GLOBAL M&A MARKET REVIEW

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GLOBAL M&A MARKET REVIEW

FINANCIAL RANKINGS

2016

CONTENTS

1. Introduction 2. Global M&A Heat Map 3. Global M&A Regional Review 4. Global M&A League Tables 5. Americas M&A Regional Review 6. Americas M&A League Tables 8. EMEA M&A Regional Review 9. EMEA M&A League Tables 12. APAC M&A Regional Review 13. APAC M&A League Tables 16. Disclaimer

2016

GLOBAL M&A FINANCIAL ADVISORY RANKINGS

The Bloomberg M&A Advisory League Tables are the definitive publication of M&A advisory rankings. The tables represent the top financial and legal advisors across a broad array of deal types, regions, and industry sectors. The rankings data is comprised of mergers, acquisitions, divestitures, spin-offs, debt-for-equityswaps, joint ventures, private placements of common equity and convertible securities, and the cash injection component of recapitalization according to Bloomberg standards.

Bloomberg M&A delivers real-time coverage of the M&A market from nine countries around the world. We provide a global perspective and local insight into unique deal structures in various markets through a network of over 800 financial and legal advisory firms, ensuring an accurate reflection of key market trends. Our quarterly league table rankings are a leading benchmark for legal and financial advisory performance, and our Bloomberg Brief newsletter provides summary highlights of weekly M&A activity and top deal trends.

Visit {NI LEAG CRL } to download copies of the final release and a full range of market specific league table results. On the web, visit: .

Due to the dynamic nature of the Professional Service product, league table rankings may vary between this release and data found on the Bloomberg Professional Service.

DATA SUBMISSIONS AND QUERIES

North America EMEA Asia Pacific

Contact

Meaghan Burke Madeeha Ahmad Ee Wen Tay

Phone

+1-646-324-1537 +44-20-3525-3754 +65-6231-3404

Email

mburke65@ mchaudhry13@ etay26@

General M&A queries may be submitted to: m-a@, malondon@, maasia@

?2016 Bloomberg Finance L.P. All rights reserved.

Global M&A Heat Map

North America USD 2.2T 1. Goldman Sachs & Co

31.5%

2. Morgan Stanley

30.2%

3. Bank of America Merrill Lynch 28.0%

Western Europe USD 1.1T 1. Goldman Sachs & Co 2. Morgan Stanley 3. Credit Suisse Group AG

38.9% 30.8% 23.8%

Eastern Europe

USD 99.2B

1. VTB Capital JSC

25.8%

2. UBS AG

17.9%

3. Bank of America Merrill Lynch 13.1%

Latin America & Caribbean USD 159.9B 1. Banco Santander SA 2. Banco Itau BBA 3. UBS AG

15.6% 13.0% 11.5%

Middle East & Africa USD 150.5B 1. UBS AG 2. Credit Suisse Group AG 3. Goldman Sachs & Co

20.0% 15.7% 13.3%

Asia Pacific USD 1.3T 1. Morgan Stanley 2. Goldman Sachs & Co 3. UBS AG

15.9% 12.8% 12.1%

Deal volume and adviser market share for any regional involvement (target, seller, or acquirer) for 2016. 2

Global M&A Review | 2016

Global M&A Regional Review

? Global merger and acquisition activity reached $3.6 trillion, representing a 10.5% decrease year-onyear. October deal-making reached a record high monthly volume of $505.8 billion. AT&T Inc's acquisition of Time Warner Inc for $107.1 billion was the largest deal for both the month and year.

? The financial sector continued to be the most targeted with $696.4 billion in announced transactions, accounting for 19.1% of the total global volume for the year. The basic materials sector experienced the most growth with $321.5 billion in deal activity, a 51.3% increase from 2015. Bayer AG's announced bid for Monsanto Co contributed $65.7 billion to the basic materials sector's total.

? Deals with announced transaction values of over $1.0 billion accounted for 63.8% of the total deal activity in 2016. The consumer, non-cyclical sector was the most sought-after for mega-deals, contributing $357.5 billion to the total volume.

