Merlin tops Deal Watch in high-volume month

Merlin Financial Communications has leapt straight to the top spot of the latest month’s Deal Watch table on work secured at LNM Holdings on Ispat International’s acquisition of the company to form Mittal Steel Company.

The £7.2bn acquisition was the biggest deal to close in October, a month that saw several PR companies make it to the top ten by deal volume for the first time in several months.

Brunswick took second place after its US office advised RusAl on Millhouse Capital UK’s £1.3bn buy-out of the company. Financial Dynamics held its fourth place position with work advising Warner Chilcott during its £1.6bn acquisition by Waren Acquisition, while Finsbury took third position after a two month absence from the table’s top ten.

Finsbury, which was top of June’s Deal Watch table, advised Centrica on the Automobile Association’s £1.7bn sale to a private equity vehicle backed by CVC Capital Partners and Permira.

While The Maitland Consultancy was the biggest faller, in eighth place after topping the previous month’s table, the agency was still busy advising venture capital client 3i on its £525m sale of Westminster Healthcare to Barchester Healthcare.

Deal volume rose £9bn in October to £25.2bn as the market rushes to close deals before the year end.

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