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Announced U.S. Target M&A Advisers in Technology
| Advisor | 1/1/2008 - 6/16/2008 ($ Mil) | Rank | 1/1/2007 - 6/16/2007 ($ Mil) | Rank |
|---|---|---|---|---|
| Lehman Brothers | 24469 | 1 | 37486.8 | 4 |
| JP Morgan | 24226.6 | 2 | 23923.1 | 11 |
| Citi | 17597.9 | 3 | 33788.6 | 5 |
| Morgan Stanley | 13279.5 | 4 | 45539 | 1 |
| Evercore Partners | 13064.7 | 5 | 27861.7 | 8 |
| UBS | 10869.5 | 6 | 2780.8 | 15 |
| Goldman Sachs & Co | 8381.3 | 7 | 39083 | 2 |
| Merrill Lynch | 5698.4 | 8 | 29434.9 | 7 |
| Wachovia Corp | 4816.9 | 9 | 1317.4 | 16 |
| Deutsche Bank AG | 4389.3 | 10 | 33144.1 | 6 |
| Industry Total | 46652.7 | - | 84381.9 | - |
Equity/Equity Related Volume
| Date | Equity | Debt |
|---|---|---|
| June 2007 | 5340.3 | 8606.8 |
| July 2007 | 3710.6 | 29.3 |
| August 2007 | 5752.2 | 3483.4 |
| September 2007 | 3115.7 | 7704.2 |
| October 2007 | 10737.6 | 1859.4 |
| November 2007 | 4307 | 2296.4 |
| December 2007 | 4668.7 | 604.6 |
| January 2008 | 988.9 | 4336.6 |
| February 2008 | 848.5 | 5362 |
| March 2008 | 1966.5 | 3347.4 |
| April 2008 | 725.5 | 9736.5 |
| May 2008 | 1410 | 3555.2 |
| June 2008 | 2290.5 | 5540.9 |
Global Technology
| Bookrunner | 1/1/2008 - 6/16/2008 (US$ Mil) | Rank | 1/1/2007 - 6/16/2007 (US$ Mil) | Rank |
|---|---|---|---|---|
| JP Morgan | 5537.2 | 1 | 9363.7 | 1 |
| Goldman Sachs & Co | 5176.6 | 2 | 7189 | 2 |
| Citi | 4202.6 | 3 | 5882.4 | 4 |
| Deutsche Bank AG | 3875.2 | 4 | 2309.7 | 8 |
| Morgan Stanley | 3613.1 | 5 | 5979.6 | 3 |
| Credit Suisse | 3526.3 | 6 | 4509 | 5 |
| Lehman Brothers | 2050.4 | 7 | 2488 | 7 |
| UBS | 1793.1 | 8 | 3296.8 | 6 |
| Banc of America Securities LLC | 1658.6 | 9 | 1821.8 | 10 |
| Barclays Capital | 1604.6 | 10 | 166.5 | 29 |
| Industry Total | 40108.3 | - | 55864 | - |
Global Volume by Product
| (01/01/08- 06/16/08) | (01/01/07- 06/16/07) | |||
|---|---|---|---|---|
| Security Type | Proceeds ($mil) | Issues | Proceeds ($mil) | Issues |
| Common Stock | 3950.8 | 93 | 19188.7 | 202 |
| Convertibles | 4279 | 16 | 14606.1 | 42 |
| Straight Debt | 31686.4 | 30 | 21654.7 | 57 |
| Straight Preferred | - | - | - | - |
| Taxable Municipals | 40.3 | 1 | 2 | 1 |
| ABS/MBS | 151.8 | 1 | 412.5 | 1 |
Recent Global Debt Deals in Technology
| Issue Date | Issuer | Principal Amount ($ mil) | Final Maturity | Coupon (%) | Offer Yield to Maturity (%) | Bookrunner(s) | Moody Rating | Stan- dard & Poor's Rating | Fitch Rating |
|---|---|---|---|---|---|---|---|---|---|
| 6/02/2008 | Iron Mountain Inc | 300 | 6/15/2020 | 8 | 8 | JP Morgan Barclays Capital Lehman Brothers Greenwich Capital Markets Inc | B2 | B+ | NR |
| 5/29/2008 | BMC Software Inc | 300 | 6/01/2018 | 7.25 | 7.335 | Banc of America Securities LLC Credit Suisse | Baa3 | BBB | NR |
| 5/28/2008 | Hubbell Inc | 300 | 6/01/2018 | 5.95 | 6.053 | JP Morgan Morgan Stanley & Co | A3 | A+ | A |
