MID-MARKET M&A REVIEW LEGAL ADVISORS

Transcription

1 MIDMARKET M&A REVIEW LEGAL ADVISORS REUTERS / Brendan McDermid First Half 01

2 First Half 01 Mergers & Acquisitions MidMarket M&A Legal Review Table of Contents Worldwide MidMarket M&A Deals Intelligence 1 Worldwide MidMarket Rankings (MML01) US Target MidMarket Rankings (MML0) Latin America Involvement MidMarket Rankings (MML1) 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) Nordic Involvement MidMarket Rankings (MML0) Benelux Involvement MidMarket Rankings (MML) Eastern Europe Involvement MidMarket Rankings (MML1) Hochinma Involvement MidMarket Rankings (MML1) Hong Kong Involvement MidMarket Rankings (MML1) Australia/New Zealand Involvement MidMarket Rankings (MML) Singapore Involvement MidMarket Rankings (MML1) Japanese Involvement MidMarket Rankings (MML1) Chinese Involvement MidMarket Rankings (MML0) Indian Involvement MidMarket Rankings (MML1) 0 Ranking Criteria Summary 1

3 M&A Rankings For SmallCap Deals Valued Up To USm Are Also Available First Half 01 DEALS VALUED UP TO US0 MILLION MIDMARKET M&A LEGAL REVIEW MidMarket Deals Intelligence Worldwide announced MidMarket M&A deals valued up to 0 million (including undisclosed value deals) totaled US$. billion for the first half of 01, a.% decrease yearonyear. Worldwide MidMarket M&A up to US0m by Rank Value Range 0 1,000 The AsiaPacific (ex Central Asia) region (by target domicile) led the market, with over US$1.1 billion of announced deal activity, representing over.% share of the market. The European region (by target domicile) led the market in deal count, with, deals for the first half of 01, representing.0% of the 1, deals announced worldwide. The Real Estate sector comprised 1.% of announced value, followed by and, with 1.% and 1.0% of the total market, respectively. tops the worldwide MidMarket rankings for deals valued up to 0 million in the first half of 01, working on 1 deals with a combined value of $. billion. 0 $ 1,000,000,000,000,000 Announced MidMarket M&A by Target Nation Up To US0m Region/Nation 1/1/01 0/0/01 Rank Value US$m # of Deals 1/1/01 0/0/01 Rank Value US$m Jan 1 Jun 0 # of Deals % Change in Rank Value Worldwide,.0 1,,. 1,1. Americas 1,.,1,1.,0. United States of America 0,.,,0.1,.1 Canada 1,. 0 1,.1. Brazil,1.0,0. 0. Chile,1. 1 1,10.. Mexico 1,0. 1,..0 Argentina Bermuda Europe.,., 1.0 1,.1,.0.1 United Kingdom 1,.1 1,1 1,00. 1,. France 1,.0 1,1 1, 1,1. Italy,.,.0 1. Germany,. 1,1. 1. Spain Netherlands Finland,1.,1.,.1 0 1,.,. 1, Denmark,.0 1,0.. Sweden,0.,.1.0 Republic of Ireland,.,. 1. Russian Federation,1. 0,0. 0. Africa/Middle East/Central Asia,1. 1,. 1.0 South Africa,. 1,. 1.1 Israel,01.,.. AsiaPacific (ex Central Asia) 1,.0,0 1,.,1. China,.,,.,0. South Korea 1,. 1,. 0. Hong Kong 1,01. 1, Australia,0., India,. 0,.. Singapore,0. 1,. 1. Malaysia,., Vietnam,.1 1, Thailand,. 1,.. Japan 1,. 1,0 1,. 1,1 1.,000 US0 00m US 00m US 0m US 0m Worldwide MidMarket M&A up to US0m by Target Industry Jan 1 Jun 0.%.1% Real Estate.% 1.%.%.% 1.%.%.1% 1.0%.0%.% 1

4 First Half 01 MidMarket M&A Up To US0m Worldwide MidMarket Rankings (MML01) MML01 Undisclosed Values & Values up to US0m Jan 1 Jun 0 Worldwide MidMarket M&A up to US0m by Target Nation Region Jan 1 Jun 0 per Advisor # of Rank 01 YoY Rank Legal Advisor Value US$m Rank Val Chg (%) ,0.. Latham & Watkins 1,. 1. 1,1. 1. Kirkland & Ellis,0.. 1,. 0. CMS * 1,. * 1,. 1. King & Wood Mallesons * *, * 0,0.1.,1.. Morgan Lewis & Bockius 1* 1, ,00.. 1, Orrick Herrington & Sutcliffe LLP 1 *,0..0 Herbert Smith Freehills 1 1 0, ,.1. Weil Gotshal & Manges 1 1*,1. 0. Dentons 1 0*, *,. 1. Goodwin Procter LLP 0, ,..0 Bryan Cave LLP 0* 1,.. Eversheds Stikeman Elliott * * 1*., Kim & Chang *, Paul, Weiss * *,.0. Paul Hastings LLP 0 1,..1 AZB & Partners * *,. 1.0 McDermott Will & Emery * * Squire Patton Boggs LLP 0 1 1, Mori Hamada & Matsumoto 1 1*,1..1 Ashurst * 1,. 1.1 Sidley Austin LLP * * 0,1.. Wilson Sonsini Goodrich & Rosati * * 1,. 0.0 Gibson Dunn & Crutcher * 1, 1. Willkie Farr & Gallagher 0* 0,.. Osborne Clarke * Nagashima Ohno & Tsunematsu * 0*,..0 Davis Polk & Wardwell * *,0.1. Miller Thomson * *. 1. Shearman & Sterling LLP 1 * 1, Simpson Thacher & Bartlett *,.. Dechert * * 1 1,0. 1. Cooley LLP * 1, McGuireWoods LLP * 1* Nishimura & Asahi * 1 1,0.. Cuatrecasas Goncalves Pereira * Gide Loyrette Nouel * * 1, Mayer Brown LLP 1 1,.1 0. PwC Legal LLP 0* * 1,0. 1. Osler Hoskin & Harcourt LLP 0* 1,0.. O'Melveny & Myers 1*,.0 Loyens & Loeff * * 1,0. Hengeler Mueller * * 1,1. Noerr LLP * *. 1 Khaitan & Co * 1* 1,.1 Sullivan & Cromwell * *,. 1 Anderson Mori & Tomotsune * 0* 1,1.1 Ellex * 1* 1. 1,,.0. $ Africa/Middle East Americas AsiaPacific Europe Japan Worldwide Cross Border Volume up to 0m Jan 1 Jun 0,000,,1,1,00 Q Volume (US$b) Number of Deals,,,,0,,,000,0,,0,00,0,000 1,00 1,000 $ *tie

