Número de transações no Setor dos Serviços e Distribuição cresce 21% em 2016

TTR-Deal-Tracker

TTR Deal Tracker
www.TTRecord.com

PORTUGAL

 O TTR Deal Tracker Portugal é um e-mail mensal que contém tendências do mercado transacional português, além de incluir um ranking  Year to Date (YTD) dos principais assessores financeiros e jurídicos.


PORTUGAL: Número de transações no Setor dos Serviços e Distribuição cresce 21% em 2016

O número de transações envolvendo empresas que atuam no segmento de construção apresentou um aumento de 112% de janeiro a novembro de 2016, se comparado ao mesmo período de 2015, de acordo com os dados TTR (www.TTRecord.com).

Quanto ao total de transações cross-border no setor, foram registradas oito aquisições de empresas brasileiras por parte de estrangeiras (YTD), enquanto em 2015 somaram-se cinco. A maior transação deste tipo em 2016 foi a aquisição de 50% da brasileira Companhia Industrial de Cimentos Apodi pela grega TITAN Cement Group, por R$ 328 milhões.

Houve ainda um aumento no número de acordos relacionados à compra de ativos e a formação de joint ventures.

Rankings / League Tables

Brasil Ranking – 2016

Assessoria Financeira – 2016
Por valor total das transações

O ranking TTR em termos do valor total das transações de 2016 é liderado pelo estadunidense Citigroup Global Markets, que conquistou a posição com um valor total inferior ao último colocado de 2015. O Haitong Securities, que estava em primeiro lugar no ano passado, ficou com a segunda colocação após a redução de 91%. Na sequência, o Millennium BCP saltou de décimo para terceiro lugar, mesmo com 65% de decréscimo em relação ao período anterior.

A Caixa BI, que havia conquistado a sexta posição em 2015, desta vez ficou em quarto lugar com redução de 90% no valor total de transações. Em quinto lugar está o espanhol Santander Global Corporate Banking España, que desempata com a Caixa BI em número de transações. Os sexto e sétimo colocados, HSBC e Lazard, não figuravam no ranking anterior e, em 2016, empataram em valor e número de transações.

Em oitavo lugar está o Banco Santander, que também não esteve entre as dez assessorias financeiras de 2015. Na nona e décima posição estão os portugueses Santander Totta e Barclays, que empataram nos dois rankings.

Assessoria Financeira – 2016
Por número total de transações

O ranking TTR por número total de transações apresenta números predominantemente superiores ao ano 2015. O líder Haitong Securities manteve a posição conquistada e ainda apresentou um crescimento de 33%. O segundo colocado, Clearwater International, registrou o maior salto do período e passou de não listado em 2015 ao segundo lugar em 2016. A Tradinveste também não esteve na tabela anterior e conquistou a terceira colocação com 600% de crescimento.

O Millennium BCP manteve a quarta posição com 33% de aumento de um ano ao outro e desempata com o Banco BPI em valor de transações. A primeira redução do ranking é da Caixa BI, que apresentou um número 67% inferior e desceu da segunda para a sexta colocação. Com o mesmo número de negócios, os bancos Santander e o francês BNP Paribas não estavam na tabela do ano anterior e desempatam em valor.

O nono lugar é da assessoria financeira espanhola Alantra, que também não figurava em 2015, assim como o Citigroup Global Markets, que fecha o ranking na décima posição, com uma única transação que lhe garantiu o primeiro lugar em valor.

Assessoria Jurídica – 2016
Por valor total das transações

O ranking TTR por valor total das transações é liderado pelo Cruatrecasas, que mesmo com a redução de 75%, manteve a posição do ano anterior. Em segundo lugar está Uría Menéndez – Proença de Carvalho, assim como em 2015, desta vez com redução de 79% em valor. Campos Ferreira, Sá Carneiro & Associados fecha o pódio com um salto de oitavo para terceiro colocado com uma pequena diferença de valor de um ano para o outro.

O maior crescimento do período é registrado pelo escritório Morais Leitão, Galvão Teles, Soares da Silva & Associados que passa a figurar na tabela após aumento de 488%. PLMJ também apresentou valores positivos em relação ao ano passado e cresceu 27%. Garrigues desceu uma posição na tabela e decresceu 89%.

CCA-Ontier, Cuatrecasas Brasil e Cardigos Advogados não estavam no ranking do ano passado e destacam-se entre os dez classificados com apenas uma transação. De sexto ao décimo lugar, Linklaters apresentou uma redução de 92% em relação ao ano anterior.

Assessoria Jurídica – 2016
Por número total de transações

O ranking por número total de transações, ao contrário do que foi observado entre as assessorias financeiras, apresenta números predominantemente inferiores ao ano 2015. O líder Uría Menéndez – Proença de Carvalho fechou o ano com redução de 7%. O pódio é também de Cuatrecasas, que empata com o terceiro colocado Garrigues, com 15% e 19% de redução, respetivamente.

