NEW YORK, Nov. 15, 2016 /PRNewswire/ -- Private equity
deal volume continued to show strong growth in the third quarter of
2016, with Rothschild & Co. topping the list of investment
banks that served as deal advisers, according to The Deal, a
business unit of TheStreet Inc. (NASDAQ: TST). Although private
equity transactions in Q3 decreased slightly, by 4%, from Q2, 2016
remains a robust year, reflecting an equity overhang and
constructive debt markets. Moreover, the PE industry expects a
strong fourth quarter and no let-up in 2017.
"PE firms and their advisers have bounced back after a slowdown
in in the first quarter," said Ronald
Fink, assistant managing editor of The Deal. "Advisers say
the deal environment will likely stay competitive in 2017, as PE
firms face strong competition from strategic buyers."
The Deal's exclusive ranking covers the top investment banks,
law firms, and PR advisers engaged in private equity transactions
globally for the first through the third quarters of 2016.
Collected data captures advisers to target/seller and
acquirer/bidder companies involving transactions.
Some highlights from the report:
- Among investment banks, Rothschild & Co topped the list
with 81 PE deals, 59 of which represented the sell-side. Lazard
Ltd. ranked second with 64 deals, 36 of which involved representing
the sell-side. Jefferies LLC finished third with 58 deals.
- Among law firms, Kirkland & Ellis LLP was the top counsel
to companies, with 189 deals, 131 of which it represented the
buy-side. Latham & Watkins LLP was second with 120 deals,
Jones Day ranked third with 79
deals.
- Among PR firms involved in private equity transactions, Sard
Verbinnen & Co, was first with 68 transactions, in 37 of which
it represented the buy-side. Joele
Frank, Wilkinson Brimmer Katcher and Kekst and Co. both
ranked second with 58 transactions each. Owen Blicksilver Public
Relations, Inc., ranked third each with 44 transactions.
The full report is available online. For more information
about The Deal's Private Equity coverage, go
to www.thedeal.com.
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), which is celebrating
its 20th year of producing unbiased business news and market
analysis; BoardEx (www.boardex.com), a relationship mapping service
of corporate directors and officers; and RateWatch
(www.ratewatch.com), which supplies rate and fee data from banks
and credit unions across the U.S.
Contact: Jon Kostakopoulos, TheStreet, Inc.,
212-321-5561, Jon.Kostakopoulos at thestreet.com
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SOURCE TheStreet, Inc.