Ranking M&A Thomson Reuters. Primer semestre de 2015

MERGERS & ACQUISITIONS REVIEW
REUTERS / Lucas Jackson
FINANCIAL ADVISORS
First Half 2015

Any New Zealand Involvement Announced (AD39)
Any New Zealand Involvement Completed (AF46)
Japan M&A
Americas Deals Intelligence
M&A Financial Advisory Review
First Half 2015 | Mergers & Acquisitions | Financial Advisors
1
Japan Deals Intelligence
Any European Involvement Announced (AD21) 17
17
18
18
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)
Any European Involvement Completed (AF3) 10
12
12
Any French Involvement Announced (AD33)
Worldwide Completed (AF1)
Top Ten Japanese Involvement Announced Deals
19
Any French Involvement Completed (AF40)
Any Japanese Involvement Completed (AF23)
19
Any Spanish Involvement Announced (AD34)3
3
6
6
11
12
11
Worldwide Announced (AD1)
20
10
18
Any Japanese Involvement Announced (AD19)
2
2
Table of Contents
1
20
2
11
Fairness Opinion Rankings
Worldwide Announced Fairness Opinion
11
Any Americas Involvement Announced (AD49) 7
US Target Completed (AF2)
6
US Target Announced (AD2) 7
Any Americas Involvement Completed (AF55)
13
12
Any Italian Involvement Announced (AD36)
Any Nordic Involvement Announced (AD37)
Any Italian Involvement Completed (AF43)
20
20
Top Ten US Announced Deals
20
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)
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)
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)
Any Japanese Announced Fairness Opinion
13
Asia Pacific (ex-Japan) M&A
Asia Pacific (ex-Japan) Deals Intelligence
20
21
21
22
21
20
13
13
Regional Contacts
Criteria Summary
Any EMEA Announced Fairness Opinion
14
Any Asia Pacific Announced Fairness Opinion
8
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
15
Worldwide Announced Fairness Opinion
Any Americas Announced Fairness Opinion
Any USAnnounced Fairness Opinion
14
Any Nordic Involvement Completed (AF44)
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WORLDWIDE M&A UP 40%, STRONGEST FIRST HALF FOR DEAL MAKING SINCE 2007 - Powered by a 48%
increase in the number of deals over $5 billion, which account for record-breaking 50% of announced M&A value,
worldwide M&A totaled US$2.2 trillion during the first half of 2015, a 40% increase from comparable 2014 levels
and the strongest opening half for worldwide deal making since 2007. Sixty-two deals with a value greater than $5
billion were announced during the first half of 2015, their combined value more than double the level seen during
the first half of 2014.
NUMBER OF DEALS RISE 3% - Almost 20,500 worldwide deals were announced during the first half of 2015, a 3%
increase compared to last year. Second quarter 2015 M&A totaled US$1.4 trillion, a 63% increase by value and
8% by number of deals compared to the first quarter of 2015, marking the first trillion-dollar plus quarter since the
second quarter of 2007.
UNITED STATES & ASIA PACIFIC M&A HIT ALL-TIME RECORDS - M&A activity for United States targets totaled
US$1.0 trillion during the first half of 2015, an increase of 60% compared to the level of activity seen during the first
half of 2014 and the strongest opening half for US M&A since records began in 1980. With US$575.7 billion in
announced deals during the first half of 2015, Asia Pacific M&A also registered the strongest first six month period
for deal making in the region since records began.
ENERGY & POWER, HEALTHCARE, & TECH LEAD ACTIVITY - Driven by oil & gas M&A, deal making in the
Energy & Power sector totaled US$361.9 billion during the first half of 2015, an increase of 72% compared to 2014
Worldwide M&A Up 40% l Strong Gains for Large Cap Deals, Energy and Healthcare M&A Drive Strongest First Half Since 2007 l Goldman Sachs Top Advisor
Global Deals Intelligence Worldwide Completed M&A by Region - Imputed Fees
First Half 2015
FINANCIAL ADVISORS
$2
$3
$4
$5
ImputedFees(US$b)
Americas
EMEA
Asia Pacific
Japan
e gy & o e secto tota ed US$36 9 b o du g t e st a o 0 5, a c ease o % co pa ed to 0
levels, while Healthcare and Technology M&A increased 58% and 81%, respectively. With US$174.5 billion in
announced deals during the first half of 2015, the Financial sector saw the only year-over-year percentage decline,
down 5% compared to the first six months of 2014.
CROSS BORDER M&A UP 20% – Cross Border M&A activity totaled US$760.3 billion during the first half of 2015,
accounting for 34% of overall M&A volume and a 20% increase over first half 2014 levels. Cross border M&A
accounted for 34% of total M&A activity during the first half of 2014.
COMPLETED M&A ADVISORY FEES UP 6% - According to estimates from Thomson Reuters/Freeman
Consulting, M&A advisory fees from completed transactions totaled US$13.9 billion during the first half of 2015, a
8.6% increase from the comparable period in 2014.
Worldwide Cross Border Volume Worldwide Announced Buyside Financial Sponsor Activity
$153.4
$203.3
$78.4
$23.0 $32.1
$65.9 $64.8
$115.5
$157.7 $176.9
$176.4
$319.4
$83.6
$24.7
$60.5
$87.7 $76.9
$80.3
$119.9
$236.1
$160.6
$164.0
$56.2
$36.3
$79.0
$70.7 $93.2
$82.9
$138.2
$280.7
$119.7
$35.7
$52.4
$101.5
$106.4 $94.4
$113.0
$120.2
21.3%
19.5%
8.8%
6.8%
11.2%
13.2% 12.9%
16.7%
16.0% 18.4%
0%
5%
10%
15%
20%
25%
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
%ofGlobalM&A
RankValue(US$b)
Q4 Volume (US$b)
Q3 Volume (US$b)
Q2 Volume (US$b)
Q1 Volume (US$b)
% of YTD Global M&A
$0
$1
2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15
$280.8
$405.5
$258.3
$113.4 $175.6 $234.8 $172.0 $132.8
$242.1 $286.0
$273.5
$640.8
$363.5
$111.4
$203.7
$247.4
$272.1
$166.4
$391.3
$474.3
$253.9
$371.3
$326.1
$148.1
$271.8
$204.6
$203.3
$177.8
$318.4
$404.8
$430.9
$154.2
$166.9
$261.3 $196.5 $251.5
$236.1
$307.0
33.6%
44.8%
38.3%
27.1%
37.5%
35.2% 35.3%
30.3%
37.5%
33.9%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
$1,800
$2,000
%ofGlobalM&A
RankValue(US$b)
Q4 Volume (US$b)
Q3 Volume (US$b)
Q2 Volume (US$b)
Q1 Volume (US$b)
% of YTD Global M&A
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2006 2007 2008 2009 2010 2011 2012 2013 2014 20152006 2007 2008 2009 2010 2011 2012 2013 2014 2015
1

Western Europe
Mergers & Acquisitions
Jan 1 - June 30 Scorecard: Worldwide Completed M&A Jan 1 - June 30
1/1/2015 - 6/30/2015
21,265.9
575 697 3
Worldwide
6,259
No.
Deals
No.
Deals
Rank Val
US$m
1,117,789.9
1/1/2015 - 6/30/2015 1/1/2014 - 6/30/2014
84
10,588.5
5,505.074
106
1,102,713.4
6,027.2
733,836.2
Target Region/Nation
Mexico
440,493.7
186,634.9
37
14,067.7
2,169.2
630,397.4
50,898.5
673,432.4
Rank Val
US$m
43,034.9
United States
Caribbean
9,694.1
Brazil
Worldwide 20,4752,240,221.8
1,222
Switzerland
North America
484,725.1
France
Chile 1,995.7
Asia Pacific
United Kingdom
728
Middle East
7,751.9Sub-Saharan Africa
Canada
Western Europe
25,087.7
509,812.8
23,806.5
429
244
68,337.9
146
1,215
12,609.8
Americas
16,918.0
5 639
95
5,687
Central America
South America
48,343.8
1,465
1,008,957.9
48
1,057,301.7
17,905.2
4,959
193.3
335 429 2 4 880
18,751.5
71 6
28,489.8
223
Europe
70
Africa/Middle East
4,750.9
306
624
463,853.0
North Africa
Middle East
9.96,798
296
10,102.8
1,063.2
8,549.5 -9.3
183
Eastern Europe
1,070
6,838
84,397.2
120,964.5
55,004.4
5,3315,333
23,359.3
▲
▲
228
10.0
-77.6
1,507
66
1,184
-43.5
▼
▲
United Kingdom121.1
▲7.4
Europe
56,828.3Republic of Irelan▼
350,665.3
▲
France▲
Eastern Europe
88,652.7
67
Asia Pacific
33,338.5
367 214 9
4,591
2 680
1,038
100 0
34,887.7
1,122
2 768
5,849
6,939.3
27,477.6 1,010
1,202
200,346.7
▲
-60.0
▲
4,456
235,234.5
21.3
5,658
▼
1,047
45
182
47,096.4
1,258
-38.0
183 637 6
402
364,634.1 55.0
13,968.7
45
6,778.1
29,787.2
41
417
3,480.2
8,240.4
▼
Sub-Saharan Africa
North Africa
30.7
189 10,915.0
168▲ 152
▼
6,772.3
10,768.0
623
Chile
-16.4 ▼ 23,668.4
39.2
Africa/Middle East
871
2,378.5
226
12.3 Canada 35,755.1▲
26,008.6
Brazil 22,598.9
▲
50
5,839
4,968
▼
-40.7
-8.0
▼
▲
432 -64.8
15,05914,751
Caribbean386.4
▲
60.1
50.3
40.4
635,601.5 12.3
78.278
40
33.0
5,348
5,024.8
3,293.73,478.1
1,595,892.3
Rank Val
US$m
53
6,430
19,852
No.
Deals
28
713,883.6▲
80Central America▲
5,270
▲
Americas
76.1 Mexico
668,691.3
63
57.0 4,832
▲
4,877
1,486,620.1
Rank Val
US$m
% Change
in Rank
Value
South America
4,263
330
75.7
69
Target Region/Nation
North America
45
50,028.7
No.
Deals
8,956.0
10,227.7
8,945.8 4,921.5
632,936.2
188
569
United States 537,895.9
3,805.0
▼
4,210
▼
-48.7
▲
▼
▼
▼
▼
17,884.1
35339,358.3
26.4
-20.5
-37.5
186 ▲
81.8
13.7
-28.5
210.5
-33.9
▲
17.7
667
1/1/2014 - 6/30/2014
587,924.7 ▲
▲
▲
▲
% Change
in Rank
Value
▲
▲
Worldwide Announced M&A Target Industry by ValueScorecard: Worldwide Announced M&A
74
▲
718.9
88.2
75.0 ▲
▲
▲
16.2%
15.1%
10.6%
9.8% 7.8%
7.6%
7.5%
7.4%
6.4%
4.4%
3.9%
3.3%
South East Asia
South Korea / South Korea 24,066.1
Pending
575,697.3
6/3/2015
5,086.5
Energy Transfer Equity LP
Target (% Sought/Acquired)Rank Date Date Effective
Singapore
581
Pending
Australia
Hong Kong
1,155
55,698.6
24,121.0
4/8/2015
Asia-Pacific
2,697.6
497
57,893.3
13,682.9
843
196
5,639
Pending
-17.3509
325.5
Malaysia
2,615
6/3/2015
Pending United States / United States
5/8/2015
6/3/2015
Pending
1/9/2015
Pending
5/26/2015
3/25/2015
Pending6/19/2015
36,491.3
Enbridge Inc-Liquids (100%)
35,171.64/8/2015
Hong Kong / Hong KongShareholders
Pending
Mylan NV
SK Holdings Co Ltd (58.2%)
24,792.1
Shareholders
SK C&C Co Ltd
Anthem Inc
Avago Technologies Ltd
Enbridge Income Fund
United States / Ireland-Rep
46,386.8United States / Switzerland
The Williams Cos Inc (100%)
45,410.8
48,324.4
Cheung Kong(Holdings)Ltd
United States / United States
BG Group PLC (100%)
Hong Kong / Hong Kong
Broadcom Corp (100%)
Perrigo Co PLC (100%)
Kraft Foods Group Inc (100%)
35,632.4
Monsanto Co
50,575.2
▼
526
Cheung Kong (Hldg) Ltd- Ppty (100%)
34,284.1
5/28/2015
Time Warner Cable Inc (98.5%)
70,304.3
54,716.5
Netherlands / United Kingdom
HJ Heinz Co
▼
Hutchison Whampoa Ltd (50.04%)
AbbVie Inc
81,009.7
Charter Communications Inc
765
Syngenta AG (100%)
Mylan NV (100%)
Pending
12,071.9South Asia
Central Asia -81.8
Pending
6/22/2015
6/20/2015
28,388.4
▼
Australasia
1,853
276
161,162.1
505
2,231.0 Papua New Guin
▼
South Asia 28,388.4
-32.3
▼
North Asia
94,481.9
China
Hong Kong
13,536.2
270,656.2
23,129.1
▼
20,262.0
872
158
81
230 Malaysia
▼
▼
17.5
210
858
20,209.1
-31.867
North Asia
China 297,876.6
481,611.0
117,185.5
1,081
14,588.9
233,529.5
923.7
2,824
238
3,710
25
27,543.4342
▼
2,647.9
28,191.9Japan
33
▲
Top Fifteen Worldwide Announced Deals
3,853.8
Japan
5,860.2
335,429.2 4,880
593
-54.0
-32.0
47,387.2
35,464.3
689
71.6
South East Asia
11.7
50,529.5
▲
Australasia
▲
53,458.8
526
32,004.5
353
Asia-Pacific 367,214.9
415▲51,846.5
78,376.6
Central Asia
17,219.2
20
Rank Value (US$m)Acquiror
Australia
496
▲
-17.8
▲84.8
106.2 ▲
-48.633,529.1
22
99,195.7
366.3
22.7
653
146 6.4
170
-31.3
1,3381,482
Singapore
5,022.5
124
152,573.5
▲
207.749,586.6
12,723.6
147
737
45.2
172.9
22.723,129.1 496
2,680 100.0
1353,459.5
46,835.0
2,768
43,879.6
2.7
7.9437
509
183,637.6
52,059.9
▲
▲
Jan 1 - June 30 2015
Teva Pharmaceutical Industries
Intended
4/21/2015
4/20/2015
Canada / Canada
Royal Dutch Shell PLC
Acquiror / Target Nation
Cigna Corp (100%)
Israel / United States
Consumer Staples / Food and Beverage
Materials / Chemicals
Healthcare / Pharmaceuticals
Real Estate / Other Real Estate
Telecommunications / Telecommunications Services
Healthcare / Healthcare Providers & Services (HMOs)
High Technology / Semiconductors
-48.3
▲
▲
▲
▼
▲
▲
▲
Target Macro / Mid Industry
1,521.0New Zealand
Baxter Intl-Biopharmaceuticals (80.5%)
3/4/2015
6/15/2015
5/26/2015
Pending
Pharmacyclics Inc (100%) United States / United States
19,917.0
18,232.5 Healthcare / Biotechnology
Energy and Power / Oil & Gas
Media and Entertainment / Cable
Energy and Power / Pipelines
Energy and Power Healthcare High Technology
Real Estate Financials Materials
Media and Entertainment Industrials Telecommunications
Consumer Staples Consumer Products and Services Retail
Government and Agencies
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2

