Dealwatch: Finsbury and Citigate top table as deal values drop

Finsbury leapt from third to first in April's Deal Watch but saw the value of deals dip in a month that failed to match March's heights.

Finsbury advised Vodafone on the sale of its Japanese arm to Softbank for £8.7bn. The successful disposal was one of six deals for the agency.

In second place, but with three more deals, was Citigate. The firm's elevated position, a marked improvement from last month's top ten no-show, was augmented by work for Airport Development and Investment on its £8.75bn bid for British Airports Authority. Citigate also advised Yell Group on its £2.3bn buy of Spanish firm Telefonica.

Brunswick, third, represented BAA over the aforementioned bid. It rose a place from March, but was £3bn down on overall deal value and was involved in six fewer deals, reflecting the general downturn in April.

Falling to fourth was Hudson Sandler, which advised Telefonica in the Yell deal, edging it ahead of Cardew Group, which rose from eighth to fifth. Cardew counselled BC Capital Partners on the sale of General Healthcare Group to a consortium for £2.2bn.

Maitland, last month's top-ranked firm, worked on three more deals in April than in March, but none significant enough for it to retain top spot. Maitland's largest deal was HgCapital's £322m bid for Duke Street Capital's Paragon Healthcare Group in the first week of April.

Tulchan Communications worked with Foster's Group on the £309m sale of part of the lager brand to Scottish & Newcastle, giving it seventh spot in the table.

Buchanan Communications, and new entries Equus Group and The Hogarth Partnership, rounded off the top ten.

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