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TitleThomson Reuters M&a Review (2015)
TagsMergers And Acquisitions Bank Of America Merrill Lynch Morgan Stanley Goldman Sachs
File Size1.5 MB
Total Pages24
Table of Contents
                            Q4 2015 M&A FA Cover
Table of Contents Financial
M&A Financial - 1 Global
M&A Financial - 2 Americas
M&A Financial - 3 EMEA
M&A Financial - 4 Asia
M&A Financial - 5 Japan
M&A Financial - 6 Fairness Opinion
M&A Financial - 7 Criteria Summary
Thomson Reuters Deals Back Page 2015
                        
Document Text Contents
Page 1

MERGERS & ACQUISITIONS REVIEW
REUTERS / Rickey Rogers

MERGERS & ACQUISITIONS REVIEW
FINANCIAL ADVISORS

Full Year 2015

Page 2

2

11

Fairness Opinion Rankings

Worldwide Announced Fairness Opinion

11

Table of Contents

1

20

Worldwide Announced (AD1)

20

10

18

Any Japanese Involvement Announced (AD19)

2

2

11

12

11

Any Spanish Involvement Announced (AD34)3

3

6

6

19

Worldwide Completed (AF1)

Top Ten Japanese Involvement Announced Deals

19

Any French Involvement Completed (AF40)

Any Japanese Involvement Completed (AF23)

Any European Involvement Completed (AF3) 10

12

12

Any French Involvement Announced (AD33)

Global M&A

Global Deals Intelligence

Scorecard: Worldwide Announced M&A

Scorecard: Worldwide Completed M&A

Top Fifteen Worldwide Announced Deals

Any German Involvement Announced (AD35)

Americas M&A Any Spanish Involvement Completed (AF41)

Any UK Involvement Announced (AD32)

Any UK Involvement Completed (AF39)

M&A Financial Advisory Review
Full Year 2015 | Mergers & Acquisitions | Financial Advisors

1

Japan Deals Intelligence

Any European Involvement Announced (AD21) 17

17

18

18

Any New Zealand Involvement Announced (AD39)

Any New Zealand Involvement Completed (AF46)

Japan M&A

Americas Deals Intelligence

15

Worldwide Announced Fairness Opinion

Any Americas Announced Fairness Opinion

Any USAnnounced Fairness Opinion

14

Any Nordic Involvement Completed (AF44)

16

16Any Australian Involvement Announced (AD24)

9

Top Ten European Involvement Announced Deals

Thomson Reuters Soultions for the Deal the Deal
Making Community

Any Asia (ex-Japan) Involvement Announced (AD25)

20

Any Asia Pacific Announced Fairness Opinion

8

13

13

Regional Contacts

Criteria Summary

Any EMEA Announced Fairness Opinion

14

20

21

21

22

21

20Any Japanese Announced Fairness Opinion
13

Asia Pacific (ex-Japan) M&A

Asia Pacific (ex-Japan) Deals Intelligence

Any Benelux Involvement Completed (AF47)

10

Any US Involvement Completed (AF48)

Top Ten Any Asia (ex-Japan) Involvement Announced Deals 15

7

8

9EMEA M&A

Any US Involvement Announced (AD41)

16

Any Canadian Involvement Completed (AF49)

Any Australian Involvement Completed (AF31)

10

9

Any Canadian Involvement Announced (AD42)

16

Any Asia (ex-Japan) Involvement Completed (AF32)

Any EMEA Involvement Completed (AF53)

15

Mergers & Acquisitions Criteria Summary

Any EMEA Involvement Announced (AD47)

European Deals Intelligence

Any Benelux Involvement Announced (AD40)

8

8

7

Any German Involvement Completed (AF42)

Any Italian Involvement Completed (AF43)

20

20

Top Ten US Announced Deals
20

13

12

Any Italian Involvement Announced (AD36)

Any Nordic Involvement Announced (AD37)

Any Americas Involvement Completed (AF55)

Any Americas Involvement Announced (AD49) 7

US Target Completed (AF2)