Deutsche Bank
Anglo Chinese Corp Finance
Robey Warshaw LLP 20
83,785.7
87,409.5
3.6
▲97,086.8 4.3
2 965 255 9
3.9
4.3
3.782,106.7
81,009.7
5.2
1.3
86
14
117,314.5
1.3
Somerley
131
Centerview Partners LLC
9
17
11
19
17
Greenhill & Co, LLC
Evercore Partners
20
12
15
8
10
10
11
46
-3
-0.2
2
288,137.5Citi
Credit Suisse 6
-290.6
0
▲
Worldwide Announced (AD1)
▲4.9
▼
0.8
9.0
3Morgan Stanley
1
JP Morgan
Goldman Sachs & Co
▼
2.4
▲
▲
-
25.5
7.7
6.5
299,807.1 13.47
6
Morgan Stanley318,682.8
0.5
14.2
20.0
687,014.5
21 101,991.9
13
526,276.2
5
4.2
3.7
2.8
▲
3.6
1
2.7
139
▲
6
-21
0.0 0
0.7
28
▼
▲
0 4
▲
▼
▲
-4.5
0.0
0.2
-80.230 0.1
45 ▼160 342 197 0 135 4 1 0 0 0▲ Macquarie Group ▲0 6+10
-1 ▼1.0138.442,363.5 1.12.9 ▲
-
▼
22
▼20
-21
▲2.9
2 8
26
57,190.9
3.3
14
China International Capital Co
21
19 48,685.9
Wells Fargo & Co
35.6+10
0.4
▲0.115
0.2
▲0.3
178.9 ▼
1.4 0.6
23
▲ 0.4
22.6
-10 0.5
▲0.1
1.3
+11
▼
▼▼
▲ 0.2
198.7
▲ 3.9 55
5618▼ Evercore Partners 3.349,720.9 ▼
▲
0.617
65,857.4
3.2
RBC Capital Markets
▲
16 4.4
15
13
86,029.6 5.814
13
▲ 15
Rothschild
Perella Weinberg Partners LP
Anglo Chinese Corp Finance 5.8
67,908.9 4.6
554*
72Somerley
6.190,494.4
24.7
307.90.8 -
0.7 ▼
10▲
1.5
30
▲
0.1
0.2
9
0.2
0
+8 ▲
0.2 ▼
0.1 ▼
0.6
1.2
-12
0.1
▲
98.0
0.2
18
▲
▲
125
0.197,700.8
31 8.5
2.2
▲
1.0
1.94.16.6
▲
8.7
7.1
-1.6
▲
0.6
33
▼ ▼
▲269.5+1
+5 133.2
0.8
-9.3
▼
-1 1.8
366.388 -24
▼
447.0
424.6 0.7
250.7
▼6.6
12.6
▲
▼
-9.6
-13
▼▼ 0.19.2 67
▼ Barclays ▼▼ 89
137,410.0▼ 0.5
0.2215,075.9
6.6▼ -6255,415.6 147
▼
1.3▼
3.2
0.6 -20
▼
▲
3.1
-8 421.80.6
0.1
▲
107
9014.576
12 205,129.0Lazard
285,264.9
▲1.0
0.7 ▲7.8
919.3
0.8
0.7
2.0
13.8
4 343,396.8 ▼
-11.1
▲
23.1
17.2
501.3
601.1
107 +5
▼
▲
0.7
-18129 855.3
Sh (%)
# of Deals per Advisor
-13
Market2014
Rank
24.9
Fees
173
US$m
-16
0.9-3.1
▲564,035.2
Sh (%)Share Ch.
2 3
37.9
369,423.3
▼ ▼
7.7
Market Rank Value Market2015
Rank
Rank Value per Advisor (US$m)
▼
Market
Sh (%)
2
10
US$m DealsShare Ch.
30.7
3
4
5
▼
▼
0.5 Citi
Bank of America Merrill Lynch
-0.9
118
186
-5.3
102
-3.8
▼
21
▲
108
4.4
-29
102
-2.9 0.6
0.4
0.0
▼
0 1
38Allen & Co Inc
▼
Rothschild
21
8.3
12.9
18
4.6
284,422.4
146,404.4
9
96,290.916
22
LionTree Advisors LLC
UBS
Guggenheim Securities LLC
202,430.015
185,104.5
154,580.4
HSBC Holdings PLC
143
129,482.8
Market
Barclays 8
3
Lazard
4
5
# of
19.2
179▲
▼
▼
152 0.7
1
-22
12.7
23.5
7 5
4
-3.1
2 448,995.8
Rank Value
Financial Advisor
98-3.7
1
Change in
Goldman Sachs & Co
# of Deals
-27
Jan 1 - June 30
0.9
571,108.5 0.4 0.9
2015
Rank
1 ▼
Sh ($)
Jan 1 - June 30
Worldwide Rankings
2014
RankFinancial Advisor Deals
Imputed Fees (US$m)
-0.2
JP Morgan
-2.4
65
4.05 0.0
+3
0
6
31 0.2
▼0.3
+9
11
0.1
66
39
-
62
20
Credit Suisse
+3 Centerview Partners LLC
▼
HSBC Holdings PLC
-20
17
186,999.25
9-3 UBS
▲
12
126,000.6
10
▲
8
11-21
-17
▼
-51
▼
▼
7
Deutsche Bank
0.1
0.2
0.3
0.5
+9
-23
▲3.1
6.2 ▲
# of Deals
Market Advisor
▼
▼
# of
Worldwide Completed (AF1)
Market
2.6
3.0
3.6
0.3
4.3 0.1
79
120
6.9
Market
1,469.5
Change in
1.2
Share Ch.Sh (%)
10.6
†Note: Industry Totals include multiple competing bids for the same target.
* tie
Jan 1 - June 30 2015
128,609.9 38.0
16
Morgan Stanley
1
1622.73
2
220,115.9
Goldman Sachs & Co
25.3Credit Suisse
28.3
JP Morgan
3
237,436.3
138,217.7
60,042.5
JP Morgan
Industry Total†
25
JP Morgan
RBC Capital Markets 2.4
39,729.6
Moelis & Co 38,684.4
1.8
BMO Capital Markets
Macquarie Group
1.7
42,199.4
54,604.3
2.965,255.9Somerley 20
2422
-5
-0.3
1.9
-26
26▲
0.2
28
50
13
1,341
53
Top WW Announced M&A Advisors by Target Industry
40.4%
46
Mkt.
0.5
-0.2
-0.4
0.4
▼
▼
0.1
33.0%
32,226.7
39,393.1
19
16▼
▼
100.01,486,620.1
-7
▼
No.
Deals
+6232,240,221.8
63.0% ▲
Rank
23
24
25
361,857.4
▲
▲
20,475
Share
Top Worldwide Announced M&A Advisors by Transaction Size (AD1)
1.5%
BNP Paribas SA
▼
▼
Industry % Change from Same Period Last Year
Nomura
Industry Total
Jefferies LLC
18
22
-4.9%▲
0.2 -9 Zaoui & Co 30,831.8124
▲
4
-2.0%
▼
2.1 2.0 ▲
-0.5
-0.1 ▼
2.2 ▼ 0.4
▲
+2 0.3
+7
34.8
▼
▲ 196.8
14,751
8.6%
13,878.5
▲
-308
0.0 0.3
-
▼
100.0
0.8
1.4
0.0
▼
▲
0.4
113.359
0.339 0.30.7
-4 ▼
45
0.4
-18
▼-16
▼
0.3
41,421.6
42,197.0 -135.4 1.0
99.9
0.0
▼-0.42.8
▲ Macquarie Group ▲0.6+10 22 2.821
Goldman Sachs & Co
3
2
3
27.3
174,465.0
1
0.1
Jan 1 - June 30
20
36,237.6 3
1339,044.2
38,465.3
Citi
43,017.1
Financials
60,024.0
338,258.1Healthcare
Real Estate
▲
HSBC Holdings PLC
40.9
1
53,979.4
2
Citi
125,890.5
67,194.6
106,759.0
24
104,252.1
Rank Val US$m
Energy and Power
111,261.0
Morgan Stanley
21
High Technology
Goldman Sachs & Co
Industry % Change from Last Quarter
37
100.0
23 35
28
1,351
59,668.8
15
Industry % Change from Last Quarter -6.3%
12
20.8
1,498
727.1
19.5
2,296
22.4
22.1
14
Credit Suisse
11
3,224
3
17
23
2
1
28.8
7.9%
3.1%
2431.6
2
30.8
1
0.3
1934.8
▲
2.7
66
▼
307.32
237.86
307.30
217.49
143.09 136.61
173.27
127.05
49.42
148.61
106.26
169.7
173.9
138.0
72.1
84.8 36.5
36.5
19.9
36.5
48.3
78.4
78.4
78.4
78.4 78.4
78.4
70.3
70.3
54.7
54.7
50.6
50.6
81.0
81.0
81.0
81.0
$0
$100
$200
$300
$400
$500
$600
$700
$800
Goldman
Sachs & Co
Morgan
Stanley
JP Morgan Bank of
America
Merrill Lynch
Lazard Credit Suisse Citi Barclays Centerview
Partners LLC
Deutsche
Bank
UBS
RankValue(US$bil)
BG Group PLC/Royal Dutch Shell
Mylan/Teva Pharmaceutical Industries
Kraft Foods Group/HJ Heinz Co
The Williams Cos/Energy Transfer Equity LP
Time Warner Cable/Charter Communications
Other Top 15 Deals
All Other Transactions
3

Jan 1 - June 30
2015 UP
2015 DOWN 2015
EMEAAmericas
Worldwide M&A Matrix
25.0x
Japan
22.9x
Asia ex. JapanEurope
11.6x
8.8x
11.3x
16.7x
20.1x
19.7x
12.0x
16.7x
14.8x
Exit Multiple Matrix - Average Rank Value / EBITDA
Canada
13.7x
11.9x
USA
9.1x
11.5x 12.7x
16.0x
Telecommunications
Real Estate
Media and Entertainment
Retail
12.9x
10.8x
12.3x
8.5x
-
28.6x 25.5x
9.2x
-
5.7x
16.0x
-
18.1x
12.8x
-
-
Industrials
13.4x12.7x
11.8x
18.1x 17.1x
World
13.7x 11.1x
16.8x
8.9x
27.6x
9.2x
12.8x
21.0x
18.3x
12.2x
UK
12.7x
5.7x
35.7x
5.9x8.2x
13.3x
20.6x
13.3x 5.8x
8.8x
13.6x
16.7x
-
10.2x
-
3.8x
-6.2x
35.7x
7.8x
25.9x 23.3x
24.6x
24.0x17.2x 19.6x
17.8x17.8x
19.6x
16.6x 13.6x
14.0x 14.6x
14.2x14.2x
19.6x
6.6x
11.4x11.4x 11.7x
12.0x4.6x
11.6x
15.8x
14.4x
13.5x 13.5x
10.1x
18.0x
11.6x
12.2x
11.3x
15.0x14.8x
15.5x
10.7x 15.0x
12.9x
10.1x
14.6x
7.0x26.2x
15.0x8.2x
13.8x
16.4x 19.4x5.7x
8.2x 12.3x
8.7x
10.2x
10.2x 9.0x
11.4x 5.2x
15.4x
13.6x
19.7x12.6x 9.0x
7.7x
25.0x-
9.0x
13.8x
9.5x
13.6x
19.8x 14.1x17.3x
19.3x 21.0x
19.8x
11.9x10.6x
9.4x
8.4x
10.5x
15.3x 9.0x
-14.4x10.7x
12.8x
15.6x 16.5x
-13.6x
13.8x
16.9x
12.9x
21.0x -
13.6x
13.5x
15.9x
11.0x
17.2x
14.6x 10.1x
9.3x
-
12.6x
22.4x
11.4x10.1x 12.6x 10.9x
-14.2x
33.4x20.5x
7.5x
25.3x
14.2x
10.7x 10.1x
9.0x
12.0x
20.7x
Energy and Power
18.2x
Materials
13.2x
12.2x
12.4x
Healthcare
14.0x
High Technology
12.4x
13.7x
10.4x 9.7x
Consumer Staples
Consumer Products and Services
Bid Premium Matrix - Average Premium to 4 Week Stock Price Jan 1 - June 30
* Using the valuations matrix you can analyze the average rank value to EBITDA and average premium to 4 week stock price prior to announcement by nation/region, which is indicated in the top row and broken down by target macro industries.
* The data given refers to the time period 01/01/2014 - 06/30/2015 and all spinoffs, splitoffs, open market repurchases, exchange offers and equity carveouts are excluded.
* The figures in red indicate a decline, while green indicates an increase, compared to the figures from the same time period last year listed in black.
* Additionally, for Rank Value/EBITDA the data is capped at 50x and for average premium to 4 week stock price prior to announcement is capped at 100%.
Consumer Staples
25.6
27.3
32.8
World
37.0
45.8
26.6
7.6
22.138.9 25.1
-
19.8
21.8
8.9
23.3
23.8
21.324.6
31.3
21.5
22.824.5
15.6
24.5
33.2
27.0
34.7
35.6
27.6 29.4
24.030.4
20.6
24.4
30.2 20.4
- -
-8.9
25.9
18.5
31.1 32.0
17.1
29.0
22.7
33.0
12.1
33.925.1 22.8
21.4
33.7 13.9
-
27.747.8
46.6
29.7
Average Industry Total
23.5
31.3
14.8
27.4
17.217.5
31.3
9.6
30.9
2015 UP
2015 DOWN
20.521.3
26.8
Financials
24.0
13.8x
Retail
26.0
31.8
8.0
35.0 36.5
36.3
34.6
31.3
34.8
30.3
22.325.4
25.2
40.6
23.0
22.8
13.5
26.1
32.8
32.3
Telecommunications 23.9
Materials
26.2
47.7
25.9
Energy and Power
25.9
Average Industry Total
32.6
18.5
High Technology
Industrials
28.4
27.5
25.3
Canada
22.3
Healthcare
Consumer Products and Services
28.9
23.8
37.3
25.1
25.2
43.3
28.1
18.5
45.2
30.0
28.7
Americas
39.1
17.5
42.1
USA
11.6x15.2x 10.3x
-18.5
55.5
31.825.4
43.9
10.9
47.5
10.9
35.4
12.7x
18.4
25.3
20.9
25.3
38.5
18.9
24.6
7.225.6
18.9
19.3
12.0x 14.0x
30.5
23.3
37.3
14.6
Japan
17.4
Asia ex. Japan
21.0
20.2 24.930.5
60.6
16.4
52.4
EMEA
33.2
25.9
21 20.6
42.218.219.9
31.3
26.6
60.624.7
45.0
32.9
-
23.5
14.3
Europe
12.8x
24.0
28.8
39.0
29.6
27.9
31.9
23.3
-
23.9
16.0
22.7
55.5
3.5-
22.622.6
-
37.5
50.836.4
21.3
23.032.9
3.5
23.9
38.4
22.6
36.8
-
11.6
27.7
29.5
21.1
25.9
28.948.126.5
22.4
16.5
32.1
72.6
26.5
-
-
15.2
21.1
16.1
23.6
29.1
40.6 21.4
18.8
36.3
33.0
7.6x12.9x 14.7x18.1x 14.7x
2014
22.2
13.4x
18.4
19.8
13.7x
Real Estate
10.0
31.6 31.1
- -
19.9
22.0
35.8
16.5x
45.0
UK
-
14.8x15.5x
4

Worldwide Announced Rankings* - A Decade in Review
1
2
3
4
1
2
3
4
Goldman Sachs & Co
Morgan Stanley
JP Morgan
Bank of America Merrill
Lynch
* League Table positions reflect consolidation within the banking sector.
Rankings shown are as of the current quarter end in each calendar year
5
6
7
8
9
10
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
5
6
7
8
9
10
Rank
Lazard
Credit Suisse
Citi
Barclays
Deutsche Bank
5

Consumer Staples
Centerview Partners LLC 54,716.5 1*
Goldman Sachs & Co 4,699.0 3
66,288.5
US Announced Advisors by Target Industry Jan 1 - June 30 2015Americas Deals Intelligence
Healthcare
Energy and Power
High Technology
Goldman Sachs & Co
Morgan Stanley
Rank Val
(US$m)
253,856.9
103,446.1
99,304.4Morgan Stanley
JP Morgan
Credit Suisse
Citi
Barclays
Lazard
Citi
JP Morgan
92,755.5
155,389.3
100,517.8
84,988.9
42,397.2
125,566.3
58,866.7
56,942.6
47,404.6
1
2
1
Rank
1
2
3
Mkt.
467
No.
Deals
39.1
15
7
7
900
27.33
2
9
8
10
83.1
4
6
76.8
448
8
Share
40.8
37.83
45.4
36.5
120,087.8
99,780.4
92,234.7
83,398.1
2
3
1Goldman Sachs & Co
17
334
64.7
Americas M&A
Americas M&A up 47% | Healthcare Volume Drives US Activity | Canadian Activity Rises 40%
7
54.7
Americas M&A volume in the first half of 2015 increased 47.3% over totals reached in the same period a year ago,
accruing US$1.3 trillion in activity from 7,715 announced deals. Estimated fees generated from completed deals in the
Americas totaled US$10.1 billion, a 13% increase from fees earned in the first half of 2014.
US Targeted M&A also posted significant gains, rising 60.1% over announced M&A in the first half of 2014. US-targeted
volume accrued a total of US$1 trillion during the first half of 2015, driven by 4,960 deals.
The Healthcare sector led the US market, with deal volume totaling US$253.9 billion, accounting for a 25.2% market
share. Energy & Power followed, accruing US$155.4 billion for a 15.4% share of the market. High Technology rounded
out the top 3 sectors, with US$125.6 billion and a 12.4% share of the market.
Accumulating US$124.4 billion in transaction value, announced Canadian Involvement activity rose 40.2% over the totals
reached during the first half of 2014. Completed Canadian Involvement activity was down 5.3% compared to the same
period last year, accruing US$74.8 billion from 868 deals.
Asia ex. Japan targets enjoyed the highest average exit multiples in the first half of 2015 (18.1x), followed by the US
(16.5x). Overall average multiples across industries saw a modest increase compared to the first half of 2014, with the
biggest increases coming in High Technology, which rose to 18.2x from 13.5x in the first half of last year.
46.9
769.5
1
47.1
82.5 1
Lazard 54,716.5 1* 82.5
193
US Target Announced M&A Target Industry by Value (US$ bil) Jan 1 – June 30 2015
Top Ten US-Target Announced Deals Jan 1 – June 30 2015
Target Macro / Mid IndustryTarget (% Sought/Acquired) Acquiror Rank Value (US$m)
Pending
78,376.6
HJ Heinz Co
1/26/2015
Pending
Mylan NV (100%)Pending
3/4/2015
Cigna Corp (100%)
Shareholders
Energy Transfer Equity LP
Date Effective
3/25/2015 Kraft Foods Group Inc (100%)
Pending Time Warner Cable Inc (98.5%)5/26/2015
Rank Date
6/22/2015 The Williams Cos Inc (100%)
Pharmacyclics Inc (100%)
4/30/2015 Regency Energy Partners LP (100%)
4/21/2015
Pending
5/26/2015
Anthem Inc6/20/2015
Israel / United StatesTeva Pharmaceutical Industries
36,491.3
48,324.4
United States / United StatesAbbVie Inc
18,232.5United States / United States
18,222.9
19,917.0
Energy Transfer Partners LP
Pending
Baxter Intl-Biopharmaceuticals (80.5%)
US Buyside Financial Sponsor Activity
Pfizer Inc
6/15/2015
16,770.8
Pending
2/5/2015 Pending Hospira Inc (100%)
5/28/2015
Charter Communications Inc
Avago Technologies LtdBroadcom Corp (100%)
Media and Entertainment / Cable
High Technology / Semiconductors
50,575.2
Consumer Staples / Food and Beverage
70,304.3
54,716.5
Healthcare / Healthcare Providers & Services (HMOs)
Healthcare / Biotechnology
25.2%
15.4%
12.4%
11.9%
6.6%
6.5%
4.6%
4.5%
4.1%
Healthcare Energy and Power High Technology Media and Entertainment
Consumer Staples Real Estate Financials Consumer Products and Services
Materials Industrials Telecommunications Retail
Government and Agencies
60.6
112.7
17.5 28.4
76.0 87.1
125.5
110.1
192.5
28.9 34.2
33.9 34.8
33.3
47.7
135.3
86.1
91.3
18.5
13.6
28.2
26.8
53.5
43.9
53.4
170.8
27.6
5.0
39.4
64.4
56.2
60.5
48.8
55.5%
52.6%
27.5%
39.5%
41.4%
46.0%
52.5%
54.6%
44.2%
63.2%
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
-
50.0
100.0
150.0
200.0
250.0
300.0
350.0
400.0
450.0
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
RnkValUS$bil
Q4 Volume (US$b)
Q3 Volume (US$b)
Q2 Volume (US$b)
Q1 Volume (US$b)
% of WW FS Volume YTD
6

