Mergermarket Global & Regional 1

M&A Report 2021

Finding the opportunities in mergers and acquisitions

Global & Regional

League Tables 2021
Financial Advisors

https://mergermarket.com/info/
Mergermarket Global & Regional 2
M&A Report 2021

Contents
Regional ranking comparison

Global Advisory League Tables 03

EMEA Advisory League Tables 05
America Advisory League Tables 21
Aisa Pacific Advisory League Tables 27
Private Equity Advisory League Tables 34
Criteria and Contacts 38

https://mergermarket.com/info/
Mergermarket Global & Regional 3
M&A Report 2021

Global League tables

Financial advisor league table by value

Ranking 2021 2020 Regional ranking comparison

Middle
Value % Value Value Latin
2021 2020 Company Name Deal Count Europe US Asia Pacific Japan East &
(USDm) Change (USDm) America
Africa
1 1 Goldman Sachs & Co 1,799,405 604 95.7% 919,525 1 1 4 1 1 5 1
2 3 JPMorgan 1,515,772 600 96.1% 773,151 2 2 5 4 4 3 2
3 2 Morgan Stanley 1,234,266 422 47.7% 835,774 3 3 2 2 2 9 3
4 6 Citi 928,863 336 139.8% 387,312 5 5 3 6 8 4 4
5 4 Bank of America 922,064 341 62.0% 569,232 4 4 7 3 6 20 5
6 7 Barclays 632,044 264 131.3% 273,204 11 6 18 11 18 24 6
7 5 Credit Suisse 498,385 273 27.4% 391,126 8 8 12 7 16 6 7
8 8 Lazard 429,050 288 61.4% 265,883 7 9 37 36 10 12 8
9 10 Evercore 415,264 209 66.6% 249,200 14 7 11 37 42 73 9
10 9 Rothschild & Co 371,144 522 45.9% 254,412 6 16 23 17 11 13 10
11 11 UBS Investment Bank 336,722 210 35.5% 248,449 12 14 6 21 15 14 11
12 13 Deutsche Bank 308,787 169 67.7% 184,095 10 12 35 56 17 30 12
13 16 Jefferies 264,261 340 54.5% 171,094 15 10 27 13 13 22 13
14 19 BNP Paribas 261,549 148 103.1% 128,776 9 19 51 - 3 27 14
15 18 Centerview Partners 248,486 88 55.5% 159,811 17 11 32 24 45 - 15
16 12 China International Capital Corporation 212,594 84 3.9% 204,651 128 109 1 - - 51 16
17 26 Perella Weinberg Partners 210,800 74 189.6% 72,789 21 15 - - - - 17
18 25 LionTree Advisors 187,291 42 136.9% 79,063 29 13 139 - - 16 18
19 21 Moelis & Company 165,038 218 33.6% 123,559 40 18 44 80= 5 34 19
20 14 HSBC 164,978 62 -7.9% 179,189 24 27 21 31= 9 11 20
21

https://mergermarket.com/info/
Mergermarket Global & Regional 4
M&A Report 2021

Global League tables

Financial advisor league table by deal count

Ranking 2021 2020 Regional ranking comparison

Middle
Value Count Latin
2021 2020 Company Name Deal Count Deal Count Europe US Asia Pacific Japan East &
(USDm) Change America
Africa
1 1 PwC 84,745 720 200 520 1 20 1 10 9 20 1
2 2 Deloitte 69,948 662 149 513 2 21 8 3 12 36 2
3 3 KPMG 96,600 619 178 441 3 27 3 1 15 26 3
4 5 Goldman Sachs & Co 1,799,405 604 237 367 6 1 5 11 3 9 4
5 6 JPMorgan 1,515,772 600 304 296 7 2 7 12 2 6 5
6 7 Rothschild & Co 371,144 522 232 290 4 19 13 16 1 5 6
7 4 EY 106,157 513 96 417 5 22 2 17 5 33= 7
8 8 Morgan Stanley 1,234,266 422 144 278 11 4 4 7 6 15 8
9 9 Houlihan Lokey 101,804 414 161 253 10 3 30 14 50 41 9
10 10 Bank of America 922,064 341 89 252 18 6 15 9 7 13 10
11 12 Jefferies 264,261 340 153 187 20 5 20 25 8 31 11
12 13 Citi 928,863 336 162 174 16 7 9 19 4 8 12
13 11 Lazard 429,050 288 86 202 9 17 27 28 18 12 13
14 19 Credit Suisse 498,385 273 131 142 22 13 14 23 19 10 14
15 16 Lincoln International 14,241 269 114 155 12 18 50 26 27 58 15
16 15 Barclays 632,044 264 106 158 21 9 31 24 11 32 16
17 22 Raymond James 40,837 246 115 131 27 11 83 62 39 67 17
18 29 William Blair & Company 55,836 224 127 97 35 10 53 - 42 50 18
19 21 Moelis & Company 165,038 218 85 133 36 16 22 35= 17 46 19
20 24 Piper Sandler Companies 71,471 214 96 118 70 8 112 27 29 - 20
21

https://mergermarket.com/info/
Mergermarket Global & Regional 5
M&A Report 2021

EMEA Advisory League tables

Europe league table by value Europe league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 1 Goldman Sachs & Co 740,564 239 67.0% 443,465 1 1 2 PwC 51,955 486 135 351
2 2 JPMorgan 553,374 230 40.9% 392,615 2 2 1 Deloitte 52,645 474 122 352
3 3 Morgan Stanley 475,905 148 47.8% 322,049 3 3 3 KPMG 61,580 415 78 337
4 4 Bank of America 355,674 122 58.7% 224,101 4 4 5 Rothschild & Co 325,164 412 169 243
5 6 Citi 336,648 127 68.7% 199,562 5 5 4 EY 45,088 364 65 299
6 5 Rothschild & Co 325,164 412 62.3% 200,290 6 6 6 Goldman Sachs & Co 740,564 239 95 144
7 7 Lazard 225,568 160 24.4% 181,325 7 7 7 JPMorgan 553,374 230 96 134
8 8 Credit Suisse 219,029 92 32.6% 165,173 8 8 13 Clearwater International 7,362 174 89 85
9 13 BNP Paribas 202,407 122 82.8% 110,752 9 9 8 Lazard 225,568 160 39 121
10 11 Deutsche Bank 187,694 79 55.9% 120,393 # 10 14 Houlihan Lokey 23,080 150 67 83
11 9 Barclays 186,513 97 26.1% 147,953 # 11 11 Morgan Stanley 475,905 148 52 96
12 12 UBS Investment Bank 143,847 90 22.9% 117,080 # 12 15 Lincoln International 5,315 145 65 80
13 15 Societe Generale 134,479 44 65.0% 81,525 # 13 9 BDO 549 143 32 111
14 14 Evercore 114,461 63 19.7% 95,602 # 14 10 Oaklins 2,994 138 34 104
15 16 Jefferies 100,371 106 23.2% 81,475 # 15 24 Grant Thornton 1,032 130 71 59
16 20 Mediobanca 93,649 64 76.1% 53,185 # 16 16 Citi 336,648 127 50 77
17 18 Centerview Partners 89,476 34 37.3% 65,185 # 17 19 Alantra 8,021 125 54 71
18 32 PJT Partners 71,535 25 147.7% 28,881 # 18 12 Bank of America 355,674 122 28 94
19 19 Credit Agricole 65,686 62 19.0% 55,182 # 19 17 BNP Paribas 202,407 122 50 72
20 36 KPMG 61,580 415 194.7% 20,896 # 20 23 Jefferies 100,371 106 44 62
#
#

https://mergermarket.com/info/
Mergermarket Global & Regional 6
M&A Report 2021

EMEA Advisory League tables

UK league table by value UK league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 3 Goldman Sachs & Co 223,371 108 28.9% 173,246 1 1 1 Rothschild & Co 114,466 175 78 97
2 2 JPMorgan 185,187 86 0.3% 184,611 2 2 4 PwC 14,764 115 40 75
3 10 Rothschild & Co 114,466 175 100.8% 57,010 3 3 3 KPMG 7,118 109 28 81
4 7 Bank of America 111,934 49 31.7% 85,013 4 4 7 Goldman Sachs & Co 223,371 108 54 54
5 4 Barclays 95,192 45 -16.3% 113,735 5 5 10 Grant Thornton 638 107 68 39
6 5 Citi 91,763 44 -12.5% 104,916 6 6 2 Deloitte 10,917 90 8 82
7 1 Morgan Stanley 84,421 46 -57.5% 198,682 7 7 6 JPMorgan 185,187 86 28 58
8 11 Jefferies 71,463 62 27.7% 55,974 8 8 5 EY 9,868 73 5 68
9 13 Lazard 50,782 46 7.8% 47,116 9 9 8 Houlihan Lokey 11,897 70 23 47
10 6 Credit Suisse 37,066 27 -58.4% 89,042 # 10 14 Jefferies 71,463 62 27 35
11 12 Evercore 35,721 36 -35.2% 55,160 # 11 21 Lincoln International 1,214 56 29 27
12 39 BNP Paribas 34,512 17 459.4% 6,169 # 12 18 Alantra 3,434 50 18 32
13 24 Jamieson Corporate Finance 30,439 43 91.7% 15,877 # 13 13 Bank of America 111,934 49 14 35
14 19 Deutsche Bank 30,239 24 26.6% 23,881 # 14 31 Liberty Corporate Finance 6,597 49 30 19
15 15 Centerview Partners 26,750 14 -37.0% 42,473 # 15 19 Clearwater International 200 48 17 31
16 22 RBC Capital Markets 26,644 22 38.2% 19,285 # 16 9 BDO 180 47 2 45
17 23 Robey Warshaw 24,973 2 31.1% 19,043 # 17 11 Morgan Stanley 84,421 46 8 38
18 54 Numis Securities 22,139 20 429.0% 4,185 # 18 12 Lazard 50,782 46 8 38
19 8 HSBC 20,242 22 -73.0% 74,920 # 19 15 Barclays 95,192 45 11 34
20 9 UBS Investment Bank 17,214 23 -70.3% 57,906 # 20 17 Citi 91,763 44 12 32
#
#

https://mergermarket.com/info/
Mergermarket Global & Regional 7
M&A Report 2021

EMEA Advisory League tables

Ireland league table by value Ireland league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 1 Goldman Sachs & Co 65,866 14 846.9% 6,956 1 1 1 KPMG 992 31 14 17
2 3 Citi 54,010 8 1021.0% 4,818 2 2 2 Deloitte 2,704 30 14 16
3 - Evercore 37,505 3 - - 3 3 19 Rothschild & Co 13,827 16 13 3
4 10 Morgan Stanley 34,099 3 4716.2% 708 4 4 3 IBI Corporate Finance 882 16 7 9
5 9 PJT Partners 31,086 1 4067.0% 746 5 5 15 Goldman Sachs & Co 65,866 14 11 3
6 54 JPMorgan 24,851 10 55124.4% 45 6 6 5 Davy Corporate Finance 6,532 12 6 6
7 15 Centerview Partners 24,171 5 3718.5% 633 7 7 11 EY 389 12 8 4
8 17 Bank of America 21,496 5 3808.4% 550 8 8 4 PwC 267 12 3 9
9 100 UBS Investment Bank 19,777 5 - - 9 9 14 JPA Brenson Lawlor 20 11 7 4
10 19 Rothschild & Co 13,827 16 2704.7% 493 # 10 33 JPMorgan 24,851 10 8 2
#
#
DACH league table by value DACH league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 2 Goldman Sachs & Co 157,310 50 70.0% 92,547 1 1 1 EY 11,304 90 19 71
2 6 Bank of America 127,872 32 153.0% 50,543 2 2 2 PwC 5,490 79 17 62
3 1 JPMorgan 125,116 45 24.4% 100,589 3 3 4 Deloitte 8,081 76 16 60
4 7 Deutsche Bank 98,901 35 96.7% 50,286 4 4 3 KPMG 6,392 68 7 61
5 11 Morgan Stanley 93,884 36 220.0% 29,341 5 5 5 Rothschild & Co 35,453 64 21 43
6 5 UBS Investment Bank 86,295 31 62.3% 53,184 6 6 7 Goldman Sachs & Co 157,310 50 10 40
7 14 Citi 76,196 27 264.3% 20,917 7 7 12 BDO 146 48 21 27
8 4 Credit Suisse 73,576 29 25.8% 58,478 8 8 8 JPMorgan 125,116 45 9 36
9 33 Perella Weinberg Partners 49,966 9 1330.1% 3,494 9 9 11 Lincoln International 1,030 44 16 28
10 17 Societe Generale 44,110 4 152.7% 17,458 # 10 17 Carlsquare 1,779 42 20 22

