NEW YORK, Aug. 11, 2017 /PRNewswire/ -- Private Equity had
its best first-half in nearly four years and transaction activities
are projected to continue to be robust throughout the rest of 2017,
according to The Deal, a business unit of TheStreet,
Inc. (NASDAQ: TST).
In the first half of the year, global financial sponsor entry
M&A accounted for 8.6% of total M&A, the highest first-half
percentage since 2013, when it represented 11.7%, according to
Dealogic. Last year, the figure was 7.1%.
"Amid a continued high-valuation environment, private equity
firms are finding attractive investment opportunities, with
technology and healthcare among the sectors that have seen plenty
of deal activity in the first half of the year," said Armie
Lee, reporter at The Deal. "Deal advisers see PE transaction
activity remaining strong in the months ahead."
The Deal's exclusive ranking covers the top investment banks,
law firms, and PR advisers engaged in private equity transactions
globally from January 1 to June 30, 2017. Collected data
captures advisers to target/seller and acquirer/bidder companies
involving transactions.
Some highlights from the report:
- Among investment banks, Morgan Stanley topped the list with 57
PE deals, 25 of which represented the sell-side. Houlihan Lokey
Inc. ranked second with 50 deals, 42 of which involved representing
the sell-side. Goldman, Sachs & Co. finished third with 46
deals, 31 of which it represented the sell-side.
- Among law firms, Kirkland & Ellis LLP was the top
counsel to companies, with 152 deals, 104 of which it represented
the buy-side. Latham & Watkins LLP was second with 64
deals. Weil, Gotshal & Manges LLP ranked third with 61
deals.
- Among PR firms involved in private equity
transactions, Abernathy MacGregor Group Inc. was first with 62
transactions, in 55 of which it represented the buy-side. Sard
Verbinnen & Co. LLC came in second, with 53
transactions. Joele Frank, Wilkinson Brimmer
Katcher ranked third with 44 transactions.
The full article is available online. For more
information about The Deal's Private Equity coverage, go
to www.thedeal.com.
About The Deal's Private Equity League Tables
The Private Equity League Tables include global deals
involving PE firms, either on the buy side or sell side, regardless
of whether financial terms were disclosed. Credit is given to all
advisory firms involved on the deal, not only firms that advised on
the PE side or a PE client. Deal types range from leveraged
buyouts, add-on acquisitions, management-backed buyouts and any
deal where a PE firm had a stake in the target, buyer or seller.
Transactions where the investment implied at least a 30% stake in
the target we're also included, as were minority investments where
PE executives joined target boards.
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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SOURCE TheStreet, Inc.