Deutsche Bank Centerview Partners LLC
MarketMarket Change in
Deals
Any Americas Involvement Completed (AF55)
Market
US$m
# of Deals per Advisor Rank Value per Advisor (US$m)
Market
Imputed Fees (US$m)
Americas Rankings
2014
Rank
# ofRank Value Market2015
Rank Share Ch.
▲3.1
Sh (%)
AdvisorRank Value
Financial Advisor Sh (%) Share Ch. DealsUS$m
394,708.3 ▲
30.5
Market
Jan 1 – June 30Any Americas Involvement Announced (AD49) Jan 1 – June 30
124
# of
Financial Advisor
Market
-26 ▼
Market
Sh (%) Sh (%)Sh (%) # of Deals Fees
1,193.7 11.9
Share Ch.
1.9 -41 ▲41.0 2.61 368,976.6
# of Deals
2015
Rank
2014
Rank
Change in
29.3 5.0
Goldman Sachs & Co▼128 1.7Goldman Sachs & Co 1 411,507.6 -7.5
3
▼1
Morgan Stanley
3 5 369,819.3
21.42 -2 ▼ ▲748.4 0.4▼ 100
479.5
7.4▼
1.1▼
34.8 -1.3
Bank of America Merrill Lynch 232,042.7
JP Morgan
3
-820.6
1.6
10.5
0.9
▲
Citi
25.827.4 73
-6106
+1 ▲
2
100 1.3 -7.13
313,287.5
Credit Suisse 4 6 277,426.7
JP Morgan
▲0.8
-13
23.7 12.7
▼▼ 4.8
▲
5 7 274,381.5
0.6
20.3 6.1 ▲
▲ 72 ▼ 96.0
▼ Morgan Stanley 5
4 4.01.2 +13 ▲ 400.5213,224.7 76
1.84 182,812.0 20.3 -12.5 1.5 +6 ▲99▼
Lazard 6 4 272,930.4 20.2
65
2.9 ▲ 72
Barclays
0.9
771.4 ▲0.8 -34 7.7
-9 ▼ ▼-11.5Barclays 6 5 0.6▼ 359.4
11 139,841.3 ▲ 314.0▲
162,925.0
7Bank of America Merrill Lynch 7 2 268,061.6
▼68 1.1 -11 3.6
▲
-14.5 ▼19.9
18.1
-20 ▼79 1.0 Deutsche Bank ▲
Citi 8 8 253,767.5 18.8 2.9 0.6▼4.7 291.9
15.5 7.0 3.1 0.90.9 +1058
12 127,167.7 14.1 5.7 1.0 -18
▼0.3
▲ 6171 0.9 -15 ▼ Lazard 8
10 9 130,986.9 9.7
▼
Centerview Partners LLC 9 10 202,430.0 15.0
-1.0 ▼ 64
21
10-2 ▼
Credit Suisse7.0 ▲ 9
0.8
-2 ▼ ▼ 282.0
16 97,700.8
10 105,780.6 1.0 -11
10.9 7.5
▲ 6211.8 1.8 2.8 1.0
▲ 18 ▲
Guggenheim Securities LLC 11 55 117,272.3 8.7 UBS 11
2.7 1.70.3 +2 ▲ 269.5
▼ 33 1.3 0.46 69,853.3 7.8 -15.4 0.5 +3 ▲ 126.1 ▼
Evercore Partners 12 12 100,994.6 7.5
16 0.2 +8 ▲
2.7 ▲ 51 0.7
8.3 ▲
Perella Weinberg Partners LP 12-22 ▼ 31 67,687.5 0.9 0.1▼ 93.3▲ 7 0.1 -7 ▲
LionTree Advisors LLC 13 85 96,290.9 7.1
7.5 6.2
0 -5 0.1 24 49,651.3Rothschild 13 ▲
Greenhill & Co, LLC 14 14 95,587.3 7.1 2.7 ▲
7.0 ▲ 5.5 3.9 1.2 0.10.7 +7 ▲ 123.5▲ 45
0.8 -9 1.6 0.8▼ 157.2
Wells Fargo & Co 15
RBC Capital Markets 14
▲ 304.7 1.9
13 45,428.923 0.3 +8 ▲ ▲ 515.0 0.3 ▼
Allen & Co Inc 15 25 87,409.5 6.5 4.4 ▲ ▼138.4
25 0.3
5 0.1
UBS 16 13 83,254.9
0.5 -7
4.3 0.06.2
▼
1.5 ▲
+3 ▲
-10 ▼ Evercore Partners 16
1.4 0.2
14 38,674.1
18 42,363.5
▼
RBC Capital Markets 17 15 52,912.0 3.9 -0.4 ▼
- 42
Jefferies LLC 17
1.6 0.90.7 -23 ▼ 157.0
▼ 51 1.8 0.715 31,423.5 3.5 -0.5 0.8 0 - 177.5 ▼
Rothschild 18 16 47,198.8 3.5
46 0.6 -24 ▼
-0.7 ▼ 38 0.5 HSBC Holdings PLC 18-14 ▼ 77 30,529.1 0.5 0.3▲ 49.7▲ 10 0.2 +3 ▲
BMO Capital Markets 19 21 42,199.4 3.1
3.4 3.2
-4 ▼26 0.3 30 29,927.3Nomura 19 ▲
HSBC Holdings PLC 20 22 27,622.0 2.1 -0.2 ▼
0.5 ▲ 3.3 1.8 0.5 0.20.2 -2 ▼ 51.6▲ 13
0.4 -5 0.7 0.0▼ 71.6
Stifel/KBW 21
Macquarie Group 20
▲ 452.3 1.2
25 21,348.210 0.1 +4 ▲ ▲ 232.4 0.8 -
Blackstone Group LP 21 71 26,726.2 2.0 1.8 ▲ ▼80.3
26 0.3
12 0.2
Macquarie Group 22 29 23,859.2
0.7 +1
2.3 0.51.8
▲
0.3 ▲
-8 ▼
0 - Houlihan Lokey 22
0.8 0.3
22 20,583.9
33 21,016.5
▼
Moelis & Co 23 26 22,278.4 1.7 -0.3 ▼
▲ 72
Itau Unibanco 23
1.5 0.41.1 -18 ▼ 155.1
▲ 18 0.3 0.136 17,579.3 2.0 1.1 0.3 -21 ▼ 28.3 ▼
Jefferies LLC 24 18 20,484.6 1.5
38 0.5 -3 ▼
-1.3 ▼ 55 0.7 Greenhill & Co, LLC 24-3 ▼ 49 16,441.4 0.6 0.3▲ 59.8▲ 12 0.2 +4 ▲
Houlihan Lokey 25 19 18,750.4 1.4
1.8 1.3
-26 ▼ ▲-1.4 ▼ 66 0.9 45 16,212.1BNP Paribas SA 25 151.8 1.2 0.4 0.10.2 +3 ▲ 38.5▲
†Note: Industry Totals include multiple competing bids for the same Target.
Guggenheim Securities LLC Credit Suisse
†Note: Industry Totals include multiple competing bids for the same Target.
42
51
8.0 ▲
61
▼
+9
16
17
-8
Houlihan Lokey
8.0
11.5
4,960
-8
▼
+5
+7
Wells Fargo & Co
7
+3
▼
13,744.2 0.4
+21.3
-14
▼
41
0.9
▲
▼-1.5
▲ 0.3
0.1
▲ 5
2
181,685.6
0.3
Stifel/KBW
▼
113,368.9
▼
HSBC Holdings PLC0.5
20,845.2
RBC Capital Markets
4 4
▲
13
5.3
13 1.8
-1.5
2.2
18
16 21,072.2
1.5 0.2
27
5
▼18
2
23
17,408.3-16
Nomura
632,936.2
-7
5
-23.0
▲
0.1
Goldman Sachs & Co 1
Market # of
Financial Advisor US$m Sh (%) Share Ch.
Blackstone Group LP
Lazard 3
UBS 16
71
46
46
2.1
Morgan Stanley 2 3 278,138.2
JP Morgan 4
3.3 1.9
y , ,
Industry Total100.0 -1447,715 100.0Industry Total† -75900,482.4 6,4061,348,727.0
▲ -3.4%
Industry % Change from Same Period Last Year 47.3% ▲ -1.8% ▼
Rank Value per Advisor (US$m) # of Deals per Advisor
▼ -7.0%
Rank Value per Advisor (US$m) # of Deals per Advisor
Industry % Change from Last Quarter 66.3%
▲
100.0
-9.1% ▼▼
Imputed Fees (US$m)
▼
10,053.9
Industry % Change from Same Period Last Year 23.0%
US Target Completed (AF2) Jan 1 – June 30
-1.2% ▼ 13.1% ▲
Sh (%)
2014
Rank
Market
US Target Announced (AD2) Jan 1 – June 30
MarketRank Value Market2015
Rank Fees
# of Change in2015
Rank
2014
Rank
Rank Value Market Change inMarket
# of Deals
Market
31.5 -8.8 ▼
US$mDeals Sh (%) Share Ch.Sh (%)
Advisor
945.81.7 -9 ▼ Goldman Sachs & Co
Market
Share Ch. Deals Sh (%) # of DealsFinancial Advisor
1 317,409.5 3.812.985 2.01 185 ▲
27.6 1.6
+8 ▲249,528.8 39.4 -5.8 ▼
▲
3
JP Morgan+10▲
-45 254,763.7 25.3 6.2
1.4
4.1▲ 5518.610
▲583.9 8.0
▲
0.3
0.6300.8
1.536.7 652 -6.6 ▼232,345.2 ▼
4 247,229.5
-7
28.7
▲
▲ 0.9
▼
1.3 +15 ▲Citi
4.0 ▲ 1.4 +470 1.2 -4 ▼24.5 Bank of America Merrill Lynch 152,884.6 24.2 -14.5 52
-16.921.3Barclays 5 6 246,941.1 134,492.95 5 50 1.2 -7
▲5.5 0.1
4.0 0.7 ▼
402.1
8.7
24.5 7.9 288.4▲ 0.9 Barclays-2743 ▼
43 Morgan Stanley 6
▼
0.9Credit Suisse 6 7 235,912.7 23.4 1.73 117,396.4 18.6 -21.1 ▲ 562.4▼ 1.5 ▲
Bank of America Merrill Lynch 7 2 222,055.6 22.0 -12.3 ▼
▲ 7.7
1.0 -19 Lazard 3.6
+8-13 ▼ 64
11▼ 0.01.1 -317.9 8.6 ▲ 260.446 -
Citi 8 8 221,678.2 22.0
▼7
14.5 6.7 ▲0.9▲ 40 ▲ 222.10.9 +10 3.0
Centerview Partners LLC 9 9 193,755.6
10
16
▲
92,050.8
13.8
▲0.3
19.2 Centerview Partners LLC-2
10 9
149
Deutsche Bank 8 12▼
▲
47 0.9
▼
▲
87,363.1 -1 ▼0.314
1.011.8 ▼
9.4 ▲ ▲225.5 3.1
▼
1.03.1225.3 ▼
1.8
-21.9 ▼ 0.921 0.5 -2 77.3 1.1▼
74,967.535 -91.1 ▲ 41117,147.4 11.6 11.0 15
11 10 97,527.3 -3 ▼ UBS▲ 8.9
1.712 17
9.7 3.2 44 56,212.6
0.1
11
96,290.9 0 ▼39,178.0 6.2 2.5 ▲ 0.6269.352 9.5
29
Evercore Partners
0.4- Wells Fargo & CoLionTree Advisors LLC 12
6
Allen & Co Inc 13 19 84,350.5 4 ▲0.1 +3▲
0.3
-108.4 5.9RBC Capital Markets
-9
18
▲
▼
▼
2.9 ▲
+630,396.1
123.3
99.4
▼15 0.1▲ 14 15
13 37,111.4
Deutsche Bank 15 11 80,242.7
1.4
2.3
0.7
▲4.8Jefferies LLC
▲
▼
Greenhill & Co, LLC 14 12 81,964.7 8.1 0.4 ▲
0.5
1.734 ▼1.7
2.3
-0.9 ▼Evercore Partners 150.8
24
1.120,147.5
166.845
0.8 -10 121.3
1.1
▲
642.5 17
▼1.213 30,102.5 4.8
▼
▼25,051.2
▲0.52.8 ▲ ▲
▼ 1.91.53.2
70,604.7 7.0
0.52.8
138.8
- 3 36.1
-16▲-7
1.0 0 -
▼
0.472.7 1.0
0.521
HSBC Holdings PLC 20 - 17,408.3
0.1 +3
19 37 15,010.5 2.4 ▲1.8▼19 17 44.7▲18,416.5 1.8 Greenhill & Co, LLCHoulihan Lokey ▲ 8 0.2-1.4 0.3▼ 1.2 -22 0.6
20▲ ▲0.11.7 1.7 +33 40 12,915.2 2.0 1.5 0.1 +1 ▼
▼ 0.2 ▼41.6
11.6▲
0.6
0.2 0.1
▲12,557.1 2.0▼ -443 0.9 21▼Jefferies LLC 21 18 16,962.2 1.7
26.5
30.6
24 15,331.1 0.4
1.5 0.9
1.1 ▲
16
22
Moelis & Co 23
▲
+2Rothschild 22 Macquarie Group0.1 -13 0.0
1.9▲1.4
12,168.70.3
11,633.1 1.8
13
-3.0
-
33 0.8 -1 ▼ 1.2 ▼1.3
0.3
92.9-2.2 ▼
▼ 1212,243.4 1.9
▲
31
1.9
25
Guggenheim Securities LLC
24Qatalyst Partners21▼ -18 ▼
▲ 0.0
1.2 ▲0.6 ▲ 141.77 0.2 +4
-▲ 0.6 0.043.8
7,309.0 100.0
+2▼1.7
+53
17.7% ▲
25 0.2
▼
10,932.7 8
1.3%
7
100.0
▼
▲14.2%▲
-6.1%-8.9%
4,263
-6.8%
Industry Total
Industry % Change from Last Quarter54.0% -4.4%
-0.3%
100.01,008,957.9
24 14
▲
13,397.9
60.1%
25 - ▲
+4
1.3
▲
▲
Industry Total
PJT Partners LP
* tie
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7

