SMALL CAP M&A REVIEW FINANCIAL ADVISORS REUTERS / USA Today Sports Full Year 01
Full Year 01 SmallCap M&A Up To US$0m s Worldwide SmallCap Rankings (MM1a) MM1a Undisclosed Values & Values up to US$0m Jan 1 Dec 31 Worldwide Small Cap M&A up to US$0m by Target Nation Region (US$m) 01 01 # of Change in Rank Value 01 Rank Value Advisor 01 ** Fee Rank Rank Deals US$m Rank Change (%) Fees Rank Exp (%) 1 1 1 1.0 1 11... 303 10.1. 30.. 3 3 111.1 3 1 10. 1.0 * 30 1..1 3.3 0 33. * 3 30 1 1. 10.. * 1. 0 1. 1 0...... 3. Mizuho Financial Group Industrial & Comm Bank China 11 1. 11. 1. 11. 10. 3.. 3.3 Houlihan Lokey 10 1 1 0. 1 11. 1.0 1. Sumitomo Mitsui Finl Grp Inc 11 1.0..3 1. 10 1.3... Lazard 11 1. 3. 10.3 3.3 Baker Tilly International 1 1 1 1 1.3 1.... 10.1 1* 10 1.3 Goldman Sachs & Co 1 1* 1 31 1.0 11 1..0 11. Clairfield International 1* 1 101 0 0.3 3.0. 1. Alantra Partners SA 1* 3* 101 3 1. 1 1. 3.0.0 JP Morgan 1* 0* 101.3 0 3.1.. Generational Equity 0 1 3.0..0 3. Morgan Stanley 1 *.0 3. 1. 1. KBS Corporate Sales Ltd * 0 1.1 10. 1. 10 Credit Suisse 3 3* 1 33.3 1.0.1 1 11. Duff & Phelps 30* 1.3 1.0.1. * 1..3. 3 1.1 3*.0. 0. 10 Jefferies LLC 1* 1 1. 3.3 3. 1. Clearwater International 3* 1.1.. 1. Raymond James Financial Inc * 3.0 1.1.0. Stifel/KBW 30* 3*..1 3. 31 3. Grant Thornton 30* 0* 0.10 3.. 3.1 30* * 1 1.1.. 30 1.0 Globalscope 33 1 1. 3 3. 0. 3. Piper Jaffray Cos 3 3* 3 10..0.3 10.1 BNP Paribas SA 3* 30* 10 3.3 1. 0. 1 3. Moelis & Co 3* 1. 1..3 1 33.1 Barclays 3 3*.1. 1. 3. Evercore Partners 3* 1 0 11. 1.0. 3 11. Citi 3* 3 0 11 1..1 0 10. Benchmark International 0* 3 1...3 10 RSM Corporate Fin LLP 0* * 3 1.0 1.. 3. Kaede Group 1* 33... 1* 10 Nomura 3 3* 3 1 1. 10 3. 1. 1. RBC Capital Markets * 3 0. 3.. 1. Deutsche Bank 11... 3. UniCredit 3 3.. 3. 0. PNC Financial Services Group * 3 0 1. 1 0. 3,00 1,0 1,1.,. 33. $0 $ $0 $ $ $ $10 $1 0 0 01 01 01 01 Africa/Middle East Americas AsiaPacific Europe Japan Worldwide Estimated Small Cap Investment Banking Fees by Quarter* Investment Banking Fees (US$b) $3.0 $. $.0 $1. % % % % 3% % $0. 1% $ % 1Q Q 3Q Q 1Q Q 3Q Q 1Q Q 3Q Q 1Q Q 3Q Q 1Q Q 3Q Q 1Q Q 3Q Q 1Q Q 3Q Q 011 0 0 01 01 01 01 Percentage of Total Fees Small Cap I.B. Fees ($0mil or % of Total Fees ** Fee exposure indicates each firm's midmarket fees from deals valued at up to US$0m as a percentage of its overall M&A fees in the relevant region.
