Bloomberg reports that Morgan Stanley has risen to the top of the European advisory takeover league for the year to date. Goldman Sachs, the firm that has been top of the heap of European takeover advisors for the last three years, came from nowhere into third place as it has advised on transactions worth around $30bn just in the last few days.
Although the value of transactions has fallen by around a third in 2002 so far, Goldman has been busy of late with major roles in the HSBC purchase of Household International and mandates from Benetton and Vivendi.
The top five advisers, according to Bloomberg data, for the year to date in Europe are:
Morgan Stanley - $96.9bn
Merrill Lynch - $90.3bn
Goldman Sachs - $89.8bn
UBS Warburg - $86.3bn
Deutsche Bank - $83.1bn