https://mergermarket.com/info/
Mergermarket Global & Regional 8
M&A Report 2021

EMEA Advisory League tables

Germany league table by value Germany league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 6 Bank of America 102,883 24 165.7% 38,725 1 1 1 EY 7,224 63 12 51
2 2 Goldman Sachs & Co 96,699 33 27.8% 75,662 2 2 2 PwC 2,824 56 11 45
3 7 Deutsche Bank 92,605 31 148.4% 37,274 3 3 3 KPMG 2,720 49 12 37
4 1 JPMorgan 88,989 28 8.6% 81,976 4 4 6 Rothschild & Co 24,336 42 12 30
5 15 Morgan Stanley 64,489 21 282.1% 16,878 5 5 4 Deloitte 5,520 42 7 35
6 5 UBS Investment Bank 49,082 12 10.7% 44,344 6 6 11 Carlsquare 1,757 41 19 22
7 30 Perella Weinberg Partners 46,633 6 1265.9% 3,414 7 7 9 Lincoln International 886 34 12 22
8 18 Citi 44,903 17 250.7% 12,802 8 8 7 Goldman Sachs & Co 96,699 33 6 27
9 14 Societe Generale 41,710 3 138.9% 17,458 9 9 40 Deutsche Bank 92,605 31 23 8
10 49 Victoria Partners 29,994 2 4458.4% 658 # 10 5 GCA Corporation 2,850 30 -2 32
11 31 ParkView Partners 29,856 2 813.9% 3,267 # 11 8 JPMorgan 88,989 28 3 25
12 10 BNP Paribas 27,408 13 -0.2% 27,472 # 12 34 Houlihan Lokey 1,911 28 19 9
13 8 Lazard 24,340 19 -32.0% 35,817 # 13 31 BDO 146 27 17 10
14 3 Rothschild & Co 24,336 42 -53.3% 52,145 # 14 12 Bank of America 102,883 24 3 21
15 20 Berenberg Bank 20,884 4 116.7% 9,636 # 15 10 Livingstone Partners 2 23 1 22
16 234 Landesbank Baden-Wuerttemberg 18,918 1 - - # 16 17 Morgan Stanley 64,489 21 6 15
17 4 Credit Suisse 16,139 7 -64.8% 45,870 # 17 19 Saxenhammer & Co Corporate Finance 60 21 7 14
18 28 Barclays 12,499 11 226.9% 3,824 # 18 26 Alantra 273 20 8 12
19 - Pangea Property Partners 10,665 1 - - # 19 25 IMAP M&A Consultants 59 20 7 13
20 23 Jamieson Corporate Finance 9,458 5 30.8% 7,229 # 20 13 Lazard 24,340 19 -1 20
#
#

https://mergermarket.com/info/
Mergermarket Global & Regional 9
M&A Report 2021

EMEA Advisory League tables

Switzerland league table by value Switzerland league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 3 Credit Suisse 57,437 23 333.2% 13,258 1 1 5 PwC 3,081 26 10 16
2 2 Goldman Sachs & Co 49,942 15 229.9% 15,140 2 2 8 Credit Suisse 57,437 23 12 11
3 8 UBS Investment Bank 43,190 21 361.4% 9,360 3 3 9 Rothschild & Co 11,412 23 12 11
4 10 Citi 35,739 9 369.9% 7,605 4 4 1 UBS Investment Bank 43,190 21 2 19
5 1 JPMorgan 35,598 15 115.5% 16,515 5 5 4 BDO - 21 3 18
6 5 Bank of America 28,994 7 156.4% 11,308 6 6 2 EY 3,123 20 1 19
7 83 Centerview Partners 24,529 7 - - 7 7 6 Deloitte 1,997 20 6 14
8 6 Morgan Stanley 22,675 11 103.1% 11,166 8 8 3 KPMG 3,292 16 -3 19
9 16 Lazard 13,312 10 348.1% 2,971 9 9 7 Goldman Sachs & Co 49,942 15 3 12
10 15 PJT Partners 12,765 2 314.7% 3,078 # 10 11 JPMorgan 35,598 15 7 8
#
Austria league table by value Austria league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 2 Goldman Sachs & Co 11,192 4 367.3% 2,395 1 1 1 Deloitte 979 22 6 16
2 7 Morgan Stanley 6,720 4 418.1% 1,297 2 2 3 EY 1,061 16 11 5
3 4 JPMorgan 6,506 3 210.1% 2,098 3 3 2 KPMG 380 11 -2 13
4 11 UniCredit Group 5,564 4 437.6% 1,035 4 4 - Clairfield International 6 5 5 0
5 1 HSBC 5,051 2 49.1% 3,388 5 5 11 Goldman Sachs & Co 11,192 4 2 2
6 14 Bank of America 1,972 2 286.7% 510 6 6 13 Morgan Stanley 6,720 4 2 2
7 - Lazard 1,661 3 - - 7 7 8 UniCredit Group 5,564 4 1 3
8 - UBS Investment Bank 1,661 1 - - 8 8 7 Rothschild & Co 658 4 1 3
9 16 Citi 1,531 2 200.2% 510 9 9 10 Lincoln International 125 4 1 3
10 23 EY 1,061 16 - - # 10= - MP Corporate Finance - 4 4 0
# 10= 16 PwC - 4 2 2

https://mergermarket.com/info/
Mergermarket Global & Regional 10
M&A Report 2021

EMEA Advisory League tables

France league table by value France league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 5 BNP Paribas 134,093 60 95.2% 68,705 1 1 1 Rothschild & Co 133,907 148 54 94
2 3 Rothschild & Co 133,907 148 72.9% 77,438 2 2 3 Lazard 130,682 65 26 39
3 4 Lazard 130,682 65 79.9% 72,628 3 3 5 BNP Paribas 134,093 60 26 34
4 1 Goldman Sachs & Co 103,378 33 3.4% 100,016 4 4 6 Credit Agricole 60,753 58 24 34
5 6 Societe Generale 88,938 32 39.8% 63,635 5 5 4 PwC 16,715 56 19 37
6 2 JPMorgan 87,479 27 4.9% 83,417 6 6 2 KPMG 2,128 53 5 48
Edmond de Rothschild Corporate
7 7 Morgan Stanley 76,461 19 31.2% 58,272 7 7 19 7,186 47 29 18
Finance
8 8 Credit Agricole 60,753 58 13.3% 53,619 8 8 12 Natixis 58,105 42 20 22
9 41 Natixis 58,105 42 2430.7% 2,296 9 9 14 Lincoln International 856 40 18 22
10 12 Bank of America 49,878 9 34.3% 37,148 # 10 7 Deloitte 9,725 38 5 33
11 19 Credit Suisse 48,927 12 523.9% 7,842 # 11 24 Clearwater International 6,313 38 22 16
12 36 Hottinguer Corporate Finance 43,604 10 1002.5% 3,955 # 12 11 Cambon Partners 1,835 37 12 25
13 13 Mediobanca 36,203 16 4.5% 34,657 # 13 10 EY 12,636 34 7 27
14 73 ING 33,907 5 8484.1% 395 # 14 15 Goldman Sachs & Co 103,378 33 12 21
Santander Corporate Investment Banking
15 30 32,579 2 525.2% 5,211 # 15 9 Societe Generale 88,938 32 4 28
(SCIB)
16 107 CIC Conseil 32,471 12 23429.7% 138 # 16 21 JPMorgan 87,479 27 10 17
17= 45 IMI - Intesa Sanpaolo 32,461 1 1736.0% 1,768 # 17 13 Oaklins 709 25 3 22
17= - Mizuho Financial Group 32,461 1 - - # 18 27 Bryan, Garnier & Co 284 24 10 14
19 11 Citi 29,422 16 -21.6% 37,529 # 19 25 Alantra 1,709 22 7 15
20 9 HSBC 25,376 14 -45.6% 46,683 # 20 28 Degroof Petercam 13,240 20 6 14
#

https://mergermarket.com/info/
Mergermarket Global & Regional 11
M&A Report 2021

EMEA Advisory League tables

Benelux league table by value Benelux league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 12 Morgan Stanley 79,537 16 1248.8% 5,897 1 1 1 Deloitte 3,358 65 15 50
2 1 Goldman Sachs & Co 70,597 21 18.4% 59,602 2 2 5 PwC 2,761 62 28 34
3 2 JPMorgan 33,154 39 -41.3% 56,452 3 3 2 KPMG 2,025 57 11 46
4 30 Credit Suisse 22,419 12 1070.1% 1,916 4 4 4 Rothschild & Co 19,781 56 19 37
5 6 Rothschild & Co 19,781 56 14.2% 17,323 5 5 3 EY 7,002 55 10 45
6 3 Lazard 18,904 24 -55.5% 42,503 6 6 8 Rabobank 8,845 46 21 25
7 9 Citi 13,612 13 54.9% 8,788 7 7 9 JPMorgan 33,154 39 15 24
8 15 Deutsche Bank 12,930 10 189.5% 4,467 8 8 6 GCG 22 37 9 28
9 7 Bank of America 9,675 14 -42.8% 16,906 9 9 7 ING 6,049 29 3 26
10 27 Barclays 8,998 15 347.4% 2,011 # 10 18 IMAP Netherlands 10 28 15 13
#
Iberia league table by value Iberia league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 3 JPMorgan 26,233 19 -14.9% 30,821 1 1 1 PwC 23,986 106 26 80
2 15 PwC 23,986 106 138.7% 10,048 2 2 2 Deloitte 16,839 76 21 55
3 1 Citi 23,123 12 -29.8% 32,940 3 3 3 KPMG 3,941 52 11 41
4 4 Goldman Sachs & Co 20,732 9 -18.8% 25,542 4 4 4 EY 7,962 39 1 38
Santander Corporate Investment Banking
5 16 Lazard 20,591 15 107.5% 9,925 5 5 7 15,411 26 11 15
(SCIB)
6 18 BNP Paribas 19,277 11 124.4% 8,589 6 6 16 Arcano Partners 2,233 24 14 10

7 6 Bank of America 17,420 13 -20.4% 21,871 7 7 13 JPMorgan 26,233 19 9 10

8 2 Morgan Stanley 17,399 13 -44.7% 31,471 8 8 29 Clearwater International 306 18 11 7