Guggenheim Securities LLC Credit Suisse
Industry Total
Qatalyst Partners
100 0 +10783 364 3 5 453
▲ 7 1.6 1.6 ▲
8 801 8 100 0
25 32 11,633.1 1.5 0.5
1.2
0.1 +3 ▲ 141.7
36 0.7 -3 ▼ 102.7 1.2
0.7 ▲
Moelis & Co 24 15 13,471.2 1.7 -2.1 ▼ ▲
58.32.1 1.6 ▲ 11 0.723 42 16,334.1 0.2 +4 ▲
▲11 0.2 -1 ▼ 26.2 0.3
1.0 ▲
Nomura 22 36 16,966.0 2.2 1.3 ▲ 0.3
0.7 ▲ 31 1.00.6 +4
20
Rothschild 21
0.618,908.9 2.4
2.2
1.3
▲ 85.2
▼ 41.45 0.1 -1
30 ▲
0.5
0.6 ▲17 0.3 +1 ▲ 53.9
0.5 ▲
1.7 1.7 ▲
HSBC Holdings PLC 19 64 20,062.4 2.6 2.4 ▲
1.5 ▲
1.2 -20 ▼ 145.30.6 ▲ 68
0.9 ▲45 0.8 +3 ▲ 80.3 0.9
1.5 ▲36 0.7 -15 ▼
▲
Evercore Partners 16 13 30,813.1 3.9 -1.1 ▼ 129.4 1.5
1.218 37,902.5 4.8 2.1 1.2102.8▲
2.0 2.00.9 +1 ▲ 173.8
1.6 ▲17 42,363.5 0.6 -7 ▼ 138.45.4 2.2 ▲ 30
1.0
▲30 0.6 -14 ▼
1.6
▲6 0.1 -7 ▼ 1.083.9
1.3 1.3 ▲
Perella Weinberg Partners LP 12 27 60,479.2 7.7 6.4 ▲
▲ 118.08.6 -17.5 ▼ 306 67,040.9
257.2 2.982,228.0 10.5 1.0 ▲
0.6 +4
2.9 ▲52 1.0 -10 ▼
256.9 2.9 2.9 ▲17 0.3 +2 ▲
3.1 3.1 ▲
Centerview Partners LLC 9 16 94,900.5 12.1 8.4 ▲
3.2 3.2 ▲
4.2 ▲ 52 1.0 +7 ▲ 268.0
▼ 280.515.0 5.8 ▲ 56
17.9 -18.5
117,344.4 1.011 -18
▼3 140,147.9 ▲84 1.5 -1 ▼ 681.7 7.7 7.7
▲
367.8 ▲
60
+12
Barclays 5 5 141,769.7 18.1
-6.6
3.7
4.2
-15.3 1.1 -14▼ 3.7
4 9 193,532.3 70 1.313.5 ▲
12.5111 1,099.82.0
Change in
70 1.3 ▼ 5.4-7
Market
Deals Sh (%) # of Deals Fees Sh (%)
Market
Share Ch.
Market# of
23
32
-16
257,706.7
25
Moelis & Co 0.5-0.81.4
18,374.8
1.4Wells Fargo & Co
Jefferies LLC
-4
0.4
Share Ch.
-6 ▼
Goldman Sachs & Co 1 1 322,414.1 -3
▼-1.6
6 409
Advisor
-7.4 ▼ 87 1.6
-1.0 ▼
Industry Total 1 223 764 2
-2.016,929.7
1.5
24.7
Lazard
Morgan Stanley 6
▼
34
▼
RBC Capital Markets -2.1
-1.018,750.4
Macquarie Group 20
15
1.5
1.7
18
Houlihan Lokey 22
58
21
21,454.4
21,072.2
35
21
26,556.2
1.821,885.8
7.8
▲Blackstone Group LP
-0.7 ▼19 20
36,674.7 3.0
2.9Greenhill & Co, LLC 14 95,480.0
18
Allen & Co Inc 15
17
87,409.5
16
▲
▲
12 100,260.612
13
7.7
6.2
23
14
21.5
21.8
7
▲2.9
263,179.6
2
6.1
9.0
LionTree Advisors LLC 13 73 96,290.9 7.9 ▲
0.9 -30
Evercore Partners
11 9
8.2
110,249.2
48
-0.4
▲
269,502.4
5
2
6
-15.2 ▼
▲
21.0
6 22.0
7.1
1.9
-0.5
2.2
1.316
Rothschild
7HSBC Holdings PLC
1.8
UBS 75,407.8 0.3
5
▲
▼
0.8
▲
1.1 ▲
0.4
4.7
473.4
▼
▲
5.4
665.6
▲ 4.2
▲
323.6
7.6
▼
2.7
▲7.5
▼▲11.6 97
63
59
-761 1.0
52
9
-15
▼
-24
7
74
-2
19
65
0.7
0.1 -8
▼
+3
Change in
+8
-13
-12
122
Deals # of Deals
▲
▼
-1 2
# of
1.5
20
-11
Market
1.9
Sh (%)
1.0
1.2
64
Citi
▼
+6
▼
Jan 1 – June 30Any US Involvement Announced (AD41)
Rank Value
7.64
4.9 ▲
Market
Financial Advisor
30.9
2014
Rank
29.8
Morgan Stanley
JP Morgan 3 5 364,912.3
US$m
2015
Rank
1 404,688.0
3 378,412.1
33.1
Barclays
95 32.9
▲
7.6JP Morgan
Rank Value Market
Imputed Fees (US$m)
0.1 +1
0.3 Macquarie Group
Greenhill & Co, LLC
▼
25
100 0
▼
17
24
14 31,041.9 4.0
17
▼
Stifel/KBW
▼
Houlihan Lokey
26 17,036.7
0.4
▲
-10
49
20 20,325.9▼
▼
Deutsche Bank
43
18
57
9.6
Centerview Partners LLC 9
10
20 0.310
117,272.3
199,629.7 16.3
9.2
Lazard
Bank of America Merrill Lynch 7
266,180.2
88
4
256,777.8
Credit Suisse
Citi
16
▲7.5
UBS
Deutsche Bank
▼-2
1.0
+9
▼
21,016.5 2.7
2.6
29
▼-0.4
27
▼
▼
▼
▲
1.0
-4
27
Americas Rankings
22
0 Wells Fargo & Co
14+8
0.2
Sh (%)
2014
Rank
▼
▲
Jan 1 – June 30
19.3236,490.3
Any US Involvement Completed (AF48)
▼
US$m
▼
Share Ch.
-6.4
Market
Financial Advisor
Market
8
10
98,722.0
11
220,037.34
-23
-13
12.6
10
2
▲
▲ RBC Capital Markets
15
▲
▼
▼
Jefferies LLC
3
41.2
28.1
12.5
1.5 Bank of America Merrill Lynch
2015
Rank
-13
Sh (%)
12▼
13-
0.1
5 0.1
0.9
0.3
24 16,989.3
Barclays Danske Bank
▼
GMP Capital Corp
Credit Suisse
-5.3%
Desjardins Group
4.33
1.9
▼
▲
-6
1666
Industry Total
9 -8
▼
0.8
2
5,414.3 4.4 4.3
▲
1.012
-10.83.0
Goldman Sachs & Co
1,194
▲
0.4+3
59
-1
6.4
868Industry Total124,418.8
2.1
+1 ▲
▲ 6
1.4 ▲
0.0 +1
0.0-3.1
2.0
▼
▲ 1.071.3
0.4
10.4
▼ 17.2 1.6
0.6
9.7%
▼
▲
-14.1%
▼
-143 1,100.2
▼ -10.8%
-2.3%11.4%
1.4 0.11
1.3%
▲
100.0
5 -3
▲1,285.925▲ ▲
Canaccord Genuity
45
100.0
1.8
1.7
▲0.4
▲
0.02.3
▲▲ 0.40.0 +1
6
▲
5
0.621,471.1
▲
1.9
2.4
2.3
22
1 0.1 1,368.1
HSBC Holdings PLC
24
22 - 1,740.6
▼
2.5
21
1,849.5
16
-6
-2.9
-0.2
1,795.0
20 ▼
▼
20.60.0 ▼
0.41.9-10.0
▼
20.7
0.8▼
19 ▼ 20.77 0.21.90.0▼Macquarie Group
21 22 3,276.6 2.6 ▼-2▼
▼0.1 -314 3.4▼ 36.8 0.9
14
5.9
4.3
7 4,393.9
4
19 2 4,154.0 3.3 ▼0.6-20.3 -14 -2.1
▼ 18
▲
BMO Capital Markets
3.8
17▲ TD Securities Inc
2,821.3
0.1 3.7 ▼
0.0 0.4
▼-4
+1
1.3 1.2 ▼
0.4
▼
0.740.7
▲▲ 4.6
7
US$m
Advisor# of
▲
Fees
69.6▼0.1
0.0
▼
20,556.8
▲
-18.0%
Share Ch.
16.2
▲
▲
26.3
100.0
▼
11.7% ▲
-8.5% -9.7%
+10783,364.3
▼
5,453
Industry % Change from Same Period Last Year 22.7% 0.2%
8,801.8 100.0
Industry % Change from Same Period Last Year 48.6% ▲
-326,409Industry Total 1,223,764.2
-0.5% ▼
29.5
1
11.7
26
8
Scotiabank
10
7
-0.7
▲
17
9
-4.2
7.7
0.7
1.9
# of
1.4
* tie
20 8 3,752.8
▲
0.8
Ernst & Young LLP
FirstEnergy Capital Corp
1,720.7 1.4
1,720.7-
2.1
0.5
▲
▲Industry % Change from Same Period Last Year 40.2% -11.8%
14.621 4,646.0
Sycomore Corporate Finance SAS
▼
16▲ - 6.0 1
Scotiabank
Sh (%)
▼
Raymond James Financial Inc
84.0%
▲
100.0
▼
4.4
-2.8% ▼
Market
Financial Advisor
27.5
23
+1 17
▼
74,793.0
6.0
0.1
-10.5
▼-5.6
CIBC World Markets Inc
▼
-1
-7.9+1
+4
3,259.4
Rank Value
4,456.6
0.8
▲
▲
RBC Capital Markets
+3
-3
Sh (%)
▼
7.7 3
11
▲
7 20,386.8
21,440.1
9
▲
20,815.7
Credit Suisse
5Morgan Stanley
Citi
2
4
JP Morgan
BMO Capital Markets
3
Deutsche Bank 6
7Bank of America Merrill Lynch
12
6
10
3 16.7
17.2
36,674.6
23.529,272.7
RBC Capital Markets 42,358.8
+10.9
▲14.9
▲
41 34.1
Share Ch.Sh (%)
2015
Rank
13.3
Deals
Market
-5
Market
# of Deals
JP Morgan
-2
-6
33.32.2
▲ Industry % Change from Last Quarter
2014
Rank
Any Canadian Involvement Announced (AD42) Any Canadian Involvement Completed (AF49)
67.3%
2014
Rank
Jan 1 – June 30
Rank Value
100.0
US$m
Market
Financial Advisor Sh (%) Share Ch.
▼
Market
# of Deals
Change in Market
Imputed Fees (US$m)
50.5
Market
10 2.16.3
4.6
2.0
▲
▲
3.7
0.6
▲40.5
11 24,899.0
28.9
+1
▼
▲
Deals
Market
6
2015
Rank
0.0▲12 421.4
0.0
Sh (%)
Jan 1 – June 30
-3 17.1
Goldman Sachs & Co
3
4
▼
1
Nomura
2-1
Deutsche Bank
2.12.123.4
5.9 ▲
▲17.1
▲
1
10
0.0 +1
5
-
+112,750.6 17.1 79.5 7.2▲0.1
3.0
-3 ▼
▲
+5
1Bank of America Merrill Lynch 0.0
0.1
7 8,088.8 10.8
11.3
▲
4
3
5
16.4
TD Securities Inc
17,199.2 13.8
14,422.4 7,249.1▲ 15Citi
11
0.4
6.5 9
-2
+4
Lenner & Partners
0.8
-
1.2
1.4
9*
1
▲
Rothschild
▲
1.415.0▲
2
1
8 1.2
9*
12.7
6,954.1
Sandler O'Neill Partners 16 -
8
9 7,419.1
9CIBC World Markets Inc 14
10
8,460.26Barclays
▼ Morgan Stanley
▲
8
▲
-0.7
▲▲
0.0
1.15
0.1
▼
▲1.2
▲
▲
4.2
▼
▼
33.3
4.3
▲
9.3
9.7
-15.2
0.0
▼
▲
9
0.2
-3
46.7
▼
6
21,623.4
12,797.7
9.3
9.3
▲ ▼
+1▲9.36,954.1
▼
- 1
▼
64.7
0.0
4.3-5 ▼ 20.96,175.2
1.90.224 5.99.32
1.9
5
12.7
+1
6,932.7 -15.7 ▲
3
+1
-24.3
▼
▲
0.2+1 ▲7.9BNP Paribas SA
12
06.7 -0.89
▼ 10
5,039.5
3.5 ▲
2
6.2
8.3
1.6
0.0 1.0
▼ 21 0.1 - 66.3 6.0
-1 ▲13 5,918.738 ▼7.4 10.90.1
5,752.7
▲
5,596.1
5
-30.8
+3
▼
▼
1.4
4.5 ▲
5.6
0.4
4.5 0.3
2
▲ 15
11
22
-2
Industry Total
12
14
3,186.3 0.22.6
+2
-4.4
▼
4.6
0.3
24*Willis Capital Markets
-160
43
Numis 24*
-
2,572.0
GMP Capital Corp
23 33
19
9,570.1
12*
6,954.1
1
6,954.1
9,385.9 ▼
▲
6.0
7.5 0.8
1.6
+1-0.8
11.6
1.0
-5
Change in
0.3
▼
-13
19
0.8
0.2▲
▼
5.6
4.6 4.6
-6.5
▼
▼
Moelis & Co 17
▼
0.1
-
5.6
-19.6
15
5.6
HSBC Holdings PLC
14
-12*
Lenner & Partners
Danske Bank
INFOR Financial Inc 4.6
-
9
▲
5,736.2
-
8

EMEA Targeted Financial Sponsor Investments (Buyside Sponsor Activity)
Healthcare
HSBC Holdings PLC
6
Goldman Sachs & Co
Goldman Sachs & Co
3
1
2
65,473.2
3
46.8
21,272.0
12
4
64,537.4
49.3
629
47.7
15,038.6
71.2
5
3
JP Morgan
Morgan Stanley
Moelis & Co
Announced M&A activity with EMEA involvement totaled US$688.1 billion in the first half of 2015, up 9.8% compared to the
US$626.8 billion reached the same period last year.
Estimated fees accumulated on EMEA deals completed in the first half of 2015 were up 5.9% from the same period last year,
totaling US$5.5 billion, according to estimates from Thomson Reuters/Freeman Consulting.
The Energy & Power sector led the EMEA marketplace, with 552 deals totaling a combined US$128.9 billion, including the BG
Group and Royal Dutch Shell deal valued at US$81 billion. Healthcare accrued US$117.9 billion, and Materials totaled US$77
billion of activity.
Financial sponsors were less active this year compared to the same period in 2014. EMEA-targeted buyside financial sponsor
activity reached US$78.8 billion in the first half of 2015, down 8.4% from the US$93.6 billion reported for the same period last
year.
Acquirors listed on the Amsterdam Exchange were EMEA's most acquisitive companies this year, with a combined total of
US$81.1 billion in offers.
Morgan Stanley
JP Morgan
Morgan Stanley
Telecommunications
Lazard
Industrials
Primary Listing of Most Acquisitive EMEA Companies - Top 10 (US$b) Jan 1 - June 30 2015
19,863.3
UBS
55.5
Goldman Sachs & Co
2
56,183.1
Morgan Stanley
35.8
Materials
14,277.8
5
2
21,013.3
20,167.9
1
1,318
6
33.9
57,588.9
465
64.9
552
Share
6
8
3
No. Deals
EMEA Deals Intelligence EMEA Involvement Announced Advisors by Target Industry
117,893.1
5
83,683.1
EMEA M&A
EMEA Announced M&A Up 10% | Energy & Power Highest Valued Sector | Financial Sponsor Activity drops
59,424.4
54,778.1
83.8
178
5
3
Rank Val US$m
89,630.9
Rank
Bank of America Merrill Lynch 69.6
Mkt.
Energy and Power
2
128,873.2
69.189,050.8
1
43 33.4
70.5
76,973.6
2
54,276.9
1
1
68.9
2
Jan 1 - June 30 2015
g p ( y p y)
50,575.2 Healthcare / Pharmaceuticals
France / France
Materials / ChemicalsUnited States / Switzerland
Target Macro / Mid Industry
Jan 1 – June 30 2015
6/24/2015
Israel / United States
Pending Hutchison Whampoa Ltd
Intended
Netherlands / Belgium
4/15/2015
Netherlands / United Kingdom
Acquiror
Pending
2/5/2015
Pending
1/23/2015
Royal Dutch Shell PLC
Date Effective
11,657.2
Pending Bouygues Telecom SA (100%) Numericable SFR SA
Koninklijke Ahold NV
6/25/2015
y g q p p ( $ )
4/21/2015
Rank Value (US$m)
Pending
81,009.7
Teva Pharmaceutical Industries
4/8/2015
Rank Date Target (% Sought/Acquired)
Top Ten EMEA Involvement Announced Deals
Mylan NV
Monsanto CoSyngenta AG (100%)5/8/2015
4/8/2015
Mylan NV (100%)
O2 PLC (100%)
BG Group PLC (100%)
15,381.2
* Undisclosed
United Kingdom / United StatesPending
Telecommunications / WirelessHong Kong / United Kingdom
Pending Alcatel Lucent SA (100%) Finland / France
United States / Ireland-Rep Healthcare / Pharmaceuticals
Telecommunications / Telecommunications Equipment
Perrigo Co PLC (100%)Pending
United Kingdom / United Kingdom
46,386.8
35,171.6
Pending
Delhaize Group SA (100%) Retail / Food & Beverage Retailing
13,784.4
6/30/2015
Ball UK Acquisition Ltd
Towers Watson & Co (100%)
Rexam PLC (100%)
Telecommunications / Wireless
Willis Group Holdings PLC Consumer Products and Services / Professional Services
8,613.0 Materials / Containers & Packaging
7,786.1
11,202.0
Nokia Oyj
$75.9 $74.4
$27.1 $15.6 $21.9 $18.4 $25.8
$49.8
$28.2
$45.5
$86.2
$44.4
$9.0
$16.2
$38.1
$19.7
$33.3
$43.8
$50.6
$60.3
$54.7
$28.2
$14.6
$37.4
$23.9
$18.7
$24.7
$30.0
$90.8
$67.8
$24.9
$19.0
$26.3
$22.3
$24.7
$33.9
$45.8
19.7%
17.1%
10.2%
7.6%
13.4% 14.2%
9.5%
18.3% 18.5%
14.8%
0%
5%
10%
15%
20%
25%
$0
$50
$100
$150
$200
$250
$300
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
%ofEMEA
RankValue(US$b)
Q4 Volume (US$b)
Q3 Volume (US$b)
Q2 Volume (US$b)
Q1 Volume (US$b)
% of YTD EMEA M&A
$81.1
$55.8$27.2
$25.0
$16.6
$15.6
$12.6
$11.1
$9.2 $8.0
Amsterdam
Nasdaq
Euronext Paris
Swiss Stock Exchange
New York
Zurich
Nasdaq
Madrid
OMX Stockholm
BMFBOVESPA
9

