MID-MARKET M &A M&A REVIEW

Transcription

1 MIDMARKET MARKET M&A REVIEW LEGAL ADVISORS First Quarter 0

2 First Quarter 0 Mergers & Acquisitions MidMarket M&A Legal Review Table of Contents Worldwide MidMarket M&A Deals Intelligence Worldwide MidMarket Rankings (MML0) US Target MidMarket Rankings (MML0) Latin America Involvement MidMarket Rankings (MML) European Involvement MidMarket Rankings (MML0) UK Involvement MidMarket Rankings (MML0) French Involvement MidMarket Rankings (MML0) German Involvement MidMarket Rankings (MML0) Italian Involvement MidMarket Rankings (MML0) Spanish Involvement MidMarket Rankings (MML0) 0 Nordic Involvement MidMarket Rankings (MML0) Benelux Involvement MidMarket Rankings (MML0) Eastern Europe Involvement MidMarket Rankings (MML) Hochinma Involvement MidMarket Rankings (MML) Hong Kong Involvement MidMarket Rankings (MML) Australia/New Zealand Involvement MidMarket Rankings (MML) Singapore Involvement MidMarket Rankings (MML) Japanese Involvement MidMarket Rankings (MML) Chinese Involvement MidMarket Rankings (MML0) Indian Involvement MidMarket Rankings (MML) 0 Ranking Criteria Summary

3 M&A Rankings For SmallCap Deals Valued Up To USm Are Also Available First Quarter 0 DEALS VALUED UP TO US0 MILLION MIDMARKET M&A LEGAL REVIEW MidMarket Deals Intelligence Worldwide MidMarket M&A up to US0m by Rank Value Range Worldwide announced MidMarket M&A deals valued up to 0 million (includes undisclosed value deals) totaled US$. billion in the first quarter of 0 a.% decrease from the same period in 0.,000 The Americas region (by target domicile) led the market, with US$. billion of announced deal activity a.% market share, only marginally smaller than the.% market share produced in the first quarter of 0. The EMEA region (by target domicile) led the market in number of deals announced, with,00 deals for the quarter, or.% of the, deals announced worldwide. 0,000 0,000,000 The sector comprised.% of announced value, followed by Energy & Power and, representing.% and.% of the total market, respectively. 0,000,000 Announced MidMarket M&A by Target Nation Up To US0m,000 Region/Nation //0 //0 //0 //0 % Change Rank Value # of Rank Value # of in Rank US$m Deals US$m Deals Value Worldwide,.,,. 0,. Americas,.,,., 0. United States of America,.,0,.,0. Canada,.,. 0. Brazil,.,.. Argentina 0.,0.. Chile.,.. Mexico 0... Venezuela.0 Europe United Kingdom,.,.,00 0,. 0,.,.. Russian Federation France Germany,0.,.,.,.,0., Italy,.0,.. Spain,. 00,0.. Norway,0.,0. 0. Netherlands Sweden Finland Poland Africa/Middle East/Central Asia South Africa,.,.0,0.,.,.,. 0 0,.,0.,.,0., Saudi Arabia AsiaPacific (ex Central Asia) China,.,.,,0.,.,.. Australia South Korea India Hong Kong Malaysia,0.,0.,0.,.,. 0 0,.0,.,.0,., Singapore Indonesia Philippines,0.,,.,., Japan,00. 0,. 0. US0 00m US0 00m US 00m US 0m Worldwide MidMarket M&A up to US0m by Target Industry Jan Mar 0.%.%.%.%.%.%.%.%.%.% Government and Agencies.%.%

4 First Quarter 0 MidMarket M&A Up To US0m Worldwide MidMarket Rankings (MML0) MML0 Undisclosed Values & Values up to US0m Jan Mar Worldwide MidMarket M&A up to US0m by Target Nation Region Jan Mar 0 per Advisor 0 0 # of Rank 0 YoY Rank Legal Advisor Value US$m Rank Val Chg (%) Jones Day 0,0. 0. Linklaters * 0,.. DLA Piper * 0,.. Mori Hamada & Matsumoto * *,0.. Allen & Overy *,0. 0. Kirkland & Ellis,. 0. Hogan Lovells,. 0. Mayer Brown LLP 0*,0.. Clifford Chance 0,0.. Baker & McKenzie 0,0.. Weil Gotshal & Manges * 0,0.0. Gowling Lafleur Henderson LLP * *.. CMS *. 0. Freshfields Bruckhaus Deringer 0,0.. Latham & Watkins *,. Blake Cassels & Graydon * *,.0. Shearman & Sterling LLP * *.. Skadden *,0.. Bryan Cave LLP * *.. Wilson Sonsini Goodrich & Rosati *. 0. Paul Hastings *.0. Ashurst * * 0,.. King & Spalding * * Norton Rose * 0,.. Freehills * *,.. Garrigues * *..0 Dewey & LeBoeuf LLP * 0,.. Nishimura & Asahi * 0* 0..0 McDermott Will & Emery * *.0 *. Morgan Lewis & Bockius * *.. Nagashima Ohno & Tsunematsu * *, King & Wood Mallesons * * 0,.. Sullivan & Cromwell * *,0.. Pinheiro Neto Advogados * *. 0.0 Davis Polk & Wardwell * *,.. Vinson & Elkins LLP * *,.. Gibson Dunn & Crutcher *,0.. Stikeman Elliott * *,.. Havel Holasek & Partners sro * 0* 0* Azevedo Sette Avogados 0 *. Allen & Gledhill * *..0 WongPartnership LLP * *.. Fenwick & West LLP * * 0,.. Lee & Ko * *.. Simpson Thacher & Bartlett * *,. 0. Chiomenti Studio Legal * 0*. 0.,,.. $0 0 $ Africa/Middle East Americas AsiaPacific Europe Japan Worldwide Estimated MidMarket Investment Banking Fees by Quarter Investment Banking Fees (US$b) $ $ $ $ $ % % $ % % % % % Percentage of Total Fees Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q % MidMarket I.B. Fees (0mil or less) % of Total Fees * Source: Thomson Reuters/Freeman Consulting

