UBS earned more fees from European mergers and acquisitions between January and September than any other bank, making it the bank’s best ever nine-month performance in the European Mergers and Acquisitions rankings. Data from Thomson Financial shows that the £342m made by the investment bank in mergers and acquisitions saw it climb six places to lead the rankings. Analysts have accredited the strong performance in this area to the ‘big deals’ strategy of Global Head of Mergers and Acquisitions Piero Novelli. One such big deal that Novelli has been keen for the bank to focus on is the deal which has seen the bank become defense adviser to Hungarian oil and gas company Mol, which is the subject of a £9m takeover bid. Furthermore, UBS has also joined forces with Morgan Stanley as joint lead advisers to Dutch bank ABN Amro on its protacted takeover talks, which culminated in a successful £56bn takeover by the Royal Bank of Scotland .
Furthermore, the bank was the second biggest earner in the rankings for European equity capital markets, whilst data from Dealogic shows the bank as fourth in the rankings for investment banking fees in Europe, the Middle East and Africa . However, it is in the debt rankings where the bank underperforms, finishing with a ranking of ninth.
UBS Top European Mergers and Acquisitions Rankings
Financial Services > e-banking > Banking news
UBS Top European Mergers and Acquisitions Rankings
Mon, 15 Oct 2007
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