HONG KONG—FD came in number one in both volume and value of mergers and acquisitions activity in the Asia-Pacific region during the first quarter of 2010, according to mergermarket, which produces the M&A advisory rankings. It was the biggest ever first quarter for deals in the Asia-Pacific (excluding Japan), with 402 deals worth $103.7 billion, up 126 percent by value from the same period last year.
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 terms of volume, FD worked on 13 deals, ahead of Brunswick and local financial communications specialist Wonderful Sky (eight each), and Strategic Public Relations Group and Citigate (four each). In terms of value, Brunswick, Kekst and Company, Hinton & Associates and Citadel Communications rounded out the top five firms.
FD also led the mergermarket rankings for mid-market deals, beating out Brunswick in terms of deal value and Wonderful Sky in terms of volume.