| 5/28/2008 | Moog Inc | 200 | 6/15/2018 | 7.25 | 7.25 | Banc of America Securities LLC | Ba3 | BB | NR |
| 5/28/2008 | Telecom Italia Capital | 1000.00 | 6/04/1938 | 7.721 | 7.721 | Goldman Sachs & Co JP Morgan Lehman Brothers Merrill Lynch | Baa2 | BBB | BBB+ |
| 5/28/2008 | Telecom Italia Capital | 1000.00 | 6/04/2018 | 6.999 | 6.999 | Goldman Sachs & Co JP Morgan Lehman Brothers Merrill Lynch | Baa2 | BBB | BBB+ |
| 5/21/2008 | Nortel Networks Limited | 675 | 7/15/2016 | 10.75 | 10.939 | JP Morgan Citi | B3 | B- | NR |
| 5/19/2008 | Lexmark International Inc | 300 | 6/01/2018 | 6.65 | 6.687 | JP Morgan Citi | Baa2 | BBB | NR |
| 5/19/2008 | Lexmark International Inc | 350 | 6/01/2013 | 5.9 | 5.94 | JP Morgan Citi | Baa2 | BBB | NR |
| 5/15/2008 | Eaton Corp | 300 | 5/15/2013 | 4.9 | 4.917 | Citi JP Morgan Morgan Stanley & Co | A2 | A | A |
| 5/15/2008 | Eaton Corp | 450 | 5/15/2018 | 5.6 | 5.634 | Citi JP Morgan Morgan Stanley & Co | A2 | A | A |
| 5/14/2008 | Jabil Circuit Inc | 150 | 3/15/2018 | 8.25 | 8.633 | Citi JP Morgan | Ba1 | BB+ | BB+ |
| 5/13/2008 | Nortek Holdings Inc | 750 | 12/01/2013 | 10 | 10.252 | Credit Suisse Banc of America Securities LLC Goldman Sachs & Co | B1 | B | NR |
| 5/13/2008 | Parker Hannifin Corp | 325 | 5/15/1938 | 6.25 | 6.254 | Banc of America Securities LLC Goldman Sachs & Co Morgan Stanley & Co | A2 | A | A |
| 5/13/2008 | Parker Hannifin Corp | 450 | 5/15/2018 | 5.5 | 5.531 | Banc of America Securities LLC Goldman Sachs & Co Morgan Stanley & Co | A2 | A | A |
Recently Announced Global M&A Deals in High Technology
| Date Announced | Target Name | Target Nation | Acquiror Name | Acquiror Nation | Value of Transaction ($mil) |
|---|---|---|---|---|---|
| 6/16/2008 | De La Rue Cash Systems | United States | Carlyle Group LLC | United States | 706.644 |
| 6/16/2008 | HUGHES Telematics Inc | United States | Polaris Acquisition Corp | United States | 682.28 |
| 6/16/2008 | HelioDynamics Ltd | United Kingdom | EnergyMixx AG | Switzerland | 4.423 |
| 6/16/2008 | Houstech Inc | United States | Investor Group | United States | |
| 6/16/2008 | Storm Semiconductor Inc | United States | Cortina Systems Inc | United States | |
| 6/15/2008 | Profdoc ASA | Norway | CompuGROUP Holding AG | Germany | 47.568 |
| 6/13/2008 | ACK Ltd | United Kingdom | DataCash Group PLC | United Kingdom | 5.838 |
| 6/13/2008 | Catalyst Management Ltd-Assets | United Kingdom | Keycom PLC | United Kingdom | 2.335 |
| 6/13/2008 | ImageONE Co Ltd | Japan | Kokusai Kogyo Holdings Co Ltd | Japan | 1.368 |
| 6/13/2008 | Media Drive Corp | Japan | NJK Corp | Japan | 0.625 |
| 6/13/2008 | Medilink(Thailand)Co Ltd | Thailand | Medilink-Global(Asia)Pte Ltd | Singapore | 0.06 |
| 6/13/2008 | Open IPTV Co Ltd | South Korea | Celrun Co Ltd | South Korea | 3.84 |
| 6/13/2008 | Praxis Calcolo SpA | Italy | Data Service SpA | Italy | |
| 6/13/2008 | Project Performance Corp | United States | AEA Technology PLC | United Kingdom | 65 |
