Thomson Reuters Releases Third Quarter 2010 Global Investment Banking Review
(Thomson Reuters ONE) -
Strongest Quarter Worldwide for M&A Since 2008, All-Time Record for High
Yield Debt
London, New York, October 11, 2010 - Thomson Reuters has released the final
third quarter 2010 global reviews for mergers and acquisitions and capital
markets activity.
The value of global mergers & acquisitions (M&A) reached US$1.75tr during the
first nine months of 2010, an increase of 21% over last year, the strongest nine
month period for M&A since the third quarter of 2008. Emerging markets M&A
accounted for 27.4% of global M&A volume, up from 21% last year. The energy &
power sector proved the most active, taking 20.5% of announced M&A. Private
equity backed M&A totalled US$149.7bn, the largest quarter since the second
quarter of 2008. Goldman Sachs is the top advisor for M&A globally for 2010
year-to-date with US$399.2bn in proceeds from 263 deals.
Equity capital markets (ECM) activity totaled US$506.7bn globally during the
first nine months of 2010, marking a 9% decrease from the first half of 2009.
IPOs saw their strongest opening nine months since 2007, as global volumes
reached US$146.6bn with emerging market issuers accounting for 62% of IPO
volumes. Follow-ons, however, registered an 18% increase from the second quarter
of 2010 with a year-to-date value of US$299.1bn, compared to US$446.8bn during
the first nine months of 2009. JP Morgan led global equity underwriters for the
first nine months of 2010, with US$40.6bn in proceeds from 235 issues.
Overall global debt capital markets (DCM) activity totaled US$1.3tr during the
third quarter of 2010, a 22% increase from the second quarter. The volume of
corporate high yield debt reached US$79.3bn; breaking the all-time annual record
for highest volume for quarterly issuance since Thomson Reuters records began in
1980. New issuance of asset-backed and mortgage-backed securitizations totaled
US$132.0bn and US$400.7bn respectively during the first nine months of 2010 with
combined issuance up 39% from the same time period last year. Barclays Capital
took the top spot for global debt underwriting for the first three quarters of
2010 with total proceeds of US$305.3bn and total imputed fees of US$801mn.
Global investment banking fees year to date reached US$56.1bn* up from US$49.9bn
compared to the first nine months of 2009. M&A fees drove the overall
investment banking fee pool in the third quarter with 36%. For the first nine
months of the year, fees from completed M&A transactions have increased 40% over
the first nine months of 2009.
"Despite some ongoing uncertainty about global underlying macro-economic
conditions, the current state of affairs is a significant improvement on the
market sentiment that began the year. Confidence is returning in deal-making
and the drivers of activity, such as the renewed impetus of financial sponsors,
a return to strategic M&A and a robust corporate bond market, are complimented
by the ever-increasing importance and presence of the emerging and fastest
growing markets on the world stage," said Neil Masterson, Global Head of
Investment Banking at Thomson Reuters.
The full reviews are available at the Thomson Reuters Deals Intelligence
website.
Notes to Editors:
* Source: Thomson Reuters/Freeman Consulting
Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for
businesses and professionals. We combine industry expertise with innovative
technology to deliver critical information to leading decision makers in the
financial, legal, tax and accounting, healthcare and science and media markets,
powered by the world's most trusted news organization. With headquarters in New
York and major operations in London and Eagan, Minnesota, Thomson Reuters
employs 55,000 people and operates in over 100 countries. For more information,
go towww.thomsonreuters.com.
CONTACT
Clare Arber Jeanette Volpi
Public Relations, EMEA Public Relations, US
Thomson Reuters Thomson Reuters
+44 (0) 20 7542 6256 +1 (646) 223 5517
clare.arber(at)thomsonreuters.com jeanette.volpi(at)thomsonreuters.com
[HUG#1450341]
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Thomson Reuters Corporation via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 11.10.2010 - 10:01 Uhr
Sprache: Deutsch
News-ID 44973
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 213 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Thomson Reuters Releases Third Quarter 2010 Global Investment Banking Review"
steht unter der journalistisch-redaktionellen Verantwortung von
Thomson Reuters Corporation (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
