The insider’s guide to investment banking and capital markets.
Sections
News By Industry
Networking
Reference
- People Database
- Securities in Registration
- Aftermarket Performance
- Investment Banking Database
- League Tables
- Industry Links
Reader Services
Related Sites
Largest Global Acquisition Related Syndicated Loans in 2008
| Financial Close Date | Borrower | TF Macro Description | Bookrunner(s) | Loan Package Amt (US$ Mil) |
|---|---|---|---|---|
| 2/05/2008 | BHP Billiton Ltd | Materials | Citi BNP Paribas SA Goldman Sachs & Co HSBC Holdings PLC Santander Global Banking UBS Barclays Capital | 55000.00 |
| 3/27/2008 | Pernod Ricard SA | Consumer Staples | BNP Paribas SA Calyon JP Morgan Natixis RBS Societe Generale | 18838.74 |
| 3/27/2008 | Pernod Ricard SA | Consumer Staples | BNP Paribas SA Calyon JP Morgan Natixis RBS Societe Generale | 18838.74 |
| 3/27/2008 | Pernod Ricard SA | Consumer Staples | BNP Paribas SA Calyon JP Morgan Natixis RBS Societe Generale | 18838.74 |
| 3/27/2008 | Pernod Ricard SA | Consumer Staples | BNP Paribas SA Calyon JP Morgan Natixis RBS Societe Generale | 18838.74 |
| 3/27/2008 | Pernod Ricard SA | Consumer Staples | BNP Paribas SA Calyon JP Morgan Natixis RBS Societe Generale | 18838.74 |
| 3/27/2008 | Pernod Ricard SA | Consumer Staples | BNP Paribas SA Calyon JP Morgan Natixis RBS Societe Generale | 18838.74 |
| 3/27/2008 | Pernod Ricard SA | Consumer Staples | BNP Paribas SA Calyon JP Morgan Natixis RBS Societe Generale | 18838.74 |
| 3/27/2008 | Pernod Ricard SA | Consumer Staples | BNP Paribas SA Calyon JP Morgan Natixis RBS Societe Generale | 18838.74 |
| 2/11/2008 | Carlsberg A/S | Consumer Staples | BNP Paribas SA Danske Bank AS Lehman Brothers Nordea | 11314.64 |
| 2/11/2008 | Carlsberg A/S | Consumer Staples | BNP Paribas SA Danske Bank AS Lehman Brothers Nordea | 11314.64 |
| 2/11/2008 | Carlsberg A/S | Consumer Staples | BNP Paribas SA Danske Bank AS Lehman Brothers Nordea | 11314.64 |
| 2/11/2008 | Carlsberg A/S | Consumer Staples | BNP Paribas SA Danske Bank AS Lehman Brothers Nordea | 11314.64 |
| 2/11/2008 | Carlsberg A/S | Consumer Staples | BNP Paribas SA Danske Bank AS Lehman Brothers Nordea | 11314.64 |
Global Cross Border M&A Adviser Rankings
| Advisor | 1/1/2008 - 6/16/2008 ($ Mil) | Rank | 1/1/2007 - 6/16/2007 ($ Mil) | Rank |
|---|---|---|---|---|
| Goldman Sachs & Co | 227418.6 | 1 | 337795.6 | 2 |
| JP Morgan | 153475.5 | 2 | 212811.4 | 7 |
| Merrill Lynch | 108779.9 | 3 | 279507.8 | 4 |
| Credit Suisse | 87253.6 | 4 | 153102.8 | 11 |
| Citi | 86503.5 | 5 | 264693.1 | 5 |
| Lazard | 86388.2 | 6 | 65376.3 | 18 |