Morais Leitão, Galvão Teles, Soares da Silva & Associados é o quarto colocado com 33% de crescimento em 2016. Na sequência, com o mesmo volume, está o escritório PLMJ, que havia sido o líder em 2015, apresentou decréscimo de 57% e desceu quatro posições.  Campos Ferreira, Sá Carneiro & Associados apresentou um aumento de 25%. Linklaters classificou-se duas posições acima, com o mesmo número de transações e volume inferior.

ABBC e CMS Rui Pena & Arnaut não estavam na tabela do ano anterior e ambos se classificaram com um aumento de 50%. Fecha o ranking o escritório com maior crescimento do período, Telles de Abreu Advogados, que se destacou com 200%.


* Os Rankings TTR deste report são elaborados com transações anunciadas e/ou concluídas em 2016 Year to date. Estão incluídas transações de investimento e desinvestimento de Private Equity / Venture Capital, compra/venda de ativos e formação de Joint Ventures. Em todos os rankings são considerados apenas deals onde alguma empresa do respectivo país tenha sido target na transação.

Em caso de empate o critério de desempate é: empate por número de transações, se desempata com o valor total; empate por valor total, se desempata por número de transações. E quando exista um empate em número e valor, será mantida a mesma posição e a ordem será alfabética.

* * Leva-se em conta o mesmo período do ano (do começo de janeiro ao fim de dezembro) de 2015 para fazer as comparações dispostas acima.
ND: Não divulgado

Sector de Distribución y Retail Español crece un 63,5%

TTR-Deal-Tracker

TTR Deal Tracker
www.TTRecord.com

ESPAÑA

 TTR Deal Tracker España es un correo electrónico mensual que contiene las tendencias del mercado transaccional español, e incluye un ranking Year to Date (YTD) de los principales asesores financieros y legales.


ESPAÑA: Sector de Distribución y Retail Español crece un 63,5%

En el periodo de enero a noviembre de 2016, el número de transacciones relacionadas con la adquisición de empresas españolas que actúan en el sector de la distribución y retail ha registrado un aumento del 63,5% comparado con el mismo periodo de 2015.

Según los datos de TTR (www.TTRecord.com), en 2016 el número de empresas europeas (excluyendo España) que adquirieron participaciones en empresas españolas del sector distribución y retail ha aumentado un 367% respecto al mismo periodo del 2015.

El país que más ha aumentado sus adquisiciones en este sector es Reino Unido (400%) seguido de Bélgica (300%) y Suiza (300%).

Rankings / League Tables

Ranking – 2016*

Asesoría Financiera – Year to Date (YTD)
Por valor total de transacciones

El banco francés BNP Paribas lidera el ranking de TTR por importe de enero a octubre de 2016, cabe destacar un crecimiento de más del 1000% en relación con el mismo periodo del año anterior. A continuación, los bancos estadounidenses Morgan Stanley y Goldman Sachs ocupan el segundo y tercer lugar respectivamente con un bajo volumen de transacciones. El BBVA, primer banco español del ranking por importe, ha crecido un 507% de un año para otro siendo líder en número de transacciones. El Banco Santander mantiene la quinta posición del año pasado, aunque presenta un crecimiento del 32%. AZ Capital, que tampoco estaba en el ranking de 2015, ahora ocupa el sexto lugar con un crecimiento del 984%. El líder del año 2015, Citigroup, ha tenido una reducción del 61% en el valor de sus transacciones. El inglés HSBC ha tenido el mayor crecimiento del periodo, 1142%. Bank of America, que estaba en cuarta posición en 2015, ha pasado al noveno puesto, con una caída del 60%. Cierra la tabla la consultora Lazard, de las Bermudas, con un crecimiento del 63%.

Asesoría Financiera – Year to Date (YTD)
Por número total de transacciones

El liderazgo del ranking de enero a octubre de 2016 ha sido mantenido por el BBVA con un crecimiento del 50% en el número de transacciones. En segundo lugar, la consultoría financiera Alantra, que no figuraba en el ranking de 2015, ha tenido un aumento del 150% en el número de transacciones. El banco francés BNP Paribas ocupa el tercer puesto doblando el número de transacciones del año anterior, lo que le ha impulsado a liderar el ranking por importe. En la cuarta posición está el Banco Santander, creciendo un 133% en volumen. El último del ranking en presentar crecimiento es la consultora PKF Attest, en quinto lugar, con un aumento del 150%, respecto a los diez primeros meses de 2015. A continuación, CREA Inversión ha subido de novena a sexta posición. AZ Capital, Arcano y Banco Sabadell han reducido el número de transacciones en un 20% en relación al ranking del año pasado. Cierra la tabla Montalbán Atlas Capital con una reducción del 33% en sus transacciones.