5 First Quarter 0 MidMarket M&A Up To US0m US Target MidMarket Rankings (MML0) MML0 Undisclosed Values & Values up to US0m Jan Mar per Advisor 0 0 # of Rank 0 YoY Rank Value US$m Rank Val Chg (%) Jones Day,.. Kirkland & Ellis,0. 0. DLA Piper *.. Wilson Sonsini Goodrich & Rosati 0.. Bryan Cave LLP *.. Weil Gotshal & Manges * *,.0 0. King & Spalding * * 0.. Latham & Watkins *,0.. Vinson & Elkins LLP Sullivan & Cromwell * * * *,.,..0 McDermott Will & Emery * *.0. Morgan Lewis & Bockius * Shearman & Sterling LLP *. Mayer Brown LLP *..0 Davis Polk & Wardwell * *,0.. Skadden * *. 0. Paul Hastings * *. 0. Hogan Lovells * * 0.. Fenwick & West LLP * * 0,.. Sidley Austin LLP 0* * 0.0. Greenberg Traurig 0* * 0..0 K&L Gates *. 0. Gibson Dunn & Crutcher * *.. Morrison & Foerster * *.. Ropes & Gray * *. 0. Simpson Thacher & Bartlett * *,..0 Dewey & LeBoeuf LLP * *,0. 0. Paul, Weiss * 0* 0..0 Alston & Bird * *.. Goodwin Procter LLP *. 0. Dechert * *..0 Dorsey & Whitney LLP * *.. Andrews Kurth LLP * 0*.. Haynes & Boone * * 0.. Bingham McCutchen LLP * *. *. Fulbright & Jaworski *.0. Blake Cassels & Graydon * 0*.. Akin, Gump, Strauss, Hauer & Feld * * 0.. Gowling Lafleur Henderson LLP * *.. WilmerHale * *.. Pillsbury Winthrop Shaw Pitt LLP * * Schulte Roth & Zabel LLP * * 0. McKenna Long & Aldridge LLP * * 0 * Cooley Godward Kronish LLP *.0. Foley & Lardner * * 0. Honigman Miller Schwartz And Cohn * *.0 Wachtell Lipton Rosen & Katz * *.. Pepper Hamilton LLP * 0*.0 0 White & Case LLP * *.,0,.. US MidMarket M&A up to US0m by Rank Value Range,00,000,00, US0 00m US0 00m US 00m US 0m US MidMarket M&A up to US0m by Target Industry Jan Mar 0.%.%.%.%.%.%.%.%.% Government and Agencies 0.%

6 First Quarter 0 MidMarket M&A Up To US0m Latin America Involvement MidMarket Rankings (MML) MML Undisclosed Values & Values up to US0m Jan Mar Latin American MidMarket M&A up to US0m by Rank Value Range per Advisor 0 0 # of Rank 0 YoY Rank Value US$m Rank Val Chg (%) Pinheiro Neto Advogados..0 Azevedo Sette Avogados *. Tozzini Freire Teixeira e Silva 0.. Souza, Cescon, Barrieu & Flesch Advog.. Jones Day * Linklaters * *. *.0 Lefosse Advogados * *.. Mattos Filho Veiga Filho Marrey Jr * * 0.. Barbosa Mussnich & Aragao *. 0. Machado Meyer Sendacz & Opice * * 0.. Demarest E Almeida * * 0. *. Ropes & Gray * * * Davis Polk & Wardwell * *. *. Stikeman Elliott * 0. McKenna Long & Aldridge LLP * * Dechert * * Roca Junyent Abogados *. * Clifford Chance * * 0 Mayer Brown LLP * * * Trench Rossi e Watanabe Advogados *. Hogan Lovells * * 0 * Paul Hastings * * Lobo & de Rizzo Advogados * * Cuatrecasas Goncalves Pereira * * * Arauz & Advogados Associados *. * Bahamondez Alvarez & Zegers Ltda * King & Wood Mallesons *. Bryan Cave LLP *.0 FSV Abogados * * Fried Frank Harris Shriver & Jacobson * * Uria Menendez * * 0 * Matheson Ormsby Prentice *. 0* Baker & McKenzie * * McCann Fitzgerald *. 0* Paul, Weiss * * Wachtell Lipton Rosen & Katz * * Simpson Thacher & Bartlett * *. *. Lobo & Ibeas *.0,.. $ 00 $ 00 $ 00 $ 00 $ 00 $ 00 $ US0 00m US0 00m US 00m US 0m Latin American MidMarket M&A up to US0m by Target Industry Jan Mar 0.%.%.%.%.0%.0%.%.%.%