| Morgan Stanley | 83187.6 | 7 | 349948.7 | 1 |
| UBS | 71124.7 | 8 | 327207.7 | 3 |
| BNP Paribas SA | 65625.7 | 9 | 54425.7 | 19 |
| Deutsche Bank AG | 64984.4 | 10 | 157641.2 | 9 |
| Industry Total | 598033.2 | - | 951441.8 | - |
Global Target M&A Adviser Rankings
| Advisor | 1/1/2008 - 6/16/2008 ($ Mil) | Rank | 1/1/2007 - 6/16/2007 ($ Mil) | Rank |
|---|---|---|---|---|
| Goldman Sachs & Co | 429406.1 | 1 | 702529.1 | 2 |
| JP Morgan | 284335 | 2 | 520639.6 | 4 |
| Citi | 246853.3 | 3 | 597430.1 | 3 |
| Morgan Stanley | 246286.8 | 4 | 737929.5 | 1 |
| Merrill Lynch | 185428.6 | 5 | 483870.7 | 6 |
| UBS | 177683.8 | 6 | 466467.4 | 7 |
| Credit Suisse | 145029.5 | 7 | 425255 | 8 |
| Lehman Brothers | 144088.7 | 8 | 506977 | 5 |
| Deutsche Bank AG | 130090.3 | 9 | 315516.2 | 9 |
| BNP Paribas SA | 111645.2 | 10 | 74811.5 | 21 |
| Industry Total | 1270350.4 | - | 2136863.7 | - |
Global M&A Monthly Volume
| Date | Europe ($mils) | U.S. ($mils) | Other ($mils) |
|---|---|---|---|
| Jun-07 | 139304.7 | 139239.3 | 138676.7 |
| Jul-07 | 211811.2 | 204446.1 | 128038.7 |
| Aug-07 | 167364 | 55670.1 | 79787.1 |
| Sep-07 | 63659.2 | 44627.8 | 76381.2 |
| Oct-07 | 104570.7 | 94971.4 | 88589.3 |
| Nov-07 | 298749.7 | 72484 | 74352.9 |
| Dec-07 | 109789.8 | 136901.9 | 91598.8 |
| Jan-08 | 42867 | 69716.9 | 57813.2 |
| Feb-08 | 63055.2 | 40321.9 | 68343.5 |
| Mar-08 | 67778.7 | 44646.7 | 57922.9 |
| Apr-08 | 59781.4 | 166632.9 | 67577.4 |
| May-08 | 53584.6 | 99332.9 | 79167.8 |
| Jun-08 | 83407.9 | 120805.2 | 30748.1 |
U.S. Target Volume by Selected Industry
| Industry | 1/1/2008 - 12/31/2008 ($ Mil) | Deals | 1/1/2007 - 6/16/2007 ($ Mil) | Deals | 1/1/2006 - 6/16/2006 ($ Mil) | Deals |
|---|---|---|---|---|---|---|
| Consumer Staples | 92707.1 | 157 | 89247.7 | 215 | 16240.4 | 169 |
| Healthcare | 71308.8 | 323 | 73519.6 | 413 | 67755 | 421 |
| Financials | 66886.2 | 425 | 87983.4 | 606 | 114035.6 | 567 |
| Energy and Power | 60600.4 | 332 | 108697.2 | 410 | 88980.4 | 410 |
| Media and Entertainment | 52554.4 | 287 | 84643.6 | 477 | 48567.1 | 411 |
| High Technology | 46652.7 | 851 | 84381.9 | 932 | 29442.7 | 908 |
| Telecommunications | 36854.4 | 87 | 44349.3 | 133 | 115436.7 | 150 |
| Materials | 30183 | 325 | 55144.5 | 401 | 31135.1 | 361 |
| Industrials | 25775 | 503 | 48973.4 | 578 | 49952.2 | 505 |
| Real Estate | 21019.4 | 128 | 102860 | 262 | 36511.2 | 226 |
| Consumer Products and Services | 15173.2 | 508 | 40462.9 | 633 | 19431.9 | 582 |
| Government and Agencies | 12800 | 5 | 0 | 7 | 19 | 8 |
| Retail | 8941.6 | 199 | 18871.8 | 238 | 37011.4 | 211 |
| Industry Total | 541456.4 | 4130 | 839135.3 | 5305 | 654518.7 | 4929 |
