• Worldwide MERGER activity totals $391.1 billion this year, up 55% compared to YTD 2013
• Global DEBT capital markets activity falls 9% compared to YTD 2013 to $734.3 billion
• CROSS-BORDER M&A hits $98.4 billion, up 65% over 2013 and accounting for one-quarter of total activity
• MORGAN STANLEY moves up five spots in global M&A rankings, advising Time Warner Cable in $70.2 billion Comcast bid
• PAUL TAUBMAN breaks into top 15 global M&A rankings for the second consecutive year
• HSBC picks up 3.3 global ECM market share points over 2013 for ninth place, up from 21st
Charter Communications and Comcast Corp have paid a combined $1.6 billion for investment banking services since records began in 2000, with Charter holding a slight historical edge. If Comcast's $70.2 billion bid for Time Warner Cable completes and bests Charter's recent bid for the New York-based cable operator, Comcast will hold the top spot for media fee payers after paying $51-68 million to JP Morgan, Barclays and former Morgan Stanley deal maker, Paul Taubman.
MORGAN STANLEY has collected an industry-leading 23% of investment banking fees paid out by Comcast Corp since fee records began in 2000, followed by Bank of America Merrill Lynch and JP Morgan. The firm, which advised Time Warner Cable on an unsolicited bid from Charter Communications earlier this year and this week's offer from Comcast will split an estimated $51-75 million with Allen & Co, Citi and Centerview Partners.
Mizuho Bank's $1.7 billion acquisition of the real estate beneficiary rights equivalent to a 30% interest in Tokyo's Otemachi Tower pushed JAPAN target M&A to $9.7 billion, up 48% compared to 2013.
Global EQUITY CAPITAL MARKETS activity totals $70.6 billion for year-to-date 2014, a decline of 15% compared to a year ago and the slowest annual start for global ECM issuance in two years. Companies in the United States have accounted for 32% of annual ECM activity so far this year, up from 29% during year-to-date 2012. China and Hong Kong follow with 17% and 7%, respectively. Media & Entertainment, industrials and consumer products ECM offerings have been the strongest gains over year-to-date 2013.