YTD League Tables
Does anyone have YTD league tables from any of the major data providers? Would appreciate it if anyone who does can post them.
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Here's YTD M&A league tables from Thomson Reuters/Refinitiv.
Edit: Since the picture isn't showing up:
1. Goldman Sachs - $412.0 bn, 131 Deals
2. JP Morgan - $250.6 bn, 94 Deals
3. Morgan Stanley - $221.3 bn, 97 Deals
4. BofA - $197.4 bn, 69 Deals
5. Citi - $182.5 bn, 52 Deals
6. Barclays - $119.7 bn, 66 Deals
7. Credit Suisse - $116.2 bn, 39 Deals
8. Jefferies - $101.1 bn, 71 Deals
9. BNP Paribas - $95.8 bn, 36 Deals
10. Lazard - $89.9 bn, 69 Deals
Excuse my ignorance but how is BNP Paribas so high?
Balance sheet bank. Gets buy-side advisory credit on a number of large deals each year for providing cheap financing (large deals they got buy-side credit for providing financing that I can think of this year include the HDFC and Cornerstone deals). Almost always the buy-side advisor for their larger deals, and usually not the sole bank (because they are mainly just there to provide financing while another bank does the advisory).
they closed more deals than other banks, hope it helps
Allen & Co killing it with the Activision deal.
Jefferies doing very well compared to the past few years.
From Dealogic,
For M&A
1. GS
2. JPM
3. BofA
4. MS
5. Barclays
For overall IB fees:
1. GS
2. JPM
3. BofA
4. MS
5. Citi
Interesting that Dealogic seems to miss some pretty big deals in its count, most notably HDFC Bank's $60 bn acquisition of Housing Development Finance Corp.
All the league table providers have slightly different deal counts and values, with Factset probably being the slowest at updating and missing the most deals, but yeah it's pretty interesting that Dealogic missed the biggest bank merger post-GFC in its count.
Who were the advisors on that deal?
.
Anyone have YTD C&R league tables? Thanks!
From Thomson Reuters/Refinitiv. Obviously not perfect (some deals are classed incorrectly, and had to manually de-select gaming and media & telecom), but a solid approximation :
1. JP Morgan - $17.7 bn, 12 Deals
2. GS - $16.7 bn, 10 Deals
3. Citi - $14.0 bn, 7 Deals
4. Jefferies - $11.9 bn, 4 Deals
5. BofA - $10.7 bn, 10 Deals
6. Rothschild - $9.2 bn, 16 Deals
7. MS - $6.2 bn, 9 Deals
8. Evercore - $3.6 bn, 5 Deals
9. Barclays - $3.6 bn, 9 Deals
10. Arctic Securities - $3.2 bn, 1 Deal
TMT? Thanks!
From Thomson Reuters for TMT:
1. GS - $165.1 bn, 42 Deals
2. Allen & Co - $84.5 bn, 3 Deals
3. JP Morgan - $55.8 bn, 25 Deals
4. Citi - $38.4 bn, 5 Deals
5. BofA - $37.5 bn, 11 Deals
6. Barclays - $36.5 bn, 9 Deals
7. MS - $35.9 bn, 22 Deals
8. CS - $33.4 bn, 7 Deals
9. Qatalyst - $27.6 bn, 3 Deals
10. PJT Partners - $20.8 bn, 9 Deals
GS dominating the TMT space as per usual.
Lol my man Allen did $84.5 bn in 3 deals
Is PJT a big tech bank now? Or are the numbers high because of media/telecom deals?
Healthcare? Thank you!
From the poster below:
League tables don't include HCIT, which are usually classified under Technology, so the league tables for HC are more like BioTech + HC Services + Med Devices.
1. SVB Leerink - $8.6 bn, 4 Deals
2. Jefferies - $7.9 bn, 14 Deals
3. Citi - $6.1 bn, 5 Deals
4. JP Morgan - $4.0 bn, 8 Deals
5. Lazard - $4.0 bn, 11 Deals
6. Evercore - $3.6 bn, 4 Deals
7. Moelis - $3.5 bn, 6 Deals
8. Allegro Capital Advisors - $3.3 bn, 1 Deal
8. PJT Partners - $3.3 bn, 1 Deal
10. GS - $3.2 bn, 10 Deals
SVBL and Jefferies leading the pack, SVB with a fast start in BioTech and Jefferies doing their usual thing in HC Services and BioTech, and both landing the LHC/Optum deal. Also, not reflected in the top 10 league tables are MS executing a bunch of services & biotech deals with undisclosed values (Over a dozen deals to date), and HL and Rothschild doing quite some volume in the MM space.