6

US Target Announced (AD2) 7

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Page 12

BNP Paribas SA

32 27,463.1 1.9

33,532.0
2.129,739.7

1 445 267 3

0.5

47,530.5
47,031.7

13
31

34,809.7
34,917.3

0.7

54,640.715

22

49,575.7 3.4

4.1
76,049.8
59,249.034

3.8
19

+5

0.0

0.1

-4
0.1

18 210
+2

0.1


+224

0.0

30


45

0.0

-5

0

0.1
0.1 -6

0.0

0.1

▲48
24

22




25

20Natixis

RBC Capital Markets

Mediobanca

0.9
2.2

23

38



35


42.7

127.3

94.1 0.2


0.8

0.5
0.3



39.6



1.1131.7

2.0

2.5

0.6

0.4

0.9

313.2

0.5
0.1



67.7

0.3

0.0
0.5

0.7


+16



▼ 71

5.1

10.3
-0.7

139,314.3 ▲13.9
Barclays

12 10.4

0.9 0.3

0.4

-34 Lazard

114,951.1


0.2

37.8

339,047.1
23.6
31.8

23.5

546,742.7

341,458.1


5
Bank of America Merrill Lynch 201,923.4



19.4-3
-24

▼ Deutsche Bank 7 194,780.0

20.7
20.1

-1.5
6 -9.5

-

7

3.6

3.1

3.3

3.3

▲ 0.0


1.1 ▼


83.6

287.4

0.2

52.6

110.0

235.2

0.8



0.9

0.6

-14






0.4



-12

51.7







86.6
+3



-14

0.6

-150.3

0.3

+29
0.2

-1

0.3
0.3






▲ 0.1

0.2


0.1-8 ▼

0.1
-2

11 654 8


-9

0.1 0.1

0.3

0.7
100 0

0.1 0.3
-5

+116

89.4

1.124,295.5 2.4

1 005 646 0
2.1

37

1.0 ▲2.4
0.7
1.1



43



44


0.3

+7
0.112

45

29

Industry Total
21

38




56
34

+11
23,982.0

25
21,451.2
21,792.0 ▲


0.3

14 999

5.2


112

3

6.7




Citi

100 0



6.2

-8

0.1

7

384.7

0.110

49

0.5



+9




195.4

2.7
0.4

▼0.3





1.2








0.1


0.6

0.2

0.3

Change in

-16

Fees

1.7

8.3



0.8
0.6

Sh (%) # of Deals

Any EMEA Involvement Completed (AF53)

Share Ch.
Market

Imputed Fees (US$m)

