

RBC Capital Markets 23* 33* 6 2 ▲ 672.8 19 61.7 ▲ 3.6 32 26.5


20*

21*

3

8

3

16*

28* 14

727.9

3

2

100.0

1

Change (%)

16.6

10.0

2,088.6

▲

4

KPMG

Citi

Grant Samuel

Morgan Stanley


345.7

3

35

Deals

7.2▼

3.7

9

Miles Advisory Partners 23* 12* 6 -4 ▼ 32.5 - -42.6 ▼ 2.0 46* 100.0

JP Morgan 23* 16* 6 -3 ▼ 1,483.6 7 406.5 ▲ 5.6 21* 38.4

Gresham Partners 27* 12* 5 -5 ▼ 262.8 42 -61.3 ▼ 5.3 25* 25.0

Barclays 27* 20* 5 -2 ▼ 205.0 46 -64.5 ▼ 8.8 13 20.2Houlihan Lokey 27* 19 5 -3 ▼ 267.9 41 -55.2 ▼ 3.8 29* 100.0

Nomura 27* 33* 5 1 ▲ 1,051.7 12 131.7 ▲ - - -

Azure Capital 31* 43* 4 2 ▲ 29.8 - -26.8 ▼ 0.4 119* 100.0

Oaktower Partnership Pty Ltd 31* 43* 4 2 ▲ 54.8 - 46.9 ▲ 3.3 33 26.4

Argonaut Ltd 31* 64* 4 3 ▲ 67.1 72 -71.3 ▼ 1.1 72* 100.0

58.7

Flagstaff Partners Pty Ltd 31* 33* 4 0 - 478.6 - 137.6 ▲ 7.1 17 100.0

Luminis Partners Pty Ltd 31* 43* 4 2 ▲ 154.2 - 36.8 ▲ 1.2 69* 100.0

-

100

200

300

400

500

600

700

$0

$2

$4

$6

$8

$10

$12

$14

$16

# o

f D

ea

ls

Ra

nk V

alu

e (

US

$b

)


22.3%

13.4%

12.1%

10.2%

7.6%

7.4%

6.7%

6.2%

6.1%

5.9%Real Estate

Materials

Energy and Power

Financials

Industrials


Consumer Staples


Healthcare

High Technology

Retail

Telecommunications

17


Singapore Involvement Mid-Market Rankings (MM14)

