NEW YORK, Oct. 20, 2016 /PRNewswire/ -- The Deal, a
business unit of financial news and information provider of
TheStreet, Inc., (NASDAQ:TST) today announced that JPMorgan
Securities LLC led the way in third-quarter mergers and
acquisitions deals, despite less overall activity because of
concern about the U.S. Presidential Election and Brexit.
"Valuations, like stock markets, are way up at the moment,
holding back major deals. However, the number of agreements shows
there's plenty of appetite for smaller priced acquisitions. For the
rest of the year, regulations and interest rate decisions will
guide dealmakers -- that is to say, dealing with uncertainty.
Dealmakers may be pushing to get deals done before November to
execute in a known environment rather than face unforeseen
headwinds with a change of administration." said Andrew Bulkeley from The Deal.
The Deal's exclusive ranking covers top investment banks, law
firms, PR advisers, proxy solicitors and Delaware law firms that are engaged in mergers
and acquisitions. Data collected captures advisers to target/seller
and acquirer/bidder companies involving transactions announced
between Jan. 1 and Sept. 30,
2016.
League highlights include:
- JPMorgan Securities LLC took first place with 91
deals, in 53 of which it represented sellers. Goldman, Sachs &
Co. was second with 77 deals, in 26 of which it represented
buyers. Morgan Stanley came in third with 76 deals, in 28
of which it was on the side of buyers. Bank of America Merrill
Lynch and Barclays Capital tied for fourth 60 deals.
- Among law firms, Skadden, Arps, Slate, Meagher & Flom
LLP was the top counsel to companies, with 75 deals. Kirkland
& Ellis LLP and Latham & Watkins LLP tied for second
with 74 deals each. Weil, Gotshal & Manges LLP ranked
third with 48 deals. Wachtell, Lipton, Rosen & Katz ranked
fourth with 46 deals. Simpson Thacher & Bartlett
LLP ranked fifth with 43 deals.
- Among Delaware firms, Richards, Layton & Finger
PA came in first with 53 deals. Morris, Nichols, Arsht & Tunnell LLP recorded
30 deals, and Potter Anderson & Corroon LLP consummated 14
deals.
- Among PR firms, Joele Frank, Wilkinson Brimmer
Katcher was first with 79 transactions, in 47 of which it
represented sellers. Sard Verbinnen & Co. recorded 61
transactions, in 34 of which it represented sellers. Kekst and
Co. ranked third with 30 transactions. Abernathy MacGregor Group
Inc. came in fourth with 27 transactions. Rounding up the top
five, Brunswick Group LLP was involved in 23
transactions.
- Among proxy solicitors, Innisfree M&A Inc. was
involved in 44 deals. D.F. King & Co. came in second
with 27 deals. MacKenzie Partners Inc. came in third with 18
deals.
The report is available online. For more information about
The Deal's M&A coverage, go to www.thedeal.com.
About The Deal's M&A League Tables
Rankings
include the names of lead M&A and/or corporate partners at law
firms that represented principals and investment advisers. Only
deals involving a change of control at a target company with a
market value of $100 million or more are included, and
only when a key party involved is a U.S. company. Unless
the target is a recognized stand-alone operating business, rankings
will not include asset sales, unit sales, sales of subsidiaries,
spin-offs or joint ventures. Deals with undisclosed transactions
values are not eligible. The Deal's M&A League Tables,
which come out each quarter, are cumulative across the year.
About The Deal
The Deal (www.thedeal.com)
provides actionable, intraday coverage of mergers, acquisitions and
all other changes in corporate control to institutional investors,
private equity, hedge funds and the firms that serve them. The Deal
is a business unit of TheStreet, Inc. (NASDAQ:
TST, www.t.st), a leading financial news and information
provider. Other business units include TheStreet
(www.thestreet.com), which is celebrating its
20th year of producing unbiased business news and
market analysis; BoardEx (www.boardex.com), a relationship mapping
service of corporate directors and officers; and RateWatch
(www.ratewatch.com), which supplies rate and fee data from banks
and credit unions across the U.S.
Contact: Jon Kostakopoulos, TheStreet, Inc.,
212-321-5561, Jon Kostakopoulos at thestreet.com
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SOURCE TheStreet, Inc.