Hey all, just thought it'd be interesting to post the US and Global M&A League Tables for YTD-September from FactSet.
US League Table
Global League Table
Keep in mind that league tables are NOT 100% accurate (aka please don't turn this into another ranking thread). Also, note that the transaction value only includes disclosed transaction values, while total deals includes all announced deals (including undisclosed transaction values).
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Interesting content, thx for posting. Just out of curiousity, is Moelis usually that low in total transaction value?
Moelis does a lot more sponsor advisory than strategic advisory compared to other EBs, and sponsor transactions tend to have undisclosed values a lot more, hence why Moelis's total disclosed value is a lot lower. Looking at the data, only 55% of Moelis's transactions have disclosed values, compared to 62% for Lazard, 69% for Evercore, 72% for PJT, and 83% for CVP and PWP.
Both. What really matters is your deal reps and exposure as an analyst (essentially deal count/IB analyst class size could serve as a decent proxy). I can tell you that deal size really doesn't matter that much and doesn't mean a better analyst experience. I'm at an EB that does everything from the $100M sell side to the mega-cap deal, and I've generally found that deals around the $700-$1.5B range have been the most enjoyable deals to work on.
Damn Allen & Co and Qatalyst are absolute beasts in their space.
Looking like Guggenheims killing Moelis
Moelis usually isn't that high in league tables. Their bread and butter has always been MM to mid-cap sponsor sell-sides, and have always been a volume shop like Jefferies or Lazard doing way more deals than the PJT/CVP-type firms.
Very interesting, thanks for posting.
- Evercore seems to have solidified its status as "the Goldman of independent advisory firms"
- Jefferies is killing it, seems like it's solidly established itself below CS in North America over the past couple of years. International presence is still weaker than the BBs though.
- Allen & Co, Qatalyst, and LionTree are absolutely killing it in TMT
- WF's M&A deal flow still doesn't seem to have picked up compared to the past few years
- Greenhill has seemed to completely dropped off. I don't think they've been in top 50 in league tables since 2018 or so.
Yeah WF is a lower than I thought they'd be. I always thought of them as below RBC by a bit, but not by that much.
Just thought it'd be interesting to post these 2007 Mergermarket M&A league tables I found.
Global
US
So looking at the league tables RBC's been a "rising BB" since before the GFC huh?
Do they have a bad reputation? BofA is almost universally considered #4 BB on this site.
Roths is higher in the US than I thought it would be