5 First Half 01 MidMarket M&A Up To US0m US Target MidMarket Rankings (MML0) MML0 Undisclosed Values & Values up to US0m Jan 1 Jun 0 US MidMarket M&A up to US0m by Rank Value Range per Advisor # of Rank 01 YoY Rank Value US$m Rank Val Chg (%) 1 1,. 0. Kirkland & Ellis 1 1,1.1. Latham & Watkins,. 1. Morgan Lewis & Bockius 0, , Goodwin Procter LLP,1. Bryan Cave LLP 1,..0 Paul, Weiss 1 0, Wilson Sonsini Goodrich & Rosati Sidley Austin LLP * 1 1,. 1, ,1.. Weil Gotshal & Manges 1 1* 0 1,1.. Orrick Herrington & Sutcliffe LLP 1 1 * * 1. 1, McGuireWoods LLP Gibson Dunn & Crutcher Cooley LLP 1* 1* 1 1* *.,. 1, Paul Hastings LLP 1 1* Davis Polk & Wardwell 1* 0*,1. 1. Willkie Farr & Gallagher 1* 1, Fenwick & West LLP 1 1,.0. McDermott Will & Emery * 0*.0. Akin, Gump, Strauss, Hauer & Feld Vinson & Elkins LLP Sullivan & Cromwell * * * * * 1* 0,00.,.0, * 0* 1,.. O'Melveny & Myers * 1* 1 1,1. 0. Dechert * * 1,. 10. Wachtell Lipton Rosen & Katz * *,. 0. King & Spalding Andrews Kurth LLP 0 1* 1 * , Morrison & Foerster 1* 1 0 1,.0.1 Simpson Thacher & Bartlett Winston & Strawn 1* * * 1* 1 1,. 1, Fried Frank Harris Shriver & Jacobson * 0* Ropes & Gray * * 1, Alston & Bird * * 1 1, Cravath, Swaine & Moore * 1* 1, Dorsey & Whitney LLP * 1. 1*. Troutman Sanders LLP * * * * 1 0 1,0..0 Proskauer Rose LLP 1* * 1 1 1,.. Greenberg Traurig 1* 1* 1.. Choate, Hall & Stewart LLP 1* * * * Shearman & Sterling LLP * 1,. 1. Foley & Lardner * Blank Rome LLP * 1* 1.. K&L Gates * * Squire Patton Boggs LLP * * 1.. Baker & Hostetler LLP * 0* Cleary Gottlieb Steen & Hamilton * * 1.. Covington & Burling * Arnold & Porter * * 1 1,1., 1 0,..1 $ US MidMarket M&A up to US0m by Target Industry.%.%.% US0 00m US 00m US 0m US 0m.%.1%.%.%.% 1.% 1.% 1.1% 1.% Real Estate,000,00,000 1,00 1, Jan 1 Jun 0 *tie

6 First Half 01 MidMarket M&A Up To US0m Latin America Involvement MidMarket Rankings (MML1) MML1 Undisclosed Values & Values up to US0m Jan 1 Jun 0 Latin American MidMarket M&A up to US0m by Rank Value Range per Advisor # of Rank 01 YoY Rank Value US$m Rank Val Chg (%) Tozzini Freire Teixeira e Silva 1 * Pinheiro Neto Advogados * Souza, Cescon, Barrieu & Flesch Advogados * * 1.. Mattos Filho Veiga Filho Marrey Jr Machado Meyer Sendacz & Opice Stocche Forbes Advogados 1* Barbosa Mussnich & Aragao * 1.. Veirano Advogados * Azevedo Sette Avogados * 1* 1. Lefosse Advogados 1* * 1.. Lobo & de Rizzo Advogados 1* 1* Demarest Advogados 1*. 0.1 Carey & Cia 1* 1* Cleary Gottlieb Steen & Hamilton 1* 1. 1* 0. 1* * 0 * 1* 1* *. 0* 0* 1 1. * 0. Bandiera Advogados 0* * Uria Menendez 0* * 1. *.0 Osler Hoskin & Harcourt LLP 0*.0 1 Shearman & Sterling LLP * *.. Levy & Salomao Advogados * 0 * Creel, GarciaCuellar y Muggenburg * * Perez Llorca * * Osborne Clarke * 1.1 * 0* 0 * Nishimura & Asahi * * 1 * Garrigues *. 0 Cuatrecasas Goncalves Pereira * * * Noerr LLP * * 1 * PwC Legal LLP * 0* Lacaz Martins, Pereira Neto, Gurevich e Schoueri * * Pinheiro Guimaraes * 1* * Weil Gotshal & Manges * 0* 0 * * 0* Dias Carneiro Advogados * 1* ,.. $1 $1 $1 $1 $ $ $ $ $ Latin American MidMarket M&A up to US0m by Target Industry.1%.% US0 00m US 00m US 0m US 0m.%.1%.0%.%.0% Real Estate Jan 1 Jun 0.%.% 0.% 1.% *tie

