Thomson Reuters Investment Banking Scorecard

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European M&A activity totals $92.0 billion, up 4% compared to YTD 2015

Consumer Products M&A hits $48.2 billion this year, up 54% compared to a year-ago

US IPO activity totals $253 million, down 94% compared to a year ago

Energy & Power ECM totals $7.8 billion for YTD 2016, down 38% from 2015

Global Investment Grade Debt hits $320.4 billion, down 30% compared to last year

Technology DCM down 31% compared to 2015 with $19.4 billion raised this year 

Cross-Border M&A Targeting the United States Accounts for Record 51% of Total YTD U.S. Deal Making

A record level of cross-border activity targeting companies based in the United States has pushed overall U.S. M&A activity to $160.0 billion so far during 2016, a 4% decline compared to a year ago. A trio of U.S. target deals topped the list of deals announced this week, including China’s Tianjin Tianhai’s $6.3 billion offer for U.S.-based Ingram Micro, bringing year-to-date China outbound M&A targeting the United States to $23.3 billion. Ireland, China and Canada account for 88% of cross-border acquirors in the United States this year. Goldman Sachs holds the top spot for United States target M&A so far this year with $80.3 billion in deals. Barclays and Lazard round out the top three financial advisors.

European Equity Capital Markets Activity down 65% from 2015 Levels, for Slowest YTD Period since 2009

Equity offerings from European companies total $13.2 billion so far during 2016, a 65% decline from a year ago and the slowest year-to-date period for ECM activity in Europe since 2009. Capital raising in the energy & power, financials and industrials sectors accounts for 55% of total activity this year, on par with a year ago, while the United Kingdom, France and Italy account for nearly 70% of issuance in the region this year, compared to 22% during year-to-date 2015. UBS is the top European ECM bookrunner so far this year with 16.9% market share, followed by Deutsche Bank and JP Morgan, each with 9% share.

Source - Thomson Reuters

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