Asesoría Jurídica – Year to Date (YTD)
Por valor total de transacciones

El despacho Garrigues ha escalado una posición en el ranking de TTR por importe ocupando la primera posición en el periodo de enero a octubre de 2016, con un crecimiento del 90% en relación al año anterior. Freshfields Bruckhaus Deringer es el segundo con un aumento del 404% en el importe de sus transacciones. Uría Menéndez está en la tercera posición en los dos rankings de asesores jurídicos, con un aumento del 17% en el valor de sus transacciones. Linklaters mantiene el puesto noveno con un crecimiento del 16%. Allen & Overy, que no figuraba en el ranking del año pasado, es el segundo despacho con mayor aumento de los diez primeros meses, 1034%. CMS Albiñana & Suárez de Lezo, en sexto lugar, destaca con un crecimiento del 4430% respecto al año 2015, que tampoco aparecía en el ranking. DLA Piper ha crecido un 598% en relación al año anterior. Pérez-Llorca ha subido una posición con un aumento del 92%. Clifford Chance, primero el año pasado, ocupa la novena posición con un decrecimiento del 47%. Cierra la tabla el despacho Cuatrecasas, Gonçalves Pereira, con una reducción del 70% en el importe de sus transacciones, aun siendo líder del ranking por número de transacciones.

Asesoría Jurídica – Year to Date (YTD)
Por número total de transacciones

El despacho Cuatrecasas, Gonçalves Pereira lidera el ranking por número de transacciones con una diferencia de 34 con el segundo clasificado, aunque sus transacciones han disminuido un 24% con relación a los diez primeros meses de 2015. A continuación, Pérez-Llorca ha escalado cinco posiciones con un crecimiento del 27% en relación al año pasado. Uría Menéndez mantiene la tercera posición conquistada en 2015, pero con una reducción del 28% en el número de transacciones. Clifford Chance y Raousad Costas Duran (RCD)cuentan con el mismo número de transacciones ocupando el cuarto y quinto puesto respectivamente, desempatando por el importe de sus transacciones. Del segundo lugar en 2015 a el sexto en 2016, Garrigues ha tenido un decrecimiento del 40%. Allen & Overy,que no figuraba en la tabla de 2015, ha tenido un crecimiento del 100%. Gómez-Acebo & Pombo ha experimentado una reducción del 41% con respecto al año anterior quedando en octava posición. Linklaters y King & Wood Mallesons también han obtenido el mismo número de transacciones ocupando la novena y la décima posición respectivamente. Linklaters ha visto su número de transacciones reducido, sin embargo, destaca en el ranking por importe. King & Wood Mallesons ha tenido un aumento del 28% en el volumen total del periodo.


Los Rankings TTR de este informe son elaborados con transacciones anunciadas y/o concluidas en 2016 Year to date. Están incluidas transacciones de inversión y desinversión de Private Equity y Venture Capital, compra/venta de activos y formación de Joint Ventures. En todos los rankings, son considerados aquellos deals donde alguna empresa del país respectivo haya sido target de la transacción.

En caso de empate, el criterio de desempate es: empate por número de transacciones, se desempata con el importe total, empate por importe total, se desempata por
número de transacciones. Cuando existe empate en importe y número, será mantenida la misma posición en orden alfabético.

** Téngase en cuenta el mismo periodo del año (comienzo de enero a final de noviembre) de 2015 para hacer las comparaciones dispuestas encima.

Setor de mineração atrai crescente interesse internacional

TTR-Deal-Tracker

TTR Deal Tracker
www.TTRecord.com

BRASIL

 O TTR Deal Tracker Brasil é um email mensal que contém tendências do mercado transacional  brasileiro, além de incluir um ranking  Year to Date (YTD) dos principais assessores jurídicos e financeiros.


BRASIL: Setor de mineração atrai crescente interesse internacional

O volume de transações na indústria de mineração brasileira cresceu 62,5% no primeiros seis meses de 2016 em relação ao mesmo período do ano passado, de acordo com os dados do TTR (www.TTRecord.com).

O investimento internacional no setor cresceu bastante entre os dois períodos, com dez transações lideradas por compradores estrangeiros no acumulado do ano em comparação com as três transações registradas nos primeiros seis meses de 2015.

Rankings / League Tables

Brasil Ranking – 2016

Assessoria Financeira – Year to Date (YTD)

O Banco Bradesco BBI lidera o ranking brasileiro de assessoria financeira com 12 mandatos nos primeiros seis meses de 2016, com um valor total de USD 2,8bi, o dobro do registrado um ano atrás quando esteve na terceira posição do ranking com seis mandatos e um valor total de USD 9,1bi. O Banco BTG Pactual ocupa a segunda posição no ranking do primeiro semestre de 2016, mesma posição que ocupou no mesmo período de 2015. Porém o valor combinado das transações sofreu uma redução de 70%. O Banco Itaú BBA, que ocupou a primeira posição um ano antes, ocupa a terceira posição com nove mandatos e valor agregado de USD 2bi. O Bank of America Merill Lynch, na quarta posição com cinco mandatos YTD, não esteve entre os 10 primeiros assessores em transações de M&A no primeiro semestre do ano passado. O BR Partners, em quinto, está empatado com o BAML em número de mandatos com um valor agregado de aproximadamente USD 1,3bi. O Vinci Partners, em sexto lugar, também assessorou cinco transações no primeiro semestre de 2016, depois de não ter  estado entre os 10 primeiros do ranking um ano atrás. O Morgan Stanley também não esteve entre os 10 primeiros há um ano atrás, assim como o BNP Paribas, Citigroup e Banco Santander, in sétimo, oitavo, nono e décimo respectivamente.