Top Global Acquisition Related Lenders
| Bookrunner | 1/1/2008 - 6/16/2008 (US$ Mil) | Rank | 1/1/2007 - 6/16/2007 (US$ Mil) | Rank |
|---|---|---|---|---|
| BNP Paribas SA | 22786.9 | 1 | 21219.3 | 11 |
| RBS | 20822.2 | 2 | 74347.1 | 1 |
| Citi | 17834.2 | 3 | 47254.1 | 3 |
| Barclays Capital | 17653.9 | 4 | 42698.7 | 4 |
| JP Morgan | 14232.6 | 5 | 62581.1 | 2 |
| HSBC Holdings PLC | 14216 | 6 | 18144.4 | 12 |
| Banc of America Securities LLC | 11163.6 | 7 | 37667.1 | 6 |
| UBS | 10780.1 | 8 | 32788 | 8 |
| Goldman Sachs & Co | 10501 | 9 | 22073.4 | 10 |
| RBC Capital Markets | 9018.8 | 10 | 4990.9 | 25 |
| Industry Total | 288625.1 | - | 652240.7 | - |
European Target Volume by Selected Industry
| Industry | 1/1/2008 - 12/31/2008 ($ Mil) | Deals | 1/1/2007 - 6/16/2007 ($ Mil) | Deals | 1/1/2006 - 6/16/2006 t ($ Mil) | Deals |
|---|---|---|---|---|---|---|
| Telecommunications | 61715.1 | 127 | 26435.6 | 173 | 20249.7 | 162 |
| Energy and Power | 56973.5 | 324 | 133870 | 434 | 108074.3 | 316 |
| Industrials | 52954.3 | 930 | 68419.2 | 1168 | 61284.3 | 917 |
| Financials | 36983 | 502 | 207150.1 | 592 | 107349.2 | 513 |
| Real Estate | 33325.6 | 256 | 131630.2 | 458 | 56398.2 | 326 |
| Materials | 28223 | 388 | 53403.1 | 544 | 74509.9 | 428 |
| Consumer Staples | 26369.2 | 365 | 48236.4 | 541 | 14269.4 | 432 |
| Consumer Products and Services | 22458.2 | 599 | 30770.6 | 784 | 26485.4 | 635 |
| Media and Entertainment | 15310 | 408 | 70040.8 | 640 | 44647.3 | 511 |
| High Technology | 14886.7 | 580 | 22062.1 | 816 | 24078.1 | 666 |
| Retail | 10838.5 | 216 | 35207.2 | 388 | 20537.2 | 268 |
| Healthcare | 10247.9 | 208 | 43591.1 | 298 | 40965.3 | 268 |
| Government and Agencies | 190 | 2 | 0 | 3 | 0 | 1 |
| Industry Total | 370474.7 | 4905 | 870816.4 | 6839 | 598848.1 | 5443 |
Non-U.S. Target M&A Ranking
| Advisor | 1/1/2008 - 6/16/2008 ($ Mil) | Rank | 1/1/2007 - 6/16/2007 ($ Mil) | Rank |
|---|---|---|---|---|
| Goldman Sachs & Co | 138014.6 | 1 | 310899.7 | 4 |
| Merrill Lynch | 109936.1 | 2 | 308388.7 | 5 |
| JP Morgan | 96677.6 | 3 | 220815.6 | 8 |
| Morgan Stanley | 95569.7 | 4 | 386755 | 1 |
| Citi | 85092.1 | 5 | 317131.5 | 3 |
| Credit Suisse | 83731.4 | 6 | 192861.3 | 9 |
| UBS | 82493.5 | 7 | 385272.5 | 2 |
| Deutsche Bank AG | 75659.7 | 8 | 172830.6 | 10 |
| BNP Paribas SA | 69515.5 | 9 | 73996.1 | 19 |
| Rothschild | 58260.1 | 10 | 232720.6 | 6 |
| Industry Total | 732047.6 | - | 1297728.4 | - |
Largest Global M&A Deals: 2nd Quarter 2008
| Date Announced | Target Name | Target Advisors | Value of Transaction ($mil) | Acquiror Name | Acquiror Advisors | Premium 4 weeks prior to ann. date |
