If you’re still in the office today, here’s the perfect accompaniment to your tea and mince pie break. It’s Thomson Reuters’ preliminary M&A table for 2013 – with firms ranked by the value of their announced public M&A deals with UK involvement from 1 January to 16 December.
It certainly makes for an interesting read. Largely because, despite market commentators noting a particularly strong second half to the year, both the value and amount of public M&A has actually shrunk since 2012. Hopefully the results of this year’s hard work will show in the next few months’ M&A tables.
Of course, the mammoth Vodafone/Verizon deal worth $130bn distorted the rankings somewhat. The top 11 firms in the table all played some part in that transaction – no matter how small.
That doesn’t detract from the fact that Slaughter and May, Simpson Thacher, Davis Polk & Wardwell and Jones Day put in particularly stellar performances. All four would make it into the table, as it stands, even discounting their involvement in the Verizon deal.
So, let’s raise our glasses to a fantastic year’s dealmaking in 2013, and a spectacularly successful year to come. Happy Christmas.
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