NEW YORK: Brunswick Group advised on M&A deals worth $32.5 billion in total in the first quarter of 2012, ranking it first in the US in the Mergermarket League Tables of PR Advisers.
Brunswick worked on 21 US deals in Q1. The agency was followed by Sard Verbinnen & Co., which worked on 20 deals worth nearly $30 billion, and Kekst and Company, which advised on 28 deals worth $18.5 billion. Joelle Frank Wilkinson Brimmer Katcher and Abernathy MacGregor group rounded out the top five US M&A advisers in terms of value.
Ranked by deal volume, Kekst and Company led the pack with 28 US deals worked on in Q1, followed by Brunswick and Sard Verbinnen with 21 and 20, respectively. Abernathy MacGregor and Joele Frank Wilkinson Brimmer Katcher finished fourth and fifth in terms of US deal volume in Q1.
The global M&A market was down 30.6% in Q1 to $419.3 billion, its fifth consecutive quarterly decline. In the US, the M&A market was $114.3 billion in the first quarter, down 53.8% compared with the prior year.
“The recipe for a good, solid M&A environment is a good economy. Unfortunately, the global economy is in a state of disarray, and with the economy in the US in particular, the recovery is much slower than anticipated,” said Amanda Levin, editor at Mergermarket. “It is not surprising at all that M&A activity was down by so much compared with last year…many deals were delayed or came to a screeching halt due to the uncertainty of the economy.”
Ranked by value on a global basis, RLM Finsbury finished first, working on $89.9 billion in deals in Q1. Aura Financial and Stockwell Communications finished tied for second, with $53.5 billion in deals, and Brunswick and Sard Verbinnen rounded out the top five.
However, Brunswick ranked first globally in terms of deal volume, working on 41 during the period. FTI Consulting advised on 33 deals, while Kekst worked on 28. RLM Finsbury and Sard Verbinnen were the fourth- and fifth-most-active advisers on a global basis in the first quarter.