Global M&A: Premium Breakdown

5% 2% 2%

0-10%

18%

10-25%

25-50%

50-75%

44%

29%

75-100%

100%+

Global M&A: Highlights of 2016

Summary Number of deals Volume (Bln.) Avg Deal Size (Mln.)

39,664 $3,591.0

$90.5

Date 10/22/2016 5/18/2016

Target Time Warner Inc

Monsanto Co

Acquirer AT&T Inc

Bayer AG

Top Adviser Goldman Sachs & Co Number of deals Volume (Bln.) Avg Deal Size (Bln.)

10/21/2016

Reynolds American Inc

309 $876.3

$2.8

11/21/2016 2/3/2016

Energy Transfer Partners LP Syngenta AG

British American Tobacco PLC Sunoco Logistics Partners LP China National Chemical Corp

Total Value

Seller

(Mln.)

-

$107,130.8

-

$65,695.7

-

$58,256.1

-

$51,381.6

-

$46,311.7

Global M&A: Industry Breakdown

Amount

% YoY

Industry

(Bln.) % of Total Change

Financial

$696.4

19.1% -15.3%

Consumer Non-cyclical $568.2

15.6% -38.6%

Communications

$415.0

11.4% -5.0%

Consumer Cyclical

$360.2

9.9% 14.5%

Energy

$357.2

9.8% -3.7%

Technology

$346.6

9.5%

0.4%

Industrial

$338.4

9.3% -23.4%

Basic Materials

$321.5

8.8% 50.2%

Utilities

$202.5

5.6% 87.9%

Diversified

$39.7

1.1% -46.0%

$1,400 $1,200 $1,000

$800 $600 $400 $200

$0 2011 Q4

Global M&A: Quarterly Volume

2012 Q4

2013 Q4

2014 Q4

2015 Q4

Volume $(Bln.)

Deal Count

Quarterly Volume represents any involvement (target, seller, or acquirer).

12,000 10,000 8,000 6,000 4,000 2,000 0 2016 Q4

Global M&A: Deal Type Breakdown

Amount % Change % Change

Deal Type

(Bln.) Deal Count Volume

Company Takeover

$2,269.7

-0.5% -12.3%

Cross Border

$1,584.9

2.5% -0.3%

Private Equity

$735.6

-1.9% -9.4%

Asset Sale

$566.2

5.7% -13.8%

Tender Offer

$335.3

3.2% 55.5%

Venture Capital

$115.0

-5.8% -2.7%

Spin-off

$68.4

-5.3% -35.2%

Minority Purchase

$390.2

2.1%

4.4%

Majority Purchase

$268.9

-0.9% 17.8%

3

Global Announced Deals

FIRM Goldman Sachs & Co Morgan Stanley JPMorgan Chase & Co Bank of America Merrill Lynch Citigroup Inc Barclays PLC Credit Suisse Group AG Lazard Ltd UBS AG Deutsche Bank AG Evercore Partners Inc Centerview Partners LLC RBC Capital Markets Rothschild & Co Perella Weinberg Partners LP Allen & Co Inc China International Capital Corp Ltd HSBC Bank PLC Macquarie Group Ltd Qatalyst Partners LLC TOTAL

RANK 1 2 3 4 5 6 7 8 9

10 11 12 13 14 15 16 17 18 19 20

MKT SHR (%) 24.4 23.8 20.2 19.7 15.1 14.8 14.0 10.0 9.5 9.3 8.2 6.1 5.4 5.3 4.8 4.0 3.7 3.1 3.0 2.7

2016 VOLUME USD

(Mln) 876,257 855,355 723,734 708,417 540,689 532,183 503,366 360,131 339,478 333,656 295,256 219,269 193,142 188,984 170,769 143,399 134,385 110,456 107,119 97,812

3,590,992

DEAL COUNT

01/01/2016 - 12/31/2016

2015

MKT SHR MKT SHR

RANK (%)

