NEW YORK, Oct. 2, 2017 /PRNewswire/ -- Healthcare and
utilities dominated M&A activity in the third quarter, though
technology struggled, as none of the 20 largest deals of the
quarter was a pure tech transaction, according to The Deal, a
business unit of TheStreet, Inc., (NASDAQ: TST).
The U.S. deal market remained strong despite uncertainty in
Washington, declining global
volume, and worries about Chinese investment in the U.S.
Morgan Stanley took the top spot from Goldman, Sachs for deals
among investment banks and Kirkland & Ellis claimed the top
counsel to companies this quarter.
"The third quarter was another strong one for U.S. M&A and
private equity activity," said David
Marcus, senior writer at The Deal. "PE is on pace for its
best year in a decade, and deal volume seems sustainable given
availability of credit and a steady, disciplined approach to both
acquisition and sale of properties by the PE shops. Despite the dip
in global and cross-border M&A and very little big-ticket
activity in technology, strategic M&A continues to be strong as
well across a range of sectors."
The Deal compiled its exclusive League Table 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 September 15, 2017.
Highlights include:
- Among investment banks, Morgan Stanley came in first with 92
deals. Goldman, Sachs & Co. was second with 70
deals. JPMorgan Securities LLC was third, with 67
deals.
- Among law firms, Kirkland & Ellis LLP was the top
counsel to companies, with 90 deals. Skadden, Arps, Slate,
Meagher & Flom LLP was second with 75 deals. Latham
& Watkins LLP ranked third with 63 deals.
- Among Delaware firms, Richards, Layton & Finger
PA came in first with 42 deals. Morris, Nichols, Arsht
& Tunnell LLP was second with 23 deals. Potter
Anderson & Corroon LLP ranked third with 14.
- Among PR firms, Joele Frank, Wilkinson Brimmer
Katcher was first with 72 transactions. Sard
Verbinnen & Co. was second with 48
transactions. Brunswick Group LLP ranked third with 25
transactions.
- Among proxy solicitors, Innisfree M&A Inc. was
involved in 28 deals. D.F. King & Co. ranked second with
24 deals. MacKenzie Partners Inc. came in third with 19
deals.
The full article is available online. For more
information about The Deal's M&A coverage, click here.
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
View original content with
multimedia:http://www.prnewswire.com/news-releases/us-deal-market-continues-to-thrive-on-healthcare-and-utilities-deals-300528724.html
SOURCE TheStreet, Inc.