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GLOBALM&A MID-MARKET REVIEWFINANCIAL RANKINGS1st 3Q2019
CONTENTS
1. Introduction2. Global Mid-Market Deals3. Global Private Equity Mid-Market Deals4. North America Mid-Market Deals5. Europe Mid-Market Deals6. APAC Mid-Market Deals7. Disclaimer
DATA SUBMISSIONS AND QUERIES
North America
EMEA
Asia Pacific
Contact Nageen Qasim
Madeeha Ahmad
Ee Wen Tay
Phone +1-646-824-2878
+44-20-3525-3754
+65-62-313404
Email [email protected]
General M&A queries may be submitted to: [email protected], [email protected], [email protected]
The Bloomberg M&A Advisory League Tables are the definitive publication of M&A advisory rankings. The tables represent the top financial and legal advisors across a broad array of deal types, regions, and industry sectors. The rankings data is comprised of mergers, acquisitions, divestitures, spin-offs, debt-for-equity-swaps, joint ventures, private placements of common equity and convertible securities, and the cash injection component of recapitalization according to Bloomberg standards.
Bloomberg M&A delivers real-time coverage of the M&A market from nine countries around the world. We provide a global perspective and local insight into unique deal structures in various markets through a network of over 800 financial and legal advisory firms, ensuring an accurate reflection of key market trends. Our quarterly league table rankings are a leading benchmark for legal and financial advisory performance.
Visit {NI LEAG CRL <GO>} to download copies of the final release and a full range of market specific league table results. On the web, visit: http://www.bloomberg.com/professional/solutions/investment-banking/.
Due to the dynamic nature of the Professional Service product, league table rankings may vary between this release and data found on the Bloomberg Professional Service.
1st 3Q2019
GLOBAL M&A MID-MARKET FINANCIAL ADVISORY RANKINGS
©2019 Bloomberg Finance L.P. All rights reserved.1
Global Mid-Market (Up to $500 mln) 01/01/2019 - 09/30/2019 Global Mid-Market (Up to $250 mln) 01/01/2019 - 09/30/2019
Rothschild & Co 1 1.97 14,402 186 6 1.37 0.60 PricewaterhouseCoopers LLP 1 1.37 6,609 305 2 1.35 0.02
Goldman Sachs & Co LLC 2 1.85 13,532 138 1 2.07 -0.22 Rothschild & Co 2 1.12 5,402 160 3 1.09 0.03
JPMorgan Chase & Co 3 1.71 12,516 116 2 1.80 -0.09 JPMorgan Chase & Co 3 1.09 5,285 98 5 0.78 0.31
Morgan Stanley 4 1.55 11,328 106 9 1.25 0.30 Ernst & Young 4 0.98 4,759 178 1 1.51 -0.53
PricewaterhouseCoopers LLP 5 1.52 11,157 317 8 1.27 0.25 Lazard Ltd 5 0.89 4,288 113 10 0.65 0.23
Lazard Ltd 6 1.50 10,961 131 11 1.11 0.38 Goldman Sachs & Co LLC 6 0.79 3,827 113 6 0.72 0.07
Ernst & Young 7 1.34 9,824 192 4 1.42 -0.08 Bank of America Corp 7 0.66 3,194 54 17 0.51 0.15
Citigroup Inc 8 1.10 8,088 80 5 1.39 -0.29 Morgan Stanley 8 0.62 3,024 85 13 0.62 -
Bank of America Corp 9 1.09 8,016 66 13 1.04 0.05 Houlihan Lokey Inc 9 0.62 3,009 127 12 0.63 -