7 First Quarter 0 MidMarket M&A Up To US0m European Involvement MidMarket Rankings (MML0) MML0 Undisclosed Values & Values up to US0m Jan Mar European MidMarket M&A up to US0m by Rank Value Range per Advisor 0 0 # of Rank Value 0 YoY Rank US$m Euro mil Rank Val Chg (%) Linklaters *,.,.. DLA Piper Jones Day.. 0. CMS *... Allen & Overy *,.,.0. Clifford Chance *,., Freshfields Bruckhaus Deringer,.,0.. Hogan Lovells,0.0.. Garrigues *..0.0 Havel Holasek & Partners sro 0 0* * Mayer Brown LLP *... Baker & McKenzie *.. 0. Chiomenti Studio Legal * *... Azevedo Sette Avogados *.. Advokatfirmaet Schjodt ANS * * Cuatrecasas Goncalves Pereira * Ashurst *... Advokatfirman Vinge * * Salans LLP * * Raidla Lejins & Norcous 0* * Norton Rose 0* * Orrick Herrington & Sutcliffe LLP 0* 0* Hengeler Mueller * *.. Wikborg Rein & Co * * Dewey & LeBoeuf LLP * 0*... Paul Hastings * *... Gateley LLP * *. 0.. Hannes Snellman * * Weil Gotshal & Manges * * * Fidal 0* *... De Brauw Blackstone Westbroek 0* *..0. Latham & Watkins 0*. 0.. Bonelli Erede e Pappalardo * * Nabarro * *... Luther Rechtsanwaltsgesellschaft mbh * 0* * Skadden * *... SORAINEN * *.. 0. Eversheds *... Squire Sanders & Dempsey LLP * Berwin Leighton Paisner 0* 0* 0... Lamartine Conseil 0* * 0... De Pardieu Brocas Maffei 0* *. 0.. Gleiss Lutz 0*.. 0 BEITEN BURKHARDT 0* 0*.0. Bryan Cave LLP 0* *... Uria Menendez 0* * 0... King & Wood Mallesons 0* 0*, White & Case LLP 0* *.. 0.,,00.. $0,000 $0,000,000,000,000,000 US0 00m US0 00m US 00m US 0m European MidMarket M&A up to US0m by Target Industry Jan Mar 0.%.0%.%.%.0%.%.%.%.%.%.%.%

8 First Quarter 0 MidMarket M&A Up To US0m UK Involvement MidMarket Rankings (MML0) MML0 Undisclosed Values & Values up to US0m Jan Mar UK MidMarket M&A up to US0m by Rank Value Range per Advisor 0 0 # of Rank Value 0 YoY Rank US$m GBP mil Rank Val Chg (%) Linklaters,.,.. DLA Piper Clifford Chance 0* Jones Day * 0* Gateley LLP * *... Allen & Overy *. 0.. Nabarro * 0... CMS * Mayer Brown LLP * *.. Berwin Leighton Paisner 0* 0... Freshfields Bruckhaus Deringer 0* 0*... Hogan Lovells 0* *. 0.. Norton Rose 0* *..0. Squire Sanders & Dempsey LLP 0* 0*.0.0. Eversheds 0*.. 0. Slaughter & May * *..0. DWF * 0* Weil Gotshal & Manges * * Dewey & LeBoeuf LLP * *... Paul Hastings * *... Bryan Cave LLP * *..0. Salans LLP * * * Simpson Thacher & Bartlett * * King & Wood Mallesons * * SJ Berwin * *..0. Stikeman Elliott * * 0.. Freehills * * 0. Gowling Lafleur Henderson LLP *.. Fasken Martineau DuMoulin LLP * * 0... Rajah & Tann LLP *.0. * Dundas & Wilson * *.0. 0 Pinheiro Neto Advogados *. 0 Mannheimer Swartling Advokatbyra * * Pinsent Masons * * * Field Fisher Waterhouse * * Clayton Utz * *.. Maclay Murray & Spens * * Wilson Sonsini Goodrich & Rosati * * 0.. *. Baker & McKenzie * 0*... Birketts of Ipswich *..0 0 Gilbert + Tobin *.0. Travers Smith * * 0 *,0. 0,.. *tie $ $ $,00, US0 00m US0 00m US 00m US 0m UK MidMarket M&A up to US0m by Target Industry Jan Mar 0.%.%.%.%.%.%.%.%.%.% Government and Agencies.%

