Investment Bank League Tables: Size Matters
15 Feb, 2012 12:36
A bank’s deal volume is the sum of the prices paid by the acquirer on all M&A deals the bank advised on. While league tables could be used to compare and gauge investment banks’ M&A activity and performance, they also serve as a good basis for bragging rights.
These are the international league tables for the calendar year ending December 31st 2011.
While the 2012 figures do not necessarily reflect on this year’s deal flow, as the year has just begun, it remains encouraging for the Canadian Financial Markets to see two Canadian banks placing in the top 20 so far, TD Securities and Scotia Capital. This can mostly be explained by the $3.96B Pembina – Provident deal that both firms advised on, which gave them a solid lead early in the year.
Year-to-date, the dollar volume of transactions is up by 78.32% relative to deal flow in 2011’s fourth quarter. Hopefully we will witness a recovery of the EU and American economies in 2012, which could translate to a sustainable increase in global M&A activity across the board- positive news for all of us eager finance interns.