small cap m&a review...8 42.0 45.5-2 11* 0.0-4 9 14* morgan stanley 27 23* 24 15* 13 22 19 jp morgan...
TRANSCRIPT
-
SMALL CAP M&A REVIEW FINANCIAL ADVISORS First Half 2018
REUTERS / Pascal Rossignol
krizviClairfield
-
Source: Thomson Reuters
*tie
Source: Thomson Reuters
15.8
52*
75.90
-54
Imputed Fees (US$m) †
# of Deals per Advisor
15
Change (%)
-24
-13
2
362.4
181.3
395.3-47
2
Rank
83.4
-
123.1
▲
▲
36.4
41.7
12.2
Fees
-
41.7
-
7.0
-
60.1
71.3
97.9
100.0
25.9
100.0
7.2
81.9
262*
85.3
-
49.2
54.5
92.8
100.0
21.0
118*
-
14
198* 80.0
12
44.8
100.0
68.0
11.1
34
15
97.6
46*
-
18.6
81.5
Worldwide Estimated Small Cap Investment Banking Fees by Quarter*
-
93.5
- -
1.0
29.5
8
305*
-
8.6
100.0
22.9
-
-▼
84
7.061*
30
36.3
4.4
19.1
59.1
5.2
▲
▲
31.7
54.6
18.1
56.6
65.0
6.0
43.5
▼
64.3
▼
▼
-
▼
▲
▼
▼
▼
39
-
▲
-29.5
▼
-32.3 ▼
69.6 1.8
10
Exp (%)
71*
1
50
108.7
▼
9.1
14.5
▲
42.2
▲
57.8
52.9
▼
-34.2
▼
625.70
100 ▼10
-52.6
-22.4
▼
274.5
1
272.0
▼
1
140
-1.0▼
▲
94
96 24 330.3
4
Rothschild & Co
Deloitte
PricewaterhouseCoopers 3 2
4
12
7
4
9Houlihan Lokey
1
Sumitomo Mitsui Finl Grp Inc
2
1KPMG
6
Mizuho Financial Group 9 11 70
8 8 76IMAP
9
-
-72.6
556.4
41.9
10 68
24*
▼
6415
59 17 ▲
20
-
▲ -
16
42.9
42.2
-64.1
▼
27.2
-58.4
401.3
Morgan Stanley
14
-94.3
-
▲
115.8
18 24*
▲
-78
59Lazard
▼
▼
14.2 ▲
▲
-5
115.5
25
3
38.0
26.3
-74.9
22.2
21-
-
-
3.0
-42.7
-
13
-27.7
-49.5
-22.8
-91.4
▼
-31.1
-
-54.0
-
▲
16
▲
157.1
▲
▲
Evercore Partners
2721 67*Barclays
23*
23*
▼
44
28*
48*
28*
35
33
3541*
75*
33
UniCredit
55*
Credit Suisse
28
24*
38
27 -1 ▼
28
▼
31
▲10
▲
▼
7
-8
12 268.9
0.0 41.5
▼ -
▲
-46.284.1 2.3
-
Grant Thornton
20,326
45* 26
Mitsubishi UFJ Financial Group 47 60* 25
RSM Corporate Fin LLP 48*
26
35
45*
27
KeyBanc Capital Markets Inc
GCA Corp
41*
55*39*
China Renaissance Partners
RBC Capital Markets
Baker Tilly International
39*
-12
36
37
-16
13
28
28
Harris Williams & Co 60*
72*
14
43*
75*
39*
Macquarie Group
39*
43*
Nomura
▲Plutus Consulting Co Ltd
32
30
▲29
82,469.3
** Fee exposure indicates each firm's mid-market fees from deals valued at up to US$50m as a percentage of its overall M&A fees in the relevant region.
-2,264
† Imputed Fees shown are based on completed deal activity, whereas deal count & rank values are compiled based on announced deal activity.
▲ 12.0
-
▼
26-
2.7
4.0 122*
198*2.0
7.1
189*
133.8
-
▼
83.3
https://www.thomsonone.com
▼-
11
4,368.1
80.3
- 22.0
94*
▼ 175*
-22.9
-
43.70
44
56.6
100.0
88.5
22.1
-
75.6
6.0
-30.4
0.0
11
▲177.3
14
-53.3
42
0.0
-
▼
129.0
10.3
▼ -
162.1
20
0.00
-
13.0
19.7
-90
35
4
0
36
-5
7
36 ▼
20
280.5
0.0
-
8
22
20
-
-9Generational Equity 18
KBS Corporate Sales Ltd
19
27*
45*
▲
4141*
33*
-8
▼
▲8
-21
-25 ▼
▼
▼
-11
-91
86
77
573
6*
6*
▼
MM1a - Undisclosed Values & Values up to US$50m
11
4
33
6
Oaklins (FKA M&A Intl Inc)
94*
-23.1
7
--Raymond James Financial Inc
William Blair & Co 36*
▼
11
▼
16
53
▼
▲▼ 87.0
▼
▲
10
7
49
50
▲
4
-1
43
▼
Clairfield International
Ernst & Young LLP 5
12*
JP Morgan
Industrial & Comm Bank China
12*
Goldman Sachs & Co
20*
Lincoln International 102.7
72.7
-2
13
15*
55 137.4
5416
119
▼
10
Rank Value per Advisor (US$m)
2018
-0.2351.8 ▼
Rank
Jan 1 - Jun 30
First Half 2018 │ Small-Cap M&A Up To US$50m │ Financial Advisors
Advisor2017 ** Fee
Worldwide Small Cap M&A up to US$50m by Target Nation Region
2016
Financial Advisor
Change in
Deals
# of
55
19
17
15* 17
Rank
Moelis & Co
UBS
Citi
# of Deals
40 12
Piper Jaffray Cos
Stifel/KBW
29*
25* 30*
41
38
Kaede Group
29*
Benchmark International
29*
33*
11
25*
27*
27*
3538*
38* 38
Jefferies LLC
35
Bank of America Merrill Lynch 29* -
7
533*
Clearwater International
BDO
▼
65*
83.0
8
-41
22
▼
▲
88.0
92.2
-7 19
▲ 188.9 -45.5
286.5 7
-
▲
35.5
-67.2
▼
27
-
-
Rank Value
10.8
23.7
41.4
123.8
-
-58.9
27.8
150
- - -
2.0
-
19
-
47
40
37.0
24
- -
-
-76.6
101.4-
255.0
17.1
386.7 3
-38.4
9
5
18.8
82.1
-
Rank Value
-
2
US$m
2016
51
6
Worldwide Small-Cap Rankings (MM1a)
114.90
13
0.0
55
Rank
73.8
-
-
6 ▲
Global M&A 48* 30* 24 -15 ▼
33* 24 -12 ▼
-35.1 ▼
83.8 - 53.8 ▲
Cooperatieve Rabobank UA 48* 60* 24 5 ▲ 80.1
12.2 - -86.0 ▼ 22.3 24 100.0
10.0 - - - 14.1 42
Industry Total
$0 $10 $20 $30 $40 $50 $60 $70 $80 $90
2012
2013
2014
2015
2016
2017
2018
Rank Value (US$b)
Africa/Middle East Americas Asia-Pacific Europe Japan
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
$3.5
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q
2011 2012 2013 2014 2015 2016 2017 2018
Pe
rce
nta
ge
of To
tal F
ee
s
Investm
ent B
ankin
g F
ees (
US
$b)
% of Total FeesSmall Cap I.B. Fees ($50mil or
2
http://banker.thomsonib.com/krizviClairfield
krizviHighlight
-
*tie
40* 64* 7 3 ▲ 70 78.423.4 - -48.6 ▼
-7 6 ▲ -
2.9
-Daiwa Securities Group Inc 40* --
- -
-
-
100.0- -
1,600.9
-
0.0
7.0
▲
- -
28.5 - - -
-0.0 -
0.0 -
0.0 -
-15.4
Prairie Capital Advisors Inc 40* 31*
Industry Total
DA Davidson & Co Inc
34.3
1.8 115*
▼
72.0
89*
8.0
7.0
7
▲
0.00
-1 ▼
Macquarie Group 40*
7 -5
142*
5,400
▲
69.6
0.0
Deutsche Bank 40*
-25.2 75*
▼
▼-27.8
43
58
2.5
-
-
▼
- 31*
27.5
62*
-
-
▼
US Small-Cap M&A up to US$50m by Target Industry
0.0 -
-
-
100.0
29
▲
-
100.0
▲
▲
▼
-
3
▼
-
BMO Capital Markets
0.0
▲
▼
26*
▼
▼
Rothschild & Co
175.5
42.68.0
-
-
13.5-
-
19
3.0
-
34
6.3
5
5.8
12.0
3
4.8
24.0
15.7
42
12.0
13
11
10
24*
6
24.7
15
7
-
** Fee exposure indicates each firm's mid-market fees from deals valued at up to US$50m as a percentage of its overall M&A fees in the relevant region.
16,155.7
88.9
100.0
38.0
-
-
6.8
0.0 -
21
▲
24.6
5.2
-
15.0
▲
-
-
13.3
-
▲
Chartwell Financial Advisory
-
0.0
9.0
Jan 1 - Jun 30
The Braff Group
-15
5.0
38*
100.0
https://www.thomsonone.com
Source: Thomson Reuters
12.0
▲40* 7 3
7 0
64*
Signal Hill Capital Group LLC 40* 44* 7
Centerview Partners LLC
40* 44* 7
40* 51*
38*
- -7 4
445.530.0
▲6
58* 6 1
-2
64*
-1
8
0
10
36*
35*
Perella Weinberg Partners LP 50*
Sandler O'Neill Partners
KPMG
Hovde Group LLC 32*
89*8
-
75*
35*Capstone Headwaters LLC
† Imputed Fees shown are based on completed deal activity, whereas deal count & rank values are compiled based on announced deal activity.