Full Year 2015 | Mergers & Acquisitions | Financial Advisors

# of Deals per Advisor
# of

EMEA Rankings

Sh (%)
# of2014

Rank

Rank Value per Advisor (US$m)
Change in Market

DealsShare Ch.
Rank Value AdvisorMarketMarket

▼354,510.1 ▼ 1.0-0.9 154 -2

2015
Rank

23.8
-5.1

214,720.3

Sh (%)US$m

0.3 21.4

5.8675.2
-7.8



418.8

+1
721.8144

138

0.7

2


Sh (%)Deals



9
8▲ 4

3
963.0

1.0
0.9▼155 -140.4

+10.4


170 Goldman Sachs & Co


262,905.5 26.1



0.4

1
JP Morgan

35.3

239,196.82
+8

Morgan Stanley

207,900.1

605.4

-23

+6
6.9 ▲

365.3


-20
0 384.0

+40



-

0.7
103

0.9
0.7

104▼

68,919.9

94

140

0.6



13
47

4 ▼

76
247

0.5
11

103,181.2
104,942.6

5

6

1.6▲

9.0
UBS

90,195.4-2.6

-21
90

- BNP Paribas SA


-11.7
27-18

12


8.3

138
149

10

78,253.9

11.5
77
84166,048.5

57
119,448.3



-12.8

7.3
+12

Rothschild


Credit Suisse

11.4

+38 17.6176,902.2

12.3

5.4


-5.6

+7




0.3

0.1

295

▲ 49




0.3

0.2▼

5.3 3.1

2024
Mediobanca 25
Nomura

Industry Total

21

Jefferies LLC 23 27

Zaoui & Co
20

48

3.3Guggenheim Securities LLC
16

Moelis & Co 22

▼-1.4

100 0

2.9
-2.8

1.9
-5.6
-0.6

29
2.4

2.3
2.4

0.1 +8






6
+16




0.1

-3

Evercore Partners
▲ ▼

62 +17


Nomura-7

-9
11

1.6
-3.2

Macquarie Group






53
25

10


Centerview Partners LLC 19

6.363,307.2

16
26

5.0

17

0.2
0.4

Credit Agricole CIB

0.0

3.3

24,364.4 2.4

46,067.7
18
51

4.6

21

▲ 16

▼-0.9

Jefferies LLC


3.6
37,542.1 3.7

2.9 ▲35,913.6
36

Perella Weinberg Partners LP 19

17
18

0.3

14

5.453,843.4
50,062.3

15
Zaoui & Co

17

6.9

Societe Generale




6.0
▲2.4


2.7

14.8

4

10

459,873.5
5

333,957.1
17.1

5

6

4

2

8

Barclays 6
Lazard

JP Morgan
Morgan Stanley

Deutsche Bank
Bank of America Merrill Lynch

7

202,451.4
206,664.6




14.3 112

-14
314.0

-7
11

-10

97

2.6

-1.3
HSBC Holdings PLC

0.7

2.5
139

0.2

19

17

12

9

10

Perella Weinberg Partners LP

HSBC Holdings PLC

12

14

Citi

16Greenhill & Co, LLC

UBS 13

15

7
Rothschild

9
11

Robey Warshaw LLP

18
Societe Generale

Credit Suisse

213,463.6

33

8

29

Centerview Partners LLC

Evercore Partners

5.0

149
10.3

8.2
161

129
112

12.5




246,859.6

Rank Value Market

583,918.1 8.5



Market
Share Ch.



23.1

2015
Rank

1

2014
Rank US$m

# of Deals per Advisor

Jan 1 – Dec 31

Market

37.9
1Goldman Sachs & Co

547,755.8 11.92
40.4

Financial Advisor# of DealsSh (%)

Any EMEA Involvement Announced (AD47)

Market

7.1

-0.8

Financial Advisor

Jan 1 – Dec 31

Rank Value per Advisor (US$m)