| 6/13/2008 | Resource Team Ltd | United Kingdom | Investor Group | Guernsey | |
High Tech
Recent US Syndicated Loans
| Financial Close Date | Borrower | Business Description | Loan Package Amt (US$ Mil) | Bookrunner(s) | Loan Description |
|---|---|---|---|---|---|
| 6/04/2008 | FEI Co | Mnfr particle beam sys | 100 | JP Morgan | Rev Cred Fac |
| 5/30/2008 | Heartland Payment Systems Inc | Pvd creditcard processing svcs | 75 | JP Morgan | RevCred/Term Ln |
| 5/30/2008 | Heartland Payment Systems Inc | Pvd creditcard processing svcs | 75 | JP Morgan | RevCred/Term Ln |
| 5/30/2008 | Perficient Inc | Pvd info tech solutions svcs | 50 | Silicon Valley Bank Inc KeyBank Corp | Rev Cred Fac |
| 5/29/2008 | MedAssets Inc | Healthcare grp purchasing org | 372 | BankAmerica | RevCred/TLB |
| 5/29/2008 | MedAssets Inc | Healthcare grp purchasing org | 372 | BankAmerica | RevCred/TLB |
| 5/29/2008 | MedAssets Inc | Healthcare grp purchasing org | 372 | BankAmerica | RevCred/TLB |
| 5/29/2008 | Mediacom Broadband LLC | Investment company | 350 | JP Morgan BankAmerica | Term Loan E |
| 5/29/2008 | Wright Express Corp | Pvd payment processing svcs | 100 | BankAmerica SunTrust Banks | Rev Cred Fac |
| 5/28/2008 | SRA International Inc | Pvd info tech svcs | 285 | SunTrust Banks BankAmerica | Rev Cred Fac |
| 5/23/2008 | Varian Semiconductor Equipment | Mnfr,whl semiconductor equip | 100 | JP Morgan | Rev Cred Fac |
| 5/16/2008 | Fairchild Semiconductor Corp | Mnfr semiconductor devices | 150 | BankAmerica JP Morgan | Term Loan A |
| 5/16/2008 | Milestone AV Tech Inc | Mnfr mounting equip | 250 | BankAmerica | RevCred/TLA |
| 5/16/2008 | Milestone AV Tech Inc | Mnfr mounting equip | 250 | BankAmerica | RevCred/TLA |
| 5/13/2008 | AMX Corp | Mnfr,dvlp,whl electn equip | 50 | JP Morgan | RevCred/TLA |
| 5/13/2008 | AMX Corp | Mnfr,dvlp,whl electn equip | 50 | JP Morgan | RevCred/TLA |
US Technology
| Bookrunner | 1/1/2008 - 6/16/2008 (US$ Mil) | Rank | 1/1/2007 - 6/16/2007 (US$ Mil) | Rank |
|---|---|---|---|---|
| JP Morgan | 5293.4 | 1 | 7940.1 | 1 |
| Morgan Stanley | 3580.8 | 2 | 5186.1 | 3 |
| Citi | 3349.6 | 3 | 4204 | 5 |
| Credit Suisse | 2994.8 | 4 | 4349.3 | 4 |
| Goldman Sachs & Co | 2299.9 | 5 | 5444.5 | 2 |
| Lehman Brothers | 2050.4 | 6 | 2211 | 6 |
| Banc of America Securities LLC | 1658.6 | 7 | 1821.8 | 8 |
| Barclays Capital | 1604.6 | 8 | 166.5 | 17 |
| Merrill Lynch | 1358.7 | 9 | 2150.6 | 7 |
| Deutsche Bank AG | 1254.7 | 10 | 1658 | 9 |
| Industry Total | 28510.5 | - | 38219.2 | - |
Announced Global Target M&A Advisers in Technology
| Advisor | 1/1/2008 - 6/16/2008 ($ Mil) | Rank | 1/1/2007 - 6/16/2007 ($ Mil) | Rank | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JP Morgan | 25358.7 | 1 | 25215.4 | 11 | 20.8 | 20 | ||||||||
| Lehman Brothers | 24981.5 | 2 | 37563.3 | 5 | 31 | 11 | ||||||||
| Citi | 18918.5 | 3 | 35667.2 | 6 | 29.4 | 26 | ||||||||
| Morgan Stanley | 17445.2 | 4 | 48885.4 | 1 | 40.3 | 25 | ||||||||
