rainmaker

Global M&A Rainmakers of 2013

by

December 19, 2013

It is that time of the year when the PE and financial media publish yearly highlights. Institutional Investor published is top ten Deals of the Year, ranked by total advisory fees (based on estimates by investment consulting firm Freeman Consulting Services and Thomson Reuters).

 

The focus is on the ten investment banks that played key roles in a wide range of “remarkable” pending and closed transactions. Barclay’s was number one because it raised USD 9.1 billion, the “biggest capital raising” by a British bank since 2009.

 

Telecom giant Verizon Communications came in second with its USD 130 billion acquisition of U.K. rival Vodafone Group’s US unit. Number three was the largest tie-up of the past decade as Shuanghui International Holdings acquired American company Smithfield foods for USD 7 billion.

 

Two of the ten largest included PE funds, specifically number 4 and number 2. (See the graphic from II for all ten top deals). The magazine says that dealmakers will “face a test” in 2014 as differing monetary policies play out. Higher interest rates in the US may affect debt markets while the European Central Bank and the Bank of Japan are both expected to keep them interest rates low.

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