Full Year 01 SmallCap M&A Up To US$0m s Latin America Involvement SmallCap Rankings (MM1a) MM1a Undisclosed Values & Values up to US$0m Jan 1 Dec 31 Latin American SmallCap M&A up to US$0m by Rank Value Range (US$m) 01 01 # of Change in Rank Value 01 Rank Value Advisor 01 ** Fee Rank Rank Deals US$m Rank Change (%) Fees Rank Exp (%) Itau Unibanco 1 1. 1.1 11.. Banco BTG Pactual SA 1 1 0.. 11. 3.1 Banco Bradesco SA 3* *..1.0 3.1 3* * *.1 1 BNP Paribas SA 1* 11.3. 1.0 1*.. 3.3 1*. * * 1.1 3.3 0. * Santander Global Corporate Bnk * 10 0.0 3 3.0. 3. * * 3.0.3 1.1 3. Lazard * * 3 1.0 30.1.1. 11* 11 1. 1. 0. 1*. Credit Suisse 11* *.1 1 1. 3. 1 10. Alantra Partners SA 11* 3* 3. 11.3 10 10 11* *.3 0. 1* 10 Arab Banking Corporation 1* 1* 0 * 3.0 1*. BBVA 1* * 1.. 3.3 1* 1. Morgan Stanley 1* * 1 1. 1. 11. BR Partners 1* * *.0. Clairfield International 1* *. 1. 3 10 1* * 0 *.0 * 10 Artica Participacoes e Assesso 1* 1* 1 *.0 * 10 Bank of America Merrill Lynch 1* * 0 *.0 1. Houlihan Lokey 3* * 3 *.0 * 10 INFUPA SA 3* * 3 3.3. 10 GBS Finanzas SA 3* 3 3.0 1 3* 1* 3 * 1. 1. 33 10 3* * 3 1 * 3. 1 3.3 3* 1* 3 * 3.0 1* 10 RGS Partners 3* 3 3 3.0 1* 10 Brava Negocios Ltda 3* 3 3. 1. 3 3. Banco do Brasil SA 3* * 3. *. 10 Haywood Securities Ltd. 3* 11. Banco Votorantim 3* 3* 0. *.0 * 10 Evercore Partners 3* * 1 1.0 3* 10 Scotiabank 3* * 1 3. 1 0. *.0 3* 31* 1.3. 0.1 1* 10 3* * 1.0 * 10 Citi 3* 1* 3 * Cormark Securities Inc 3*. 3* 1.3 3 10 HSBC Holdings PLC 3* 0. 0. 1* 10 Translink Corporate Finance 3* 31* 1 0.. 1.0 3* 10 Quarton International 3*.0 * 10 Investment One Partners 3*.0 * 10 Duff & Phelps 3* * 1 0. * 10 National Bank of Canada Fin'l 3*. 3* 1. 3 10 Goldman Sachs & Co 3* * 1 1.0 3*. 1,0 3,. 3..3 3 $. $.0 $1. $0. $ US$0 10m US$10 0m US$0 30m US$30 0m US$0 0m Latin American SmallCap M&A up to US$0m by Target Industry.3%.%.%.0% 1.% 1.% Jan 1 Dec 31 00 0 00 30 0 10 0.% ** Fee exposure indicates each firm's midmarket fees from deals valued at up to US$0m as a percentage of its overall M&A fees in the relevant region. 11.3% 11.%
Full Year 01 SmallCap M&A Up To US$0m s European Involvement SmallCap Rankings (MM3a) MM3a Undisclosed Values & Values up to US$0m Jan 1 Dec 31 European SmallCap M&A up to US$0m by Rank Value Range 01 01 # of Change in Rank Value 01 Rank Value Advisor 01 ** Fee Rank Rank Deals US$m Euro mil Rank Change (%) Fees Rank Exp (%) 1 1 3 0..1... 1 33 0..1 1. 1. 1. 3 3 3..1 3.. 3 1. 1 1.1 3. 33. 1.3 0 3. 1 1 10.1 1. 3.1 3. 11. 11. 1 3..1.. 1.. 0.1 1.1. Baker Tilly International * 10 0 103..3. 11.0 * 10 KBS Corporate Sales Ltd * 10 1 10 0 1. 1.1.. 1. 10.. 1. 0. 10 Lazard 11.. *. 10. 3 3 Clairfield International Alantra Partners SA 0 30 1. 3. 10. 3. 0.1.3 1. 11.3 0.3 1 1 10 10.3..1 0..3 Clearwater International 1 1 0. 1.1.. 1. Grant Thornton 1 10 3 1.1 1. 3... 1 0. 1. 0..3 10 RSM Corporate Fin LLP 1 11 3 1. 1. 1.0.. BNP Paribas SA 1* 1 0 01. 11. 11 1.. 3. Globalscope 1* 1 1 10.. 31 3.3 3. 1 10 1 1 1 0. 3. 31. 3. 