The first Investment Banking scorecard of the year by Thomson Reuters.
FAST FACTS
- Worldwide MERGER activity totals $228.2 billion for YTD 2013, up 85% compared to January 2013
- Global Investment Grade CORPORATE DEBT falls 17% compared to YTD 2012 to $258.8 billion
- EQUITY CAPITAL MARKETS hits $52.0 billion so far this year, up 6% compared to a year ago
- MORGAN STANLEY holds the top spot for worldwide merger advisory with $100.9 billion from 15 deals
- JP MORGAN accounts for 7.3% of global debt underwriting so far this year, down 1.6 market share points from 2012
- With 9.8% share, GOLDMAN SACHS tops the ranking of ECM underwriters, an increase of 2.6 points from last year
- Lenovo Group’s $2.9 billion purchase of Google’s Motorola Mobility unit marks the second acquisition by the Hong Kong-based computer manufacturer this year and pushes the level of US acquisitions by companies based in China or Hong Kong to $5.2 billion for year-to-date 2014, up from $1.7 billion a year ago. Credit Suisse advised Lenovo on both purchases this year, while Lazard advised Motorola Mobility
- Liberty Global’s $10.9 billion bid for Dutch cable provider Ziggo NV pushes European M&A volume to $35.4 billion, up 21% compared to a year ago and the strongest year for European M&A since 2011. The deal ranks as the largest merger in the Netherlands since RWE AG’s $11.5 purchase of Essent NV in 2009
- This week’s multi-billion dollar sovereign debt offerings from the United Kingdom and Finland bring global agency, sovereign and supranational volume to $177.0 billion this year, up 1% compared to a year ago
- Cross-border M&A, which totals $70.5 billion for year-to-date 2013, and is up 65% compared to a year ago, accounts for 31% of overall announced M&A, down from 34% last year at this time
- Deal making activity in January 2014 totals $229.2 billion, which ranks as the strongest opening month for worldwide M&A since 2011. Charter Communications $62.0 billion bid for Time Warner Cable, Suntory’s $16.0 bid for Beam Inc and Liberty Media Group’s $11.0 billion offer to purchase Sirius XM Radio bolstered this month’s volume
- Media & entertainment, consumer staples and industrials account for 56% of announced merger activity during the month of January