9 First Quarter 0 MidMarket M&A Up To US0m French Involvement MidMarket Rankings (MML0) MML0 Undisclosed Values & Values up to US0m Jan Mar French MidMarket M&A up to US0m by Rank Value Range per Advisor 0 0 # of Rank Value 0 YoY Rank US$m Euro mil Rank Val Chg (%) Linklaters *,... Fidal *... Jones Day * Lamartine Conseil * * De Pardieu Brocas Maffei * 0*. 0. *. Salans LLP * *.0.. Hogan Lovells * * Orrick Herrington & Sutcliffe LLP * *.0.. CMS * *. 0. *. Mayer Brown LLP * 0*... Weil Gotshal & Manges * * * Freshfields Bruckhaus Deringer * *..0. Ayache, Salama & Associes * * 0..0 *. Hermetet Thomas * 0..0 * Baker & McKenzie * *... Clifford Chance * *... Dechert * * * DLA Piper * * * Universal Legal Firm *.0. * Cabinet Plantrou de La Bruniere et Asso * * Bryan Cave LLP *.. Scotto & Associes * * Amarchand Mangaldas * *.0. *. Willkie Farr & Gallagher * * 0 * August & Debouzy Avocats * * Landwell * * * Rajah & Tann LLP *.0. * Pinheiro Neto Advogados * *..0 Quadratur *..0 Gatienne Brault & Associes * * Lamy & Associes * * 0 * Veil Jourde * * 0 * Locke Lord Bissell & Liddell * * Cotty Vivant Marchisio & Lauzeral *.0. * Reed Smith LLP * * 0..0 *. Taj *..0 0* Fidufrance Avocats * * 0 * Renault Thominette Vignaud * * Dillenschneider Favaro Associes * * Alcyaconseil Judiciaire * * PINOT DE VILLECHENON ASSOCIES * * 0..0 Paul Hastings * 0* * Field Fisher Waterhouse * * Loyve Avocats SELARL *.. Axiom Avocats SELARL *.. Eversheds * * * Sullivan & Cromwell * * 0 * White & Case LLP * 0* * Chiomenti Studio Legal *.,.,.. $ 00 $ $ 00 $ 00 $ 00 $ 00 US0 00m US0 00m US 00m US 0m French MidMarket M&A up to US0m by Target Industry Jan Mar 0.%.0%.%.0%.%.%.0%.%.%

10 First Quarter 0 MidMarket M&A Up To US0m German Involvement MidMarket Rankings (MML0) MML0 Undisclosed Values & Values up to US0m Jan Mar German MidMarket M&A up to US0m by Rank Value Range per Advisor 0 0 # of Rank Value 0 YoY Rank US$m Euro mil Rank Val Chg (%) CMS 0* Clifford Chance * * Hengeler Mueller * *.. Linklaters * * Freshfields Bruckhaus Deringer * *..0. Luther Rechtsanwaltsgesellschaft mbh * 0* Jones Day * 0* 0* Gleiss Lutz *.. BEITEN BURKHARDT *.0. Hogan Lovells * 0*..0 DLA Piper *.0.. P+P Pollath + Partners * *..0 * 0. Baker & McKenzie * * 0* Latham & Watkins * 0* 0* Noerr LLP * * 0* Salans LLP * * 0* Havel Holasek & Partners sro * * 0* Orrick Herrington & Sutcliffe LLP * * 0* Allen & Overy * *..0. Ashurst * * * Cleary Gottlieb Steen & Hamilton * *.. Heuking Kuehn Lueer Wojtek * * 0 0* Roedl und Partner * 0* HEISSE KURSAWE EVERSHEDS Rech * 0* De Brauw Blackstone Westbroek * * McDermott Will & Emery * * 0* Lefosse Advogados *..0 * GORG Rechtsanwalte * * 0* Raidla Lejins & Norcous * 0.. Grandall Law Firm * 0* Norton Rose * *..0 *. Haynes & Boone *..0 * McCarthy Tetrault *..0 * Milbank Tweed Hadley & McCloy * * 0* Squire Sanders & Dempsey LLP * * 0..0,.,.. $ $ $ $ $ US0 00m US0 00m US 00m US 0m German MidMarket M&A up to US0m by Target Industry Jan Mar 0.0%.%.%.%.% %.0%.%.%.0%

11 First Quarter 0 MidMarket M&A Up To US0m Italian Involvement MidMarket Rankings (MML0) MML0 Undisclosed Values & Values up to US0m Jan Mar Italian MidMarket M&A up to US0m by Rank Value Range per Advisor 0 0 # of Rank Value 0 YoY Rank US$m Euro mil Rank Val Chg (%) Chiomenti Studio Legal Bonelli Erede e Pappalardo * Paul Hastings * 00. * Dewey & LeBoeuf LLP * * Gianni, Origoni, Grippo & Partners * * Linklaters * *. DLA Piper * 00. * Saloni & Associates * * ANS Law & Associates * * AZB & Partners * * Cleary Gottlieb Steen & Hamilton *.0.0 * Wikborg Rein & Co * * Barbosa Mussnich & Aragao *..0 Jones Day * * * CMS * * * Shearman & Sterling LLP *..0 Ashurst * * Studio Pavesi Gitti Verzoni * * Studio Zulli Tabanelli e Associati * * NCTM * 0* 0. 0 * Studio Legale Avv Stefano Carmini e As *.0.0 * Rsc & Partners Consulting Srl *.0.0 * Shin & Kim *.. Bonn & Schmitt & Steichen * 0. * Baker & McKenzie * * 0 * King & Wood Mallesons *.0.0 * Willkie Farr & Gallagher * * Allen & Overy * *. 0 0,.,.. $ 00 $ 0 $ $ 00 $ 0 $ $ 00 $ 0 $ US0 00m US0 00m US 00m US 0m Italian MidMarket M&A up to US0m by Target Industry Jan Mar 0.%.%.%.% 0.%.%

