Kekst leads mergermarket first quarter results

NEW YORK: Kekst & Company beat out all competing M&A PR firms in North America by a wide margin in the first quarter, according to mergermarket's newly released league tables.

NEW YORK: Kekst & Company beat out all competing M&A PR firms in North America by a wide margin in the first quarter, according to mergermarket's newly released league tables.

Kekst finished the quarter with 35 deals worth a combined $94.9 billion, putting it in first place in both value and volume of deals.

Owen Blicksilver PR finished second in value with $52.8 billion, followed by Joele Frank Wilkinson Brimmer Katcher, Sard Verbinnen & Co., and Brunswick Group.

Brunswick placed second in volume with 26 deals, followed by Sard, Abernathy MacGregor, and Joele Frank.

Kekst's value was buoyed by its work on the $44 billion buyout of Texas energy firm TXU, the biggest private equity deal of the year so far. Blicksilver PR also worked on that deal.

The overall M&A market remained strong. Total deal value in the first quarter was $408.8 billion, a 19% increase over the first quarter of 2006. The energy sector, aided by the TXU deal, made up the greatest proportion of M&A value at 21.2%, narrowly edging consumer sector deals.

In deal volume, the industrial/ manufacturing sector led at 17.5%, followed by the technology, financial services, business services, and consumer sectors.

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