*tie



- 2.0 22* 100.0

Plutus Consulting Co Ltd 22* 52* 2 1 ▲ 4.9 - 1533.3 ▲ 0.1 85* 100.0

Equiteq LLP 22* 32* 2 0 - 0 - - - 2.0 22* 100.0

Grant Thornton 22* 52* - - -

Xandar Capital Pte Ltd 22* 52* 2 1 ▲ ▲ 0.5 68* 100.0

5.3 9 100.0

0.4 73* 100.0

0.6 58* 13.0

1.6 31* 100.0

- - -

0.4 73* 100.0

0 95* -

0.6 58* 100.0

-8.6Industry Total 1,138 36,620.4

▼

78.4 - 199.2

2 1 ▲ 387.5 17 7351.9 ▲

William Blair & Co 22* - 2 2 ▲ 433.8 13 -

728.0 5 82.0 ▲

0 - - -

207.9 30 -73.4 ▼

197.5 31 -64.9 ▼

4.8 - - -

0 - - -

5.9 - -35.9 ▼

28.3 - 65.5 ▲

11.0 -

1 ▲

UBS 22* 11* 2 -5 ▼

2.0 22* 100.0

0.8 56* 80.0

1.2 38 100.0

- - -

- - -

2.9 16 42.0

RHB 22* 6* 2 -6 ▼

Morgan Stanley 22* 4 2 -9 ▼ 300.0 25 -70.9

PricewaterhouseCoopers 22* 6* 2 -6 ▼

Hong Leong Group 22* 52* 2 1 ▲

Kingston Corporate Finance Ltd 22* - 2 2 ▲

3.8 ▲

14.8 62 -95.8 ▼

7.2 - -29.4 ▼

393.2 15 -19.2 ▼

141.6 - -41.3 ▼

Stirling Coleman Capital Ltd 22* 32* 2 0 -

SAC Capital Private Ltd 22* 26* 2 -1 ▼

Moelis & Co 22* 32* 2 0 -

Macquarie Group 22* 32* 2 0 -

Growin Partners Inc 22* 52* 2

JP Morgan 19* 14* 3 -2 ▼

Kingston Securities Limited 22* - 2 2 ▲

United Overseas Bank Ltd 22* 19* 2 -2 ▼


2018


Deutsche Bank

55.0

US$m

▲

Veda Capital Ltd

3

Rank Deals

Goldman Sachs & Co

DBS Group Holdings


▲

5.8

16

2

5 1

▲

6* 26*

2017

1

8

Rank

292.5

6

10

Rank Value

4*

Oversea-Chinese Banking

▲

7

ING



22* 100.06

646.5

6

8

47

6

▼

458.7

6

6*

5

Jan 1 - Dec 31

28.3

19*

-

Fees

100.0

-

Rank

Singapore Mid-Market M&A up to US$500m by Rank Value Range

▲

100.0

4*

▲

0.6 66.7

-

59 -92.3

55.5

- 6

19*

▲


-65.2

Exp. (%)

2018

34.5

0 - 367.1

▲


-

100.0

7

382.6

3.7


478.7

Singapore Mid-Market M&A up to US$500m by Target Industry

66.8

170.5

-

40.3

17.4 ▲

100.0

100.0

-

100.0

100.0

2.0

3.3

▲

7

-

18

▲

2 676.6

33

6.6

12

1,121.4

-

2.8 17*

0 - -

100.0

61.9

78.3

18.5

6*

16*

6*

-8

▼

141.9

534.5942.3

# of Rank Value

19*

▼

▲

4

▼7

14

58*

7

14*

Tianfeng Securities Co Ltd

Citi

Deloitte

2

-

Change in

22*

4

7

21

▼1*

34*

176.7

329.0

▲

1,368.6

2018

Rank# of Deals

1,085.8

6.0

2.0

12

Advisor

-52.0

▲

2.0

8

▲


1.4

7

▼

4

26*

6*

10*

10*

- -50.9

95*

▼-8

4

- 3 -

22*

17.6

19*

11

▼

3

4

▼

Financial Advisor

▲

19*

9

8 ▲

▲32*4*

4

▲

Credit Suisse

▲

-1

19

-

4*

-

405.8 -19.5

-

Jan 1 - Dec 31

Change (%)

** Fee

6.6

1

-

-

576.8


Ernst & Young LLP

10*

KPMG

Evercore Partners

14*

6

52* 3 2 ▲ 528.1 8

14* -94.9

0

6*

794.5

82.8

▼

39

2.7

1.1

▼

-

3

-14.3

87.0

567.5

16.9

43.9

3

▲

▲

3

▼

14*

6

1

-81*

16*

16*

19*

446.7

Rothschild & Co

32* ▲

▲

4 ▲32*

10*

- 4

-

1

Haitong Securities Co Ltd 19* - - -


4 -

50

100

150

200

250

300

350

$0

$2

$4

$6

$8

$10

$12

$14

$16

# o

f D

ea

ls

Rank V

alu

e (

US

$b)


34.8%

12.4%

10.4%

8.3%

7.4%

6.4%

5.0%

4.2%

4.1%

3.9%Real Estate

Financials


High Technology

Industrials


Materials

Energy and Power

Consumer Staples

Healthcare

Telecommunications

Retail

18


Japanese Involvement Mid-Market Rankings (MM15)



- 18.7 ▲

8.3 - - -

BDA Partners 36* - 4 4 ▲

Barclays 44* 45* 3 0 -

Evercore Partners 44* 82* 3 2 ▲

M&A Consulting 44* -

Grant Thornton

Credit Suisse

Lazard

Development Bank of Japan Inc

Value Advisory Godo Kaisha


222

94

Rank

Ernst & Young LLP

Morgan Stanley

Tokyo Financial Advisers

629.3

12 5*

5

19*

7

8

17

# of Deals


▲

Oaklins (FKA M&A Intl Inc) 36*

9

▲

9

-7.5 ▼

-

-5 ▼ 222.0 37

22 4 -7

▲3,845 ▼

Citi

Sumitomo Mitsui Trust Holdings

30* 24* 5

▼

Greenhill & Co, LLC

IMAP

Goldman Sachs & Co

13*

-71.2

7

90.6

Rank Value

Professional Partners

Growin Partners Inc


2017

5,663.2

DealsRank Change (%)