-6
▼
▼
-13
9
9
Petsky Prunier LLC
51*
-8
3
810
15*
11129* ▲
Bank of America Merrill Lynch 32*
SunTrust Banks
94*
29*
10
101.3
146.7
43.7
-
-25.0
-
-
30.20
0.0
1 0.0 89*▲
Global M&A
0.0 -
35*
11
32*
AGC Partners
25*
Lazard 25*
34
29*
29*
35*
Cascadia Capital
IMAP
57.9
▼-1
1227*
▲
▲
14 ▼
0.0
▼
1521*
11
12
-123*
-2
14
2
-
-
-16.9
60
UBS 27*
0.0
0.0
37.0
842* 615
1
-
-
-
-
-
-
-
-
35*
35*
122*
5.0
1.5
38*
45*
12.0
-105* ▼
▼
19
29*
▲
1618*
5
Oaklins (FKA M&A Intl Inc)
▲
20
PJT Partners Inc
35*
-5
21*
-2 ▼
▲
48.0
15Benchmark International 0.0
15
Citi
Credit Suisse
Robert W Baird & Co Inc
31* 5
- --
17
-
-
-
89* -
-
-17.2
-
0.0
0.0
-
7.8▼
-
0.00
28.4 -
12
133.3
19.8
16
37.5
8*-
24*
20.0
-
-
17.2
-
-
16.0
▲
0.0
▲
- --
24.7
42.4
-
-
-
20
0.0
8 ▲
▲
42.0
45.5
-2
-0.011*
▲4
9
14*
Morgan Stanley
27
23* 24
15*
13
22
19
JP Morgan 14* 11
Duff & Phelps
RBC Capital Markets 17
KeyBanc Capital Markets Inc
21
18
Lincoln International 14*
Harris Williams & Co
8*
2218*
22
-
-
Evercore Partners 9*
Barclays
13*
11*
Jefferies LLC
-
9* 0.0 89* -
▲
3.0 -94.3
-
▼▲
-31.1
▼
▼
-
▲
12.0 80*
13
240.1
10*▲
85
1
50.00
9
10
13
20 30Moelis & Co
Stifel/KBW 7 7
8
5*
4
31
Goldman Sachs & Co 5* 132
6
8*
▲
William Blair & Co ▲124 36
Piper Jaffray Cos 35*
Generational Equity 3 -841
Financial Advisor
2
-12
Raymond James Financial Inc
# of Deals per Advisor
2
2017
Change (%)
Rank Value
3
60
42
▼
Rank
1
MM2a - Undisclosed Values & Values up to US$50m
Deals # of Deals
Rank Value per Advisor (US$m)
Jan 1 - Jun 30
108.30
2
2018
Rank Rank
29
32
7
▲4144.3
▼
▲
-
▲
1
29
21*
21*
21*
Houlihan Lokey
17
13*
38*
32* 10
64*
26*
15*
▼
-866
▲
-1
27
▼
▲
2018
▼
2
-
7
# of Change in
-73.4
5 ▼
Rank
First Half 2018 │ Small-Cap M&A Up To US$50m │ Financial Advisors
-
Rank Value
US Small-Cap M&A up to US$50m by Rank Value Range
US Target Small-Cap Rankings (MM2a)
US$m
-39.9
-
2018
▼
55.7
Fees
69.5
-30.8
Imputed Fees (US$m) †
Exp (%)
-
13.4
42.2 23
67.3
78.6
93.9
58.024*
▼
24*
-
14
37
8.6
22.9
22.6
7.0
22 11.9
35.6
100.0
11.7
66.7
24.7
-
4 68.0
31.6
-
44.18*
-
100.0
-88.3
.8
28.9
1
Advisor
182.9
-17.8
36.3
19.7
36.1
0.0
59.7
** Fee
50.0
-
9.0 100.0
3.6
27.0
235*
65.8
5.3 4.8-
12
36* 8*
-
3
100.03.3
-
-
-
31*
-
100.0
44
-
-
Stephens Inc 40* 44* 7 -1
21*
5
3.1 61 19.5
68.4
16.9
100.0
100.0
11.3
-
3.5 59 22.9
Clairfield International 50* 94* 6 4 0.00 - - - - -
Quarton International 50* 58* 6 1 ▲ 0.0 - - - 6.0 40*
26.9%
12.3%
11.0% 9.4%
9.4%
7.9%
7.1%
4.4%
4.3%
3.3% 2.7% High Technology
Real Estate
Healthcare
Media and Entertainment
Consumer Products and Services
Financials
Industrials
Retail
Energy and Power
Materials
Consumer Staples
Telecommunications
-
500
1,000
1,500
2,000
2,500
3,000
3,500
$0
$2
$4
$6
$8
$10
$12
# o
f D
eals
Rank V
alu
e (
US
$b)
US$0 - 10m US$10 - 20m US$20 - 30m US$30 - 40m US$40 - 50m # of Deals
3
http://banker.thomsonib.com/krizviHighlight
krizviClairfield
-
*tie
-0.0 11* - - - -
- 1.0 17* 100.0
Riza Capital Consultoria de 28* - 1 1 ▲
100.0
Capitalmind 28* - 1 1 ▲ 0.0 11* -
0.0 11* - - 1.0 17*
- - - -
The Food Partners LLC 28* - 1 1 ▲
-
Translink Corporate Finance 28* - 1 1 ▲ 0.0 11* -
0.0 11* - - - -
100.033*
17*
17*
0.0 11*
▼ 0.0 11* -
-
1.0
11*
-5
34*
Scotiabank 28* 21* 1 -1
Banco Fator SA 28*
KPMG 28* 4* 1
0 -
-
-
-
-
--
- -
0.1
--
Clairfield International 21*
0.0
▲
7
139.0
-
3.2
-
25.6
-
34.9
Latin American Small-Cap M&A up to US$50m by Rank Value Range
--
2018
US$m Change (%)
** FeeAdvisor
11*
2018Rank Value
MM17a - Undisclosed Values & Values up to US$50m
0.0
1
3
1
7
2
- 1
100.01.0
0.0
▼
-
▼
-
-
RGS Partners
1
Itau Unibanco 9
21*
Banco BTG Pactual SA 3
5*
34*
1 17
-4
5
4
4
1
2
34*
-1
6
4
5
28.0
5
▲
▲
▼
Rank Rank
Jan 1 - Jun 30
0.4
36.8
-
-
34.0
-
0.0
▲
48.2 -
▲
2.0
5*
11*
-62.4
3
-
-
Rank Value per Advisor (US$m)
Jan 1 - Jun 30
First Half 2018 │ Small-Cap M&A Up To US$50m │ Financial Advisors
11*
-
2.0-
-
Change in
7*
7
9*
Rank
10
11*
-
-
11*
Goodbody Corporate Finance
Davy Corp plc
Arab Banking Corporation
34*
14*
-
2.0
▲
-
100.02*
1
11*
0.1
PricewaterhouseCoopers
Goldman Sachs & Co
Imputed Fees (US$m) †
21*
Credit Suisse 14*
34* 3
-98
0.0
48.2
4
4
3
3
12*
0
4
▼
2.4
▲
▲
1.6
▲
▲
0.0
-
▲
▲
Rank Value
0.0
11*
# of Deals per Advisor
6
0.0
Morgan Stanley
Oaklins (FKA M&A Intl Inc)
7*
1*
11*0.0
Deloitte
4
▲
0.07*
11
12* 17*
7* 1
-24*
# of 2018
▼
16.0
1
4
Latin America Involvement Small-Cap Rankings (MM17a)
Financial Advisor
2017
100.0
9*
30
2*
69.0
9*
-
Citi
INFUPA SA
-
Rothschild & Co
26.8
100.0
-
9*4
5*
12*
Lazard
12*
5
14*
Rank
7*
3Ernst & Young LLP
# of Deals
Artica Participacoes e Assesso
14*
4
12*
7*
15
Deals
14*
-
▲
▲
▲
21* 1
2
3
3
3
21*
-
2 2
2 1
3 3
34*
3
1
14*
Industry Total
JP Morgan 14* -
Bank of America Merrill Lynch 21*
HSBC Holdings PLC
https://www.thomsonone.com
-
Source: Thomson Reuters
▼
-
83.3
-
▲
488
34*21*
21*
-
2 0 0.0
11*
11*
▲
2*
-
-
2
11*
-
0.0
Latin American Small-Cap M&A up to US$50m by Target Industry
100.0
-
-
** Fee exposure indicates each firm's mid-market fees from deals valued at up to US$50m as a percentage of its overall M&A fees in the relevant region.
▲
-
33*
-54.7 26*
-
100.0
-
-
100.0
-14.1
11*
† Imputed Fees shown are based on completed deal activity, whereas deal count & rank values are compiled based on announced deal activity.
