LONDON—FD emerged as the leader in the Asia-Pacific mergers and acquisitions public relations business in 2008, despite an overall decline in the volume and value of deals, according to the latest data from mergermarket. FD led the publication’s league table by value of deals worked, handling transactions worth in excess of $87 billion in 2008, and by volume, working on 33 deals during the year.
Globally, a total value of $ 2.5 trillion of deals represented a drop of 31 percent over the 2007 totals, while volumes were down 20 percent to just under 12,200 deals. There were 2,072 announced deals valued at $490 billion globally in the fourth quarter, the worst quarter by value since Q3 of 2004. North American deal values dipped a massive 67 percent compared to the previous quarter, leaving North American deal values lower than the Asia-Pacific region for the first time on record.
FD beat out Christensen Investor Relations, Gavin Anderson & Co., Cannings Corporate Communications and Maitland to lead by value of transactions, and finished ahead of Brunswick Group, Gavin Anderson, Abernathy MacGregor Group and Citigate on the volume ranking.