NEW YORK, May 15, 2017 /PRNewswire/ -- Morgan
Stanley, Kirkland & Ellis LLP, and Kekst and Co. were
the top advisers to the private equity industry in the first
quarter of 2017, according to The Deal, a business unit
of TheStreet, Inc. (NASDAQ: TST).
The report also found robust PE activity should continue for the
next 18 months in this seller's market.
"Private equity firms, armed with a huge amount of dry powder,
are finding attractive opportunities in which to invest despite the
continued high valuation environment," said Armie Lee, reporter at The Deal. "Deal advisers
say they expect the transaction landscape to remain robust in the
months ahead."
The Deal's exclusive ranking covers the top investment banks,
law firms, and PR advisers engaged in private equity transactions
globally from January 1 to March 31,
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 25
PE deals, 11 of which represented the sell-side. Rothschild &
Co ranked second with 23 deals, 17 of which involved representing
the sell-side. Houlihan Lokey Inc. finished third with 21 deals, 19
of which it represented the sell-side.
- Among law firms, Kirkland & Ellis LLP was the top
counsel to companies, with 61 deals, 44 of which it represented the
buy-side. Paul, Weiss, Rifkind, Wharton & Garrison LLP was
second with 27 deals. Jones Day and Latham & Watkins
LLP tied for third with 22 deals each.
- Among PR firms involved in private equity
transactions, Kekst and Co. was first with 19 transactions, in
14 of which it represented the buy-side. Joele Frank, Wilkinson Brimmer Katcher and Sard
Verbinnen & Co. LLC tied for second, with 18 transactions
each. Chris Tofalli Public Relations LLC ranked third with 11
transactions.
The full article is available online. For more
information about The Deal's Private Equity coverage, go
to www.thedeal.com.
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), 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
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/private-equity-transactions-to-remain-robust-in-sellers-market-300456992.html
SOURCE TheStreet, Inc.