CHANGE

309

1

30.5

-6.1

290

2

27.6

-3.8

302

3

25.4

-5.2

216

4

22.2

-2.4

205

6

16.5

-1.5

199

8

13.9

1.0

205

5

18.4

-4.4

223

7

16.1

-6.1

149 11

8.6

0.9

144

9

12.6

-3.3

146 13

6.9

1.3

34 10

10.6

-4.5

144 18

3.9

1.4

317 12

7.3

-2.0

20 19

3.6

1.2

10 23

2.5

1.5

37 26

2.3

1.5

64 20

3.4

-0.3

88 27

2.1

0.9

10 55

0.5

2.2

39,664

4,006,843

Global Private Equity Announced Deals

2016

MKT SHR VOLUME USD

FIRM

RANK (%)

(Mln)

Goldman Sachs & Co

1

20.8

152,916

JPMorgan Chase & Co

2

15.8

116,377

Morgan Stanley

3

15.1

110,947

Bank of America Merrill Lynch

4

12.9

94,565

Credit Suisse Group AG

5

12.4

90,892

Barclays PLC

6

12.3

90,125

Citigroup Inc

7

10.4

76,278

Deutsche Bank AG

8

9.7

71,314

UBS AG

9

9.1

66,779

RBC Capital Markets

10

8.2

60,109

Lazard Ltd

11

5.7

42,069

Jefferies LLC

12

5.5

40,377

Macquarie Group Ltd

13

5.5

40,360

Rothschild & Co

14

4.9

36,165

Ernst & Young

15

3.4

25,125

Evercore Partners Inc

16

3.0

22,291

Gresham Partners Ltd

17

2.7

19,673

KPMG Corporate Finance LLC

18

2.2

16,262

Centerview Partners LLC

19

2.1

15,288

Wells Fargo & Co

20

2.1

15,106

TOTAL

735,257

DEAL COUNT

01/01/2016 - 12/31/2016

2015

MKT SHR MKT SHR

RANK (%)

CHANGE

117

3

18.7

2.1

103

1

22.9

-7.1

108

2

19.2

-4.1

66

4

17.5

-4.7

84

8

11.2

1.2

84

6

12.6

-0.3

74

5

15.0

-4.7

56

7

11.4

-1.7

54 10

6.2

2.9

50 12

5.7

2.5

101 17

3.5

2.2

79 18

3.5

2.0

27 14

4.0

1.5

148 13

5.4

-0.5

78 31

1.3

2.1

54 26

1.8

1.3

6 63

0.3

2.4

96 35

0.9

1.3

8

9

6.6

-4.5

26 11

5.8

-3.7

11,057

811,469

Cross Border Announced Deals

FIRM Goldman Sachs & Co Morgan Stanley JPMorgan Chase & Co Credit Suisse Group AG Bank of America Merrill Lynch Lazard Ltd Barclays PLC UBS AG Deutsche Bank AG Citigroup Inc Rothschild & Co Centerview Partners LLC Evercore Partners Inc RBC Capital Markets HSBC Bank PLC Macquarie Group Ltd China International Capital Corp Ltd Ducera Partners LLC BMO Capital Markets Perella Weinberg Partners LP TOTAL

RANK 1 2 3 4 5 6 7 8 9

10 11 12 13 14 15 16 17 18 19 20

MKT SHR (%) 34.5 30.6 23.1 22.0 19.4 16.2 16.2 14.7 13.4 10.8 9.9 9.4 7.4 5.8 5.7 5.4 4.5 4.2 3.9 3.8

2016 VOLUME USD

(Mln) 545,945 484,312 366,489 348,330 308,141 256,377 255,974 233,049 212,730 170,527 156,716 148,885 116,420 92,484 89,556 85,425 71,317 65,696 61,385 60,485

1,584,781

DEAL COUNT

01/01/2016 - 12/31/2016

2015

MKT SHR MKT SHR

RANK (%)