1
0.0
--
▼
- -
-
-
-
0.0
2.0
9 0.6
11*
11*
11* - -
- 4.0
-
-
91.1
-
-
4.0
2.0
-
2.0
▼
-
-
-
-
-
1*
-92.4 ▼
Fees
-
100.0
- -
-
--
11*
11*
- -
2.0
-
-
-
-
11*
9* 100.0
4.0
3.0
- -
8.0
9*
44.4
-
4.1
-
-
100.09*
11*
0.0
0.0
0.0
0.0
0.0
-7
▲
1,750.0
-
12* 2 -1 ▼
100.0
100.0
Exp (%)
26.0
0.0Banco Bradesco SA 21*
-
2 2
▲
▼
Evercore Partners 28* 1 ▲ 0.0
Greenhill & Co, LLC 21*
▲Cypress Associates 21* - 2 2
Alantra Partners SA
Alpax Inc 21*
11* - -
BBVA 28* 8* 1 -4 ▼ 42.3 3 96.7 ▲ 0.6 26* 100.0
Mizuho Financial Group 28* - 1 1 ▲ 0.0 11* - - - - -
BNP Paribas SA 28* 4* 1 -5 ▼ 0.0 11* - - - - -
RBC Capital Markets 28* - 1 1 ▲ 0.0 11* - - 2.0 9* 100.0
Nomura 28* - 1 1 ▲ 0.0 11* - - - - -
IMAP 28* 8* 1 -4 ▼ 0.0 11* - - 1.0 17* 100.0
Lincoln International 28* 21* 1 -1 ▼ 0.0 11* - - 1.0 17* 100.0
IGC Partners 28* 34* 1 0 - 0.0 11* - - 1.0 17* 100.0
Eurohold SL 28* - 1 1 ▲ 0.0 11* - - 1.0 17* 100.0
Valence Group 28* - 1 1 ▲ 8.3 8 - - 0.2 32 100.0
BR Partners 28* 8* 1 -4 ▼ 0.0 11* - - - - -
LionTree Advisors LLC 28* - 1 1 ▲
24.3%
13.3%
11.0% 10.9%
8.6%
8.1%
8.1%
7.5%
4.4% 3.8% Materials
Industrials
Financials
Real Estate
High Technology
Energy and Power
Consumer Staples
Retail
Media and Entertainment
Telecommunications
-
50
100
150
200
250
300
350
400
450
500
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
# o
f D
eals
Ra
nk V
alu
e (
US
$b
)
US$0 - 10m US$10 - 20m US$20 - 30m US$30 - 40m US$40 - 50m # of Deals
5
http://banker.thomsonib.com/krizviHighlight
krizviClairfield
-
*tie
ACXIT Capital Partners 51* 50* 10 -1 ▼ 0.0 0.0 - - - 9.0 30 100.0
▲ - - -
CFI 47* 20* 11 -15 ▼
▼ 3.0 79* 13.5
87.2- 4.1 62
Credit Agricole CIB 51* 40 10 -6 ▼ 0.2 0.2 -
10.2 - -
-98.8
Equita SIM SpA 51* 167* 10 8 ▲
- - -
78 100.0
▼
87.6 71.610 3 0.2 ▲
95* 100.0-19.543.6 35
45*
William Blair & Co 40*
9.6
Liberum Capital 51* 47* 52.4
- 125.1 ▲ 3.3
41*
55*
Canaccord Genuity 51* 13
Deutsche Bank
56.998.2
Rank Value per Advisor
75*
Jan 1 - Jun 30
-16.0
1
-47
-14.2
European Small-Cap M&A up to US$50m by Target Industry
Rank
58.7
211.2
2018 2017
10
Numis
-3
4
2 ▲
▲
55* 12
13
17
15
30*
30*
19
21
330*
5
23*
23
13 ▼
-5
8
28
24
36*
25
10
RSM Corporate Fin LLP
PricewaterhouseCoopers
213*
25
Grant Thornton
UniCredit
50
11* 14
Kon SpA 19*
▼
▼
Goldman Sachs & Co
Financial Advisor Rank
Lincoln International 33
4
12
7
9
54
5
Ernst & Young LLP
Clairfield International
2
IMAP
KBS Corporate Sales Ltd
76
3
Clearwater International
Oaklins (FKA M&A Intl Inc)
Lazard
8
9
10
10
Deloitte
74
109
▼
1
-17
▼
6
5
Rank
4
1KPMG
Rothschild & Co
3
13*
11 -1110
28
-34
11*
39
33
15*
# of Deals
-57
70
103
-24
▲
62.1
▼
▲
121.0
European Small-Cap M&A up to US$50m by Rank Value Range
Deals
▼
# of Deals per Advisor
MM3a - Undisclosed Values & Values up to US$50m
Rank Value
57
# of Change in
59
-24
17
▼
▼
47
115.5
▲
50.8
115.3
Euro mil
European Involvement Small-Cap Rankings (MM3a)
Jan 1 - Jun 30
244.5
0.0
▼
0.0
8.3
0.0
▲
▲
0.0
▲
10.0
7.2
-
6.0
-
2.0
1.0
15.4
-89.8 ▼ 11.3
30.0
0.0
-90.0
-
36.6
-
▲
- -64.8▲
0.0 0.0
12.0
-
Citi
Arma Partners LLP
19
138*
13
13
Global M&A
Credit Suisse 36* 14
13
33
83.8
-10
-
-
▲
▲
▲
▲
▼
▼
45.4
9.1
17,400.5
Source: Thomson Reuters
15*
22
20
4
▼
▼
151.6
23.7
69.0
-
184.3
3
81.7
-4
-8
137.4
63.1
205.3
19.5
171.8
323.8
▼
▲
▼ ▼
7 ▲
76.3 -16.220
5
87.7
93.2134.7
40.2
5.0113.6
13.0
0.0
100.0-80 9
162.1
17
-6
1273.0▼
23*
55*
19*
17*
17*
▼17*
▲24
1
23
-10
23
36*
27
22
3
33*
16
23
111*30*
-
88*
28*
26* 20*
26*
17*
2
3
19
19
18
17
-2
-3
10
61*
-
0
2.0
51*
† Imputed Fees shown are based on completed deal activity, whereas deal count & rank values are compiled based on announced deal activity.
23* 11
Livingstone Partners
47* 75*
41*
11
69* 10 68.5
▼6,920
▼
61.0 49.3
12.3
Industry Total
47*
47*
0.075*
23*40*
45*
15 58.9
57.9 47.2
-
-
1145.9
-
8.0
9.5
--
64.9
▼
▲
▲
2.0▲1470.9
-
▼
9.8
4.4
20.0
-3
-1
▲
9.6
48.3
24.6
▼
▼
43*
36*
-4
16
11
15
17
17
▼
24.1
9.7
-7
11
▼
▼
-16
▼
▲19
15
-14
13
Cambon Partners 36*
96*
40*
36* 15
-4
40*
Mediobanca
30*
40*
35
30*
39
Banca IMI (Intesa Sanpaolo)
30*
Natixis 30*
Morgan Stanley
Cooperatieve Rabobank UA
26*
Globalscope
Alantra Partners SA
29
UBS
25
BNP Paribas SA
Evercore Partners
JP Morgan
GCA Corp
INFUPA SA
HSBC Holdings PLC
Macquarie Group
Bank of America Merrill Lynch
8*
19*
-
▲
38.1
19*
Capitalmind
ING
▼-64.3
54
4.0
39.2
22.3
269.7
307.9
33.7
-
13
-
▼
-85.9
▼76
1.3
-7
BDO
5
Barclays
Benchmark International
Baker Tilly International
Houlihan Lokey
Translink Corporate Finance
23
24
17
-8
11.0
11.4
▲
16
83.4
▼12
224.2
-12
▲
83.0
9
▼
11
73.6
-
9.9
-14
▼ -
0.0
▼
▲
106
111*
53.2
13.9 100
47.6
1
1010
7
67.8
-
134.5
▼
-
-
-
-
27
152*
-
54.6
-48.4
-
-63.1
-
-80.0
▼
3.9
-
24.2
▼
24.5
-75.5
-
▲
▲
-
49.2
Rank
1
2
2018
First Half 2018 │ Small-Cap M&A Up To US$50m │ Financial Advisors
141.7 6
-59.2
▲
▲
Rank Value
US$m
392.5
-44.2
Change (%) Fees
0.0
▲
** Fee
Exp (%)
Imputed Fees (US$m) †
2018Advisor
4
▼
▼
▲
▲
42.9
▲
-
▲
0.0
-
** Fee exposure indicates each firm's mid-market fees from deals valued at up to US$50m as a percentage of its overall M&A fees in the relevant region.
39.4
46.1
▼
12.0
12.2
-62.5
-
0.0
23.0
2.3
23.0
15.3
31.7
131.8
-90.8
-61.6 ▼
▲
▼
▼
10.0
6.2
-77.7
-
-
57.1
1.0
4.0▼
2.0
13
-
6.9
20
4.0
44*
21*
39
59
15*
42
19.3
102*
15.2
4.3
63*
13.3
9.6
-18.6
7
79.6
63*
2.6
94.1
100.02.1
31*
100.0
15.0
21*
1,693.3
10.0
2.4
89.629
20.6
73.514
49 27.5
9.7
83.9
40.0
80.0
92.4
100.0
164*
60*
68.2
28.4
10.1
100.0
28.2
4.7
23
102* 12.8
34
26*
-1,494
-
-
101
11.3
- -
0.0
-
10.8
155.1
-65.0
-
-
0.0
39.1
103.1
0.0
38.8
0.0 0.0
-11.414,405.4
8
-
-
-
▼
368.2
-
-
▲
▼
-
▼
102*
1.9
17
10
164*
4.6
88.5
100.0
79.2
8*
100.0
5.5
12.0
1.0 164*
102*
22.8
19
93
12
70.2
41.8
3.9
41.7
26*
-
63*
100.0
56
41
20.0
52.9
-
100.0
100.0
8.0
0.0
24
-
0.0
39.0
0.0
11.3
37.7
-
-
-
85.1
0.0
25.7
https://www.thomsonone.com
100.0
100.0
100.0
93.5
76*
93*
97*
100.0
40*
10.5
2
46.0
25
26* 52.4
100.0
10.0
6.3
98.8
97.8
-
8.0
4
51*
56.5
5
3
150*
120
-50.3
12.6
12.0
106.0128.2
Cenkos Securities PLC 51* 69* 10 2 ▲
16.2%
14.5%
13.1%
10.2%
8.6%
8.1%
8.0%
5.9%
5.6%
4.4%
3.2% 2.2% High Technology
Industrials
Real Estate
Financials
Healthcare
Media and Entertainment
Consumer Products and Services
Materials
Energy and Power
Consumer Staples
Retail
Telecommunications
-
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
$0
$2
$4
$6
$8
$10
$12
# o
f D
ea
ls
Ra
nk V
alu
e (
US
$b
)
US$0 - 10m US$10 - 20m US$20 - 30m US$30 - 40m US$40 - 50m # of Deals
6
http://banker.thomsonib.com/krizviHighlight
krizviClairfield
-
*tie
Source: Thomson Reuters ** Fee exposure indicates each firm's mid-market fees from deals valued at up to US$50m as a percentage of its overall M&A fees in the relevant region.