9 28 Deloitte 16,839 76 549.4% 2,593 9 9 6 AZ Capital 9,830 17 1 16
Santander Corporate Investment Banking
10 17 15,411 26 57.5% 9,787 # 10 17 Norgestion 15 17 7 10
(SCIB)

https://mergermarket.com/info/
Mergermarket Global & Regional 12
M&A Report 2021

EMEA Advisory League tables

Spain league table by value Spain league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 2 JPMorgan 25,059 16 -15.1% 29,533 1 1 1 PwC 23,652 98 23 75
2 15 PwC 23,652 98 145.2% 9,645 2 2 2 Deloitte 16,138 72 26 46
3 1 Citi 23,123 12 -29.8% 32,940 3 3 3 KPMG 3,819 48 13 35
4 14 Lazard 20,242 14 107.2% 9,771 4 4 4 EY 7,962 39 6 33
Santander Corporate Investment Banking
5 17 BNP Paribas 19,277 11 124.4% 8,589 5 5 9 15,411 25 12 13
(SCIB)
6 4 Goldman Sachs & Co 18,334 7 -28.2% 25,542 6 6 14 Arcano Partners 2,233 24 14 10
7 5 Bank of America 17,420 12 -15.4% 20,597 7 7 5 AZ Capital 9,830 17 1 16
8 3 Morgan Stanley 17,399 13 -37.4% 27,810 8 8 15 Norgestion 15 17 7 10
9 26 Deloitte 16,138 72 533.6% 2,547 9 9 18 JPMorgan 25,059 16 8 8
Santander Corporate Investment Banking
10 16 15,411 25 61.1% 9,568 # 10 8 Lazard 20,242 14 1 13
(SCIB)
11 41 Credit Suisse 12,850 5 1244.1% 956 # 11 21 Rothschild & Co 8,928 14 6 8
12 27 Societe Generale 10,774 7 460.6% 1,922 # 12 32 Alantra 905 14 9 5
13 9 AZ Capital 9,830 17 -33.7% 14,824 # 13 7 Morgan Stanley 17,399 13 0 13
14 47 Jamieson Corporate Finance 9,359 5 2112.5% 423 # 14 16 Citi 23,123 12 3 9
15 18 Rothschild & Co 8,928 14 4.8% 8,519 # 15 26 Bank of America 17,420 12 6 6
16 25 EY 7,962 39 211.7% 2,554 # 16 22 BDO 128 12 4 8
17 137 UBS Investment Bank 7,901 7 - - # 17 13 BNP Paribas 19,277 11 1 10
18 19 Barclays 7,474 5 3.8% 7,200 # 18 30 Clearwater International 6 11 5 6
19 34 Credit Agricole 5,157 5 248.2% 1,481 # 19 10 Houlihan Lokey 481 10 -2 12
20= 40 Key Capital Partners A.V 4,934 1 406.1% 975 # 20 55 Livingstone Partners 33 10 8 2
20= - Reyl & Cie Holding 4,934 1 - - #

https://mergermarket.com/info/
Mergermarket Global & Regional 13
M&A Report 2021

EMEA Advisory League tables

Italy league table by value Italy league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 6 JPMorgan 96,933 20 315.5% 23,332 1 1 2 Deloitte 11,073 105 40 65
2 1 Goldman Sachs & Co 90,892 14 134.6% 38,749 2 2 1 KPMG 42,653 95 19 76
3 4 Mediobanca 59,289 51 142.9% 24,405 3 3 3 PwC 3,180 63 19 44
4 7 Rothschild & Co 58,389 46 157.3% 22,697 4 4 4 EY 2,916 52 8 44
5 3 Morgan Stanley 50,801 12 97.7% 25,692 5 5 5 Mediobanca 59,289 51 20 31
6 21 KPMG 42,653 95 692.5% 5,382 6 6 7 Rothschild & Co 58,389 46 26 20
7 - LionTree Advisors 40,092 1 - - 7 7 9 UniCredit Group 33,850 21 4 17
8 26 UniCredit Group 33,850 21 776.9% 3,860 8 8 19 JPMorgan 96,933 20 11 9
9 12 Bank of America 32,046 7 95.9% 16,361 9 9 8 Lazard 27,739 19 1 18
10 31 Citi 30,571 8 1560.6% 1,841 # 10 22 BNP Paribas 10,751 19 11 8
11 10 Credit Suisse 30,398 7 66.3% 18,274 # 11 13 EQUITA S.I.M 30,018 18 5 13
12 5 EQUITA S.I.M 30,018 18 26.9% 23,651 # 12 14 Clairfield International 353 18 5 13
13 2 Lazard 27,739 19 6.1% 26,134 # 13 10 IMI - Intesa Sanpaolo 10,029 16 1 15
14 16 CC & Soci 22,388 5 138.7% 9,380 # 14 6 Vitale & Co 6,059 15 -7 22
15 11 Deutsche Bank 17,179 14 4.6% 16,418 # 15 12 Fineurop Soditic 288 15 1 14
16 17 Barclays 14,963 5 78.6% 8,377 # 16 11 Goldman Sachs & Co 90,892 14 0 14
17 28 Deloitte 11,073 105 412.2% 2,162 # 17 33 Deutsche Bank 17,179 14 9 5
18 23 BNP Paribas 10,751 19 122.6% 4,830 # 18 26 Lincoln International 594 14 7 7
19 8 IMI - Intesa Sanpaolo 10,029 16 -53.0% 21,361 # 19 20 Banca Akros - Oaklins 8,758 13 4 9
20 44 Banca Akros - Oaklins 8,758 13 1672.9% 494 # 20 25 Clearwater International 201 13 6 7
#
#

https://mergermarket.com/info/
Mergermarket Global & Regional 14
M&A Report 2021

EMEA Advisory League tables

Nordics league table by value Nordics league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 1 Goldman Sachs & Co 110,111 40 136.3% 46,601 1 1 2 PwC 7,131 120 44 76
2 2 Morgan Stanley 78,799 29 175.4% 28,612 2 2 3 Deloitte 11,127 118 56 62
3 6 Barclays 45,613 11 118.7% 20,854 3 3 1 EY 8,361 107 26 81
4 11 Deutsche Bank 45,132 11 235.0% 13,471 4 4 5 KPMG 2,513 54 14 40
5 3 JPMorgan 42,942 30 59.6% 26,902 5 5 15 Clearwater International 216 54 34 20
6 25 Rothschild & Co 41,044 51 593.1% 5,922 6 6 12 Rothschild & Co 41,044 51 30 21
7 12 SEB 34,466 31 185.1% 12,087 7 7 4 Carnegie Investment Bank 20,636 45 0 45
8 5 Citi 34,155 13 60.5% 21,284 8 8 7 Danske Bank 18,995 41 13 28
9 24 Evercore 24,792 11 267.2% 6,752 9 9 13 Goldman Sachs & Co 110,111 40 20 20
10 15 Credit Suisse 24,484 14 106.5% 11,854 # 10 11 BDO 56 34 12 22
11 13 Handelsbanken Capital Markets 23,409 15 93.7% 12,087 # 11 8 SEB 34,466 31 4 27
12 27 Jefferies 22,969 23 295.3% 5,810 # 12 17 JPMorgan 42,942 30 12 18
13 20 Carnegie Investment Bank 20,636 45 128.5% 9,033 # 13 9 DNB Markets 11,698 30 5 25
14 14 Nordea 20,592 21 71.3% 12,018 # 14 19 Morgan Stanley 78,799 29 15 14
15 - Guggenheim Partners 20,063 1 - - # 15 10 Oaklins 216 29 7 22
16 22 Danske Bank 18,995 41 133.4% 8,138 # 16 6 ABG Sundal Collier Holding 8,137 27 -3 30
17 4 Bank of America 18,608 12 -30.6% 26,811 # 17 16 Nordhaven Corporate Finance 286 26 6 20
18 - Qatalyst Group 15,843 4 - - # 18 24 Translink Corporate Finance 39 24 13 11
19 7 Lazard 14,206 20 -14.9% 16,701 # 19 34 Jefferies 22,969 23 15 8
20 232 Pangea Property Partners 13,339 5 - - # 20 44 Livingstone Partners 23 23 16 7
#
#

https://mergermarket.com/info/
Mergermarket Global & Regional 15
M&A Report 2021

EMEA Advisory League tables

Denmark league table by value Denmark league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 3 Morgan Stanley 9,727 4 -51.4% 20,006 1 1 3 Deloitte 3,660 45 27 18
2 6 JPMorgan 7,175 5 -39.4% 11,844 2 2 1 PwC 698 33 9 24
3 18 Danske Bank 6,594 15 48.4% 4,442 3 3 4 Clearwater International 156 29 15 14
4 19 Rothschild & Co 6,428 13 70.4% 3,772 4 4 2 EY 746 25 4 21
5 2 Goldman Sachs & Co 5,703 7 -73.1% 21,172 5 5 6 Danske Bank 6,594 15 5 10
6 35 Moelis & Company 5,646 7 1096.2% 472 6 6 17 Rothschild & Co 6,428 13 8 5
7 - BNP Paribas 5,085 6 - - 7 7 8 Oaklins 99 12 3 9
8 22 Nordea 4,605 6 217.6% 1,450 8 8 13 KPMG 1,068 11 5 6
9 28 Evercore 3,666 3 443.9% 674 9 9 14 Nordic M&A 271 11 5 6
10 9 Deloitte 3,660 45 -64.4% 10,292 # 10 10 Carnegie Investment Bank 2,650 9 2 7
#
#
Norway league table by value Norway league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 11 SEB 17,763 6 783.7% 2,010 1 1 1 DNB Markets 9,474 22 -1 23
2 5 Barclays 10,977 3 97.3% 5,563 2 2 6 EY 1,152 20 6 14
3 9 DNB Markets 9,474 22 294.8% 2,400 3 3 2 Deloitte 386 19 -3 22
4 1 Goldman Sachs & Co 8,250 9 -22.0% 10,575 4 4 8 PwC 355 19 8 11
5 4 Arctic Securities 7,474 14 -12.8% 8,571 5 5 9 Danske Bank 3,878 18 8 10
6 23 Rothschild & Co 5,061 13 678.6% 650 6 6 5 Carnegie Investment Bank 3,786 18 4 14
7 13 Morgan Stanley 4,858 4 211.8% 1,558 7 7 3 ABG Sundal Collier Holding 4,464 16 -5 21
8 8 JPMorgan 4,653 6 68.1% 2,768 8 8 11 SpareBank 1 Markets 3,262 16 8 8
9 6 ABG Sundal Collier Holding 4,464 16 -0.7% 4,496 9 9 17 KPMG 630 16 12 4
10 25 Danske Bank 3,878 18 677.2% 499 # 10 4 Arctic Securities 7,474 14 -2 16