1. UniCredit * 3* 3 3 3..1 3. 31. 1 0.1 JP Morgan * * 3 3 0.. 3. 3. 1 10. Benchmark International 3 1. 1.. 1.3 1 10 Morgan Stanley 1 11. 1..3.0. 3* 0 1. 101.1 1.. 1. Natixis * 3 3.. 3 3.3.. Credit Suisse 3 3 3.. 3. 30. 3 1.0 Capitalmind * 3 10 0. 0.. 3.0 1 10 Cooperatieve Rabobank UA * 3* 3 10. 1. 31.0.1 Goldman Sachs & Co * 0* 3.. 3.. 31. ING 3 3..0 0. 1. 33 Houlihan Lokey 33* * 3.3.1 1.. 10. Credit Agricole CIB BCMS Corporate Ltd 33* 33* * 3 3 11 10.0 10. 0. 3.0 1.0.1 3.. 1 30 3. 10 Cambon Partners 3* 31 111.. 110. 1. 3* 10 Kon SpA 3* 3* 31 1. 1. 30. 10 Societe Generale 3* * 31 0 1.0.. 1. 3*. Translink Corporate Finance 3 3* 0. 1. 3. 0. 3 10 Livingstone Partners 0* 3* 1. 3. 3. 1.3 3 10 Citi 0* 3* 11 11..1 1 3. 3. 0 11. Deutsche Bank * 3 1..3 1.1 *.1 Jefferies LLC * 0*. 3.. 1.1 *. Mazars SA * * 1 3. 0. 1. 3. * 1. Barclays * 3 11 1.0 1* 1. DC Advisory * 1 30 3.1 3. 33. 1.0. Concentro Management AG * 3* 1 1.0 3 10 ACXIT Capital Partners * * 1. 3. 3. 1.0. Liberum Capital * 1* 0 1. 0...1 10* 3. HSBC Holdings PLC * * 0 31.... 3 10. Banque Degroof Petercam SA * 3* 0 1 1.0 0..0 1.0 1*.1 1, 1,0 3,3.1 3,1.3 1.,1. 3. $ $10 $ $ European SmallCap M&A up to US$0m by Target Industry.%.%.% Jan 1 Dec 31.3% 1.%.%.% 11.%.%,000,00,000 3,00 $ 1,00 1,000 $ 00 $0 US$0 10m US$10 0m US$0 30m US$30 0m US$0 0m 3,000,00,000.3% 11.1% ** Fee exposure indicates each firm's midmarket fees from deals valued at up to US$0m as a percentage of its overall M&A fees in the relevant region.
Full Year 01 SmallCap M&A Up To US$0m s UK Involvement SmallCap Rankings (MMa) MMa Undisclosed Values & Values up to US$0m Jan 1 Dec 31 UK SmallCap M&A up to US$0m by Rank Value Range 01 01 # of Change in Rank Value 01 Rank Value Advisor 01 ** Fee Rank Rank Deals US$m GBP m Rank Change (%) Fees Rank Exp (%) KBS Corporate Sales Ltd 1 0 1.1 11. 1 10. 1. 1 10.. 11.3.3 3. 3 1 31. 1. 3.. 3. Grant Thornton 3 1 0 1.1 10. 33.. 3* 0. Baker Tilly International 0. 3...1 0 10 RSM Corporate Fin LLP 1 3 3 1. 1. 1... 1.0. 3. 3* 3 3.1. 0 31..1 3.. 3 3. 10 0 11.1 3..0.0 * 3. Benchmark International 10 0 3 1..0 10. 3.3 10 Clearwater International 11 * 3 1.. 11. 3.. Alantra Partners SA * 3 3. 1.3.. 3. 1* 3 10..0...0 BCMS Corporate Ltd 1 11 11 10. 0.1 1.0 1.3 10 1 1* 10.. 1. 1.3.1 1* 3.. 1* 3.3 0. 11 3. 1* 1* 1.. 1* 1. 3.. Lazard 1* 1* 3.1 0. 1*.. 30.1 JP Morgan 1 1* 3. 1. 1. 1. 1.1 Mazars SA 0.3 1. 0 3.3. 10 Liberum Capital 1 * 1 1.0 1. 1..1 3. Cenkos Securities PLC * 1 1.. 3. * 1. Morgan Stanley 3* * 1 3* 1.0 1. Clairfield International 3* * 1.3.0 3*.. 1. Investec * * 1 1. 1. * 3. 3.3 *. Houlihan Lokey * 1* 1.3. *.1 1. 10 0. finncap Ltd * * 1. 0. * 3. 1.3 11* 3.3 Goldman Sachs & Co * 3* 1 1 *.0 1. Barclays * 3* 1 * 11.0 1 3. Sentio Partners LLP * * 3.3 1.0 *.3 10. 0. Duff & Phelps * *.0.3 *.1.. Jefferies LLC * 0. 3.1 * 0.. 0.1 Piper Jaffray Cos 33* 33* 1* 3* 0 3..0 3.0 33. 33* 33* 3. 10. 11..0 1..1 Credit Suisse 33* * 1.0 3. 33*. *. 33* * 33*. *.1 Evercore Partners 3* 3* 11 3*. 