NEW YORK, July 21, 2016 /PRNewswire/ -- The Deal, a
business unit of TheStreet Inc. (NASDAQ: TST), announced the
results of its exclusive rankings of the top investment banks, law
firms, PR advisers, proxy solicitors, Delaware law firms, engaged in mergers. Data
collected captures advisers to target/seller and acquirer/bidder
companies involving transactions announced between Jan. 1 and June 30, 2016.
"While both pre- and post-Brexit fears caused anxiety and
uncertainty during the second quarter, it did not have a huge
impact on M&A activity in the second quarter," said
Elizabeth Harvell from The Deal.
"During the second quarter, several large transactions fell through
however, amid regulatory resistance, and the inability of
dealmakers to reach agreement on terms. Brexit will have more of an
impact as the actual political changes take place and
reorganization plays out in the second half of the year."
League Table highlights:
- Goldman, Sachs & Co. took first place with 48 deals, in 30 of which it
represented sellers. Barclays Capital was second with 41 deals, in
27 of which it represented buyers. JPMorgan Securities LLC came in
third with 40 deals, in 23 of which it was on the side of buyers.
Morgan Stanley, and Bank of America Merrill Lynch took fourth and
fifth honors with 37 and 36 deals, respectively. Morgan Stanley
represented sellers in 30 of its 37 deals.
- Among law firms, Kirkland & Ellis LLP was the top counsel
to companies, with 49 deals. Skadden, Arps, Slate, Meagher &
Flom LLP was second with 46 deals. Latham & Watkins LLP was
third with 44 deals, Weil, Gotshal & Manges LLP ranked fourth
with 33 deals, and Simpson Thacher & Bartlett LLP ranked fifth
with 29 deals.
- Among Delaware firms,
Richards, Layton & Finger PA came in first with 34 deals.
Morris, Nichols, Arsht & Tunnell LLP recorded 18
deals, and Potter Anderson & Corroon LLP consummated 10
deals.
- Among PR firms, Joele Frank,
Wilkinson Brimmer Katcher was first with 47 transactions, in 27 of
which it represented sellers. Sard Verbinnen & Co. recorded 40
transactions , in 22 of which it represented sellers. Abernathy
MacGregor Group Inc., and Kekst and Co., tied for third each with
19 transactions. Rounding up the top four, Brunswick Group LLP was
involved in 17 transactions.
- Among proxy solicitors, Innisfree M&A Inc. was involved in
31 deals. MacKenzie Partners Inc. came in second with 17 deals.
D.F. King & Co. came in third
with 16 deals.
The report 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 comes out each quarter, are cumulative across the year.
About The Deal
The Deal is a media and technology
company providing over 100,000 users with actionable ideas from its
two services - The Deal & BoardEx. Law firms, investment
banks, private equity firms and hedge funds use The Deal service to
find their next deal and BoardEx to connect the dots between their
organizations and clients. The Deal has offices in
New York, London, Washington, Petaluma, Calif., and Chennai, India. For more information, visit
www.thedeal.com.
CONTACT: Ashley Klepach, 212.321.5048, Ashley Klepach at thestreet.com
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SOURCE TheStreet, Inc.