https://mergermarket.com/info/
Mergermarket Global & Regional 16
M&A Report 2021

EMEA Advisory League tables

Sweden league table by value Sweden league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 1 Goldman Sachs & Co 92,504 26 628.5% 12,698 1 1 2 PwC 5,819 66 22 44
2 3 Morgan Stanley 60,416 19 649.6% 8,060 2 2 3 Deloitte 7,432 65 39 26
3 122 Barclays 42,912 7 - - 3 3 1 EY 6,293 62 16 46
4 15 Deutsche Bank 42,588 8 1126.3% 3,473 4 4 14 Clearwater International 121 35 26 9
5 2 JPMorgan 34,562 22 303.4% 8,568 5 5 4 Carnegie Investment Bank 18,337 30 5 25
6 9 SEB 32,941 23 566.8% 4,940 6 6 8 Goldman Sachs & Co 92,504 26 14 12
7 12 Citi 32,200 6 668.7% 4,189 7 7 10 Rothschild & Co 29,819 25 15 10
8 30 Rothschild & Co 29,819 25 1920.3% 1,476 8 8 5 KPMG 925 24 -1 25
9 23 Handelsbanken Capital Markets 23,409 14 822.7% 2,537 9 9 7 SEB 32,941 23 9 14
10 14 Jefferies 21,212 17 464.0% 3,761 # 10 15 JPMorgan 34,562 22 14 8
#
#
Finland league table by value Finland league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 5 Goldman Sachs & Co 11,133 5 225.9% 3,416 1 1 3 EY 2,321 19 8 11
2 - Qatalyst Group 8,112 1 - - 2 2 1 PwC 338 17 3 14
3 50 Rothschild & Co 6,037 4 - - 3 3 2 Nordhaven Corporate Finance 222 13 1 12
4 10 Danske Bank 5,604 5 90.9% 2,935 4 4 10 MCF Corporate Finance 2,243 12 7 5
5 60 Daiwa Securities Group / DC Advisory 4,809 1 - - 5 5 4 KPMG 480 12 2 10
6
7

https://mergermarket.com/info/
Mergermarket Global & Regional 17
M&A Report 2021

EMEA Advisory League tables

CEE league table by value CEE league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 1 JPMorgan 23,700 17 34.3% 17,643 1 1 3 EY 2,938 43 10 33
2 7 Bank of America 13,128 9 58.8% 8,266 2 2 1 Deloitte 1,892 42 5 37
3 3 Goldman Sachs & Co 8,609 4 -21.8% 11,015 3 3 2 PwC 3,157 36 0 36
4 24 Evercore 8,605 2 1091.8% 722 4 4 4 KPMG 4,214 32 8 24
5 13 UBS Investment Bank 8,022 6 220.6% 2,502 5 5 8 JPMorgan 23,700 17 8 9
6 5 Citi 7,959 9 -9.3% 8,774 6 6 6 VTB Capital AO 6,731 17 5 12
7 9 VTB Capital AO 6,731 17 -5.8% 7,149 7 7 7 Rothschild & Co 2,131 15 4 11
8 15 UniCredit Group 5,659 13 262.5% 1,561 8 8 5 UniCredit Group 5,659 13 -3 16
9 14 HSBC 5,051 2 141.6% 2,091 9 9 45 Globalscope Partners 201 13 11 2
10 8 Credit Suisse 4,226 5 -45.9% 7,808 # 10 10 Sberbank OAO 1,877 12 3 9
11 16 KPMG 4,214 32 234.7% 1,259 # 11 11 BNP Paribas 4,129 11 4 7
12 6 BNP Paribas 4,129 11 -51.9% 8,577 # 12 24 Oaklins - 11 7 4
13 27 Morgan Stanley 3,976 6 768.1% 458 # 13 30 Bank of America 13,128 9 7 2
14 28 PwC 3,157 36 607.8% 446 # 14 9 Citi 7,959 9 0 9
Santander Corporate Investment Banking
15 20 EY 2,938 43 212.6% 940 # 15 16 2,624 9 4 5
(SCIB)
Santander Corporate Investment Banking
16 11 2,624 9 -44.5% 4,727 # 16 22 Superia 173 9 5 4
(SCIB)
17 10 Lazard 2,140 2 -62.6% 5,718 # 17 18 Trigon Group 2,031 8 3 5
18 4 Rothschild & Co 2,131 15 -79.7% 10,478 # 18 26 Clairfield International - 7 4 3
19 - LionTree Advisors 2,083 1 - - # 19 17 UBS Investment Bank 8,022 6 1 5
20 25 Barclays 2,034 5 272.5% 546 # 20 61 Morgan Stanley 3,976 6 5 1
#

https://mergermarket.com/info/
Mergermarket Global & Regional 18
M&A Report 2021

EMEA Advisory League tables

Poland league table by value Poland league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 1 JPMorgan 6,903 4 17.1% 5,893 1 1 1 PwC 1,945 15 0 15
2 12 BNP Paribas 4,129 6 489.0% 701 2 2 2 Deloitte 220 15 4 11
3 5 Goldman Sachs & Co 3,558 2 60.8% 2,212 3 3 3 EY 2,114 11 5 6
Santander Corporate Investment Banking
4 15 Morgan Stanley 2,978 2 550.2% 458 4 4 4 2,624 8 3 5
(SCIB)
Santander Corporate Investment Banking
5 4 2,624 8 -44.5% 4,727 5 5 9 Trigon Group 2,031 8 5 3
(SCIB)
6 3 Lazard 2,140 2 -59.6% 5,297 6 6 5 Rothschild & Co 497 7 2 5
7 17 EY 2,114 11 566.9% 317 7 7 16 BNP Paribas 4,129 6 4 2
8 24 Trigon Group 2,031 8 1910.9% 101 8 8 17 Clairfield International - 5 3 2
9 16 PwC 1,945 15 458.9% 348 9 9 11 JPMorgan 6,903 4 2 2
10= 10 AZ Capital 1,908 1 101.5% 947 # 10= 54 KPMG - 4 3 1
10= - ING 1,908 1 - - # 10= - Oaklins - 4 4 0
#
Russia league table by value Russia league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 6 JPMorgan 6,355 5 595.3% 914 1 1 1 VTB Capital AO 6,007 16 4 12
2 1 VTB Capital AO 6,007 16 -16.0% 7,149 2 2 2 Sberbank OAO 1,298 11 2 9
3 2 Citi 3,679 3 -41.1% 6,241 3 3 10 EY 1,104 7 5 2
4 - Bank of America 3,363 5 - - 4 4 9 JPMorgan 6,355 5 3 2
5 5 KPMG 2,852 4 212.0% 914 5 5 - Bank of America 3,363 5 5 0
6 - Credit Suisse 2,421 2 - - 6 6 7 KPMG 2,852 4 1 3
7 - LionTree Advisors 2,083 1 - - 7 7 5 Advance Capital 89 4 0 4
8 7 Sberbank OAO 1,298 11 54.5% 840 8 8 - UBS Investment Bank 48 4 4 0
9= - Alfa Bank 1,132 1 - - 9 9 3 Citi 3,679 3 -2 5
9= - Credit Bank Of Moscow OAO [MKB] 1,132 1 - - # 10 - Credit Suisse 2,421 2 2 0

https://mergermarket.com/info/
Mergermarket Global & Regional 19
M&A Report 2021

EMEA Advisory League tables

Turkey league table by value Turkey league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 - Bank of America 2,561 1 - - 1 1 2 EY 208 8 2 6
2 9 Citi 1,985 3 341.1% 450 2 2 12 Unlu & Co 549 7 5 2
3 16 Goldman Sachs & Co 1,786 5 1175.7% 140 3 3 9 PwC 252 6 3 3
4 17 Unlu & Co 549 7 369.2% 117 4 4 4 Pragma Corporate Finance 221 6 1 5
5 37 UniCredit Group 360 1 - - 5 5 24 Goldman Sachs & Co 1,786 5 4 1
Development and Investment Bank of
6 10 Dome Group 325 2 -20.1% 407 6 6 1 214 4 -2 6
Turkey (TKYB)
7 - Credit Suisse 325 1 - - 7 7 - IS Investment Securities 93 4 4 0
8 22 BNP Paribas 297 3 890.0% 30 8 8 8 Citi 1,985 3 0 3
9 11 Barclays 280 2 -0.067 300 9 9 7 BNP Paribas 297 3 -1 4
10 15 PwC 252 6 80.0% 140 # 10 27 Alpacar Associates 159 3 2 1
#
#
#

https://mergermarket.com/info/
Mergermarket Global & Regional 20
M&A Report 2021

EMEA Advisory League tables

MEA league table by value MEA league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 8 Goldman Sachs & Co 106,357 21 749.6% 12,519 1 1 3 Rothschild & Co 16,509 38 16 22
2 4 Morgan Stanley 73,643 15 205.3% 24,123 2 2 6 JPMorgan 51,289 26 15 11
3 38 BNP Paribas 57,921 8 13723.6% 419 3 3 9 Goldman Sachs & Co 106,357 21 13 8
4 2 JPMorgan 51,289 26 27.8% 40,119 4 4 8 Citi 22,303 21 13 8
5 6 Moelis & Company 31,491 8 120.5% 14,282 5 5 1 EY 22,718 16 -11 27
6 5 Bank of America 24,731 14 31.4% 18,828 6 6 7 Morgan Stanley 73,643 15 5 10
7 16 EY 22,718 16 876.3% 2,327 7 7 5 Bank of America 24,731 14 2 12
8 1 Citi 22,303 21 -50.4% 44,938 8 8 37 Jefferies 14,496 12 10 2
9 10 HSBC 19,510 10 60.7% 12,138 9 9 2 PwC 1,613 12 -11 23
10 28 Lazard 19,169 8 1813.1% 1,002 # 10 11 HSBC 19,510 10 3 7
11 3 Rothschild & Co 16,509 38 -46.4% 30,822 # 11 13 Barclays 7,161 10 4 6
12 23 Standard Chartered 15,418 5 1021.3% 1,375 # 12 18 Deloitte 471 10 5 5
13 30 Jefferies 14,496 12 1351.1% 999 # 13 19 UBS Investment Bank 7,947 9 5 4
14 42 Qatalyst Group 8,112 1 2122.5% 365 # 14 4 Standard Bank Group 4,187 9 -11 20
15 17 UBS Investment Bank 7,947 9 265.2% 2,176 # 15 10 KPMG 1,345 9 1 8
16 32 Credit Suisse 7,913 7 744.5% 937 # 16 14 BNP Paribas 57,921 8 2 6
17 14 Deutsche Bank 7,183 3 164.3% 2,718 # 17 16 Moelis & Company 31,491 8 3 5
18 12 Barclays 7,161 10 81.7% 3,941 # 18 12 Lazard 19,169 8 1 7
19 22 Nomura Holdings 7,022 7 361.4% 1,522 # 19 20 Credit Suisse 7,913 7 3 4
20 - Hottinguer Corporate Finance 6,423 1 - - # 20 34 Nomura Holdings 7,022 7 5 2
#
#