3* 1. WH Ireland Ltd 3* 30* 11 11..0 3* 3.1 1. 110 10 Numis 3* * 11..3 3* 3.3.0 * 3.1 3* 3* 11.1. 3*.. 10 Deutsche Bank 1 3* 10.1 0. 1. 3 1. Citi * 3* 3. 3 *.0 *. Bank of America Merrill Lynch * 3* *.0 1 10. Canaccord Genuity * 0* 0 0. 3.0 *.1 3. * 3. Peel Hunt LLP * 3* 1.. *.0 0. 3*.0 BNP Paribas SA * 1* * 1.0 1 3. Cairn Financial Advisers Ltd * * 1. 31. * 3. 0. 3* 10 Quayle Munro Ltd * *.3 3.0 * 3..3 3. EMC Management Consultants Ltd * * 0 *.0 * 10 Hoodless Brennan & Partners 0* 30* 0.. 0* 1. 1. 11* 10 Stifel/KBW 0* * 1 3. 30. 0* 0.. 1* 10 Natixis 0* * 1 0*.0 30* Livingstone Partners 0* 1* 1 1. 3.0 0* 1.. 3* 10,0 0,. 10,01.3 10. 1,3. 3. $ $ $ $3 $3 $ $ $1 $1 $0 UK SmallCap M&A up to US$0m by Target Industry Jan 1 Dec 31 3.%.1% 1.1%.%.%.%.% 10.%.% 10.%.% 1,00 1, 1,000 US$0 10m US$10 0m US$0 30m US$30 0m US$0 0m 00 00 00 ** Fee exposure indicates each firm's midmarket fees from deals valued at up to US$0m as a percentage of its overall M&A fees in the relevant region.
Full Year 01 SmallCap M&A Up To US$0m s French Involvement SmallCap Rankings (MMa) MMa Undisclosed Values & Values up to US$0m Jan 1 Dec 31 French SmallCap M&A up to US$0m by Rank Value Range 01 01 # of Change in Rank Value 01 Rank Value Advisor 01 ** Fee Rank Rank Deals US$m Euro mil Rank Change (%) Fees Rank Exp (%) 1 1 0 30. 330. 1 110.. 1.3 Lazard.1.0 3* 3. 0. 33.0 Natixis 3 3 3.. 3.3..3 Credit Agricole CIB 3.0 0. 1.0 3. 3. 33 1 3* 3.0 * 1.1 Cambon Partners 31 111.. 110. 1. 10 BNP Paribas SA 30 1. 0. 3. 0.1 3 31.1 3 1 1. 101. 3. 3. 0. 10* 1 1.1 3..0 3*.1 Clairfield International 10 31.. 11. 0. 10 11* 1* 3 3. 1.1 3. 1. 11 10 Societe Generale 11* 31* 3 1 1.0. 3.. 1.3 DC Advisory * 10* 0 3.1 3. 1*. 1.0 1 Alantra Partners SA * * 0 1 1.3 1.3 0. 1.. Pax Corporate Finance 1* 1 1... 1.1 10 Capitalmind 1* 3* 1 10 0. 0. 1.0 * 10 Invest Corporate Finance SAS 1* 1* 1 1 1.1 1.0. 1. 1 1.0. 33. 1.. 1 1* 1 3 1.0 *. Clearwater International 0 1* 1 11.0 1. 1 * 0 3* 1.3 111* 10 * 0 3* 0. 1* 3.1 Bryan Garnier & Co * 1* 31.0.1.. 3 10 Translink Corporate Finance * * 1* * 11 3.1. 1 11.. 1 3 30. 10 Banque Degroof Petercam SA * * 11 1 0*.0 Edmond de Rothschild Hldg SA * 1 11 10. 1 10 * 10 3 1 0* 10 Aurignac Finance MBA Capital SARL * * 31* 1* 0 10.0 1.3. 10 10 * 0* 3 11. 1. * 10 Drake Star Partners * 1* 10. 3. 3. 3 10 ING 33 1*.0 3* 10 RBC Capital Markets 3* 1*. 3.3 1. * 3. Eurohold SL 3* * 3 1.1 1.0.. 30 10 Clipperton Finance SARL 3* 3* 1 3.3. 10.3. 0* 10 Oddo & Cie SCA 3* *.0.1 10.. * 0. Linkers 3* *.0 * 10 Canaccord Genuity 3* 0* 0.3 11.0.1 31. Grant Thornton 3* * 3* 0. 1* 10 Adviso Partners SAS 3* * 3.. 30.. 3 10,1 3,11.,..3 1,00.. $.0 1,000 $1. $1. $1. $1. $0. $0. $0. $0. $ US$0 10m US$10 0m US$0 30m US$30 0m US$0 0m French SmallCap M&A up to US$0m by Target Industry Jan 1 Dec 31.%.%.%.%.% 00 00 00 00 00 00.0%.%.3%.% 10.% ** Fee exposure indicates each firm's midmarket fees from deals valued at up to US$0m as a percentage of its overall M&A fees in the relevant region.