7 First Half 01 MidMarket M&A Up To US0m European Involvement MidMarket Rankings (MML0) MML0 Undisclosed Values & Values up to US0m Jan 1 Jun 0 European MidMarket M&A up to US0m by Rank Value Range per Advisor # of Rank Value 01 YoY Rank US$m Euro mil Rank Val Chg (%) CMS 1 1 1,0.1,1.. 1,.,.0. 1,.,.. * 0,.,0.. * 0,.0,0. 1.,.,. 0.,., ,. 1,.. 0,0.1,.. * Dentons * 1 1,0. 1,.1 1. Eversheds 1* *..1.1 Latham & Watkins 1*,00.,. 0. Orrick Herrington & Sutcliffe LLP 1 1,. 1, Herbert Smith Freehills 1 1* 0,., Osborne Clarke 1 * Weil Gotshal & Manges 1 1 * 1,. 1,. 1,. 1, Squire Patton Boggs LLP 1 1,.0 1,.. King & Wood Mallesons 0 1,,. 1.0 Cuatrecasas Goncalves Pereira 1* 1* Gide Loyrette Nouel 1* Ashurst * 0* 1... PwC Legal LLP * 0* 1,.1 1, Loyens & Loeff * * 1, Hengeler Mueller * * 1,1. 1,0.. Noerr LLP * *..1. McDermott Will & Emery * * * * 1.,.., Ellex Lamartine Conseil * 1 * * NCTM Paul Hastings LLP Travers Smith * * * * * ,.0 1, ,. 1, Gianni Origoni Grippo Cappelli & Partners Fidal * * * 1,.. 1,0. 0. * Castren & Snellman Mannheimer Swartling Advokatbyra Mayer Brown LLP * * * * Kirkland & Ellis * *. 0.. Kromann Reumert 1 *.1.. Heuking Kuehn Lueer Wojtek * * Studio Pedersoli e Associati * * 1... Bird & Bird * *..0.0 Morgan Lewis & Bockius Chiomenti Studio Legal * * * 0* 1,1. 1,1. 1,.0 1, Havel Holasek & Partners sro * * 1.. *. Olswang * * Willkie Farr & Gallagher * * 1,.0 1,.. Dechert 0* Addleshaw Goddard 0* * Stibbe 0* 1* Cleary Gottlieb Steen & Hamilton * 1* 0.0. Shearman & Sterling LLP * * 0 1,. 1,1. Gateley LLP * 1* *,0 1,.1,..1,000,00,000,00,000,00,000 1,00 1,000 $ 00 US0 00m US 00m US 0m US 0m European MidMarket M&A up to US0m by Target Industry Jan 1 Jun 0.%.% Real Estate 1.1%.%.%.% 1.%.%.1%.%.%.%

8 First Half 01 MidMarket M&A Up To US0m UK Involvement MidMarket Rankings (MML0) MML0 Undisclosed Values & Values up to US0m Jan 1 Jun 0 UK MidMarket M&A up to US0m by Rank Value Range per Advisor # of Rank Value 01 YoY Rank US$m GBP mil Rank Val Chg (%) Squire Patton Boggs LLP 1,... CMS * 1 1,0... Dentons * 1* 1 1,1.. 1 Eversheds * * 1* * 1 1,1. 1,.. * 1,. 1, Osborne Clarke * 1* * 0 1,. 1,0.. Herbert Smith Freehills * 1 * 0, , Travers Smith 1 1,0... 1* * 1*.. 1. Addleshaw Goddard 1* * Latham & Watkins 1* 1* Ashurst 1* Gateley LLP 1* * Kirkland & Ellis 0 0* * * 1... Olswang 1* 1* 1.1. Slaughter & May King & Wood Mallesons Morgan Lewis & Bockius * * * * 1* 1* * * * , Orrick Herrington & Sutcliffe LLP * * Weil Gotshal & Manges * * Willkie Farr & Gallagher 0 * Macfarlanes 1* * Reed Smith LLP PwC Legal LLP 1* 1* 0* * McDermott Will & Emery * * 1* Webber Wentzel * * Noerr LLP * *... Simpson Thacher & Bartlett * * Nabarro * * Fried Frank Harris Shriver & Jacobson * * Loyens & Loeff 0* *.. 0. Studio Pedersoli e Associati 0*.. 1* Pinsent Masons 0* * Bird & Bird 0* 1* Stikeman Elliott * * Sidley Austin LLP *..0 * Shearman & Sterling LLP * * Cooley LLP * * Gibson Dunn & Crutcher * * Paul, Weiss * *.0 1. *. 1, 1,.,. 1. 1,00 $ 1, $ 00 $1 00 $ 00 $ US0 00m US 00m US 0m US 0m UK MidMarket M&A up to US0m by Target Industry Jan 1 Jun 0.% Real Estate.% 1.0%.%.%.% 1.%.%.%.%.% *tie

