NEW YORK, Feb. 22, 2017 /PRNewswire/ -- Rothschild
& Co., Kirkland & Ellis LLP, and Abernathy MacGregor Group
Inc. were the top advisers to the private equity industry in 2016,
according to The Deal, a business unit of TheStreet,
Inc. (NASDAQ: TST).
The report also found that the year ahead contains potential
challenges for the industry. The private equity industry continues
to face strong competition in 2017 from strategic buyers, sovereign
wealth funds, and family offices in acquiring quality private
companies. Complicating matters further, is impending tax reform
legislation that may take away the tax deductibility of
interest expense, which, if enacted, will adversely affect the
economics of PE firms.
"Private equity firms continue to navigate a high-valuation
environment as they compete for assets against strategic buyers and
others," said Armie Lee, private
equity reporter at The Deal. "At the same time, PE firms are
keeping an eye on the developments in Washington, including potential tax
reform."
The Deal's exclusive ranking covers the top investment banks,
law firms, and PR advisers engaged in private equity transactions
globally for the full year of 2016. Collected data captures
advisers to target/seller and acquirer/bidder companies involving
transactions.
Some highlights from the report:
- Among investment banks, Rothschild & Co topped the list
with 114 PE deals, 81 of which represented the sell-side. Lazard
Ltd. ranked second with 95 deals, 57 of which involved representing
the sell-side. Houlihan Lokey Inc. finished third with 80 deals, 67
of which it represented the sell-side.
- Among law firms, Kirkland & Ellis LLP was the top counsel
to companies, with 287 deals, 192 of which it represented the
buy-side. Latham & Watkins LLP was second with 162 deals. Weil,
Gotshal & Manges LLP ranked third with 117 deals.
- Among PR firms involved in private equity transactions,
Abernathy MacGregor Group Inc. was first with 117 transactions, in
97 of which it represented the buy-side. Sard Verbinnen & Co.
LLC came in second, with 102 transactions. Kekst and Co. ranked
third with 80 transactions.
The full report is available online. For more information
about The Deal's Private Equity coverage, go
to www.thedeal.com.
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), the
leading relationship mapping service of corporate directors and
officers; and RateWatch (www.rate-watch.com) which supplies rate
and fee data from banks and credit unions across the U.S.
Contact: Jon Kostakopoulos,
1-212-321-5561, Jon.Kostakopoulos at thestreet.com
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SOURCE TheStreet, Inc.