Full Year 01 SmallCap M&A Up To US$0m s German Involvement SmallCap Rankings (MMa) MMa Undisclosed Values & Values up to US$0m Jan 1 Dec 31 German SmallCap M&A up to US$0m by Rank Value Range 01 01 # of Change in Rank Value 01 Rank Value Advisor 01 ** Fee Rank Rank Deals US$m Euro mil Rank Change (%) Fees Rank Exp (%) 1 3...1 3. 3 0. 1 0 1 *.0 *. 3 * * 3 30 3..3.. 3.. 3 1 10 0.1 * 11.0 10.1 33. 1.3.3 * *. 3 1.3 10 3 *. 3. Concentro Management AG * 1 * 1.0 3 10 * 1..0 1. 1.3.1 Globalscope * 3 1 1.. 3.0 10 ACXIT Capital Partners * * 1 3.0 3. 3...1 1* 1 * 1.0 10 Quarton International * 1 11 3.0. 10.1 10 10 Roedl & Partner 1 * 1 1. 1.0.. Alantra Partners SA 1 *..0.. 10 Baker Tilly International 1 0. 3. 1. 1. * 10 Livingstone Partners 1 * 11 3 *. 1 10 Clairfield International 1* 1* 10 1 *.0 1* 10 UniCredit 1* * 10 33. 31. 0 3.0. 10 1* * 10 *.0 * 10 Clearwater International 1* 11* 10 * 1 11* 10 Falkensteg GmbH 1* 3* 10 * 1 11* 10 Raymond James Financial Inc Deutsche Bank 3* 3* 1* * 3.1 3. * 1.3. 1 * 0..3 Houlihan Lokey * * 1 *..0 goetzpartners Corp Finance * * 0 *. * 10 Capitalmind * *.0 1* 10 Centuros GmbH * * 0 *.0 0* 10 Goldman Sachs & Co * 3* 1..0 30. *. One Square Advisors GmbH * *.0 30* 10 Lazard * 1* *.0 1*. 3* * 3.. 1..3 1. JP Morgan 3* * 1 1.3..0.0 1* 1.3 Jones Lang LaSalle Inc 3* * 33. 3 1*.. 3* 11* *. * 10 IEGInvestment Banking 3* 1* *.0 10 Commerzbank AG 3* 1.. 3 3. 3* 10 Stifel/KBW 3*.0 0* 10 Cushman & Wakefield Inc 3* * 1..0. 10 Macquarie Group 3* * 1 * HSBC Holdings PLC 3* *.3 10 GCA Corp 3* * * 1.0 0*. Barclays 3* * 0 *.0 * 1.1 Standard Chartered PLC 3* 3.0.3 1 3.0 *. Network Corporate Finance 3* * 3 3. 3.3 3.3 1.1 10 equinet AG 3* *.0 * 10 BCMS Corporate Ltd 3* * 3 3.0 * 10 Ludwig & Co GmbH 3* * *.0 30*.1 Translink Corporate Finance 3* * 11. 11.0 3. 1 10 CVM Capital Value Mgmt GmbH 3*.0 30* 10,11 3,3.3 3,3....0 $1. $1. $0. $0. $0. $0. $ US$0 10m US$10 0m US$0 30m US$30 0m US$0 0m German SmallCap M&A up to US$0m by Target Industry.%.3%.%.1%.%.1%.% 1.% 1.% Jan 1 Dec 31 00 00 00 00.% 1.% ** Fee exposure indicates each firm's midmarket fees from deals valued at up to US$0m as a percentage of its overall M&A fees in the relevant region.
