Advising on four deals worth more than £3.2bn last month, total deal value was lower than the previous month, when Finsbury leapt to the top slot for the first time in nine months, having advised on ten deals worth almost £6bn (PRWeek, 5 June).
This month’s top two agencies by deal value benefited from Europe’s largest leveraged buy-out – of Italy’s telephone directories business Seat Pagine Gialle, by a consortium of four private equity houses.
The £2.6bn deal saw Finsbury advise Permira Private Equity, while second-placed Hogarth Partnership worked for CVC Capital Partners.
Hogarth advised on three deals this month worth almost £3bn. The firm also advised Nikko Principal Investments in the £275m acquisition of Amey by Ferrovial Servicios.
The £860m sale of the company that makes polystyrene boxes for burger chains and crates for Harley Davidson motorcycles – Linpac – by its owners, the Cornish family, helped Tulchan Communications into third place.
Tulchan advised the eventually successful bidder Montagu Private Equity.
In total, Tulchan advised on seven deals worth more than £2.6bn, according to the data produced exclusively for PRWeek by M&A information database Zephyr.
Finsbury also worked on the month’s fifth largest deal, advising British security company Chubb when it was acquired by US conglomerate United Technologies for £622m.
The first deal by City financier Guy Hands since he set up private equity firm Terra Firma Capital Partners last year was advised on by Financial Dynamics, which came fourth in the league, produced according to publicised deals involving at least one UK company.
FD advised Terra Firma on its £315m acquisition of the UK’s largest waste disposal firm, Waste Recycling Group.
Meanwhile, in a deal that was not included in the chart due to timing, Brunswick Group advised the European stock exchange group Euronext on its 2.1bn euros merger with clearing house ClearNet.
The newly created firm, to be headed by incoming chief executive David Hardy and deputy chief executive Patrice Renault, will be branded LCH.ClearNet, headquartered in London. Euronext comprises the equity and derivatives markets of Paris, Brussels, Lisbon and Amsterdam.