CHANGE

177

2

32.1

2.4

156

3

29.4

1.2

161

1

36.7

-13.6

114

7

19.7

2.3

120

4

29.0

-9.5

142

5

21.0

-4.8

98

6

19.8

-3.6

86 16

7.0

7.8

83

8

19.5

-6.1

112 11

12.5

-1.8

228

9

13.6

-3.7

13 13

9.9

-0.5

53 17

4.5

2.8

58 22

2.5

3.3

47 18

4.0

1.7

50 25

2.1

3.3

10 37

1.2

3.3

1

-

-

4.2

25 27

1.6

2.3

7 14

8.1

-4.3

14,828

1,589,159

4

Global M&A Review | 2016

Americas M&A Regional Review

? Total deal volume in the Americas reached $2.3 trillion, representing an 8.0% decrease in activity year-on-year. The fourth quarter contributed over 34.9% to the volume in 2016 with $802.5 billion

in announced transactions.

? The Americas continued to be the most targeted region for M&A activity with $1.9 trillion in announced transactions, contributing 52.7% to the global deal activity. The consumer non-cyclical industry was the

most sought-after in the Americas with $348.9 billion in deals, accounting for 18.8% of the region's volume.

? Private equity buyouts for targets based in the Americas reached $100.3 billion, representing a 26.6% decrease from last year. Apollo Global Management LLC was the most acquisitive firm targeting the

region with $22.8 billion in transactions for the year. Apollo's $12.3 billion acquisition of ADT Corp was

the largest private equity buyout in 2016.

Americas M&A: Highlights of 2016

Total Value

Summary

Date

Target

Acquirer

Seller (Mln.)

Number of deals Volume (Bln.)

16,694 10/22/2016

$1,865.4

Time Warner Inc

AT&T Inc

-

$107,130.8

Avg Deal Size (Mln.)

$111.7 5/18/2016

Monsanto Co

Bayer AG

-

$65,695.7

Top Adviser Morgan Stanley

10/21/2016 Reynolds American Inc

British American Tobacco PLC

-

$58,256.1

Number of deals Volume (Bln.)

148 11/21/2016 Energy Transfer Partners LP Sunoco Logistics Partners LP

-

$51,381.6

$556.7

Avg Deal Size (Bln.)

$3.8 9/6/2016

Spectra Energy Corp

Enbridge Inc

-

$42,818.3

Americas M&A: Country Breakdown

Amount

% YoY

Country

(Bln.) % of Total Change

United States

$1,664.3

89.2% -13.8%

Canada

$90.7

4.9% 33.7%

Brazil

$42.7

2.3%

4.2%

Chile

$17.4

0.9% 198.6%

Bermuda

$10.5

0.6% 79.3%

Mexico

$9.8

0.5% -43.6%

British Virgin Islands

$9.5

0.5% 65.3%

Colombia

$6.0

0.3% 1032.9%

Americas M&A: Industry Breakdown

Amount

% YoY

Industry

(Bln.) % of Total Change

Consumer Non-cyclical $348.9

18.6% -38.0%

Communications

$273.3

14.6% 23.5%

Financial

$268.0

14.3% -24.7%

Energy

$256.2

13.7% 50.8%

Technology

$182.0

9.7% -29.0%

Consumer Cyclical

$174.0

9.3% 20.2%

Basic Materials

$142.1

7.6%

7.4%

Utilities

$113.2

6.0% 125.5%

Industrial

$112.9

6.0% -39.9%

Diversified

$3.1

0.2% -47.7%

$1,000 $800 $600 $400 $200 $0 2011 Q4

Americas M&A: Quarterly Volume

2012 Q4

2013 Q4

2014 Q4

2015 Q4

Volume $(Bln.)

Deal Count

Quarterly Volume represents any involvement (target, seller, or acquirer).

