MID-MARKET M&A REVIEW FINANCIAL ADVISORS. REUTERS / Christian Hartmann

Transcription

1 MIDMARKET M&A REVIEW FINANCIAL ADVISORS REUTERS / Christian Hartmann First Nine Months 1

2 First Nine Months 1 MidMarket M&A Up To US$m s Worldwide MidMarket Rankings (MM1) MM1 Undisclosed Values & Values up to US$m Jan 1 Sept Worldwide MidMarket M&A up to US$m by Target Nation Region Jan 1 Sept per Advisor (US$m) 1 1 # of 1 Advisor 1 ** Fee Rank Rank Deals US$m Rank Change (%) Fees Rank Exp (%) 1, ,...., , , ,.... 1, ,... Sumitomo Mitsui Finl Grp Inc 1 1,.... 1, Houlihan Lokey *,.... Mizuho Financial Group 1, , , , *, ,. 1.. Industrial & Comm Bank China 1 1 1, Evercore Partners 1, Jefferies LLC 1* 1 1, Raymond James Financial Inc 1*, Nomura 1* 1 1, BNP Paribas SA 1* 1, UBS 1* 1, Barclays * 1, Piper Jaffray Cos * 1, Stifel/KBW *, Baker Tilly International *... * RBC Capital Markets * *, * 1 1, Moelis & Co, * 1,1.... Deutsche Bank * 1, CITIC *, Duff & Phelps * 1,... BDO * * Globalscope * Clearwater International *. 1.. Global M&A 1* 1... Grant Thornton * RSM Corporate Fin LLP 1* CFI * * Daiwa Securities Group Inc * *,....1 BMO Capital Markets 1*,.... Generational Equity * Kaede Group * *... Gram Capital *,... *. KBS Corporate Sales Ltd * 1... Robert W Baird & Co Inc, ,,.. 1,.. $ $ $1 $1 $ $ $ $ $ $ $ $ $ $ $ (US$b) Africa/Middle East Americas AsiaPacific Europe Japan Worldwide Estimated MidMarket Investment Banking Fees by Quarter* Investment Banking Fees (US$b) $ % % $ $ $ $1 1% $ % 1Q Q Q Q 1Q Q Q Q 1Q Q Q Q 1Q Q Q Q 1Q Q Q Q 1Q Q Q Q 1Q Q Q Q 1Q Q Q % % % % Percentage of Total Fees MidMarket I.B. Fees ($mil or less) % of Total Fees * ** Fee exposure indicates each firm's midmarket fees from deals valued at up to US$m as a percentage of its overall M&A fees in the relevant region.

3 First Nine Months 1 MidMarket M&A Up To US$m s Latin America Involvement MidMarket Rankings (MM1) MM1 Undisclosed Values & Values up to US$m Jan 1 Sept Latin America MidMarket M&A up to US$m by Range per Advisor (US$m) 1 1 # of 1 Advisor 1 ** Fee Rank Rank Deals US$m Rank Change (%) Fees Rank Exp. (%) Itau Unibanco 1 1, Banco BTG Pactual SA 1, Banco Bradesco SA *. * 1, ,. 1.. *. BNP Paribas SA * 1* BBVA * * * * 1, Santander UBS 1* 1* * * * 1*.. 1, *... * * * * 1, * 1* * * Arab Banking Corporation 1* 1* Scotiabank 1* *... BR Partners 1* 1* * * Banco do Brasil SA 1* * Banco Fator SA * * TD Securities Inc *. 1.. * * 1* GBS Finanzas SA * *.. 1 Global M&A * 1* * * * * Artica Participacoes e Assesso * * RGS Partners *..1 1 * * Banco Votorantim *.. 1 Houlihan Lokey * *. *. 1 Barclays * * INFUPA SA * *.. 1 Cormark Securities Inc * HSBC Holdings PLC *.. 1 CFI * *.. 1 Quarton International *.. 1 Investment One Partners * Brava Negocios Ltda * Cooperatieve Rabobank UA * * National Bank of Canada Fin'l *. 1. 1,....1 (US$b) $1 $1 $1 $ $1 $ $ 1 $ 1 $ $ US$ m US$1 m US$ 1m US$ m Latin America MidMarket M&A up to US$m by Target Industry Jan 1 Sept.%.% 1.%.% Real Estate.% 1.% 1.%.% 1.1% ** Fee exposure indicates each firm's midmarket fees from deals valued at up to US$m as a percentage of its overall M&A fees in the relevant region.

