Bloomberg M and A

GLOBAL FINANCIAL ADVISORY
MERGERS & ACQUISITIONS RANKINGS Q3 2013

10/01/2013
Bloomberg
Bloomberg 2013 3rd Quarter
Table of Contents
Mergers and Acquisitions Financial Advisory Rankings
1. Introduction
2. Global Market Commentary The Bloomberg M&A Advisory League Tables are the definitive publication of M&A advisory rankings. The tables
8. Global M&A Activity represent the top financial and legal advisors across a broad array of deal types, regions, and industry sectors. The
9. M&A League Tables by Industry rankings data is comprised of mergers, acquisitions, divestitures, spin-offs, debt-for-equity-swaps, joint ventures,
10. Global Announced Deals private placements of common equity and convertible securities, and the cash injection component of
11. Cross Border Announced Deals recapitalizations according to Bloomberg standards.
12. Global Private Equity Announced Deals
Bloomberg M&A delivers real-time coverage of the M&A market from nine countries around the world. We provide a
38. Disclaimer
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 DealSpace & DealBrief
newsletters provide summary highlights of weekly M&A activity and top deal trends.
Visit {NI LEAG CRL <GO>} to download copies of the final release and a full range of market specific league table
results. Type MA <GO> 96 <GO> 42 <GO> to view live rankings.
For data submissions or queries, please contact:
Contact Phone Fax Email

North America Eshani Gupte +1-212-617-5969 +1-917-369-3965 egupte@bloomberg.net
EMEA Paula Cook-Dinan +44-20-3525-8104 +44-20-7942-1792 pcookdinan1@bloomberg.net
Asia Pacific Devanshi Desai +61-2-9777-8661 +61-2-9770-8561 dparekh10@bloomberg.net
LATAM Fernando Simon +55-11-3048-4619 +55-11-3048-4669 fsimon5@bloomberg.net
General M&A queries may be submitted to: m-a@bloomberg.net

For 24 hour global customer support call
+1 212 318 2000 +44 20 7330 7500 +65 6212 1000 +81 3 3201 8900
or press the HELP key twice on the BLOOMBERG PROFESSIONAL(R) service.
1
Bloomberg Global Review
Regional Deal Activity Total Volume by Industry: Q3 2013
M&A activity among US companies increased 33% year-over-year in the third quarter. Deal making by total value in the region equated to
nearly half of global activity this quarter. The figure was boosted by the sale of Vodafone PLCs 45% stake in its joint venture with Verizon
Communications, which accounted for 20% of overall global activity.
Despite an 18% decrease in activity from the previous year, companies based in China were among the most acquisitive by value in the Consumer Non-cyclical Diversified
11% 1%
third quarter. Deal value in Japan decreased by more than 55% year-over-year, representing less than half of China's activity this quarter. Financial Technology
Deal-making in France increased by 115% in the third quarter. Coupled with deals in the UK and increased activity in Germany, Europe saw 18% Utilities
4%
an overall increase in M&A of more than 30%. 3%
Industry Sector Deal Activity Basic Materials

3%
Communications was the most targeted industry in terms of deal value and constituted 35% of overall volume, a figure that was largely
attributable to Verizon's $130.1 billion acquisition in early September. The biggest deal of the year and the third largest on record, the sale Consumer Cyclical
marked Vodafones exit from the US market and made up 54% of all Communications M&A activity in the third quarter. 10%
In the Technology industry, activity was at a five-year high both in terms of total value and deal count, up 106% and 17% from last quarter, Communications
respectively. 35%
Energy
Buyers paid the highest premiums in the Technology and Basic Materials industries (33% and 31% respectively) compared to the overall 7%
average of 23%. Within the Basic Materials industry, investment companies were the top buyers, accounting for over 10% of overall
Industrial
activity. The biggest deal in Basic Materials this quarter was Packaging Corp of America's acquisition of Boise Inc for almost $2 billion.
7%
The top target industry for private equity deals by deal volume was Retail Department Stores, attributable to the sale of The Neiman
Marcus Group Inc. to Ares Management LLC and Canada Pension Plan for $6 billion. Telecom services came in second with a total value of
$4.8 billion, consisting of 4 deals. Aside from several headline-grabbing acquisitions, activity by private equity firms in terms of volume
was the lowest since the first quarter of 2010.
Heat Map: Q3 2013 Volume by Region
North America 42%
Western Europe 35%

Asia Pacific 14%
Latin America & Caribbean 5%
Middle East & Africa 2%
Eastern Europe 2%
* All Q3 2013 numbers as of September 30, 2013.
MA <GO> LEAG <GO> NI DEALSPACE <GO> MARB <GO>

2
Notable Highlights
Global M&A activity rose by 18% to $685 billion from the second quarter of 2013 and by 36% from the same period last year. The global deal count this quarter was
6,554 as opposed to 6,307 last quarter, and the average deal size also rose by 13%.
Aggregate deal making activity was highest in the Americas, which made up 48% of global volume. M&A activity in Asia Pacific was down 12% compared to last
quarter. In contrast, total deal volume in EMEA increased 113% from the third quarter of 2012 to $382 billion, the highest volume the region has seen in the last 5
years.
Global M&A Quarterly Volume Americas M&A Quarterly Volume

9000 1000000 4500 600000
Volume Deal Count Volume Deal Count
8000 900000 4000
500000
800000
Total Volume (USD Mln)

7000 3500
700000 e
6000 3000 400000
600000
Deal Count
Deal Count
5000 2500
500000 300000
4000 2000
400000
3000
300000 1500 200000
2000
200000 1000
100000
1000 100000 500
0 0
0 0
2008 2009 2010 2011 2012 2013
Q3 Q3 Q3 Q3 Q3 Q3 2008 2009 2010 2011 2012 2013
Q3 Q3 Q3 Q3 Q3 Q3
EMEA M&A Quarterly Volume APAC M&A Quarterly Volume

3000 500000 3500 300000
Volume Deal Count Volume Deal Count
450000
3000
2500 250000
400000
350000 2500

2000 200000
Deal Count
Deal Count
300000
2000
1500 250000 150000
1500
200000
1000 100000
150000
1000
100000
500 50000
500
50000
0 0 0 0
2008 2009 2010 2011 2012 2013 2008 2009 2010 2011 2012 2013
Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3
*All Total Value figures in USD millions.

