NEW YORK, July 21, 2017 /PRNewswire/ -- Goldman, Sachs
& Co. led mergers and acquisitions during the first half
of 2017, in a period that saw M&A activity in healthcare rise
24% in dollar volume, despite Congress's failure to repeal or
replace the Affordable Care Act, according to The Deal, a business
unit of TheStreet, Inc., (NASDAQ: TST).
Healthcare deal volume fell 11% and U.S. M&A was off
significantly. This year, a 9% drop in
total deals and a decline of 29% in dollar
volume compared to 2016. M&A activity in technology
recorded the largest M&A decline of 56% in dollar terms from
2016 while deal volume rose 10%.
"The first half of 2017 saw good M&A volume, though down
from a very active 2016. Private equity is on pace for its best
year in a decade, and activity remains surprisingly strong in
healthcare given the uncertainty around the future of the
Affordable Care Act, though the market has been tougher for REIT
M&A," said David Marcus, senior
writer at The Deal.
The Deal compiled its exclusive ranking by analyzing its
database, which 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 January 1 and June 30,
2017.
Highlights include:
- Among investment banks, Goldman, Sachs & Co. came in first
with 51 deals. Citigroup Inc. was second with 46 deals. JPMorgan
Securities LLC was third, with 43 deals.
- Among law firms, Kirkland & Ellis LLP was the top
counsel to companies, with 59 deals. Skadden, Arps, Slate,
Meagher & Flom LLP was second with 49 deals. Latham
& Watkins LLP ranked third with 47 deals.
- Among Delaware firms, Richards, Layton & Finger
PA came in first with 24 deals. Morris, Nichols, Arsht & Tunnell LLP was
second with 10 deals. Potter Anderson & Corroon LLP ranked
third with nine.
- Among PR firms, Joele Frank, Wilkinson Brimmer
Katcher was first with 52 transactions. Sard Verbinnen &
Co. recorded 36 transactions. Kekst and Co. ranked third
with 21 transactions.
- Among proxy solicitors, Innisfree M&A Inc. was
involved in 25 deals. D.F. King & Co. and MacKenzie
Partners Inc. tied for second with 18 deals each. Okapi
Partners LLC came in third with 10 deals.
The full article 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), an unbiased
source of business news and market analysis for investors; BoardEx
(www.boardex.com), a 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,
212-321-5561, Jon.Kostakopoulos at thestreet.com
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