Assessoria Jurídica – Year to Date (YTD)

O Pinheiro Neto lidera o ranking TTR de assessoria jurídica para os primeiros seis meses de 2016, com 25 transações assessoradas e um valor total agregado de USD 4,4bi, representando um aumento de 14% no volume e uma redução de 53% no valor agregado. O Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados está empatado em número de transações com o Pinheiro Neto, porém com um valor total agregado de USD 2,3bi. O Souza, Cescon, Barrieu & Flesch Advogados está na terceira posição com 24 transactions YTD, que representa um aumento de 9% em relação ao mesmo período de 2015, porém com um valor agregado 22% menor. O TozziniFreire Advogados subiu duas posições no ranking em relação ao ano passado, com um aumento de 33% no volume, 20 transações, e 73% no valor total agregado, USD 1,3bi. O Machado, Meyer, Sendacz e Opice Advogados caiu da primeira posição há um ano atrás para a quinta posição, com uma redução de 13% no volume e de 95% no valor total agregado. O Barbosa, Müssnich, Aragão ocupa a sexta posição com 16 mandatos e valor total agregado de USD 1,3bi. O Stocche, Forbes, Padis, Filizzola, Clapis, Passaro, Meyer e Refinetti Sociedade de Advogados ocupa a sétima posição depois de não ter estado entre os dez primeiros no mesmo período do ano anterior. O Lefosse Advogados, em oitavo, também não esteve entre os dez primeiros há um ano atrás. O Veirano Advogados ocupa a nona posição com 12 transações e valor total de USD 140m, representando um redução de 8% em volume e 55% em valor total agregado. O Demarest Advogados está na décima posição com 11 transações e um valor agregado de USD 2,4bi.


* Os Rankings TTR deste report são elaborados com transações anunciadas e/ou concluídas em 2016 Year to date. Estão incluídas transações de investimento e desinvestimento de Private Equity / Venture Capital, compra/venda de ativos e formação de Joint Ventures. Os Rankings de assessores jurídicos do México e do Brasil consideram apenas assessorias nas respectivas leis locais. Em todos os rankings são considerados apenas deals onde alguma empresa do respectivo país tenha sido target na transação, no caso do ranking LATAM, algum país latinoameircano. No ranking LATAM não há especificação sobre a lei da assessoria, além disso o filtro considera apenas firmas de UK/US.

Em caso de empate o critério de desempate é: empate por número de transações, se desempata com o valor total; empate por valor total, se desempata por número de transações. E quando exista um empate em número e valor, será mantida a mesma posição e a ordem será alfabética.

Healthcare deals up 57% in Mexico

TTR-Deal-Tracker

TTR Deal Tracker
www.TTRecord.com

LATIN AMERICA

Intralinks® Deal Flow Predictor
See the future of M&A.

BRAZIL: Marketing deals on the rise

Transactions in Brazil’s advertising industry, including acquisitions, joint ventures and asset deals, are up 39% YTD compared to the same period in 2014, according to TTR data (www.TTRecord.com). Private equity deals in the space have grown proportionally, from 11 in the first 10 months of 2014 to 15 in the same 10 months this year.

MEXICO: Healthcare dealmaking spikes

Dealmaking in Mexico’s healthcare industry, including transactions of hospitals, labs, clinics and related personal higiene businesses, has spiked 57% in in the first 10 months of 2015 compared to the same period in 2014, according to TTR data (TTRecord.com).

Mexico-Map (2)

Rankings / League Tables

Latin America Ranking – 2015

Financial Advisory – Year to Date (YTD)

Banco Itaú BBA leads TTR’s Latin America financial advisory ranking at the close of October, with 43 transactions YTD worth a combined USD 18.8bn. The region’s leading bank is down 26% by deal volume from 58 deals a year ago and 8% by aggregate value from USD 20.5bn, but still maintains a comfortable lead in the chart. Rival Banco BTG Pactual has advised on 31 transactions YTD, worth a combined USD 18.2bn, with the same deal volume as a year ago and a 63% increase in aggregate value. Banco Santander ranks third, as it did a year ago, with 11 deals worth USD 8.6bn compared to 15 worth USD 3.9bn at the close of October, 2014. Banco Bradesco BBI has overtaken BAML to capture fourth place with nine deals together worth USD 15.6bn compared to 12 worth USD 5.1bn a year ago when it ranked fifth. BAML slid from fourth to fifth, also with nine transactions YTD, in its case worth USD 6bn, compared to 14 worth USD 10.1bn a year ago. BBVA follows in sixth, ahead of BR Partners in seventh, neither having placed in the top 10 in the first 10 months of 2014. PwC is up two positions from its performance to October, 2014, with eight transactions under its belt YTD worth USD 415m compared to nine worth USD 1.2bn a year ago when it ranked tenth. JPMorgan and Rothschild, in ninth and tenth respectively, were absent from the top 10 a year ago.

