LONDON—Brunswick Group continues to be the clear leader among European mergers and acquisitions counsel in terms of value, topping mergermarket’s pan-European league table of public relations advisers for the seventh consecutive quarter, with a €54.7 billion lead over Finsbury Group. The firm also topped the value table in Italy and the volume table in France, and consistently placed among the top 10 in both the value and volume tables across all regions.
However, FD also enjoyed an active year, topping the European table by volume with a lead of 80 deals over Brunswick, as well as the U.K. volume table. The firm also took second place in the German and French volume tables, and was an adviser to the target on the largest European deal of 2007, RBS Consortium’s €71.1 billion bid for ABN AMRO.
Finsbury, Maitland, FD and Spanish consultancy Estudio de Communicacion rounded out the top five in Europe by value, while Brunswick, Maitland, Citigate and Finsbury were in the top five in volume. In the U.K., the top three by value were Finsbury, FD and Brunswick, while the volume leaders were FD, Brunswick and Maitland.
In Germany, Hering Schuppener led by both value and volume; in France, Euro RSCG C&O led by value, while Brunswick led by volume; the Italian league tables were led by Brunswick, tops in value, and Barabino & Partners, number one in volume.
Despite the recent market turmoil all of the top firms by value and volume are continuing to see higher deal values and large deal volumes than at the year end 2006, although mergermarket says most of the major M&A deals this year, which are responsible for the firms’ higher value figures, took place in the second quarter of the year, before August’s credit crunch.
European deal activity in 2007, despite the market downturn, is up 2.7 percent by value compared to 2006, standing at €1,026 billion.
The U.K. and Ireland have overtaken the Benelux region to dominate by value (25.1 percent), as well as continuing to be the most active sub-region, accounting for 25.5 percent of total deal volume. The industrials and chemicals sector remains the most active for M&A in Europe accounting for 19 percent of deals in 2007, while financial services was the hottest sector by value, with 28.6 percent of overall activity.