19

-

10.3

9

-

105*

47

3.2

58.6

▼

▲

-

15

6.9

4.0

-6

39

402.0

-

3 ▲

Japanese Mid-Market M&A up to US$500m by Rank Value Range

54

-

▲12

▲

2

11

42

29

▼


23

Mitsubishi UFJ Financial Group

Change in

6

21.7

4,369.1 -

-3

-

Fees

2018

14*

▲

100.0

75*

100.0-

100.0

100.0

100.0

3

▲

2,202.6

1,887.1

US$m

▼

18

48

6

13*

16

1

70

21

3

-31

11

27

17

.4

57.0

-

47.7

-

-15

▲

▲

820.4

10 13*

19* 12

▼

1.0

.7

▲21

5*

10

63.8

▼

100.0

117*

-13.4

▼

5

▲

2,996.2

▲

▲66.4

5

▼

2

▲8 -121.8

-

8

10

6

2.7

24.5

▼

21

1.0 100.0

25

-4.8

40.3

24

216.7

▼

1,486.5

600.1

-33.1

13

▲

94.4

-

2018

7,872.8 1

560.5

-

21.7-69.0

6

▲ 27.0

51.2

Jan 1 - Dec 31

-

-45.3

▼

3.6

Rank

100.0

18

110*

480.0

▲

46

154.4

▲251.6

- -

-4.2

Exp. (%)