* All Q3 2013 numbers as of September 30, 2013

3
Notable Highlights
The majority of deal making occurred in the mid-market range (below $500 million), constituting about 97% of the total volume for the quarter. Only six
mega-deals (over $10 billion) were brokered in the last three months, in line with the five-year average. Total volume of mega-deals was up, however, by 79%
compared to the second quarter (excluding the Vodafone-Verizon deal).
Cash continued to be the preferred payment method, used in 53% of transactions. Buyers paid with a hybrid payment of cash and stock in 8% of
transactions, a 50% increase compared to the same period last year.
Announced premiums in the mid-range increased this quarter, with 21% of deals producing a premium of between 25-50% compared to about 17% in the
same period last year.
Q3 2013 Global M&A Aggregate Statistics
Public Target Multiples # Deals Min - Max Median Deal Type Sum m ary # Deals Volum e Percent
Total Assets 455 .00 - 45.24 0.81 Company Takeover 2669 430.87B 62.81
Revenue 409 .00 - 1480.01 1.31 Cross Border 2163 380.01B 55.39
Stockholder Eqty 421 .00 - 3296.58 1.76 Asset sale 1507 132.82B 19.36
Book Value 419 .00 - 3296.58 1.78 Minority purchase 1510 49.03B 7.15
Market Cap 370 .00 - 81.83 1.3 Private Equity 1362 66.82B 9.74
Enterprise Value 346 .00 - 99.87 1.11 Additional Stake Purchase 787 200.54B 29.23
Net Income + Deprec 311 .01 - 3601.22 13.33 Venture Capital 920 10.05B 1.47
EBIT 271 .01 - 3690.48 13.52 Majority purchase 502 46.17B 6.73
Net Income 267 .03 - 3601.22 19.96 Joint Venture 183 23.85B 3.48
Cashflow from Ops. 246 .01 - 1770.55 10.72 Private Placement 139 11.9B 1.73
EBITDA 234 .01 - 348.09 7.96 Tender Offer 85 45.55B 6.64
Income B/F XO 227 .03 - 1023.67 18.76 Leveraged Buyout 155 19.89B 2.9
Free Cashflow 186 .04 - 2447.79 21.74 Spin-off 55 254.07M 0.04
Paym ent Type Sum m ary # Deals Volum e Percent Prem ium s Paid # Deals Volum e Percent
Cash 3942 349.94B 53.2 0-10% 36 13.03B 4.67
Stock 255 67.27B 10.2 10.01-25% 58 49.59B 17.78
Cash & Stock 185 55.03B 8.4 25.01-50% 56 59.32B 21.26
Cash & Debt 25 1.51B 0.2 50.01-75% 16 2.83B 1.01
Cash or Stock 16 21.81B 3.3 >100% 10 4.19B 1.50
Debt 26 819.83M 0.1
Undisclosed 1816 29.54B 4.5 Current Status # Deals Volum e Percent
Pending 2818 590.72B 85.88
Deal Size Breakdow n # Deals Volum e Percent Completed 3720 95.31B 13.86
0-500M 6329 164.12B 96.8 Terminated 16 1.84B 0.27
500.01-1000M 114 77.62B 1.7
1000.01-5000M 80 167.76B 1.2 Current Prem ium # Deals Volum e Percent
5000.01-10,000M 9 57.44B 0.1 0-10% 6510 683.31B 99.60
> 10,000M 6 219.09B 0.1 10.01-25% 15 2.44B 0.36

4
Americas Notable Highlights
Summary Announce Date Target Name Acquirer Name Total Value (mil.)
Number of Deals 3782 02/09/2013 Cellco Partnership Verizon Communications Inc $130,100.0
Volume 480.17B 09/08/2013 Koninklijke KPN NV America Movil SAB de CV $22,695.4
28/07/2013 Omnicom Group Inc Publicis Groupe SA $19,223.5
Average Deal Size 254.73M
15/07/2013 Shoppers Drug Mart Corp Loblaw Cos Ltd $13,007.4
Average Premium 34.19%
30/07/2013 Health Management Associates Inc Community Health Systems Inc $7,527.1
Most Acquisitive Company 03/09/2013 Nokia's Devices & Serv business Microsoft Corp $7,165.0
Acquirer The Carlyle Group 09/09/2013 Molex Inc Koch Industries Inc $6,841.4
Number of Deals 11 24/09/2013 Tokyo Electron Ltd Applied Materials Inc $6,794.4
Volume 47.19M 29/07/2013 Elan Corp PLC Perrigo Co $6,199.3
Average Deal Size 47.19M 09/09/2013 Neiman Marcus Group Inc/The CPPIB,Ares Management LLC $6,000.0
INDUSTRY COUNTRY
TOP ACQUIRERS TOP ACQUIRERS
Telephone-Integrated $134.37 U.S. $347.62
Cellular Telecom $24.23 Canada $36.10
Advertising Services $20.04 Mexico $28.67
Oil Comp-Explor&Prodtn $17.47 France $24.59
Food-Retail $16.33 China $11.63
TOP TARGETS TOP TARGETS
Cellular Telecom $136.46 U.S. $338.24
Telephone-Integrated $22.70 Canada $27.97
Real Estate Oper/Development $20.58 Netherlands $24.06
Advertising Agencies $19.50 Brazil $14.04
Oil Comp-Explor&Prodtn $17.50 Japan $10.41
$- $20 $40 $60 $80 $100 $120 $140 $160 $- $50 $100 $150 $200 $250 $300 $350 $400
Total Volume (USD Bln) Total Volume (USD Bln)
.