Greenhill & Co, LLC
▲
-
Financial Advisor
Jan 1 – June 30Any EMEA Involvement Announced (AD47)
2.3
1
0.0
Change in# of 2015
Rank
Market
Financial Advisor# of Deals
39.3
1Goldman Sachs & Co
270,730.2 18.47
44.5
Sh (%)
2015
Rank
1
2014
Rank US$m Sh (%)
Jan 1 – June 30
Market
81,009.7
Rank Value Market
306,158.8 10.5
▼
Market
Share Ch.
▲
12.6 -0.6
66
-4.6
-10.1
30
49
71
7.9
▼
▼
18
Moelis & Co
UBS
71,271.6
33
Mediobanca
BNP Paribas SA
16Zaoui & Co
Macquarie Group
Credit Suisse 13
15
5
14
Robey Warshaw LLP
19
17
9
2
4
HSBC Holdings PLC
12
14
Citi 9
25
Rothschild 11
-17
47
9.8
-8.8
BNP Paribas SA
0.0
7.3
58
0.2
▼
59,549.8
64,569.8
▼
▼
9.4 12
-11
1238.7
-1
2
8
Deutsche Bank 6
Barclays
Morgan Stanley
JP Morgan
Lazard
7
26
10
6
10.4
4
10
178,454.5
5
86,597.3
8
33 2.7
▲
▲
5.4
▲2.9
▲
5.7
1.3
Nomura 19
17
18
14
3.820,724.7
18,292.6
15
Zaoui & Co
▲1.6
Jefferies LLC
▲
2.8
16,290.5
3021
▼ 16
3.0
17,707.8
29
18
3.3
14,077.7 2.6
17
1.1
0.4
0.1
RBC Capital Markets 19
5.630,516.2
31
25
3.4
2.1
0.1
▼
▲
▲
12
3
22
0.0
▲
HSBC Holdings PLC
▼
Evercore Partners-2
+7
24
1.5
0.7
Kempen and Co NV
▼
0.0
-9
Ernst & Young LLP
▲ ▲
19
0.0 -7
▲
▼
▲
▲
15
+217
▲
2 27
1.5
1.4
1.5
-1.1
-6.7
2.7
0.0
0.6
1.0
24 ▼
1.6Nomura
44
Davy 22
21
Societe Generale 23 15
Banca IMI (Intesa Sanpaolo)
20
SEB
Industry Total
22
3.9 -10.7 ▼ 31
▼
▼
0.1
0.2
-9.7
6.0
▲
-13.3
+2
▼
▲
0.3
-2.9
1
8.5
7.5
-7
Rothschild
▼
Barclays
10.2
-1 13.673,822.5
41,365.9
6.7
37
3645,795.8
28
45,346.7
11.8
▼
12-10
12
▲
6.6
138
5
7.0
UBS
38,247.3-10.3
-12
4
▼ Credit Suisse
▲
-21.9
41
100
0.5
11
43,007.6
52,459.1
26
6
1.5▲
▲
30,831.8
32
41
0.1
▼
13
82
2 ▼
▼
▼
0.9
62
0.6
0.9
63 215.9
▼
-8
-3 371.7
-1
▼
128,367.210
-13
Citi
119,255.0
238.5
-5
+5
8.0 ▲
80 Goldman Sachs & Co
▼
140,999.4 25.9
▲
0.3
1
JP Morgan
42.1 585.3
0.7
0.9▼64 -10.3
+80.4
▼ 2
▲
Sh (%)Deals
▲
4
9▼ 4
3 6.6359.7
12.4
▼
178.7
-13
208.451
59
0.7
23.6
-13.7
127,926.2
Sh (%)US$m
0.2 23.5
▼228,774.0 ▼ 1.1-1.0 74 -4
# of2014
Rank
MarketMarket
DealsShare Ch.
Rank Value
EMEA Rankings
AdvisorMarket
Market
Imputed Fees (US$m)
▲
2.9
0.9
Sh (%) # of Deals
Any EMEA Involvement Completed (AF53)
Share Ch.
0.8
0.6
Change in
-3
Fees
2.0
10.7
▲
▲
1.0
▼
▲
▲
▲
0.6
▼
0.0
▲
-9
▼
▼
109.9
0.9
0.6
▲
50.1
0.2
-
3.8
+1
1.9
4
191.3
0.217
33
0.6
4.4
▲
45
3
-14.2
▲
▼
Deutsche Bank
100 0 6 846
10,431.4
10,431.4 ▲
▲
1.9201
Industry Total
1
22
▼
▼
25
74
+1
12,154.4
23
▲
6
-
1.5
0
0.19
106
1
18
-1.8 ▼2.2
0.7
1.3
▲
-0.6 ▼15,126.4
13,062.1 2.4
543 971 4
1.9
0.5+4
▼
▲
+1
5 451 3
▲
-50
0.0 0.0
0.9
0.0
100 0
0.1
▼
-
-4
0.8
▲
▼
0.0 0.1
0.2
0.5
-
0.5
+30.3 ▲
0.5 ▼
-3
+2
0.3
▼
0.1 ▲
-54
0.3
0.1
+2
269
73.4
56.6
7.8
107.7
▼
-20
+4
0.3
0.4
0.2
▲
0.3 ▼
▲
12.1
6 -19.0
▼
11
3.3
4.0
3.5
6.8
▼
▼
19.5-23
-17
▼ Lazard 7 106,161.3
21.9
21.6
▼
0.2 ▼
5
Morgan Stanley 117,209.1
36.0
86,915.8
17.4
25.9
12.6
247,790.6
119,965.0
12.7
14 9.6
-6.2 0.3
0.1
-15 Bank of America Merrill Lynch
55,351.8
9
10
▼
▼ 34
-19.6
7.9
3.9
68,972.4 ▼
▲
-7
▲
139.1
0.2
57.4
82.1
▼
▲
▲
1.3
34.8
0.1
1.0
0.6
1.1
0.8
1.5
0.3
0.8
0.8
1.4
17.5
▼
1.686.0
2.0
2.6
▲
59.7
43.4
44.8 0.0
▼
0.1
1.1
0.3
▲
▼
17
-
20PricewaterhouseCoopers
Puhl GmbH & Co KG
Macquarie Group
1.9
1.9
23
22
▼
▼
24*
24*
0.1
▼4▼
10
0.6
+2
-11
0.1
0.2 -26
0.1
-15
8 380
-5
0.1
▼
145
-5
0.1
0.0
-7
12
18,221.2 2.7
3.5
27,141.9
24,054.016
3.121,204.063
35
31
100 0
10,499.4
-
30
14,404.5
10,020.2
11,056.3
-4.0
9,461.4
1.38,774.7
688 114 7
-10.0
Centerview Partners LLC 25 18 8,773.0 1.3
UBS Perella Weinberg Partners LP
Fees
+5
-3
24*
18
31 -0.3 ▼1.4 0.2
1.5 ▼
UniCredit 1.44225 8,270.1
73.4
135.5
86.0
-
▲ Kempen and Co NV
▼
▼
▼ ▼
213.4
* tie
Industry % Change from Last Quarter ▲
0.4
24Nomura
23
▲
2.1
1.6
322.6
368.5
199.7▲
3.2168.0
-
▼ 10.8
▼
6.2
Advisor
Sh (%)# of Deals
567.6-7
-4
34.8
106.7
59.7
11.4
13.5
0.3
+1
-5
1
-8
76
-1544
0.6
1.318
2.3
4.0
3.4
14
18,292.6
30,516.2
78
25
12
6.0
0.2
31
3.1
5.7
5.9
3.5
19
30,831.8
6 42,832.6
38,247.3
10.2
▲
▲
2.935
▲7.4
▼
52,459.114
26
Credit Suisse 11
55,351.8
▼
41.7
13.9
Any European Involvement Announced (AD21)
28.5 0.6
9
0.1
0.3
▲ Evercore Partners
68,400.0
13▼
Barclays
7
Rothschild
106,136.3
▼ 5
11
4
▼
73,822.58
-1
Deutsche Bank▼
5 2▼
▼
69,775.6 11.6
83,673.6
▲
▼-9.7
-12.9 ▼
11.4
171,717.7
3
▼
5 6
▲
4
Goldman Sachs & Co
4 -3.2
11.9
6.4
41.1
81,009.7
Morgan Stanley
▲
22.8
2014
Rank
1
247,790.6
Market
US$m
251,300.0
2015
Rank
7
93.8%
267,459.9
2
▲
Share Ch.
Rank Value
▲
1
9.8%
JP Morgan
Industry Total
Financial Advisor
Citi
Societe Generale
Greenhill & Co, LLC
BNP Paribas SA
Zaoui & Co
Moelis & Co
Barclays
HSBC Holdings PLC
Macquarie Group
Mediobanca
10
Lazard 8
12
17
15
2.5
2.714,077.7
22 8,774.7 1.5 270.1
1.6
Jefferies LLC
18
24* 193 10,431.4
12,081.0
30
Industry Total
PricewaterhouseCoopers
21
Ernst & Young LLP
5.8%
25
11
10
5
7
9
100.0
-3.8%
25
115,440.5
121,224.9
▲
43.6225,260.3
Rank Value
16,290.5
13,062.1
-10.2
19
100.0516,771.6
2.9
6,846
Sh (%)
17,607.8
2.3
-
23
1.9
-1.8
3.229
2.010,431.4
17
14,970.9
-0.1%
Puhl GmbH & Co KG
▼0.2
-2
-5
-7
+1
Industry Total 7,796
9.9
SEB
19
0.0
0.5
10,499.4
602,372.7
38.3%
26
8
17
35
123▼
25
-10.0
▼
-10.6
▼
▼
▼
0.4
▼ 67
0.1
3
26
1.6
-13.0
36
-1
-24
10
7.0%
▼
47.6
Any European Involvement Completed (AF3)
-4.6%
▼
Industry Total
-28.7% ▼
543,971.4 5,451.3
▲
Market
Imputed Fees (US$m)
100.0
▲
▲
▲
0.6
0.3
0.6
17.1 0.20.3
▼
▼
0.8
238.5
50.1
44.8
1.1
0.7
▲
0.2
0.578.7
▲
▼
▼
2.0 0.4
0.9
0.8
2.6 0.7
1.0
4.6
4.1 0.2
0.1
▲2.8
1.0
▼
Share Ch.
2.1
0.4
Market
▼
7.0
0.2
3.8 ▲
3.5
Jan 1 – June 30
▲
▲
0.2-4
-5.2%▼ ▼
▼
6,466
-3.9%
▼ -17.1%
▲
-28.3%▼
0.317
69
1
1
1.1
4
0
+8
0.3
0.5
-18
-5
6
0.3
0.9
1.6
0.7
20
+1
0.8
+2
0.5
0.1
0.1
+2
-8
-1.2
26.4
70
31
61
23.8
▼
4.8
▼
▼
14.3
22.7
20.5
22.3
7.4
122,944.9
-14.6
Market
▲
136,259.2
US$m
Market
0.1
0.640
-14.1
13.0
0.3
▼
104
▲
▲
19
Market
Share Ch.
▲
56
Deals
# of
▲
9
12.8
23.5
-19.1
9
▲
38
▲
▲
2.0
-0.5
117,209.1
8.3
2.0
10.7
7.9
1.4
13.2
0.8
▲
100
▲
61▼
49
▼
4
33
43
▲
0.1
17
33
1.5
0.9
2.0 ▲
▲
-20.3
-22.0
8.9
▲
▼
0.4
▼
▼
▲
▲
▲
+1
0.0 ▼
Sh (%)
0.6 ▼
▼
▲
▲
+2
▼
-1
0.9
-51
1.1
-269
Change in
5.9%
-14.0%
107.3
▼
▼
▼
-12
-13
12
3
3
6
▲
▼
21
1.0
0.0
-22
62
0.7
0.3
2014
Rank
1
+6
-18
2015
Rank
▲
# of Deals Financial Advisor
2
-1 ▼
Nomura
JP Morgan
Citi
Goldman Sachs & Co
15
Zaoui & Co
Morgan Stanley
16
▼
Lazard
22
1
4
13
Macquarie Group
17
RBC Capital Markets
-5
0.0
UBS
10
▼
▲
▼
BNP Paribas SA
HSBC Holdings PLC▼
55
0.8
19
-9
0.3
+1
0.9
-7
65
4.9%
-17
-5
31
-18
▼
-9
0.4
46
▲
-1.7%
# of
▼
Jan 1 – June 30
Deals
8,380 -145
0.8
Change in
▲
Sh (%)
0.1
▲
▼
5.7%
0.8
0.0 -
▲
1.3
▼
7.8 ▲
0.9
▼0.10.1
43.4
.2
▲0.41.0
▼
▲
0.8
▼
0.7 ▲
1.5
0.2
▲
▲
-8
▼
1.4
0.9
-3
20,450.2
▼
▲
0
0.5
184.2
-53
-2
15 9,461.4
22
2.4
1.7
10
+7
21
100.0 -265 5,239.8 100.0
0.2
0.2
-15
-159
20
0.0
53.9+4
▼
▼
4.0 -6.6
5.4
▼
▼
13,994.6
3.1
27,141.9
-8.2
7.6
7.5
6.8 -2.4
-8.3
▲
20
▼
▼
1.3
8,773.0
21,204.0
8,405.7
44
2.3
1.9%
24,054.0
▲
▲
32,421.8
63
18,221.2 3.0
18
14
38
14 4.5
16
150.8
▲
-1.0
16
21
4
0.3
Market
-4.0
11
3.4%
14,404.5
3.5
16
100.0
59,549.8
3
-8.8
12
41,205.3
45,346.7
45,620.8
9
44.4
Sh (%)
688,114.7
Market
▲
Credit Suisse
Deutsche Bank
6
13
Robey Warshaw LLP
Rothschild
68,544.8
1.2
▲
24▲
110.3
30
t e
Visit http://dmi.thomsonreuters.com to view archives and order custom League Tables
10