4 First Nine Months 1 MidMarket M&A Up To US$m s European Involvement MidMarket Rankings (MM) MM Undisclosed Values & Values up to US$m Jan 1 Sept European MidMarket M&A up to US$m by Range per Advisor 1 1 # of 1 Advisor 1 ** Fee Rank Rank Deals US$m Euro mil Rank Change (%) Fees Rank Exp. (%) 1,1., ,1., ,., *.,.,1... *. 1,. 1,... 1,1., ,1. 1, BNP Paribas SA 1,1., Baker Tilly International * *,., * 1, Clearwater International Grant Thornton 1* * RSM Corporate Fin LLP 1* * KBS Corporate Sales Ltd * *,., * * 1,.,..1.. BDO * Globalscope * 1,., ,., *. Global M&A *.... UBS *,1.1, Societe Generale * 1,. 1,.... ING * * CFI * * Capitalmind * Houlihan Lokey 1* BCMS Corporate Ltd 1* * Kon SpA 1* * Deutsche Bank *,., Jefferies LLC * 1,. 1, *. *,., Barclays * * 1,1., Natixis * Credit Agricole CIB * 1,. 1,.... Evercore Partners * *,.1, Mazars SA UniCredit * * * Cambon Partners * * DC Advisory * 1* Jones Lang LaSalle Inc * * 1 1,. 1, Benchmark International * * Raymond James Financial Inc * *,1. 1,. 1. Liberum Capital * 1*.... 1*. Cooperatieve Rabobank UA * *.. 1. *., 1, 1,1. 1,..,. 1.1 (US$b) $1 $ $ $ $ $ $ $ $ $1 $ US$ m US$1 m US$ 1m US$ m European MidMarket M&A up to US$m by Target Industry.%.%.%.%.%.%.%.% 1.%.%.% Real Estate,,,,, 1, Jan 1 Sept ** Fee exposure indicates each firm's midmarket fees from deals valued at up to US$m as a percentage of its overall M&A fees in the relevant region.

5 First Nine Months 1 MidMarket M&A Up To US$m s UK Involvement MidMarket Rankings (MM) MM Undisclosed Values & Values up to US$m Jan 1 Sept UK MidMarket M&A up to US$m by Range per Advisor 1 1 # of 1 Advisor 1 ** Fee Rank Rank Deals US$m GBP mil Rank Change (%) Fees Rank Exp. (%) 1 1,1., * RSM Corporate Fin LLP * Grant Thornton * KBS Corporate Sales Ltd * * 1. Baker Tilly International * * Clearwater International * 1* * 1 1,1. 1, BDO * * 1* 1* 1,. 1, * BCMS Corporate Ltd Benchmark International 1 1* Liberum Capital 1* 1* *. Mazars SA 1* 1* * finncap Ltd 1* * * 1* * * 1* * Barclays 1 1 1,. 1,.... Evercore Partners * * 1 1,. 1, *. Cenkos Securities PLC * * *.1 * * 1 1,. 1, Investec * * Numis * * * * *. Jefferies LLC Duff & Phelps * 1 * , BNP Paribas SA * * * * 1,. 1, Houlihan Lokey * 1* Catalyst Corporate Finance * *.. 1. * Standard Chartered PLC * 1* 1 1, Canaccord Genuity * * 1 1 1,.... *. WH Ireland Ltd * *.... * Piper Jaffray Cos * * Global M&A * 1* UBS * * 1, *.... Sentio Partners LLP * * Jones Lang LaSalle Inc * *.... *. * * HSBC Holdings PLC * 1* Peel Hunt LLP * *.... * GCA Corp * *.... *,,.,.. 1,.1 1. (US$b) $ $ $ $ $ $1 $1 $ $ 1, 1, 1, US$ m US$1 m US$ 1m US$ m UK MidMarket M&A up to US$m by Target Industry Jan 1 Sept.% Real Estate.%.% 1.%.%.% 1.%.%.%.%.% ** Fee exposure indicates each firm's midmarket fees from deals valued at up to US$m as a percentage of its overall M&A fees in the relevant region.