5
EMEA Notable Highlights
Summary Announce Date Target Nam e Acquirer Nam e Total Value (m il.)
Number of Deals 1972 02/09/2013 Cellco Partnership Verizon Communications Inc $130,100.0
15/07/2013 French Republic Caisse des Depots et Consignations $23,361.3
Volume 383.78B
09/08/2013 Koninklijke KPN NV America Movil SAB de CV $22,695.4
Average Deal Size 391.61M 28/07/2013 Omnicom Group Inc Publicis Groupe SA $19,223.5
Average Premium 14.88% 23/07/2013 E-Plus Mobilfunk GmbH & Co KG Telefonica Deutschland Holding AG $10,701.7
Most Acquisitive Company 03/09/2013 Nokia's Devices & Services Microsoft Corp $7,165.0
Acquirer WPP PLC 29/07/2013 Elan Corp PLC Perrigo Co $6,199.3
Number of Deals 15 26/07/2013 Activision Blizzard Inc Activision Blizzard Inc $5,830.0
Volume Undis clos ed 06/09/2013 MIP Tow er Holdings LLC American Tow er Corp $4,800.0
Average Deal Size Undis clos ed 20/08/2013 GSW Immobilien AG Deutsche Wohnen AG $4,741.6
INDUSTRY COUNTRY
Telephone - Integrated $141.40 U.S. $182.43
Sovereign $27.47 France $61.10
Cellular Telecom $26.73 Germany $28.55
Sovereign Agency $23.39 Mexico $22.74
Advertising Services $19.22 U.K. $18.85

Cellular Telecom $134.06 U.S. $183.12
Telephone - Integrated $34.00 U.K. $34.57
Finance - Commercial $23.44 France $28.90
Advertising Agencies $19.23 Netherlands $28.21
Medical-Drugs $9.39 Germany $27.08
$- $20 $40 $60 $80 $100 $120 $140 $160 $- $50 $100 $150 $200
. Total Volume (USD Bln) Total Volume (USD Bln)

6
APAC Notable Highlights
Summary Announce Date Target Nam e Acquirer Nam e Total Value (m il.)
Number of Deals 2148 24/09/2013 Tokyo Electron Ltd Applied Materials Inc $6,794.4
Volume 147.49B 02/07/2013 Bank of Ayudhya PCL Mitsubishi UFJ Fin Group Inc $5,734.0
27/09/2013 Beijing Xinw ei Telecom TechCo Ltd Beijing Zhongchuang Telecom Test Co Ltd $4,392.6
Average Deal Size 96.91M
26/09/2013 Grohe Group SARL LIXIL Group, Development Bank of Japan $3,954.3
Average Premium 24.14%
16/07/2013 Envestra Ltd APA Group $3,110.0
Most Acquisitive Company
30/08/2013 Egyptian oil and gas business China Petrochemical Corp $3,100.0
Acquirer Shunfeng Photo Intl 25/08/2013 Mozambique's Offshore Area 1 Oil & Natural Gas Corp Ltd $2,640.0
Number of Deals 10 08/09/2013 Ping An Bank Co Ltd Ping An Insurance Group $2,415.2
Volume 3.51M 26/07/2013 Activision Blizzard Inc Private Inv.,Davis Adv.,Tencent H.,Leonard Green $2,340.0
Average Deal Size 350.95k 09/09/2013 Lucozade,Ribena Suntory Beverage & Food Ltd $2,120.2
INDUSTRY COUNTRY
Investment Companies $9.85 China $50.02
Commer Banks Non-US $9.06 Japan $23.85
Semiconductor Equipment $6.80 U.S. $21.01
Oil Comp-Explor&Prodtn $6.49 Hong Kong $11.89
Real Estate Oper/Development $6.34 Australia $11.15
Real Estate Oper/Development $11.51 China $47.89
Commer Banks Non-US $10.58 Japan $18.14
Investment Companies $7.68 Australia $13.57
Semiconductor Equipment $6.80 U.S. $9.49
Oil Comp-Explor&Prodtn $5.38 South Korea $9.11
$- $2 $4 $6 $8 $10 $12 $14 $- $10 $20 $30 $40 $50 $60

. Total Volume (USD Bln)
Total Volume (USD Bln)

7
Bloomberg
Global M&A Activity Regional Breakdown by Target Region/Country
Regional Breakdown by Target Region/Country

1/1/13 - 9/30/13 2013 2012
Asia-Pacific
ex-Japan
VOLUME DEAL VOLUME DEAL VOLUME
COUNTRY
USD (Mln) COUNT USD (Mln) COUNT CHANGE 16.04%
Americas $877,418 9,160 $725,978 9,648 20.86%

Latin America $62,229 620 $82,447 815 -24.52%
Americas
North America $827,147 8,641 $669,037 8,917 23.63% 51.17%
Canada $70,711 1,088 $95,220 1,147 -25.74%

United States $742,728 7,382 $545,686 7,631 36.11%
EMEA
EMEA $512,452 4,861 $414,845 4,936 23.53% 29.89%
Eastern Europe $57,991 780 $42,801 625 35.49%

