A&O and Sidley take first half debt crown

The Allen & Overy and Sidley Austin debt teams have dominated the European capital markets during the first half of 2006.

Linklaters continues to lead the charge in equities while Freshfields Bruckhaus Deringer wins top spot in IPOs in Thomson Financial’s European capital market tables for the second quarter.

A&O maintained its lead position for lead manger of all international debt transactions when ranked by value and number of issues notching up 298 in the first sixth months of the year with a value of $159bn.

The magic circle firm also came top in the manager tables for securitisations excluding CDOs and all investment grade debt, when ranked by deal size in the tables from.

A&O lawyers probably spent a lot of time with debt specialists from Sidley Austin as the US firm is ranked as the number one advisor to issuers for all international debt issues, by deal size and number of deals, with 108 deals worth $91bn.

The strength of Clifford Chance’s securitisation pratice was reflected in the tables with the firm coming top advising issuers on securitisations (excluding CDOs) and second advising mangers in the same category, by deal size.

However it was Orrick Rambaud Martel which took the CDO crown with first place in both the issuer and manager league tables, again by deal size.

In equities Linklaters remained number one for advising managers on all equity and equity-related deals, both by deal size and deal volume.

For issuers, Cleary Gottlieb Steen & Hamilton topped the table when ranked by deals volume while Freshfields acted on more deals than any other firm in the first half of the year. The magic circle firm also claimed first position acting for issuers on IPOs when measured by deal size.