209* -
1.4 68* 100.0
41* 33.3
0.0 45* - -
0.0 0.0 45* - -
9.5 6.9 45* -37.9 ▼
0.0 45* -
DC Advisory 45* 72* 4 2 ▲
Duff & Phelps 45* 25* 4 -6 ▼
SPARK Advisory Partners Ltd 45* 53* 4 1 ▲
-HSBC Holdings PLC 45* 106* 4 3 ▲ 100.0
0.0
UniCredit 45* 106* 0.0 0.0 45*4 3 ▲
0.0
-- -
10.4
45* -
45* -72.0
20.3
- -
23*
-
▲
RBC Capital Markets 45* 53* 4 1 ▲
4 1 ▲
Beaumont Cornish 45* 106* 4 3 - -
4.0
Hoodless Brennan & Partners
0.0
0.0
† Imputed Fees shown are based on completed deal activity, whereas deal count & rank values are compiled based on announced deal activity.
53*
22.0
-
▼
US$m
0.0
61.0
▲
▲
-
15.7 45*
0.0
-1
7.5
▲3
0.0
▼
UK Small-Cap M&A up to US$50m by Target Industry Jan 1 - Jun 30
-
1.6
41*
3
21 50.6
▼
▼
4
▼
3
3
▲6
▲
5
10.0
27*
▲
▲
6
▲
-
6
9.3
29*
27.2
8
▼
29*33.1
29*
34*
5
▼
6 38.8
0.0
46.1
6
0.0-9
12.08 16.9
45.5
0.0
15.4
495.2
27*
29*0.0
11.1
29*
19*
19*
▲
19*
19*
5.0
52.4 38.4
7.0
19*
19*
0.0
13
▼
-6
19*
19*
72* 10
▼
3
11
11
10
8
12
-22
2
10
14
-17
1 ▲
0.0
23.6
0.0
0.05
43.2 19*
60.0
16.7
74.8
125.1
-
-
19*
14
15*
15*
▼
▲
15*
15*
72.8
▼
0.00.0
▲ 11*
52.5
▼
21.5
▲
6
7
9101.0
10
48.3
11*
7.1
72.9
8
40.4
-11
-12
▼
-10
38.1▼
29.0
-8
34.4
-2 28.9
9
3
-1
▼
17
# of Deals Fees
46.7
0.0
11*
13.0 ▲
117.3
27.8
0.0
0.0
-
-75.5
-
83.4
Rank Value per Advisor
▼
149.8
23.7
4.5
23 ▼
11
2
12.0
1.8
-
0.3
5
2.6
1.3
-
4.6
9.0
1.3
-15
Change in # of
# of Deals per Advisor
1
▼
8
▲
▲
6
61*
Goldman Sachs & Co 15* 33*
BDO
Houlihan Lokey 11
GCA Corp
Bank of America Merrill Lynch
15*
39*
53*Macquarie Group
15*
7
25*
15*
-11
14
11
1
7
13
1320*
11*
11*
8
10 3
Deloitte
10
9
Ernst & Young LLP 11*
Baker Tilly International
PricewaterhouseCoopers
20
8
Financial Advisor
9
24
44
59
16
Clearwater International
Rothschild & Co ▲ 93.3
MM4a - Undisclosed Values & Values up to US$50m
2
Rank Value
Jan 1 - Jun 30
2018
Rank
4
13
KPMG
5
KBS Corporate Sales Ltd
▼
4*
15
23
6
Deals
2017
Rank
8.5
▼
7
4*
Grant Thornton
RSM Corporate Fin LLP 11.9
Benchmark International
18
▲ 115.5
-86.2
4*
3
▲ 0.0
Change (%)
▲3
GBP m
Barclays
Oaklins (FKA M&A Intl Inc)
126.7 2
▲ 54.6
-
2018
45*
4*
205.0
0.0
-
-
▼
-
-82.6
-
-71.4
-
▼
▲
-43.9
106*
41*
-
34
71*
-
159.0
-22.0
4.0
6*
-
-
1.4
176*
54.2
** Fee
Numis 19*
12
1
47.1
▼
79*
Imputed Fees (US$m) †
2
Cenkos Securities PLC
Arma Partners LLP 72*
28*
Liberum Capital 19*
19*
IMAP
20*
▼
8
44*
19*
9
-8
-2
8
19
-1
Lincoln International 19*
19*JP Morgan
29*
34*
Canaccord Genuity
29*
Livingstone Partners
BCMS Corporate Ltd
29*
Clairfield International
53*
Sentio Partners LLP
-
34*
38*
34*
39*
Morgan Stanley
Alantra Partners SA
29*
https://www.thomsonone.com
34*
3 ▲William Blair & Co
Viel & Cie Finances
53*
14
Evercore Partners
28*
27*
17
Credit Suisse
-
38*
Industry Total
Dow Schofield Watts LLP
Peel Hunt LLP
Akur Ltd
-
Global M&A
72*
1,829
-
-
1.0
2.4
2.8
8.0
9.0
3.3
-
-
22.3
▼
2.0
-
▼
0.0
▼
▲
-
83.9
100.0
8*
100.0
100.0
34.6
35*
68*
23.0
8.7
First Half 2018 │ Small-Cap M&A Up To US$50m │ Financial Advisors
Rank Value
UK Involvement Small-Cap Rankings (MM4a)
-35.2
4
2.0
Advisor
1
2018
167*
65
20
100.0
-
-
-
0.4
14*
7.8
8.2
30
2.3
5.0 17*
39*
0.0
71*
-
209*
-
100.0
87.6
8
-1
Rank
▲
0.0
34*
34*4
27*
0.0
10.8
0.0
▼
10
10
10
10
8
▲
0
9
-3
22*
15* 10
31*
Rank
-41.4
62.5
-
-72.4
-
-
▼
-
-
-
-
▼
▲
2.0
-
1.0
▼
28*
11
▲
38
10
-
23*
-
89.9
21.6
83.3
100.0
93.9
12
100.0
30.8
-
100.0
-
1.0
16
-
5.5
79*
4.0
6*
100.0
23*
17*
21.0
56.5
79*
100.0
96.0
UK Small-Cap M&A up to US$50m by Rank Value Range
49.1
Exp (%)
89.7
100.0
-
-24.6
-19.5
16.8
169.7
-
-
131.5
162*
-38*
975.9
▼
2.0
5.2
100.0
94.7
-
41*
20.0
12.9
2.1
100.0
100.0
100.0
-
107.8
38*
0.0
-
▲
▼
0.0
▼
-
▲
0.8
▼
5.0
0.0
-64.0
-
38*
-
38*
▲
27.7
5
38.5
7.0
0.0
0.0
38*
0.0
0.0
8.0
62.9
▲
6.0
5.0
52.6
37.2
14.0
34*
0.0
1.1
6,254.9
433*
5
5
29* 27
33*
39*
5
538*
33*
5
31*
38*
5
-1
2
-2
4
▲
▲ 38*
▲ 62.4
-2 5.7
-
4.7 19
38*
14.5
91.3
-
39.4
100.0
-
-89.2
25.0
46.2 38*
7.8
35.2
45*
-401 4,558.6
3.1
0.6 100.0▲
45*
▼-7.8 39.7
Citi
Moelis & Co
Equita SIM SpA
33*
38*
38*
▼
WH Ireland Ltd 100.0
631.4
1.4 68*
100.0
20.8%
15.0%
11.8%
9.7%
9.6%
8.1%
8.1%
6.1%
4.0%
3.1% 2.2%
Real Estate
High Technology
Financials
Industrials
Media and Entertainment
Healthcare
Consumer Products and Services
Energy and Power
Materials
Retail
Telecommunications
Consumer Staples
-
200
400
600
800
1,000
1,200
1,400
$0
$1
$1
$2
$2
$3
$3
$4
$4
$5
# o
f D
ea
ls
Ra
nk V
alu
e (
US
$b
)
US$0 - 10m US$10 - 20m US$20 - 30m US$30 - 40m US$40 - 50m # of Deals
7
http://banker.thomsonib.com/krizviHighlight
krizviClairfield
-
*tie
Source: Thomson Reuters
CM-CIC Conseil SAS 26* 55* 3 1 ▲ 20.8 17.0 16 - - 1.5 33* 100.0
21*
▼
0.0
RBC Capital Markets
Deutsche Bank
3Houlihan Lokey
329*
3
34.2
3
13.9
-324
26*
3
26*
26*
26*
2
0.0
26*
88.9
3*
19
Grant Thornton
11.3
0.5
11.0
0.0
10
-
-
-
-
-
--
Rank Value per Advisor
-
0.0
0.0
-
-
0.0
108*
-90.0
-
-29.0
-
-
▲9
23*
3
82*
▼
-
-
-
20.0
-
1
▲
DC Advisory 0.0 61.2
-
3
100.0
2.0
▼
† Imputed Fees shown are based on completed deal activity, whereas deal count & rank values are compiled based on announced deal activity.
2,191.8
▼
0.0
343.5
-3 -
0.0
-
-
27.6
-
French Small-Cap M&A up to US$50m by Target Industry
JP Morgan
3
Industry Total
24.6
HSBC Holdings PLC - -
Jan 1 - Jun 30
https://www.thomsonone.com
0.6
17*-
108*
96
- -
3.0
17*
21* 100.0
100.0
105*
-
2,651.5
0.0
-
-
-
131.8
-25.2
8
2
-
▲
74.5
128.2
30.0
7.3
10*
1.0
5.0
33*
-
3.0
0.3
-
12
-
-
- -37*
0.8
39*
99
-
39*
-
▼
-
-
- -
37.8
-
-0.0
-
-
-
-
37*
-6
-
-
-85.7
9 -
-
-
-
▲
▼
-
▲
▼
20
11
6.07.3
0.2
-
▼
-63.7
-
23
50.2
21.1
-
106.0
69.0 3790.5
34.8
Rank Value
3
French Involvement Small-Cap Rankings (MM5a)
Change (%)
25.2
Imputed Fees (US$m) †
Exp (%)
1
Rank
Rank Value
0.4
6.3
-
5.0
1.0
1.0
▲
▲
47.5
0.2
7.2
0.2
1.2
-
4
5
11 ▼
-
-98.8
▼
-48.3
41.6
--
4
4
1
** Fee exposure indicates each firm's mid-market fees from deals valued at up to US$50m as a percentage of its overall M&A fees in the relevant region.
