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Top Rainmakers Win Big Rewards in a Challenging 2012

2012年comeba并购没有ck that some had expected. But the bankers featured in II’s Rainmakers of the Year still had plenty to celebrate.

    Deals of the YearSix Other Notable Transactions of 2012

    Blame it on Europe's endless recession, the U.S.'s shaky condition and Asia's lack of ignition: After the previous year's modest rise, 2012 didn't bring a hoped-for resurgence in mergers and acquisitions. Year-to-date through November 30, global M&A deal volume stood just shy of $2.4 trillion, according to Dealogic, a 14 percent drop from 2011. When it came to fees, M&A bankers had even less reason to cheer, as revenue plunged 21 percent, to $16.08 billion. Given those numbers, no wonder Citigroup just cut 150 jobs from its trading and investment banking unit as part of a plan to shed 11,000 staff.

    For other deal makers, results were mixed. Global equity issuance totaled $582.8 billion, down 7.5 percent from 2011, while revenue fell some 24 percent, to $12.03 billion, its lowestebb since 2003. Fixed income had a stronger year, suggesting that everyone is locking in cheap money: Total debt offerings climbed 3 percent, to $6.01 trillion. Investment-grade corporate bonds hit an all-time high with deal value of about $1.6 trillion, a 36 percent gain.

    Despite these trying conditions, the bankers celebrated in亚博赞助欧冠's 2012 Rainmakers of the Year fetched handsome fees while making big things happen for their clients. This year's top ten list focuses on the largest pending and closed transactions of 2012 by total advisory fees, as estimated by investment consulting firm Freeman Consulting. The banks involved stand to earn some $850 million all told, a healthy increase over 2011's haul of $800 million.

    Cross-border tie-ups loomed larger than ever, accounting for six of the ten deals. Asia asserted itself with two major prizes: the $20.1 billion purchase of U.S. cellular carrier Sprint Nextel Corp. by Japan's SoftBank Corp. (No. 2) and Chinese state-owned Cnooc Canada Holding's $17.7 billion acquisition of Canadian oil producer Nexen (No. 4). The buyer in the No. 1 transaction with its $45.8 billion takeover of miner Xstrata, Swiss commodities trader Glencore International also picked up Canuck grain handler and processor Viterra (No. 9). Uncertainty rules, but megadeals and global mergers are alive and well.

    Deals of the Year Click on the Rainmakers below for more information on the deals.
    Rank Rainmaker Acquirer 卖方 Closing Date Deal
    Value
    ($ Millions)
    Estimated
    Fees
    ($ Millions)
    1 Michel Antakly & Team
    Morgan Stanley

    Tom Reid & Team
    Citigroup
    Glencore
    International
    Xstrata pending $45,803 $114
    2 Jeffrey Sine & Team
    Raine Group
    SoftBank Corp. Sprint Nextel Corp. pending 20,061 111
    3 Richard Girling & Team
    Centerview Partners
    Walgreen Co. Alliance Boots Aug 2 21,362 107
    4 Peter Tague & Team
    Citigroup
    Cnooc Canada Holding Nexen pending 17,666 107
    5 Scott Lindsay,
    Charles Newton & Team

    Credit Suisse
    Bristol-Myers Squibb Co. Amylin Pharmaceuticals Aug 9 6,862 84.7
    6 Michael Boublik & Team
    Morgan Stanley

    Alan Hartman & Team
    Centerview Partners
    Nestlé Pfizer Nutrition Nov 30 11,850 82
    7 Richard Campbell-Breeden & Team
    Goldman Sachs Group

    Hong Ping Yeo & Team
    JPMorgan Chase & Co.
    OUE Baytown

    TCC Assets*
    Fraser & Neave pending 12,491

    9,219
    70

    59
    8 David Kostel,
    Michael Muntner & Team

    Credit Suisse
    WellPoint Amerigroup Corp. pending 4,852 60
    9 Philip Evershed & Team
    Canaccord Genuity
    Glencore
    International
    Viterra Dec 7 7,362 58
    10 Richard Jacobsen Jr. & Team
    Greenhill & Co.
    Aetna Coventry Health Care pending 5,695 56
    *Competing bids Source: Thomson Reuters/Freeman Consulting.