Investment Banking Scorecard by Thomson Reuters

thompson reutersFAST FACTS-

  • $4.1 billion bid for Bourbon SA of France pushes ENERGY & POWER M&A up 1%
  • GOLDMAN SACHS is top ECM bookrunner with 11.3% share, down 1.0 market share point
  • Global ECM activity totals $154.9 billion, down 9% compared to YTD 2013
  • With a decline of 3.5 market share points, UBS falls to eighth in global ECM underwriting
  • Sixty-three CHINA IPOs have gone public this year, up from seven during YTD 2013
  • DEUTSCHE BANK moves up five spots in worldwide M&A rankings


  • This week’s $5.5 billion offering from Exxon Mobil brings debt capital markets activity in the energy & power sector to $107.7 billion this year, a 2% increase compared to last year at this time.  The United States, Brazil and France account for 55% of year-to-date activity, up from 44% a year ago.   HSBC and JP Morgan lead the DCM bookrunner rankings in the sector with 6.9% and 6.8% market share, respectively.  Citi rounds out the top three, down from first place a year ago
  • Greenland Holding’s $10.1 billion reverse merger with Shanghai Jinfeng Investment Co pushes China target M&A activity to $43.5 billion, up 39% compared to year-to-date 2013
  • Worldwide M&A in the telecommunications sector hits $57.3 billion with Vodafone’s $10.0 billion bid for Spain’s ONO, up 98% compared to last year.  Deutsche Bank, which has advised on Vodafone/ONO, Deutsche Telekom’s acquisition of a remaining stake in T-Mobile’s Czech Republic unit and the competing bids for France’s SFR, holds the top spot for worldwide financial advisory in the telecom sector this year
  • Mercuria Energy Group’s offer for JP Morgan’s physical commodities business adds $3.5 billion to the volume of worldwide financial sector M&A for year-to-date 2014, a 14% decline compared to a year ago and the slowest period for deal making in the sector in two years
  • This week’s $933.6 million follow-on offering from ING US Inc brings year-to-date follow-on activity from companies in the United States to $30.9 billion, down 28% compared to a year ago and the slowest year-to-date since 2010.  Bank of America Merrill Lynch, which led the ING offering along with Morgan Stanley, Goldman Sachs and Citi, leads US follow-on underwriting with 12.1% market share, an increase of 2.0 points compared to last year at this time