9
37.3
▲
7
6
3.0
▲
▼
11 4
-6
5
82*19*
15*
26*
55*
IMAP
BDO
Banque Degroof Petercam SA
Capitalmind
10*
1,055
▲
4
▼
Lincoln International
2018
1
3*
KPMG
6
7*
3*
Clairfield International
Lazard 81.7
▼
Advisor
US$m
-7
2 192
6
1
4
29*
▼-5
Change in
-3
-2
15
15
5
12*
3
4
10
15
5
6
Rank
▼
Deals
36.8
▼
42
▲
100.0
3
0.0
▼
0.0
0.0
-1
▲
82*
0.0
4
▲
▲
5
0
-
40.0
0.0
-0.0
-16
5 0.0
-
▼
▼
▲
-9
▲
-
0
2
0.0
▼
Arma Partners LLP 19*
Deloitte
-
82*
Oaklins (FKA M&A Intl Inc)
Mediobanca
Baker Tilly International
19*
1
19*
-
34
19*
19*
41*
19*
4
4
French Small-Cap M&A up to US$50m by Rank Value Range
15* 10*
9
15*
Natixis
Rothschild & Co
Financial Advisor
MM5a - Undisclosed Values & Values up to US$50m
19*
# of
19*
# of Deals per Advisor
-6
Rank
2017
7*
PricewaterhouseCoopers
Cambon Partners
13*Societe Generale 7*
13*
12
10*
15*
15*
23*
7
Credit Agricole CIB
Invest Corporate Finance SAS
BNP Paribas SA 7*
UBS
10*
6
Clearwater International
6
19*
15*
Ernst & Young LLP
15*
6.0
8
-
100.0
97*
100*
35*
2018
100.0
68.2
124*
12
11.4
76.9
Rank
100.0
100.0
17.9
25.2
6.6
87.8
100.0
100.0
4.2
100.0
10*
100.0
Jan 1 - Jun 30
13.5
** Fee
67.4
100.0
41.7
-
4
17*
9
39*
100.0
45.0
29.1
100.0
0.0
41.6
19*
2.0
▲
14
-8
-6
9
-3
4
2
0.0
100.0
37*
2
▼
5
Fees
2.0
2018
1.5
First Half 2018 │ Small-Cap M&A Up To US$50m │ Financial Advisors
-
0.0
45.2
0.0
0.2
Oloryn Partners 26*
2.3
▲
-7
-6
8.0
Euro mil
1
# of Deals
1
0.0
0.0
0.0
0.0
7
14.0
9.8
49.5
0.0
17.1
30.0
0.0
-0.7
▼
0.0
0.0
▼
24.7%
14.8%
10.0% 9.2%
8.5%
7.8%
7.3%
5.4%
4.7%
3.9% High Technology
Healthcare
Industrials
Media and Entertainment
Real Estate
Consumer Products and Services
Financials
Consumer Staples
Materials
Energy and Power
Retail
-
100
200
300
400
500
600
700
800
900
1,000
$0.0
$0.2
$0.4
$0.6
$0.8
$1.0
$1.2
$1.4
$1.6
$1.8
$2.0
# o
f D
eals
Ra
nk V
alu
e (
US
$b
)
US$0 - 10m US$10 - 20m US$20 - 30m US$30 - 40m US$40 - 50m # of Deals
8
http://banker.thomsonib.com/krizviHighlight
krizviClairfield
-
*tie
Source: Thomson Reuters ** Fee exposure indicates each firm's mid-market fees from deals valued at up to US$50m as a percentage of its overall M&A fees in the relevant region.† Imputed Fees shown are based on completed deal activity, whereas deal count & rank values are compiled based on announced deal activity.
Clearwater International 27* 9* 3 -6 ▼ 44.8 38.0 1* - - 1.0 41* 100.0
Proventis Partners 27* 61* 3 2 ▲ 0.0 0.0 25* - - 2.0 24* 100.0
Drake Star Partners 27* 61* 3 2 ▲ 24.0 20.1 16 - - 1.4 39 100.0
JLL Capital Markets 27* 61* 3 2 ▲ 0.0 0.0 25* - - 3.0 13* 73.2
Sonntag Corporate Finance GmbH 27* - 3 3 ▲ 0.0 0.0 25*
5
- - 2.0 24* 100.0
25*
100.0
0.0 0.0
- -
13*25*
0.0
- 3.0
30.4 25.4
24* 100.0
13*
13*
100.0
100.0
0.0
--
-
- 2.0
-
- 3.0
25*
- -
-
25*
12 - -
-
-
-
0.0 -
25*
0.0
-
-25*
4
Saxenhammer & Co Corporate
20*
61*
25*
13*
-10
▲ 0.0
0.0
Fees
8.0
25*
Commerzbank AG
10*
Citi
20*
361*
9*
-
0.0
4
0.0 0.0
25*
0.0
▲ 0.0
▲
0.0
0.0
0.0
0.0
0.0
30.0
▲
0
▼
Change in
11.6
▼
0.0
0.0
4 0
-
-
24*
4.0
▲
100.0-
4
100.0
-
100.0
0.0
0.0 25*▼
20.0
2.0
1.1
-59.5
2018
41*
41*
Jan 1 - Jun 30
42.3
1.2
2.2
2.2
41*
** Fee
2
Jan 1 - Jun 30
3*
90*
3.0
100.0
4.0
▼
0.0
- 0.0
0.0
4
25*
Rank Value per Advisor
17
Rank
-
-
-
German Small-Cap M&A up to US$50m by Target Industry
2.0
8.0
Exp (%)
21*
1
- -
Rank Value
44.0
Euro mil
-
-
-
10*
-
-
-
25*
25*
-18.1
21*
-
10*
-
-
100.0
-16.5
25*
11
25* -
-
-
25*
25*
0.0
-
34.0
18
-
13*
▼
https://www.thomsonone.com
Oaklins (FKA M&A Intl Inc)
Quarton International
-3
13*
13*
William Blair & Co 13*
16*
Clairfield International
Deutsche Bank
10.8
-▲
0.0
0.0
Globalscope
16*
6
5 2
-
-
-
0.0
0.0 -
-
-
-25*
-
-
-
▼
25*
-
--
-97.2
-
-
-
25*
25* -
-
-25*
13
5.0
4.0
8*
7*
▲
30.0
27.3
▼
10.0
▼
0.0 0.0
0.0
0.0
0.0
0.0
0.9
0.0
-
-
▼
8*
0.0
0.0
25*
-
8*
19
-
23.3
9.1
23
-
-
25*
0.0
8.0
15.0
1.3
36.1
7
8
6
6
0
3
-10
17
7*
Rank
13*
21*
25*
UniCredit 4*
2* 6
Financial Advisor
1
Lincoln International
Rank
2*
16*
ACXIT Capital Partners
Deloitte
PricewaterhouseCoopers
KPMG
Ernst & Young LLP
MM6a - Undisclosed Values & Values up to US$50m
Rothschild & Co
▼
▼
-3
-8
US$m
# of
# of Deals per Advisor
2017
16*
11
12
2
27.8
10*
15
Deals
16*
0.0
37.0
8
4
37*
GCA Corp
First Half 2018 │ Small-Cap M&A Up To US$50m │ Financial Advisors
Alantra Partners SA
10*
Falkensteg GmbH
-
47*
Cooperatieve Rabobank UA
37*
9*
25*
Concentro Management AG
5
-
0.0
4*
10
12
0
1
48
0.0
6
7*
16*
16* 5
7
5
4
21* ▼
▲
▲
▲
▲
0.1
1.0
0.0
98*
3.0
2.5 20
1.0
1.0
41*
2
Centuros GmbH
-1Global M&A
goetzpartners Corp Finance
27*
100.0
▼
2018
20*
20*
2
27*
-7
3
27.8
85*
67.5
100.0
100.0
-
- --
245.8
24*
21*
100.0
0.4
-
2.2
45.1
87 100.0
100.0
100.0
100.0
100.0
100.0
3*
100.0
10*
3* 100.0
100.0
2018Advisor
40
German Involvement Small-Cap Rankings (MM6a)
Rank
3*
100.0
German Small-Cap M&A up to US$50m by Rank Value Range
52.4
1.0
▼
Change (%)
Imputed Fees (US$m) †
100.0
100.025*
47*
20*
85.712.0
1,350.4
20*
-5
# of Deals
-3
2
2
▼
4
2
5
7
8
▲
0.0
-5
-3
6
2
1
24.6
4
-
▲
3
4
▲
-13
Capitalmind
▲
Macquarie Group
Arma Partners LLP 27*
▼
37.0
25* -
-
0.0 -
8.5
0.0
Houlihan Lokey
20*
Baker Tilly International
16*
11
-2
61*
3
1,640.0
▲
1
-
Rank Value
-
8.0
25*
9.0
0.8
Raymond James Financial Inc
Industry Total 1,000
27*
3
25* 3
Morgan Stanley 27* 61*
▼
3
27* 61*
-153
Livingstone Partners
27* 5IMAP 3
3
▼
Ebner Stolz
27*
27* 13*
3
21*
▲
-1
0.0
▼ 15
28.5%
23.6%
11.3%
8.2%
7.0%
5.9%
5.0%
3.1%
2.7% 2.7% High Technology
Industrials
Real Estate
Healthcare
Financials
Materials
Energy and Power
Retail
Consumer Staples
Media and Entertainment
Consumer Products and Services
-
100
200
300
400
500
600
700
$0.0
$0.2
$0.4
$0.6
$0.8
$1.0
$1.2
$1.4
# o
f D
ea
ls
Rank V
alu
e (
US
$b)
US$0 - 10m US$10 - 20m US$20 - 30m US$30 - 40m US$40 - 50m # of Deals
9
http://banker.thomsonib.com/krizviHighlight
krizviClairfield
-
*tie
Source: Thomson Reuters
-0.0 20* - - - -
- - -
JP Morgan 28* 30* 1 -1 ▼ 0.0
▼ 0.0 0.0 20* - -
- - - - -