Barclays Credit Suisse
Evercore Partners
40
5.7
11,637.1
3Morgan Stanley
73,134.9
16
1
Goldman Sachs & Co 2 5
3
Financial Advisor
Market
Sh (%) US$m
45,288.9
23,101.6
51,260.94
41.6
▼
JP Morgan
Citi 12
Barclays
15
9
28* 11,871.5
8,709.7 4.7
2.0
▼
25
4,815.3
1.6 ▲
▲
Market
30
+1
Santander
▲
1
+1
0.3
1.2
-4
10
0.2
Macquarie Group
-2
Stifel/KBW
BNP Paribas SA
+1 ▲
36,585.9
24.845,896.3
24.5
39.5
▲+2
4.4
1
▲
Jan 1 – June 30
Market
▲
0.1
1.3
1.5
▲
1.2
1.8
▲
▲
0.5
0.6
▲
▲
0.8
0.6
2.0
0.1
1.1
▲
▲
0.4
15.9
10.9
0.0▲ 5
1 602
64,588.8 34.9
19.8
12.5
14,819.0
3.4
12.6
2.7
6.8
7.0
0.2 ▲
33
# of Deals
▼
36
23
0.2 +9
▼
2015
RankFinancial Advisor
Rank Value2015
Rank
2014
Rank
Sh (%)
# ofMarket Market
76,968.9
Sh (%)
▲ 0.2
DealsShare Ch.
MarketRank Value
Any UK Involvement Completed (AF39)
EMEA Rankings
39.6
-22.9
27.7
5.2
0.223
▲
0.0
0.1
7.8
5.5
0.2-35.9
-32.8
0.2
3.4
24
23.1
3▲
▲
▼
-39.2
▲
12.5
4.4
16.6
▲
▼
-1
0.1
+80.1
23
15 0.1
+120.347
0.1
0.0
+3
+3
-3
0
-2
0.1
-2
▲+8
+17
▲
+7
▲
▲
+2 ▲
0.3
▲
▼
0.5
41.4 2.1
34.8
+5
0.6
67
18.6
7.4
▼ 38.3
100 0
25
-
Ernst & Young LLP
Jefferies LLC
▲
▲
1 938
▼
▼
▲
▲
# of
24
0.1
0.6
4 +3
6
Deals
1.1
Sh (%) # of Deals
+7
0.3
Change in
0.1
-3
21
▼
▼
▼
0.1
-1
+1
▼
0.1 ▲
0.2
0.1
▲
0.1
▼
0.1▲
▲
▼
▼
1.3
▲1.5
▲
▲ 1.0
▼
▲
0.3
1.6
▼
0.8
▼
0.2
0.3
▲0.5
0.1 ▲
1.3 ▼
▼
3.0
1.2
2.4
1.8
1.3
6.3
▲3.6
3.5
0.0 ▼
1.1
1.4
1.2
6.9
▼
▲1.6
▲8.3
203.4 5.0
Jan 1 – June 30
Share Ch.
4.1
Imputed Fees (US$m)
Market
▲
3
69.1
Change in
69.7
135.3+3
▲
▲
+6
Advisor
80.6
31.5
▲
37.8
12.5
-
▼
▼
▲
▼
23.4
24.8
46.4
59.1
2.2
29.5
122.7
162.2
10.4
0.6
-6
9.9
-2
2.2
1 959 1
6.7
-0
▲
100 0
2.0
26
Scotiabank
6,190.1
10,227.4 5.5
17
7,222.6
2.1
Industry Total
10,415.7
4.7
13
21
9,659.0
20
7
Deutsche Bank
Rothschild
20
24
8
19
22
Robey Warshaw LLP
15
5
6
18
18
-
11
-
14
23
2
2014
Rank Share Ch.Sh (%)Fees
128,292.6
US$m
102,040.0
24,512.2
Any UK Involvement Announced (AD32)
-3.4
0.3
22
1.8
1.8
11
3
2
1.61.6
254 115 5
Nomura
Qatalyst Partners 22*
170*UniCredit
Industry Total
24
Oakley Capital Ltd
Credit Suisse
15
13
14
5
18,067.5
12
Macquarie Group 14,394.2
Greenhill & Co, LLC
Citi 18,987.3
40
32
166
22*
-
▼
3.1
5.0
-1.5
18
13,627.914
17
▼
22 2.6
Union Square Advisors LLC
RBC Capital Markets
Lazard 16
83
7
19
16 7,786.1
12,769.9
5,193.6
21
5.4
20 2.0
6,627.3
2.0
18*
4,674.0
1.927
11.8
4,942.9 -3.7
-
2
▼
1.8
▲
▲1.6
▲
4,174.3
4,130.5
100 0
Market
2.7
1
▲
7.1
-16.1
4.7
14.8 ▲
▲
-14.7
-
1.6
38
9
6
31
▼
49.0Goldman Sachs & Co
HSBC Holdings PLC
124,431.51
2
8
2
Morgan Stanley 4
Rothschild
51
3
Moelis & Co 11
Robey Warshaw LLP
Deutsche Bank
10
JP Morgan
UBS
7
16.3
8
113,500.3
4
44.7
6
11
27,224.0
16.3
11.6
-9.6
-4.2
37
29,552.9
0.0
▲
-324
2.0 ▲
5
+8
24.612
+4
0.9
25.2
▲
1.2
81,009.7 31.9
40.2
50.5
13.935,432.8
▲
+1
▼
▼-5
▲
▼-1
▼
▲
Zaoui & Co 9
0
0.11
Lazard
-
53
0.6
18
-7
9.7
26,960.1
0.815▼
10.7
1110.6
11
9 13
21,028.1
23,243.7
▼ --5
0.4
0.6
20,478.110
10.619,677.5
9.511.1
11 -49.367 UBS-3 ▼
4Bank of America Merrill Lynch-1
12
1312 -55.08.1
6
▼
▲8.0
▼
1.1
▲
▼
14,438.2+8
RBC Capital Markets
15,044.1
31
14
17
19
Nomura 14
+7
▲ 10
5 14,064.6-2
7.8
0.7
0.9
HSBC Holdings PLC
13
138*
13
5.2 ▲
6.4
8
4▲
▲7.6
6.3
0.0
5.6
▲
+3
▲ 0.1
+820
+8
0.1
+1
0.1
0.0
11
1
▲ -1911
0.2
3.4
2
7
0.1▲
▼-0.1
0.0
▲
▲
34
3,792.3
185 037 8
3,674.8
3.9
7.5 ▼
9.7
7.7
-4.2
5.8 ▲
▲
1.8
-0.5
▲
4,674.0
5.7
8.3
0.0
* tie
Lazard Societe Generale
Natixis
-2
▲
109*
3,316.7
11
3,959.7
25,504.0
7
10
US$m
▼
Market
Share Ch.
3 8
13,596.8
4,456.6
27,051.6
33.6
▲
-3
0.1
0.1
-17
+1
2
▲
▼
0.1
0.6
+2
-3
9
0.2
0.5
2
0.1
2
1
▲
▼
▼
0
+3
▲
▼-1
0.1
▼
-11.4%
-2
-2
29,334.3 ▼
Sh (%)
Change in
US$m
Jan 1 – June 30
-30
9
2
▲80.3% ▲
1 16
2015
Rank # of Deals
7.6
55.8
-
▲
9.5
6.8
+1 78.2▲
0
▼
5.9
36.7
0.2
2.4
▲
▼
35.3
▼
▲
48.7
62.9
22.0
▼
30.6
5.7
3.7
0.7
16.2
▲
▼
2.7
4.3
824.7
1.4
0.0
▼
2.0
4.6
2.6
▼
▲
1.211.8-
▲
0.9
0.5
9.9
7.0
0.0
▼
▼
▲
22.6
.0▲
13.5
3.7
1.4
▼
▼
11.5
+4
+1 ▲
0.3
0.3
-
-
Barber Hauler Capital Advisers
Bucephale Finance
▲
0.1
0.4
2,253.2
3.1
3.1
-
▲
100.0
-28.2%
11.8
-0.0 0.0
▲
-19
+6
0
2,501.0
▲
+168
1.1
+30.2
0.8
0.1
0.1
0.3
▼
-5 15▼ Natixis 17
Messier & Associes
1.7
1
▲
Citi
▲
5.4
▲
22
2
4.6
▲
18
▲
▲
0.8
0.1
0.3
37 2.6
0.3
# of
▼-4.0%
1,602
▼
Jan 1 – June 30
Market
+1
1
Rank Value
100.0
6.4
Evercore Partners
▲
-5
Industrial & Comm Bank China
-20.5%146.0%Industry % Change from Last Quarter
* tie
▲ 3.2% ▲ ▼ ▼-4.5%
4▼
11.9%
-1893.0
Industry Total +135
24
1,583
▼
100.0 1,429
4 ▲
0.1
1.0
-1
826.6
1
▲ 1 0.1
0.1
1,428.2
+1
0.9
1,428.2
-1.6 ▼
1.1981.6
1.1
0.3
1,643.6
-18.6
8,239.9
8.4
6.0
1,806.1
-23.2
8.4
-26.1
7,369.6
9,235.0
2.0
5,277.5
2.1
2.0
7.7
-55.1
1,779.5
12*
▼
▼
-31.66
14,498.8
11.7
10.5
-32.2
-46.1
Zaoui & Co
31.4
24,163.8
26.0 -29.0
16.5
27.5
22,882.7BNP Paribas SA
-16.8
-4.6
▼
-67
100.0
2015
Rank Deals Fees
BNP Paribas SA-5
Financial Advisor
2.1Morgan Stanley
6▼
24,469.6
12.1
4,625.2
9,917.9
14,077.4
18.7
13.6
8,779.6
19.3
Deutsche Bank
21,969.6 30.2
9 61*
5
4
Rothschild 10
4
1.4 -4
0
▼
7
9
8.4
▼-53.3
8.5
9.4
8.4
Citi
12*
7.6 -36.1
14 8
7,369.6
7,344.4
6,634.4
8.4
Barclays
Goodbody Stockbrokers
15
-
4
716
13
Societe Generale
Credit Agricole CIB
-19Cushman & Wakefield Inc
1.6
1.1
1.6
Jefferies LLC
20
1.9
-
24
21*
74
31*
39*
17
23Mediobanca
21*
23
25
Guotai Junan Securities
RBC Capital Markets
87,863.5
▼
38
10
21,154.0
18.9
5 24.1
6 16,624.8
127
1
6,742.2
Rothschild
Credit Suisse
11
18
UBS
17
9
Davy
HSBC Holdings PLC
Deutsche Bank
10,311.6
-
11
7,493.810
15
▲
0.3
▼
▼
17
▲
▼
1
▲
13
-34.7
1.6
▼
-21.4
▼
▲
1
4▼
2
▼
16
▲
▲
▲
# of
1,938
7
4
Sh (%)
0.4
0.3
▼
1.3
0.6
Market
-9
0.1 ▼-3
-
▼-14
3.5
-1
0.4
▼
# of Deals
0.6
▼
▲
-7
▲
▲+1
+1
Barclays
-3 -
2,007.1
2.0
Guotai Junan Securities
Industry Total
Industry % Change from Same Period Last Year 20.8%
2,232.5
2.9
2.8
21
1,454.7
2.0
6.1
-
2,933.7
6.0 ▲
5
4.4
0.1
1.3
13.5
-15.1
1.31.5
-8
+4
10
+1▲
12
2
-1
22.5
14.4
▲
22.0 ▲
-7
-4
▲ 0.7
Share Ch.
2.5 ▲
-1▲
+1
18
0.69
1.3
▼
4.6
4.5
1.3
0.6
-13
69.8 8.5 ▲
23.9%
Advisor
Imputed Fees (US$m)
Market
▲
▼
Sh (%)
1,959.1
Change in
▼
▼
▲
1.3
0.9
0.8
2.3
▲
▲0.6
0.3 ▼
1.5
▲0.40.6
▲
▲
0.6
2.7
▲
1.4
▼
0.1
1.4
▲
▲
0.3
1.2
▼
0.5
2.5
0.6
1.0
▲
-
0.1
4.5 0.5
▲
▲0.20.2
▲
1.4
1.6
▲
HSBC Holdings PLC
1,428.2
▼
125
▼
▼
+1
72,802.6
3.1
-3.4
-24.5
3.9
▼
18
829.4
▲
▼
2
1.0
4
19
1
35.0
-21.4%
31,285.3
Sh (%)
43.0
▼
29,053.3
100.0
Market
37.2
39.9
-0.2
Industry Total
-14.5
▲
-28.7 ▼
7
▼
▼ 2
Market
▼ 9
55
9
▼
JP Morgan
▼
12
Blackstone Group LP
▼
Credit Agricole CIB
Credit Suisse
11
8
-5
1
0.1
+9
0.6 -1
Sycomore Corporate Finance SAS
Itau Unibanco
▼
▲ 19
18
▼
▼
2.2
21
3.4
7
2.0
-13.9
2,085.0
17
3.9
2.7
2,810.8
2.9
4 5 21
▼
1.2%
14
10.0
Deals
33.4
-1.5%
10
1
Market
7
5
22
3
254,115.5
45.4%
3
Share Ch.
27,585.7
Rank Value
Any French Involvement Announced (AD33)
-37.9%
0.3
-13
Goldman Sachs & Co
Morgan Stanley
2
Industry Total
Financial Advisor
JP Morgan
2014
Rank
▲
100.0
1
0.4
1.0
0.1
23
Mediobanca 20
6
15
Lazard
31*
16
22
3
65
14
5
4.0
2,488.8
-2.9
-18.3%
-11.5%
185,037.8
-16.1%
Any French Involvement Completed (AF40)
2014
Rank Sh (%)
3
2
3.4
2.6
13
-2.7
47
37
4.43,215.0
6
0.4
10.4%
Market
11