Western Europe $412,168 3,632 $340,249 3,857 21.14% Japan
2.90%
UK $95,375 1,299 $147,919 1,429 -35.52%
Germany $70,554 539 $44,536 554 58.42%
France $46,687 355 $23,207 388 101.18%
Asia-Pacific ex-Japan $275,041 4,173 $277,946 4,532 -1.05%
Australia $40,298 644 $41,448 635 -2.78%
New Zealand $2,415 76 $2,724 82 -11.35%
China $112,748 1,219 $98,266 1,672 14.74%
Hong Kong $12,177 301 $11,145 258 9.26%
South East Asia $51,882 775 $55,849 712 -7.10%
India $13,983 462 $26,924 530 -48.07%
Japan $49,769 1,147 $66,970 1,231 -25.69%
Global $1,717,999 19,489 $1,487,947 20,467 15.46%
*Includes Mergers, Acquisitions, Divestitures, Self-tenders and Spinoffs. Excludes Open Market Transactions.
8
Bloomberg
M&A League Tables by Industry

Global Announced Deals - Communications Global Announced Deals - Financial
01/01/13 - 09/30/13 2013 01/01/13 - 09/30/13 2013
RANK MKT VOLUME DEAL RANK MKT VOLUME DEAL
FIRM FIRM
SHARE USD (Mln) COUNT SHARE USD (Mln) COUNT
Goldman Sachs & Co 1 68.4 242,562 31 Morgan Stanley 1 16.6 58,063 39
Morgan Stanley 2 57.1 202,564 25 Goldman Sachs & Co 2 15.4 54,001 55
JP Morgan 3 57.0 202,235 19 BNP Paribas SA 3 12.1 42,347 15
Bank of America Merrill Lynch 4 53.3 188,971 20 Barclays Capital Group 4 11.2 39,371 27
UBS AG 5 45.3 160,638 11 Bank of America Merrill Lynch 5 10.5 36,789 34
Barclays Capital Group 6 38.3 135,732 12 JP Morgan 6 10.0 35,046 29
Guggenheim Partners LLC 7 38.2 135,465 5 Lazard Ltd 7 8.6 30,138 27
Independent Adviser 8 36.7 130,100 1 Moelis & Co 8 8.2 28,846 11
Deutsche Bank AG 9 20.5 72,702 17 Deutsche Bank AG 9 6.0 20,856 19
Citigroup Inc 10 11.3 39,919 21 Credit Suisse Group AG 10 5.4 19,077 22
TOTAL $354,739 2,371 TOTAL $350,403 2,796
Global Announced Deals - Consumer, Non-cyclical Global Announced Deals - Consumer, Cyclical
01/01/13 - 09/30/13 2013 01/01/13 - 09/30/13 2013
RANK MKT VOLUME DEAL RANK MKT VOLUME DEAL
FIRM FIRM
SHARE USD (Mln) COUNT SHARE USD (Mln) COUNT
JP Morgan 1 32.7 96,652 43 RBC Capital Markets 1 13.0 24,017 18

Bank of America Merrill Lynch 2 29.3 86,654 36 Bank of America Merrill Lynch 2 12.7 23,423 12
Lazard Ltd 3 22.5 66,592 26 Goldman Sachs & Co 3 10.8 19,883 34
Morgan Stanley 4 21.5 63,712 45 Credit Suisse Group AG 4 7.9 14,612 20
Goldman Sachs & Co 5 19.6 57,991 41 Morgan Stanley 5 7.1 13,044 25
Moelis & Co 6 15.4 45,579 15 Rothschild 6 6.3 11,549 29
Barclays Capital Group 7 14.3 42,405 37 Deutsche Bank AG 7 5.9 10,892 11
Centerview Partners LLC 8 14.3 42,211 11 Barclays Capital Group 8 4.9 9,066 11
Deutsche Bank AG 9 13.8 40,870 19 Lazard Ltd 9 4.7 8,656 16
Citigroup Inc 10 10.4 30,761 23 Maybank 10 3.5 6,501 3
TOTAL $295,840 3,961 TOTAL $184,338 2,661
9
Bloomberg
M&A Financial Advisory League Tables
Global Announced Deals

Ranked by Volume
1/1/13 - 9/30/13 2013 2012 MKT
RANK MKT VOLUME DEAL RANK MKT SHARE
FIRM
SHARE USD (Mln) COUNT SHARE CHANGE
Goldman Sachs & Co 1 26.8 460,128 228 1 24.6 2.2

Morgan Stanley 2 23.9 411,215 196 2 21.3 2.6
JP Morgan 3 23.9 410,142 160 3 18.8 5.1
Bank of America Merrill Lynch 4 23.2 399,020 144 8 11.4 11.8
Barclays Capital Group 5 17.6 301,890 132 4 16.5 1.1
UBS AG 6 12.5 214,889 104 11 6.5 6.0
Deutsche Bank AG 7 12.4 212,091 112 5 15.8 (3.4)
Citigroup Inc 8 8.9 151,987 138 6 15.4 (6.5)
Credit Suisse Group AG 9 8.8 151,106 137 7 14.3 (5.5)
Lazard Ltd 10 8.6 147,643 136 12 6.1 2.5
Guggenheim Partners LLC 11 8.1 139,908 9 184 0.0 8.1
Independent Adviser 12 7.6 130,100 1 - - 7.6
Moelis & Co 13 6.2 105,960 62 27 1.7 4.5
Centerview Partners LLC 14 5.0 85,883 20 20 2.2 2.8
BNP Paribas SA 15 5.0 85,480 71 14 4.9 0.1
Rothschild 16 4.8 83,151 132 10 7.9 (3.1)
RBC Capital Markets 17 4.0 67,949 103 13 5.6 (1.6)
Evercore Partners Inc 18 3.5 59,426 74 18 2.5 1.0
Wells Fargo & Co 19 2.4 41,919 36 30 1.6 0.8
HSBC Bank PLC 20 2.3 39,474 39 15 3.6 (1.3)
TOTAL $1,717,999 19,489 $1,487,947
*Total Volume represents all announced transactions in US$ millions.
10
Bloomberg
Cross Border Announced Deals

