NEW YORK, Oct. 1, 2018 /PRNewswire/ -- The Deal, a
business unit of TheStreet, Inc. (NASDAQ: TST), today
published its preliminary league tables for the third quarter of
2018, highlighting the top global advisers involved in mergers and
acquisitions, bankruptcy, out-of-court restructuring, private
equity deals and life settlements.
View the Q3 2018 rankings here.
Taking the top spots for M&A are Kirkland & Ellis
LLP, Goldman, Sachs & Co. and Joele Frank,
Wilkinson Brimmer Katcher.
"The M&A market cooled off in the third quarter after a
blistering start to 2018," notes David
Marcus, senior writer for The Deal. "There have been 279
U.S. deals of $100 million or more
worth a total of $368 billion since
July 1. On an annualized basis, those
numbers would still be the sixth-best year for U.S. M&A since
1995. But the number of deals was the least in any quarter since
the start of last year, and Q3 dollar volume was 24% less than
Q2."
Rankings include the names of lead M&A and/or corporate
partners at law firms who represented principals and investment
advisers. Only deals involving a change of control at a target
company with a market value of $100 million or more are
included, and only when a key party involved is
a U.S. company. Unless the target is a recognized
stand-alone operating business, rankings will not include asset
sales, unit sales, sales of subsidiaries, spin-offs or joint
ventures.
Kirkland & Ellis LLP also leads the rankings on the
Out-of-Court League Table along with FTI Consulting, Inc. and
Houlihan Lokey, Inc.
"Higher oil and natural gas prices are not always enough to
prevent energy companies from
launching restructuring outside of the courtroom," noted
Kirk O'Neil, associate editor of The
Deal. "Shopping mall retailers are still seeking to
restructure out of court to avoid Chapter 11, and
predictions that pharmaceutical companies would also seek
out-of-court restructuring were accurate."
The Deal's Out-of-Court Restructuring league tables are based on
distressed companies that have announced financial restructurings
for the full year of 2018, including all industries. Minimum
requirements for inclusion include: announcement date between
Jan. 1 and Dec. 31, 2018; at least one (1) piece of debt amount
stated (bond, note, loan, credit facility, etc.); credit facility
security (secured or unsecured); and name of the distressed
company. Roles in the league tables will be: legal advisory,
financial advisory and other advisory (including Public Relations
or Restructuring Adviser).
See the full rankings and company and individual profile
details here.
About The Deal
The Deal (www.thedeal.com) provides actionable, intraday coverage
of mergers, acquisitions and all other changes in corporate control
to institutional investors, private equity, hedge funds and the
firms that serve them. The Deal is a business unit
of TheStreet, Inc. (NASDAQ: TST, www.t.st), a
leading financial news and information provider. Other business
units include TheStreet (www.thestreet.com), an unbiased
source of business news and market analysis for investors and
BoardEx (www.boardex.com), a relationship mapping service of
corporate directors and officers.
Contact: Terri Smith, terri.smith at thestreet.com
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SOURCE TheStreet, Inc.