Scottish Power approach boosts Cardew and CDR

Cardew Group surged to the top of the final Deal Watch table of 2006 on account of its work advising Scottish Power.

The electricity company looks set to be the latest major British company to fall into foreign hands. Spanish utility firm Iberdrola SA is using Citigate Dewe Rogerson for its £11.6bn approach for the firm.

The deal pushes the latter agency to second in November's table.

In third spot sits Financial Dynamics, whose headline deal was insurance company Aviva's purchase of life insurer AmerUs for nearly £2bn. The deal looked set to go through earlier in the summer, but was held up by minor legal issues.

Finsbury - top of the Deal Watch table in September (PRWeek, 6 October) and October (PRWeek, 10 November) - slipped to fourth this time around. But the agency helped to see off another advance for client the London Stock Exchange. Nasdaq used Gavin Anderson (sixth in the table, below) for its £2.9bn approach.

In fifth place, down one from last month, was Brunswick, which advised West End property firm London Merchant Securities through its £1.5bn sale to rival Derwent Valley Holdings (PRWeek, 24 November).

Equus Group made a rare Deal Watch appearance in seventh spot. The agency advised private equity group Duke Street Capital as it offloaded health and fitness chain Esporta to the Halabi family for £460m.

Maitland (eighth) was the only other agency to break the £1bn barrier as the City embarked on its usual end-of-year slowdown.

DEAL WATCH - November 2006 Rankings

01. Cardew Group, 5 (No. of Deals) - 11,961 (Deal Value £m)

02. Citigate Dewe Rogerson, 10 - 11,758

03. Financial Dynamics, 22 - 6,334

04. Finsbury, 7 - 5,559

05. Brunswick Group, 14 - 4,842

06. Gavin Anderson, 3 - 3,381

07. Equus Group, 2 - 1,464

08. Maitland, 5 - 1,357

09. Hudson Sandler, 6 - 786

10. Tulchan Communications, 7 - 546

Source: Zephyr

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