Full Year 01 SmallCap M&A Up To US$0m s Italian Involvement SmallCap Rankings (MMa) MMa Undisclosed Values & Values up to US$0m Jan 1 Dec 31 Italian SmallCap M&A up to US$0m by Rank Value Range 01 01 # of Change in Rank Value 01 Rank Value Advisor 01 ** Fee Rank Rank Deals US$m Euro mil Rank Change (%) Fees Rank Exp (%) 1 1 1. 1 1.1. 1 3.3 UniCredit 3 3 1..3. 3.0 3. Kon SpA 3 31 1. 1. 30. 1 10 Vitale&Co * 0.... 1. * 3 11 10. 3.0 0. 1.0.1 Lazard * 10* 3..3 1..0.1 Fineurop SpA * * 1 0 * 1.0 10 Arkios Italy SpA * 1 1. 10. 1.3 10 1 1. 1. 3*. 1. *. Mediobanca 10* 1 0 31. 3 1.0. 10. 10* 10* 1 3 3..3 1.1 3. * Banca IMI (Intesa Sanpaolo) 1. 3. 1.0.0 1 31. Clairfield International 1* 11 3.3 3. 1 33. 10. 10 Unione di Banche Italiane Scpa 1* * 10..0 10. 1 10 Alantra Partners SA 1* 10 0.. 3...3 BNP Paribas SA 1 1* *.0 11.1 Credit Suisse 1* * 3. 30. 1* 1.0.3 1*. 1* 1 * 0. * 10 1* 1* 0 * 1 10 0* 31*. 3. 11*. 10 Ethica Corporate Finance SpA 0* 1* 1 1.. 3..3 1* 10 Brera Advisory Spa 0*..0. 1 10 Deutsche Bank 3 31* 3. 3.1. 31*. Morgan Stanley * 1* 3. 30. 1* 1103. 1. 0*.1 * 1* 0 * 1. 0*.3 Leonardo & Co * * 1 * 3. 1* 10 * * 1..3 0. 0* 10 Spada Partners * * 3.0 * 10 Bain & Co * 31* 1 3. 3.0 3. 3 10 Citi * 1* 1 3.. 3 3. * 3. * 1* 3 *.0 0 10 DVRCapital SpA * * 3 1. 3.3 10 Partners SpA *..0 3.1 * 10 3* 1* 3 * 1. * 10 Equita SIM SpA 3* * 3 1 *. 31* 3.1 Translink Corporate Finance 3* 31* 3 0 3. 31.0 1.3 1. 0* 10 Societe Generale 3* 3 3 3.0 *. Goldman Sachs & Co 3* * 3 *.0 33*.0 Gresham Partners 3*.0 33* 10 Houlihan Lokey 3* 31* 1 3.1 * 1. Credito Emiliano 3* * 1 1. 10 1, 3,30. 3,.. 1. 0. $1. $0. $0. $0. $0. $ US$0 10m US$10 0m US$0 30m US$30 0m US$0 0m Italian SmallCap M&A up to US$0m by Target Industry Jan 1 Dec 31.%.%.0% 0.1%.1%.0% 00 30 0 10 0 1.1%.%.% 10.3% 11.% ** Fee exposure indicates each firm's midmarket fees from deals valued at up to US$0m as a percentage of its overall M&A fees in the relevant region. 10
Full Year 01 SmallCap M&A Up To US$0m s Nordic Involvement SmallCap Rankings (MMa) MMa Undisclosed Values & Values up to US$0m Jan 1 Dec 31 Nordic SmallCap M&A up to US$0m by Rank Value Range 01 01 # of Change in Rank Value 01 Rank Value Advisor 01 ** Fee Rank Rank Deals US$m Euro mil Rank Change (%) Fees Rank Exp (%) 1 3.. 3.. 1*. 1 3 1.1 1..3. 3* 3. 3 33 3.. 1.. 33. Clairfield International 1 0.1 3. 1. 1. 3 10 1 * 1. 1. Carnegie * 1* 1 1. 1..1.. * 1 1.1..1 1.0 10 * 1.. 0. 3.. Clearwater International * 10* * 1* 1 1 1 3..0 3.3.0 1.. 1.. 10. Danske Bank 10* * 1 1. 1.3.. * 1.3 Globalscope 1* 0 0. 3... 10 SEB * 10.. 1. 3. 1. DNB ASA 1 *.3 0. *.. 1 1.1 Credit Suisse 1* 1.0..3 0 3.0 Lazard 1*..1 Handelsbanken Capital Markets 1* 1*.. 0.. 3*.0 ABG Sundal Collier 1* 1*.3 0. *.. 3* 3. Nordea 1* 1 3 3.0.0 1.. 3*. Livingstone Partners 1* 1* 3. 3. 3.. * 10 Jefferies LLC 1* *. 1. MidCapital 1* 1* 1 *. 11 10 Stella EOC 1* 1* 1 1. 0*.. 1* 10 * * 11 1.. 3.3 0. * 10 FIH Partners AS * * *.0 1*.1 Translink Corporate Finance * 1 10.. 3. * 10 * 33* 3 3.0 * 10 Raymond James Financial Inc * * 3 *. 10 HLP Corporate Finance Oy * * 1 1. 1. 31 3.3 * 10 Baker Tilly International * 33* 1. 1. 3 31. 0. * 10 BCMS Corporate Ltd * * 3.. 3. 10 Capitalmind * * 3 *.0 1 10 Catella AB 33* * 3 3.3 3. 10 1.0 *. Morgan Stanley 33* * 1.0 *. AGC Partners 33* * 3 * 1. 10 33*.0 1* 10 Swedbank 33* * 0.3.3 1..3 Alpha Corporate Finance 33* * 1 * 3.0 *. Moelis & Co 33* * *.0 1* 10 Bank of America Merrill Lynch 33* 33* 1.0 10. Pangea Property Partners AB 33* 33* 1 0.1 1. 3.0 * 10 Grant Thornton 33* * 1. 3.1 11* 0. 10 Goldman Sachs & Co 33* 33* 1 Alantra Partners SA 33* * 1. * 10 JP Morgan 33* * 0.0 1*.,0,01.,1.. 0. 3. $1. $1. $1. $1. $0. $0. $0. $0. $ US$0 10m US$10 0m US$0 30m US$30 0m US$0 0m Nordic SmallCap M&A up to US$0m by Target Industry Jan 1 Dec 31.1% 3.0%.1% 1.%.%.%.0%.3% 1.% 00 00 00 00 00.% 11.% 1.% ** Fee exposure indicates each firm's midmarket fees from deals valued at up to US$0m as a percentage of its overall M&A fees in the relevant region.