1



BNP Paribas SA Barclays

11▼

7-5.9

18

Deutsche Bank
6

13

Lazard

Citi

Barclays 7

9

12Credit Suisse

42.4

1,445,267.3

2.8235,450.69

15.9%

563,258.4

8

17

166,048.5
202,451.4

12
77,672.6

208,956.3

-1.6

53▼

-4.915.7

-2.2

3.4%

3

119,207.3

44

0.344
15

2.1

14 5.8

47,031.7

4.1
22
15

3.7
16

75,310.3

49,575.7
18

21

2.0 ▲

20
60

31

-3.3
34,630.1

19





-0.5

26,906.4

54,640.7 -2.8

26,498.8

45,610.3

15.6
15.2
12.5 -0.9

3.3206,664.6

52.6-8

5.7 3.4

9.0




0.6

3.4
+1

2.7%

11,125.2 100.0

0.8

0.0
-5

+291

20

0.8
100.0 +143

32

3.5

2.6

48

16 34,917.3

2.1

▼ 6
13

0.7

0.9

+4

53,843.4




-15

0.3





1.0
0.2





▲0.10.5
1.2




0.2



0.5 ▲

0.1 ▲



83.6



85.8 ▲

0.3
▼0.4



Change in



Sh (%)
Market

18,210 +224

Deals

+8

1.2%

# of



Jan 1 – Dec 31

# of Deals per Advisor

0.7

109





90
157

+10

27
-3

0.5

-10

1.7

-4




0

Societe Generale▼







1

4

13

Mediobanca

17

Centerview Partners LLC
Natixis

UBS

10

6

Goldman Sachs & Co

15
Zaoui & Co

Citi

16

Industry % Change from Same Period Last Year

12

3
3▼

# of Deals Financial Advisor

2
-2 ▼

Rank Value per Advisor (US$m)
2015
Rank

2014
Rank

1
-19
-12

0.0

-7

143

-15

0.8

-33





-0.1%

6
Credit Agricole CIB

Perella Weinberg Partners LP

JP Morgan
Morgan Stanley

17.4%

227.0

0.1
132.2

.2

3.7%
4.0%

+6

-21

-19

0.3
0.3

+8

0.3 +29
-1

+11

-13

0.3

Market





-1










-14


-4






-1
0.2

1.1 ▲
▲0.5

12

▲ 8

43

44




92

37

1.3

14.6

1.0

5.7

-11.6

-13.7

9.1

2.5

2.5
2.6

3.0

205,363.8

10.8

21.5



8511.3

8.0



43

-7.4
21.7

6.7

139
137
105



Deals
# of


243

97









45







18.5

Market





-0.3



19.3
20.3

7.3
238,425.5

-1.0
27.0
25.0

-5.4

-9.9
-2.3

Sh (%)
1.0147
0.9

Market
Share Ch.

133
1.0

0.5

0.0

1.0

0.6
0.574

69

1.7

0.7

0.1

0.6

0.7
0.7

-1

0.337

52
28

-9

0.1

7

99


▲ 0.2

0.1

32



14,210

1.0%

0.4

21


-17.7%Industry % Change from Last Quarter▼

0.1





-21

7.0%

-8
+3



+39



-4



Jan 1 – Dec 31




11,654.8

Share Ch.

0.1

0.3

Market


3.2

0.8
6.4 ▲
3.7

▲0.6

1.3

2.7

5.4
3.2 1.1

0.6

0.7

8.3

0.4


0.5

-


0.0


▼0.2

0.3106.5



1.7 0.2

0.6
0.1


0.32.0

39.6 0.20.4





0.5

599.0

298.4

94.1

0.4



Market
Imputed Fees (US$m)

100.0+116



1,005,646.0Industry Total

# of Deals per Advisor



67.7

Any European Involvement Completed (AF3)

-16.9%


2

-3.9%

-7

-12
0.3

+10
+2

+9

▲ 290

0.3
45

75

0.8

0.3

0.0

▲ 52

▼10

111
130▼

83
13.4


29 3

Nomura

1,329,096.0

38.3%

* tie

Industry % Change from Last Quarter ▲

Sumitomo Mitsui Finl Grp Inc

Industry Total 17,053

24
23

1.914





-0.9

0.7

3.918

2.321,451.2

29

35,913.6

2.3

19

100.0953,926.8

3.8

14,999

Sh (%)

43,234.5

2.5

40

0.8%

193,893.6

207,055.1



36.7349,726.8

Rank Value

257,055.0

US$m

14.5%

37,542.1

23,882.0

Industry % Change from Last Quarter

100.0

6

Industry % Change from Same Period Last Year

Mediobanca

17

15

7

11
1110

Rothschild 8

22 27,463.1
21
22

Jefferies LLC

51

24
25

-5.1%

RBC Capital Markets
28 21,792.0

23,720.8

24,364.4


Industry % Change from Same Period Last Year

Industry Total

Centerview Partners LLC

0.3
2.6

Evercore Partners
360.2 ▼
35▲0.8

Robey Warshaw LLP

Moelis & Co

Perella Weinberg Partners LP

HSBC Holdings PLC
Evercore Partners
Societe Generale

UBS

Zaoui & Co

Guggenheim Securities LLC

2

Rank Value per Advisor (US$m)


Share Ch.

Goldman Sachs & Co 1

Industry % Change from Same Period Last Year

Financial Advisor
2015
Rank

Industry Total

Rank Value



1

13.9%
Industry % Change from Last Quarter

Market

8.9

2014
Rank

2

100.0



501,298.5

Market
US$m

535,902.5 ▲

Sh (%)

Morgan Stanley

4 11.6
11.3
13.2

37.7
Bank of America Merrill Lynch 5
JP Morgan

451,843.6
3


5 4



293,907.4 22.1

337,915.9

▲2.3

6.6 ▲
6.2333,112.1



0.6
0.9

34.0 0.7 Lazard▲
5 8▼



9

Bank of America Merrill Lynch 4
184,194.9

▲ 14

7
176,627.28

Deutsche Bank

9



139,314.3
13▲

Credit Suisse

7

0.1
▲ Nomura

Rothschild

-3

BNP Paribas SA

0.4
-9

-3

HSBC Holdings PLC

11
108,055.9

40.3

25.4

Any European Involvement Announced (AD21)