|---|---|---|---|---|---|---|
| 6/11/2008 | Anheuser-Busch Cos Inc | Goldman Sachs & Co Citi Merrill Lynch | 48109.79 | InBev NV | Lazard JP Morgan | 28.05 |
| 6/05/2008 | TeliaSonera AB | Goldman Sachs & Co Merrill Lynch Morgan Stanley | 42244.12 | France Telecom SA | BNP Paribas SA Lazard SEB Enskilda | 22.79 |
| 4/30/2008 | Time Warner Cable Inc | Deutsche Bank AG Citi Goldman Sachs & Co BNP Paribas SA Wachovia Bank NA Morgan Stanley Evercore Group Banc of America Securities LLC | 28829.74 | Shareholders | -28.39 | |
| 6/05/2008 | Alltel Corp | Citi Goldman Sachs & Co RBS | 28100.00 | Verizon Wireless Inc | UBS Investment Bank Morgan Stanley Lehman Brothers | |
| 4/07/2008 | Alcon Inc | Credit Suisse Group Citi | 27733.65 | Novartis AG | Goldman Sachs & Co | 36.34 |
| 4/28/2008 | William Wrigley Jr Co | William Blair & Co Goldman Sachs & Co | 22361.20 | Mars Inc | JP Morgan Berkshire Hathaway Inc | 27.31 |
| 5/12/2008 | St George Bank Ltd | UBS Investment Bank | 17932.98 | Westpac Banking Corp | Caliburn Partnership Pty Ltd | 43.31 |
| 4/30/2008 | Origin Energy Ltd | Macquarie Bank | 13012.99 | BG Group PLC | Goldman Sachs & Co Gresham Partners | 64.89 |
| 5/19/2008 | Pennsylvania Turnpike | Morgan Stanley | 12800.00 | Investor Group | JP Morgan UBS Investment Bank | |
| 5/13/2008 | Electronic Data Systems Corp | Citi Evercore Partners | 12565.03 | Hewlett-Packard Co | JP Morgan Lehman Brothers | 47.15 |
| 4/07/2008 | Alcon Inc | Credit Suisse Group Citi | 10547.45 | Novartis AG | Goldman Sachs & Co | 7.85 |
| 5/21/2008 | Calpine Corp | Goldman Sachs & Co | 9474.99 | NRG Energy Inc | Merrill Lynch Credit Suisse Group | 17.78 |
| 4/10/2008 | Millennium Pharmaceuticals Inc | Goldman Sachs & Co | 8734.09 | Mahogany Acquisition Corp | UBS Investment Bank | 78.06 |
| 5/25/2008 | China Netcom Grp(HK)Corp Ltd | Citi Rothschild | 7784.96 | China Unicom Ltd | China International Capital Co JP Morgan Lehman Brothers | 20.64 |
| 5/07/2008 | Sprint Nextel Corp-Wireless | Citi Lehman Brothers | 7400.00 | Clearwire Corp-Wireless | Morgan Stanley JP Morgan | |
| 6/13/2008 | Angel Trains Ltd | Lazard | 7005.24 | Investor Group | Babcock & Brown Inc Morgan Stanley Deutsche Bank AG | |
| 6/12/2008 | Applied Biosystems Group | Morgan Stanley Greenhill & Co, LLC | 6683.46 | Invitrogen Corp | Moelis & Co UBS Investment Bank | |
| 4/23/2008 | Safeco Corp | Morgan Stanley | 6143.77 | Liberty Mutual Group Inc | Lehman Brothers | 58.28 |
| 6/11/2008 | LEG | Sal Oppenheim | 5255.02 | Whitehall Street Fund | Goldman Sachs & Co | |