GCA Corp 28* 20* 1 -2
-
Cooperatieve Rabobank UA 28* - 1 1 ▲ 0.0 0.0 20*
0.0 20* - - - -
1.0 21* 100.0
Societe Generale 28* 20* 1 -2 ▼ 0.0
▲ 0.0 0.0 20* - -
- - - - -
Finint Corporate Advisors Srl 28* - 1 1
100.0
Goldman Sachs & Co 28* 30* 1 -1 ▼ 0.0 0.0 20*
14.7 12 - - 0.3 47*
- - -
Lucciola & Partners Srl 28* - 1 1 ▲ 18.1
▲ 0.0 0.0 20* - -
- - 1.0 21* 100.0
Mit Fin Spa 28* - 1 1
100.0
Krall & Co Inc 28* - 1 1 ▲ 0.0 0.0 20*
0.0 20* - - 1.0 21*
1.0 21* 100.0
Brera Advisory Spa 28* 17* 1 -3 ▼ 0.0
▲ 0.0 0.0 20* - -
- - - - -
CVM Capital Value Mgmt GmbH 28* - 1 1
100.0
Alantra Partners SA 28* 20* 1 -2 ▼ 0.0 0.0 20*
27.2 8* - - 0.4 44*
1.0 21* 100.0
London Bridge Capital 28* - 1 1 ▲ 33.6
▼ 0.0 0.0 20* - -
- - - - -
Spada Partners 28* 14* 1 -4
100.0
Long Term Partners SpA 28* - 1 1 ▲ 0.0 0.0 20*
0.0 20* - - 1.0 21*
1.0 21* 52.6
Arma Partners LLP 28* - 1 1 ▲ 0.0
▼ 0.0 0.0 20* - -
- - 0.4 44* 100.0
Ethica Corporate Finance SpA 28* 30* 1 -1
-
finnCap Ltd 28* - 1 1 ▲ 33.6 27.2 8*
0.0 20* - - - -
- - -
Credit Agricole CIB 28* - 1 1 ▲ 0.0
▲ 14.8 12.5 13 - -
- - - - -
CoveView Advisors 28* - 1 1
-
Bank of America Merrill Lynch 28* 41* 1 0 - 0.0 0.0 20*
0.0 20* - - - -
1.0 21* 100.0
AT Kearney Corporate Finance 28* - 1 1 ▲ 0.0
▲ 0.0 0.0 20* - -
- - - - -
Petsky Prunier LLC 28* - 1 1
Credit Suisse 28* 11* 1 -5 ▼ 0.0 0.0 20* - - 1.0 21* 100.0
MANGOLD FONDKOMISSION AB 28* - 1 1 ▲ 8.6 7.0 17 - - 0.2 51* 100.0
Cambon Partners 28* - 1 1 ▲ 0.0 0.0 20* - - 1.0 21* 100.0
Natixis 28* 41* 1 0 - 0.0
10.7 9.01- -ICCREA 28*
1 0 -
▼
-
1,443.2 1,196.1
2
Fees
39.0
0.0
0.0
22.8
MM7a - Undisclosed Values & Values up to US$50m
US$m
Jan 1 - Jun 30
1
20*
27.5
45.4
Rank Value
1.6
▼
7.0
0.5
155.1
-
3
Euro mil Change (%)
Rank Value
96.7
First Half 2018 │ Small-Cap M&A Up To US$50m │ Financial Advisors
0.0 -
Advisor ** Fee
254.1
Rank
Italian Small-Cap M&A up to US$50m by Rank Value Range
Italian Involvement Small-Cap Rankings (MM7a)
-
▲
2
0.0
0.0
▼
-
0.0
0.0
42.1
-
6.2 -66.818
10.2 15
-
-
-
-
-
▲ 19
▲
-
7*
8.5
▲ 21*
1
▲
1.0
23.0
18
-
-
1.9
-
0.0
-
-
-
14
20*
20*
20*
35.7 2168.4
-
11.0
-▲
0.2
-
2.0
1.0
100.0
- --
-
21*
166.2
HSBC Holdings PLC
19*
28*
-29
Houlihan Lokey 28* 41*
1
12
-
▲
20*
-
▲
-
- -
0.0
6*
19*
-
20*
-
20*
19
-
4*
2
0.0
▲
▼
2
-Banca Popolare Emilia Romagna
2
0.01 ▲ 20*0.0
16
1.0
- -
-24.6
-
1.0
14*
Italian Small-Cap M&A up to US$50m by Target Industry
100.0
https://www.thomsonone.com
1.0
-
21*
▼
1
14*-
Jan 1 - Jun 30
8*
Equita SIM SpA
Ernst & Young LLP
2
2018
3
Mediobanca
4*
KPMG
4*
10
Lazard
Kon SpA
Financial Advisor
10
Rank Value per Advisor
▲
▲
8* 1
7
1
2
8
-4
36.6
-
▼
0.0
▲
0.0
▼ 12.8
20*
7.4
20*
Rank
1.0
▲ 4
11
# of Deals
2.3
-
-
-
20*
0.0
12.3
0.0
2.0
2
5▲
3
▲
Banca IMI (Intesa Sanpaolo)
7
6
Rothschild & Co
UniCredit
4.1
-
-
▼
0.3
3.0
4.0
▲
23.0
2
20*
20
6
17*
4*
23
13
0.0
57.6
--
-
-
-63.7
20*
100.0
-
876.3
2.0
20*
† Imputed Fees shown are based on completed deal activity, whereas deal count & rank values are compiled based on announced deal activity.
4.0
4.0
47*
-
7*
-
4
6
7*
43
14*
54*
-
0.1
100.0
100.0
43.4
27.8
40.0
28.0
100.0
54.8
Exp (%)
12.5
87.2
100.0
100.0
34.0
85.7
51*
10*
-
** Fee exposure indicates each firm's mid-market fees from deals valued at up to US$50m as a percentage of its overall M&A fees in the relevant region.
39.2
-
100.021*
Imputed Fees (US$m) †
2018
1.7
Deals
13*
8*
12
13
10
41*
9
2
2
10
4
30*
-
14*
-
30*
13*
2017
Rank
Clairfield International
Fineurop SpA
11*
4
13*
4
7
20*
17*
19*
Cassiopea Partners
13*
Marketing Management Group Inc
11*
IMAP
19*
11*
BNP Paribas SA 13*
4
19*Klecha & Co
Oaklins (FKA M&A Intl Inc)
Leonardo & Co
Deloitte
AGS Consulting Co Ltd 19*
New Deal Advisors SpA 19*
13*
Arkios Italy SpA
Globalscope
19*
0.0
0.0
▲ 0.0
▲
0.0
0.0
0.0
▼
117.2
# of Deals per Advisor
# of
0.0
4
11
▼
-1
▲
-1
▲
-2
1
9
1 -
▲
21
14*
9
1
5.2
Change in
0
-9
3
-5
2
-1
616
8*
2
2
-
20*
0
-
0
▼
Lincoln International
2
2 1
37.845.2
29.8
27.2
-
0.0
4
-1
-
100.0
-6*
20* -
0.0
8*
5
0.0
0.0
20*
33.6
43.1
0.0
47.1
100.0
100.0
100.019* ▲
2
36.641*
0.0
Industry Total
-
100.0
21*
20
-
-
-
100.0
30.0
20*
1.4
0.0
21*
0.0 20*
2018
0.0
9
Unione di Banche Italiane Scpa
-
▼
Rank
PricewaterhouseCoopers
8*
3
30.5%
24.9%
16.0%
9.0%
6.6%
4.9%
2.8% 2.7% 2.6% Industrials
High Technology
Financials
Media and Entertainment
Healthcare
Retail
Real Estate
Consumer Products and Services
Energy and Power
-
50
100
150
200
250
300
350
400
$0.0
$0.2
$0.4
$0.6
$0.8
$1.0
$1.2
# o
f D
eals
Rank V
alu
e (
US
$b)
US$0 - 10m US$10 - 20m US$20 - 30m US$30 - 40m US$40 - 50m # of Deals
10
http://banker.thomsonib.com/krizviHighlight
krizviClairfield
-
*tie
Source: Thomson Reuters
- - -- 0.0 0.0 9* - -
- - - - -
Bank of America Merrill Lynch 23* 32* 1 0
100.0
Societe Generale 23* 18* 1 -2 ▼ 0.0 0.0 9*
0.0 9* - - 1.0 18*
1.0 18* 100.0
Fidentiis Equities SV SA 23* - 1 1 ▲ 0.0
▲ 0.0 0.0 9* - -
- - 1.0 18* 100.0
Translink Corporate Finance 23* - 1 1
100.0
Quarton International 23* - 1 1 ▲ 0.0 0.0 9*
0.0 9* - - 1.0 18*
1.0 18* 100.0
Retail Partners Europe Ltd 23* - 1 1 ▲ 0.0
▲ 0.0 0.0 9* - -
- - - - -
KBS Corporate Sales Ltd 23* - 1 1
69.0
HSBC Holdings PLC 23* - 1 1 ▲ 0.0 0.0 9*
0.0 9* - - 2.0 8*
1.0 18* 100.0
Lazard 23* 24* 1 -1 ▼ 0.0
▲ 0.0 0.0 9* - -
- - - - -
IMAP Lynx 23* - 1 1
100.0
Globalscope 23* - 1 1 ▲ 0.0 0.0 9*
0.0 9* - - 1.0 18*
- - -
Ferber & Co GmbH 23* - 1 1 ▲ 0.0
▼ 0.0 0.0 9* - -
- - - - -
Citi 23* 10* 1 -4
-
Global M&A 23* 32* 1 0 - 0.0 0.0 9*
0.0 9* - - - -
- - -
UniCredit 23* - 1 1 ▲ 0.0
▼ 0.0 0.0 9* - -
- - - - -
Norgestion 23* 10* 1 -4
BBVA 23* 6 1 -8 ▼ 0.0 0.0 9*
1.8
- -
1.0 18* 100.0
- - --
0.0 0.0 9* - -
-
0.0 0.0 9* - -
0.0
1 -2
BNP Paribas SA
0.0 9* -
9* -0.0
GBS Finanzas SA 118*
2
Houlihan Lokey 23* 24* 1
16*
23* 10* 1 -4
▼
0.0
2
Morgan Stanley 23*
** Fee exposure indicates each firm's mid-market fees from deals valued at up to US$50m as a percentage of its overall M&A fees in the relevant region.