9 First Half 01 MidMarket M&A Up To US0m French Involvement MidMarket Rankings (MML0) MML0 Undisclosed Values & Values up to US0m Jan 1 Jun 0 French MidMarket M&A up to US0m by Rank Value Range per Advisor # of Rank Value 01 YoY Rank US$m Euro mil Rank Val Chg (%) CMS *. Gide Loyrette Nouel Lamartine Conseil * Fidal. 0. * 0. 1, 0.. * 1* 1 1 1,00... Orrick Herrington & Sutcliffe LLP * * * * * * Latham & Watkins * Weil Gotshal & Manges 1 1* De Pardieu Brocas Maffei 1* * PwC Societe D'Avocats SELAS 1* 1* Dentons 1 1* * * * 1 1 0* Dechert 1* * Arsene Taxand 1* 1* 0* Mayer Brown LLP 1* 1* 1.0 * 1.0 Bredin Prat * 1* 1 1,.0 1, McDermott Will & Emery * * PINOT DE VILLECHENON ASSOCIES SCP * * 1.. Willkie Farr & Gallagher * King & Wood Mallesons * 1* Paul Hastings LLP * Herbert Smith Freehills * * Cleary Gottlieb Steen & Hamilton * * * 1* 1.. Darrois Villey Maillot Brochier 1* 1* 1,. 1,.. Lamy & Associes 1* 1* Taj 1* 0*.. *.1 Ernst & Young Societe d'avocats SELAS 1* 1*..0 0*. Chammas & Marcheteau * * * *...0 HPML SELARL * 0* Reed Smith LLP * * *. SBAvocats SELARL * 1* Piotraut Gine Avocats SELARL *..1 1 Eversheds * *.. 1. LB Avocats * *. 0.. K&L Gates *..1 1 Jeantet & Associes * * 0* Hengeler Mueller * * Bignon Lebray & Associes * * De Gaulle Fleurance & Associes * * Joffe & Associes * * Fidufrance Avocats * *.. LAMY LEXEL Avocats Associes * * LL Berg * 0* Brunswick societe d'avocats * *.. 1. Scemla Loizon Veverka & de Fontmichel * 1*. 0. Agilys SA * 0* 0* August & Debouzy Avocats * * * Olswang * 0*..0 *.0 Simpson Thacher & Bartlett * 1. 1, 1,. 1,.1. $1 1, $1 00 $ $ 00 $ 00 $ $ 0 US0 00m US 00m US 0m US 0m French MidMarket M&A up to US0m by Target Industry Jan 1 Jun 0.%.% Real Estate.% 0.%.%.%.0% 1.%.%.%.%

10 First Half 01 MidMarket M&A Up To US0m German Involvement MidMarket Rankings (MML0) MML0 Undisclosed Values & Values up to US0m Jan 1 Jun 0 German MidMarket M&A up to US0m by Rank Value Range per Advisor # of Rank Value 01 YoY Rank Rank Rank Deals US$m Euro mil Rank Val Chg (%) CMS 1 1 1,. 1,1.. Noerr LLP Hengeler Mueller * Heuking Kuehn Lueer Wojtek * * * 1* * Osborne Clarke * Luther Rechtsanwaltsgesellschaft mbh * * * * 1 1,1. 1,1. 1. * 1* * 1* , Gleiss Lutz 1* * Latham & Watkins 1* 1* * * 1* P+P Pollath + Partners 1* 1* McDermott Will & Emery 1* 1* *. Dentons 1* 1* Orrick Herrington & Sutcliffe LLP 0 1*.0.1 Rodl Global Rechtsanwaltsgesellschaft mbh 1* 1..0 Milbank Tweed Hadley & McCloy 1* *. 0.. Ashurst * 0. * * 1 * King & Wood Mallesons * 1* Paul Hastings LLP * * 0.. Loyens & Loeff * 1* * Roedl und Partner * 0* * Shearman & Sterling LLP * * Tozzini Freire Teixeira e Silva * * Mayer Brown LLP * * * * *..0 Herbert Smith Freehills * 1*.1 1. *. Eversheds * * * Bird & Bird * * Reed Smith LLP * * * Schoenherr Attorney's at Law * 0.0 *. * * 0. Bryan Cave LLP * *.0 Gibson Dunn & Crutcher * *. 0.. Morrison & Foerster * * * Slaughter & May *.1 1. * Dechert * * AZB & Partners *.. Mannheimer Swartling Advokatbyra * * * Cuatrecasas Goncalves Pereira * 0* 0 * PwC Legal LLP * * 1 * Advokatfirman Vinge * * 1.. * Ellex * * Debevoise & Plimpton * * 1,0 1,0. 1,1. $ $ 00 $ 00 $ $ 00 $ 0 US0 00m US 00m US 0m US 0m German MidMarket M&A up to US0m by Target Industry Jan 1 Jun 0 Real Estate.%.%.%.%.1%.0%.%.1%.% 1.%.%