6,000 5,000 4,000 3,000 2,000 1,000 0 2016 Q4

Americas M&A: Deal Type Breakdown

Amount % Change % Change

Deal Type

(Bln.) Deal Count Volume

Company Takeover

$1,349.2

-1.4% -9.3%

Cross Border

$701.2

3.9% 31.5%

Private Equity

$370.7

-5.2% -21.2%

Asset Sale

$312.6

8.1% -11.1%

Tender Offer

$79.7 -13.5% -28.0%

Venture Capital

$52.4 -12.4% -19.8%

Spin-off

$35.8 -35.8% -52.5%

Minority Purchase

$118.6

-6.2% -9.7%

Majority Purchase

$38.5

-8.3% 46.3%

5

US Announced Deals (Any Involvement)

FIRM

MKT SHR RANK (%)

2016 VOLUME USD

(Mln)

Goldman Sachs & Co

1

32.9

684,875

Morgan Stanley

2

30.5

635,137

Bank of America Merrill Lynch

3

28.6

594,351

JPMorgan Chase & Co

4

28.0

582,234

Citigroup Inc

5

23.4

487,590

Barclays PLC

6

22.4

465,683

Credit Suisse Group AG

7

18.4

382,341

Evercore Partners Inc

8

13.9

288,431

Deutsche Bank AG

9

13.1

272,553

Lazard Ltd

10

12.9

267,700

Centerview Partners LLC

11

10.5

219,269

UBS AG

12

8.3

173,441

Perella Weinberg Partners LP

13

7.5

156,659

Allen & Co Inc

14

6.9

143,399

RBC Capital Markets

15

6.8

141,751

Rothschild & Co

16

5.6

117,015

Qatalyst Partners LLC

17

4.7

97,812

Guggenheim Capital LLC

18

4.5

94,062

Wells Fargo & Co

19

4.1

85,649

Macquarie Group Ltd

20

4.0

83,724

TOTAL

2,082,005

DEAL COUNT

01/01/2016 - 12/31/2016

2015

MKT SHR MKT SHR

RANK (%)

CHANGE

205

1

33.0

-0.1

175

2

29.0

1.5

154

4

24.1

4.4

211

3

28.5

-0.6

126

5

22.5

0.9

149

7

17.2

5.2

129

6

22.2

-3.9

129 11

11.0

2.9

88 12

10.2

2.9

122

8

16.0

-3.1

34

9

12.9

-2.4

73 10

11.0

-2.7

17 37

0.7

6.8

9 17

4.3

2.6

102 15

5.6

1.2

94 18

4.3

1.3

10 32

0.9

3.8

25 13

7.4

-2.9

66 23

2.8

1.3

38 26

1.5

2.5

17,467

2,298,890

Canada Announced Deals (Any Involvement)

2016

MKT SHR VOLUME USD

FIRM

RANK (%)

(Mln)

Morgan Stanley

1

35.7

106,876

Goldman Sachs & Co

2

34.8

103,982

JPMorgan Chase & Co

3

33.7

100,686

Bank of America Merrill Lynch

4

32.1

95,914

RBC Capital Markets

5

30.3

90,725

Barclays PLC

6

30.2

90,386

Credit Suisse Group AG

7

26.9

80,567

BMO Capital Markets

8

22.6

67,464

Citigroup Inc

9

18.4

54,942

CIBC

10

13.8

41,229

Lazard Ltd

11

9.0

27,011

Wells Fargo & Co

12

8.3

24,904

Bank of Nova Scotia/The

13

6.6

19,719

Gresham Partners Ltd

14

6.6

19,594

TD Securities Inc

15

5.9

17,640

UBS AG

16

5.1

15,149

Macquarie Group Ltd

17

4.6

13,660

National Bank Financial Inc

18

4.3

12,712

Grant Samuel Securities Pty Ltd

19

4.1

12,270

Stifel Financial Corp

20

2.8

8,293

TOTAL

299,183

DEAL COUNT

01/01/2016 - 12/31/2016

2015

MKT SHR MKT SHR

RANK (%)

CHANGE

22

3

15.7

20.0

28

7

14.0

20.7

26

1

32.8

0.8

24

5

14.4

17.7

46

2

16.7

13.6

20

4

15.2

15.0

23 11

9.4

17.5

34

8

13.0

9.6

11

6

14.3

4.1

32 10

9.5

4.3

14 42

0.6

8.4

7 27

2.0

6.3

24 17

6.0

0.6

4 38

0.7

5.8

34 18

4.4

1.5

11 19

4.3

0.8

15 16

6.7

-2.1

28 32

1.3

2.9

3

-

-

4.1

6 97

0.0

2.7

3,072

267,564

US Announced Deals (Target or Seller)