-





0.3

▲7.1

2.5
6.2

5.3

19
68,919.9

17

18

102,940.1
86,648.0

-0.7
5.6

4.5

14

50,062.3

62,316.4
47 7.2

15

6.5

147

+8123

0.9

-14.3%

+40
-20

162

0.5

0.9

17.7

25.1

51.7

191.1

42.7





5.7

Advisor
Sh (%)# of Deals

921.4-7

Change in

411.6

Fees

1.0

632.1

360.5

705.9▲

3.3362.1


2.4

350.6

20
186 2.0 ▲

25


2.0 0.1
2.0

0.0

75.2

266.7

113.4



▲ Macquarie Group








25 24,547.9

1.9%

-5.2Credit Agricole CIB

▼ 230.3



27

104,822.612
5

6
11.0

+5

-15

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BNP Paribas SA Credit Suisse

Robey Warshaw LLP

0.1 +8 ▲21.9 0.61.7 ▲ 25119 5,525.1 1.8
0.0

8,881.9

16

6.8
7.0

8,877.9
1.5




1.5

-0.3

3.5

151,523.5

2.9

4.8

12.8
10.7 ▲

-14.9

3.9 ▲
-1.1

4.1
1.3

-3.6

-2.3

2.431

235*
Ernst & Young LLP

Altium Capital Limited 25

0.3
2.2

1

0.1▲

▲1.8

▲ 89

0.0

0.1
2

22

▲ +15


0

0.0

4.0



+3

▼ 0.0

-1018
+14

0.1
38

2.4 ▲

5.8
21
15▲

▲6.2

5.6

0
6.5

0.6
0.1

Macquarie Group

13
33
391.0 -

21
2512 -40.68.2

26 -+7

▲7.68.3

40
20,340.7-2

Zaoui & Co
25,802.7

5 Nomura

+90.730 ▲

22
3


▲7.4

14▼


9.9
11 41

31,181.2▲
77,383.8 30 HSBC Holdings PLC-1 ▼

▲ 6+22

0.7

3.0
+40.624▲

29.9
12225.1

35▲

20.4 15.5

Morgan Stanley


50

0.8

3
+1

-0


▲+4

-7



0.1
1.354

47.2
41.9

20.8


0.833

1.5


6315.4

186,620.5

12.7
10.9

56.0338,271.5

9
180,686.7

30.9

285,258.6
6

5 8
33.5202,451.4

241,988.9 40.0

3

UBS 11

Lazard
Robey Warshaw LLP

10

Morgan Stanley

Rothschild

7
6

Deutsche Bank

307,868.11
3

8

2

Bank of America Merrill Lynch 4

Barclays 4

9

13

57



50.9

27.9

21.0
18.9



1.4

10

6.0
7

Market

16



24
2

38

87

5.3

22.3

2.1

1.2

▲1.5


6.2

-1.1 ▼

1.5

2.8
2.5

8,348.1
100 0

8,928.1
2.517

1.4
604 416 8

-

37,357.4

Qatalyst Partners

Greenhill & Co, LLC

Moelis & Co 16

26

5
40

15,358.9

15
28,725.4

17,751.4

18

22
15

20
Nomura

Macquarie Group

Evercore Partners

Jefferies LLC

14
13
14

42,509.6
12

Perella Weinberg Partners LP 41,282.6
Citi

64,366.0

11
24

Credit Suisse
HSBC Holdings PLC

RBC Capital Markets 23
108LionTree Advisors LLC

Industry Total

24
Ernst & Young LLP

3

4 129


4.7

29

64

-2.1

0.0

17

16,856.8

21

21
18

19

23
19

28,530.4

253,345.3

123,151.3

Fees
2014
Rank Share Ch.Sh (%)