6 First Nine Months 1 MidMarket M&A Up To US$m s French Involvement MidMarket Rankings (MM) MM Undisclosed Values & Values up to US$m Jan 1 Sept French MidMarket M&A up to US$m by Range BNP Paribas SA Natixis Credit Agricole CIB Societe Generale Cambon Partners 1 Rank 1 * * * 1 # of Rank Deals 1 * * 1 1* 1 1 per Advisor 1 US$m Euro mil Rank Change (%),.,..,.,. 1.,1., ,. 1,.. 1,. 1, Advisor 1 ** Fee Fees Rank Exp. (%) DC Advisory 1 * * 1* * * * * * * * 1,. 1, *.... Capitalmind 1* *.... 1* Clearwater International 1* 1* Banque Degroof Petercam SA * UBS 1* 1* MBA Capital SARL 1* 1*... Global M&A * *... 1* Messier & Associes * * Edmond de Rothschild Hldg SA * 1*... * * * Bryan Garnier & Co * *.... * Canaccord Genuity * *.. 1. *.1 Translink Corporate Finance * * 1... Drake Star Partners *... Invest Corporate Finance SAS * 1*... Linkers *... Pax Corporate Finance * *...1 * * *.... Nomura * * RBC Capital Markets ING * * * 1* *. Fineurop SpA * 1*... Eurohold SL * * Clipperton Finance SARL * *...1 1* AP Management * *... * Itau Unibanco * *... * CFI * *... * Good Founders SASU * *.. 1. * Adviso Partners SAS * *... * * 1* ,,.,.. 1, (US$b) $1 $ $1 $ $ $ $ $ 1, 1 US$ m US$1 m US$ 1m US$ m French MidMarket M&A up to US$m by Target Industry Jan 1 Sept.%.% 1.%.% Real Estate.%.% 1.%.%.% 1.% 1.% ** Fee exposure indicates each firm's midmarket fees from deals valued at up to US$m as a percentage of its overall M&A fees in the relevant region.

7 First Nine Months 1 MidMarket M&A Up To US$m s German Involvement MidMarket Rankings (MM) MM Undisclosed Values & Values up to US$m Jan 1 Sept German MidMarket M&A up to US$m by Range per Advisor 1 1 # of 1 Advisor 1 ** Fee Rank Rank Deals US$m Euro mil Rank Change (%) Fees Rank Exp. (%) 1 1 1,., * * 1,. 1,.... * *. Globalscope * *. Roedl & Partner * * * *. ACXIT Capital Partners * * * 1 1,. 1, Concentro Management AG * Deutsche Bank * * 1 1,. 1, Quarton International * * 1... Raymond James Financial Inc 1* * Clearwater International 1* 1* * 1*... 1* * 1,1.1 1, Standard Chartered PLC 1*. 1. 1* *.... Houlihan Lokey 1* *.. *. Capitalmind 1* *... * Commerzbank AG 1* 1*..... Jones Lang LaSalle Inc * * goetzpartners Corp Finance * *... UniCredit * *. 1.. * 1... * Ludwig & Co GmbH * * 1.. *. 1 * *.... 1*. GCA Corp * *. 1. *.1 Global M&A 1* *... * UBS 1* * * 1. Livingstone Partners 1* *... * BNP Paribas SA * * Stifel/KBW *... Cushman & Wakefield Inc * *... BDO * 1... HSBC Holdings PLC * *... *. Daiwa Securities Group Inc * * Duff & Phelps * *.. * 1. *. William Blair & Co * 1* , 1,. 1, (US$b) $ $1 $ $ $ $ $ US$ m US$1 m US$ 1m US$ m German MidMarket M&A up to US$m by Target Industry Jan 1 Sept *.%.%.%.1%.%.%.% Real Estate 1.% 1.%.% ** Fee exposure indicates each firm's midmarket fees from deals valued at up to US$m as a percentage of its overall M&A fees in the relevant region.

