Joele Frank leads US M&A work

NEW YORK: Work on a high-profile acquisition bid by CenturyLink has propelled Joele Frank to the top of Mergermarket's Q2 US deal tables.

NEW YORK: Work on a high-profile acquisition bid by CenturyLink has propelled Joele Frank to the top of Mergermarket's Q2 US deal tables.

The specialist financial agency - full name Joele Frank, Wilkinson Brimmer Katcher - took top US spot in the latest Mergermarket League of Tables of PR Advisors after working on the largest M&A deal in the second quarter of 2010: CenturyLink's $22.2 billion bid for Qwest Communications.

For the first half of 2010, Joele Frank worked on 39 deals worth almost $77 billion, rising from fourth place in the first half of 2009. Kekst & Co. was top US M&A agency in terms of volume, with 46 deals worth $63 billion.

Globally, Brunswick Group was once again top agency in terms of value, with $80 billion and 79 deals. FD worked on 92 deals globally, worth $78 billion, topping the global list for volume.

M&A activity in the US dropped 15.5% to $331.2 billion in the first half of 2010 compared to the first half of 2009, but the deal count was up 19.4%. Meanwhile, global M&A activity by volume was up 7.8% to $881 billion in the first half, and the number of global deals also increased, by 13.3%.

Cross-border deals added to the increase in global M&A, as it made up 25.6% of global M&A activity, the highest percentage since the first half of 2008.

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