Full Year 01 SmallCap M&A Up To US$0m s Benelux Involvement SmallCap Rankings (MM10a) MM10a Undisclosed Values & Values up to US$0m Jan 1 Dec 31 Benelux SmallCap M&A up to US$0m by Rank Value Range 01 01 # of Change in Rank Value 01 Rank Value Advisor 01 ** Fee Rank Rank Deals US$m Euro mil Rank Change (%) Fees Rank Exp (%) 1 3 10...3 3. 30*. 3 1 3.0 1.0 1 1.. 3 1.3 3 3 101.. 3 1. 3. 30*. * 3 11 3.1.1.0 3. 1. ING * 3 11..0 0. 1.. Cooperatieve Rabobank UA * 1* 3 3*.0. 1* 1 1. 3.3. 3. 3 10 3.3.0..0 3*. 1. Lazard 10.1 1.. 1.0 1. 10* 10* 1 3* 1. *. Baker Tilly International 10* 1 1 1. 1. 1. 10 * 1 3* 1.. 1 1 11.0 10.1 3 3..3 10 1* 1 3* 11.0 10 Capitalmind 1* 1* 1 0 3* 1.0 10 1 3* 3*.0 11 10 Clairfield International 1* 3* 11. 10 Banque Degroof Petercam SA 1* * 11 3 1.0 0..0 1* 10 Goldman Sachs & Co 1 3* 10 3.3 3. 1.3 1 1.0 Haitong Securities Co Ltd 0* * 3. 0.. 10 Globalscope 0* 0* 1 1. 3 3.1. 1 10 DC Advisory * 1 3.1 3. *.0 1* 10 NIBC NV 3* * 1 3*.0 1* 10 Alantra Partners SA 3* * 31..3 1 1. 3.3 3 10 RBS * * 3*.0 1*. Citi * 1* 3 3* 1 10 1.3 CBRE Holding SAS * 1* 3 0.. 3. 33* 3. JP Morgan * 1* 3 3*.0 3*.1 Houlihan Lokey * 1 3*.0 1*. Morgan Stanley * * 3 0.1. 11 Credit Suisse * * 3*. 1.0 UniCredit * 1* 1. 1. 1..0 3* 10 Natixis * * 3 1. 1.. 1. Jefferies LLC * 1* 3*.0 3* 1. Deutsche Bank 3* 1.1 3.1 1.0 3*.0 Barclays 3* 0* 3*.0 3*. 3* * 3*.0 3* 31.3 MidCapital 3* 3. 30* 10 Quarton International 3* 3.0 3* 10 1,3 3,0.,1. 1..3 3. $1. $1. $1. $0. $0. $0. $0. $ US$0 10m US$10 0m US$0 30m US$30 0m US$0 0m Benelux SmallCap M&A up to US$0m by Target Industry Jan 1 Dec 31.3%.%.1%.%.% 1.3%.% 00 00 00.%.%.%.% 10.1% ** Fee exposure indicates each firm's midmarket fees from deals valued at up to US$0m as a percentage of its overall M&A fees in the relevant region.