PricewaterhouseCoopers Bank of America Merrill Lynch
100.035,527.2
Change in
▼
▼
# of Deals
▼
Market
Sh (%)
0.7
Share Ch.
1.3
17.0
Advisor
▼ 4.6 0.9
Imputed Fees (US$m)
3.6
Market
Sh (%)
▲
▼
54.4
0.2
▲6.4
-3
▼
-1
1
0
0.7 -0
0.4
1.5
-8
4
0.9
6.3
4 ▲
▲
▼
▼
34.4
▲
6.725.1
2.8
▲
▲
▲
5.1
5.5
▲3.8
1.4
3.8
EMEA Rankings
Fees
Market
Jan 1 – June 30
3.7
14.6
9.2
5.4 1.4
13.7
13.6
0.7
0.7
▲
▼
4.9
▲
2.4
1.4
1.3
▲
0.3
▲
0.3
0.1
1.0
0.70.4
▼
▼
▼1.6
0.6
▲
▼
0.6
100.0
0.9
▼-1
5.8
▼ 1.2
-22 374.1
2.1
3,149.1
3.6
3.2
-2
4.1
14.3
+1▼
▲
-2
+1
▲
3
▼
▼
▲
9
8.3 5.7
5
3,881.2
2,486.9 7.0
11.4
-3.8
10.9
3
-9.5
12.1
2,748.6
4
29
▲
36.0
2,940.3
3
-3.3
4,293.2
▲
▼
40.5
9.8
12,797.7
36.715,910.6
Rank Value
Sh (%)
14,373.3 20.6
44.8
57.7
Market
▲
2
▼
2014
RankSh (%)
6.6
27
16
▼
▲
▲
03
28
0.6
2,883.8
▼
4.8
5.6
-1
Goldman Sachs & Co
5,833.3
0.8
# of
5,683.2
2▼
# of Deals
Change in
15
▼
Morgan Stanley
▼
14
N+1 12-
▲775.1 0.6
1,348.0 3.1
HSBC Holdings PLC
Barclays
15*
775.1 -2
Evercore Partners 17 -
115*
1.7
Santander
-2
Deloitte
31
606.2
1.8
0.6
-2
9
1.7
11
12
13
BBVA
28
Societe Generale
6
8.3
1.8
21.9Morgan Stanley
Mediobanca
14
Nomura
Deloitte 9
10
Market
0.65.5
10.5
-12
+5
9 1.8
Deals
3
Sh (%) Deals
UBS
Rank Value per Advisor (US$m)# of Deals per Advisor # of Deals per Advisor
Share Ch.
22.0
Financial Advisor
Any Spanish Involvement Announced (AD34)
US$m
Market
2
-3
HSBC Holdings PLC
19,605.4
2015
Rank
Moelis & Co
41
6
4
7
Citi
Goldman Sachs & Co
15
5 3 20.1
4,436.6
4,634.8
8 9,627.4
7,936.7
5,565.3
Rothschild
8,844.4
2,920.0
17
Lazard
-0.8
12.6
8
▼0.2
▼
▲
-10
+3
-1
▼
+1
+1
30
▲
0.2
0.6
0.2
4.8 -8
▲
0.21
3
21
▼3.0
BBVA
0.4
19*
6
3
0.2
1
-4.6
1
1
24
1.6 +1
+2
504
-11
0.2
1.2
18.0
-19.2
37.1 34.9
-5.3
4
1
13▼
▼
▲
34.9 ▲34.9
26
Rank Value2014
Rank
16,318.3
15,381.2
9
1.0
Share Ch.
Market
▲
▲
▲
Jan 1 – June 30
5.2
23
-
34
+3
7▼
736.0
Industry Total
24
25
Raymond James Financial Inc
BNP Paribas SA
100 044 027 1
142.8
Industry Total
0.3Blackstone Group LP
19
0.9
1.418
Valence Group 22 162.4
Santander
KPMG
1
21
2.1
19
2,121.5
▲
-22.3
0.3
-
401.3 0.9
▼
▼
768.3 ▲
-41.5
1.8
0.2
938.8
-1.9
▼
▼
▼
▼
-18.8
-25.7
-0.4
▼
▲
▼11
-10.5
10.1
UBS
▲
+7
Evercore Partners15
13*
6.6
1
4,060.8
1
9
30
25
8
5
20,511.1
JP Morgan
-6
16.4
16.0
4Deutsche Bank
▲ 11
4
Financial Advisor
2
2
17
2015
Rank
3
3
Macquarie Group
5
6
10
-6
-
10.3
Any Spanish Involvement Completed (AF41)
0.2
▲
44.5 1
+1
Citi
▼
11Rothschild
2.6
13
Nomura
▲
8
0.2 ▲
2.2
2.112
10.9
8.9
Mediobanca
1,131.0
▼
▲
3.7
7.3
0.9
0.9
▲
0.7
▲
2.2
2.2
6.5
1.3
1 0.2
-11
-2
-3.3
-5.9
775.1
10.4
7.7
1
6
+3
744.6
1.2
▲
US$m
Market
-4
16
21
▲
▼
19* 19
29
▲
0.6
5.4
2.2
▼
775.1
22
16
Ernst & Young LLP
+3
+3
▲
▲9.0 2.4
3.8
▲
3.5
1.3
14.2
4.2
# of
7
▲+3
2.00.7
0.9
0.7
0.7
1.7 ▲
+1
0.4
9.5
3.5
18.2
13.1
2.0
▲
2.6
▲
8
3
7.3
6.5
▲
5.0
14.26
▲
0
▲
10▼
3
4
0.9-
1.3+4
1.4
3.2
+3
4-
1,921.9
775.2
2,307.2 0.9
▼
-13.6
1,608.3
18
17
-2.3 ▼
4.5
6
-0.2
20
2.2
26
21
0.9
-
23
190.613* 0.4
396.3
Lazard
+1
0.21 ▲
▲
+1
0.4
+10.2 ▲
▲Cushman & Wakefield Inc
▼
20
0.40.4
-13.2
0.284.2-
-
AZ Capital
▼
0.2
458
10
▼
1.15
-18
1
58.3 -30.20.1 2
0.2
▼7 ▼-8
▲
Ernst & Young LLP Credit Suisse
Aon Corp
5
21
22
13
8
-
10,431.4
0.4
33
2,661.6
▲
0
16
+2
0.3
0.5
+80.9
+1
▲
15
Houlihan Lokey
4 0.4
0.1
▲ 14 6,150.1
Zaoui & Co
▼
-
Share Ch.
# of
Deals
Any German Involvement Completed (AF42)
934,538.8
Rank Value
-0.0
211.6%
Market
▲1.1%Industry % Change from Same Period Last Year
Jan 1 – June 30
Share Ch.
▲
▼0.4
Imputed Fees (US$m)
7.4
Sh (%)
MarketMarket
3.9
2.1
▲
▲
▲
8.5
5.9
▲
4.2
2.8
1.2
58.3+1
▲
2.0
0.4 ▼
▲
▲0.2
2.3
-6
118.1%
Fees
Advisor
12.4%
▼
88.5
3.8
▲
▼
▲-4.6% ▼
10
▼
17
10
15
11
53
9
10
BNP Paribas SA
0.5
-9
11*
▲
▲
1
0.3
+4
-2
4
▲
5
2
0.2
3
Evercore Partners
Barclays
17*
-
0.2 -4
▲
Macquarie Group
+3
▲
+1
Industry Total
+1
▲+2
▲
▲
Nomura
▲
Sumitomo Mitsui Finl Grp Inc
2.4
81,803.2
25
48* 1,201.8
1,157.8▲0.5
▲ 1,144.3
16*0.1
▲1
▲
-8
+1
24
-0.9%
▼
▼1.0
▲
▲
0.2
0.3
▼
▼
▲0.2
0.4
8.9
0.4
2.7
▲
0.1
0.4
0.2
▲
▼
0.2
▼
0.6
0.4
100.0
3.5
786.6
5.1
-2
6.2%
-37.2%
32.5%
Industry % Change from Last Quarter ▼
▼-50.0%
-35.3%
-1
101.0
▲▼
1,095
2
1
▼-0.7%
4
1.8
# of
-17.0 4
Sh (%)
▼
Market
Share Ch.
6
6
1.8
7
0.78
0.6
6
1
2
1.4
UBS
-14
-6
▼
1.6
▼
8
Kempen and Co NV
-30
▲
504
▼-5.6%
10.6
Jan 1 – June 30
-1 ▼
▼
1,038.5
3,134.5
▲
4.9%
1.3
63
2.1
7.3
1,985.6
-
1,188.9
22
566.415
7.3
Guggenheim Securities LLC 21
160.3
Industry Total
Deloitte
▲
CBRE Holding SAS 226.523
22
CBRE Holding SAS
243.6
--Qatalyst Partners
42,883.0
79.5%
243.6
65* 0.5
-25
220.124
0.6
0.4
-8
0.5
-9.4
490.1
▼
280.0
1.6
▲
19
20
0.7
▼
-20.3
-
▼
-18.3
Mid-Capital 18 669.0
Altium Capital Limited
Sumitomo Mitsui Finl Grp Inc 16
15Nomura
-
65*
Gaw Capital Partners
Mediobanca
+1
Barclays 17
-
11 727.0
893.0
2.8Mizuho Financial Group
UBS
14
65*
▼
9.5
4.9
2.4
0.1
2.8
▲
0.21.30.1
▲
+1 ▲
22.3
10.0
3,894.18
4,291.7
▲
2.8
0.2 ▲
0.8
2.8
-31.0 ▼
Lazard
6
4,857.8
▼Bank of America Merrill Lynch
▲
146
Citi
4.6
9.1
12 4,124.37
Rothschild 79
8
7.55
7.3
13
3
Goldman Sachs & Co 11 -20.3
1.7
5.6
-24.9
2.4
10
12
16
3,192.9
7.63,236.3
-24.9 ▼1.1
▼
0.5
0.4
Greenhill & Co, LLC0.1
0.1
▲
0.5
Market
0.7▼
▼-3
# of DealsDeals
-13.5 ▼
▲
-3.0
Financial Advisor
17*
▲
Rothschild
11*
22.1
17.2
3,112.9
12.8
15.9
5,253.6
Change in
-9 2
1 2
-4
Puhl GmbH & Co KG
-8
▼
0.3
0.1
14,088.1
13,033.1
JP Morgan
20.2
▼
▲
▲
12.8
▼
12.8
Augusta & Co PLC
1.4
1.1
895
▼
▼
6
16,481.7▼
▼
5 0
8
▲
0.5
13
-1
-
Morgan Stanley
-1 20
6
7
158.8 -18.3
4,563.6
-9.4
9.6
3,773.3
5.6
10.6
0.5
Credit Suisse
2Deutsche Bank
5
11,178.9
22.7
5,120.1
4
3 11.9UniCredit
2
20
9,719.9
1
Financial Advisor
JP Morgan
Sh (%)
Morgan Stanley 1 11.3
100.044,027.1
Rank Value
▼
Any German Involvement Announced (AD35)
▼
2015
Rank
Market
26.1
2014
Rank US$m
-0.1%
4
Industry Total
▼
▼
3.0
1.7
▼
▲
+3
-1
+1
+1
+4
1.9
-21
0.1
▼ 3.2
3.2
2.1
64.0
1.0
8.1
25.4
11.3
42.7
25.0
3.3
1.7
31.0
0.4
20.9
0.2
5.4
1.7
13.7
0.8
4.7
1.7 0.2
1.9
0.6
0.6
0.4
-4
16.3
-2
▲
-2
-1
▼
▼
▼
-1
46.7
66.7
▼
-2 7.8▼
+5
+2
-6
+2
▲
▲
▼
▲
11
1.5
▼
▲
▼
▲
0.4
Market
# of Deals
Change in
-00.7
0.9
1.4
2014
Rank
27
2,661.6
▼
▼
Bain & Co
46,855.2
US$m
42.2
Deutsche Bank
Sh (%)
2015
Rank
57.3
Citi
Goldman Sachs & Co
19
5
1
3
4Lazard
4
22.1
4.6
20,242.6
▲
▲22,164.0
3.5
3
▼
30.1
23.8
18,672.7
27.1
▲
-6.622.8
19,486.0
24.8
24,612.1
▼
12.8
-2.5
6
▲
1
1
▲
15.6
▲
29
23
▲ 31
Jefferies LLC 25
3
0.2
+1
0.1
▼
▲
3.3
0.4▲
+1 -19*
19*
3,112.9
▲
0.7
▲
9.5
3,495.9
-
3.8
7.5
6.4
7,730.2
1
4.3
2
4
4
1.0
-2.1
-5.7
▲
3.8
3.3 3.3
▲1.7
1.5
1.7
1.3
▼
5
-
10,431.4
1,389.5
▲
1,409.0 1.7
3.3
3
▲
▼-5.0
-2.0
1
▼
-2.1
▼
▲
▲
1
3
14.8▲
2 0.2
0.3
0.6
1
▼-19.2%
-2.3%
100.0
▼
1
0.4
13
0.4
1.0
8
1.2
4
-14
1.1
1.3
6
12
0.1
1.5
4
10 -2
13
▲
Sh (%)
Market
0.7
0.4
12.7
4.8
7.5
3.6%
-1
▼
0.2
0.1
0.1
* tie
12

Banca IMI (Intesa Sanpaolo) Lazard
Credit Agricole CIB
2014
Rank
5
Equita SIM SpA
Sh (%)
Market
2.1
▲
# of Deals
▲
Change in
11
1.4
2.6
9
40.8
10
22
25
45
30.0
Rank Value
-9
Share Ch.Sh (%)
3*
+1
6.4+1
▲ 11 5,983.2 19.82
36.2
Citi
1
9
0.3
4
▲
29.8
2.0
3
0.8
▲
3
-
12.7 ▲
30.8
-11
-10
▼
▼1.6
0.3
-2
Fees
Any Italian Involvement Completed (AF43)
0.3
-3
MarketMarket
▲
30.0 28.4
-7
▲
30.0
-6.8
13.4
▲
-
▲
▲
▲
▼
# of
▲0.9
30.0
14
+5
5,832.3
▲ 15.9Goldman Sachs & Co 6
▼
▼
15
0
0.7
9
8
+2
0.9
1
7
+2
+2
+6
1.98
-1
0.7
5.3
5.3
1,495.6
922.7
4.71,870.6
+2439 847 6 100 0
-11.9
▼
▼
▼
▲
-11.5
3.8
▲
21.1
1.6
▲
▲0.8
5.3
-10.5
-2
4
▲
3.6
▼
▼ 1.0
0.7
3.3
10.6
▲
18
1.0
0.8
10.0 9.5
1.4▼
0.4
5
00.8
3
2.5
8.9
-8
▼
4.5
-6
1,692.6
4.0
3.6
▲
0.8
-3
▼
▼
-1
-5
8.3
2
6
35.2
-13.7 ▼
▼-25.4
2.7
4.9
8.7
2.1
▼
3
1
9.1
8.1
1.4
-7
1
427
▼
3.2
-8.4
▲
-5.8
30
783.8
527.7
3.2 9UniCredit 614.718 16
2.719UBS
Altium Capital Limited
1.9
25
21
2.3
▲
23
47*
24
160.4
Industry Total
370.4Lincoln International+2
▲
▼
▲
-24
+1
-32.1
▲
+1
1
2
▼
2.1
0.2
▲
▲
▲
0.2
9
9
3
0.5
▲ 3
8.8 ▲
▲
31.1 5
18.1
Share Ch.Sh (%)
13
6.7
10,499.4
20* -
UniCredit
18
16.5
31.6
2,095.3
2,001.6 5.0
6.5
2.311KPMG
-24Piper Jaffray Cos +1
▼
0.5
4.9
5.3
- 16.5
6.2
4.0
6,572.5
24
2,110.310
-0.8
3.8
22
25
23
Industry Total
Leonardo & Co
First Annapolis Capital
Boston Consulting Group
9
Credit Agricole CIB
-20*
HSBC Holdings PLC
7.5
8.3
5.4
2,095.3 5.3
23 5.5
Nomura
19
IMAP 2,199.5
18PricewaterhouseCoopers 2,133.4
17
19
11
2,472.216
2,979.715 32
21 3,323.4
7,337.8
Rothschild
13
JP Morgan
3
14
BDT & Co LLC
UBS
9 6*
10
6
12
7
12,461.1
8
49*
8 41
7,416.8
17,673.4
5
10,876.7
Credit Suisse
Morgan Stanley
2
Rank Value
▲1
Market2015
Rank
Market2014
Rank
19,130.9
Mediobanca
Goldman Sachs & Co
Financial Advisor
4
Lazard
Any Italian Involvement Announced (AD36)
Deutsche Bank
20
Citi
13,631.7
4
US$m
3 18,071.2
12,571.7
5
▲
▼
▲
18.6
17,457.8
12
2
1
0.9
0.2
2
4
3 0.7
Jan 1 – June 30
Barclays
▲
Financial Advisor
2015
Rank
10
2
0.8
Jan 1 – June 30
1 ▼
18,086.9
7,033.5 1.7
Deals
0.8
4
364
0.5
2.5
▲
8.2
1.2
+1
26.0
▼
8.3
4.1
+1
▼
259 9
2.0
1.0
0.4
▲
1.5
▲
0.1
8.1
▲
+20
1.1
100 0
6.7
-
▲
-
▼
0.5
▲0.3
+1
-11
0.3
-
▲
3.1
▼
2.7
6.2
0.4
▼
23.2
11.7
▼3.0
-
2.8
▲
2.6
2.3
▼1.0
▼
▲
0.9
▼
0.10.4
▲
1.2
3.3
3.4
8.5
0.8
4.3
.7
11.2
7.3
1.3
7.0
Sh (%)
Imputed Fees (US$m)
# of Deals
Advisor
3.3 ▼
4.3
0.6
▲
▼
3.2 2.1
16.1
Share Ch.
1
US$m Sh (%)
Market
1,765.6
12.0
+6
6
Market
1
Market
Deals
1.1
# of
5,832.3
11
+3
▲+9
3*
43.8 34.6
18.6
26.6
91.3
▲
▲
45.4
48.0
45.4
44.4
22.7
5.7
2.1
1.2
▲
Mediobanca
JP Morgan
▲
+3
2.1
▼
▼
4.5
▼
2.5
26.4 8.7 3.5
1.9
1.6
9
3
13
17
14
▼
1.4 ▼
4.9
-10
+10.5
866.5
623.6
15 ▲
1
5
2
1.4
+2
-7
▲
0.3
0.3
▼-4
453.0
19 438 4
225.6
▲
185.1
▲
164.2
5
1.2
0.8
697.0 2.5
20
54*
-
29
1.1
▲
+2
▲
100 0
Morgan Stanley
-6.4
2.9
-23.4
12
Ernst & Young LLP
Societe Generale 16
▲
7
7
2.3
1.9
Leonardo & Co 953.8
22BDO
▲
1,580.1
1,614.7
5,832.3
2.3
12
31.3
27.3
18.4 -8.8
+1
5.2
0.73
34.2
▲
3,092.6
EMEA Rankings
▼-17.7
▲2,336.7
2,601.8
Change in
Credit Suisse
Stifel/KBW
Rothschild
3*
▲
▲
-8
-3
▼
▲
▼ 54*
6
▲
▲
24
10
Deutsche Bank
HSBC Holdings PLC
23
9
▼
▼
52
KPMG▲
▲
-
8
15
2.2
5
2
8
1.4
▼
▼
0.8
+2
0.51.0
0.8
1.2
-8.5
-3.2
▼0.7
-1
+2
3.1
.3
1.1
0.1
1.20.7
▲
3
▲
-16
▼
▲
▲
Lazard PricewaterhouseCoopers
5
+1
3
-11
0.3
-15.3 ▼
0.7
15
31
0.5
0.3
3.9
3
0.8
2
5
▲
4.0
-8.3 0.5
▼
12
11.0
▼
▼
609
Morgan Stanley
11.0
5.6
0.4
▲
-
China International Capital Co 21
Clairfield International
Goldman Sachs & Co 12 1 1,904.2
8.9
M&A International
Catella AB
UBS
FTI Consulting Inc
Global M&A
22
23*
23*
27.9%
38,376.1
16
25
+4
▲
0.6720.9
-21
-
+3
0
0
▼
100.0
▲22.0%
Industry Total
-33.2%
▲
▼
1.9
▲
-172
-22.0%
▼
2
▲
0
-2
+1
-2.0
2.6
▲
▲
0.3
▲
2.3
0.3
2.3
1.9
2.2899.1 2.3
2.4
3
0.2
890.1 0.52.3
2.3 1
+1
▲ 0.2 2.2
▲ 2 9.3
+1
▲
▲
1,353.9 -0.3 8.81
▲
0.2 -5▼ ▼
9.7
2.7
4.5
▲
3.5
Carnegie 2.3
1,512.3-
19 15
1.0 ▲
0.5
7.1
▲0.8
16.1 2.1
0.9
13.2
1,496.5
▲3.9
▲
▲
▲0.3
3.9 +6
2
1,549.6 ▲+20.8
3.9
2.8 6
1,494.3
2.8
+4
-10
-17.4
▲
+3
-38.8 ▼
▼
3.8 ▲
14
▼
0.3
2
▲
0.7
0.5
▲
1.5
3
-12.1
1,001.9
3.5
901.6
30
1,359.5
36*
2.4
890.1
70*
-
▼
▲
Change in
+24
101.8% 6.0%
Market
39,847.6 100.0 427
2014
Rank Share Ch.
▲
Market
Industry Total
MarketMarket
FeesDeals
Change in2015
Rank
▼
Market
▲
▲
▲
Rank Value
14.6%-25.7%
▼
Nordea
Pangea Property Partners AB
▲
-3 ▼
0
Swedbank
+3
▲
Arctic Securities ASA
5
0.7
▼
-1
▲
+2
0.9
Lenner & Partners
Deloitte
0.2
20
9
13
-1
10
+7
0.3
▲
4.4
18 38
17
49
70*
14
6
3.9
1,685.9
16
70*
87
18.7
9.2
2
6,954.1
6
4
426.2
Nomura
▲
0.1
-
0.2
6
8
433.3
1.1
▲
0.3
-2
6
3
1.1
0.1
3
+4
-4
-2
▼
0.8
23.4%
-12.2% ▼
Industry % Change from Last Quarter0.9%
-26.5%
0.1
▼
0.2
32
-25.6%
100.0
-
57
1
1
477.0
US$m
32.3
-4.9
-14.5
20.6
17,727.8
Market
Financial Advisor
2015
Rank
Any Nordic Involvement Announced (AD37)
Industry Total
Share Ch.
# of
Jan 1 – June 30
Deals
32.3
37.9
Sh (%)
22.9 ▲
▲
41.6
▲
17.9
17.7
13,784.4
37.3
▼
7
-0.9
▲8
8,774.7
16.6
10 2,684.922
16.6
7,213.5
11
15.5
▼-20.72.4
▲
1.2 ▲
2.6
2.5
▲ 0.3
7 0.8
24 2.7
3
1
▼
▼
▲
-2
+1
-610
10
10
▲
+3
▲
0.1
1.0
1
▼
1.0
16.9
3
0.3
0.6
0.8
SEB 3
9,361.0
Sh (%)
1.0
1.1
▼
Lazard
2
0.7
Deutsche Bank5
▼
1.0
0.91.0
-0.6
▲
▲
-1.9
▼
▲
0.60.8
2
1.0
0.1
0.7
0.5
1.7
▼
2.7 ▲
1.2-2 6.1
100.0492.8
▼
▲14.4%
27.2
23.7
▲
▲
▲
▼-4
-1
-1
2.3
▲8.5
3.8
3
▲ 10.6
15.5
12.8
8.7 ▼
3.4
11.5
2.9
▲
2.6
1.3
0.1
1.7
▲
▼
0.2
3.3
16.7
0.3
0.3
5.5
▼
16.2
-
▲
▼
0.3 ▲
-4
21
▲
-2
+2
3.4
1.1
-7
02
▼
5
▼
18.1
4,210.8
2,250.0
2,573.9
2,768.3
3,432.2
17.6
-2
4
▼
13.4
4
US$m
▲
8,168.4
24
Financial AdvisorSh (%) # of Deals
▼24.4
-8.3%Industry % Change from Same Period Last Year
Citi 1
# of
364
Market
259.9
▼
+20
-17
7
0.5
22.0%
-29.6%
# of Deals
10.0
4.6
▲
100.0
Imputed Fees (US$m)
2.7
Sh (%)
0.3
1.1
2.0
1.9
▲
0.5
▲
▼
▲
0.1
▼0.1
▲
▲
0.81.4
▲
1.8
1.3
1.2
0.3
3.3
3.1
▲
11.1
0.1
1.8
0.1
▲
0.6
0.7
2.1
▼
Share Ch.
▲
1.8
▼
▼0.4
1.3
3.6
2.6
Market
2.022.7
Advisor
Jan 1 – June 30
▼
4▼
7,177.2 9
19,438.4
5.9
8
6.7
7.2
-18.2
3
▲
0.1
-3
▲
0.3
0.3
3Moelis & Co
-124
0
426.2
325.184*
316.1
42,645.8
25
24
Industry Total
ING
20* 84*
894
OXEYE Advisors B.V.
ABN AMRO Bank
CFI
Nomura
Kempen and Co NV
15
Mid-Capital
20*
20*
Rothschild
-
3
8
-
14
19
580.4
6,954.1 16.3
1.6
896.8 2.1
1,610.9
6.2
692.0
1,037.4
2014
Rank
7
-
3.8
1,051.6
35
33
62
16,179.2
15,913.5
1 6
6
5 2
42
1
Morgan Stanley
7
Deutsche Bank
1.4 1.4
3
JP Morgan
2,638.8
9
Catella AB
Nordea
Pangea Property Partners AB
426.2
69
19
37
426.2-
20*
SEB
Lenner & Partners
Deloitte
16
-
12
13
Mooreland Partners LLC 17
18
Goldman Sachs & Co
Zaoui & Co
7,077.7
7,063.442
Citi
4
5
Danske Bank
38
4.3
2.7
-4 ▼
▼
2.0
▼
78.3%
4
18.2
▼
21.3
Any Nordic Involvement Completed (AF44)
5.8%
6.0
4.36.3
1.1
▲
Sh (%)
Danske Bank
-
-1
5.0
1.6
6,988.3
11
2
22
1.0
▲
1.0
▲
▲
21.3
▲
15.9
100.0
3,539.8
-10.5
Rank Value
9
▼
61.7%
JP Morgan▼
39
-5
▼
▼
1
1
▼
5
▲
▲ +1
2
* tie
13