https://mergermarket.com/info/
Mergermarket Global & Regional 21
M&A Report 2021

Americas Advisory League tables

Americas league table by value Americas league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 1 Goldman Sachs & Co 1,459,844 473 121.3% 659,683 1 1 1 Goldman Sachs & Co 1,459,844 473 203 270
2 3 JPMorgan 1,174,186 443 118.7% 536,980 2 2 2 JPMorgan 1,174,186 443 235 208
3 2 Morgan Stanley 1,016,880 312 62.1% 627,193 3 3 3 Houlihan Lokey 94,813 327 130 197
4 4 Bank of America 752,108 264 65.8% 453,755 4 4 4 Morgan Stanley 1,016,880 312 118 194
5 6 Citi 715,610 247 173.3% 261,831 5 5 6 Jefferies 236,119 285 124 161
6 8 Barclays 562,585 218 151.7% 223,520 6 6 5 Bank of America 752,108 264 75 189
7 7 Evercore 387,630 185 61.4% 240,184 7 7 13 Citi 715,610 247 132 115
8 5 Credit Suisse 350,289 203 12.9% 310,181 8 8 8 Barclays 562,585 218 94 124
9 9 Lazard 303,444 191 87.1% 162,142 9 9 14 Raymond James 37,906 212 98 114
10 11 Jefferies 236,119 285 54.3% 153,065 # 10 12 Piper Sandler Companies 71,471 209 93 116
11 10 Centerview Partners 212,366 80 34.2% 158,299 # 11 21 William Blair & Company 51,225 206 116 90
12 14 Deutsche Bank 203,883 114 90.8% 106,848 # 12 17 Credit Suisse 350,289 203 104 99
13 12 UBS Investment Bank 197,878 124 49.2% 132,607 # 13 18 Stifel/KBW 122,023 201 103 98
14 13 Rothschild & Co 187,557 179 57.8% 118,827 # 14 10 Lazard 303,444 191 75 116
15 44 LionTree Advisors 184,793 40 764.2% 21,384 # 15 24 Robert W. Baird & Co 32,986 187 108 79
16 23 Perella Weinberg Partners 171,420 67 281.6% 44,917 # 16 7 Evercore 387,630 185 40 145
17 68 Allen & Company 156,698 17 1503.0% 9,775 # 17 15 Moelis & Company 148,438 185 82 103
18 15 Moelis & Company 148,438 185 46.6% 101,227 # 18 11 Rothschild & Co 187,557 179 63 116
19 32 BNP Paribas 142,126 55 324.4% 33,488 # 19 16 PwC 31,141 159 56 103
20 46 BMO Capital Markets 133,135 64 578.3% 19,627 # 20 9 Deloitte 20,803 159 38 121
#
#

https://mergermarket.com/info/
Mergermarket Global & Regional 22
M&A Report 2021

Americas Advisory League tables

US league table by value US league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 1 Goldman Sachs & Co 1,431,593 451 121.1% 647,544 1 1 1 Goldman Sachs & Co 1,431,593 451 190 261
2 3 JPMorgan 1,132,134 419 119.3% 516,244 2 2 2 JPMorgan 1,132,134 419 224 195
3 2 Morgan Stanley 989,566 291 59.8% 619,267 3 3 3 Houlihan Lokey 93,205 318 123 195
4 4 Bank of America 670,527 241 51.5% 442,475 4 4 4 Morgan Stanley 989,566 291 105 186
5 6 Citi 664,421 220 169.3% 246,679 5 5 6 Jefferies 232,181 280 125 155
6 8 Barclays 512,384 207 132.3% 220,600 6 6 5 Bank of America 670,527 241 63 178
7 7 Evercore 384,967 181 60.7% 239,578 7 7 11 Citi 664,421 220 112 108
8 5 Credit Suisse 337,807 183 9.6% 308,310 8 8 9 Piper Sandler Companies 71,453 208 95 113
9 10 Lazard 278,118 173 76.4% 157,642 9 9 8 Barclays 512,384 207 88 119
10 11 Jefferies 232,181 280 54.5% 150,296 # 10 18 William Blair & Company 51,225 203 113 90
11 9 Centerview Partners 212,366 80 34.2% 158,299 # 11 10 Raymond James 36,864 201 92 109
12 13 Deutsche Bank 193,833 109 81.4% 106,848 # 12 20 Robert W. Baird & Co 32,986 187 109 78
13 40 LionTree Advisors 184,468 37 768.7% 21,234 # 13 16 Credit Suisse 337,807 183 89 94
14 12 UBS Investment Bank 180,068 104 43.2% 125,720 # 14 17 Stifel/KBW 117,751 183 92 91
15 23 Perella Weinberg Partners 171,381 66 281.6% 44,917 # 15 7 Evercore 384,967 181 40 141
16 14 Rothschild & Co 164,913 148 58.7% 103,895 # 16 13 Moelis & Company 141,964 179 80 99
17 59 Allen & Company 156,698 17 1503.0% 9,775 # 17 12 Lazard 278,118 173 65 108
18 15 Moelis & Company 141,964 179 40.7% 100,886 # 18 15 Lincoln International 11,574 150 54 96
19 35 BNP Paribas 136,919 43 401.1% 27,325 # 19 14 Rothschild & Co 164,913 148 51 97
20 29 Stifel/KBW 117,751 183 230.0% 35,687 # 20 22 PwC 27,118 121 52 69
#
#

https://mergermarket.com/info/
Mergermarket Global & Regional 23
M&A Report 2021

Americas Advisory League tables

US North East league table by value US North East league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 2 Goldman Sachs & Co 805,545 254 133.4% 345,062 1 1 1 Goldman Sachs & Co 805,545 254 101 153
2 3 JPMorgan 676,369 233 122.3% 304,213 2 2 6 JPMorgan 676,369 233 135 98
3 1 Morgan Stanley 489,401 169 25.3% 390,434 3 3 3 Houlihan Lokey 80,236 194 88 106
4 4 Bank of America 335,552 135 36.4% 245,986 4 4 2 Morgan Stanley 489,401 169 47 122
5 9 Barclays 306,043 117 139.7% 127,674 5 5 4 Jefferies 154,085 158 53 105
6 7 Citi 305,660 114 114.0% 142,834 6 6 5 Bank of America 335,552 135 36 99
7 5 Evercore 209,245 114 23.1% 169,956 7 7 14 William Blair & Company 23,243 123 73 50
8 6 Credit Suisse 180,627 119 18.6% 152,287 8 8 10 Credit Suisse 180,627 119 62 57
9 48 LionTree Advisors 178,194 23 1850.9% 9,134 9 9 13 Barclays 306,043 117 66 51
10 10 Jefferies 154,085 158 31.2% 117,485 # 10 8 Citi 305,660 114 51 63
#
#
US Mid West league table by value US Mid West league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 1 Goldman Sachs & Co 297,218 87 230.4% 89,968 1 1 6 JPMorgan 197,039 90 55 35
2 3 Morgan Stanley 207,033 55 303.8% 51,266 2 2 2 Houlihan Lokey 17,324 88 40 48
3 2 JPMorgan 197,039 90 216.7% 62,226 3 3 1 Goldman Sachs & Co 297,218 87 35 52
4 4 Bank of America 178,407 51 268.3% 48,441 4 4 4 William Blair & Company 9,763 69 31 38
5 21 Centerview Partners 121,981 30 1124.0% 9,966 5 5 3 Jefferies 55,059 66 28 38
6 6 Barclays 120,553 55 160.0% 46,373 6 6 11 Piper Sandler Companies 13,002 63 35 28
7 9 Citi 109,272 39 253.2% 30,937 7 7 9 Robert W. Baird & Co 10,201 59 27 32
8 8 Evercore 72,467 33 88.5% 38,439 8 8 5 Lincoln International 2,285 58 21 37
9 12 Jefferies 55,059 66 140.2% 22,920 9 9 14 Morgan Stanley 207,033 55 32 23
10 76 BDT & Company 44,525 4 11031.3% 400 # 10 15 Barclays 120,553 55 32 23

https://mergermarket.com/info/
Mergermarket Global & Regional 24
M&A Report 2021

Americas Advisory League tables

US South league table by value US South league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 1 Goldman Sachs & Co 493,570 155 186.4% 172,311 1 1 2 Goldman Sachs & Co 493,570 155 64 91
2 2 JPMorgan 439,069 143 177.6% 158,191 2 2 3 JPMorgan 439,069 143 68 75
3 9 Citi 261,212 82 390.1% 53,298 3 3 6 Jefferies 69,655 128 64 64
4 3 Morgan Stanley 258,436 77 110.7% 122,628 4 4 1 Houlihan Lokey 16,819 127 33 94
5 6 Barclays 248,635 81 194.1% 84,544 5 5 9 Raymond James 14,903 104 51 53
6 5 Bank of America 243,054 92 130.7% 105,358 6 6 12 Robert W. Baird & Co 13,873 102 62 40
7 4 Credit Suisse 140,915 56 20.3% 117,184 7 7 5 Bank of America 243,054 92 27 65
8 31 Perella Weinberg Partners 130,387 29 1709.4% 7,206 8 8 8 Piper Sandler Companies 26,108 92 34 58
9 11 Lazard 124,849 60 239.7% 36,751 9 9 18 William Blair & Company 16,644 83 53 30
10 124 LionTree Advisors 107,006 7 50374.5% 212 # 10 16 Citi 261,212 82 48 34
#
#
US West league table by value US West league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 2 Goldman Sachs & Co 590,093 181 98.1% 297,943 1 1 1 Goldman Sachs & Co 590,093 181 75 106
2 1 Morgan Stanley 493,855 120 52.6% 323,661 2 2 2 JPMorgan 487,859 175 86 89
3 4 JPMorgan 487,859 175 141.1% 202,366 3 3 3 Morgan Stanley 493,855 120 43 77
4 3 Bank of America 324,626 93 42.3% 228,108 4 4 5 Jefferies 79,650 116 47 69
5 6 Citi 312,414 82 193.2% 106,570 5 5 6 Houlihan Lokey 39,541 113 57 56
6 11 Barclays 232,044 82 303.9% 57,446 6 6 4 Bank of America 324,626 93 18 75
7 5 Credit Suisse 197,214 82 31.5% 149,961 7 7 12 William Blair & Company 35,909 87 47 40
8 13 Evercore 193,916 78 238.3% 57,313 8 8 9 Moelis & Company 60,762 85 36 49
9 8 Lazard 128,052 59 63.4% 78,377 9 9 10 Citi 312,414 82 39 43
10 9 Deutsche Bank 112,067 50 75.8% 63,747 # 10 7 Barclays 232,044 82 31 51

https://mergermarket.com/info/
Mergermarket Global & Regional 25
M&A Report 2021

Americas Advisory League tables

Canada league table by value Canada league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 10 Bank of America 126,099 26 841.4% 13,395 1 1 1 Deloitte 3,505 45 7 38
2 14 BMO Capital Markets 93,369 38 857.9% 9,747 2 2 2 RBC Capital Markets 22,175 41 9 32
3 5 Morgan Stanley 93,042 28 374.1% 19,625 3 3 3 PwC 1,950 39 8 31
4 1 Goldman Sachs & Co 80,188 25 241.7% 23,466 4 4 10 BMO Capital Markets 93,369 38 23 15
5 11 Barclays 63,262 21 405.0% 12,527 5 5 7 KPMG 1,351 37 17 20
6 9 JPMorgan 54,082 22 234.2% 16,182 6 6 4 CIBC World Markets 50,483 36 9 27
7 3 TD Securities 53,987 35 143.3% 22,192 7 7 8 TD Securities 53,987 35 16 19
8 18 Citi 52,896 17 560.5% 8,008 8 8 5 Scotiabank 15,126 32 7 25
9 6 CIBC World Markets 50,483 36 163.4% 19,163 9 9 24 Stifel/KBW 9,985 30 21 9
10 16 Evercore 38,681 14 327.5% 9,048 # 10 11 EY 1,245 30 15 15
11 - Adara Partners 26,401 2 - - # 11 20 Morgan Stanley 93,042 28 17 11
12 2 RBC Capital Markets 22,175 41 -5.0% 23,350 # 12 17 Bank of America 126,099 26 14 12
13 35 BNP Paribas 20,373 7 961.1% 1,920 # 13 13 Goldman Sachs & Co 80,188 25 12 13
14 86 Lazard 16,851 16 13380.8% 125 # 14 9 Canaccord Genuity Group 7,339 24 5 19
15 - Barrenjoey Capital Partners 16,516 3 - - # 15 21 JPMorgan 54,082 22 11 11
16 7 Scotiabank 15,126 32 -16.2% 18,054 # 16 15 Barclays 63,262 21 8 13
17 23 Credit Suisse 13,834 14 169.6% 5,132 # 17 18 Jefferies 6,081 21 9 12
18 25 Nomura Holdings 13,374 8 214.8% 4,248 # 18 6 National Bank Financial 9,124 20 -3 23
19 139 Trinity Advisors Corporation 12,725 7 158962.5% 8 # 19 14 Rothschild & Co 4,781 18 5 13
20 42 Maxit Capital 11,622 6 1380.5% 785 # 20 16 Raymond James 1,082 18 5 13
#
#