12 First Quarter 0 MidMarket M&A Up To US0m Spanish Involvement MidMarket Rankings (MML0) MML0 Undisclosed Values & Values up to US0m Jan Mar Spanish MidMarket M&A up to US0m by Rank Value Range per Advisor 0 0 # of Rank Value 0 YoY Rank US$m Euro mil Rank Val Chg (%) Garrigues..0.0 Azevedo Sette Avogados *.. Cuatrecasas Goncalves Pereira * DLA Piper 0*..0 * Linklaters *. *. Uria Menendez. 0. *.0 Gomez Acebo & Pombo * * 0* Roca Junyent Abogados * *..0 0 Ashurst * 0*..0 * 0. Allen & Overy * *..0.0 Latham & Watkins * 0* Loyens & Loeff *. * Clifford Chance *. 0. Houthoff Buruma * 0* Araoz y Rueda * 0* Jones Day * * 0 0* Shearman & Sterling LLP *..0 Osborne Clarke * 0* Skadden * * 0 0* Freshfields Bruckhaus Deringer * 0*. 0. *. Bellavista Legal SL * 0* Morrison & Foerster *.0. * Wilson Sonsini Goodrich & Rosati * 0* Arauz & Advogados Associados *.. Dictum Abogados *.. Allens Arthur Robinson *..0 Akin, Gump, Strauss, Hauer & Feld *.0. * Ramon y Cajal and Albella * 0*,.,.0. *tie $ $ $ $ $ $ $ $ $ Spanish MidMarket M&A up to US0m by Target Industry Jan Mar 0.0%.% US0 00m US0 00m US 00m US 0m.%.0%.%.%.0%.%.% Government and Agencies

13 First Quarter 0 MidMarket M&A Up To US0m Nordic Involvement MidMarket Rankings (MML0) MML0 Undisclosed Values & Values up to US0m Jan Mar Nordic MidMarket M&A up to US0m by Rank Value Range per Advisor 0 0 # of Rank Value 0 YoY Rank Advokatfirmaet Schjodt ANS Rank Rank Deals US$m Euro mil Rank * Val Chg (%) Advokatfirman Vinge * Wikborg Rein & Co * Hannes Snellman * * SORAINEN * Kromann Reumert * *. 0. Accura Advokataktieselskab *.0. Raidla Lejins & Norcous * *... Thommessen Krefting Greve Lund AS * * * Selmer * Wiersholm Mellbye & Bech DA *.. 0. Clifford Chance * * 0.0. Linklaters * * Ashurst * *.0. Mannheimer Swartling Advokatbyra *.0.. Advokatfirmaet Thommessen AS * Hengeler Mueller * * * Freshfields Bruckhaus Deringer * *.. Gorrissen & Federspiel * * 0... Baker & McKenzie * *... Castren & Snellman * * 0... Jones Day * * * Shearman & Sterling LLP *.0. Mayer Brown LLP * * * Dewey & LeBoeuf LLP *.. Schoenherr Attorney's at Law *.0.0 Cuatrecasas Goncalves Pereira *.. Allen & Overy * *..0. White & Case LLP * * ,0.,.. $ $ $ $ $ Nordic MidMarket M&A up to US0m by Target Industry.0% US0 00m US0 00m US 00m US 0m.%.%.%.%.%.%.%.%.%.%.% Jan Mar 0

14 First Quarter 0 MidMarket M&A Up To US0m Benelux Involvement MidMarket Rankings (MML0) MML0 Undisclosed Values & Values up to US0m Jan Mar Benelux MidMarket M&A up to US0m by Rank Value Range per Advisor 0 0 # of Rank Value 0 YoY Rank US$m Euro mil Rank Val Chg (%) Linklaters 0... Allen & Overy...0 De Brauw Blackstone Westbroek *..0. DLA Piper.0 0. * Jones Day * *... Garrigues * * * NautaDutilh * * * Clifford Chance *.0.. Freshfields Bruckhaus Deringer * *..0. Houthoff Buruma 0* * * CMS Paul Hastings 0* 0* * * * Hogan Lovells 0* *. 0.0 Baker & McKenzie 0* *... Loyens & Loeff * * 0. Cleary Gottlieb Steen & Hamilton *.. Herbert Smith/Gleiss Lutz/Stibbe * * Ashurst * * Debevoise & Plimpton *.. De Pardieu Brocas Maffei *.. Bryan Cave LLP * * 0 * Egorov Puginsky Afanasiev & Partners * * Uria Menendez * *.0 * White & Case LLP * *. *. Willkie Farr & Gallagher * * *,.,. 0. $ $ 00 $ 00 $ 00 $ 00 US0 00m US0 00m US 00m US 0m Benelux MidMarket M&A up to US0m by Target Industry Jan Mar 0.%.%.%.%.%.%.%.0%.0%.%.%

