LONDON—FD came in number one in both volume and value of mergers and acquisitions activity in Europe during the first quarter of 2010, beating out perennial rival Brunswick as activity in the region remained slow. According to mergermarket, which produces the M&A advisory rankings, Europe suffered its slowest first quarter in terms of deal activity since 1998, with value down 3 percent and volume down 2 percent over the first quarter of 2009.
Globally, however, M&A activity was up by 15 percent over the same period last year, with FD, Brunswick and Kekst and Company taking first, second and third places both volume and value.
FD represented Novartis as it sought a majority stake in Alcon and The Coca-Cola Company in its bid for the North American operations of Coca-Cola Enterprises, and worked with American International Assurance on its sale to Prudential. Brunswick represented Prudential on that deal, Alcon. Kekst represented the seller in both the American International and Coca-Cola deals.
In the European volume ranking, FD finished ahead of Brusnwick, Maitland, Citigate and Kekst. In terms of value, Brunswick, Kekst, Barabino, and Sard Verbinnen rounded out the top five.
FD also finished number one in both U.K. rankings, beating out Kekst and Brunswick in terms of value and Brunswick and Maitland in terms of value. In Germany, Brunswick led in terms of value but Hering Schuppener led the volume ranking. In France, Hinton & Associates led the value ranking with Publicis Consultants climbing into the top spot in terms of volume. In Italy, Community Group led both rankings.