FIRM Goldman Sachs & Co JPMorgan Chase & Co Morgan Stanley Bank of America Merrill Lynch Citigroup Inc Barclays PLC Credit Suisse Group AG Lazard Ltd Evercore Partners Inc Deutsche Bank AG Allen & Co Inc UBS AG Centerview Partners LLC RBC Capital Markets Perella Weinberg Partners LP Guggenheim Capital LLC Rothschild & Co Wells Fargo & Co Jefferies LLC BMO Capital Markets TOTAL

RANK 1 2 3 4 5 6 7 8 9

10 11 12 13 14 15 16 17 18 19 20

MKT SHR (%) 30.6 30.5 30.4 30.2 26.7 21.6 15.3 14.5 13.3 12.9 8.1 8.1 8.0 7.4 6.6 5.3 5.1 4.8 4.3 3.8

2016 VOLUME USD

(Mln) 539,051 537,076 536,211 532,666 471,722 380,459 269,733 256,011 235,370 227,919 143,126 142,473 140,646 130,284 116,306 93,781 89,485 85,461 76,149 66,147

1,764,004

DEAL COUNT

01/01/2016 - 12/31/2016

2015

MKT SHR MKT SHR

RANK (%)

CHANGE

165

1

34.0

-3.5

183

3

28.6

1.9

150

2

30.7

-0.3

129

4

25.5

4.7

105

5

24.9

1.8

133

7

18.1

3.5

110

6

23.2

-7.9

97

8

16.7

-2.1

116 10

12.1

1.3

76 12

10.1

2.9

8 17

4.7

3.4

63 11

11.0

-2.9

31

9

14.4

-6.4

88 15

6.2

1.2

16 33

0.8

5.8

23 13

8.3

-3.0

57 24

2.5

2.6

64 22

3.0

1.8

127 23

2.6

1.8

35 27

1.5

2.3

14,368

2,041,905

Canada Announced Deals (Target or Seller)

2016

MKT SHR VOLUME USD

FIRM

RANK (%)

(Mln)

RBC Capital Markets

1

36.4

40,542

CIBC

2

32.9

36,603

Barclays PLC

3

24.2

26,963

Bank of America Merrill Lynch

4

20.6

22,950

Morgan Stanley

5

19.5

21,762

BMO Capital Markets

6

12.7

14,096

TD Securities Inc

7

12.1

13,440

JPMorgan Chase & Co

8

11.2

12,450

Goldman Sachs & Co

9

11.1

12,357

Credit Suisse Group AG

10

9.7

10,755

Bank of Nova Scotia/The

11

7.0

7,813

National Bank Financial Inc

12

6.3

7,008

Citigroup Inc

13

4.0

4,456

Deutsche Bank AG

14

2.9

3,250

GMP Securities LP

15

2.8

3,157

Peters & Co Ltd

16

2.7

2,962

Evercore Partners Inc

17

1.9

2,085

Blair Franklin Capital Partners Inc

18

1.6

1,823

Canaccord Genuity Corp

19

1.6

1,766

Moelis & Co

20

1.4

1,603

TOTAL

111,360

DEAL COUNT

01/01/2016 - 12/31/2016

2015

MKT SHR MKT SHR

RANK (%)

CHANGE

38

1

20.5

15.9

30

2

18.2

14.7

6 26

1.8

22.4

9 14

4.3

16.3

7

7

6.7

12.9

24

3

18.2

-5.5

27

4

13.0

-0.9

9

5

11.3

-0.1

10

6

8.2

2.9

8 23

2.2

7.4

20 10

4.6

2.5

25 16

3.9

2.4

4 18

3.7

0.3

4

9

5.0

-2.1

14 15

4.1

-1.3

8 36

0.8

1.9

5 44

0.6

1.3

1 46

0.5

1.1

12 22

2.9

-1.3

5 25

1.8

-0.4

2,163

90,894

6

Latin America Announced Deals (Any Involvement)