7
0.0▲ -
▲
0.6▲
▲
18*
-
-
-
- 8*
1.0
Jan 1 - Jun 30
16*
1 0.0
1
23* 1-
-
23*
1
Spanish Small-Cap M&A up to US$50m by Target Industry-2▼
▼
68.5
▼
2 ▲
--
0
▼
-
-1
https://www.thomsonone.com
24*
Nomura
Danske Bank
IMAP
RSM Corporate Fin LLP
23*
Barclays
† Imputed Fees shown are based on completed deal activity, whereas deal count & rank values are compiled based on announced deal activity.
INFUPA SA
23*
Evercore Partners
Greenhill & Co, LLC
2
2 -1
16* 32*
DNB ASA
16* -
Deutsche Bank
16*
2
Banco de Sabadell 23*
16*
16* -
-
24* 1
Goldman Sachs & Co 9*
2
3
1
Alantra Partners SA 9*
24*
Deloitte
24
# of
Ernst & Young LLP
Rank # of Deals
8*
2
16
4
22
3
▼
7
# of Deals per Advisor
9*
6
2017Rank Value
Exp (%)US$m Euro mil
Spanish Small-Cap M&A up to US$50m by Rank Value Range
34.0
3.0 42.9
** Fee
Change (%)
4
▲
4.2
Fees
54.4
84.2
42.0
2018
-
3
▼
3
3
10*
8*
4
1
3
15*
18*
32*
20.5
0.7
0.0
5
3
0
2 ▲
▲
4
0.0
0.0
0.0
1
-
-2
▼-1
0.0
▼
7*
5
Oaklins (FKA M&A Intl Inc)
9*Clearwater International
9*
Clairfield International
UBS
9*
9*
Lincoln International
Rothschild & Co
KPMG
CFI
4
7*
9*
Santander Global Corporate Bnk
-5
0.0
0.03
51.1
Spanish Involvement Small-Cap Rankings (MM8a)
Advisor
2
Rank
391.4 ▲
17-67.1
38▲
1.2▼
2
-
-
-
-
-
16.5
1
Rank
27.0
2
-
-
9*
5
36.73
-
-
-
9* -
-
-42.7
-
1
41.4
3*
-
100.0
85.7
Imputed Fees (US$m) †
-
100.0
-
100.0
3*
13* 23.7
100.0
8*
100.0
0.0
100.03.0
100.0
100.0
43.5
-
- -
-
0.0
9*
- -
100.018*
0.0 13*
15
-
100.0
-
1.0
92.3
1.8
9*
-
9*
- -
2.0
-
--
1.0
-
-
-
18*
-
0.0
3.0
-
-
9*
1.5
9*
-
2.4
0.0
1 30
2017
Rank Value per Advisor
Eurohold SL
Rank
PricewaterhouseCoopers
3
Financial Advisor
62.9
Change in
▼
24.1
-
-
2.0
0.0
6.1
2.0
-
0.0
-181
100.0
69.08*
-10
Deals
▼
▼
3
MM8a - Undisclosed Values & Values up to US$50m
6
Rank Value
-13
8
1
-
0.0
0.0
-
-
-
0.0
▲
0.0
0.0
0.2
-
24*
0.0
▲
▲
▼
9*0.0
-
7
-0.0
-
-
2.0
-
-
-
-
-
-
18*
-
37.1
0.0
0.0
▲
▲
0.0
0.0 9*
9*
9*
0.0
44.6
7
▲ 0.0
2018
28.0
First Half 2018 │ Small-Cap M&A Up To US$50m │ Financial Advisors
10
0.0
0.3
▲
18*
2
0.0
9* -
9*
-
Industry Total 509
0.0
0.0
9* -
0.0
873.8
-9*0.0
-
32* 1
2
32* 1 0
0.7
8*
3*
31.0
-
9*
Jan 1 - Jun 30
-
-
-96.1
9*
-
0 -
2
▼
2
0
32*
-61 1,054.8
17.4%
14.1%
11.9%
11.4%
9.1%
8.8%
7.6%
5.9%
4.9%
3.7% 2.9% 2.3%
Healthcare
Real Estate
Financials
Industrials
Materials
High Technology
Consumer Products and Services
Energy and Power
Retail
Telecommunications
Consumer Staples
Media and Entertainment
-
50
100
150
200
250
300
350
$0.0
$0.2
$0.4
$0.6
$0.8
$1.0
$1.2
# o
f D
eals
Rank V
alu
e (
US
$b)
US$0 - 10m US$10 - 20m US$20 - 30m US$30 - 40m US$40 - 50m # of Deals
11
http://banker.thomsonib.com/krizviHighlight
krizviClairfield
-
*tie
Source: Thomson Reuters
- -0.0 0.0 24* - - -Goldman Sachs & Co 21* 25* 3 0 -
1 204.5 ▲ 0.8 59* 30.8
9* 100.0
Handelsbanken Capital Markets 21* 11* 3 -5 ▼ 74.3 61.3
0.0 0.0 24* - - 3.0UB Capital Oy 21* - 3 3 ▲
Credit Suisse 21* 22* 3 -1 ▼ 33.9 27.5 10 121.6 ▲ - - -
Grant Thornton 21* 25* 3 0 - 0.0 0.0 24* - - 0.3 62* 100.0
KBS Corporate Sales Ltd 21* - 3 3 ▲ 6.1 5.2 20 - - 2.2 12 100.0
Valentum Partners AB 21* 34* 3 1 ▲ 0.0 0.0 24* - - 3.0 9* 100.0
-24*
▼-1051,021
34*
34*
10
8
-
Change (%)
-
-
-
24*
24*
-
-
** Fee
Rank
-
Nordic Small-Cap M&A up to US$50m by Target Industry
https://www.thomsonone.com
25*
13*
JP Morgan
Advium Corporate Finance
13*
Clearwater International
21*
13*
Lazard
13*
Global M&A 3
Citi
4
Morgan Stanley
13* 48*
25*
48*13*
7*
10* 5
5
DNB ASA
ABG Sundal Collier 13* 15* 4
MM9a - Undisclosed Values & Values up to US$50m
202*
Deloitte 10* 17*
Rothschild & Co 69
5
Nordic Small-Cap M&A up to US$50m by Rank Value Range
Oaklins (FKA M&A Intl Inc)
Carnegie 8 13*
SEB 13*
Danske Bank 10* 5
22*
4
4
24*
Nordic Involvement Small-Cap Rankings (MM9a)
100.0
1.3
2.0
0.3
-
28*
-
8.0
8
-
4
-
2
30.0
0.0
▼
0.0
-
13*
-
Jan 1 - Jun 30
13*
-
100.0
51.6
189.8
50.0
-
100.0
2*
-
6.0
1.0
180.2
54.7
▼ 100.0
66.7
▲
33.6
8.0
0.0
38.5
0.0
0.0
44.92,500.2 -12.1
1
0.0
40.1
0.0
0.0
0.0
▲
-5
0.0
-12
1
-2
▲
▼
0.0
0.0
0.0
24*
24*
24*
24*
0.0
13.4
0.0
0.0
▲
7
66.0
16.4
0.0
97 11*
▼
0.0
2
▲
-0.0 24*
US$m
▼
16
31.5
▼
1
** Fee exposure indicates each firm's mid-market fees from deals valued at up to US$50m as a percentage of its overall M&A fees in the relevant region.
Industry Total 2,068.3 ▼
-
▲14
2017
0
3
4
4
4
13*
-0
-3
3
▲
IMAP
KPMG
7*
▲
2 ▲
▼
-2
▲1
6
Rank Deals
4* 4
Rank
100.0
1.3
Euro mil
2018
35.3
# of Deals
Rank Value
1
▼ 9 ▼-54.8
2018
100.0
1
23
1.2
# of
18 1.4
Rank
2▲
-4
0.0
Exp (%)
Change in Advisor
100.0
17.0
28.7
Clairfield International
PricewaterhouseCoopers
12
-3
4*
3 1725*
14
414
▼
80.8
-
36.1
4.0
24*
162.1
14
2018
27
First Half 2018 │ Small-Cap M&A Up To US$50m │ Financial Advisors
Fees
24.9
Rank Value
Jan 1 - Jun 30
Rank Value per Advisor
Financial Advisor
24*
-
Translink Corporate Finance
Ernst & Young LLP
-1
-
2.0
-
-
-
8
-
4
▲
6.3
57.4
62*
-
-
- -
-
▼
64.6
-
158.4
2*
-
-
-
-
3.0
-
-
6
-
▲
24*
-54.9
3
5
-
-
▲
-
-
-
-
5
7.0
100.0
-
36.1
Imputed Fees (US$m) †
9*
-
-
-
24*
4
57.7 49.1
66.6
0.0
54.0
# of Deals per Advisor
0.0
20.3
-4
2*
† Imputed Fees shown are based on completed deal activity, whereas deal count & rank values are compiled based on announced deal activity.
