Finsbury holds on to lead position in July Deal Watch

Finsbury has consolidated its position as the adviser on the biggest deals of the month in the UK M&A PR league according to the latest Deal Watch figures.

The firm worked on deals worth £5.3bn last month, a £2.1bn increase on the value of the deals it advised on in June, although still shy of the £6bn of work with which the firm beat previous high-ranker Brunswick in May.

Brunswick and Finsbury benefited from advising on some of the largest deals during what was an otherwise relatively quiet month.

Finsbury worked as adviser to Laragrove Ltd on its £1.5bn bid for Debenhams, the second largest deal in the month of July.

Brunswick helped Barclays Bank on its £789m acquisition of Spanish bank Banco Zaragozano.

Although Debenhams recommended Laragrove’s cash offer of 425p per share backed by Permira, the department store has also said that it is considering a bid from a rival consortium, made up of CVC Capital Partners and Texas Pacific Group.

The Banco Zaragozano takeover makes Barclays the sixth largest bank in Spain.

Only two of the deals that Finsbury advised on were worth more than £1bn, while Brunswick has moved back into second place, having secured work on deals worth a total of £3.1bn, pushing last month’s challenger Hogarth Partnership back to the lower end of the top ten advisers.

Finsbury advised on six of last months’s top 20 deals by value, including the £1bn public offering of a stake in United Utilities.

Brunswick managed to work on four of the month’s 20 largest deals, another of which was advising Selfridges on Oxford Acquisitions’s buy-out of the upmarket department store company.

Citigate Dewe Rogerson’s work advising directories group Yell on its delayed £1.3bn initial pubic offering has helped propel the firm straight into third position after a two-month absence from the league table. The firm closed more than £2.3bn worth of business in July.

Citigate’s advance in July was Tulchan Communications’s loss, as the firm dropped from third position in June to fifth place, working on deals worth just £2bn in July – £600m less than in the previous month.

Financial Dynamics holds fourth position, working on deals of just over £2bn – a modest £200m increase.

Tulchan Communications also took a hit last month, bringing in £500m less than it did in June and slipping down the table from third place to fifth.

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Latest Articles

John Lewis to tell brand story with "tasteful" 150th anniversary celebrations

John Lewis to tell brand story with "tasteful" 150th anniversary celebrations

Department store John Lewis is to use its 150th anniversary this year to talk about its history, which "not enough people know about", according to director of communications Peter Cross.

Labour hires Obama election strategist David Axelrod to fight General Election

Labour hires Obama election strategist David Axelrod to fight General Election

The man who helped Barack Obama win the 2008 and 2012 US presidential elections is to work for Labour along with members of his team.

Sky adds Fever PR to its roster after splitting with Cake

Sky adds Fever PR to its roster after splitting with Cake

Pay-TV giant Sky has added Fever PR to its agency line-up for a wide-ranging brief covering products and services.

Max Clifford trial jury to continue deliberations after Easter break

Max Clifford trial jury to continue deliberations after Easter break

The jury in the trial of celebrity publicist Max Clifford has been sent home for Easter and will reconvene on Tuesday for further deliberations about its verdicts on 11 charges of indecent assault.

Home Office brings in Munro & Forster to campaign against FGM

Home Office brings in Munro & Forster to campaign against FGM

The Home Office has tasked Munro & Forster (M&F) with supporting its campaign to eradicate female genital mutilation (FGM) as part of a wider retained brief.