NEW YORK: Brunswick Group maintained its value leadership in mergermarket's Q3 league tables of North American M&A advisers, tallying a total of 72 deals worth $187.9 billion in the first nine months of 2006.
Kekst and Company was second in value, with $165.3 billion, and first in the number of deals represented since the beginning of 2006 with 98. Rounding out the top five, based on value, was Joele Frank Wilkinson ($164.4 billion), Citigate Sard Verbinnen ($145.8 billion), and Abernathy MacGregor ($104.3 billion). No other firm's value of deals topped $100 billion.
Two of the top five deals this year occurred in this quarter: a number of private equity firms buying Kinder Morgan for $27 billion and a number of firms buying HCA for $33 billion. Joele Frank was the only firm advising on both, thus vaulting from fourth (in Q2) to third in aggregate deal value. Its 2006 total value of deals advised is up 266% from the same period in 2005. M&A numbers for Q3 2006 were the highest than any Q3 period since 2003.