By Greg Hazley
Abernathy MacGregor Group surged to the top of global M&A PR advisors for the first quarter of 2011, after working 16 deals worth $73.3B during the frame, according to research firm mergermarket.
Source: mergermarket |
AMG, part of Havas, worked the second and third largest deals of the quarter, including Dyke Energy’s $13.7 billion acquisition of progress energy, the No. 2 deal announced in January. The firm also represented ProLogis, which was acquired in a $14.8B bid by AMB Property Corp., counseled by CJP.
Other top 10 deals AMG counseled included guiding Deutsche Boerse with other firms in its proposed $12.3B acquisition of NYSE Euronext during Q1 and advising ENSCO International’s $8.7B play for Pride International.
Mergermarket said AMG’s triumph – the firm also led North America -- was the first time it landed in the top position for value of deals since the quarterly tallies have been produced since 2001.
Source: mergermarket |
AMG was followed in deal value for the quarter by independent Brunswick, which had a hand in 41 transactions adding up to $67.9B during Q1 and was the leader for Europe, knocking FD down a peg to No. 2.
Brunswick worked with AT&T on the quarter’s largest transaction, the telecom’s $39B bid for Deutsche Telekom’s T-Mobile USA unit.
In the U.S., Publicis’ Kekst and Company worked the most deals during Q1 – 21 – followed by Sard Verbinnen & Company’s 20 transactions.
Kreab Gavin Anderson led the Asia-Pacific region handling transactions worth $12B during Q1.
In its quarterly report, mergermarket said U.S. M&A activity is off to a “flying start” with an increase of 87.3% over 2010.
Q1 was the busiest U.S. quarter since 2007 and included nine of the 10 largest global deals.
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