https://mergermarket.com/info/
Mergermarket Global & Regional 26
M&A Report 2021

Americas Advisory League tables

Latin America league table by value Latin America league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 1 Banco BTG Pactual 48,262 58 61.9% 29,806 1 1 4 Banco BTG Pactual 48,262 58 37 21
2 7 Banco Itau BBA 38,938 38 327.8% 9,102 2 2 1 Banco Itau BBA 38,938 38 6 32
Santander Corporate Investment Banking
3 3 JPMorgan 27,248 24 34.5% 20,265 3 3 3 12,307 32 10 22
(SCIB)
4 6 Citi 23,079 22 121.0% 10,445 4 4 16 Vinci Partners 873 27 20 7
5 20 Goldman Sachs & Co 15,572 21 686.9% 1,979 5 5 10 Rothschild & Co 8,059 25 16 9
6 8 Credit Suisse 12,774 19 69.2% 7,548 6 6 8 JPMorgan 27,248 24 12 12
Santander Corporate Investment Banking
7 10 12,307 32 105.9% 5,976 7 7 5 Banco Bradesco BBI 5,883 24 6 18
(SCIB)
8 - XP Investimentos CCTVM 11,455 14 - - 8 8 9 Citi 23,079 22 12 10
9 9 Morgan Stanley 11,389 12 54.2% 7,385 9 9 20 Goldman Sachs & Co 15,572 21 15 6
10 - Banca de Inversion Bancolombia 9,418 2 - - # 10 18 Credit Suisse 12,774 19 13 6
11 16 HSBC 9,379 1 171.7% 3,452 # 11 - XP Investimentos CCTVM 11,455 14 14 0
12 13 Lazard 9,143 14 122.2% 4,115 # 12 13 Lazard 9,143 14 7 7
13 19 Rothschild & Co 8,059 25 296.8% 2,031 # 13 7 Bank of America 4,287 13 0 13
14 28 UBS Investment Bank 5,908 11 916.9% 581 # 14 14 Scotiabank 2,985 13 6 7
15 2 Banco Bradesco BBI 5,883 24 -73.3% 22,004 # 15 19 Morgan Stanley 11,389 12 6 6
16 30 LionTree Advisors 5,536 5 1007.2% 500 # 16 2 BR Partners 4,989 12 -15 27
17 5 BR Partners 4,989 12 -58.0% 11,867 # 17 49 Banco Safra de Investimento S/A 2,151 12 11 1
18= - Allen & Company 4,800 1 - - # 18 29 UBS Investment Bank 5,908 11 8 3
18= - Guggenheim Partners 4,800 1 - - # 19 27 BNP Paribas 2,325 11 7 4
20 4 Bank of America 4,287 13 -65.0% 12,243 # 20 12 PwC 426 11 3 8
#

https://mergermarket.com/info/
Mergermarket Global & Regional 27
M&A Report 2021

Asia Pacific Advisory League tables

Asia Pacific (exlc. Japan) league table by value Asia Pacific (exlc. Japan) league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 1 China International Capital Corporation 210,396 82 2.8% 204,651 1 1 1 PwC 32,192 200 73 127
2 5 Morgan Stanley 204,076 85 112.1% 96,233 2 2 2 EY 45,816 128 29 99
3 11 Citi 178,987 66 320.4% 42,575 3 3 5 KPMG 27,734 99 20 79
4 3 Goldman Sachs & Co 177,028 85 47.4% 120,082 4 4 8 Morgan Stanley 204,076 85 23 62
5 8 JPMorgan 175,591 76 147.8% 70,872 5 5 7 Goldman Sachs & Co 177,028 85 23 62
6 6 UBS Investment Bank 127,434 59 34.5% 94,735 6 6 4 China International Capital Corporation 210,396 82 2 80
7 9 Bank of America 75,649 47 34.7% 56,148 7 7 10 JPMorgan 175,591 76 32 44
8 2 CITIC Securities Co 70,108 59 -60.4% 177,250 8 8 3 Deloitte 17,006 74 -15 89
9 16 Macquarie Group 64,571 64 129.3% 28,157 9 9 11 Citi 178,987 66 29 37
10 425 Barrenjoey Capital Partners 64,207 9 - - # 10 14 Macquarie Group 64,571 64 28 36
11 37 Evercore 53,436 10 579.9% 7,859 # 11 12 UBS Investment Bank 127,434 59 23 36
12 10 Credit Suisse 49,168 50 -6.5% 52,561 # 12 6 CITIC Securities Co 70,108 59 -13 72
13 17 EY 45,816 128 87.5% 24,431 # 13 15 Rothschild & Co 23,535 58 26 32
14 78 Gresham Advisory Partners 41,182 22 2094.0% 1,877 # 14 13 Credit Suisse 49,168 50 14 36
15 - Adara Partners 39,779 3 - - # 15 9 Bank of America 75,649 47 0 47
16 20 PwC 32,192 200 46.4% 21,985 # 16 30 Avendus Capital 10,894 34 19 15
17 14 Huatai Securities Co 31,105 25 -22.6% 40,203 # 17 18 China Renaissance Holdings 7,000 31 5 26
18 24 Barclays 29,996 17 86.8% 16,061 # 18 43 CEC Capital 3,380 28 18 10
19 33 KPMG 27,734 99 203.6% 9,136 # 19 39 Baker Tilly International 256 28 17 11
20 191 Highbury Partnership 27,131 5 10216.0% 263 # 20 28 Jefferies 18,266 26 10 16
#
#

https://mergermarket.com/info/
Mergermarket Global & Regional 28
M&A Report 2021

Asia Pacific Advisory League tables

Asia (exlc. Australasia & Japan) league table by value Asia (exlc. Australasia & Japan) league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 1 China International Capital Corporation 210,396 82 2.8% 204,651 1 1 1 PwC 28,801 157 69 88
2 8 JPMorgan 141,286 62 138.9% 59,152 2 2 3 EY 41,761 101 22 79
3 5 Morgan Stanley 130,598 58 54.8% 84,351 3 3 2 China International Capital Corporation 210,396 82 2 80
4 2 CITIC Securities Co 70,108 59 -60.4% 177,250 4 4 6 KPMG 21,531 70 15 55
5 4 Goldman Sachs & Co 68,169 48 -33.8% 102,970 5 5 11 JPMorgan 141,286 62 31 31
6 6 UBS Investment Bank 66,490 30 -19.1% 82,214 6 6 4 CITIC Securities Co 70,108 59 -13 72
7 13 Citi 65,580 48 67.3% 39,210 7 7 7 Morgan Stanley 130,598 58 5 53
8 49 Evercore 53,436 10 1184.8% 4,159 8 8 8 Goldman Sachs & Co 68,169 48 3 45
9 17 EY 41,761 101 90.2% 21,958 9 9 12 Citi 65,580 48 18 30
10 12 Huatai Securities Co 31,105 25 -22.6% 40,203 # 10 5 Deloitte 12,926 41 -21 62
11 19 PwC 28,801 157 56.2% 18,443 # 11 19 Rothschild & Co 9,540 37 17 20
12 9 Bank of America 27,429 30 -43.0% 48,162 # 12 10 Credit Suisse 21,875 34 2 32
13 11 HSBC 27,120 16 -33.6% 40,874 # 13 26 Avendus Capital 10,894 34 20 14
14 10 Credit Suisse 21,875 34 -48.9% 42,798 # 14 15 China Renaissance Holdings 7,000 31 5 26
15 86 DBS Bank 21,564 8 1277.0% 1,566 # 15 17 UBS Investment Bank 66,490 30 9 21
16 32 KPMG 21,531 70 174.1% 7,856 # 16 9 Bank of America 27,429 30 -5 35
17 23 Barclays 16,281 16 18.3% 13,767 # 17 38 CEC Capital 3,380 28 18 10
18 18 Somerley Capital 15,647 20 -28.6% 21,911 # 18 13 Huatai Securities Co 31,105 25 -3 28
19 43 JM Financial 13,868 15 159.6% 5,343 # 19 18 Somerley Capital 15,647 20 -1 21
20 14 Deloitte 12,926 41 -64.0% 35,868 # 20 39 Baker Tilly International 172 20 10 10
#
#

https://mergermarket.com/info/
Mergermarket Global & Regional 29
M&A Report 2021

Asia Pacific Advisory League tables

Japan league table by value Japan league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 4 Goldman Sachs & Co 54,588 18 3.6% 52,667 1 1 12 KPMG 17,675 74 61 13
2 1 Morgan Stanley 46,454 38 -54.0% 100,893 2 2 1 Nomura Holdings 24,944 66 6 60
3 8 Bank of America 45,548 26 35.2% 33,697 3 3 2 Deloitte 6,240 64 10 54
4 16 JPMorgan 39,984 18 1138.3% 3,229 4 4 3 Sumitomo Mitsui Financial Group 14,357 62 22 40
5 2 Nomura Holdings 24,944 66 -68.9% 80,305 5 5 4 Mizuho Financial Group 12,707 54 22 32
6 21 Citi 20,046 9 1314.7% 1,417 6 6 6 Daiwa Securities Group / DC Advisory 9,701 46 26 20
7 36 Credit Suisse 17,688 5 3224.8% 532 7 7 5 Morgan Stanley 46,454 38 13 25
8 15 KPMG 17,675 74 390.2% 3,606 8 8 9 GCA Corporation 3,930 32 16 16
9 9 Sumitomo Mitsui Financial Group 14,357 62 37.8% 10,421 9 9 8 Bank of America 45,548 26 9 17
10 10 Mizuho Financial Group 12,707 54 24.2% 10,231 # 10 7 PwC 6,463 23 4 19
11 13 Barclays 10,466 5 144.6% 4,278 # 11 10 Goldman Sachs & Co 54,588 18 3 15
12 11 Daiwa Securities Group / DC Advisory 9,701 46 44.4% 6,720 # 12 18 JPMorgan 39,984 18 11 7
13 53 Jefferies 7,240 5 5692.0% 125 # 13 11 Frontier Management 1,390 18 3 15
14 12 PwC 6,463 23 31.8% 4,902 # 14 107 Houlihan Lokey 2,650 14 13 1
15 3 Deloitte 6,240 64 -91.4% 72,884 # 15 14 Plutus Consulting Co 3,403 11 -1 12
16 - Qatalyst Group 5,883 1 - - # 16 21 Rothschild & Co 5,217 10 5 5
17 23 Rothschild & Co 5,217 10 344.8% 1,173 # 17 13 EY 2,088 10 -3 13
18 - RBSA Advisors 4,454 1 - - # 18 68 Tokyo Financial Advisers Co 107 10 9 1
19 14 GCA Corporation 3,930 32 4.9% 3,746 # 19 20 Citi 20,046 9 4 5
20 5 Plutus Consulting Co 3,403 11 -92.4% 44,554 # 20 25 UBS Investment Bank 3,088 6 3 3
#
#