2016

MKT SHR VOLUME USD DEAL

FIRM

RANK (%)

(Mln)

COUNT

01/01/2016 - 12/31/2016

2015

MKT SHR MKT SHR

RANK (%)

CHANGE

Banco Santander SA

1

24.1

25,068

28

5

16.8

7.3

Banco Itau BBA SA

2

20.0

20,820

45

2

22.9

-2.9

Banco BTG Pactual SA

3

15.8

16,410

26

8

10.8

4.9

Bank of America Merrill Lynch

4

14.6

15,226

13 10

9.0

5.6

Banco Bradesco BBI SA

5

14.5

15,125

24

3

17.5

-3.0

JPMorgan Chase & Co

6

14.0

14,596

15

7

11.6

2.5

Citigroup Inc

7

9.1

9,499

19 14

7.8

1.3

Morgan Stanley

8

8.7

9,011

8 12

8.7

-0.1

Credit Suisse Group AG

9

6.4

6,715

14 11

8.8

-2.4

IMAP Inc Sucursal Espana

10

5.8

6,081

13

-

-

5.8

Goldman Sachs & Co

11

5.8

6,063

9

4

17.3

-11.5

UBS AG

12

5.2

5,461

8

9

9.0

-3.8

Banco Bilbao Vizcaya Argentaria SA

13

4.2

4,350

10 15

5.9

-1.8

Lazard Ltd

14

3.9

4,046

10 26

1.2

2.7

BNP Paribas SA

15

2.9

3,054

8 21

1.3

1.6

Credit Agricole Corporate & Investment Bank SA 16

2.7

2,785

3 28

1.0

1.6

Banco do Brasil SA

17

2.5

2,622

5 23

1.3

1.2

HSBC Bank PLC

18

2.4

2,503

7 13

8.3

-5.9

Rothschild & Co

19

2.1

2,190

8

1

23.6

-21.5

Jefferies LLC

20

2.0

2,055

3 55

0.1

1.9

TOTAL

104,209

934

81,172

Latin America Announced Deals (Target or Seller)

2016

MKT SHR VOLUME USD

FIRM

RANK (%)

(Mln)

Banco Itau BBA SA

1

23.6

20,820

Banco Santander SA

2

19.8

17,518

Banco BTG Pactual SA

3

18.6

16,410

Banco Bradesco BBI SA

4

16.5

14,539

Bank of America Merrill Lynch

5

15.8

13,959

JPMorgan Chase & Co

6

15.1

13,349

Morgan Stanley

7

10.2

9,011

Citigroup Inc

8

10.0

8,839

Credit Suisse Group AG

9

7.6

6,715

IMAP Inc Sucursal Espana

10

6.9

6,081

Goldman Sachs & Co

11

5.3

4,690

Banco Bilbao Vizcaya Argentaria SA

12

4.9

4,350

UBS AG

13

4.6

4,088

Lazard Ltd

14

3.9

3,471

BNP Paribas SA

15

3.5

3,054

Credit Agricole Corporate & Investment Bank SA 16

3.2

2,785

Banco do Brasil SA

17

3.0

2,622

HSBC Bank PLC

18

2.8

2,503

Rothschild & Co

19

2.5

2,190

Jefferies LLC

20

2.3

2,055

TOTAL

88,382

DEAL COUNT

01/01/2016 - 12/31/2016

2015

MKT SHR MKT SHR

RANK (%)

CHANGE

45

2

24.8

-1.2

24

5

18.1

1.8

26

8

11.7

6.8

23

3

19.0

-2.5

11 14

6.5

9.3

13

6

12.5

2.6

8 11

9.4

0.8

18 13

6.6

3.4

13 10

9.5

-1.9

13

-

-

6.9

8

4

18.7

-13.4

10 15

6.4

-1.5

7

9

9.8

-5.2

9 24

1.3

2.7

8 21

1.4

2.0

3 26

1.1

2.0

5 23

1.4

1.6

6 12

9.0

-6.1

8

1

25.5

-23.1

2 50

0.1

2.2

842

74,887

Brazil Announced Deals (Any Involvement)