3.8

100.0

-

-

Rank Value

20

0.5

-

-17.8

▼8

27*

▼ 7.4 24 100.0Moelis & Co

-2

Rank

2.2


8.1

3,086.3

▼

-

** Fee

34*

Japanese Mid-Market M&A up to US$500m by Target Industry

100.0

-6

▼ 3.6

98.9

▲

3.1

39*

19

100.0

100.0- 6.8

Advisor

67

91

# of

28AGS Consulting Co Ltd

Corporate Advisers

Frontier Management Inc

Maxus Corporate Advisory Inc

Daiwa Securities Group Inc

2018

2

Plutus Consulting Co Ltd

Kaede Group

Deloitte

KPMG

Nomura


Sumitomo Mitsui Finl Grp Inc

Financial Advisor

-40.3

-44.6

Industry Total

-23.2 ▼ 1.0 75*

3 3

-30* - 5 5 ▲ 40.0

- - -

4 1

UBS 30* 32* 5 -1 ▼

*tie

30* 45* 677.1

1,260.0 61.5

▲ 30Deutsche Bank

PLUTUS Management Advisory

▲ 268.5 -

4.3 38 40.2

6.3

21

22

.6

19*

24*

▼▼

-


711.3

128.8

es Networks Co Ltd

5

18

26

27*

27*

-2

21

314.5

-

26

32*

▲

301

169

1,884.2 8

▼

▼

-6

55 13

11.6

65.3

-

6 7

11

39*

37

2.1 55 12.3

-1.0

-31.2

-

100.0

4 ▼

6307.7 ▲ 2.4 52 100.0

▲ 0

- -

-

- - -

0.3 123* 100.0

-

31.2

-

0 149*

.1 142* 100.0

7.4

6

5 -2

42.8

656.8 16 185.3

- -

43*

5 -7 ▼ 38.2

-

110*

27

-2 ▼

100.0

▲

166.0 - - -

272.1 - 60.1 ▲

206.5

▲

6

2

-

2.5 50* 100.0

▲

▲

2947.3

-4.2

136.529

21

1,450.6 3410

10

▼

26

-55.2

30* 30*

-69

24* 685.9

29

23

-

10.6

5.1

7.6

7.3 .6

43*

746.8

3.6

Rothschild & Co -4 ▼ 621.3 18 -16.0

43*

-86.0

▼ 237.9 -

36* - 4 49.5

244

-

57,842.0

7.9

6

2

70 -98.0 ▼

15

4.7

35.1

4 ▲

JP Morgan -4 ▼ 537.3 22 ▼

▼

34*

-

23

▲

30

15 ▲

45

▲

▼

-

381.0

36*

IR Japan 36* 45*

55* 4 2 ▲ 83.3 -

Bank of America Merrill Lynch 36* 24* 4

30* 21

936.4 11

41

42

12

553.6

399.2 -

34

▲

50

6

13

0

▲

4

439.2 ▲ 0.9 102 100.0

Yamada Consulting Group Co Ltd

▲

-3

4

13

39* 7

19*

14*

▼

-95.5

37.4

100.0

3

GCA Corp


▲

-1

17

Jan 1 - Dec 31

19

▲

9

112.0

0.9

▲

100.0

75*

16

▲

Akasaka International Account 36* 34* 4 -1 ▼ 296.0 -

36* 6.5 27 46.8

26*

26*

4 4

14

-

200

400

600

800

1,000

1,200

1,400

$0

$2

$4

$6

$8

$10

$12

$14

$16

$18

$20

# o

f D

ea

ls

Ra

nk V

alu

e (

US

$b

)


21.9%

16.7%

10.2%10.1%

7.8%

7.3%

6.6%

5.6%

5.6%


High Technology

Financials

Industrials

Materials

Healthcare

Energy and Power


Retail

Consumer Staples


19


Chinese Involvement Mid-Market Rankings (MM20)



67.96,544

*tie

-104Industry Total ▼

Guangzhou Securities Co Ltd 37* 78* 8 5 ▲ 397.8 - -23.0 ▼ - - -

Essence Securities Co Ltd 37* 78* 8 5 ▲ 577.5 - -20.6 ▼ 1.3 59 100.0

Kaiyuan Securities Co Ltd 37* 78* 8 5 ▲ 449.9 - 94.4 ▲ 2.5 35 100.0

-7 ▼ 353.5 - -42.8 ▼ 2.9

25* - 10RBS -

21.3

399.8 -


1 ▲ 1,756.2 11 35.1 ▲

Huaxi Securities Co Ltd

0.2

287.3 - -11.4

66.7

11

50

8

164* 10.5

- - -

1.0 73*

China Construction Bank 27* 43*

Everbright Securities Co Ltd 27* 39*

1,398.0

4 ▲

13

30* 100.0

13

37.4 ▲

9

39*

22*

27* 30*

9 ▲ 29.8

JP Morgan

-

9 ▲

21.1

0.5 124* 6.3

6

15* 34* 14 6

282.4

7

11 34* 17

7,608.6 2

-0.2 ▼

-46.4


CITIC

19

71,579.7

16

2018 Rank Value Advisor

5,550.3 3

2018

▲ 31.2 3

24

7

9

6Goldman Sachs & Co 28

Deals Exp. (%)