Legal Advisory – Year to Date (YTD)


Jones Day leads TTR’s Latin America legal advisory ranking at the close of October, with 20 advisory mandates region-wide YTD worth USD 2.5bn, a 54% bump in volume and a 28% leap in aggregate value compared to a year ago, when the firm ranked fourth with 13 deals worth USD 2bn combined. Jones Day ousted Baker & McKenzie from its lead a year ago when it had advised on 26 deals worth USD 10bn combined. A 50% decline in deal volume and an 85% fall in aggregate value YTD places Baker in second at the close of October. Skadden, Arps, Slate, Meagher & Flom, in third, didn’t place in the top 10 for the first 10 months of 2014. Clifford Chance is up 14% in volume to place fourth, notwithstanding a 34% decline in aggregate value from its seven deals together worth USD 21bn at the close of October, 2014. White & Case fell two positions relative to its performance a year ago, with eight deals YTD worth USD 137m compared to 14 worth USD 7bn a year ago. Greenberg Traurig has fallen from fifth a year ago to sixth, with deal volume down 46% and aggregate value down 87% from 13 worth USD 1.6bn. Simpson, Thacher & Bartlett is down 60% by volume from 15 deals a year ago worth USD 6.6bn, when it ranked second, to place seventh in the ranking. Its aggregate deal value remains virtually unchanged. Millbank, Tweed, Hadley & McCloy, in eighth, also with six deals under its belt YTD, did not make the top 10 by the close of October, 2014. Linklaters lost two transactions relative to its eight deals worth USD 11.2bn a year ago, falling from seventh to ninth as a result, with a 48% decline in aggregate value. Akin Gump Strauss Hauer & Feld rounds out the top 10 after not appearing in the chart for the corresponding period of 2014.

 

Brazil Ranking – 2015

Financial Advisory – Year to Date (YTD)


Banco Itaú BBA dominates TTR’s Brazil financial advisory ranking at the close of October with 40 transactions under its belt YTD worth a combined USD 18.7bn. Itaú’s deal volume is down 15% compared to its 47 deal mandates in the first 10 months of 2014, while aggregate value has grown 209% from USD 6bn. Banco BTG Pactual, in second, lost 22% by volume and gained 74% by aggregate value from its second place standing a year ago when it’d advised on 27 deals together worth USD 10.1bn. Banco Bradesco BBI climbed one position to take third with nine deals worth USD 15.6bn compared to 12 worth USD 5.1bn a year ago. BR Partners climbed from seventh to take fourth by adding two deals to its performance of a year ago to close October with nine transactions together worth USD 373m. Its seven transactions in the first 10 months of 2014 were worth USD 1.2bn in aggregate. BAML climbed from eighth to take fifth with seven advisory mandates YTD, the same volume as in the corresponding period a year ago. The combined value of BAML deals grew by 969% from USD 555m to USD 5.9bn, meanwhile. IGC Partners Assessoria Empresarial ranks sixth with six deals YTD worth a combined USD 177m. IGC didn’t rank among the top 10 in the first 10 months of 2014, nor did JPMorgan, which ranks seventh. Rothschild climbed from tenth a year ago to take eighth, repeating its performance of five deals while growing the aggregate value of its transactions from USD 1bn to USD 12.9bn, a 1,135% leap. Deloitte Global Services has also advised on five deals to place ninth at the close of October, after not being among the top 10 a year ago. Vinci partners, in tenth, also with five mandates YTD, fell from fifth a year ago, when it’d advised on nine deals together worth USD 228m.

Legal Advisory – Year to Date (YTD)


