Kekst Holds On to M&A Lead as Activity Declines
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Kekst Holds On to M&A Lead as Activity Declines

Kekst and Company continues to rank number one in mergermarket’s rankings of public relations advisers to North American mergers and acquisitions, topping both the value and volume tables with a total of 35 deals worth $19.8 billion, even as M&A activity slowed.

Paul Holmes

NEW YORKKekst and Company continues to rank number one in mergermarket’s rankings of public relations advisers to North American mergers and acquisitions, topping both the value and volume tables with a total of 35 deals worth $19.8 billion, even as M&A activity slowed. The firm acted as advisers to NYMEX Holdings in CME Group’s $9.5 billion bid for the exchange, the second largest deal of the quarter.

 

Also advising on this deal were Abernathy MacGregor Group, which has subsequently moved up from fifth place in the value table at year end 2007 to be the number two during the first quarter, having advised on 28 deals worth a total of $16.3 billion.

 

Brunswick was third in the ranking by volume, followed by Sard Verbinnen and Joele Frank Wilkinson Brimmer Katcher. The top five in the ranking by value was rounded out by FD, Brunswick and Sard Verbinnen.

 

An unfamiliar name on both lists was Cubitt Jacobs & Prosek, which advised on the tenth largest transaction of the quarter, First Reserve’s $2.3 billion bid for CHC Helicopter Corporation, ranking seventh in the value rankings and eighth in the volume rankings.

 

M&A deal values and volumes are considerably down in North America in the first quarter of 2008 compared to the last quarter of 07 and compared to the same period last year. M&A in the region for Q1 2008 stands at 910 deals worth a total of $146.4 billion, down 39 percent by value from last quarter, and 63 percent from the same period last year.

 

Financial services in North America remains the hottest sector by value, accounting for 28.9 percent of deals in the region, while Industrials/Manufacturing/Engineering continues to be the most active sector with 17.5 percent of all deal activity in the region.

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