FIRM

MKT SHR RANK (%)

2016 VOLUME USD

(Mln)

Banco Santander SA

1

30.8

15,617

Banco Bradesco BBI SA

2

29.8

15,125

Bank of America Merrill Lynch

3

27.7

14,053

Banco Itau BBA SA

4

23.7

12,039

JPMorgan Chase & Co

5

19.1

9,660

Banco BTG Pactual SA

6

15.5

7,858

Citigroup Inc

7

10.1

5,105

UBS AG

8

6.9

3,473

Goldman Sachs & Co

9

6.8

3,438

Banco do Brasil SA

10

5.2

2,622

Credit Agricole Corporate & Investment Bank SA 11

5.1

2,585

Credit Suisse Group AG

12

5.1

2,559

Morgan Stanley

13

5.0

2,514

BNP Paribas SA

14

4.6

2,310

Rothschild & Co

15

4.3

2,190

Industrial Securities Co Ltd

16

3.0

1,500

Barclays PLC

16

3.0

1,500

HSBC Bank PLC

16

3.0

1,500

Deutsche Bank AG

16

3.0

1,500

Ping An Insurance Group Co of China Ltd

16

3.0

1,500

TOTAL

50,703

DEAL COUNT

01/01/2016 - 12/31/2016

2015

MKT SHR MKT SHR

RANK (%)

CHANGE

16

4

21.2

9.6

24

3

31.4

-1.6

11 12

11.7

16.0

38

1

37.2

-13.5

6

7

15.8

3.2

21

6

18.1

-2.6

8 16

2.6

7.4

3

8

14.3

-7.5

5

5

19.4

-12.6

5 17

2.4

2.8

2 21

1.7

3.4

6

9

13.3

-8.2

5 13

7.3

-2.3

4 24

1.3

3.2

7

2

32.5

-28.2

1

-

-

3.0

1 27

0.6

2.4

1 10

12.6

-9.6

1 11

12.3

-9.4

1

-

-

3.0

497

45,211

Brazil Announced Deals (Target or Seller)

2016

MKT SHR VOLUME USD

FIRM

RANK (%)

(Mln)

Banco Santander SA

1

32.2

15,617

Banco Bradesco BBI SA

2

29.9

14,539

Bank of America Merrill Lynch

3

27.7

13,459

Banco Itau BBA SA

4

24.6

11,947

JPMorgan Chase & Co

5

18.7

9,073

Banco BTG Pactual SA

6

16.2

7,858

Citigroup Inc

7

10.5

5,105

UBS AG

8

7.2

3,473

Goldman Sachs & Co

9

7.1

3,438

Banco do Brasil SA

10

5.4

2,622

Credit Agricole Corporate & Investment Bank SA 11

5.3

2,585

Morgan Stanley

12

5.2

2,514

Credit Suisse Group AG

13

4.9

2,356

BNP Paribas SA

14

4.8

2,310

Rothschild & Co

15

4.5

2,190

Industrial Securities Co Ltd

16

3.1

1,500

Barclays PLC

16

3.1

1,500

HSBC Bank PLC

16

3.1

1,500

Deutsche Bank AG

16

3.1

1,500

Ping An Insurance Group Co of China Ltd

16

3.1

1,500

TOTAL

48,578

DEAL COUNT

01/01/2016 - 12/31/2016

2015

MKT SHR MKT SHR

RANK (%)

CHANGE

16

4

22.4

9.7

23

3

33.2

-3.3

10 12

8.8

18.9

37

1

38.8

-14.2

5

7

16.7

2.0

21

6

18.5

-2.3

8 16

2.8

7.7

3

8

14.6

-7.4

5

5

20.5

-13.4

5 17

2.5

2.9

2 21

1.8

3.6

5 13

7.7

-2.5

5

9

14.1

-9.2

4 24

1.4

3.4

7

2

34.4

-29.9

1

-

-

3.1

1 27

0.6

2.5

1 10

13.3

-10.2

1 11

9.6

-6.6

1

-

-

3.1

452

42,748

7

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