Houlihan Lokey Inc 10 1.07 7,804 140 10 1.16 -0.09 Raymond James & Associates Inc 10 0.56 2,724 103 15 0.55 0.01
Nomura Holdings Inc 11 1.06 7,725 76 18 0.83 0.22 Daiwa Securities Group Inc 11 0.56 2,700 95 39 0.21 0.34
Barclays PLC 12 1.00 7,333 88 14 0.94 0.06 Evercore Inc 12 0.54 2,615 67 25 0.42 0.12
Evercore Inc 13 0.97 7,128 80 12 1.10 -0.12 Barclays PLC 13 0.52 2,499 75 21 0.47 0.05
UBS AG 14 0.87 6,384 58 15 0.90 -0.03 Stifel Financial Corp 14 0.48 2,333 62 34 0.29 0.19
Credit Suisse Group AG 15 0.85 6,224 52 3 1.49 -0.64 Deloitte Touche Tohmatsu ILA Group Ltd 15 0.48 2,313 111 7 0.70 -0.22
BNP Paribas SA 16 0.64 4,669 48 23 0.57 0.06 Jefferies LLC 16 0.48 2,305 83 9 0.66 -0.19
Deutsche Bank AG 17 0.63 4,642 41 17 0.86 -0.23 Canaccord Genuity Corp 17 0.43 2,073 48 43 0.21 0.22
Raymond James & Associates Inc 18 0.62 4,561 108 21 0.76 -0.14 Citigroup Inc 18 0.43 2,067 64 4 0.79 -0.36
RBC Capital Markets 19 0.58 4,230 51 16 0.87 -0.29 Sandler O'Neill & Partners LP 19 0.43 2,059 30 33 0.30 0.13
Moelis & Co 20 0.57 4,184 58 20 0.77 -0.20 Sumitomo Mitsui Financial Group Inc 20 0.42 2,047 40 20 0.49 -0.07
TOTAL 732,250 32,677 TOTAL 483,871 31,983
Global Mid-Market (Up to $50 mln) 01/01/2019 - 09/30/2019
PricewaterhouseCoopers LLP 1 0.82 1,221 260 2 0.63 0.19
Ernst & Young 2 0.50 741 147 1 0.70 -0.20
Raymond James & Associates Inc 3 0.40 595 86 7 0.26 0.14
Deloitte Touche Tohmatsu ILA Group Ltd 4 0.38 565 97 4 0.33 0.05
Rothschild & Co 5 0.33 495 127 6 0.26 0.07
Daiwa Securities Group Inc 6 0.27 399 76 17 0.14 0.12
Lazard Ltd 7 0.23 349 85 16 0.14 0.09
KPMG Corporate Finance LLC 8 0.23 349 167 3 0.43 -0.20
Mizuho Financial Group Inc 9 0.21 316 39 9 0.23 -0.01
Moelis & Co 10 0.20 304 41 78 0.04 0.17
Mercury Securities Sdn Bhd 11 0.16 246 14 158 0.02 0.14
Houlihan Lokey Inc 12 0.15 221 108 8 0.24 -0.09
Nomura Holdings Inc 13 0.15 220 43 10 0.21 -0.07
Alantra Srl 14 0.14 211 40 60 0.05 0.10
GCA Corp 15 0.14 207 48 20 0.13 -
Arma Partners LLP 16 0.13 196 9 144 0.03 0.11
Canaccord Genuity Corp 17 0.13 188 31 18 0.14 -0.01
Lincoln International LLC 18 0.12 176 76 75 0.04 0.08
JPMorgan Chase & Co 19 0.11 171 64 68 0.04 0.07DA Davidson & Co 20 0.11 166 6 65 0.04 0.07TOTAL 149,098 29,023
RANKMKT SHR
(%)
RANKMKT SHR
(%)
FIRM
2019 2018MKT SHR CHANGERANK
MKT SHR (%)
FIRM
VOLUME USD (Mln)
DEAL COUNT
2018MKT SHR CHANGERANK
MKT SHR (%)
VOLUME USD (Mln)
DEAL COUNT RANK
MKT SHR (%) RANK
MKT SHR (%)
2019 2018MKT SHR CHANGE FIRM
2019VOLUME USD
(Mln)DEAL
COUNT
2
Global Private Equity Mid-Market (Up to $500 mln) 01/01/2019 - 09/30/2019 Global Private Equity Mid-Market (Up to $250 mln) 01/01/2019 - 09/30/2019
Morgan Stanley 1 1.88 5,206 54 14 1.05 0.82 Ernst & Young 1 1.24 2,341 82 2 1.52 -0.28
Goldman Sachs & Co LLC 2 1.74 4,825 65 1 2.65 -0.91 JPMorgan Chase & Co 2 1.08 2,030 44 19 0.34 0.74
Ernst & Young 3 1.65 4,574 89 9 1.24 0.41 PricewaterhouseCoopers LLP 3 1.06 2,001 105 1 1.90 -0.84