11 First Half 01 MidMarket M&A Up To US0m Italian Involvement MidMarket Rankings (MML0) MML0 Undisclosed Values & Values up to US0m Jan 1 Jun 0 Italian MidMarket M&A up to US0m by Rank Value Range per Advisor # of Rank Value 01 YoY Rank US$m Euro mil Rank Val Chg (%) NCTM Gianni Origoni Grippo Cappelli & Partners 1,. 1,0. 1. Chiomenti Studio Legal 1 1,1. 1, Studio Pedersoli e Associati 1* 1... * * 1 1,. 1,1.. * * Gattai Minoli Agostinelli & Partners * * * Orrick Herrington & Sutcliffe LLP * * * * Bonelli Erede e Pappalardo * d'urso Gatti e Associati 1* 1* * * * 1*. 0. Legance Studio Legale Associato 1* * Paul Hastings LLP 1 1* 1* *. 0. CMS 1* 1* Pirola, Pennuto, Zei & Associati 1* 1* *..0 1* 1* PwC Legal LLP * * Accinni, Cartolano & Associati Studio Legale * * * * * *. 0. 1*. Simmons & Simmons * *. 1. 1* 1. Shearman & Sterling LLP * 1* Lombardi Molinari e Associati * 1* Osborne Clarke * * 1* Homburger *.. * King & Wood Mallesons * *.0. Gitti Raynaud & Partners * 1* ORSINGHER ORTU Avvocati Associati * * 1* Eversheds * * 1* Cleary Gottlieb Steen & Hamilton * * 0 1* BrandfordGriffith & Associes *. 1. * Roedl und Partner *.0.0 Biscozzi Nobili * * 1 1* Fidufrance Avocats *. 1. * Noerr LLP * * 1. 0 CBA Studio Legale e Tributario * * Russo De Rosa Bolletta & Associati * * Craca Pisapia Tatozzi * 1. 0 * LCA Studio Legale * 0.. Grimaldi e Associati * * Latham & Watkins * * ,1.,. 0.1 $ 0 $ 00 $ 0 $ 00 $ $ 0 $ $1 0 US0 00m US 00m US 0m US 0m Italian MidMarket M&A up to US0m by Target Industry Jan 1 Jun 0.%.% Real Estate 0.%.%.%.1% 1.%.%.0%.%.%

12 First Half 01 MidMarket M&A Up To US0m Spanish Involvement MidMarket Rankings (MML0) MML0 Undisclosed Values & Values up to US0m Jan 1 Jun 0 Spanish MidMarket M&A up to US0m by Rank Value Range per Advisor # of Rank Value 01 YoY Rank US$m Euro mil Rank Val Chg (%) Cuatrecasas Goncalves Pereira PwC Legal LLP 1,0...1 * 1,01. 1, Uria Menendez Deloitte * 1... Perez Llorca * * Garrigues * CMS 1*... * 1... King & Wood Mallesons * * * 1* Latham & Watkins * 1* 0 * 1* * * 1*..0 *. Herbert Smith Freehills 1* 1* * 1* * *. Gomez Acebo & Pombo 1* *... 1* 1*..0 *.0 Ashurst 1* 1* 1 * Rousaud Costas Duran SLP 1* Orrick Herrington & Sutcliffe LLP 1* *. 1.0 *. Chiomenti Studio Legal 1*. 1.0 * Torys * De Pardieu Brocas Maffei * * 1 * Gianni Origoni Grippo Cappelli & Partners * 0.. * * * * Gibson Dunn & Crutcher *..0 0* Squire Patton Boggs LLP * * Carey & Cia * * Machado Meyer Sendacz & Opice * 1* 0 * Proskauer Rose LLP * * *. 1,.,1..1 $ $ $ $ $ $ $.%.% $ 0 $1 0 US0 00m US 00m US 0m US 0m Spanish MidMarket M&A up to US0m by Target Industry Jan 1 Jun 0 Real Estate.1%.%.% %.%.%.%.%.% *tie

13 First Half 01 MidMarket M&A Up To US0m Nordic Involvement MidMarket Rankings (MML0) MML0 Undisclosed Values & Values up to US0m Jan 1 Jun 0 Nordic MidMarket M&A up to US0m by Rank Value Range per Advisor # of Rank Value 01 YoY Rank US$m Euro mil Rank Val Chg (%) Castren & Snellman 1 * Kromann Reumert *.1.. Mannheimer Swartling Advokatbyra * Advokatfirman Vinge Roschier 1 1,. 1,.0 1. Borenius Ltd 1* Advokatfirmaet Thommessen AS CMS * 1* * Gorrissen & Federspiel * * Advokatfirman Delphi * Hannes Snellman 1 * Wikborg Rein & Co 1 * Bird & Bird 1* * * *... Ellex 1* *... 1* Latham & Watkins 1* SORAINEN 1* 1* Heuking Kuehn Lueer Wojtek 0*.0.0 * Accura Advokataktieselskab 0* *..0 1* 0* * Hengeler Mueller 0* *.. Dentons 0* * * *.. 1. Orrick Herrington & Sutcliffe LLP 0* 0. 1 Weil Gotshal & Manges 0* 1* ,0 1 1,. 1,0.. $1 $1 $ $ $ $ 00 $ 0 US0 00m US 00m US 0m US 0m Nordic MidMarket M&A up to US0m by Target Industry Jan 1 Jun 0.%.% Real Estate 1.%.% %.%.% 1.1%.1%.0%.%

14 First Half 01 MidMarket M&A Up To US0m Benelux Involvement MidMarket Rankings (MML) MML Undisclosed Values & Values up to US0m Jan 1 Jun 0 Benelux MidMarket M&A up to US0m by Rank Value Range per Advisor # of Rank Value 01 YoY Rank US$m Euro mil Rank Val Chg (%) 1 1 1,. 1,.1. Loyens & Loeff 0 1,0...0 * 1,.1 1,0.. CMS.. 0. Stibbe * * 1 1,1.0 1,1.. * 1 1,0. 1, Houthoff Buruma * * * * 1... Eversheds 1* 0* 0* Dentons 1* * *.. 1 Weil Gotshal & Manges 1* 1* NautaDutilh 1 * 0... Hengeler Mueller 1* 0* Mayer Brown LLP 1* 1* Kim & Chang 0* 0* * 0* *. King & Wood Mallesons 0* 0* 0* Paul Hastings LLP 0* * Squire Patton Boggs LLP 0* * Latham & Watkins 0* *. 1. 0* * 0* Cleary Gottlieb Steen & Hamilton * * 0* Bird & Bird * 0* 1.. * 0. Perez Llorca * * De Brauw Blackstone Westbroek * * Van Doorne *..1 Travers Smith * *.. NCTM * * 0* Cuatrecasas Goncalves Pereira * 1* Deloitte * 1* Souza, Cescon, Barrieu & Flesch Advogados *.. * Dvan * 0* Bar & Karrer *.. 1 1,.1 1,0. 1. $1 $1 $1 $ $ $ $ 0 $ US0 00m US 00m US 0m US 0m Benelux MidMarket M&A up to US0m by Target Industry Jan 1 Jun 0.%.%.% 1.%.%.1% 1.% Real Estate %.1%.%.% 1