6
70.6
35.8
16.4%
13.7%
13.3%
12.1%
9.3%
9.1%
7.2%
5.7%
5.7%
3.8% 3.7% Industrials
Consumer Products and Services
High Technology
Real Estate
Healthcare
Media and Entertainment
Telecommunications
Energy and Power
Materials
Retail
Consumer Staples
-
100
200
300
400
500
600
700
800
$0.0
$0.2
$0.4
$0.6
$0.8
$1.0
$1.2
$1.4
$1.6
$1.8
# o
f D
eals
Ra
nk V
alu
e (
US
$b
)
US$0 - 10m US$10 - 20m US$20 - 30m US$30 - 40m US$40 - 50m # of Deals
12
http://banker.thomsonib.com/krizviHighlight
krizviClairfield
-
*tie
25* - - 1.0 38* 100.0
19* 100.0
GCA Corp 30* 30* 3 1 ▲ 0.0 0.0
0.0 0.0 25* - - 2.0Banque Degroof Petercam SA 30* 30* 3 1 ▲
25* - - - - -
- -
Jefferies LLC 30* - 3 3 ▲ 0.0 0.0
0.0 0.0 25* - - -Bank of America Merrill Lynch 30* - 3 3 ▲
25* - - 2.0 19* 100.0Livingstone Partners 30* - 3 3 ▲ 0.0 0.0
0.0
33.9
0.0
- - -
-
- 1.0
-
38* 100.0
35
25*
- -
-
- -
- - 3.0
25* -
0.0
0.0
0.0
25*
0.0 0.0 25*
8*
1.0-0.0
-
0.0
0.0
- 1.8
6.0
38* 100.0
25* -
19* 6.1
0.2 85* 1.1
61.9
2.2
6.0 8*
- -
72.3
5.518
--
0.0 0.0 - -
5.2 4.2 22
BNP Paribas SA 30* 55* 3 2 ▲
BBVA 30* - 3 3 ▲
Deutsche Bank 30* 55* 3 2 ▲
Goldman Sachs & Co 21* 18* 4 -1 ▼
William Blair & Co 21* 30* 4 2 ▲
Alantra Partners SA 21* 23* 4 1 ▲
Macquarie Group 21* 30* 4 2 ▲
Credit Suisse 21* 30* 4 2 ▲
Citi 21* 23* 4 1
Morgan Stanley 21* 55* 3
4
7
2 7
8
23*
Deals
30* 4
10*
7*
9*
-
10
- -
Benelux Small-Cap M&A up to US$50m by Rank Value Range
100.0
25*
Jan 1 - Jun 30
-
18
3.0
- -
25*
25* -
-
-77.2 ▼
-
16*
12.0
-
100.0
-
UBS 20
† Imputed Fees shown are based on completed deal activity, whereas deal count & rank values are compiled based on announced deal activity.
4
Jan 1 - Jun 30
▲
0.0
Benelux Small-Cap M&A up to US$50m by Target Industry
100.0
https://www.thomsonone.com
47.6
5
1
▼
-4
10
7
9
7*
9*
9
12
# of Deals
4
17
20
-2
13
8
10
9
-
25*
-
97.7
▼
527.5
Rank Value
6
▲
▲
▼
▼
2
# of Deals per Advisor
Rank
10
6
# of
-15
-2
10 6*
100.0
18.2
3
20.5
Change in
-9
▼
25.7
100.0
100.0
** Fee
100.0
52.4
Imputed Fees (US$m) †
28.8
Rank
3 60.6
Rank Value per Advisor
Benelux Involvement Small-Cap Rankings (MM10a)
--
11
-
86.4
0.8
6*25*0.0
-
-
▲
-
-
-
0.0
-0.0
4.8
2018
Euro mil
21*
7
0.0
5.7
1*
▼
-16
4
8
5
0.0
0.0
25*
-
0.0
11
15*
Source: Thomson Reuters
-4
1
-1
2017
** Fee exposure indicates each firm's mid-market fees from deals valued at up to US$50m as a percentage of its overall M&A fees in the relevant region.
21.9
14.0
▲
▲
▼
▲
25*
20
0.0
13.7
6 4
201*
Oaklins (FKA M&A Intl Inc) 3
Cooperatieve Rabobank UA
MM10a - Undisclosed Values & Values up to US$50m
US$m
3 ▼
▼
PricewaterhouseCoopers 10*
ING
Financial Advisor
4*
4*
4*
Lazard
8*
8*
4*
Lincoln International 14*
14*
JP Morgan
RBS
Baker Tilly International 10*
Globalscope
IMAP 14*
14*
18*
Clairfield International
55*
21*
-
▲
▲
6
30*
Houlihan Lokey 21* 55*
Barclays
5
0.0
-4
0.0
▲
3
▼
8
▲
0.0
24.7
10*
0.0
24.7
11.3
Deloitte
Kon SpA
Ernst & Young LLP
BDO
KPMG
Rothschild & Co
20.0
-73.3
16
0.0
Change (%)
0.0
11.2
-
-
-76.0
▲
▼
▼
4
0.0
0.0
11.4
0.0
9.3
▲
▲
0.0
25*
25*
0.0
25*
8
25*
0.0 -
8.0
10.0
0.0
0.0
15
25*
0.0
16.5
17.6
0.0
2
25*
25*0.0 -
-
0.1
17.0
Fees
▼
7.0
-
2018
25*
6
First Half 2018 │ Small-Cap M&A Up To US$50m │ Financial Advisors
13.00.0
2018
-
-68.2
-
▼
▼
-
-54.4
-
1.5 36
1.1
-
- -
Rank
-
100.0
Exp (%)
100.0
100.0
40.3
100.0
37
75*
1
740.9
0.8
Advisor
-
8*
4
90*
-
6.0
7.0
5
-
100.0
75*
-
5.4
-
-
-13.4
Rank Value
Industry Total 851
-11
Rank
-99
-
▼
100.0
0.0 0.0 25*
0.0
- 2.0
252.7
- 2.0
1* -
19* 15.5
38.8
Capitalmind
1,642.82,000.5
18* 11 6 -5 ▼
16*
18.5%
14.4%
14.1%
10.2%
8.0%
7.8%
7.0%
6.8%
5.0%
4.6% 2.5% Industrials
Real Estate
High Technology
Consumer Products and Services
Financials
Media and Entertainment
Materials
Retail
Healthcare
Consumer Staples
Energy and Power
Telecommunications
-
100
200
300
400
500
600
$0.0
$0.2
$0.4
$0.6
$0.8
$1.0
$1.2
$1.4
$1.6
$1.8
# o
f D
eals
Ra
nk V
alu
e (
US
$b
)
US$0 - 10m US$10 - 20m US$20 - 30m US$30 - 40m US$40 - 50m # of Deals
13
http://banker.thomsonib.com/krizviHighlight
krizviClairfield
-
*tie
Source: Thomson Reuters
- - -- 0.0 0.0 17* - -
- - - - -
JP Morgan 11* 14* 2 0
- -
Lazard 11* 19* 2 1 ▲ 0.0 0.0
0.0 0.0 17* - - -Goldman Sachs & Co 11* - 2 2 ▲
1,040 -508
▲
97.9
21* 100.0
2.0 5*2 ▲
54.9
LionTree Advisors LLC 11* - 2
2
Industry Total
2
HSBC Holdings PLC 11* - 2
Eastern European Small-Cap M&A up to US$50m by Rank Value Range
9.0
-
-
17*
-
17*
-
1
** Fee
▼
11.0
7
▲
0.0
47.2
-
0.0
-
17*
-
▼
CMT Advisory Sp zoo 11* -
- -
** Fee exposure indicates each firm's mid-market fees from deals valued at up to US$50m as a percentage of its overall M&A fees in the relevant region.
0.0
MM16a - Undisclosed Values & Values up to US$50m
10*
Deals
23*
Euro mil
-
# of Deals
-
-2
Eastern European Small-Cap M&A up to US$50m by Target Industry Jan 1 - Jun 30
-
-
8.7
7*
-
2
47.2
2
0.0
0.0
Eastern Europe Involvement Small-Cap Rankings (MM16a)
Fees
Clairfield International 11*
-
Rank
21.5
-24.5
-
-
-
-
2*
17*
17*
17*
0.0
Rank Value
11
11*
▲
2
0.0
57.9
▲Citi
Advisor
▼
▼
1.0
- -
0.7
-
1,470.4
-
-
17*
-
-
-
-
-
-
0.7
1,784.6
100.0
100.0-
17*
-
https://www.thomsonone.com
-15
-4
6
1
3
9
3
5
7*
3
3
14*
-
# of Deals per Advisor
RankFinancial Advisor Rank
IMAP
▼
2018 2017
4
-152
▼
▼
# of
-9
0.0
4
▼
▲
-1
0
57.9
10
3
6
42.4
57.9
41.349.5
25.5
49.5
0.0
▲
▲
47.2
52.2
2
▲
Akis Bagimsiz Denetim ve
Morgan Stanley
-
UBS
-
2
2
2
-
11*
-
1*
Globalscope
10*
19*
1
3
7*
Blackwood Capital Pty Ltd
Rothschild & Co
Credit Suisse
11*
5*
5*
Barclays
7*CFI
11*
7*
11*
Equity Advisors Sp zoo sk
Mediobanca
7*
1*
KPMG
4
11*
Oaklins (FKA M&A Intl Inc)
Deloitte
3
0.0
2018
7.0
8.7
0.0
33.9
13.3
Rank Value per Advisor
10.4
10
14 -
-64.5
15
17*
0.0
60.9
5
2*
17*
0.0
2*
0.0
0.0
1
-
-
100.0
100.0
0.3
33.2
1.0
-
-
▲
0.5
-
First Half 2018 │ Small-Cap M&A Up To US$50m │ Financial Advisors
-
-
21*
-
-
100.0
100.0
-
100.0
-
100.0
-
-
-
-
100.0
2018
-
7*
-
Rank
25
-
-
Change (%)
-
0.0
0.0
27.5
Rank Value
US$m
Jan 1 - Jun 30
Exp (%)
4- 3.0
† Imputed Fees shown are based on completed deal activity, whereas deal count & rank values are compiled based on announced deal activity.
-
-
-
-
40.3 ▲ -
▼
-
0.0
2
2
2
-5
3
3
4
2
Change in
▲
▲
▼
▲
-
-
2075.0
-
-
-
-
10 -
Imputed Fees (US$m) †
2
2
17.7%
17.1%
15.7% 11.2%
9.2%
7.2%
7.0%
4.3%
4.0%
3.1%
Financials
Materials
Industrials
Media and Entertainment
Energy and Power
Real Estate
Consumer Staples
Consumer Products and Services
High Technology
Healthcare
Retail
Telecommunications
-
200
400
600
800
1,000
1,200
1,400
1,600
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
# o
f D
eals
Ra
nk V
alu
e (
US
$b
)
US$0 - 10m US$10 - 20m US$20 - 30m US$30 - 40m US$40 - 50m # of Deals
14
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