8 First Nine Months 1 MidMarket M&A Up To US$m s Italian Involvement MidMarket Rankings (MM) MM Undisclosed Values & Values up to US$m Jan 1 Sept Italian MidMarket M&A up to US$m by Range per Advisor 1 1 # of 1 Advisor 1 ** Fee Rank Rank Deals US$m Euro mil Rank Change (%) Fees Rank Exp. (%) 1 1 1,. 1, Kon SpA ,. 1, UniCredit Fineurop SpA * * * Arkios Italy SpA * Vitale & Co 1 * Mediobanca * * BNP Paribas SA * * * *. 1* * 1* 1* Banca IMI (Intesa Sanpaolo) 1* *. 1* * UBS 1 1* * 1*.. 1. Ethica Corporate Finance SpA 1* 1* * *... 1 * *.. 1*. 1 Leonardo & Co * 1* Spada Partners * *... * * Bain & Co * *... Equita SIM SpA * 1* * DVRCapital SpA * * * * 1* Deutsche Bank * * *. Global M&A * *.. 1. * CFI * 1*.... * Societe Generale * *.. 1*. 1,.1 1, (US$b) $ $ $ $ $ $ 1 $ 1 $1 $ US$ m US$1 m US$ 1m US$ m Italian MidMarket M&A up to US$m by Target Industry Jan 1 Sept.%.% Real Estate.%.%.%.%.% 1.%.% 1.% ** Fee exposure indicates each firm's midmarket fees from deals valued at up to US$m as a percentage of its overall M&A fees in the relevant region. 1

9 First Nine Months 1 MidMarket M&A Up To US$m s Nordic Involvement MidMarket Rankings (MM) MM Undisclosed Values & Values up to US$m Jan 1 Sept Nordic MidMarket M&A up to US$m by Range per Advisor 1 1 # of 1 Advisor 1 ** Fee Rank Rank Deals US$m Euro mil Rank Change (%) Fees Rank Exp. (%) * * Danske Bank * * * * * Clearwater International * SEB * Carnegie * Handelsbanken Capital Markets Nordea 1* 1*....1 * 1. ABG Sundal Collier 1* Globalscope 1* *. 1 1* *. 1. *... FIH Partners AS 1* *... * Livingstone Partners 1* Jefferies LLC 1* *. 1. *.. DNB ASA 1* * * 1* *. * *. 1.1 *... * * * * * BDO * * MidCapital * *. * Capitalmind * *. 1* * *. Catella AB * * * HLP Corporate Finance Oy * *. 1.. * *. * Cushman & Wakefield Inc * * Alpha Corporate Finance * *.... * * Baker Tilly International * *. 1 Newsec Corporate Finance AB * * * Translink Corporate Finance * * * Houlihan Lokey Raymond James Financial Inc * * *. * Jones Lang LaSalle Inc * * Piper Jaffray Cos * * * Advium Corporate Finance * * 1. * AGC Partners * * 1. 1* Swedbank * * * GP Bullhound Ltd * *.1 * * * Pangea Property Partners AB * 1* BCMS Corporate Ltd * * * Grant Thornton * * * * *. * 1, 1,. 1,.... (US$b) $1 $ $1 $ $ $ $ $ Nordic MidMarket M&A up to US$m by Target Industry.%.%.% US$ m US$1 m US$ 1m US$ m.%.% Real Estate.%.% 1.%.1% 1.% 1 Jan 1 Sept 1.% ** Fee exposure indicates each firm's midmarket fees from deals valued at up to US$m as a percentage of its overall M&A fees in the relevant region.

10 First Nine Months 1 MidMarket M&A Up To US$m s Benelux Involvement MidMarket Rankings (MM1) MM1 Undisclosed Values & Values up to US$m Jan 1 Sept Benelux MidMarket M&A up to US$m by Range per Advisor 1 1 # of 1 Advisor 1 ** Fee Rank Rank Deals US$m Euro mil Rank Change (%) Fees Rank Exp. (%) 1 *,., ING * * 1 1, * Cooperatieve Rabobank UA *.1 1. * * *. 1 * 1.. * Capitalmind 1* 1 1. Global M&A * * 1. 1* * * * * 1. 1* Baker Tilly International * 1 1. * 1* * 1,1. 1,. 1. 1*. NIBC NV 1* *. * CFI 1* 1. 1* 1* * * Barclays 1* * * * 1 1,. 1, DC Advisory 1* *.1... * Globalscope 1* * * * * *. BNP Paribas SA * * UBS * * Natixis * * * CBRE Holding SAS * * Jefferies LLC * * *. Societe Generale * * RBS * *... * Jones Lang LaSalle Inc * *....1 BMO Capital Markets * * * Banque Degroof Petercam SA * * * Quarton International *. * * Evercore Partners * * *. Deutsche Bank * * Raymond James Financial Inc * *... UniCredit * * Cushman & Wakefield Inc * * HSBC Holdings PLC * *.. 1* 1.. *. MidCapital *. * OXEYE Advisors B.V. * * 1. * Daiwa Securities Group Inc * * * Robert W Baird & Co Inc * * Edmond de Rothschild Hldg SA * *.. 1. * 1, 1,1., (US$b) $1 $1 $ $1 $ $ $ 1 $ $ US$ m US$1 m US$ 1m US$ m Benelux MidMarket M&A up to US$m by Target Industry Jan 1 Sept.%.% Real Estate.% 1.%.%.% 1.%.%.%.%.% 1.% ** Fee exposure indicates each firm's midmarket fees from deals valued at up to US$m as a percentage of its overall M&A fees in the relevant region. 1