Imputed Fees (US$m)
Market

10

9
10

22

34

9

3

15

5

4

6

18

UBS

13

28

VTB Capital

7
Deutsche Bank
Barclays

20

24

8

19Centerview Partners LLC
Evercore Partners

PricewaterhouseCoopers
BNP Paribas SA

23

Bank of America Merrill Lynch

2.8
14

21
9,366.2

32
30

6,840.1

11,871.5 3.8

17

7,615.6

1.8

Jefferies LLC

Industry Total

16

3 976 0

10.3
-0

+7

-14

88




81.3

2.6

12.5

137.7

132.8
6.5

1.8
0.7

0.3

62.3


106.4

73.3










71.0


2

135.8

Change in Advisor

385.1
-8

+2 1.3
7.0

256.7 0.4

Jan 1 – Dec 31

Share Ch.
9.7

▲1.8
▲3.3

0.8

0.7
3.5

▼4.9

0.0 ▼
0.9

0.4

2.9 ▼





15.2
0.2

2.0
0.9

1.8

0.3

-

0.2

1.6 ▲

▲0.2
0.2 ▲

0.3

0.4



▲ 1.5



0.9
59.0
68.7 1.7



-



38.2


0.0

20.5

14.1

-

6.1



0.1

0.0
▲+9

+11

+5

+2 ▲

0.9


0.7 ▲

0.6


-13

+13 ▲


-7 ▼



+2

13

Deals

+11

0.6

1.6

0.4




16





Market





# of

5

Any UK Involvement Completed (AF39)


11.4

# of

100 0



+1





70.7

+8

-5

61.9

1.1
0.3

194.5

279.4

44.3

3.4

Full Year 2015 | Mergers & Acquisitions | Financial Advisors

+5




+6


-46

0.3 +32


0

0.1

# of Deals per Advisor

▲+22

+9

-17
+3

+6
0.1

+120.1

32 0.1
+60.143
-4

27

21.5

0.1

-0.3

103

-31.1

25▼




5.4

4.5

10.3

23,101.6

-1.1

-

12.4

-0.4
-28.1



0.145



0.1

0.1



0.1

0.0

17.9

-15.7
-16.7

20.5

3.0

2015
RankFinancial Advisor

EMEA Rankings

Market MarketMarket

108,708.3
Sh (%)

▼ 0.2
DealsShare Ch.Sh (%)# of DealsUS$m

Rank Value
# of Deals per Advisor

Change in
US$mFinancial Advisor

0.2 ▲
39

# of Deals


59
74

0.1 +9


14.3

1.2

7.4

5.3

7.9

19,351.5
18,142.3

8,650.4

4.0

-29.6

0.2▼ 62

3 449 100 0



0.4
0.3



0.2

0.4
0.5

0.2

-
0.0

1.8

0.0

1.0

1.6

Jan 1 – Dec 31

Market





0.5







12

Rank Value per Advisor (US$m)

▼-21

2.6

56,129.4

20.363,818.4
17.9

32.8

26
0

0.3

0.4

2015
Rank

41

+1

Rank Value2014
Rank



25

15,034.9

1.4 ▲


Sh (%)

Any UK Involvement Announced (AD32)

JP Morgan
1Goldman Sachs & Co

44,969.8

29RBC Capital Markets

84,459.6

34.6

56,267.7

32,192.9

26,059.0

5,704.9

12,428.2

26.9
2
3

Rothschild
Citi

Goldman Sachs & Co

64,269.9

2

11

102,980.8

4

1

Market
Sh (%)

Rank Value per Advisor (US$m)

16

1
JP Morgan

Lazard

17,673.2

314 026 2

-1.4

* tie

Credit Suisse UBS

Goodbody Stockbrokers

Market



18.6%

0.2
+491

6

5.0



179,798.9

4.1

4.3

2

+1
5

3,132



15.0

5.8

25.6

35,913.6

28.7
26.0

42,956.8
23.2

36,616.4
36,823.5

-7.1%

Share Ch.