Ranked by Volume
1/1/13 - 9/30/13 2013 2012 MKT
FIRM
Goldman Sachs & Co 1 39.7 316,595 123 2 25.9 13.8

Morgan Stanley 2 35.8 285,527 97 1 26.2 9.6
JP Morgan 3 31.1 248,267 74 3 25.5 5.6
UBS AG 6 22.9 182,758 58 13 8.5 14.4
Deutsche Bank AG 9 15.1 120,396 71 4 23.6 (8.5)
Citigroup Inc 10 11.7 93,686 72 9 13.4 (1.7)
Rothschild 12 7.2 57,749 88 10 11.7 (4.5)
BNP Paribas SA 13 6.3 50,244 53 12 9.6 (3.3)
Lazard Ltd 14 5.1 40,799 68 11 10.3 (5.2)
HSBC Bank PLC 15 4.7 37,319 31 14 7.2 (2.5)
ABN AMRO Bank NV 16 4.3 33,974 6 48 0.9 3.4
Moelis & Co 17 3.2 25,795 17 59 0.6 2.6
Leonardo & Co 18 3.2 25,111 20 292 0.0 3.2
Societe Generale SA 19 3.1 24,793 30 22 2.2 0.9
Rabobank 20 2.7 21,587 10 54 0.8 1.9
TOTAL $798,189 6,628 $699,191
11
Bloomberg
Global Private Equity Announced Deals

Ranked by Volume
1/1/13 - 9/30/13 2013 2012 MKT
FIRM
JP Morgan 1 29.3 75,835 41 3 19.8 9.5

Goldman Sachs & Co 3 25.0 64,771 50 1 26.9 (1.9)
Credit Suisse Group AG 4 22.2 57,388 36 6 15.4 6.8
Deutsche Bank AG 5 18.7 48,391 30 5 16.6 2.1
Barclays Capital Group 7 15.6 40,458 32 2 22.3 (6.7)
Lazard Ltd 8 15.2 39,436 38 19 3.1 12.1
Morgan Stanley 9 14.9 38,507 45 4 18.2 (3.3)
Moelis & Co 10 12.9 33,448 11 23 2.2 10.7
RBC Capital Markets 11 12.9 33,364 18 9 9.2 3.7
Wells Fargo & Co 12 11.9 30,871 10 32 1.4 10.5
Citigroup Inc 13 10.1 26,172 32 7 12.8 (2.7)
BNP Paribas SA 15 6.8 17,583 16 28 1.7 5.1
LionTree Advisors LLC 16 6.4 16,436 2 24 2.2 4.2
UBS AG 17 5.2 13,540 25 12 5.2 -
Leonardo & Co 19 4.1 10,479 12 - - 4.1
Jefferies LLC 20 4.0 10,233 23 10 7.1 (3.1)
TOTAL $258,845 4,067 $332,871
12
Bloomberg
United States Announced Deals

Any Involvement
1/1/13 - 9/30/13 2013 2012 MKT
FIRM

Goldman Sachs & Co 2 34.8 320,791 147 1 24.7 10.1
JP Morgan 3 34.5 317,937 98 3 17.7 16.8
Morgan Stanley 4 29.8 274,910 110 2 18.2 11.6
UBS AG 6 17.0 156,418 53 9 5.7 11.3
Deutsche Bank AG 9 12.8 117,991 63 5 15.1 (2.3)
Citigroup Inc 11 9.8 90,380 81 7 14.6 (4.8)
Lazard Ltd 12 9.6 88,663 81 13 4.6 5.0
Moelis & Co 14 8.6 79,562 46 19 3.0 5.6
Wells Fargo & Co 17 4.6 41,919 36 18 3.3 1.3
BNP Paribas SA 18 4.2 38,894 23 29 1.3 2.9
Rothschild 20 3.6 33,506 30 17 3.5 0.1
TOTAL $921,190 9,343 $705,052
13
Bloomberg
United States Announced Deals

Target or Seller
1/1/13 - 9/30/13 2013 2012 MKT
FIRM

JP Morgan 2 36.7 291,875 92 4 16.8 19.9
Goldman Sachs & Co 3 35.2 280,530 115 1 26.4 8.8
Morgan Stanley 4 32.0 254,990 97 2 18.8 13.2
UBS AG 6 19.4 154,860 40 9 5.7 13.7
Deutsche Bank AG 9 14.2 113,143 52 7 14.6 (0.4)
Lazard Ltd 10 10.9 86,668 67 13 4.8 6.1
Citigroup Inc 13 10.1 80,432 68 5 15.7 (5.6)
Moelis & Co 14 9.9 78,606 42 19 3.2 6.7
Wells Fargo & Co 17 5.2 41,738 33 16 3.8 1.4
Rothschild 18 3.8 30,270 18 18 3.4 0.4
BNP Paribas SA 19 3.5 27,939 13 51 0.4 3.1
TOTAL $796,487 7,699 $601,767
14
Bloomberg
Canada Announced Deals

Any Involvement
1/1/13 - 9/30/13 2013 2012 MKT
FIRM

Morgan Stanley 3 16.4 19,545 14 15 5.9 10.5
Goldman Sachs & Co 4 14.4 17,184 13 3 26.6 (12.2)
Bank of Nova Scotia 5 11.2 13,333 16 5 15.1 (3.9)
BMO Capital Markets Corp 6 10.0 11,925 30 2 26.8 (16.8)
CIBC 7 9.9 11,760 22 10 9.9 -
Deutsche Bank AG 8 9.1 10,839 8 14 6.1 3.0
TD Securities Inc 9 8.4 10,010 27 6 14.6 (6.2)
Canaccord Genuity Corp 11 6.1 7,236 16 13 7.1 (1.0)
Rothschild 14 2.7 3,184 7 16 5.0 (2.3)
GMP Securities LP 15 2.7 3,157 13 21 3.0 (0.3)
JP Morgan 16 2.6 3,122 8 11 7.7 (5.1)
Citigroup Inc 18 2.3 2,681 5 7 11.1 (8.8)
KPMG Corporate Finance LLC 19 1.8 2,169 5 93 0.0 1.8
Raymond James & Associates Inc 20 1.8 2,114 11 62 0.1 1.7
TOTAL $119,326 1,665 $160,123
15
Bloomberg
Canada Announced Deals