11 First Nine Months 1 MidMarket M&A Up To US$m s Eastern Europe Involvement MidMarket Rankings (MM1) MM1 Undisclosed Values & Values up to US$m Jan 1 Sept Eastern European MidMarket M&A up to US$m by Range per Advisor 1 1 # of 1 Advisor 1 ** Fee Rank Rank Deals US$m Euro mil Rank Change (%) Fees Rank Exp. (%) * Globalscope * 1* 1 *. * * *. * * * 1..1 *..1 CFI 1*. * * BDO * * *. * 1 * 1 *. * 1* VTB Capital * * * 1. * * *.. 1* 1* 1 1, Societe Generale 1* * * *.. 1* 1* Wielkopolski Bank Kredytowy 1*.. 1* 1. * Franklin Templeton 1*.. 1* 1. * Turkiye Is Bankasi AS 1* 1* *. 1* * * 1. *. Taiga Capital 1* * * HLP Corporate Finance Oy 1*. * KBC Group NV 1* * *. * UBS 1* *. *. Xenon Capital Partners 1* LionTree Advisors LLC 1*.. CBRE Holding SAS 1* * UAB Summa Advisers 1*.. 1* ACXIT Capital Partners 1* *,1 1,. 1, (US$b) $ $1 $ $ $ $ $ US$ m US$1 m US$ 1m US$ m EE MidMarket M&A up to US$m by Target Industry Jan 1 Sept.%.%.% 1.% Real Estate 1, 1,.% 1.%.1%.1% 1.%.% ** Fee exposure indicates each firm's midmarket fees from deals valued at up to US$m as a percentage of its overall M&A fees in the relevant region. 1

12 First Nine Months 1 MidMarket M&A Up To US$m s Australia/New Zealand Involvement MidMarket Rankings (MM) MM Undisclosed Values & Values up to US$m Jan 1 Sept Australia/New Zealand MidMarket M&A up to US$m by Range Macquarie Group UBS Moelis & Co Gresham Partners Houlihan Lokey Investec Barclays Deutsche Bank Evercore Partners Nomura Grant Samuel RBC Capital Markets Fort Street Advisers Miles Advisory Partners per Advisor (US$m) 1 1 # of 1 Advisor 1 ** Fee Rank Rank Deals US$m Rank Change (%) Fees Rank Exp. (%) * * 1 1 1, * 1 1, , * 1... *.... *... * * 1 1, * *..1. *. * 1* 1, * * 1, * *.... * 1* * *.. 1. * 1* *. 1.. *. 1* * 1, * * * 1* * 1. 1* * * * * * * 1* * 1. * * * 1* * * * 1. *.. 1 BDO * *. 1.. Greenhill & Co, LLC * * * Globalscope *. 1. 1* * *... Allier Capital * *. 1.. *. Industrial & Comm Bank China 1* * * 1. BBVA 1* * Piper Jaffray Cos 1* * Cameron Partners Ltd 1* * Greenstone Partners 1* * 1. 1* Equiteq LLP 1* *. 1* Baker Tilly International 1* *. * RSM Corporate Fin LLP 1*. 1. 1* Luminis Partners Pty Ltd 1* * 1.. 1*. 1. 1* CIMB Group Holdings Bhd 1* *.. Highbury Partnership Pty Ltd 1*.1 1* * *. 1* 1,1,1.... (US$b) $1 $1 $ $1 $ $ $ $ 1 $ US$ m US$1 m US$ 1m US$ m Aus/New Zealand MidMkt M&A up to US$m by Target Industry Jan 1 Sept.% Real Estate.%.%.%.%.%.% 1.%.%.% 1.% ** Fee exposure indicates each firm's midmarket fees from deals valued at up to US$m as a percentage of its overall M&A fees in the relevant region. 1