60* 100.0

2,420.727

8 9

7

Tianfeng Securities Co Ltd 15* 65* 14

11 41

-54.7 ▼

▼

7.8 12

-

21 55.3

14 14.0

Minsheng Securities Co Ltd

Deutsche Bank

▼

▲

▼ 10,303.0

10

-7

19*

Jan 1 - Dec 31

54.2

12*

19*22*

22*

Dongxing Securities 25* 30*

Lazard 27* 43* 9 3 ▲ 1,191.1

0

Lego Corporate Finance Ltd 27* 19* 9 -5 ▼ 389.3 64 -65.2 ▼ 0.8 97* 100.0

Zhongtian Guofu Sec Co Ltd

Credit Suisse 27* 34* 9 1 ▲ 920.1 24 -8.3 ▼ - - -

27* 28* 9 -1 ▼ 1,054.4 22 -40.2 ▼ 1.2 60* 100.0

RHB 27* 65* 9 5 ▲ 511.9 - 99.2 ▲ - - -

Veda Capital Ltd 27* 17* 9

15

-

11 -8

Rothschild & Co

KPMG

Ernst & Young LLP

34.5

15* 21*

6 ▲ 1,301.8 17 1.5 ▲ 1.0 73* 100.0

1.9 46* 79.2

China Great Wall Sec Co Ltd 12*

▼ 35.6 2 74.5

Deloitte 12* 51* 16 11 ▲ 423.8 - 619.5 ▲ 0.1 177* 100.0

4*

15*

14

1,121.4

Rank

1

1.2

▲

-24.7▲

Rank

2 85 0 -

5

-

3 4* 48

169

5.2

▲

-15.3

28.3

MM20 - Undisclosed Values & Values up to US$500m Jan 1 - Dec 31

1

100.0

30* 14 5

Change (%) Fees

▲

98.0

1 90.3-158

Citi

2018

10 10 19 -2

Rank Value

19* 65*

▼

China Merchants Securities Co 21 8

Chinese Mid-Market M&A up to US$500m by Rank Value Range

Sinolink Securities Co Ltd

-

10 -25.9 ▼ 20.1

54.2

2

▲

9 2 ▲


- -54.1

16

19

47.9

48

252.5

▲9 3

20*

21 2,569.5 6

6

2 ▲ 2,951.9 4 -11.8 ▼ 0.9 90* 15.8

8 ▲

- -

1,273.9 18 26.1 ▲

-19

490.3

2,605.8 5 -19.4 ▼ 3.7 24* 32.7

2,124.3

5.0

2 ▲

-59.6

12 50.1 ▲

▼

▼

▲

124*

31.1 ▲

7

2,207.4

4

-11 ▼

810.4 - 177* 100.0▲

14

▼ 1.7

2.8

10 ▲

1,207.1

3

12

11

0.7 103* 100.0

100.0

22.4 ▲ 55.0

5-49.1 ▼

9.3 9*

-

-3 ▼

-

867.5

-32.2 ▼ 0.5

▼

-

▼

10

- 717.8 - -30.4 ▼ 5.3 17* 100.0

68*

20 47.5 ▲ 7.3 13 54.5

572.4 -

838.7


-

411.5 59 -80.5 ▼GF Securities 27* 15* 9 -8

267,389.2 -2.4 ▼ 2,032.4

Chinese Mid-Market M&A up to US$500m by Target Industry

▲ 0.1

2017 # of

# of Deals

** Fee

27

18.3

▼ 1.1

12*

21*

1,468.7 13

1,319.0

66.1 ▲ 7.9▲

28*

Rank


-38.4 ▼ 87.5

Rank Value per Advisor (US$m) Imputed Fees (US$m) †

Change in

Financial Advisor

▼ 2,148.4 9

11 27.6

Guosen Securities Co Ltd

▲

1

Somerley

Gram Capital

China Securities Co Ltd



China Renaissance Partners

60 -81.0 ▼

113.9 - -75.4 ▼

295.4 - 312.0 ▲

41* 39* 7

43*

4 3 43

23

US$m Rank

UBS 37* 17* 8 -8 ▼

Platinum Securities Co Ltd 41* 43* 7 1 ▲

- - -

- - -

1,038.1 23 -50.6 ▼

829.6 29 7.7 ▲

41* 65* 7 3 ▲

Shenwan Hongyuan Securities Co 41* 34* 7 -1 ▼

Euto Capital Partners Ltd

162.6 - 252.7 ▲

749.8 - 42.1 ▲

0.2 164* 100.0

0.5 124* 100.0

0.1 177* 100.0

2.2 36 100.0

1.0 73* 100.0

0.6 112* 100.0

0.9 90* 100.0

Shengang Securities Co Ltd 41* 157* 7 6 ▲

1,341.9 15 -71.6

0 -

Ballas Capital Ltd 41* 108* 7 5 ▲

▼

44.8 - 29.9 ▲

400.5

CSC Financial Co Ltd 41* 21* 7 -5 ▼

Haitong Securities Co Ltd 41* 6 7 -25 ▼

BDO

-

500

1,000

1,500

2,000

2,500

$0

$10

$20

$30

$40

$50

$60

$70

$80

$90

$100

# o

f D

ea

ls

Ra

nk V

alu

e (

US

$b

)


16.2%

15.5%

13.8%

11.4%

11.0%

7.1%

6.8%

5.5%

4.3%

3.7%3.5%

Industrials

High Technology

Real Estate

Materials

Financials

Energy and Power

Healthcare


Consumer Staples


Retail

Telecommunications

20


Indian Involvement Mid-Market Rankings (MM21)



