NEW YORK— Kekst and Company came in number one in both volume and value of mergers and acquisitions activity in North America during the first quarter of 2010, according to mergermarket, which produces the M&A advisory rankings. The region experienced a 23 percent decline in deal value from the same period in 2009, but saw a 22 percent increase in deal value, with 695 deals worth $154 billion.
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, Kekst worked on 27 deals, beating out FD (22), Joele Frank Wilkinson Brimmer Katcher (18), Sard Verbinnen (16), and Abernathy MacGregor (13). FD also came in second in value of deals, with Brunswick, Sard Verbinner and Joele Frank rounding out the top five.
In mergermarket’s rankings for mid-market deals, Joele Frank finished number one in both volume and value.