Thomson Reuters investment banking scorecard

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Here's the current Thomson Reuters investment banking scorecard.

DCM activity in the FINANCIAL sector down 17% compared to YTD 2013

Triple-digit percentage gains for Media, Healthcare & Consumer Products M&A

TECH is only sector to see year-over-year gains across every asset class this year

European FOLLOW-ON activity up 16% for strongest start since year-to-date 2012

FRANCE ECMactivity totals $2.3bn for YTD 2014, more than double YTD 2013

Global SECURITIZATIONS fall 42% compared to YTD 2013 to $97.3bn

• A $1.9bn secondary offering from the United Kingdom's Direct Line Insurance Group brings UK ECMvolume to $4.7bn for year-to-date 2014, more than double activity seen last year at this time. Morgan Stanley, which underwrote the offering along with Goldman Sachs and UBS, takes the top spot for UK follow-on offerings with 18.5% market share

• US companies raised $26.5bn in the investment grade corporate debt markets so far this week, marking the strongest year-to-date week for issuance this year. Led by multi-billion offerings from Cisco Systems, Goldman Sachs, Philip Morris and PepsiCo, US companies have raised $135.5bn during year-to-date 2014, a 5% decline compared to a year ago. JP Morgan leads the year-to-date bookrunner rankings for US issuers with 15.9% market share, up 0.9 points from 2013

• This week's $1.7bn bid for TriQuint SemiConductor by RF Micro Devices brings worldwide deal making in the TECHNOLOGY sector to $47.6bn, a 54% increase compared to last year

• Worldwide announced M&A activity totals $511.4bn during year-to-date 2014, a 42% increase compared to a year ago. The figure, which includes Charter Communications pending $62.6bn bid for Time Warner Cable, marks the strongest year for deal making since 2007. Excluding the Charter bid, M&A activity falls to $450.8bn, up 24% compared to a year ago

• FEBRUARY 2014 M&A activity, which currently totals $251bn, is down slightly from the opening month of the year, and dragged down by a pause in new deal announcements during the last week of the month. Just $14bn in deals have been announced this week, marking the lowest weekly period for worldwide M&A since April 2009.

Source - Thomson Reuters 

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