JPMorgan Chase & Co 4 1.56 4,335 50 11 1.16 0.41 Goldman Sachs & Co LLC 4 0.76 1,426 56 5 0.72 0.03
Rothschild & Co 5 1.52 4,219 85 5 1.69 -0.17 Bank of America Corp 5 0.65 1,219 30 13 0.53 0.12
Lazard Ltd 6 1.27 3,519 59 10 1.20 0.07 Morgan Stanley 6 0.65 1,216 44 25 0.29 0.36
Citigroup Inc 7 1.20 3,319 36 13 1.08 0.11 Lazard Ltd 7 0.64 1,208 53 8 0.61 0.04
PricewaterhouseCoopers LLP 8 1.17 3,235 108 2 1.96 -0.79 Daiwa Securities Group Inc 8 0.63 1,185 44 55 0.14 0.49
Evercore Inc 9 1.10 3,064 42 4 1.75 -0.65 Evercore Inc 9 0.61 1,147 36 11 0.55 0.06
Houlihan Lokey Inc 10 0.99 2,753 66 7 1.39 -0.39 Rothschild & Co 10 0.58 1,085 76 3 1.16 -0.59
Credit Suisse Group AG 11 0.87 2,401 24 6 1.41 -0.54 Citigroup Inc 11 0.45 847 30 24 0.29 0.16
UBS AG 12 0.79 2,198 27 16 0.89 -0.10 BNP Paribas SA 12 0.44 823 16 133 0.04 0.40
Deutsche Bank AG 13 0.78 2,162 16 19 0.75 0.03 RBC Capital Markets 13 0.41 767 29 9 0.60 -0.20
Nomura Holdings Inc 14 0.77 2,125 18 52 0.15 0.61 Avendus Capital Pvt Ltd 14 0.38 707 8 18 0.41 -0.03
KPMG Corporate Finance LLC 15 0.77 2,124 75 8 1.36 -0.60 KPMG Corporate Finance LLC 15 0.36 687 71 4 1.01 -0.65
Barclays PLC 16 0.74 2,062 50 20 0.72 0.02 Raymond James & Associates Inc 16 0.36 686 46 6 0.72 -0.36
Bank of America Corp 17 0.73 2,029 32 15 0.93 -0.20 Deloitte Touche Tohmatsu ILA Group Ltd 17 0.34 649 37 12 0.55 -0.20
Daiwa Securities Group Inc 18 0.70 1,933 46 85 0.09 0.61 Moelis & Co 18 0.34 645 26 20 0.34 -
RBC Capital Markets 19 0.68 1,894 32 12 1.13 -0.45 Robert W Baird & Co Inc 19 0.33 619 46 16 0.46 -0.13
Macquarie Group Ltd 20 0.64 1,779 30 24 0.52 0.12 GCA Corp 20 0.32 607 34 22 0.32 -
TOTAL 277,455 10,982 TOTAL 188,384 10,733
Global Private Equity Mid-Market (Up to $50 mln) 01/01/2019 - 09/30/2019
Deloitte Touche Tohmatsu ILA Group Ltd 1 0.46 296 33 6 0.21 0.25
Ernst & Young 2 0.42 270 68 3 0.43 -
PricewaterhouseCoopers LLP 3 0.30 194 90 1 0.57 -0.27
KPMG Corporate Finance LLC 4 0.30 190 67 2 0.44 -0.15
Arma Partners LLP 5 0.27 171 5 44 0.06 0.20
Rothschild & Co 6 0.24 151 70 8 0.20 0.04
Raymond James & Associates Inc 7 0.23 146 43 103 0.02 0.21
Alantra Srl 8 0.21 133 21 29 0.08 0.13
GCA Corp 9 0.19 121 29 5 0.23 -0.04
Mizuho Financial Group Inc 10 0.14 86 7 80 0.04 0.10
Lazard Ltd 11 0.13 84 46 15 0.13 -
Daiwa Securities Group Inc 12 0.11 73 34 21 0.11 -
Avendus Capital Pvt Ltd 13 0.11 69 3 4 0.28 -0.17
ICICI Bank Ltd 14 0.11 69 3 152 - 0.11
Canaccord Genuity Corp 15 0.10 65 14 17 0.12 -0.02
Nomura Holdings Inc 16 0.10 61 12 55 0.06 0.04
Robert W Baird & Co Inc 17 0.09 60 42 152 - 0.09
Lincoln International LLC 18 0.09 59 55 98 0.02 0.07
JPMorgan Chase & Co 19 0.08 51 29 152 - 0.08
Goldman Sachs & Co LLC 20 0.08 50 48 23 0.09 -0.01
TOTAL 63,858 9,637
FIRM
2019 2018MKT SHR CHANGERANK
MKT SHR (%)
VOLUME USD (Mln)
DEAL COUNT RANK
MKT SHR (%)
RANKMKT SHR
(%)VOLUME USD
(Mln)DEAL
COUNT RANKMKT SHR
(%)FIRM
2019 2018