Mizuho Financial Group 26* 40* 2 1 ▲ 0 71* - - - - -

Deutsche Bank 26* 27* 2 0 - 0 71* - - 4.0 13* 100.0

Raymond James Financial Inc 26* - 2 2 ▲ 174.2 - - - - - -

DBS Group Holdings 26* - 2 2 ▲ 40.4 - - - - - -

Karvy Consultants Pvt. Ltd 26* - 2 2 ▲ 282.5 23* - - - - -

6* 2 ▲ 430.0 -

2 44.4 ▲ 5.5 10

3 ▲

▼

3

7 100.0

2193.0 ▲ 1.0

11

-

40*

3.2

▲

13*

Citi

Deloitte

KPMG

Ernst & Young LLP

Financial Advisor

0

6 ▲

11* 8*

491.5 13 -8.4 ▼

40*

11*

Rank

4

2 2

ICICI Bank Ltd

GCA Corp 23* 40* 3 2 ▲ 97.2 - 1269.0 ▲ 2.0 30* 100.0

# of

▼ 98.6 37

- -

3.8 17 100.0

2,158.3

Credit Suisse 19* 40* 4 3 ▲ 756.0 8 243.0

587.5 10 18.8 ▲1

- - -

2.8 24* 100.0

77.5▼ 515.5 12

▲

Jefferies LLC 19* 16* 4 0

19* 27* 4 2 ▲

10 1

0.3

Rothschild & Co

5

-

6*

31.4

CFI

Kotak Mahindra Bank Ltd

0

8 7 ▲ 83.5 12 100.0

7

# of Deals per Advisor Rank Value per Advisor (US$m) Imputed Fees (US$m) †

5

22

5*

12.0

6

Change (%)

71* 100.0

-

802.9

0.7 60* 7.6

11

1384.1 ▲ 6.5

306.5 19 -23.6 ▼

▲ 6.9

126.8 - 244.6

30*

▲

777.1 7

Jan 1 - Dec 31

6 -1

Deals

5

27 4 ▲

-40.5 ▼

- -

- - -

Fees Rank Exp. (%)