https://mergermarket.com/info/
Mergermarket Global & Regional 30
M&A Report 2021

Asia Pacific Advisory League tables

Australasia league table by value Australasia league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 13 Citi 114,122 19 2447.9% 4,479 1 1 2 Macquarie Group 64,571 62 30 32
2 2 Goldman Sachs & Co 111,945 40 485.8% 19,110 2 2 1 PwC 4,773 47 8 39
3 4 Morgan Stanley 73,478 27 477.9% 12,715 3 3 4 Goldman Sachs & Co 111,945 40 16 24
4 1 Macquarie Group 64,571 62 138.5% 27,071 4 4 3 Deloitte 4,309 36 6 30
5 125 Barrenjoey Capital Partners 64,207 9 - - 5 5 5 KPMG 6,850 31 7 24
6 3 UBS Investment Bank 61,048 30 336.7% 13,980 6 6 7 UBS Investment Bank 61,048 30 11 19
7 9 Bank of America 48,677 20 440.8% 9,001 7 7 6 EY 4,354 30 8 22
8 23 Gresham Advisory Partners 41,182 22 2094.0% 1,877 8 8 13 Morgan Stanley 73,478 27 16 11
9 - Adara Partners 39,779 3 - - 9 9 11 Rothschild & Co 15,003 23 11 12
10 5 JPMorgan 34,305 14 174.4% 12,502 # 10 21 Gresham Advisory Partners 41,182 22 16 6
11 7 Credit Suisse 27,293 16 139.2% 11,409 # 11 10 Bank of America 48,677 20 7 13
12 59 Highbury Partnership 27,131 5 10216.0% 263 # 12 17 Citi 114,122 19 11 8
13 - Qatalyst Group 26,649 1 - - # 13 19 Credit Suisse 27,293 16 9 7
14 135 Flagstaff Partners 21,233 7 - - # 14 16 Jefferies 13,785 16 8 8
15 14 RBC Capital Markets 18,080 13 337.3% 4,134 # 15 12 Moelis & Company 2,185 15 3 12
16 36 Jarden 16,670 9 1521.6% 1,028 # 16 8 JPMorgan 34,305 14 -3 17
17 6 Rothschild & Co 15,003 23 23.7% 12,131 # 17 9 BDO 380 14 -1 15
18 10 Jefferies 13,785 16 95.3% 7,058 # 18 32 Clairfield International 237 14 10 4
19 22 Barclays 13,715 1 497.9% 2,294 # 19 33 RBC Capital Markets 18,080 13 10 3
20 119 AquAsia 13,378 1 267460.0% 5 # 20 23 Greenhill & Co 8,571 13 7 6
#
#

https://mergermarket.com/info/
Mergermarket Global & Regional 31
M&A Report 2021

Asia Pacific Advisory League tables

Greater China league table by value Greater China league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 1 China International Capital Corporation 210,321 81 2.8% 204,651 1 1 1 China International Capital Corporation 210,321 81 1 80
2 2 CITIC Securities Co 70,108 59 -60.4% 177,250 2 2 2 CITIC Securities Co 70,108 59 -13 72
3 11 JPMorgan 39,763 29 52.7% 26,041 3 3 6 China Renaissance Holdings 6,925 30 4 26
4 4 Goldman Sachs & Co 32,476 23 -62.6% 86,896 4 4 25 JPMorgan 39,763 29 19 10
5 8 Huatai Securities Co 31,105 25 -22.6% 40,203 5 5 28 CEC Capital 3,380 28 18 10
6 7 Morgan Stanley 27,441 22 -48.4% 53,200 6 6 4 Huatai Securities Co 31,105 25 -3 28
7 15 Citi 24,518 20 32.2% 18,541 7 7 12 PwC 10,222 25 6 19
8 9 HSBC 18,344 12 -48.9% 35,908 8 8 3 Goldman Sachs & Co 32,476 23 -8 31
9 6 UBS Investment Bank 17,828 18 -74.0% 68,523 9 9 8 Morgan Stanley 27,441 22 0 22
10 14 Somerley Capital 15,647 20 -17.6% 18,980 # 10 13 Citi 24,518 20 2 18
11 63 EY 13,901 13 925.1% 1,356 # 11 10 Somerley Capital 15,647 20 0 20
12 23 PwC 10,222 25 7.5% 9,507 # 12 16 UBS Investment Bank 17,828 18 5 13
13 43 Barclays 9,194 6 181.2% 3,270 # 13 - Alantra 533 16 16 0
14 16 Bank of America 8,365 9 -54.6% 18,427 # 14 27 Gram Capital 3,492 15 5 10
15 13 Deloitte 8,046 14 -59.4% 19,825 # 15 5 Deloitte 8,046 14 -14 28
16 25 China Renaissance Holdings 6,925 30 -13.9% 8,040 # 16 29 Rothschild & Co 4,184 14 5 9
17 52 Evercore 6,767 3 225.6% 2,078 # 17 67 Baker Tilly International 33 14 10 4
18 42 Duff & Phelps, A Kroll Business 6,055 7 76.5% 3,430 # 18 14 EY 13,901 13 -3 16
19 104 DBS Bank 5,934 2 1343.8% 411 # 19 9 HSBC 18,344 12 -9 21
20 26 The Anglo Chinese Group 5,851 3 -5.0% 6,157 # 20 7 China Securities Co 4,295 12 -11 23
#
#

https://mergermarket.com/info/
Mergermarket Global & Regional 32
M&A Report 2021

Asia Pacific Advisory League tables

India league table by value India league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 3 EY 28,320 73 228.1% 8,631 1 1 1 EY 28,320 73 30 43
2 1 Morgan Stanley 26,951 16 -3.8% 28,024 2 2 6 Avendus Capital 10,894 34 20 14
3 4 JPMorgan 19,488 11 171.7% 7,172 3 3 2 Morgan Stanley 26,951 16 -9 25
4 8 JM Financial 13,868 15 159.6% 5,343 4 4 5 JM Financial 13,868 15 1 14
5 6 RBSA Advisors 12,803 13 103.5% 6,291 5 5 4 RBSA Advisors 12,803 13 -1 14
6 35 Goldman Sachs & Co 11,090 9 2091.7% 506 6 6 18 KPMG 9,574 13 8 5
7 18 Avendus Capital 10,894 34 500.9% 1,813 7 7 23 Ambit 2,032 13 9 4
8 19 KPMG 9,574 13 463.2% 1,700 8 8 14 PwC 767 12 6 6
9 37 Barclays 8,937 9 2233.4% 383 9 9 10 JPMorgan 19,488 11 4 7
10 2 Bank of America 8,833 8 -51.3% 18,141 # 10 50 Goldman Sachs & Co 11,090 9 8 1
#
#
South Korea league table by value South Korea league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 23 Morgan Stanley 23,067 15 6219.7% 365 1 1 1 PwC 17,536 103 45 58
2 5 PwC 17,536 103 84.8% 9,487 2 2 2 KPMG 11,156 43 14 29
3 6 JPMorgan 16,155 11 199.6% 5,392 3 3 28 Morgan Stanley 23,067 15 14 1
4 8 KPMG 11,156 43 144.0% 4,573 4 4 6 JPMorgan 16,155 11 4 7
5 2 Citi 9,424 9 -15.2% 11,109 5 5 8 NH Investment & Securities Co 3,070 11 4 7
6 7 Goldman Sachs & Co 6,642 5 28.2% 5,182 6 6 10 Citi 9,424 9 4 5
7 1 Credit Suisse 5,013 8 -77.2% 21,974 7 7 5 Deloitte 2,350 9 -2 11
8 11 NH Investment & Securities Co 3,070 11 76.2% 1,742 8 8 3 Credit Suisse 5,013 8 -7 15
9 13 Standard Chartered 2,778 6 79.2% 1,550 9 9 17 Standard Chartered 2,778 6 4 2
10 4 Bank of America 2,743 5 -71.8% 9,731 # 10 4 EY 1,885 6 -6 12

https://mergermarket.com/info/
Mergermarket Global & Regional 33
M&A Report 2021

Asia Pacific Advisory League tables

South East Asia league table by value South East Asia league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 1 JPMorgan 81,023 22 256.6% 22,722 1 1 10 PwC 2,674 24 16 8
2 13 Morgan Stanley 65,254 14 1607.8% 3,821 2 2 7 JPMorgan 81,023 22 14 8
3 2 UBS Investment Bank 47,831 11 230.0% 14,496 3 3 5 EY 4,709 18 8 10
4 33 Evercore 46,669 7 4026.3% 1,131 4 4 3 Goldman Sachs & Co 24,940 16 6 10
5 10 Citi 35,334 15 441.8% 6,521 5 5 24 Rothschild & Co 3,398 16 12 4
6 3 Goldman Sachs & Co 24,940 16 98.6% 12,561 6 6 8 Citi 35,334 15 7 8
7 30 DBS Bank 21,564 8 1767.0% 1,155 7 7 4 Credit Suisse 12,890 15 5 10
8 4 Credit Suisse 12,890 15 7.6% 11,978 8 8 9 Morgan Stanley 65,254 14 6 8
9 19 Bank of America 9,433 11 303.1% 2,340 9 9 6 UBS Investment Bank 47,831 11 2 9
10 - Kiatnakin Bank Public Company 9,291 4 - - # 10 16 Bank of America 9,433 11 6 5
#
#

https://mergermarket.com/info/
Mergermarket Global & Regional 34
M&A Report 2021

Private Equity Advisory League tables

Based on advisors to bidder on buyout deals with target dominant geography being Global and US
Global Buyouts league table by value Global Buyouts league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 9 JPMorgan 253,944 70 697.3% 31,849 1 1 1 PwC 17,521 110 35 75
2 4 Morgan Stanley 215,548 46 324.4% 50,785 2 2 2 Deloitte 6,401 92 33 59
3 8 Barclays 202,780 60 536.1% 31,877 3 3 3 EY 22,169 77 24 53
4 3 Bank of America 172,158 42 236.6% 51,141 4 4 8 JPMorgan 253,944 70 40 30
5 6 Citi 144,817 48 282.2% 37,891 5 5 4 KPMG 6,502 68 21 47
6 1 Goldman Sachs & Co 141,842 53 78.4% 79,524 6 6 13 Barclays 202,780 60 39 21
7 10 Deutsche Bank 124,160 49 319.1% 29,627 7 7 7 Houlihan Lokey 14,798 54 22 32
8 2 Credit Suisse 98,897 48 53.3% 64,524 8 8 5 Goldman Sachs & Co 141,842 53 11 42
9 11 Lazard 62,841 32 122.1% 28,291 9 9 14 Deutsche Bank 124,160 49 28 21
10 7 Rothschild & Co 52,897 44 40.1% 37,745 # 10 18 Citi 144,817 48 30 18
#
#
US Buyouts league table by value US Buyouts league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 12 Barclays 162,964 45 2016.4% 7,700 1 1 11 Barclays 162,964 45 34 11
2 9 JPMorgan 150,186 40 1031.3% 13,275 2 2 2 JPMorgan 150,186 40 21 19
3 3 Bank of America 104,757 25 298.2% 26,307 3 3 6 Jefferies 41,128 38 22 16
4 5 Morgan Stanley 91,774 22 392.6% 18,631 4 4 7 Houlihan Lokey 9,076 32 16 16
5 1 Goldman Sachs & Co 90,438 28 87.5% 48,222 5 5 8 Credit Suisse 41,531 31 17 14
6 7 Citi 90,254 24 442.4% 16,641 6 6 9 William Blair & Company 17,618 31 19 12
7 6 Deutsche Bank 69,245 30 275.1% 18,459 7 7 5 Deutsche Bank 69,245 30 14 16
8 2 Credit Suisse 41,531 31 14.9% 36,140 8 8 1 Goldman Sachs & Co 90,438 28 8 20
9 13 Jefferies 41,128 38 450.2% 7,475 9 9 3 Bank of America 104,757 25 8 17
10 15 Centerview Partners 34,000 2 589.7% 4,930 # 10 14 Citi 90,254 24 15 9

