Advising on three out of the top five European deals in the quarter, Finsbury was able to regain its spot at the top of the value table which has been dominated by
Following a very active 2007, FD has retained its number one ranking in the league table by volume, with a 16 deal lead over Citigate, which placed second in the first quarter. FD has advised on 43 deals worth €13.5 billion this quarter, acting as the PR adviser to Volkswagen on its €2.9 billion bid for a 16.84 percent stake in Scania. Maitland, Finsbury and
Despite market concerns, the top firms saw far higher deal values than in the first quarter of 2007 while deal volumes remain relatively consistent. European M&A stands at €336.9 billion this quarter, up 67 percent since Q1 2007 and up 87 percent since last quarter. However, the value figure is skewed by this year’s largest deal, the BHP/Rio Tinto deal, which if excluded makes Q1 2008 the slowest quarter since Q2 2005. And deal volumes are down 25 percent since Q1 2007 and down 17 percent since Q4 last year.
The energy, mining and utilities sector dominates by value this quarter, accounting for a massive 50.2 percent of European deal values in Q1 2008, while financial services, by far the hottest sector by value in recent quarters, has dropped to just 4.1 percent.