NEW YORK—Kekst and Company has taken an early lead in the mergers and acquisitions rankings for 2006, topping mergermarket’s list of public relations advisers on North American mergers and acquisitions in the first quarter of 2007 by both value and volume. Kekst advised on 35 deals valued at $83.9 billion for the quarter, more than $30 billion ahead of the second place firm in the value table, Owen Blicksilver Public Relations.
Kekst and Blicksilver both advised on two of the top ten deals for the quarter, including the largest private equity deal in history and the second largest deal of the year, the $44.2 billion leveraged buyout of TXU. Public relations for the largest deal of the year so far, the spin-off of Kraft Foods from parent company Altria Group, was handled internally.
Brunswick Group, the year end 2006 leader by value, was ranked fifth in the first quarter value table with 26 deals worth $34 billion, behind Joele Frank Wilkinson Brimmer Katcher and Sard Verbinnen & Co. Financial Dynamics, Abernathy MacGregor, Smithfield Consultants, Edelman and Tulchan Communications rounded out the top 10.
In the volume table, Kekst is followed by Brunswick in second and Sard Verbinnen in third, with Abernathy MacGregor and Joele Frank rounding out the top five.
North American M&A value for the first quarter was valued at $408.8 billion, a 19 percent increase over the same period last year, setting the pace for another record year. Energy, mining, and oil & gas deals made up the greatest proportion of announced deal value at 21.2 percent, while consumer sector deals accounted for 20.9 percent of activity.