Anyone’s got the O&G US league tables? Thanks!
Bump
Interested in Energy as well
From Factset, which tends to miss quite a number of deals. Also should note that O&G league tables aren't the best because a lot of sizable O&G deals A&D deals are undisclosed and aren't included (which are Rothschild and JEF especially do quite a lot of):
1. RBC - $10.5 bn, 10 Deals
2. Citigroup - $5.7 bn, 3 Deals
3. Jefferies - $3.6 bn, 5 Deals
4. PWP/TPH - $3.6 bn, 3 Deals
5. GS - $3.5 bn, 1 Deal
6. JP Morgan - $2.6 bn, 1 Deal
7. Scotiabank - $1.6 bn, 1 Deal
8. PJT Partners - $1.3 bn, 1 Deal
9. WF - $960 mm, 2 Deals
10. Johnson Rice & Co, $860 mm, 1 Deal
Overall basically what you'd expect. RBC shows its lending prowess and relationships, with 7 of its 10 deals being buy-side deals; Citi is overall strong in O&G. Jefferies is killing it in A&D (can confirm that Factset misses a number of those transactions), and PWP/TPH has made a comeback despite concerns over losing some top seniors.
Surprised that EVR is missing. What’s going on there?
Also noticed that GS/ JPM are below Citi/Jeff/TPH in league tables right now.
RBC #1 and anyone who thinks otherwise is a virgin
Anyone got RX league tables? Thanks!
From Thomson Reuters. Keep in mind that many RX deals are undisclosed and YTD 2022 RX activity has been pretty muted.
1. Moelis - $77.7 bn, 7 Deals
2. PJT Partners - $59.6 bn, 5 Deals
3. Lazard - $58.4 bn, 5 Deals
4. HL - $53.4 bn, 7 Deals
5. Rothschild - $38.2 bn, 3 Deals
6. Ankura Consulting Group - $35 bn, 1 Deal
7. Greenhill - $35 bn, 1 Deal
8. AlixPartners - $19.0 bn, 3 Deals
9. FTI Consulting - $17.4 bn, 2 Deals
10. Evercore - $9.7 bn, 2 Deals
from my understanding, RX league tables can be misleading in a way that is similar to how m&a league tables can be misleading: balance sheet banks get m&a credit for facilitating financing - one RX deal can have multiple shops repping debtor & different classes of creditors, so don’t think the tables are super indicative (+ the many undisclosed RX deals)
are 8 and 9 their actual IB divisions or their normal consulting divisions.
Anyone have just Tech league tables (excluding media & telecom)? Thanks!
Anyone have Canadian league tables?
From Thomson Reuters, any Canadian involvement:
1. MS - $20.4 bn, 13 Deals
2. JPM - $18.5 bn, 5 Deals
3. TD - $16.6 bn, 8 Deals
4. Goldman Sachs - $10.8 bn, 8 Deals
5. Lazard - $9.9 bn, 9 Deals
6. RBC - $9.4 bn, 17 Deals
7. Credit Suisse - $7.2 bn, 5 Deals
8. Barclays - $5.7 bn, 4 Deals
9. CIBC - $5.4 bn, 8 Deals
10. PJT - $4.4 bn, 2 Deals
Basically no surprises, except for maybe the fact that BMO isn't in the top 10, but the year is still early.
healthcare tables? thank you!
League tables don't include HCIT, which are usually classified under Technology, so the league tables for HC are more like BioTech + HC Services + Med Devices.
1. SVB Leerink - $8.6 bn, 4 Deals
2. Jefferies - $7.9 bn, 14 Deals
3. Citi - $6.1 bn, 5 Deals
4. JP Morgan - $4.0 bn, 8 Deals
5. Lazard - $4.0 bn, 11 Deals
6. Evercore - $3.6 bn, 4 Deals
7. Moelis - $3.5 bn, 6 Deals
8. Allegro Capital Advisors - $3.3 bn, 1 Deal
8. PJT Partners - $3.3 bn, 1 Deal
10. GS - $3.2 bn, 10 Deals
SVBL and Jefferies leading the pack, SVB with a fast start in BioTech and Jefferies doing their usual thing in HC Services and BioTech, and both landing the LHC/Optum deal. Also, not reflected in the top 10 league tables are MS executing a bunch of services & biotech deals with undisclosed values (Over a dozen deals to date), and HL and Rothschild doing quite some volume in the MM space.
thank you! A bit surprised to not see CVP on here, have they started slow?