| Evercore Partners | 13689.7 | 5 | 27861.7 | 8 | 23 | 3 | ||||||||
| UBS | 12732.7 | 6 | 11743.9 | 12 | 9.7 | 18 | ||||||||
| Goldman Sachs & Co | 9626.6 | 7 | 41152.7 | 3 | 34 | 24 | ||||||||
| Merrill Lynch | 9587.3 | 8 | 32351.6 | 7 | 26.7 | 14 | ||||||||
| Deutsche Bank AG | 7294.8 | 9 | 40329 | 4 | 33.3 | 15 | ||||||||
| Wachovia Corp | 4816.9 | 10 | 1317.4 | 19 | 1.1 | 4 | ||||||||
| Industry Total | 72990.4 | - | 121229.4 | - | 100 | 2563 | ||||||||
Recent Global Equity Deals in Technology
| Issue Date | Issuer | Principal Amt - sum of all Mkts ($ mil) | Offer Price | 06/16/08 Price | Gross Spread as % of Prncpl Amt - in this Mkt | Bookrunner(s) | IPO Flag (Y/N) |
|---|---|---|---|---|---|---|---|
| 6/16/2008 | Sejal Architectural Glass Ltd | 24.70 | 115.00 | na | Saffron Capital Advisors | Yes | |
| 6/13/2008 | Keycom PLC | 1.10 | 0.02 | na | Dawnay Day Corp Finance Ltd | No | |
| 6/12/2008 | Chialin Precision Industrial | 1.90 | 15.00 | na | Taiwan Intl Securities Corp | Yes | |
| 6/12/2008 | Monotype Imaging Holdings Inc | 60.00 | 12.00 | 12.06 | 5.5 | JP Morgan Banc of America Securities LLC | No |
| 6/11/2008 | Global Gaming Technologies PLC | 0.50 | 0.01 | 0.014 | na | Canaccord Adams Hansard Group PLC | No |
| 6/09/2008 | Mavinwood PLC | 0.80 | 0.12 | 0.261 | na | Collins Stewart Ltd | No |
| 6/09/2008 | Niraj Cement Structurals Ltd | 14.40 | 190.00 | na | All Bank Finance Ltd | Yes | |
| 6/05/2008 | BGC Partners Inc | 160.00 | 8.00 | 8.02 | 3.5 | Deutsche Bank Securities Corp Cantor Fitzgerald Inc | No |
| 6/05/2008 | Shenzhen Rainbow Fine Chem Ind | 39.80 | 12.56 | na | Guosen Securities Co Ltd | Yes | |
| 6/04/2008 | A8 Digital Music Holdings Ltd | 22.20 | 1.90 | 0.265 | 3.5 | SBI E2-Capital(HK)Ltd | Yes |
| 6/04/2008 | A8 Digital Music Holdings Ltd | 22.20 | 1.90 | 0.265 | 3.5 | SBI E2-Capital(HK)Ltd | Yes |
| 6/04/2008 | Hampson Industries PLC | 127.60 | 1.35 | 3.514 | na | Investec Bank Ltd Arbuthnot Securities Ltd | No |
| 6/04/2008 | Hampson Industries PLC | 127.60 | 1.35 | 3.514 | na | Investec Bank Ltd Arbuthnot Securities Ltd | No |
| 6/04/2008 | Nuance Communications Inc | 101.20 | 18.15 | 16.75 | na | Thomas Weisel Partners LLC | No |
| 6/04/2008 | Points International Ltd | 47.80 | 1.65 | 1.367 | 6 | RBC Capital Markets | No |
Announced Global Technology M&A Deals
| Industry | 1/1/2008 - 12/31/2008 ($ Mil) | Deals | 1/1/2007 - 6/16/2007 ($ Mil) | Deals |
|---|---|---|---|---|
| IT Consulting & Services | 22779.8 | 459 | 8670.9 | 607 |
| Internet Software & Services | 16246.9 | 517 | 21510.7 | 601 |
| Software | 12823.8 | 639 | 31986.8 | 677 |
| Semiconductors | 10139.9 | 186 | 12551.8 | 180 |
| Electronics | 5327.2 | 245 | 4832.6 | 270 |
| Computers & Peripherals | 4885.8 | 125 | 40621.7 | 171 |
| E-commerce / B2B | 666.6 | 55 | 482.8 | 43 |
| Other High Technology | 120.5 | 13 | 572.2 | 14 |
| Industry Total | 72990.4 | 2239 | 121229.4 | 2563 |
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