Pinheiro Neto Advogados leads TTR’s Brazil legal advisory ranking at the close of October, with 42 advisory mandates YTD worth a combined USD 10.2bn. Brazil’s top firm climbed from second place a year ago, ousting Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados from the top spot, despite a 22% decline in deal volume from its 57 transactions together worth USD 10.7bn a year ago. Mattos Filho fell to second, with 40 deals worth a combined USD 16bn compared to 54 worth USD 7bn a year ago. Deal volume is also down for Machado, Meyer, Sendacz e Opice Advogados, which ranks third compared to fourth a year ago, but like the top two firms, the combined value of its transactions is up significantly from USD 2.8bn a year ago. Veirano Advogados climbed from sixth to fourth, with 33 deals worth USD 5.7bn YTD, compared to 30 worth USD 1.5bn a year ago. Souza Cescon Advogados, in fifth, climbed two positions relative to its ranking a year ago, with 31 mandates YTD worth USD 6.7bn, compared to 28 worth USD 11bn by the close of October, 2014. Barbosa, Müssnich, Aragão added five deals to its performance at the end of October, 2014 and grew aggregate deal value 78% to rank sixth, up from tenth a year ago. Demarest Advogados climbed from ninth to take seventh, its deal volume up 12% to 28 compared to 25 a year ago. TozziniFreire Advogados slid three positions from fifth a year ago to close October in eighth, its deal volume falling 26% from 31 a year ago and its aggregate deal value down 72% from USD 3.4bn. Pinheiro Guimarães Advogados, in ninth, did not place among the top 10 by the close of October, 2014. Koury Lopes Advogados rounds out the chart with 18 mandates YTD worth USD 106m combined, compared to 28 a year ago worth USD 2.7bn when it’d placed eighth.

Mexico Ranking – 2015

Financial Advisory – Year to Date (YTD)

BBVA tops TTR’s Mexico financial advisory ranking at the close of October with six advisory mandates YTD worth a combined USD 2.8bn. The Spanish bank also led the chart a year ago, when it’d advised on three deals in the first 10 months of the year. Banco Santander climbed from tenth a year ago to take second with four mandates together worth USD 1.5bn YTD, compared to one worth USD 1.3bn a year ago. Pablo Rión y Asociados is the leading local firm in the market, also with four transactions under its belt YTD. Pablo Rión was not among the top 10 a year ago, nor was Evercore Partners, ranked fourth with three mandates YTD, nor Alfaro, Dávila y Ríos, with two deals under its belt. Credit Suisse, which ranks sixth with two mandates YTD, was also absent from the top 10 a year ago. Citigroup fell four positions to close October in seventh, its two mandates worth USD 1.2bn compared to USD 1.7bn for two a year ago. Lazard, in eighth, and Vace Partners, in ninth, were both absent from the top 10 a year ago. BAML fell three positions to bring up the rear, its two deals worth a combined USD 88m. BAML advised on two deals worth a combined USD 634m in the first 10 months of 2014.

Legal Advisory – Year to Date (YTD)

Creel, García-Cuéllar, Aiza y Enríquez leads TTR’s Mexico legal advisory ranking at the close of October with 25 transaction mandates YTD worth a combined USD 12.8bn. The leading M&A firm in Mexico also led the chart a year ago, when it’d advised on 22 deals worth USD 8.6bn in aggregate to the end of October, 2014. Mijares, Angoitia, Cortés y Fuentes follows in second, as it did a year ago, with 18 deals YTD worth a combined USD 4.4bn, compared to 13 a year ago worth USD 3bn. Galicia Abogados climbed from fifth to take third, advising on 11 deals thus far in 2015, worth a combined USD 5.3bn, compared to eight by the close of October, 2014 worth USD 2.8bn in aggregate. Jones Day México, in fourth, was not among the top 10 firms practicing in Mexico in the first 10 months of 2014. White & Case México has advised on six deals YTD in the country, worth USD 113m, compared to eight worth USD 694m in the corresponding period of 2014, resulting in a fall from fourth to fifth in the ranking. Nader Hayaux & Goebel Abogados, in sixth with five mandates YTD, was not among the top 10 for the first 10 months of 2014, nor was Santamarina y Steta Abogados, in seventh. Basham Ringe y Correa climbed one position to take eighth, adding two deals to its performance of a year ago and growing the combined value of its advisory mandates to USD 1.4bn. Holland & Knight México fell to ninth, despite maintaining the same deal volume relative to the first 10 months of 2014. Its aggregate deal value fell 78% from USD 2.3bn to USD 500m, meanwhile. Greenberg Traurig México brings up the rear, as it did a year ago, with four deals YTD worth USD 199m compared to two a year ago worth USD 831m.

UK buyers bullish on Brazil

TTR-Deal-Tracker

TTR Deal Tracker
www.TTRecord.com

LATIN AMERICA

Intralinks® Deal Flow Predictor
See the future of M&A.

BRAZIL: UK buyer appetite grows

The number of acquisitions led by UK-based buyers in Bazil has grown by 36% YTD relative to the same period in 2014, according to TTR data (www.TTRecord.com). The relative share of Brazilian deals led by UK-based private equity firms has decreased over the same period, meanwhile, from 56% to mid-October, 2014 to 19% YTD in 2015.

Brazil-Graph-(GIF)-V2

MEXICO: Financial services transactions surge

Financial services deals have jumped 27% in volume and 436% by aggregate deal value in Mexico YTD compared to the same nine-and-a-half months of 2014, according to TTR data (www.TTRecord.com). A total of 27 deals in the space YTD with a combined value of USD 11.4bn compares to 22 in the corresponding period of 2014 worth USD 2.1bn in aggregate.