15 First Half 01 MidMarket M&A Up To US0m Eastern Europe Involvement MidMarket Rankings (MML1) MML1 Undisclosed Values & Values up to US0m Jan 1 Jun 0 Eastern European MidMarket M&A up to US0m by Rank Value Range per Advisor # of Rank Value 01 YoY Rank US$m Euro mil Rank Val Chg (%) Ellex 1 1* Havel Holasek & Partners sro Dentons * * CMS Schoenherr Attorney's at Law * SORAINEN * Cobalt * 1* * Weil Gotshal & Manges * * 1* Noerr LLP 1* * * * 1.. 1* *.. *.1 Balcioglu & Selcuk 1* 1*..0 Herbert Smith Freehills 1* 1* Squire Patton Boggs LLP 1* 1* Orrick Herrington & Sutcliffe LLP 1* * * * * Eversheds * * * Kinstellar * * Gide Loyrette Nouel * * * Morgan Lewis & Bockius * * * Mannheimer Swartling Advokatbyra * * Nishimura & Asahi * * Alrud * * Cassels Brock & Blackwell LLP *.0.0 Gleiss Lutz * * 1 * Travers Smith *.. * Advokatfirman Glimstedt * * Cliffe Dekker Hofmeyr *.. 1 Bar & Karrer * Kirkland & Ellis * * 1 * Wolf Theiss Rechtsanwaelte * * * * 0 * 1,1 1,0.,1.. $1 1,00 $ 1,000 $ 00 $ 00 $ 00 $ 00 US0 00m US 00m US 0m US 0m Eastern European MidMarket M&A up to US0m by Target Industry Jan 1 Jun 0.%.%.% 1.%.0% Real Estate.%.% 1.%.%.%.%.% 1

16 First Half 01 MidMarket M&A Up To US0m Hochinma Involvement MidMarket Rankings (MML1) MML1 Undisclosed Values & Values up to US0m Jan 1 Jun 0 Hochinma MidMarket M&A up to US0m by Rank Value Range per Advisor # of Rank Value 01 YoY Rank US$m Rank Val Chg (%) King & Wood Mallesons 1,. 1. AZB & Partners 1 1,. 1. Khaitan & Co 0.. Zhong Lun Law Firm 1,.. J Sagar Associates * Grandall Law Firm *,. 1.1 Fangda Partners ,0.. Shardul Amarchand Mangaldas & Co 1* 1.. Herbert Smith Freehills * 1 1,1. 1. * Jia Yuan Law Offices 1* * 1.0. Commerce & Finance Law Offices 1* 0* 1. 1* 1 1 1,.1. Grandway Law Offices 1* 1 1,0.. 1* * 1 1,.. Trilegal 1 * AllBright Law Offices 1* 0* 1 1 1,. 1. BMR Legal 1* 0* Bathiya Legal 1* 0* Haiwen & Partners 1* * 1 0 1, Orrick Herrington & Sutcliffe LLP 1* * 1.. Latham & Watkins 1* * 1 1, * * * 0* 1,. 0. Beijing Kangda Law Firm * 1* * 0* 0 1, * * Ashurst * * 0.. * 1* 1..1 Tian Yuan Law Firm * *. 1. Davis Polk & Wardwell * * 1 1, Dacheng Law Offices * AnJie Law Firm *. 1 China Commercial Law Co * * * Allen & Gledhill * *.. Mayer Brown LLP * 0*..0 Jincheng Tongda & Neal Law Firm * 0* 1,1. 1. * * 1. Dentons * 1* 1.1. Cyril Amarchand Mangaldas * 1*.0. Kirkland & Ellis * 0* 1,.. Deheng Law Offices Shearman & Sterling LLP Economic Laws Practice * * * * 0* * 1 1, JunHe LLP *.1. Weil Gotshal & Manges * *. 0. Paul Hastings LLP * *. 1., 1,.0.0 $,000,00,000 1,00 1, US0 00m US 00m US 0m US 0m Hochinma MidMarket M&A up to US0m by Target Industry Jan 1 Jun 0.%.% 1.%.% Real Estate.%.% 1.%.0% 1.%.%.% *tie 1

17 First Half 01 MidMarket M&A Up To US0m Hong Kong Involvement MidMarket Rankings (MML1) MML1 Undisclosed Values & Values up to US0m Jan 1 Jun 0 Hong Kong MidMarket M&A up to US0m by Rank Value Range per Advisor # of Rank Value 01 YoY Rank US$m Rank Val Chg (%) 1 * * 1.. Fangda Partners * 1*.0 1. Herbert Smith Freehills * * Kirkland & Ellis * 1*. 1. Zhong Lun Law Firm * * Mayer Brown LLP *.. * 1* 1..0 * * 1.. Ashurst * *. 0.1 Davis Polk & Wardwell * * * * 1.. * 1* 1.. * * King & Wood Mallesons * *..1 Commerce & Finance Law Offices * 0* Latham & Watkins * 0* 1 0. Stikeman Elliott 1* 1* *. Dechert 1* 0. 1 Shearman & Sterling LLP 1* 1* 1 0* Allen & Gledhill 1* 0* China Commercial Law Co 1*. Dacheng Law Offices 1* * * *..0 Paul Hastings LLP 1* * Dentons 1* * AnJie Law Firm 1*. Minter Ellison 1* 1* 1. 1 Proskauer Rose LLP 1* * * 1* * 0* Weil Gotshal & Manges 1*. Simpson Thacher & Bartlett 1* * * Gibson Dunn & Crutcher 1*. Grandall Law Firm 1*. 1,0.. $1 $1 $1 $1 $ $ $ $ $ US0 00m US 00m US 0m US 0m Hong Kong MidMarket M&A up to US0m by Target Industry.%.%.%.0%.%.% Real Estate Jan 1 Jun 0.%.%.% 1.%.%.1% 1