Target or Seller
1/1/13 - 9/30/13 2013 2012 MKT
FIRM

Bank of Nova Scotia 3 15.0 12,072 13 4 18.8 (3.8)
CIBC 4 14.6 11,760 22 8 11.2 3.4
Morgan Stanley 5 14.2 11,436 6 13 4.4 9.8
BMO Capital Markets Corp 6 12.5 10,057 27 2 36.0 (23.5)
TD Securities Inc 7 11.7 9,384 24 5 18.4 (6.7)
Goldman Sachs & Co 8 11.7 9,354 7 3 19.4 (7.7)
Canaccord Genuity Corp 9 8.9 7,183 14 9 9.5 (0.6)
GMP Securities LP 11 3.7 3,000 12 14 4.2 (0.5)
Rothschild 12 2.5 1,982 4 37 0.3 2.2
JP Morgan 13 2.3 1,817 4 11 5.0 (2.7)
Houlihan Lokey 15 1.9 1,543 5 - - 1.9
Citigroup Inc 16 1.9 1,516 3 6 16.2 (14.3)
BDT & Co LLC 17 1.8 1,427 1 - - 1.8
Perella Weinberg Partners LP 17 1.8 1,427 1 - - 1.8
HSBC Bank PLC 19 1.6 1,319 2 21 1.4 0.2
Jefferies LLC 20 1.2 958 7 15 3.7 (2.5)
TOTAL $80,303 1,231 $109,388
16
Bloomberg
Latin America Announced Deals

Any Involvement
1/1/13 - 9/30/13 2013 2012 MKT
FIRM
Goldman Sachs & Co 1 41.9 39,816 16 7 21.2 20.7

Deutsche Bank AG 2 28.0 26,554 8 2 28.4 (0.4)
ABN AMRO Bank NV 3 23.9 22,695 1 20 3.3 20.6
Banco BTG Pactual SA 5 13.6 12,945 46 12 13.4 0.2
Bank of America Merrill Lynch 6 8.9 8,397 10 4 26.6 (17.7)
Banco Itau BBA SA 7 8.5 8,103 31 9 19.4 (10.9)
Banco Bradesco BBI SA 8 8.0 7,593 12 13 11.7 (3.7)
Morgan Stanley 9 6.7 6,398 10 10 19.1 (12.4)
Banco Santander SA 10 5.4 5,148 11 14 9.2 (3.8)
Citigroup Inc 11 4.6 4,322 10 11 14.7 (10.1)
Banco Bilbao Vizcaya Argentaria SA 12 3.4 3,204 8 26 0.9 2.5
HSBC Bank PLC 13 3.3 3,091 6 16 6.6 (3.3)
JP Morgan 14 3.2 3,041 8 1 35.2 (32.0)
Lazard Ltd 15 3.1 2,898 9 5 25.7 (22.6)
Rothschild 16 3.0 2,831 11 8 19.7 (16.7)
UBS AG 17 2.5 2,372 4 19 4.4 (1.9)
Bank of Nova Scotia 18 2.0 1,900 2 33 0.6 1.4
TD Securities Inc 20 1.4 1,335 1 69 0.0 1.4
TOTAL $94,931 706 $103,831
17
Bloomberg
Brazil Announced Deals

Any Involvement
1/1/13 - 9/30/13 2013 2012 MKT
FIRM
Banco BTG Pactual SA 1 30.3 12,020 42 5 27.5 2.8

Banco Itau BBA SA 3 20.3 8,069 30 2 42.0 (21.7)
Banco Bradesco BBI SA 4 19.1 7,593 12 6 26.5 (7.4)
Goldman Sachs & Co 5 13.3 5,293 7 7 24.3 (11.0)
Morgan Stanley 6 9.7 3,844 6 19 3.2 6.5
Citigroup Inc 8 8.3 3,279 4 4 32.0 (23.7)
Rothschild 10 7.1 2,831 11 3 34.1 (27.0)
Bank of Nova Scotia 11 4.8 1,900 1 47 0.0 4.8
JP Morgan 12 3.4 1,350 4 9 18.8 (15.4)
Deutsche Bank AG 13 3.1 1,227 3 13 15.6 (12.5)
BR Partners 14 2.9 1,158 7 12 16.2 (13.3)
HSBC Bank PLC 15 1.9 741 3 16 12.0 (10.1)
Barclays Capital Group 16 1.8 716 4 17 11.9 (10.1)
Evercore Partners Inc 17 1.0 413 1 - - 1.0
Lazard Ltd 18 1.0 388 3 10 16.6 (15.6)
Estater Gestao e Financas SA 19 0.8 300 1 47 0.0 0.8
Dalty Assessoria Financeira Ltda 20 0.7 267 2 - - 0.7
TOTAL $39,680 400 $45,597
18
Bloomberg
Europe Announced Deals

Any Involvement
1/1/13 - 9/30/13 2013 2012 MKT
FIRM
Goldman Sachs & Co 1 40.6 309,462 94 1 28.7 11.9

