M&A fees up for first time in 12 months
City PM
Published Jun 25, 2009 Reviewed Jun 30, 2026 ✓ Reviewed by citations.press editors
Investment banks have earned $16 billion (£9.8 billion) in fees so far this quarter.
16 USD · fees9.8 GBP · fees
Thomson Reuters, preliminary data
Global M&A deals this year total $872 billion, 44.5 % lower than a year earlier.
872 USD · global M&A deals44.5 · decline compared with same period a year ago
Thomson Reuters, report
Those two deals were down 12.2 % compared with the first half of 2008.
12.2 · decline compared with first half of 2008
Thomson Reuters, report
Investment banks have raked in $16 billion (£9.8 billion) so far this quarter.
16 bn · fees9.8 bn · fees
Thomson Reuters, data provider
M&A activity in the first six months of the year fell to its lowest first-half level since 2003.
2003 · lowest first-half M&A level
Thomson Reuters, data provider
Global M&A deals this year so far are worth $872 billion, which is 44.5 percent lower than the same period a year ago.
872 bn · global M&A deals44.5 % · global M&A deals
Thomson Reuters, data provider
Morgan Stanley advised on 115 deals worth $329 billion.
115 · deals advised on329 bn · deals advised on
Thomson Reuters, data provider
Morgan Stanley ranked eighth in the world in the first half of 2008.
8 · ranking
Thomson Reuters, data provider
Goldman Sachs advised on deals worth $306 billion this year, was the world number one in the first half of last year, and is currently in second place this year.
306 bn · deals advised on1 · ranking2 · ranking
Thomson Reuters, data provider
The acquisition of US drugs firm Wyeth by Pfizer was worth $64.5 billion and involved advice from seven investment banks.
64.5 bn · Wyeth acquisition by Pfizer7 · investment banks involved in advice
Thomson Reuters, data provider
The UK Treasury’s acquisition of shares in Lloyds was worth $22 billion, and its acquisition of shares in RBS was worth $19 billion.
22 bn · UK Treasury's acquisition of Lloyds shares19 bn · UK Treasury's acquisition of RBS shares
Thomson Reuters, data provider
According to preliminary data from Thomson Reuters, investment banks have raked in $16bn (£9.8bn) so far this quarter, as cash flooded back into the system giving a boost to the lucrative mergers & acquisitions (M&A) they advise on.
The figure, which is based on early readings, could rise still if more deals complete between now and the end of the quarter next Tuesday.
But while many banks raked in more fees in the second quarter than they did in the first, M&A activity in the first six months of the year remained subdued, falling to its lowest first-half level since 2003, the data shows.
According to the report, there have been $872bn worth of global M&A deals this year so far – 44.5 per cent lower than the same period a year ago.
US investment banking giant Morgan Stanley currently tops the global M&A league table, according to the data, having advised on 115 deals worth $329bn. In the first half of 2008 the bank ranked eighth in the world.
Goldman Sachs, which was the world number one in the first half of last year, is currently in second place this year having advised on deals worth $306bn.
The biggest global M&A deal in 2009 was the acquisition of US drugs firm Wyeth by giant rival Pfizer, a deal worth $64.5bn that involved advice from seven investment banks, said the report.
The fourth and fifth largest deals globally were the UK Treasury’s acquisitions of shares in Lloyds, worth $22bn, and RBS, worth $19bn.
