NEW YORK, April 28, 2017 /PRNewswire/ -- Morgan
Stanley led the way in mergers and acquisitions during 2017's
first quarter, while total deals announced increased a slight 4.3%
from 2016's fourth quarter, according to The Deal, a business unit
of TheStreet, Inc., (NASDAQ: TST). U.S. transactions also
climbed 11% on a year-over-year basis when compared with
first-quarter 2016, while financial-services companies accounted
for 6% of the transactions.
"The first quarter was a solid one for M&A, reflecting
growing confidence in the strength of the U.S. economy and faith
among corporate dealmakers that a new administration will deliver,
whether sooner or later, on pro-business regulations,"
said James Langford, Wall Street editor of The Deal.
The Deal compiled its exclusive ranking by analyzing material
from 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 capture
advisers to target/seller and acquirer/bidder companies involving
transactions announced between January 1 and March 31,
2017.
Highlights include:
- Top-ranked Morgan Stanley announced 33 deals in the first
quarter compared to 35 during 2016's fourth period. It represented
sellers in 20 of the latest deals.
- Goldman, Sachs & Co. was second with 25 deals, in 10 of
which it represented buyers. Barclays Capital and Citigroup Inc.
tied for third with 21 deals each.
- Among law firms, Kirkland & Ellis LLP was the top
counsel to companies, with 31 deals. Skadden, Arps, Slate,
Meagher & Flom LLP was second with 26 deals. Sullivan
& Cromwell LLP ranked third with 20 deals.
- Among Delaware firms, Richards, Layton & Finger
PA came in first with seven deals. Potter Anderson &
Corroon LLP was second with four deals. Morris, Nichols, Arsht & Tunnell LLP ranked third
with three.
- Among PR firms, Joele Frank, Wilkinson Brimmer
Katcher was first with 22 transactions, in 13 of which it
represented sellers. Sard Verbinnen & Co. recorded 20
transactions, in 10 of which it represented sellers. Brunswick
Group LLP ranked third with nine transactions.
- Among proxy solicitors, Innisfree M&A Inc. was
involved in nine deals. D.F. King & Co. came in second
with eight deals. MacKenzie Partners Inc. came in third with
four deals.
The full article 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 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), which is
celebrating its 20th year of producing unbiased
business news and market analysis; BoardEx (www.boardex.com), the
leading 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.