FIRM
2019 2018MKT SHR CHANGE
MKT SHR CHANGERANK
MKT SHR (%)
VOLUME USD (Mln)
DEAL COUNT RANK
MKT SHR (%)
3
US Mid-Market (Up to $500 mln) 01/01/2019 - 09/30/2019 US Mid-Market (Up to $250 mln) 01/01/2019 - 09/30/2019
Rothschild & Co 1 1.88 6,270 64 24 0.69 1.19 JPMorgan Chase & Co 1 1.26 2,740 59 5 1.04 0.22
Goldman Sachs & Co LLC 2 1.87 6,240 91 1 2.90 -1.03 Houlihan Lokey Inc 2 1.22 2,663 109 2 1.16 0.07
JPMorgan Chase & Co 3 1.83 6,096 67 3 2.46 -0.63 Bank of America Corp 3 1.12 2,440 38 18 0.67 0.45
Houlihan Lokey Inc 4 1.78 5,920 118 4 2.26 -0.48 Stifel Financial Corp 4 1.05 2,287 56 17 0.67 0.38
Morgan Stanley 5 1.73 5,749 65 7 1.70 0.02 Raymond James & Associates Inc 5 0.98 2,128 85 4 1.11 -0.14
Evercore Inc 6 1.56 5,187 66 5 1.84 -0.29 Barclays PLC 6 0.95 2,061 64 28 0.39 0.55
Bank of America Corp 7 1.44 4,806 44 13 1.35 0.09 Sandler O'Neill & Partners LP 7 0.94 2,059 30 16 0.69 0.26
Barclays PLC 8 1.44 4,800 71 12 1.39 0.05 Evercore Inc 8 0.88 1,918 56 11 0.80 0.08
Lazard Ltd 9 1.29 4,287 67 11 1.45 -0.16 Lazard Ltd 9 0.87 1,896 60 12 0.79 0.08
Citigroup Inc 10 1.20 4,011 42 6 1.76 -0.56 Jefferies LLC 10 0.81 1,760 66 1 1.44 -0.63
Ernst & Young 11 1.05 3,491 55 18 0.89 0.15 Ernst & Young 11 0.75 1,640 49 9 0.87 -0.12
Stifel Financial Corp 12 1.05 3,488 59 26 0.67 0.38 Rothschild & Co 12 0.73 1,595 50 26 0.43 0.30
Moelis & Co 13 1.02 3,386 47 14 1.31 -0.29 Morgan Stanley 13 0.70 1,534 54 13 0.74 -0.04
Sandler O'Neill & Partners LP 14 1.00 3,347 33 21 0.83 0.18 Robert W Baird & Co Inc 14 0.70 1,527 58 8 0.88 -0.18
Raymond James & Associates Inc 15 0.99 3,292 88 10 1.48 -0.49 Goldman Sachs & Co LLC 15 0.63 1,380 78 3 1.15 -0.52
Jefferies LLC 16 0.97 3,221 70 2 2.52 -1.55 Canaccord Genuity Corp 16 0.57 1,248 32 36 0.24 0.33
RBC Capital Markets 17 0.93 3,092 40 9 1.68 -0.75 Moelis & Co 17 0.55 1,207 41 14 0.73 -0.18
Credit Suisse Group AG 18 0.90 3,004 29 8 1.69 -0.78 PricewaterhouseCoopers LLP 18 0.50 1,097 53 10 0.85 -0.35
PricewaterhouseCoopers LLP 19 0.89 2,969 58 19 0.86 0.04 PJT Partners Inc 19 0.46 1,002 11 57 0.12 0.34
PJT Partners Inc 20 0.89 2,957 16 99 0.08 0.81 Macquarie Group Ltd 20 0.44 969 32 24 0.46 -0.02
TOTAL 333,115 15,140 TOTAL 217,903 14,822
Canada Mid-Market (Up to $500 mln) 01/01/2019 - 09/30/2019 Canada Mid-Market (Up to $250 mln) 01/01/2019 - 09/30/2019
RBC Capital Markets 1 4.71 2,491 18 6 3.02 1.69 CIBC 1 4.15 1,404 24 4 3.39 0.76CIBC 2 4.25 2,247 26 1 7.47 -3.22 Raymond James & Associates Inc 2 3.24 1,095 15 6 2.38 0.86BMO Capital Markets Corp/Toronto 3 4.08 2,156 17 2 5.98 -1.90 National Bank Financial Inc 3 3.00 1,013 12 7 2.31 0.69Canaccord Genuity Corp 4 3.76 1,989 19 8 2.37 1.39 Bank of Nova Scotia/The 4 2.32 783 14 2 5.68 -3.37Lazard Ltd 5 3.44 1,816 8 22 1.26 2.17 BMO Capital Markets Corp/Toronto 5 2.02 684 13 1 6.14 -4.11Bank of Nova Scotia/The 6 3.42 1,810 17 3 5.53 -2.10 Canaccord Genuity Corp 6 1.99 671 15 5 2.56 -0.57Raymond James & Associates Inc 7 2.77 1,462 16 5 3.15 -0.38 Robert W Baird & Co Inc 7 1.45 490 3 14 1.36 0.10Morgan Stanley 8 2.50 1,321 10 14 1.62 0.87 Moelis & Co 8 1.37 463 4 13 1.42 -0.05Citigroup Inc 9 2.33 1,234 10 17 1.33 1.00 Greenhill & Co Inc 9 0.98 333 4 30 0.57 0.41TD Securities Inc 10 2.02 1,067 9 4 5.00 -2.98 Bank of America Corp 10 0.85 287 4 98 - 0.85Houlihan Lokey Inc 11 1.98 1,049 8 67 0.25 1.73 TD Securities Inc 11 0.83 282 6 10 1.72 -0.89National Bank Financial Inc 12 1.92 1,013 12 7 2.80 -0.89 Jefferies LLC 12 0.83 282 6 59 0.25 0.58Cormark Securities Inc 13 1.64 868 6 15 1.41 0.23 Maxit Capital LP 13 0.77 261 4 27 0.66 0.11Guggenheim Capital LLC 14 1.63 862 2 112 - 1.63 RBC Capital Markets 14 0.74 251 12 3 4.61 -3.86Credit Suisse Group AG 15 1.46 769 6 33 0.81 0.64 Morgan Stanley 15 0.72 242 7 12 1.46 -0.75Evercore Inc 16 1.19 628 6 21 1.28 -0.09 Deloitte Touche Tohmatsu ILA Group Ltd 16 0.71 240 5 98 - 0.71JPMorgan Chase & Co 17 1.08 572 5 16 1.35 -0.27 Qatalyst Partners LLC 17 0.67 225 1 - - 0.67Jefferies LLC 18 1.06 563 7 77 0.17 0.90 BFIN Securities LP 18 0.61 206 2 - - 0.61Bank of America Corp 19 1.05 553 5 23 1.23 -0.18 Riza Capital Consultoria de Investimentos S 19 0.60 202 1 - - 0.60PricewaterhouseCoopers LLP 20 0.97 515 13 112 - 0.97 FMI Corp 20 0.59 200 1 88 0.02 0.57TOTAL 52,871 2,651 TOTAL 33,791 2,598
FIRM
2019 2018
MKT SHR CHANGE FIRM
2019 2018
MKT SHR CHANGERANK
MKT SHR (%)
VOLUME USD (Mln)
DEAL COUNT RANK
MKT SHR (%)RANK
MKT SHR (%)
VOLUME USD (Mln)
DEAL COUNT RANK
MKT SHR (%)
RANKMKT SHR
(%)VOLUME USD
(Mln)DEAL
COUNT RANKMKT SHR
(%)FIRM
2019 2018
FIRM
2019 2018MKT SHR CHANGE
MKT SHR CHANGERANK
MKT SHR (%)
VOLUME USD (Mln)
DEAL COUNT RANK
MKT SHR (%)
4
Western & Eastern Europe Mid-Market (Up to $500 mln) 01/01/2019 - 09/30/2019 Western & Eastern Europe Mid-Market (Up to $250 mln) 01/01/2019 - 09/30/2019
Rothschild & Co 1 5.40 12,730 157 1 3.40 2.00 Rothschild & Co 1 3.01 4,544 133 2 2.90 0.10
Lazard Ltd 2 3.04 7,169 80 5 1.98 1.06 PricewaterhouseCoopers LLP 2 2.46 3,708 203 1 3.38 -0.92
Goldman Sachs & Co LLC 3 2.83 6,667 56 4 2.83 - Ernst & Young 3 1.95 2,948 134 3 2.59 -0.63
PricewaterhouseCoopers LLP 4 2.73 6,429 210 2 2.98 -0.25 Lazard Ltd 4 1.61 2,433 68 6 1.18 0.43
Ernst & Young 5 2.44 5,755 142 7 1.91 0.53 JPMorgan Chase & Co 5 1.31 1,986 45 7 1.17 0.14
JPMorgan Chase & Co 6 2.23 5,253 53 3 2.88 -0.65 Bank of America Corp 6 1.07 1,618 24 10 0.99 0.08
Barclays PLC 7 1.80 4,240 40 9 1.57 0.23 Goldman Sachs & Co LLC 7 1.02 1,546 43 9 1.09 -0.07
Morgan Stanley 8 1.68 3,953 39 11 1.51 0.16 Evercore Inc 8 0.97 1,470 30 18 0.52 0.45
BNP Paribas SA 9 1.62 3,819 42 13 1.46 0.16 BNP Paribas SA 9 0.96 1,455 36 12 0.86 0.10
Evercore Inc 10 1.62 3,810 36 16 1.25 0.36 Barclays PLC 10 0.94 1,414 32 8 1.15 -0.21
Bank of America Corp 11 1.54 3,622 29 10 1.54 - Citigroup Inc 11 0.81 1,217 33 14 0.82 -
Citigroup Inc 12 1.48 3,489 39 12 1.50 -0.02 Morgan Stanley 12 0.77 1,157 32 13 0.82 -0.05