From Thomson Reuters, YTD 4/05/2021 league tables last year:
1. GS - $374.1 bn, 169 Deals
2. JP Morgan - $292.2 bn, 164 Deals
3. MS - $227.7 bn, 109 Deals
4. Citi - $223.3 bn, 100 Deals
5. BofA - $197.3 bn, 84 Deals
6. Barclays - $156.1 bn, 80 Deals
7. CS - $139.0 bn, 72 Deals
8. Evercore - $121.4 bn, 50 Deals
9. Lazard - $73.8 bn, 65 Deals
10. DB - $57.4 bn, 39 Deals
11. UBS - $57.2 bn, 51 Deals
12. Jefferies - $54.5 bn, 86 Deals
13. PJT - $54.2 bn, 20 Deals
14. BMO - $50 bn, 15 Deals
15. CVP - $42.6 bn, 24 Deals
Industry Total of $1.3 trillion compared with $1.1 trillion in transaction volume YTD 2022.
What's been up with Evercore this year? Seem to have fallen off a bit compared to previous years in terms of deal volume.
Lack of marquee transactions. By this point last year their announced deals include the $31 bn AerCap/GE deal, the $31 bn Canadian Pacific/Kansas City Southern deal, and the $8 bn Teledyne/FLIR Deal, and by this point in 2020 they had completed the $24.5 bn Otis Elevator spin-off, the $21 bn UTC spin-off, and the $11 bn Equitrans Midstream/EQM deal. Largest deal so far this year was the $9 bn TEGNA deal, and most of their announced deals have been mid-cap to UMM-sized deals.
Anonymous Analyst 2, just wanted to give you a shoutout for being a homie and hooking us up with the league tables - really appreciate it!
Does anyone have RE league tables? Much appreciated.
REGL tables
1. BofA - $41.5 bn, 7 Deals
2. JPM - $40.0 bn, 6 Deals
3. GS - $32.6 bn, 10 Deals
4. Eastdil Secured - $32.5 bn, 6 Deals
5. JLL - $28.9 bn, 6 Deals
6. MS - $28.6 bn, 6 Deals
7. Rothschild - $24.9 bn, 7 Deals
8. Citi - $17.9 bn, 2 Deals
9. Scotiabank - $11.1 bn, 2 Deals
10. Lazard - $10.2 bn, 3 Deals
Fig?
1. JPM - $105.5 bn, 14 Deals
2. GS - $102.0 bn, 21 Deals
3. MS - $87.7 bn, 11 Deals
4. BofA - $79.0 bn, 14 Deals
5. Citi - $76.2 bn, 9 Deals
6. CS - $65.5 bn, 6 Deals
7. BNP Paribas - $63.5 bn, 7 Deals
8. Axis Bank - $62.6 bn, 3 Deals
9. Jefferies - $60.8 bn, 7 Deals
10. CITIC - $60.7 bn, 3 Deals
Big year for FIG with the landmark HDFC merger which half the BBs got buy-side credit for (although Jefferies and CS were the big winners from that as joint lead sell-side advisors), as well as Citi shedding their consumer bank (providing themselves with some nice deal flow lol).
Industrials?
.
1. GS - $44.1 bn, 29 Deals
2. BofA - $31.3 bn, 20 Deals
3. Citi - $25.1 bn, 15 Deals
4. Barclays - $25.1 bn, 22 Deals
5. MS - $22.9 bn, 25 Deals
6. JPM - $22.2 bn, 22 Deals
7. Rothschild - $14.5 bn, 44 Deals
8. UBS - $11.9 bn, 11 Deals
9. RBC - $10.0 bn, 12 Deals
10. BNP Paribas - $9.4 bn, 14 Deals.
Does anyone have energy ranking? Thank you very much
From above:
From Factset, which tends to miss quite a number of deals. Also should note that O&G league tables aren't the best because a lot of sizable O&G deals A&D deals are undisclosed and aren't included (which are Rothschild and JEF especially do quite a lot of):
1. RBC - $10.5 bn, 10 Deals
2. Citigroup - $5.7 bn, 3 Deals
3. Jefferies - $3.6 bn, 5 Deals
4. PWP/TPH - $3.6 bn, 3 Deals
5. GS - $3.5 bn, 1 Deal
6. JP Morgan - $2.6 bn, 1 Deal
7. Scotiabank - $1.6 bn, 1 Deal
8. PJT Partners - $1.3 bn, 1 Deal
9. WF - $960 mm, 2 Deals
10. Johnson Rice & Co, $860 mm, 1 Deal
Overall basically what you'd expect. RBC shows its lending prowess and relationships, with 7 of its 10 deals being buy-side deals; Citi is overall strong in O&G. Jefferies is killing it in A&D (can confirm that Factset misses a number of those transactions), and PWP/TPH has made a comeback despite concerns over losing some top seniors.
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