Full Year 01 SmallCap M&A Up To US$0m s Eastern Europe Involvement SmallCap Rankings (MM1a) MM1a Undisclosed Values & Values up to US$0m Jan 1 Dec 31 Eastern European SmallCap M&A up to US$0m by Rank Value Range 01 01 # of Change in Rank Value 01 Rank Value Advisor 01 ** Fee Rank Rank Deals US$m Euro mil Rank Change (%) Fees Rank Exp (%) 1 1 3 3. 11.3 3. 3. 11 3.1 3 3.3 3.1.. 1. 3 1.1 30.. 3 0. * 1 1..0 1 1.. * 1. 11.3 1*. 1.1 1 1. Globalscope * * 1 11.0 10 * 1 0.. 3. 1. 10 1* 31*.0 10 3..1 11. 1.0 * 10 1 3. 3.1 1..0 10 Clairfield International 11 1* 30.1.0 10..3.0 Barclays * 1 31* BNP Paribas SA * * 0 1...1. 1 10 * 3* 3 1.1 1. 3.0 * 10 VTB Capital 1* 1* 0.0 0.3.. 1. 1* * 1 31* 0. 1* 10 Societe Generale 1* * 3 10.1.0 3 3.0 *. Lazard 1* * 1 31*.0 1* 10 JP Morgan 1* 10 31*.0 3. Mediobanca 0* * 3 Turkiye Is Bankasi AS 0* 1* 3 1 1. 1. 1*.0 1* 10 Credit Suisse 0* 3* 3 1 31*.3 3. Citi 0* * 3 0 31*.0 1* 30.,1 3,.,3. 1. 33.. $. $.0 $1. 1,00 1,00 1, 1,000 00 00 00 $0. $ US$0 10m US$10 0m US$0 30m US$30 0m US$0 0m Eastern European SmallCap M&A up to US$0m by Target Industry Jan 1 Dec 31.%.%.3% 1.%.3%.%.0%.0% 11.%.3%.%.% ** Fee exposure indicates each firm's midmarket fees from deals valued at up to US$0m as a percentage of its overall M&A fees in the relevant region. 1
Full Year 01 SmallCap M&A Up To US$0m s Australia/New Zealand Involvement SmallCap Rankings (MM11a) MM11a Undisclosed Values & Values up to US$0m Jan 1 Dec 31 Australia/New Zealand SmallCap M&A up to US$0m by Rank Value Range (US$m) 01 01 # of Change in Rank Value 01 Rank Value Advisor 01 ** Fee $3.0 00 Rank Rank Deals US$m Rank Change (%) Fees Rank Exp (%) 1 1* 0 11.1 3 1.0 3.1 1* 10 1* 3 3..0 3.0 1*. $. 00 Macquarie Group 3 3 1. 1 1..1 1 1.3 1 1. 33 10..3 0. 10*. 10.. 33. * 1* 10.3..3. $.0 00 Miles Advisory Partners * 1* 10. 10.3. 10 Moelis & Co * * 0. 1*. 10.. Goldman Sachs & Co * * 0..1. 1.0 $1. Gresham Partners 10 1* 1. 0. 3. * 31. Houlihan Lokey 11* *. 1. 3. 10 10 Baker Tilly International 11* 1* 30. 3.1 0. 10 11*.. 0. * 33.3 1* 10* 1. 0. 0. *. Lazard 1* * 0 1 3* 10 JP Morgan 1* * 1 3*. $0. Morgan Stanley 1* 1* 31...3 Citi 1* 3 33..1 3. 11 1.1 Forsyth Barr 1*. 1 3.1 1*. First NZ Capital 1* * 3.1 1.0 * 3. $ Clairfield International 1* *.. 3. * 10 Allier Capital 1* 1* 0.3 11 1. 3.0 1* 1.1 Investec 3* 1* 3 0.3 0. Barclays 3* * 3 1* US$0 10m US$10 0m US$0 30m US$30 0m US$0 0m Greenhill & Co, LLC 3* * 3 1. 1 31.. 1. Industrial & Comm Bank China 3* * 3 1 *. 1.0 *. Burnvoir Partners 3* 3 3. 0. 3* 10 Cameron Partners Ltd 3* * 3. 1* 1.. Grant Samuel 3* 1* 3 1. 1.0 1..3 Australia/New Zealand SmallCap M&A up to US$0m by Target Industry Jan 1 Dec 31 Santander Global Corporate Bnk 3* 3 3.0 1.0 1* 10 Globalscope 3* 3 3..0 1* 10 Flagstaff Partners Pty Ltd 3* * 3 1.. 0. * 10 RSM International Ltd 3* * 3 3 1* 0.3 * 10.% 1,3 3,.. 30.3 3..0% 1.3%.%.3%.% 1.%.% 1%.0%.% ** Fee exposure indicates each firm's midmarket fees from deals valued at up to US$0m as a percentage of its overall M&A fees in the relevant region. 1