18 First Half 01 MidMarket M&A Up To US0m Australia/New Zealand Involvement MidMarket Rankings (MML) MML Undisclosed Values & Values up to US0m Jan 1 Jun 0 Australia/New Zealand MidMarket M&A up to US0m by Rank Value Range per Advisor # of Rank Value 01 YoY Rank US$m Rank Val Chg (%) Herbert Smith Freehills 1, King & Wood Mallesons 1,1.0. Allens * ,.. Minter Ellison * 1 1,0.. Ashurst * 1 1, HWL Ebsworth Lawyers 1.. * Gilbert + Tobin * *. 1. * 1.. Bell Gully 1*.0 Chapman Tripp 1* K&L Gates 1* 1* 1.. Simpson Grierson 1* 0*.. Talbot Sayer Lawyers 1* * 1.. Thomson Geer 1* * 0* Kain C+C Lawyers Pty Ltd 1* 1* 1. Corrs Chambers Westgarth 1* * 0.. 1* * 1. 1* 1 0*. *. 1 China Commercial Law Co *. 1 Clayton Utz * * * 0* Johnson Winter & Slattery * O'Melveny & Myers * *. 1. Simpson Thacher & Bartlett * * Stikeman Elliott 0* * 1.. J Sagar Associates 0*.0 Dorsey & Whitney LLP 0* 1 Paul Hastings LLP 0* 1 Bryan Cave LLP 0* * 1 * Dentons 0* * 1 * Squire Patton Boggs LLP 0* * Kirkland & Ellis 0* * McCullough Robertson 0* 1* * Blake Cassels & Graydon 0* * 1..1 Orrick Herrington & Sutcliffe LLP 0* 1. Steinepreis Paganin 0* * ,.. $1 00 $1 00 $1 00 $ 00 $ 00 $ 00 $ $ 0 US0 00m US 00m US 0m US 0m Australia/New Zealand MidMarket M&A up to US0m by Target Industry Jan 1 Jun 0.%.1% Real Estate.%.%.%.%.% 1.%.%.% 1.% 1

19 First Half 01 MidMarket M&A Up To US0m Singapore Involvement MidMarket Rankings (MML1) MML1 Undisclosed Values & Values up to US0m Jan 1 Jun 0 Singapore MidMarket M&A up to US0m by Rank Value Range per Advisor # of Rank Value 01 YoY Rank US$m Rank Val Chg (%) Allen & Gledhill , WongPartnership LLP * 1..1 *. Rajah & Tann LLP * Morgan Lewis & Bockius *. * * * * Latham & Watkins * *..0 * * Mori Hamada & Matsumoto * 1* Orrick Herrington & Sutcliffe LLP *. Shook Lin & Bok LLP * 1.. Khaitan & Co * 1* *. AZB & Partners * * 1.. Ashurst 1* 1* J Sagar Associates 1* 1. 0 Kim & Chang 1*. 1* 1* 0 1. Dentons 1* * * Herbert Smith Freehills 1* * 1. *. Cyril Amarchand Mangaldas 1* * 1 1. * Drew & Napier 1* * Trilegal 1* * * Simmons & Simmons * * 1 * *. Wikborg Rein & Co * * 1.0 Goodwin Procter LLP Nishimura & Asahi * * * * * Davis Polk & Wardwell *. Mayer Brown LLP * * * * 1.1 *. Shardul Amarchand Mangaldas & Co * 1* 1 1. * Simpson Thacher & Bartlett * 1. Proskauer Rose LLP *. 1 Fangda Partners * 1* ,0.. $1 00 $ 0 $ 00 $ $ 0 $ 0 US0 00m US 00m US 0m US 0m Singapore MidMarket M&A up to US0m by Target Industry Jan 1 Jun 0.%.% Real Estate.% 1.%.%.%.0% 1.%.% 1.% 1

20 First Half 01 MidMarket M&A Up To US0m Japanese Involvement MidMarket Rankings (MML1) MML1 Undisclosed Values & Values up to US0m Jan 1 Jun 0 per Advisor # of Rank Value 01 YoY Rank US$m Rank Val Chg (%) Mori Hamada & Matsumoto 1 1,1.. Nagashima Ohno & Tsunematsu Nishimura & Asahi,. 1, Anderson Mori & Tomotsune 1, * Morrison & Foerster 1* * * * TMI Associates.. Kim & Chang * 1* 1.1. Herbert Smith Freehills * * * *.0 1. Simpson Thacher & Bartlett * * 1* 1.0 1* 1* OhEbashi LPC & Partners 1* * * 1* 1 * HibiyaNakata 1* 1* 0.. Morgan Lewis & Bockius 1* * * Latham & Watkins 1* * 1 1. * 1. Shearman & Sterling LLP 0* * * * Kitahama Partners 0* 1* Gleiss Lutz 0* *. 0* *.0 *. Utsunomiya & Shimizu 0* 1. CMS * 1* 1. 1 Abe, Ikubo & Katayama * * Ashurst * * 1. City Yuwa Partners * * 1.. Fenwick & West LLP * * 1 * Lee & Ko * 1*.1. Khaitan & Co * 1* 1. * Eversheds * * O'Melveny & Myers * * Orrick Herrington & Sutcliffe LLP * 1* 0 * 1,1,. 1.1 Japanese MidMarket M&A up to US0m by Rank Value Range $1 $1 $1 $1 $ $ $ $ $ 1, US0 00m US 00m US 0m US 0m Japanese MidMarket M&A up to US0m by Target Industry Jan 1 Jun 0.%.% Real Estate.%.0%.% %.1%.% 1.%.%.% 1

