HONG KONG—FD, Finsbury Group and Maitland topped the Asia-Pacific rankings of public relations advisors on mergers and acquisitions during the first quarter of 2009, according to mergermarket rankings published this week, although the quarter was the worst in six years by both value and volume of deals.
FD was number one in terms of volume (eight deals worth $14 billion), ahead of Finsbury Group (five deals worth $15 billion) and a host of firms that worked on two deals: Maitland, Hinton & Associates, NeUCom Consulting, Strategic Public Relations, Ogilvy, Cannings Corporate Communications, Kreab Gavin Anderson, Capital MS&L, Wonderful Sky Financial Group, Hanmer & Partners and Brunswick.
Finsbury led in terms of volume, ahead of FD, with Maitland, Hinton & Associates, and Bespoke Approach rounding out the top five.
The biggest deal saw Aluminum Corporation of China (represented by FD and Maitland) making an $11 billion offer for some of the assets of Rio Tinto (Finsbury).
Asia-Pacific M&A activity has fallen by 34 percent from the first quarter of 2008, with 380 deals worth $59.5 billion announced in the region in the first quarter. Deal flow has decreased by 42 percent compared to the first quarter of 2008—not as sharp a decline as Europe and North America, while overall deal values have fallen by 34 percent. Value and volume figures have decreased by 41 percent and 19 percent respectively when compared to the previous quarter.
The Asia-Pacific region made up 22 percent of global M&A activity and contributed just 15 percent of total deal values. The region has, however, seen the most deals above the $600 million mark so far this year: 22 transactions compared to 18 in North America.