Gresham, Rothschild stride up MnA league table

The two boutique firms are now ranked among the top three in Australian M&A, shouldering aside several bulge-bracket firms.

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

Ranking/firm                 

Number of deals   

Value of deals

Goldman Sachs

7

$US6.72bn

Gresham 

5

$US3.53bn

Rothschild 

4

$US3.46bn

Credit Suisse              

3

$US3.25bn

UBS                           

5

$US3.19bn

Lazard

5

$US2.95bn

BoA Merrill Lynch    

2

$US2.67bn

Macquarie

5

$US2.53bn

J.P. Morgan                

4

$US2.36bn

Scotiabank

1

$US2.18bn

Source: Bloomberg, pending and completed transactions

(Reporting by Brett.Cole@businessspectator.com.au

Editing by Victoria.Thieberger@businessspectator.com.au )