2
-7.2 50

2420.9


7 46.3

Industry % Change from Last Quarter
-17.9%

Rank Value per Advisor (US$m)

Any French Involvement Completed (AF40)

2014
Rank Sh (%)

10,839.7

1

21*

0.1

0.1
1.2

Goldman Sachs & Co

Goodbody Stockbrokers 21*

2.2
43
71

3,625.1

82*
33

14
8

13
12

1117

0.4
11▼

16

Davy
20
19
18

Barclays

6

15

Citi

Societe Generale
8

14

Deutsche Bank

Credit Agricole CIB
19


JP Morgan

-8

Morgan Stanley

Centerview Partners LLC

Bank of America Merrill Lynch

Itau Unibanco

14



100.0604,416.8

2014
Rank

Industry % Change from Last Quarter

2

Industry Total

Financial Advisor

-28.8%

0.4
+2

Morgan Stanley
BNP Paribas SA

38.6

-1.0%

Rank Value per Advisor (US$m)

3

Share Ch.

54,094.4

Rank Value

Any French Involvement Announced (AD33)


1



Bank of America Merrill Lynch

Market

3
23


▲ 18

22



22

15

3 118



-17.9%

9

17.7
Deals

Industry % Change from Same Period Last Year 58.9%

5.9

4,251.8

7,369.6
4.1-




Industry % Change from Last Quarter


Zaoui & Co



-


+3 ▲

-2

Market

42

59

0.0

# of

4,129

-13.3
-9.9


-16.7 ▼

Industry % Change from Same Period Last Year

Industry Total

43.1

-41.5%

84,281.1
Sh (%)

46.9



83,244.2

Market

45.9

US$m

-15.4

14.8

7.0

13

-3.7 17


2


16



625

23 2.7

1.5

.3 0.0



▲0.20.2
-

0.5
0.4

0.4


0.4

0.5


0.0
0.1

0.2
0.4








1.3

0.8


3.5



1.3

1.5


▲0.6

3.7 ▼
0.5

▲0.12.5






1.8
2.3

0.8
1.8



3,976.0

Change in

-88

1.6
0.8

-12

1.0
150.8 7.3
127.3





+22

27
3.197
0.9

+1

7.9
13.6


23.1 ▲

+13

+3

▲ 0.9
-6

+1

28

-15▼
11
40


37▲

0.5
0.1

-3.7

6.7
0.5

-2.2 ▼

16

17


7.012,510.6

4.1

20.017

6.912,415.9
6.0

7,369.6

24

Industry % Change from Same Period Last Year

▼-2
-11

Santander



0

▲+4

-1

1.2

+31

# of Deals

1.7 ▼

3.5
0.6

Market
Sh (%)

0.4

0.6




0.5





-15

15






17

1

12▼
48

2
42

1

11.0

2.1



4.5



8

5




35






24,036.415

17,902.5

9
25,195.1



1.3

6

21

47,952.58

Credit Agricole CIB
Sumitomo Mitsui Finl Grp Inc

12

37,778.0

17

10

Barclays

8

10
Deutsche Bank

HSBC Holdings PLC 15

Industry % Change from Same Period Last Year

Societe Generale

JP Morgan

11

18

Zaoui & Co

164,071.3



Industry Total

23

25

Duff & Phelps

Callisto
DC Advisory

2.4Canaccord Genuity

16Natixis

4.5

76

24

22
47
39

19*

UBS

7,369.6
3,943.3

-
-19*Davy

46

11
Sycomore Corporate Finance SAS

16,852.0

-20.07

21

216
14
-

17
4.9

22
-

0.6

Lazard

13

10.3 -37.0

14
21,211.0
18,065.2

4

0.7 +5
-8


7

-3 HSBC Holdings PLC
0.4 ▼

28.7

Rothschild

65,901.8 36.7

9 3

5

51,633.212

Lazard

-2
Financial Advisor

# of Deals per Advisor

10.1Credit Suisse

4▲
76,588.32

Deals Fees

100.0

12.0%

Advisor
Imputed Fees (US$m)

