RSS FeedKotak Pips E&Y To The Top Position In Bloomberg M&A League Table
Wed, 08/30/2006 - 02:35 — Sahad P VBloomberg has released its League Tables for M&A advisers. Kotak Mahindra Capital Company, Ernst & Young (E&Y) and Morgan Stanley have occupied the first three slots of the "M&A financial advisory league table" for the year 2005, according to Bloomberg.
There were 568 deals announced in India which amounted to $20 billion. Kotak ranked first with 20 deals worth $2.9 billion, which is about 14 per cent marketshare as regards to value. In 2004, E&Y topped with 19 per cent share; Kotak hadn't figured in the top 20 league then which means the firm has really done well last year.
E&Y has done well on the deal count, but has lagged behind in value. It did 50 deals in 2005, the highest, but its market share has declined by 5.5 percentage points.
Other major losers of market share are Ambit Corporate Finance Ltd (at rank 9), down from 16.3 per cent to 6.5 per cent; Citigroup (ranked 7th), down from nearly 14 per cent to less than eight per cent; PricewaterhouseCoopers (rank 12) slipping from 8.4 per cent to 2.7 per cent; and ICICI Securities Ltd (rank 6), from 13.3 per cent to 8.1 per cent.
Apart from Kotak, a major gainer has been UBS, at rank 4, with a market share of 11 per cent with only four deals. UBS did the Vodafone-Bharti deal of $1.5 billion. That would have helped.
Read more in The Hindu Business Line.
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Heres the latest info on M&A activity (3Q,2006) in Asia-Pac (ex Japan) -
Indian-based targets were the most favored by investors and topped the target list with 887 deals totaling US$30.3 billion. Chinese companies followed with 1,308 transactions valued at US$28 billion. Hong Kong targets were the third most sought after companies and accounted for 551 deals worth US$24.8 billion.
Top Asia Pac (ex Japan) 2006 deals (upto 3Q,2006)
The US$8.1 billion spinoff of Reliance Industries
This is a bit old. Would you have access to the first six months of Calendar 2006 by any chance.
Thought I'd add some latest info (3Q,2006) on the Asia Pac (ex Japan) ECM front as well -
Indian firms accounted for 45.9% of total convertible issuance in the region with volumes amounting to slightly over US$4 billion from 34 issues compared to US$2.6 billion raised from 25 issues during the comparable period last year. Hong Kong firms were second most active raising a total of US$1.8 billion in proceeds from 12 issues. Malaysian firms came next with US$1.2 billion from three issues.
-P