The last month, which has seen fluctuating world markets and the Northern Rock crisis in the UK, saw the top ten financial agencies work on deals worth around half as much as in the same period last year.
But September was a good month for Maitland. The agency worked on 15 deals, including advising HSBC’s Asia Pacific Holdings on its £3.1bn purchase of the Korea Exchange Bank from LSF-KEB Holdings.
Maitland also advised German travel firm TUI on the completion of its merger (excluding certain hotel assets) into Coppereagle, a firm that will encompass both it and UK firm First Choice.
Hudson Sandler advised Coppereagle, helping it move into fifth place in the Deal Watch chart.
In second, after four months atop the standings, is Brunswick. Alan Parker’s firm still managed to work on the month’s biggest deal – advising the Saga Group as it merges with the AA. The deal is worth £6.2bn.
Finsbury, in third place, worked on 14 deals worth almost £8bn. One of its biggest deals was advising private healthcare insurer British United Provident Association as it sold 25 hospitals to private-equity firm Cinven for £1.4bn.
Brazil, rebranded from ‘Agency Brazil’, enters in fourth spot, working on two deals.
One high-level director of a top City agency told PRWeek this week that he expects deal values to continue to slump compared to the impressive figures earlier this year.