NEW YORK, Oct. 2, 2017 /PRNewswire/ -- Heading into the
fourth quarter private equity firms continue to see a strong
climate for deals, while the PE market is coming off its best three
quarters in nearly four years, according to The Deal, a
business unit of TheStreet, Inc. (NASDAQ: TST).
Armed with a huge amount of dry powder, private equity firms are
finding attractive opportunities in which to deploy capital.
"Private equity transaction activity remained strong in the
third quarter, with deals such as the Bain Capital LLC-led
consortium's agreement to acquire Toshiba Corp.'s memory chip
unit," said Armie Lee, reporter at
The Deal. "Advisers to PE firms say they see the deal environment
continuing to be robust in the months ahead."
The Deal's exclusive League Table ranking covers the top
investment banks, law firms, and PR advisers engaged in private
equity transactions globally from January 1 to September 15,
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 80
PE deals, 41 of which represented the sell-side. Rothschild &
Co ranked second with 70 deals, 46 of which involved representing
the sell-side. Houlihan Lokey Inc. finished third with 69 deals, 60
of which it represented the sell-side.
- Among law firms, Kirkland & Ellis LLP was the top
counsel to companies, with 230 deals, 160 of which it represented
the buy-side. Latham & Watkins LLP was second with
117 deals. Weil, Gotshal & Manges LLP ranked third with 96
deals.
- Among PR firms involved in private equity
transactions, Sard Verbinnen & Co. LLC was first with
71 transactions, in 49 of which it represented the buy-side.
Abernathy MacGregor Group Inc. came in second, with 66
transactions. Joele Frank, Wilkinson Brimmer
Katcher ranked third with 56 transactions.
The full article is available online. For more
information about The Deal's Private Equity coverage, click
here.
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
View original content with
multimedia:http://www.prnewswire.com/news-releases/private-equity-market-still-booming-morgan-stanley-leads-way-in-deals-advised-300528722.html
SOURCE TheStreet, Inc.