21 First Half 01 MidMarket M&A Up To US0m Chinese Involvement MidMarket Rankings (MML0) MML0 Undisclosed Values & Values up to US0m Jan 1 Jun 0 Chinese MidMarket M&A up to US0m by Rank Value Range per Advisor # of Rank Value 01 YoY Rank US$m Rank Val Chg (%) King & Wood Mallesons 1 *,.1 1. Grandall Law Firm * *,. 1.1 Zhong Lun Law Firm * 1,. 1. Fangda Partners Jia Yuan Law Offices * 1* 1.0. Commerce & Finance Law Offices * * 1. Grandway Law Offices * 1 1,0.. * * 1 1, AllBright Law Offices * * 1 1 1,. 1. * * Beijing Kangda Law Firm * 1* Herbert Smith Freehills * * Haiwen & Partners * 1* 1 1,1. 0. Orrick Herrington & Sutcliffe LLP * * 0.. * 1* Tian Yuan Law Firm 1* 1* Dacheng Law Offices 1* Davis Polk & Wardwell 1* 1* 1 1, China Commercial Law Co 1* * AnJie Law Firm 1*.1 1* 1* Ashurst 1*. 1 1* *.. Jincheng Tongda & Neal Law Firm 1* 1 1,1.. Deheng Law Offices 1* 1* 1 1,0.. * * * JunHe LLP * * * Mayer Brown LLP * *. Weil Gotshal & Manges * *. 1.0 Latham & Watkins * * 1 1,.. CMS * 1* 1. 1 Dentons *. * * Jingtian & Gongcheng * * Allen & Gledhill * *. 1. * * Tianhe Law Firm * 1* Squire Patton Boggs LLP * * Lee and Li * * 0. 0* 1.0 O'Melveny & Myers * * Paul, Weiss * * 0 0 *. Simpson Thacher & Bartlett * * 1. Paul Hastings LLP * * Cleary Gottlieb Steen & Hamilton * 0. Bae Kim & Lee * * Shu Jin Law Firm * 1*.. Hengeler Mueller * * Sidley Austin LLP * * Noerr LLP * *. 1 * 1* Fenwick & West LLP * 1* Hairun Law Firm * * Morgan Lewis & Bockius * * 1.. Shin & Kim * * Gibson Dunn & Crutcher * * Gide Loyrette Nouel *.,0 1 1, $,00,000 US0 00m US 00m US 0m US 0m Chinese MidMarket M&A up to US0m by Target Industry Jan 1 Jun 0.%.% 1.% Real Estate.%.%.%.% 1.%.% 1.%.% 1,00 1,000 1

22 First Half 01 MidMarket M&A Up To US0m Indian Involvement MidMarket Rankings (MML1) MML1 Undisclosed Values & Values up to US0m Jan 1 Jun 0 Indian MidMarket M&A up to US0m by Rank Value Range per Advisor # of Rank Value 01 YoY Rank US$m Rank Val Chg (%) AZB & Partners , Khaitan & Co 0.. J Sagar Associates Shardul Amarchand Mangaldas & Co * 1.. Trilegal BMR Legal * * Bathiya Legal * * Cyril Amarchand Mangaldas *.0. Economic Laws Practice Latham & Watkins 1 1 Shearman & Sterling LLP * * Luthra & Luthra Law Offices * * 0.. * 1*. 1. 1* 1* 1.0 Cuatrecasas Goncalves Pereira 1* * * Tatva Legal 1* HSA Advocates 1* * 0. 1* 1. 1 Kirkland & Ellis 1* 1* *. Dechert 1* * 1 * Nishith Desai Associates 1*.0 0 1*.1 * 1* 1* DSK Legal 1* 1* *.1 * Allen & Gledhill 1* * 1.0. Paul Hastings LLP 1* * Morgan Lewis & Bockius 1* * 1 * Herbert Smith Freehills 1* 1* 1 * Majmudar & Partners 1* 1* 0 1. Clove Legal 1* * 1 * Paul, Weiss 1* * Eversheds 1* 1. Greenberg Traurig 1* *,.. $ $ $ $ $ $ $ $ $ $1 Indian MidMarket M&A up to US0m by Target Industry Jan 1 Jun 0.% US0 00m US 00m US 0m US 0m.%.0%.% 1.1% % 1.% 1.0% 1.% 1.% Real Estate 0

23 First Half 01 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: Announced league tables include all deals that were announced between January 1, 01 and June 0, 01 and of which Thomson Reuters was made aware. All current data and previous year's data is as of 0:00pm EST on July, 01. League tables include rank eligible mergers, acquisitions, repurchases, spinoffs, selftenders, minority stake purchases and debt restructurings. Americas Robert Levine Tel: +1 Europe, Middle East & Africa Ewelina Jarecka Tel: + (0) 0 ewelina.jarecka@thomsonreuters.com AsiaPacific Kai Soriano Tel: + kai.sorianostacruz@thomsonreuters.com Japan Kaori Motohashi (Ishida) Tel: kaori.motohashi@thomsonreuters.com 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. 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. 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. 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. 01 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. 1

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