HSBC Holdings PLC Kempen and Co NV
11.7
-16.4
▲
▲
4
0.96
6.2 ▲
2,050.9
2.2
1.6
2.0
11
▼
-6.9
12
2.1
-0.6
1.4
5,522.4
▲
0.2
+8
▼
5.9
7.3
# of
10.9
1▲
▲
▼
14
Deals
▲
▲
Share Ch.
7
4.2 -1
+5
1
0.2
+5
3
8
+2
0.2
14
+1
▲
13
13.5
0
▲
▲
11.6
8 ▼
-1.9
▲
21.3
▼
8.9
38.02
2015
Rank
1
Change in
+6
-3
▼-3
ING
Barclays
▲
14,046.4
10* 10,431.4
▼
Goldman Sachs & Co
▲ Morgan Stanley 2
12* 34
10,431.4 11.7
11.7-
▼
100 0
6.0
8.1Perella Weinberg Partners LP
14
2312*
-22.0 3.1▼
0.5
Banco BTG Pactual SA
▲
▲
+1
UBS
0.8
▼
0.1
▼▼
12.2
1,776.6
936 7 100 0129100 0
Societe Generale 2.0 -1▼▲ 14
2
652
2
13
▼-0.9
2.2
▲2.3
88 908 8
-4.7
▼ -5 ▼
▼0.2 0.7
0.4 ▲
0.2
1.3
0.2
0.2
13 2.02.3
2.0
0.3
2.2 -1.8
12
0.1
▼ 10.7 ▼
0.3
+1
0.2
-6 1.6
▼
▼
-11
0.5
0.8
3 -1
5 +1
1.8
13
12.9
12
9.2
26.9
20.3
33.4
21.4
15.8
31.8
33,790.0
28,270.3
23,871.1
2.1
US$m
Market
Imputed Fees (US$m)
Any Benelux Involvement Completed (AF47)
Change in
Sh (%)
▲
43,353.9 48.8
# of DealsSh (%)
Rank Value Market
1.8
68.5
92.9
▲
0.3
▲5.0
▼
1.7
9.9▲
Market
Financial Advisor
239
1.1
2
Any Benelux Involvement Announced (AD40)
JP Morgan
2015
Rank
106,664.3
21.8
▲
Rank Value
US$m
EMEA Rankings
Sh (%)
1427.7 +4
2014
Rank
Jan 1 – June 30
Market
61
3
3
67.6
Share Ch.
Market
▲
▲62.7
-4.4
67.7
▼
12.2
51.4
▼
54.9
16.8
-21.8
11.0
51.4
4.5
DealsSh (%)
9
Market
4.9
0.9
+1
-
▼
-32.0
0.1
0.8▼
Centerview Partners LLC0.4
+3
▼
0.5 ▲
57
15 -3
4
18
28
26
7,208.3
-20.0 1.2
179
60*
7,208.3
▼
-10.6
4.8
▼
Citi
8.1
7.36,506.1
4,219.6
24
20
16
17
-1.12.421
20
6
19
4,361.7
HSBC Holdings PLC
KPMG
2,158.8
2,713.2
2,056.910
1,965.0
RBC Capital Markets
24 21
23
22
8
Industry Total
25
Rabobank NV
▼
12 -13
-7
2 +2
-20.3
0.1
1.8
-5
1.8
4
+1
-9
▲
▲ 1
1.0
1.0
0.3▲
+1
+1
6
779157 648 4
1,508.2
14
▼
2
1.0 ▼
1
1,527.1
▼
▲
1,505.0
1.1
▲
2
▼
14
▲
▲
6.2 +1
-41.5
▼
▲
5,297.5 6.0
5,336.1
▲
0.2
▲
▲▲
1.4
2.7
0.1
▲
▼
-
0.7
▼
▲
1.7
▲
0.2
27.8
10.2
1
0.2
0.11.3
▲
1.6
0.6
0.1
13.2
1.7
-3
+1
-2
▲
▼
0.5
1
▲
+1 Puhl GmbH & Co KG
4.3
1
9
1.3
8 22.0
-2
0.3 Leonardo & Co
15
Jan 1 – June 30
-19,572.4
13 ▼▲
9
5Deutsche Bank
15
▲
1.9
1.2
7.3
Advisor
Fees Sh (%)
1.2
▼
▼
1.4
▼
▲
1.9
10.7
4.1
Market
78.8
3.4
▲
62.1 6.6
37.9
48.5
Share Ch.
▼
0.7
▼
▼
0.0
▼
28.0
25.0▲
1.0
15.5
2.7
-1
▲
-1
13.1 1.4
1.9
1.0
12.4
1.1
1.3
▼
-
▲
▲
▼
9.4
8.8
3.0
0.9
▼
▲
3.0 ▲
0.5
4.0
▼1.1
▼
8.4
Market
5.2
1.9
37.8 0.6
1
▼
Credit Suisse
▲
BNP Paribas SA
▲
12
10*
8
Rothschild
3
3
18,037.6
JP Morgan
6
19,047.7
9
44
29,735.3
1.8 ▲
0.9
▲ +1
7
▲
5
▼
0.1
▲
1.9
1.7
01.2
Lazard
+3
# of Deals
1.8
-
0.1
0.4
81,009.7
1
1.8
+1
▲
▲
+1
Lazard
8 11 7,083.2
19,272.3
Goldman Sachs & Co
86,566.9
2Bank of America Merrill Lynch
106,542.5
Morgan Stanley 4
98,807.6
10
6 15
-23.1 6
3
5
4
Financial Advisor
2014
Rank
▲
17,333.7
BNP Paribas SA
Deutsche Bank
-
12* 2,897.9
2,897.9
25
9
7
11
Barclays
Robey Warshaw LLP
1.8
2,900.0
14
3,432.2
10
23
20
19
Zaoui & Co
83*
17
Citi
15
22
18
EFG Hermes Brokerage UAE LLC
Industry Total
23
21
-
Nomura
Credit Suisse
Rabobank NV
-16Rand Merchant Bank
-
12*
14
12
24
2,317.3
2,158.8
PJT Partners LP
Societe Generale
1.8
1.11,776.6
41
24 1.0
1.1
2,773.1
-
1,970.8
5
2,248.9
1.0
Blackstone Group LP
1.5
-
83*
25
40
KPMG
1.0
-1.4
1.0
Jefferies LLC
1.21,923.5
2.2
-39.4
-1.4
1.8
1.8
1,639.2
1.8
1.8
1.4
-21.4
3.6
1.4
0.8
1.2
1.1 -3
0
+4
-5
1.8
2.0
0.5
-1
7.8
1,707.6
5,602.9
1.3
1.4
▲ 1
▲ 1
1
+1
1
▲
7
▼
# of
0.1
Quarterly EMEA Cross Border Volume
100.0 936.7
▲
▼
▲
▼ 0.6%
100.0
20.3%
▲
-129100.0
2.5%Industry % Change from Same Period Last Year 44.3%
Jan 1 – June 30 2015
▲ Industry % Change from Last Quarter
▼
652
▲
88,908.8-239
▲
* tie
Industry % Change from Same Period Last Year ▲ -0.6%
Industry % Change from Last Quarter 360.9% 4.5% -41.7%-52.2%
55.0%
Industry Total779157,648.4Industry Total
EMEA Inv. Announced M&A Target Sector by Value ($bil)
$128.9
$117.9
$77.0
$59.4
$57.6
$52.6
$45.0
$37.3
$33.4
$32.1
$29.8 $17.1
Energy and Power Healthcare Materials Telecommunications
Industrials Real Estate Financials High Technology
Media and Entertainment Retail Consumer Products and Services Consumer Staples
`
0
500
1,000
1,500
2,000
2,500
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2
2007 2008 2009 2010 2011 2012 2013 2014 15
#ofDeals
RankValue(US$b)
Inbound (US$b) Outbound (US$b) Number of deals
14

62.2 1Anglo Chinese Corp Finance
22.9
22.3
Asia Pacific (ex-Japan) M&A
Asian M&A Rises 74% I Imputed Fees Up 10% I Australian M&A Up 14%
13,789.1
10,746.7
4
Morgan Stanley
1 616,449.4
71,911.0
5
16,066.5
KPMG
1
2*
High Technology
2*Goldman Sachs & Co
13,405.8
Southwest Securities Co Ltd
77,942.7Industrials
3
1
Rank Val US$m
83,747.3
Share
Mkt.
Rank
49.1
1
83,196.2
35,632.4
35,632.4Bank of America Merrill Lynch
HSBC Holdings PLC
Real Estate 359
No. Deals
Asia Pacific (ex-Japan) Deals Intelligence
HSBC Holdings PLC
45,410.8
Telecommunications
41,082.7
73,009.4
65,578.7
Asia (ex-Japan) Involvement Announced Advisors by Target Industry
14.9
3,157.8Lazard
810
115
The value of announced Mergers & Acquisitions involving Asian companies reached US$590.1 billion in the first half of 2015, a 74%
increase compared to the first half of 2014 (US$339.2billion). The Real Estate sector led the Asian market, with deal volume totaling
US$83.7 billion. High Technology followed closely accruing US$83.2 billion.
The Telecommunications industry in Asia saw the most significant increase in activity, accruing US$73 billion in deal volume, from just
US$6.8 billion during the same period a year ago. This increase in activity was driven by Cheung Kong (Holdings) Ltd's US$45.4 billion
acquisition of the remaining 50.035% interest it did not already owner in Hutchison Whampoa Ltd and Hutchison Whampoa Ltd's
US$15.4 billion acquisition of Telefonica's O2 PLC.
Imputed Fees earned for the region were estimated at US$1.4 billion, a 10% increase from the US$1.3 billion earned during the same
period last year, according to Thomson Reuters/Freeman Consulting. Goldman Sachs & Co was the top earner with US$86 million in
fees.
China cross-border activity accrued US$72.6 billion, a 47% increase from the US$49.5 billion accumulated in the same period last year.
Outbound investment volume reached US$48.2 billion, led by acquisitions in the Industrials sector.
Announced M&A activity with Australian involvement reached US$75.4 billion, a 14% increase over the US$66.1 billion recorded in the
first half of 2014. US$37.4 billion of the total volume was cross border activity, with outbound activity representing US$17.2 billion.
42.6
11,619.3
2
975
1
2
711
12.7
11
2*
3
14.9
62.2
8
53
4
Jan 1 - June 30 2015
6
3.8
2
42.6
1
2
Financials
11,546.8 13.9
17.7
Huatai Securities Co Ltd
10,600.9
89.8
17.2
2
45,410.8 2*
3
2
JP Morgan
UBS
Goldman Sachs & Co
3/24/2015
CITIC Ltd (11.8%) Chia Tai Bright InvestmentPending Hong Kong / Hong Kong 5,924.0
5/18/2015 China Overseas Land & Invest (17.11%) China Overseas Holdings Ltd Hong Kong / Hong Kong 5,518.9
1/20/2015
High Technology / Software
6,845.6
Jiangsu Hongda New Material Co
Hutchison Whampoa Ltd Hong Kong / United Kingdom
Shareholders
8,778.8
35,632.4
Investor Group
China / ChinaFocus Media Tech Shanghai Co (100%)
Telecommunications / Telecommunications Services
Rank Date Date Effective Target (% Sought/Acquired) Target Macro / Mid IndustryRank Value (US$m)
1/9/2015
China Cross Border Announced M&A
Cheung Kong(Holdings)Ltd
Cheung Kong (Hldg) Ltd- Ppty (100%) Hong Kong / Hong Kong6/3/2015
4/20/2015 Pending
45,410.8
6/3/2015
SK C&C Co LtdSK Holdings Co Ltd (58.2%)
5/26/2015 Pending Samsung C&T Corp (100%)
1/23/2015 O2 PLC (100%)Pending
3/22/2015
6/17/2015
Intended Pirelli & C SpA (73.8%) Bidco SpA Industrials / Automobiles & Components
Asian Completed M&A by Region - Imputed Fees
15,381.2
South Korea / South KoreaCheil Industries Inc
South Korea / South Korea 24,066.1
11,238.8
Telecommunications / Wireless
Industrials / Building/Construction & Engineering
Top Ten Any Asia (ex-Japan) Involvement Announced Deals
Hutchison Whampoa Ltd (50.04%)
Acquiror
6/3/2015
China / China
Italy / Italy
Jan 1 - June 30 2015
Hong Kong / Hong Kong
Financials / Other Financials
High Technology / Internet Software & ServicesPending Qihoo 360 Technology Co Ltd (100%)
6/3/2015
10,306.4
Pending
0%
20%
40%
60%
80%
100%
$0
$10
$20
$30
$40
$50
1Q09
2Q09
3Q09
4Q09
1Q10
2Q10
3Q10
4Q10
1Q11
2Q11
3Q11
4Q11
1Q12
2Q12
3Q12
4Q12
1Q13
2Q13
3Q13
4Q13
1Q14
2Q14
3Q14
4Q14
1Q15
2Q15
%Outbound
RankValue(US$b)
Outbound (US$b)
Inbound (US$b)
% of Cross Border is Outbound
$0.0
$0.1
$0.1
$0.2
$0.2
$0.3
$0.3
$0.4
$0.4
$0.5
1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15
ImputedFees(US$b)
North Asia South Asia Southeast Asia Australasia
15

Ranking M&A Thomson Reuters. Primer semestre de 2015

Ranking M&A Thomson Reuters. Primer semestre de 2015

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