Mexico-Map (2)Mexico-Graph-(GIF)---

Rankings / League Tables

Latin America Ranking – 2015

Financial Advisory – Year to Date (YTD)

1

Banco Itaú BBA continues to maintain a safe lead in TTR’s Latin America financial advisory ranking at mid-October, with 42 mandates YTD worth USD 19.9bn combined. A year ago Itaú led the chart with 55 transactions worth a combined USD 9bn. Banco BTG Pactual has advised on 31 deals YTD, the same number which put it in second-place at mid-October, 2014. By aggregate deal value BTG Pactual also ranks second, with USD 19.3bn in combined transactions YTD compared to USD 11.2bn for the same period in 2014. Banco Santander ranks third, as it did a year ago, with USD 11 deals worth a combined USD 9.7bn so far in 2015 compared to 15 together worth USD 3.9bn to mid-October, 2014. Banco Bradesco BBI rose one position from fifth at mid-October, 2014, when it’d advised on 12 deals worth a combined USD 5.1bn, to take fourth, with nine transactions worth USD 15.6bn in aggregate. BAML fell one spot, meanwhile, to take fifth place, with nine transactions worth a combined USD 6bn to mid-October, compared to 15 worth USD 10.1bn a year ago. BR Partners, in sixth place, also with nine deals under its belt YTD, was not among the top 10 in the first nine-and-a-half months of 2014, nor was BBVA, which ranks seventh with eight deals. PwC, JPMorgan and Rothschild, rounding out the top ten, were also absent from the top 10 at mid-October, 2014.

Legal Advisory – Year to Date (YTD)

2
Jones Day leads the top 10 international law firms in TTR’s Latin America legal advisory ranking at mid-October, with 20 transaction mandates YTD on deals worth USD 2.5bn combined. The US firm ranked third a year ago, when it’d advised on 13 deals worth just under USD 2bn. Baker & McKenzie was bumped to second with its 12 deals worth USD 1.4bn combined, as a result of Jones Day’s rise to the top. Baker & McKenzie topped the chart in mid-October, 2014 with 26 deals worth USD 10bn combined. Clifford Chance ranks third by volume with its eight deals worth nearly USD 14bn, topping the chart by aggregate deal value after not appearing among the top 10 for the corresponding period in 2014. Skadden, Arps, Slate, Meagher & Flom, also with eight deals YTD in Latin America and also absent from the top 10 a year ago, bumped White & Case from fourth at mid-October, 2014 to fifth. White & Case had advised on 12 deals worth USD 6.9bn in the first nine-and-a-half months of 2014, compared to eight worth just USD 137m YTD, representing a 33% decline in volume and a 98% decline in aggregate deal value. Greenberg Traurig’s deals in the region have declined similarly, 42% by volume from 12 a year ago, and 87% by combined value, from USD 1.6bn, resulting in its fall from fifth to sixth place. Simpson Thacher & Bartlett has lost ground in deal volume but gained slightly by aggregate value; it ranked second in mid-October, 2014 with 15 deals worth USD 6.56bn, compared to six worth USD 6.63bn YTD. None of the trailing three firms in the chart, all of which also garnered six mandates in the region YTD, were among the top 10 at mid-October, 2014.

 

Brazil Ranking – 2015

Financial Advisory – Year to Date (YTD)

3
Banco Itaú BBA continues to lead TTR’s Brazil financial advisory ranking at mid-October, as it did a year earlier. Deal volume is down 13% for Brazil’s top bank compared to its 45 transactions in 2014 to mid-October, but combined value is up 291% from USD 5bn a year ago to USD 19.8bn, putting it in the lead by aggregate value as well. Banco BTG Pactual follows, as it did a year ago, with 21 transactions worth USD 18.7bn, compared to 27 worth UD 10.1bn in mid-October last year. Banco Bradesco BBI ranks third, with nine deals together worth USD 15.6bn, up from fourth at this point last year when it’d advised on 12 deals worth USD 5.1bn in aggregate, representing a 25% decrease in volume and a 206% increase in aggregate value. BR Partners, in fourth, didn’t rank in the 10 leading banks in Brazil at mid-October, 2014. BAML, in fifth, rose from seventh a year ago, when it’d advised on six deals worth USD 555m. BAML’s deal volume is up 17% and its combined deal value up 967%. JPMorgan, in sixth by volume, didn’t place in the top 10 a year ago and now ranks third by aggregate value behind Itaú and BTG Pactual, with five deals together worth USD 18bn. Rothschild has also advised on five transactions YTD, as it had by mid-October, 2014, this year worth USD 12.9bn compared to USD 1bn then, representing a 1,135% leap in combined value. IGC Partners Assessoria Empresarial, Vinci Partners and Deloitte Global Services round out the top 10, with five mandates each YTD. None the trailing three were among the top 10 financial advisors in Brazil at mid-October, 2014.