Macquarie Group Ltd 13 1.13 2,669 30 21 0.70 0.43 Credit Agricole Corporate & Investment 13 0.68 1,031 15 105 0.07 0.61
Nomura Holdings Inc 14 0.97 2,291 17 24 0.61 0.36 Houlihan Lokey Inc 14 0.68 1,028 42 21 0.46 0.22
Houlihan Lokey Inc 15 0.87 2,045 45 17 1.23 -0.36 Macquarie Group Ltd 15 0.63 949 25 19 0.50 0.13
Credit Suisse Group AG 16 0.84 1,972 20 6 1.92 -1.08 KPMG Corporate Finance LLC 16 0.56 851 122 4 1.26 -0.69
UBS AG 17 0.82 1,932 23 15 1.26 -0.44 Societe Generale SA 17 0.56 850 23 42 0.22 0.34
Deutsche Bank AG 18 0.81 1,911 17 18 0.95 -0.14 Deloitte Touche Tohmatsu ILA Group Ltd 18 0.55 831 39 5 1.25 -0.70
Credit Agricole Corporate & Investment 19 0.77 1,805 17 61 0.15 0.62 Credit Suisse Group AG 19 0.52 791 17 11 0.90 -0.38
Skandinaviska Enskilda Banken AB 20 0.69 1,638 16 20 0.81 -0.12 Daiwa Securities Group Inc 20 0.50 762 35 58 0.17 0.34
TOTAL 235,767 10,386 TOTAL 151,016 10,151
UK Mid-Market (Up to $500 mln) 01/01/2019 - 09/30/2019 UK Mid-Market (Up to $250 mln) 01/01/2019 - 09/30/2019
Rothschild & Co 1 6.59 5,631 54 1 5.05 1.54 PricewaterhouseCoopers LLP 1 2.49 1,410 61 2 4.09 -1.60
Lazard Ltd 2 4.00 3,422 28 21 0.66 3.34 Rothschild & Co 2 2.13 1,211 42 1 4.89 -2.75
JPMorgan Chase & Co 3 3.42 2,925 20 6 2.38 1.04 Lazard Ltd 3 1.88 1,064 22 46 0.24 1.64
Evercore Inc 4 2.70 2,307 24 7 1.89 0.81 Ernst & Young 4 1.77 1,002 31 5 1.56 0.21
PricewaterhouseCoopers LLP 5 2.38 2,037 63 2 4.10 -1.71 Evercore Inc 5 1.34 763 20 13 0.72 0.62
Macquarie Group Ltd 6 2.29 1,959 21 17 0.98 1.31 Citigroup Inc 6 1.33 753 10 15 0.67 0.66
Ernst & Young 7 2.09 1,789 33 14 1.34 0.76 Jefferies LLC 7 1.11 630 14 69 0.13 0.98
Goldman Sachs & Co LLC 8 1.98 1,695 17 3 4.03 -2.04 Macquarie Group Ltd 8 1.00 569 17 19 0.54 0.46
Nomura Holdings Inc 9 1.93 1,651 6 80 0.10 1.83 JPMorgan Chase & Co 9 1.00 569 14 9 1.11 -0.11
Barclays PLC 10 1.86 1,594 20 4 2.49 -0.62 GCA Corp 10 0.93 529 14 85 0.08 0.85
Numis Corp PLC 11 1.77 1,511 7 54 0.24 1.53 Sumitomo Mitsui Financial Group Inc 11 0.89 505 3 - - 0.89
Morgan Stanley 12 1.58 1,353 11 15 1.25 0.34 Houlihan Lokey Inc 12 0.79 450 24 30 0.36 0.44
HSBC Bank PLC 13 1.31 1,121 8 24 0.52 0.79 Morgan Stanley 13 0.79 447 9 35 0.35 0.44
UBS AG 14 1.24 1,062 9 19 0.83 0.41 KPMG Corporate Finance LLC 14 0.76 429 47 3 1.92 -1.17
Bank of America Corp 15 1.17 1,000 10 11 1.61 -0.44 BNP Paribas SA 15 0.70 396 7 158 - 0.70
Liberum Capital Ltd 16 1.16 996 5 45 0.27 0.89 Oakley Advisory Ltd 16 0.65 366 2 158 - 0.65
William Blair & Co LLC 17 0.97 828 13 25 0.49 0.48 Moelis & Co 17 0.62 353 7 64 0.15 0.47
KPMG Corporate Finance LLC 18 0.92 787 48 8 1.86 -0.94 Robert W Baird & Co Inc 18 0.61 348 10 23 0.47 0.14
ING Groep NV 19 0.91 782 5 22 0.65 0.26 UBS AG 19 0.61 347 7 11 0.86 -0.25
Oakley Advisory Ltd 20 0.90 765 3 169 - 0.90 Barclays PLC 20 0.59 332 16 4 1.68 -1.10
TOTAL 85,491 3,821 TOTAL 56,742 3,742
FIRM
2019 2018MKT SHR CHANGE FIRM