| 5/12/2008 | DRS Technologies Inc | Bear Stearns & Co Inc Merrill Lynch | 5135.57 | Finmeccanica SpA | Lehman Brothers Goldman Sachs & Co Mediobanca SpA Intesa SanPaolo UniCredit Group | 37.73 |
Recently Announced Global M&A Deals
| Date Announced | Target Name | Target TF Mid Description | Acquiror Name | Acquiror TF Mid Description | Value of Transaction ($mil) |
|---|---|---|---|---|---|
| 6/16/2008 | Anzon Australia Ltd | Oil & Gas | Roc Oil Co Ltd | Oil & Gas | 575.432 |
| 6/16/2008 | Anzon Energy Ltd | Oil & Gas | Roc Oil Co Ltd | Oil & Gas | 264.02 |
| 6/16/2008 | Bayou Steel Corp | Building/Construction & Engineering | Arcelor Mittal NV | Metals & Mining | 475 |
| 6/16/2008 | C More Entertainment AB | Cable | TV4 AB | Broadcasting | 493.218 |
| 6/16/2008 | Cash Systems Inc | Other Financials | Global Cash Access Hldg Inc | Other Financials | 30.241 |
| 6/16/2008 | Culver Insurance Brokers Ltd | Insurance | Cullum Capital Ventures Ltd | Insurance | 12.275 |
| 6/16/2008 | DCT Industrial Trust Inc-Asts | Non Residential | Undisclosed Acquiror | Brokerage | 64.5 |
| 6/16/2008 | De La Rue Cash Systems | Computers & Peripherals | Carlyle Group LLC | Alternative Financial Investments | 706.644 |
| 6/16/2008 | Greenfield Online Inc | Professional Services | Quadrangle Group LLC | Alternative Financial Investments | 407.982 |
| 6/16/2008 | Guala Closures SpA | Other Materials | GCL Holdings Sarl | Other Financials | 449.92 |
| 6/16/2008 | HUGHES Telematics Inc | Internet Software & Services | Polaris Acquisition Corp | Other Financials | 682.28 |
| 6/16/2008 | HWS Holdings Ltd | Insurance | Jardine Lloyd Thompson Grp PLC | Insurance | 17.049 |
| 6/16/2008 | HelioDynamics Ltd | Semiconductors | EnergyMixx AG | Alternative Energy Sources | 4.423 |
| 6/16/2008 | Life Therapeutics Ltd | Healthcare Providers & Services (HMOs) | Aegis Partners Ltd | Asset Management | 1.215 |
| 6/16/2008 | Office Bldg, Regent St,W1 | Non Residential | Undisclosed Acquiror | Brokerage | 188.215 |
| 6/16/2008 | PFF Bancorp Inc,CA | Banks | FBOP Corp,Oak Park,Illinois | Banks | 30.544 |
| 6/16/2008 | Patrick Industries Inc-Fontana | Construction Materials | Undisclosed Acquiror | Brokerage | 5.6 |
| 6/16/2008 | Satisloh Holding AG | Healthcare Equipment & Supplies | Essilor International SA | Healthcare Equipment & Supplies | 524.044 |
| 6/16/2008 | Staubach Holdings Inc | Real Estate Management & Development | Jones Lang LaSalle Inc | Real Estate Management & Development | 727 |
| 6/16/2008 | TM Intl(Bangladesh)Ltd | Wireless | NTT DoCoMo Inc | Wireless | 350 |
| 6/16/2008 | Technical Automation BV | Professional Services | Investor Group | Other Financials | 46.239 |
