JPMorgan Leads Way in 2016 Deals, yet President Trump Shadow Hangs Over 2017
NEW YORK, Jan. 26, 2017 /PRNewswire/ -- JPMorgan Securities LLC led the way in 2016 mergers and acquisitions deals. After two consecutive years of strong M&A activity, the question now is if that momentum will continue under the Trump administration, according to The Deal, a business unit of financial news and information provider of TheStreet, Inc., (NASDAQ:TST).
"Last year was a good one for M&A – not the blockbuster that 2015 was, but very solid overall, particularly in cross-border deals, where the U.S. remains a very appealing market for Chinese, European and Japanese buyers. It remains to be seen how the Trump administration's policies will affect that activity. There was also a lot of activity in software and semiconductors last year, and there remains considerable room for further consolidation in both sectors," said David Marcus from The Deal.
The Deal's exclusive ranking covers top investment banks, law firms, PR advisers, proxy solicitors and Delaware law firms that are engaged in mergers and acquisitions. Data collected captures advisers to target/seller and acquirer/bidder companies involving transactions announced between Jan. 1 and Dec. 31, 2016.
League highlights include:
- JPMorgan Securities LLC took first place with 117 deals, in 62 of which it represented sellers. Morgan Stanley was second with 109 deals, in 43 of which it represented buyers. Goldman, Sachs & Co. came in third with 104 deals, in 71 of which it was on the side of sellers. Barclays Capital ranked fourth with 89 deals and Bank of America Merrill Lynch rounded up the top five with 84 deals.
- Among law firms, Skadden, Arps, Slate, Meagher & Flom LLP was the top counsel to companies, with 111 deals. Kirkland & Ellis LLP and was second with 106 deals. Latham & Watkins LLP ranked third with 97 deals. Sullivan & Cromwell LLP ranked fourth with 83 deals. White & Case LLP ranked fifth with 76 deals.
- Among Delaware firms, Richards, Layton & Finger PA came in first with 69 deals. Morris, Nichols, Arsht & Tunnell LLP recorded 44 deals, and Potter Anderson & Corroon LLP consummated 25 deals.
- Among PR firms, Joele Frank, Wilkinson Brimmer Katcher was first with 107 transactions, in 63 of which it represented sellers. Sard Verbinnen & Co. recorded 95 transactions, in 48 of which it represented sellers. Kekst and Co. ranked third with 42 transactions. Brunswick Group LLP came in fourth with 35 transactions. Rounding up the top five, Abernathy MacGregor Group Inc. was involved in 32 transactions.
- Among proxy solicitors, Innisfree M&A Inc. was involved in 69 deals. MacKenzie Partners Inc. came in second with 45 deals. D.F. King & Co. came in third with 43 deals.
The report is available online. For more information about The Deal's M&A coverage, go to www.thedeal.com.
About The Deal's M&A League Tables
Rankings include the names of lead M&A and/or corporate partners at law firms that represented principals and investment advisers. Only deals involving a change of control at a target company with a market value of $100 million or more are included, and only when a key party involved is a U.S. company. Unless the target is a recognized stand-alone operating business, rankings will not include asset sales, unit sales, sales of subsidiaries, spin-offs or joint ventures. Deals with undisclosed transactions values are not eligible. The Deal's M&A League Tables, which come out each quarter, are cumulative across the year.
About The Deal
The Deal (www.thedeal.com) provides actionable, intraday coverage of mergers, acquisitions and all other changes in corporate control to institutional investors, private equity, hedge funds and the firms that serve them. The Deal is a business unit of TheStreet, Inc. (NASDAQ: TST, www.t.st), a leading financial news and information provider. Other business units include TheStreet (www.thestreet.com), which is celebrating its 20th year of producing unbiased business news and market analysis; BoardEx (www.boardex.com), the leading relationship mapping service of corporate directors and officers; and RateWatch (www.rate-watch.com) which supplies rate and fee data from banks and credit unions across the U.S.
Contact: Jon Kostakopoulos, 212-321-5561, Jon Kostakopoulos at thestreet.com
SOURCE TheStreet, Inc.
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