-35.7

4

▲

-8 ▼

▲821.0

52

297.6 ▲ 4.6-

▼

100.0


*tie


9* 8*

-4 ▼

7.1

5

5

8

891.5

14*

-

▼ 2.4 27* 100.0

12.8

- -14* 27*

100.0

14*

14*

19*

16* 5 1

0.9 54* 100.0

2.0

187.7 30*

73.3 - - -

14*

11* 8* 6 -1

Keynote Corporate Services Ltd 23* - 3 3 ▲

Standard Chartered PLC 23* 27* 3

-

3.7 18 100.0

-

- -

11*

6* 6* 8 -1 ▼ 298.8

2

22 39.8

6*

100.0

JM Financial Group

Barclays

Edelweiss Financial Svcs Ltd

Ambit Corporate Finance


Goldman Sachs & Co

Evercore Partners

2018 Rank Value

1

141.3 ▲

359.7

2018 ** Fee

209.0 28

3

7 3 ▲ 591.1 9 174.8 ▲


1,851 259 ▲ 36,995.1 52.6 ▲ 556.5Industry Total 67.5

Indian Mid-Market M&A up to US$500m by Target Industry

3 ▲

Jan 1 - Dec 31

38* 100.0

946.0

▲ 212.0 25 45.4 ▲

# of Deals US$m Rank

- 5 5 ▲ 566.9 11 -

5 6

Singhi Advisors Ltd

Avendus Capital Pvt Ltd

o3 Capital Advisors Pvt Ltd

Globalscope

Rank

1.3 ▲ 11.7

-6.3

1

-22.6 ▼

Advisor

-

3 14 -1

2018 2017

9* 16*

4.8

-

27.0

712.6 ▲ 9.8

Change in Rank Value

-

38.14 13*

1 1 41 9 ▲ 891.3 4 -23.2 ▼

Axis Bank Ltd 8 15

Indian Mid-Market M&A up to US$500m by Rank Value Range

0 71* - -

329.5 18 - -

▲

Bank of America Merrill Lynch 26* 27* 2 0 -

Baker Tilly International 26* 27* 2 0 -

IMAP 26* 27* 2 0 -

2 ▲ - - -

1.0 38* 100.0

Stifel/KBW 26* - 2

Allegro Capital Advisors Pte 26* - 2 2 ▲

Intensive Fiscal Services Pvt 26* - 2 2

12.5 - - -

4.2 - -96.6 ▼

282.5 23* - -

35.7 - - -

- - -

0.4 69* 100.0

8.4 3 100.0

2.8 24* 100.0

Grant Thornton 26* 40* 2 1 ▲ 387.5 16 172.5 ▲ - - -

Lazard 26* 16* 2 -2 ▼ 32.5 50* - - 2.6 26 72.2

Arpwood Capital 26* - 2 2 ▲ 186.0 - - - 2.0 30* 40.8

JP Morgan 26* 27* 2 0 - 0 71* - - 4.0 13* 10.8

Metta Capital Advisors LLP 26* 21* 2 -1 ▼ 13.6 56 -86.5 ▼ 0.3 71* 100.0

Lastaki Advisors Pvt Ltd 26* - 2 2 ▲ 0 - - - 1.0 38* 100.0

SunTrust Banks 26* - 2 2 ▲ 96.7 - - - - - -

-

100

200

300

400

500

600

$0

$2

$4

$6

$8

$10

$12

$14

# o

f D

ea

ls

Ra

nk V

alu

e (

US

$b

)


21.7%

10.6%

10.6%

10.1%

9.4%

9.1%

7.7%

6.4%

5.3%

4.4%3.0% Financials

Materials

Healthcare

Industrials

Energy and Power

High Technology


Retail

Real Estate


Consumer Staples

Telecommunications

21

Ranking Criteria Summary

-

-

-

-

-

Asia-PacificGold VelasquezTel: +632 459 1525E-mail: [email protected]

-

JapanKaori Motohashi (Ishida)　Tel: +813 6441 1338

- League tables, commentary, and charts citing announced activity are based on Rank Date and include intended, pending, partially complete, completed, pending regulatory, and unconditional transactions. Rank Date is

defined as the earliest public announcement of when a value can be applied to a transaction.


Americas

Deals with undisclosed dollar values are rank eligible but with no corresponding Rank Value. Non-US dollar denominated transactions are converted to the US dollar equivalent at the time of announcement of terms.

League tables include rank eligible mergers, acquisitions, repurchases, spin-offs, self-tenders, minority stake purchases and debt restructurings.

A tender/merger transaction is considered to be effective at the time of consummation of the merger or the date on which it is declared wholly unconditional.

While Thomson Reuters has used reasonable endeavors to ensure that the information provided in this document is accurate and up to date as at the time of issue, neither Thomson Reuters nor its third party content

providers shall be liable for any errors, inaccuracies or delays in the information, nor for any actions taken in reliance thereon, nor does it endorse any views or opinions of any third party content provider. Thomson

Reuters disclaims all warranties, express or implied, as to the accuracy or completeness of any of the content provided, or as to the fitness of the content for any purpose to the extent permitted by law. The content herein

is not appropriate for the purposes of making a decision to carry out a transaction or trade and does not provide any form of advice (investment, tax, legal) amounting to investment advice, nor make any recommendations

or solicitations regarding particular financial instruments, investments or products, including the buying or selling of securities. Thomson Reuters has not undertaken any liability or obligation relating to the purchase or

sale of securities for or by any person in connection with this document.

Robert Levine

Europe, Middle East & AfricaSelmen Soudani

Any Involvement league tables include deals where the target, acquiror, or either ultimate parent are domiciled (nation of headquarters) in the specified region or nation.

Announced league tables include all deals that were announced between January 1, 2018 and December 31, 2018 and of which Thomson Reuters was made aware. All current data and previous year's data is as of 6:00

pm EST on Janaury 8, 2019.

Financial and legal advisors receive full credit for each deal on which they provide financial or legal advisory services, unless they represent minority sellers or advise on only a portion of the transaction or Thomson

Reuters has not been made aware of their participation in that transaction. For pending transactions, advisors to targets of multiple bids receive credit for the transaction agreed to or, in the absence of an agreement, the

value of the highest offer.

E-mail: [email protected]



Tel: +48 58 7721725

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