Thomson Reuters Investment Banking Scorecard

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Global DCM activity totals $2.5 trillion, down 6% compared to YTD 2013

• WW M&A sees an increase of 92% compared to a year ago, with increases across all sectors

• Global IPOs hits $74.9 billion so far in 2014, an increase of 49% over 2013

• Deutsche Bank and Credit Suisse both fall 3 spots in the YTD Global M&A Ranking

• Morgan Stanley gains 22 market share points in the Global M&A league table from this time last year

• Top five underwriters in Global Debt ranking remain unchanged from this time last year

Worldwide announced M&A totals $1.46 trillion for year-to-date 2014, an increase of 92% compared to a year ago and marking the strongest year-on-year growth since 1998 when M&A more than doubled (+106%), just before the dot-com boom. Deals in the Americas account for 46% of global M&A so far this year, while deals in the Europe and Asia Pacific account for 32% and 19%, respectively.

KKR’s $3.0 billion acquisition of Treasury Wine Estates, which ranks as the third largest Australian deal this year, pushed the level of deal making in Australia to $43.3 billion for year-to-date 2014, an 81% increase compared to a year ago and the strongest year-to-date period for M&A activity in the country since records began in 1980.

The IPO of China’s JD.com marked the eighth Chinese company to list in the United States this year which ranks as the strongest year-to-date period for Chinese listings in the US since 2011 when 12 companies went public at this point of the year. China Renaissance Securities tops the list of underwriters of US-listed China IPOs this year with 13.4% market share, followed by Credit Suisse (13.2%), which has underwrtitten an industry-leading six Chinese offerings in the US this year and UBS and Bank of America Merrill Lynch (tied with 12.7%)

Bolstered by AT&T's US$67 billion offer for DirecTV, the 10th largest TMT deal of all-time, global TMT M&A totals US$352 billion year-to-date 2014. This marks an increase of 145% over this time last year and the strongest annual start for the sector since 2006. Morgan Stanley lead for advisory on global TMT deals so far this year, followed by JP Morgan.

Source - Thomson Reuters

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