Market

-15.8%

-13.5

2.7


BNP Paribas SA

5

2015
Rank

6
28.8

32.0

29.2

1

50,065.5Rothschild

47

48,735.4
4

15.4
28,569.4

Citi

33.0
52,439.5

30.5

12

5 29.7

Goldman Sachs & Co

10.9

1.3
7,369.6

47,247.4
23.0
17.4

-2.8

0.8

-22.4
-8.5

14.7
22,167.1

1.8

3,583.2

-14.3

11.0

7.5
7,959.4

-9.1

4.5



1.73,305.8 2.0
2.2

13.5

2.0

1.4

12.9

12,290.1

5 0.1


44
+1

-1.4

-17.2

1.0

+26

4.5

0.1

2.4
Canaccord Genuity



▼ ▲
+15

2.0

28
Callisto

3



3,413


100.0

-7.9%



16.9%

* tie


3,219.6

Industry Total

2.0
2,932.3



▼ ▼Industry % Change from Last Quarter -4.4%


-4

Sycomore Corporate Finance SAS

-1

19.3%

24

-50.2%



100.0

130.7%

Rank Value # of

▼-1.5%

3,449



Jan 1 – Dec 31

Market



0.4
1.3

1.2

40 1.3

0.4

21.2


5

16
20.5

22.2


-7.9
20.4

Natixis
0 9

0.1
+10.0

-

0.0
0.2

1.4
0.5

0

+1
+3

+494



100.0

-25.7%

9.6
▲0.0 0.3

0.1

10,701.7
4.1
6.0

-



4,900.8

0.0

0.9


39.1
+1

+1 ▲

1.0

0.2

-









16.7

.0▲

7.8

5.1
3.5





2.173.0▲


2.1

0.3

10.0
44.2

0.3

2.6
1.5

2,060.8

1.9

0.0



1.2
51.3

75.6


44.3
39.4

2.2
1.9

24.2





31.0





119.6

103.3
54.2




+4


5.8
224.7

0.4

2.4


-3

Sh (%)

5.4

6.2

100.0





# of Deals per Advisor

-5 110.7
5.0


2.4

10.9




Share Ch.# of Deals
1 13

2015
Rank

115.2%

US$m

Jan 1 – Dec 31

-41

63,278.6 ▼
Sh (%)

Change in

-3
+2

7.8%▲



+5
+29



-0

0.2


-2

1.4

5
0.2

1
1
1
5

0.0

23.9

+2

0.0

0.7
-2

+1

21

44
0.5

+1





0.5

3 10

51,561.1

39,919.0

82,506.6

42.6



10 13

38,088.1

77,447.7

41,748.0

46,698.6

314,026.2

Market

-2

Visit http://dmi.thomsonreuters.com to view archives and order custom League Tables https://www.thomsonone.com
11

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-

-

-

-

- 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.

EMEA

Tel: +44 (0) 20 7542 7381

E-mail: [email protected]

Japan

Christina Mavraki
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.

Full Year 2015 | Mergers & Acquisitions | Financial Advisors

Ranking Criteria Summary

If you would like to participate in the submission
process, receive quarterly press releases, or have
questions about league table criteria please
contact:

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.E-mail: [email protected]

Americas
Robert Levine
Tel: +1 646 223 5682

Announced league tables include all deals that were announced between January 1, 2014 and December 31, 2015 and of which Thomson Reuters was made aware. All current data
and previous year's data is as of 5:00pm EST on December 31, 2015.

Tel: +852 3761 1852

E-mail: [email protected]

Asia-Pacific
Kelvin Bian

Kaori Motohashi

-

-

-

-

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.

League table volumes for Mitsubishi UFJ Financial Group and Morgan Stanley, included herein reflect the changes after the commencement of their jointly established securities firms
in Japan: (1) Mitsubishi UFJ Morgan Stanley Securities and (2) Morgan Stanley MUFG Securities. Accreditation for transactions involving the newly established joint ventures are
reflected in totals for Morgan Stanley. For Japanese related rankings, Morgan Stanley is represented as "Mitsubishi UFJ Morgan Stanley”.

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. Any
involvement league tables also include the nation of the seller and seller ultimate parent on privately negotiated stake purchases

Imputed fees are calculated using Freeman & Co. proprietary algorithm where spreads or fees are not disclosed. Deal fees are on a gross basis before all expenses. Each underwriter
or advisor is allocated its share of deal fees using Freeman & Co. allocation methodology, based on the number of underwriters or advisors on the deal and their role. No fees are
allocated to syndicated members.

Tel: +813 6441 1338
Kaori Motohashi

E-mail: [email protected]

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
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