| 6/16/2008 | Undisclosed oil & Gas Co | Oil & Gas | Alberta Clipper Energy Inc | Oil & Gas | 33.301 |
| 6/16/2008 | Wilshire Enterprises Inc | Residential | Metals Creek Resources Corp | Metals & Mining | 30.73 |
Announced M&A Activity
| Global | ||
|---|---|---|
| Rank Val. | Deals | |
| 01/01/08 - 06/16/08 | 1270350.4 | 16123 |
| 01/01/07 - 06/16/07 | 2136863.7 | 19885 |
| 01/01/06 - 06/16/06 | 1595805.4 | 17192 |
| U.S. | ||
| Rank Val. | Deals | |
| 01/01/08 - 06/16/08 | 541456.4 | 4130 |
| 01/01/07 - 06/16/07 | 839135.3 | 5305 |
| 01/01/06 - 06/16/06 | 654518.7 | 4929 |
| Europe | ||
| Rank Val. | Deals | |
| 01/01/08 - 06/16/08 | 370474.7 | 4905 |
| 01/01/07 - 06/16/07 | 870816.4 | 6839 |
| 01/01/06 - 06/16/06 | 598848.1 | 5443 |
European Target M&A Rankings
| Advisor | 1/1/2008 - 6/16/2008 ($ Mil) | Rank | 1/1/2007 - 6/16/2007 ($ Mil) | Rank |
|---|---|---|---|---|
| Merrill Lynch | 93526.9 | 1 | 282134.3 | 3 |
| Goldman Sachs & Co | 90899.6 | 2 | 261688.5 | 4 |
| Deutsche Bank AG | 65047.8 | 3 | 147207.6 | 11 |
| BNP Paribas SA | 64231.6 | 4 | 64725.7 | 19 |
| Morgan Stanley | 63210.1 | 5 | 338746.2 | 1 |
| JP Morgan | 61402.4 | 6 | 178571.8 | 8 |
| SEB Enskilda | 54586.9 | 7 | 7778.5 | 41 |
| UBS | 31446.3 | 8 | 296542.2 | 2 |
| Lazard | 29194.9 | 9 | 57164.5 | 20 |
| Citi | 27092.8 | 10 | 247655.8 | 5 |
| Industry Total | 370474.7 | - | 870816.4 | - |
Global Target Volume by Selected Industry
| Industry | 1/1/2008 - 06/16/2008 ($ Mil) | Deals | 1/1/2007 - 6/16/2007 ($ Mil) | Deals | 1/1/2006 - 6/16/2006 ($ Mil) | Deals |
|---|---|---|---|---|---|---|
| Financials | 187092 | 1705 | 368257 | 2202 | 269388.1 | 1897 |
| Energy and Power | 180597.9 | 1248 | 321360.5 | 1452 | 253856.4 | 1215 |
| Consumer Staples | 128018.4 | 996 | 153913.7 | 1276 | 42422 | 1146 |
| Telecommunications | 127939.5 | 389 | 109508.9 | 511 | 192612.1 | 524 |
| Materials | 121576 | 2034 | 178102.4 | 2439 | 149981.9 | 1763 |
| Industrials | 114841.6 | 2326 | 147229.4 | 2653 | 154290.1 | 2309 |
| Healthcare | 94190.1 | 810 | 126845.1 | 982 | 111974 | 961 |
| Real Estate | 79446.3 | 838 | 272663.4 | 1185 | 106422.1 | 910 |
| Media and Entertainment | 77242.4 | 1088 | 181010.3 | 1642 | 113717.1 | 1429 |
| High Technology | 72990.4 | 2239 | 121229.4 | 2563 | 69336.4 | 2436 |
| Consumer Products and Services | 43996.6 | 1710 | 84975.7 | 1985 | 58712.4 | 1773 |
| Retail | 29293.4 | 729 | 71739 | 978 | 72945.6 | 811 |
| Government and Agencies | 13125.8 | 11 | 29 | 17 | 147.3 | 18 |
| Industry Total | 1270350.4 | 16123 | 2136863.7 | 19885 | 1595805.4 | 17192 |
|
©2008 Investment Dealers' Digest and SourceMedia, Inc. All rights reserved. |
|