2019 2018MKT SHR CHANGERANK
MKT SHR (%)
VOLUME USD (Mln)
DEAL COUNT RANK
MKT SHR (%)RANK
MKT SHR (%)
VOLUME USD (Mln)
DEAL COUNT RANK
MKT SHR (%)
FIRM
2019 2018MKT SHR CHANGE FIRM
2019 2018MKT SHR CHANGERANK
MKT SHR (%)
VOLUME USD (Mln)
DEAL COUNT RANK
MKT SHR (%)RANK
MKT SHR (%)
VOLUME USD (Mln)
DEAL COUNT RANK
MKT SHR (%)
5
APAC ex Japan Mid-Market (Up to $500 mln) 01/01/2019 - 09/30/2019 APAC ex Japan Mid-Market (Up to $250 mln) 01/01/2019 - 09/30/2019
PricewaterhouseCoopers LLP 1 2.04 5,878 95 10 0.85 1.20 PricewaterhouseCoopers LLP 1 1.84 3,597 89 4 0.83 1.01
Ernst & Young 2 1.48 4,256 49 1 2.00 -0.53 Ernst & Young 2 1.02 1,984 43 1 1.90 -0.89
Goldman Sachs & Co LLC 3 1.47 4,228 26 2 1.65 -0.18 Huatai Securities Co Ltd 3 0.62 1,214 15 10 0.57 0.06
UBS AG 4 1.34 3,863 20 4 1.20 0.14 Rothschild & Co 4 0.62 1,207 19 11 0.55 0.07
Morgan Stanley 5 1.16 3,329 21 21 0.55 0.60 China International Capital Corp Ltd 5 0.61 1,196 8 25 0.36 0.25
KPMG Corporate Finance LLC 6 1.11 3,200 40 6 1.04 0.07 Deloitte Touche Tohmatsu ILA Group Ltd 6 0.61 1,186 27 5 0.76 -0.15
Citigroup Inc 7 0.95 2,720 24 5 1.05 -0.10 Goldman Sachs & Co LLC 7 0.58 1,131 18 18 0.42 0.16
Rothschild & Co 8 0.93 2,667 23 8 0.91 0.02 Morgan Stanley 8 0.55 1,070 15 21 0.39 0.16
JPMorgan Chase & Co 9 0.91 2,624 17 14 0.76 0.15 Lazard Ltd 9 0.53 1,042 13 20 0.39 0.14
Credit Suisse Group AG 10 0.87 2,510 12 3 1.38 -0.50 JPMorgan Chase & Co 10 0.52 1,007 13 14 0.47 0.05
Lazard Ltd 11 0.72 2,068 16 28 0.38 0.34 Avendus Capital Pvt Ltd 11 0.45 869 11 16 0.44 -
China International Capital Corp Ltd 12 0.66 1,912 10 19 0.60 0.07 ZTF Securities Co Ltd 12 0.44 858 8 108 0.08 0.36
Huatai Securities Co Ltd 13 0.63 1,817 17 18 0.65 -0.02 KPMG Corporate Finance LLC 13 0.44 855 34 3 0.90 -0.46
Macquarie Group Ltd 14 0.61 1,762 16 16 0.70 -0.09 Moelis & Co 14 0.42 815 12 33 0.24 0.18
HSBC Bank PLC 15 0.60 1,720 12 52 0.19 0.41 Guotai Junan Securities Co Ltd 15 0.41 802 13 45 0.19 0.22
Deloitte Touche Tohmatsu ILA Group Ltd 16 0.58 1,676 28 15 0.75 -0.17 CITIC Securities Co Ltd 16 0.37 728 12 35 0.24 0.14
Nomura Holdings Inc 17 0.51 1,478 12 20 0.58 -0.06 Somerley Group Ltd 17 0.36 711 10 22 0.39 -0.02
Somerley Group Ltd 18 0.51 1,459 12 9 0.87 -0.37 Shenwan Hongyuan Group Co Ltd 18 0.33 646 4 62 0.14 0.19
CITIC Securities Co Ltd 19 0.49 1,398 14 25 0.46 0.02 RHB 19 0.32 622 9 34 0.24 0.08
Guotai Junan Securities Co Ltd 20 0.43 1,237 14 68 0.13 0.30 UBS AG 20 0.31 614 12 6 0.69 -0.38
TOTAL 287,785 9,187 TOTAL 195,029 8,923
Japan Mid-Market (Up to $500 mln) 01/01/2019 - 09/30/2019 Japan Mid-Market (Up to $250 mln) 01/01/2019 - 09/30/2019
Nomura Holdings Inc 1 11.81 6,729 62 1 10.40 1.41 Sumitomo Mitsui Financial Group Inc 1 5.70 2,047 40 3 6.93 -1.23
Mizuho Financial Group Inc 2 4.63 2,638 51 3 6.22 -1.59 Nomura Holdings Inc 2 4.70 1,689 47 1 8.37 -3.67
Morgan Stanley 3 4.24 2,416 29 4 5.72 -1.48 Daiwa Securities Group Inc 3 4.05 1,454 48 5 2.42 1.63