https://mergermarket.com/info/
Mergermarket Global & Regional 35
M&A Report 2021

Private Equity Advisory League tables

Based on advisors to bidder on buyout deals with target dominant geography being Europe and Asia-Pacific (excl. Japan)
Europe Buyouts league table by value Europe Buyouts league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 10 JPMorgan 91,254 19 512.9% 14,888 1 1 2 Deloitte 4,149 75 30 45
2 2 Morgan Stanley 82,039 12 205.0% 26,899 2 2 1 PwC 9,020 69 23 46
3 11 Lazard 54,547 19 303.2% 13,528 3 3 4 KPMG 2,588 49 10 39
4 15 Deutsche Bank 54,164 15 524.0% 8,680 4 4 3 EY 9,610 48 7 41
5 3 Credit Suisse 51,318 11 98.9% 25,796 5 5 5 Rothschild & Co 44,376 33 3 30
6 5 Goldman Sachs & Co 45,193 21 89.4% 23,855 6 6 11 Lincoln International 2,601 30 17 13
7 12 Citi 44,994 15 321.1% 10,684 7 7 6 Alantra 3,103 27 10 17
8 1 Rothschild & Co 44,376 33 52.1% 29,167 8 8 12 Clearwater International 6,447 23 11 12
9 6 Bank of America 36,160 11 63.0% 22,188 9 9 8 Goldman Sachs & Co 45,193 21 6 15
10 7 Barclays 34,773 11 69.3% 20,539 # 10 9 Daiwa Securities Group / DC Advisory 5,237 21 6 15
#
#
Asia Pacific (excl. Japan) Buyouts league table by value Asia Pacific (excl. Japan) Buyouts league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 - Barrenjoey Capital Partners 26,024 3 - - 1 1 1 PwC 6,445 30 10 20
2 - Morgan Stanley 23,594 8 - - 2 2 3 EY 11,537 24 17 7
3 7 Bank of America 14,330 2 528.2% 2,281 3 3 - Morgan Stanley 23,594 8 8 0
4 20 UBS Investment Bank 14,206 6 3298.6% 418 4 4 6 JPMorgan 10,559 8 4 4
5 8 Macquarie Group 12,690 3 598.4% 1,817 5 5 19 Citi 8,804 7 6 1
6 10 EY 11,537 24 921.9% 1,129 6 6 5 Deloitte 1,022 7 1 6
7 3 JPMorgan 10,559 8 186.5% 3,686 7 7 21 UBS Investment Bank 14,206 6 5 1
8 18 Citi 8,804 7 1789.3% 466 8 8 2 KPMG 1,179 6 -1 7
9 - CITIC Securities Co 7,368 1 - - 9 9 15 Credit Suisse 5,060 5 4 1
10 5 PwC 6,445 30 161.7% 2,463 # 10 16 Moelis & Company 1,507 4 3 1

https://mergermarket.com/info/
Mergermarket Global & Regional 36
M&A Report 2021

Private Equity Advisory League tables

Based on advisors to target/seller on exit deals with target dominant geography being Global and US
Global Exits league table by value Global Exits league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 2 Goldman Sachs & Co 198,866 91 82.4% 109,044 1 1 2 Houlihan Lokey 12,603 114 55 59
2 3 JPMorgan 139,667 79 81.2% 77,079 2 2 3 Rothschild & Co 49,162 109 53 56
3 1 Morgan Stanley 114,145 63 -2.5% 117,114 3 3 1 Jefferies 69,553 101 38 63
4 10 Citi 88,891 35 178.1% 31,966 4 4 7 William Blair & Company 21,418 95 53 42
5 4 Jefferies 69,553 101 -3.1% 71,803 5 5 13 Robert W. Baird & Co 15,708 94 63 31
6 9 Credit Suisse 65,048 39 73.6% 37,473 6 6 5 Goldman Sachs & Co 198,866 91 41 50
7 6 Barclays 57,739 39 19.4% 48,359 7 7 6 Lincoln International 4,989 89 42 47
8 12 Evercore 51,731 37 89.4% 27,319 8 8 9 JPMorgan 139,667 79 44 35
9 14 Rothschild & Co 49,162 109 156.7% 19,150 9 9 4 Morgan Stanley 114,145 63 11 52
10 5 Bank of America 41,285 28 -24.5% 54,698 # 10 10 Raymond James 6,520 60 25 35
#
#
US Exits league table by value US Exits league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 5 Goldman Sachs & Co 121,457 50 214.3% 38,647 1 1 7 Robert W. Baird & Co 14,905 81 53 28
2 4 JPMorgan 88,112 47 80.4% 48,856 2 2 4 William Blair & Company 16,734 74 39 35
3 1 Morgan Stanley 59,727 30 -27.5% 82,414 3 3 1 Jefferies 46,125 72 29 43
4 2 Jefferies 46,125 72 -15.4% 54,529 4 4 2 Houlihan Lokey 9,991 70 29 41
5 7 Evercore 44,443 28 124.1% 19,835 5 5 5 Lincoln International 3,377 54 24 30
6 6 Barclays 39,403 29 9.4% 36,024 6 6 6 Harris Williams 6,950 52 23 29
7 11 Citi 31,318 14 74.2% 17,977 7 7 8 Goldman Sachs & Co 121,457 50 24 26
8 9 Credit Suisse 30,710 21 61.2% 19,049 8 8 9 Piper Sandler Companies 6,620 50 24 26
9 3 Bank of America 26,812 17 -45.3% 48,976 9 9 12 JPMorgan 88,112 47 25 22
10 15 William Blair & Company 16,734 74 62.9% 10,272 # 10 10 Raymond James 5,350 45 20 25

https://mergermarket.com/info/
Mergermarket Global & Regional 37
M&A Report 2021

Private Equity Advisory League tables

Based on advisors to target/seller on exit deals with target dominant geography being Europe and Asia-Pacific (excl. Japan)
Europe Exits league table by value Europe Exits league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 1 Goldman Sachs & Co 47,681 27 -29.2% 67,342 1 1 1 Rothschild & Co 41,595 93 47 46
2 8 Rothschild & Co 41,595 93 160.8% 15,949 2 2 9 Houlihan Lokey 2,612 40 25 15
3 4 Morgan Stanley 33,557 18 0.6% 33,351 3 3 4 PwC 6,575 38 19 19
4 5 JPMorgan 33,519 22 20.2% 27,891 4 4 12 Clearwater International 103 37 24 13
5 16 Lazard 31,156 14 275.2% 8,303 5 5 2 Jamieson Corporate Finance 21,917 35 11 24
6 7 Credit Suisse 27,947 8 73.6% 16,096 6 6 15 Deloitte 5,272 31 20 11
7 13 Citi 25,109 10 174.1% 9,160 7 7 7 Lincoln International 1,141 29 13 16
8 9 Jamieson Corporate Finance 21,917 35 49.9% 14,625 8 8 5 Goldman Sachs & Co 47,681 27 10 17
9 54 Natixis 14,117 21 2355.1% 575 9 9 11 Liberty Corporate Finance 4,159 27 14 13
10 12 Barclays 14,047 7 18.2% 11,885 # 10 3 KPMG 2,062 27 6 21
#
#
Asia Pacific (excl. Japan) Exits league table by value Asia Pacific (excl. Japan) Exits league table by deal count

Ranking 2021 2020 Ranking 2021 2020

Value % Value Value Value Count
2021 2020 Company Name Deal Count 2021 2020 Company Name Deal Count Deal Count
(USDm) Change (USDm) (USDm) Change
1 15 Morgan Stanley 15,074 10 3506.2% 418 1 1 22 Morgan Stanley 15,074 10 9 1
2 2 Goldman Sachs & Co 11,679 8 365.3% 2,510 2 2 1 PwC 487 10 3 7
3 1 Citi 7,075 4 90.0% 3,723 3 3 3 Goldman Sachs & Co 11,679 8 4 4
4 17 JPMorgan 6,752 5 1933.7% 332 4 4 - Jefferies 4,044 7 7 0
5= - DBS Bank 5,696 1 - - 5 5 23 Rothschild & Co 3,165 7 6 1
5= - Oversea-Chinese Banking Corporation 5,696 1 - - 6 6 4 Avendus Capital 1,588 7 4 3
7 - Kotak Investment Banking 4,847 2 - - 7 7 8 Credit Suisse 1,537 7 5 2
8 - Jefferies 4,044 7 - - 8 8 10 JPMorgan 6,752 5 3 2
9 6 UBS Investment Bank 3,355 3 179.6% 1,200 9 9 12 KPMG 547 5 3 2
10 16 Rothschild & Co 3,165 7 693.2% 399 # 10 6 EY 334 5 2 3

https://mergermarket.com/info/
Mergermarket Global & Regional 38
M&A Report 2021

Criteria Contacts
Deal Submissions
All data is based on transactions over USD 5m and is merger.advisers@iongroup.com

based on the Mergermarket’s M&A deals database.

Deals with undisclosed deal values are included where
the target’s turnover exceeds USD 10m. Deals where
the effective stake acquired is less than 30% will only
be included if the value is greater than USD 100m.
Full deal inclusion criteria can be found here.

League tables are based on the dominant

geography of the target, bidder or seller, and
exclude lapsed and withdrawn bids. Private
equity buyout league tables are based on
advisors advising the bidder only on buyout
deals with target dominant geography being
the country/region and excludes lapsed and
withdrawn bids. Private equity exit league
tables based on advisors advising the target/
seller on exit deal with target dominant
geography being the country/region and
excludes lapsed and withdrawn bids.

All values are in USD

League Tables correct as of 14:25 (GMT),

04-Jan-2022. Cut off date 31-Dec-2021.

https://mergermarket.com/info/
Mergermarket Global & Regional 39
M&A Report 2021

Mergermarket

In M&A, information is the most valuable currency. Mergermarket reports EMEA Americas Asia
on deals 6-24 months before they become public knowledge, giving our 10 Queen Street Place 1501 Broadway 9/F Standard Chartered Bank
subscribers a powerful competitive advantage. With the largest network London 8th Floor Building
of dedicated M&A journalists and analysts, Mergermarket offers the most EC4R 1BE New York 4-4A Des Voeux Road
comprehensive M&A intelligence service available today. Our reporters United Kingdom NY 10036 Central
are based in 67 locations across the Americas, Europe, Asia-Pacific, the +44 203 741 1000 +1 212 390 7812 Hong Kong
Middle East and Africa. + 852 2158 9790

https://mergermarket.com/info/