Sometimes small can be good when it comes to M&A league tables.
Australia-only focused M&A boutique Gresham and independent advisor Rothschild are ranked two and three respectively in Australia’s M&A league table in the year to date, according to Bloomberg data on pending and completed transactions.
In the same period last year, Gresham was ranked fourteenth and Rothschild was not ranked among the top 20 advisers in Australia.
This week it was announced that Gresham has advised Wesfarmers on a $1.01 billion sale and is advising David Jones on South Africa’s Woolworths’ $2.1 billion takeover offer. Rothschild is advising Woolworths.
Gresham and Rothschild’s advisory teams are less than a third the size of the number one ranked Australian M&A advisor in the year to date, Goldman Sachs, which has about 120 investment bankers Down Under.
Goldman’s lead in the Australian M&A league table may further widen if BHP Billiton this year places assets including aluminium, manganese and nickel into a new company worth about $US14 billion, according to Deutsche Bank.
Australia’s M&A league table for the year to date, April 10, 2014
Number of deals
Value of deals
BoA Merrill Lynch
Source: Bloomberg, pending and completed transactions
(Reporting by Brett.Cole@businessspectator.com.au
Editing by Victoria.Thieberger@businessspectator.com.au )