Thursday’s Headlines: A Recent Snapshot of M&A

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If the financial health of Wall Street is dictated by mergers and acquisitions, there was some bad news and good news, reflected in a graphic breakdown on DealBook, which gives us a glimpse of the most recent highlights. Worldwide, activity was down by more than a third, but the U.S. share of that pie is 30 percent. Here are some of the highlights:

  • Q1 2012 M&A activity worldwide was down 34 percent to $481 billion
  • The U.S. share was 30 percent, or $146 billion
  • Goldman retained its spot as top financial advisor with 25 percent of the marketshare
  • Runners up were (in order): Morgan Stanley, JPMorgan Chase and Citigroup
  • Freshfields Bruckhaus Deringer jumped 10 ranks since last year to be the top legal advisor
  • Runners up were (in order): Linklaters (up from No. 11), King & Wood Mallesons (up from No. 26) and McCarthy Tetrault (up from No. 56)
  • Top four M&A sectors: Mining and metals, oil and gas, power, non-residential real estate


Other News:

Andrew Ross Sorkin: Wall Street rarely generates the wealthiest of the wealthiest. [DealBook]

Family offices are looking to outbid Wall Street for the people who run high-powered investment funds. [NY Times]

Private equity succession plans remain unclear. [NY Times]

UBS’s private banking unit is doing significantly more fixed-income transactions. [Bloomberg]

Finra ordered Merrill Lynch to pay $10 million for wrongfully denying compensation to two brokers. [Investment News]

JPMorgan Chase’s Dimon earned $23 million last year - more than CEOs of Wells Fargo, Citi or BofA. [WSJ]

Children of some prominent dynasties are looking to a future in technology. [DealBook]

RRJ Capital aims to raise $4 billion for an Asian fund. [Businessweek]

Sen. Gillibrand expects a female bank president before a woman U.S. president. [Bloomberg/San Francisco Chronicle]

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