Legal Advisory – Year to Date (YTD)

4
Pinheiro Neto Advogados leads TTR’s Brazil legal advisory ranking for the first nine-and-a-half months of 2014, with 42 mandates together worth USD 10.2bn compared to 51 deals worth USD 6.9bn combined a year ago. Pinheiro Neto has bumped Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados from the slight lead it held in mid-October, 2014, when both firms had advised on an equal number of deals. The second-ranked firm has increased the combined consideration of its deals by 56% to lead the chart by aggregate value of USD 16bn. Machado, Meyer, Sendacz e Opice Advogados climbed one position from fourth a year ago to take third, its deal volume falling by just one deal, or 2.7%, its aggregate deal value growing 365% from USD 2.8bn to USD 13bn. Veirano Advogados is up from sixth place a year ago to take fourth, with three more deals under its belt than it had in mid-October, 2014. Veirano’s combined deal value is up 276% from USD 1.5bn a year ago. Souza Cescon Advogados has climbed two positions to take fifth with 31 deals worth USD 6.6bn in aggregate, compared to 27 worth USD 11bn a year ago. Barbosa, Müssnich, Aragão has climbed from tenth at mid-October, 2014 to take sixth place, with 29 deal mandates YTD worth USD 10.6bn compared to 23 worth USD 5.2bn a year ago. Demarest has increased deal count from 24 to 28, while the firm’s aggregate value has fallen 11% from USD 2.1bn to 1.9bn, putting it in seventh compared to ninth a year ago. TozziniFreire Advogados, in eighth, ranked fifth a year ago, its deal count falling 23% from 30 transactions, the combined value of its deals falling 72% from 3.4bn. Pinheiro Guimarães Advogados, in ninth, didn’t rank among the top 10 a year ago. Koury Lopes Advogados, in tenth, advised on 28 deals together worth 2.7bn to mid-October, 2014 when it ranked seventh, compared to 18 worth USD 106m YTD.

Mexico Ranking – 2015

Financial Advisory – Year to Date (YTD)

5

BBVA leads TTR’s Mexico financial advisory ranking at mid-October with twice as many deals under its belt as a year ago, when it also led the ranking. Spanish rival Santander follows in second, up from tenth a year ago, with four advisory mandates YTD compared to just one a year ago, this year worth USD 1.5bn in aggregate compared to USD 1.3bn then. Pablo Rión y Asociados, in third, has also advised on four deals YTD, after not appearing among the top 10 to mid-October, 2014. Evercore Partners, Alfaro Dávila y Ríos and Credit Suisse, in fourth, fifth and sixth, respectively, were all absent from the top 10 chart a year ago. Citigroup, in seventh, has two transactions to its name in Mexico, as it did a year ago, then worth USD 1.7bn in aggregate compared to USD 1.2bn YTD. Lazard and Vace Partners, in eighth and ninth place, respectively, were absent from the top 10 in mid-October, 2014. BAML, brings up the rear, also with two deals, the same number it had advised on in the first nine-and-a-half months of 2014 for which it ranked seventh, while aggregate value is down 86% for the US bank from USD 634m a year ago.

Legal Advisory – Year to Date (YTD)

6

Creel, García-Cuéllar, Aiza y Enríquez leads TTR’s Mexico legal advisory ranking at mid-October, 2015, as it did a year prior, when it’d advised on 21 transactions together worth USD 8.6bn. Deal volume is up 19% and aggregate value up 49% for the leading Mexican firm compared to its performance in the first nine-and-a-half months of 2014. Mijares, Angoitia, Cortés y Fuentes follows in second, as it did a year ago, with 17 deals worth USD 4.4bn compared to 13 worth just under USD 3bn by mid-October, 2014. Galicia Abogados climbed two places to rank third advising on 11 deals worth USD 5.3bn combined YTD, an 83% jump in deal volume and a 356% increase in combined deal value from mid-Oct, 2014, when the firm had advised on six deals together worth USD 1.2bn. Jones Day México, in fourth, has bumped White & Case México down a notch to fifth place in the ranking. Jones Day was not among the top 10 in the first nine-and-a-half months of 2014. White & Case is down by one deal compared to its volume at mid-October a year ago, while its aggregate deal value has fallen 83% from USD 686m to USD 113m. Nader Hayaux & Goebel Abogados and Santamarina y Steta Abogados, in sixth and seventh, respectively, have both clinched five deals YTD. Neither was among the top 10 a year ago. Basham Ringe y Correa, also with five transactions under its belt YTD, has climbed one position to take eighth by adding two deals to its volume of a year ago and increasing aggregate value to USD 1.4bn. Holland & Knight México fell two positions, meanwhile, despite maintaining the same number of transactions as it had advised on by mid-October, 2014, the combined value of its deals falling 78% from USD 2.3bn to USD 500m. Greenberg Traurig México retains the tenth place spot it held a year ago, despite doubling its deal mandates to four. The aggregate value of the firm’s deals fell 76% from USD 831m to USD 199m.