Sumitomo Mitsui Financial Group Inc 4 4.23 2,412 41 2 7.28 -3.05 Mizuho Financial Group Inc 4 3.79 1,362 48 2 7.03 -3.24
Daiwa Securities Group Inc 5 3.38 1,926 49 5 3.67 -0.29 Morgan Stanley 5 3.13 1,124 26 4 3.06 0.07
GCA Corp 6 2.54 1,446 22 7 2.40 0.14 Deloitte Touche Tohmatsu ILA Group Ltd 6 2.37 853 61 7 1.57 0.80
Deloitte Touche Tohmatsu ILA Group Ltd 7 1.99 1,133 62 10 1.12 0.87 JPMorgan Chase & Co 7 1.65 595 7 60 - 1.65
Rothschild & Co 8 1.54 877 6 42 0.09 1.45 GCA Corp 8 1.57 562 19 6 2.32 -0.76
Citigroup Inc 9 1.24 707 6 19 0.44 0.80 Moelis & Co 9 1.33 478 5 53 0.03 1.30
Goldman Sachs & Co LLC 10 1.09 622 11 6 2.75 -1.66 PricewaterhouseCoopers LLP 10 1.23 442 11 12 0.71 0.51
Deutsche Bank AG 11 1.06 607 4 26 0.34 0.73 Robert W Baird & Co Inc 11 1.21 436 2 42 0.10 1.12
JPMorgan Chase & Co 12 1.04 595 7 13 0.74 0.30 Credit Suisse Group AG 12 1.12 403 5 36 0.21 0.91
Lazard Ltd 13 1.03 585 4 31 0.27 0.76 Frontier Management Inc 13 1.10 395 13 13 0.65 0.45
Evercore Inc 14 0.84 480 2 21 0.42 0.42 Goldman Sachs & Co LLC 14 0.93 332 10 11 0.72 0.20
Moelis & Co 15 0.84 478 5 15 0.70 0.14 KGI Securities Co Ltd 15 0.80 286 2 - - 0.80
Ernst & Young 16 0.84 478 8 9 1.15 -0.32 BFIN Securities LP 16 0.57 206 2 - - 0.57
KPMG Corporate Finance LLC 17 0.80 457 8 29 0.31 0.49 CIBC 16 0.57 206 2 - - 0.57
PricewaterhouseCoopers LLP 18 0.78 442 11 16 0.51 0.27 Miura & Partners 18 0.57 204 1 - - 0.57
Bank of America Corp 19 0.77 441 4 14 0.73 0.05 PrimePartners Corporate Finance Pte Ltd 19 0.56 202 1 - - 0.56
Robert W Baird & Co Inc 20 0.77 436 2 46 0.07 0.70 LionTree Advisors LLC 20 0.56 200 1 - - 0.56
TOTAL 57,000 3,046 TOTAL 35,931 2,985
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Bloomberg League Criteria
Announced Global League Tables are based upon announced total values, unless otherwise stated in the title. Non-US dollar values are converted to US dollars at the time of announcement.
Credit will be given to transactions in which Bloomberg classifies as mergers, acquisitions, divestitures, self-tenders, or spin-offs.
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Deals that are considered to be in proposed status will not be granted credit.
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Bloomberg L.P. reserves the right of final decision concerning league eligibility and requires adequate documentation for the same. Bloomberg L.P. and its suppliers believe the information herein was obtained from reliable sources, but they do not guarantee its accuracy. Neither the information nor the opinion expressed constitutes a solicitation of the purchase or sale of securities or commodities. Due to the dynamic nature of the Professional Service product, League Table rankings may vary between the quarterly/year-end publications and data found on the Bloomberg Professional Service.
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