15 First Quarter 0 MidMarket M&A Up To US0m Eastern Europe Involvement MidMarket Rankings (MML) MML Undisclosed Values & Values up to US0m Jan Mar Eastern European MidMarket M&A up to US0m by Rank Value Range per Advisor 0 0 # of Rank Value 0 YoY Rank US$m Euro mil Rank Val Chg (%) Havel Holasek & Partners sro * * Raidla Lejins & Norcous 0*... SORAINEN *... Skadden *.. Liniya Prava *.. Egorov Puginsky Afanasiev & Partners * * Allen & Overy * *...0 Clifford Chance * * * Hogan Lovells * *.. CMS * * Linklaters * * * Noerr LLP * * * Hannes Snellman * * Herbert Smith *. Dechert Pekin & Pekin Pekin & Bayar * * * * * * NautaDutilh * * DLA Piper * * * Tuca Zbarcea & Asociatii * * * McDermott Will & Emery * * Schoenherr Attorney's at Law *.0.0 K&L Gates * 0.. Salans LLP * * * Sibel Ertekin Hukuk Burosu *.0. * Orrick Herrington & Sutcliffe LLP * * White & Case LLP * * * Shook Lin & Bok LLP *.. 0 Baker & McKenzie * * * Nestor and Nestor * *,0.,0.. $ $ $ $ $ US0 00m US0 00m US 00m US 0m Eastern European MidMarket M&A up to US0m by Target Industry Jan Mar 0.%.%.%.%.0%.%.% 0.% 0.%,00,00,00,00,

16 First Quarter 0 MidMarket M&A Up To US0m Hochinma Involvement MidMarket Rankings (MML) MML Undisclosed Values & Values up to US0m Jan Mar Hochinma MidMarket M&A up to US0m by Rank Value Range per Advisor 0 0 # of Rank Value 0 YoY Rank US$m Rank Val Chg (%) AZB & Partners Grandall Law Firm *.. Rajah & Tann LLP *.. King & Wood Mallesons *.. Amarchand Mangaldas * *.. Khaitan & Co * * Allen & Overy * *.. Shearman & Sterling LLP * *.. Linklaters * * 0.0 * J Sagar Associates * * 0.. Allen & Gledhill * *.. WongPartnership LLP * *. 0. Mayer Brown LLP * *.. Universal Legal Firm *. Baker & McKenzie * * 0..0 Shook Lin & Bok LLP * *.. Jingtian & Gongcheng * Stamford Law Corp *. 0 Ashurst * *. 0*. Jones Day *.. Cleary Gottlieb Steen & Hamilton * * Gowling Lafleur Henderson LLP *. Freehills *. * JunZeJun Law Offices *. ANS Law & Associates * * Anderson Mori & Tomotsune * *. 0 Skadden * *.. Saloni & Associates * * Majmudar & Co * Chuanda Law Firm *. Wilson Sonsini Goodrich & Rosati * * Norton Rose * *. 0*. Minter Ellison * * 0.. Paul, Weiss * * 0,,0.. *tie $ $ $ $ $ US0 00m US0 00m US 00m US 0m Hochinma MidMarket M&A up to US0m by Target Industry Jan Mar 0.%.%.0%.%.%.%,000,00,00,00,00, %.%.%.%.%

17 First Quarter 0 MidMarket M&A Up To US0m Hong Kong Involvement MidMarket Rankings (MML) MML Undisclosed Values & Values up to US0m Jan Mar Hong Kong MidMarket M&A up to US0m by Rank Value Range per Advisor 0 0 # of Rank Value 0 YoY Rank US$m Rank Val Chg (%) Mayer Brown LLP.. Baker & McKenzie * 0..0 Allen & Overy *.. Clifford Chance * * 0* Cleary Gottlieb Steen & Hamilton *. 0 Shearman & Sterling LLP * * 0* JunZeJun Law Offices *. Fidal * 0* Rodyk & Davidson *. Ashurst Linklaters * * * 0..0 * * Rajah & Tann LLP * * 0.0 *. Dewey & LeBoeuf LLP * 0* WongPartnership LLP * *.. Davis Polk & Wardwell Grandall Law Firm * * 0. Cuatrecasas Goncalves Pereira * 0* Paul Hastings * * 0. Clyde & Co. * 0* Universal Legal Firm *. * Norton Rose *. * King & Wood Mallesons * *..0 Paul, Weiss * * 0 0 Minter Ellison * 0* Desai & Diwanji *. * Machado Meyer Sendacz & Opice *.0 * Ayache, Salama & Associes * 0 0* Zhong Lun Law Firm * 0* Weil Gotshal & Manges * 0* 0,.. $ $ $ $ $ $ $ US0 00m US0 00m US 00m US 0m * Hong Kong MidMarket M&A up to US0m by Target Industry Jan Mar 0.%.%.%.%.% 0.% %.%.%.%