Morgan Stanley 2 37.1 283,169 71 2 28.3 8.8
JP Morgan 3 32.2 245,516 62 5 23.7 8.5
UBS AG 6 24.0 183,388 51 13 9.6 14.4
Guggenheim Partners LLC 7 17.1 130,100 2 - - 17.1
Deutsche Bank AG 9 16.5 125,898 52 3 28.1 (11.6)
Citigroup Inc 10 11.6 88,716 60 8 15.5 (3.9)
BNP Paribas SA 11 11.1 84,363 65 11 11.8 (0.7)
Rothschild 12 9.6 73,358 105 7 16.8 (7.2)
Lazard Ltd 13 8.6 65,763 66 12 11.8 (3.2)
Moelis & Co 15 6.6 50,149 16 50 0.8 5.8
ABN AMRO Bank NV 16 4.5 33,974 10 41 1.1 3.4
HSBC Bank PLC 17 4.2 32,104 24 14 5.1 (0.9)
Leonardo & Co 18 4.0 30,742 29 234 0.0 4.0
Societe Generale SA 19 3.5 26,508 45 17 4.0 (0.5)
Rabobank 20 3.0 22,939 11 46 0.9 2.1
TOTAL $762,710 5,848 $585,780
19
Bloomberg
Europe Announced Deals

Target or Seller
1/1/13 - 9/30/13 2013 2012 MKT
FIRM
Goldman Sachs & Co 1 44.7 301,687 80 1 32.6 12.1

Morgan Stanley 2 37.7 254,471 60 4 26.5 11.2
JP Morgan 3 35.4 239,077 51 5 22.9 12.5
UBS AG 6 25.8 173,913 46 13 9.1 16.7
Deutsche Bank AG 9 15.2 102,723 45 3 27.3 (12.1)
BNP Paribas SA 10 9.5 64,297 61 10 15.2 (5.7)
Lazard Ltd 11 8.6 57,953 59 12 10.1 (1.5)
Citigroup Inc 13 8.1 54,372 51 7 17.6 (9.5)
Rothschild 14 7.7 51,727 98 6 18.7 (11.0)
ABN AMRO Bank NV 15 5.0 33,974 10 35 1.4 3.6
Moelis & Co 16 4.5 30,461 11 45 1.0 3.5
Leonardo & Co 17 4.5 30,258 28 203 0.0 4.5
HSBC Bank PLC 18 3.9 26,305 18 14 5.9 (2.0)
LionTree Advisors LLC 20 2.8 19,100 2 - - 2.8
TOTAL $674,561 4,748 $454,216
20
Bloomberg
United Kingdom Announced Deals

Any Involvement
1/1/13 - 9/30/13 2013 2012 MKT
FIRM
Goldman Sachs & Co 1 59.2 183,900 39 2 37.6 21.6

JP Morgan 2 57.6 178,833 30 4 29.0 28.6
Morgan Stanley 3 53.6 166,340 29 3 31.9 21.7
UBS AG 4 49.5 153,605 18 12 8.7 40.8
Independent Adviser* 7 41.9 130,100 1 - - 41.9
Deutsche Bank AG 9 10.3 31,950 12 5 26.9 (16.6)
Perella Weinberg Partners LP 12 4.6 14,415 2 49 0.4 4.2
Lazard Ltd 13 3.1 9,604 19 11 10.3 (7.2)
Rothschild 14 2.6 7,951 39 10 15.3 (12.7)
HSBC Bank PLC 16 2.2 6,951 10 14 5.5 (3.3)
BNP Paribas SA 17 2.2 6,945 9 8 22.3 (20.1)
Jefferies LLC 18 2.2 6,782 11 20 3.6 (1.4)
VTB Capital ZAO 19 1.9 5,844 3 53 0.3 1.6
Nomura Holdings Inc 20 1.8 5,727 8 7 23.8 (22.0)
TOTAL $310,561 2,137 $257,219
*Independent Adviser: Paul J. Taubman
21
Bloomberg
Germany Announced Deals

Any Involvement
1/1/13 - 9/30/13 2013 2012 MKT
FIRM
Goldman Sachs & Co 1 43.8 42,005 13 3 32.3 11.5

Deutsche Bank AG 2 41.6 39,845 14 1 36.8 4.8
UBS AG 3 35.2 33,779 11 7 17.4 17.8
Morgan Stanley 4 32.4 31,099 9 2 35.1 (2.7)
JP Morgan 5 26.0 24,894 9 6 19.2 6.8
Citigroup Inc 6 24.4 23,432 11 5 22.0 2.4
Rothschild 7 20.8 19,974 16 4 24.3 (3.5)
Perella Weinberg Partners LP 9 18.3 17,561 2 10 10.8 7.5
HSBC Bank PLC 10 12.7 12,207 4 18 3.1 9.6
ABN AMRO Bank NV 11 11.6 11,148 2 30 0.6 11.0
ING Groep NV 12 11.2 10,702 2 56 0.0 11.2
Nomura Holdings Inc 14 4.7 4,489 3 19 3.0 1.7
Jefferies LLC 15 4.6 4,423 2 45 0.3 4.3
Lazard Ltd 16 4.4 4,175 12 11 7.1 (2.7)
Greentech Capital Advisors LLC 17 4.2 4,055 1 - - 4.2
KPMG Corporate Finance LLC 19 2.8 2,659 17 22 1.7 1.1
UniCredit SpA 20 1.7 1,602 9 21 1.7 -
TOTAL $95,881 936 $73,237
22
Bloomberg
France Announced Deals

Any Involvement
1/1/13 - 9/30/13 2013 2012 MKT
FIRM
Morgan Stanley 1 50.4 58,035 15 4 24.0 26.4