18 First Quarter 0 MidMarket M&A Up To US0m Australia/New Zealand Involvement MidMarket Rankings (MML) MML Undisclosed Values & Values up to US0m Jan Mar Australia/New Zealand MidMarket M&A up to US0m by Rank Value Range per Advisor 0 0 # of Rank Value 0 YoY Rank US$m Rank Val Chg (%) Freehills,.. King & Wood Mallesons.. Allens Arthur Robinson Minter Ellison * *...0. Clayton Utz Ashurst Clifford Chance * 0*.0. Gilbert + Tobin * *.. Norton Rose * *.. Corrs Chambers Westgarth * *. 0. Allen & Overy * *..0 Middletons Lawyers *. 0 Baker & McKenzie *.. Fasken Martineau DuMoulin LLP *. Mori Hamada & Matsumoto * 00. * Cassels Brock & Blackwell LLP *. WongPartnership LLP * *.0 Chapman Tripp * 0.. Kirkland & Ellis *. Arnold Bloch Leibler *. Blake Cassels & Graydon * *. * 0. Gadens Lawyers *.0 Herbert Smith *. Steinpreis Paganin *. Nagashima Ohno & Tsunematsu * 00. * Ward Hadaway * * Fraser Milner Casgrain *.0 * Jackson McDonald *. Kromann Reumert *.0 0 Shearman & Sterling LLP *. CMS * * 0 * Linklaters * 0* * Edward Nathan Sonnenbergs Inc *.0 * Quigg Partners *. 0 Cooley Godward Kronish LLP * 0. * Allion Legal Pty Ltd *. * Hogan Lovells *.0 Simpson Grierson * * Vinson & Elkins LLP * 0 Lee & Ko * * Shin & Kim * * Paul, Weiss *. * Sullivan & Cromwell * 0. * Bennett Jones * * ,. 0. $ 00 $ 00 $ 00 $ 00 $ 00 $ 00 $ 00 $ US0 00m US0 00m US 00m US 0m Australia/New Zealand MidMarket M&A up to US0m by Target Industry Jan Mar 0.0%.%.%.%.%.% 0.% Government and Agencies.%.%

19 First Quarter 0 MidMarket M&A Up To US0m Singapore Involvement MidMarket Rankings (MML) MML Undisclosed Values & Values up to US0m Jan Mar Singapore MidMarket M&A up to US0m by Rank Value Range per Advisor 0 0 # of Rank Value 0 YoY Rank US$m Rank Val Chg (%) Allen & Gledhill *.. WongPartnership LLP * 0.. Rajah & Tann LLP.0.0 Stamford Law Corp * * 0.. Ashurst * *.. King & Wood Mallesons * *.. Norton Rose * 0. Shook Lin & Bok LLP *.. Baker & McKenzie * *.. Linklaters 0* * * McDermott Will & Emery 0* *.0. Wikborg Rein & Co * * Bingham McCutchen LLP * * Jones Day * * * Shearman & Sterling LLP * * 0.0 Tian Yuan Law Firm *. * Dewey & LeBoeuf LLP *.0 Fenwick & West LLP *.0 Paul Hastings *. 0 Universal Legal Firm *. * DLA Piper * * Majmudar & Co * * AZB & Partners * * 0. ATMD Bird & Bird LLP *. * Clyde & Co. * * Wilson Sonsini Goodrich & Rosati * * 0 0 Amarchand Mangaldas * * 0. * Kirkland & Ellis * * Latham & Watkins * * Shook, Hardy & Bacon (MO) * * Allens Arthur Robinson * * 0. 0*.0 Allen & Overy * * 0. 0*. Clayton Utz *. 0,.. $ $ $ $ $ $ $ $ US0 00m US0 00m US 00m US 0m Singapore MidMarket M&A up to US0m by Target Industry Jan Mar 0.%.%.%.%.%.% %.%.%.%

20 First Quarter 0 MidMarket M&A Up To US0m Japanese Involvement MidMarket Rankings (MML) MML Undisclosed Values & Values up to US0m Jan Mar Japanese MidMarket M&A up to US0m by Rank Value Range per Advisor 0 0 # of Rank Value 0 YoY Rank US$m Rank Val Chg (%) Mori Hamada & Matsumoto,0.. Nishimura & Asahi 0..0 Nagashima Ohno & Tsunematsu, Anderson Mori & Tomotsune..0 TMI Associates * 0..0 Lee & Ko. Hogan Lovells * *.. Baker & McKenzie *.. Jones Day * *..0 Habataki *. Ashurst * 0*. 00. Kim & Chang * 0*.. City Yuwa Partners *. BEITEN BURKHARDT * * UrumaYoshizawa Law Offices * *.. Skadden * *.. Allen & Overy * *.. Khaitan & Co * *. Freshfields Bruckhaus Deringer * *. Pinheiro Neto Advogados *. * Yodoyabashi & Yamagami LPC *. Kitahama Partners * * Morgan Lewis & Bockius * *.0 0* Morrison & Foerster * *.. Norton Rose * *.0 0*. Latham & Watkins *. Sullivan & Cromwell * *.. Simpson Thacher & Bartlett *. Schulte Roth & Zabel LLP * White & Case LLP * 0* 0 *,.. $ $ $ $ $ $ $ US0 00m US0 00m US 00m US 0m Japanese MidMarket M&A up to US0m by Target Industry Jan Mar 0.%.%.%.%.%.%.%.%.%.%.%

21 First Quarter 0 MidMarket M&A Up To US0m Chinese Involvement MidMarket Rankings (MML0) MML0 Undisclosed Values & Values up to US0m Jan Mar Chinese MidMarket M&A up to US0m by Rank Value Range per Advisor 0 0 # of Rank Value 0 YoY Rank US$m Rank Val Chg (%) Grandall Law Firm.. Shearman & Sterling LLP * *.. Shook Lin & Bok LLP * *.. Rajah & Tann LLP * *. 0. Jingtian & Gongcheng * Baker & McKenzie *.0. Allen & Overy * * Cleary Gottlieb Steen & Hamilton * * 0.. Gowling Lafleur Henderson LLP *.. Linklaters * * 0 * JunZeJun Law Offices *.. Mayer Brown LLP * *.0 Allen & Gledhill * *.. Skadden * * Chuanda Law Firm *.. Wilson Sonsini Goodrich & Rosati * * 0 0. Norton Rose * *. * King & Wood Mallesons * 0.. Walkers * 00 * Beijing Kangda Law Firm * * 0. 0 Jones Day * * Stamford Law Corp *. Jiayuan Law Firm * * Fangda Partners * *.. Tian Yuan Law Firm * *. *. WongPartnership LLP * * BEITEN BURKHARDT *.0. Dacheng Law Offices * * 0.. Davis Polk & Wardwell * *. Ashurst * * 0. *. Sudoh & Takai Law Offices * * Jingshi Law Firm *.. ATMD Bird & Bird LLP *. * Societe Civile Professionnelle D'Avocats *. 0. Join&High Law Office *. 0. Shandong De Yi Jun Da Law Firm *. 0 Jiangsu Zhouji Yingjie Law Firm *. Beijing Grandway Law Offices *.. Uria Menendez * * 0 Latham & Watkins * * * Haiwen & Partners *. Akin, Gump, Strauss, Hauer & Feld * * Simpson Thacher & Bartlett * * 0 * White & Case LLP * *.0 Paul, Weiss * 0. Orrick Herrington & Sutcliffe LLP * * Zhong Lun Law Firm * * * Chiomenti Studio Legal * * Minter Ellison * 0. 0 Lee & Ko *. Bonelli Erede e Pappalardo *.0,.. $ $ $ $ Chinese MidMarket M&A up to US0m by Target Industry Jan Mar 0.%.%.% US0 00m US0 00m US 00m US 0m.%.%.%.%.%.%.% 0,00,

22 First Quarter 0 MidMarket M&A Up To US0m Indian Involvement MidMarket Rankings (MML) MML Undisclosed Values & Values up to US0m Jan Mar Indian MidMarket M&A up to US0m by Rank Value Range per Advisor 0 0 # of Rank Value 0 YoY Rank US$m Rank Val Chg (%) AZB & Partners Amarchand Mangaldas *..0 Khaitan & Co * J Sagar Associates * 0. Universal Legal Firm *..0 Jones Day * *. ANS Law & Associates * 0* Saloni & Associates * 0* Majmudar & Co *. Anderson Mori & Tomotsune *. Rajah & Tann LLP * *. Herbert Smith *. * KPMG * *. Cravath, Swaine & Moore * 0.. Linklaters * * 0 0* Freehills *. * 0. Middletons Lawyers *. * 0. Allen & Gledhill * 0.. WongPartnership LLP *. 0. Hogan Lovells * * 0 0* Bellavista Legal SL * 0* Wadia Ghandy & Co * *. PH Bathiya & Associates * *..0 Desai & Diwanji *. 0 Greenberg Traurig * * 0 0* Paul, Weiss * 0*,. $ $ $ $ $ $ $. Indian MidMarket M&A up to US0m by Target Industry Jan Mar 0.%.%.% US0 00m US0 00m US 00m US 0m.%.%.0%.%.%.%.% Government and Agencies

23 First Quarter 0 MidMarket M&A Up To US0m 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: Americas Jason Wotman Tel: + jason.wotman@thomsonreuters.com Europe, Middle East & Africa Redina Doda Tel: + (0) 0 redina.doda@thomsonreuters.com AsiaPacific Jason Pacannuayan Tel: + jason.pacannuayan@thomsonreuters.com Announced league tables include all deals that were announced between January, 0 and March, 0 and of which Thomson Reuters was made aware. All current data and previous year's data is as of :00pm EDT on April 0th, 0. League tables include rank eligible mergers, acquisitions, repurchases, spinoffs, selftenders, 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. Deals with undisclosed dollar values are rank eligible but with no corresponding Rank Value. NonUS dollar denominated transactions are converted to the US dollar equivalent at the time of announcement of terms. 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. Japan 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. Akemi Mamiya Tel: + akemi.mamiya@thomsonreuters.com 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. While Thomson Reuters has used reasonable endeavors to ensure that the information provided in this document is accurate and up to date as at the time of issue, neither Thomson Reuters nor its third party content providers shall be liable for any errors, inaccuracies or delays in the information, nor for any actions taken in reliance thereon, nor does it endorse any views or opinions of any third party content provider. Thomson Reuters disclaims all warranties, express or implied, as to the accuracy or completeness of any of the content provided, or as to the fitness of the content for any purpose to the extent permitted by law. The content herein is not appropriate for the purposes of making a decision to carry out a transaction or trade and does not provide any form of advice (investment, tax, legal) amounting to investment advice, nor make any recommendations or solicitations regarding particular financial instruments, investments or products, including the buying or selling of securities. Thomson Reuters has not undertaken any liability or obligation relating to the purchase or sale of securities for or by any person in connection with this document. 0 Thomson Reuters. All rights reserved. Thomson Reuters and the Thomson Reuters logo are registered trademarks and trademarks of Thomson Reuters and its affiliated companies. Any third party name or mark herein belongs to the relevant third party.

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