Deutsche Bank AG 2 32.6 37,559 10 12 12.5 20.1
BNP Paribas SA 3 30.3 34,886 35 2 27.8 2.5
Lazard Ltd 4 25.4 29,211 20 1 35.7 (10.3)
Citigroup Inc 6 23.5 26,998 9 18 3.3 20.2
Rothschild 7 23.2 26,673 32 3 27.5 (4.3)
Moelis & Co 8 17.3 19,905 4 41 0.1 17.2
JP Morgan 10 16.0 18,369 8 8 15.9 0.1
Goldman Sachs & Co 11 13.6 15,669 16 9 15.0 (1.4)
Centerview Partners LLC 12 7.5 8,651 3 14 8.8 (1.3)
HSBC Bank PLC 15 3.7 4,296 6 10 14.5 (10.8)
Credit Agricole Corporate & Investment Bank SA 16 3.5 4,003 9 13 10.5 (7.0)
Natixis 17 3.1 3,534 5 30 0.4 2.7
Allen & Co Inc 18 2.0 2,340 1 60 0.0 2.0
PricewaterhouseCoopers LLP 19 1.2 1,368 12 25 0.7 0.5
UBS AG 20 1.1 1,250 5 19 1.5 (0.4)
TOTAL $115,064 713 $74,917
23
Bloomberg
Italy Announced Deals

Any Involvement
1/1/13 - 9/30/13 2013 2012 MKT
FIRM
Goldman Sachs & Co 1 29.7 11,750 6 3 26.7 3.0

UniCredit SpA 2 24.0 9,514 18 35 0.0 24.0
Deutsche Bank AG 3 24.0 9,498 5 12 4.2 19.8
Intesa Sanpaolo SpA 4 23.5 9,310 19 16 2.5 21.0
Rothschild 5 22.8 9,036 9 4 26.1 (3.3)
Leonardo & Co 7 19.7 7,779 7 - - 19.7
Lazard Ltd 8 19.2 7,617 10 6 12.8 6.4
BNP Paribas SA 9 17.0 6,719 12 20 1.7 15.3
Morgan Stanley 10 14.6 5,764 3 1 45.3 (30.7)
JP Morgan 12 14.0 5,522 6 11 4.5 9.5
HSBC Bank PLC 13 12.5 4,951 3 13 3.3 9.2
Mediobanca SpA 14 12.3 4,849 3 5 19.1 (6.8)
Royal Bank of Scotland PLC/The 15 10.0 3,959 1 - - 10.0
Natixis 17 5.3 2,109 1 - - 5.3
Citigroup Global Markets Inc 19 1.9 757 1 - - 1.9
UBS AG 20 1.6 615 5 21 1.2 0.4
TOTAL $39,596 273 $25,306
24
Bloomberg
Benelux Announced Deals

Any Involvement
1/1/13 - 9/30/13 2013 2012 MKT
FIRM
Goldman Sachs & Co 1 50.7 73,288 15 4 34.1 16.6

Morgan Stanley 2 30.9 44,707 14 6 24.2 6.7
Citigroup Inc 3 25.4 36,770 8 10 9.7 15.7
JP Morgan 4 25.3 36,594 9 1 42.4 (17.1)
Deutsche Bank AG 5 25.1 36,249 10 2 35.0 (9.9)
ABN AMRO Bank NV 6 23.5 33,974 10 12 6.3 17.2
Leonardo & Co 8 17.0 24,502 8 - - 17.0
Rothschild 9 15.7 22,707 15 19 5.6 10.1
Rabobank 10 15.2 21,916 7 27 1.8 13.4
HSBC Bank PLC 11 13.8 19,874 8 58 0.0 13.8
BNP Paribas SA 12 13.5 19,509 20 26 2.1 11.4
Lazard Ltd 14 11.2 16,191 13 7 19.8 (8.6)
UBS AG 15 11.1 16,053 5 9 10.3 0.8
ING Groep NV 17 7.7 11,104 14 20 4.8 2.9
Allen & Co Inc 18 7.3 10,488 1 62 0.0 7.3
BDT & Co LLC 19 7.0 10,075 1 - - 7.0
TOTAL $144,556 594 $99,631
25
Bloomberg
Iberia Announced Deals

Any Involvement
1/1/13 - 9/30/13 2013 2012 MKT
FIRM
Goldman Sachs & Co 1 24.8 6,714 8 4 28.7 (3.9)

Citigroup Inc 4 10.2 2,778 8 6 27.3 (17.1)
Banco Bilbao Vizcaya Argentaria SA 5 9.4 2,542 15 24 3.3 6.1
Morgan Stanley 6 5.6 1,531 5 20 7.3 (1.7)
JP Morgan 7 4.2 1,124 4 21 6.0 (1.8)
Banco Espirito Santo de Investimento SA 9 3.5 950 4 2 37.4 (33.9)
Rothschild 10 3.5 938 6 5 28.2 (24.7)
Caixa Geral de Depositos SA 11 3.1 848 1 - - 3.1
Perella Weinberg Partners LP 11 3.1 848 1 27 2.3 0.8
Kotak Mahindra Bank Ltd 13 2.9 787 6 - - 2.9
Nomura Holdings Inc 14 2.6 705 3 22 4.2 (1.6)
UBS AG 15 2.6 692 4 19 7.9 (5.3)
Credit Suisse Group AG 16 2.4 660 1 17 16.3 (13.9)
AZ Capital SL 17 2.4 655 1 - - 2.4
RBC Capital Markets 17 2.4 655 1 - - 2.4
PricewaterhouseCoopers LLP 19 2.0 553 12 32 1.0 1.0
Societe Generale SA 20 1.6 427 2 18 9.3 (7.7)
TOTAL $27,120 295 $33,392
26
Bloomberg
Nordic Announced Deals

Any Involvement
1/1/13 - 9/30/13 2013 2012 MKT
FIRM
Goldman Sachs & Co 1 34.9 19,343 9 2 25.5 9.4

JP Morgan 2 29.8 16,558 8 14 8.3 21.5
Morgan Stanley 4 11.0 6,090 4 6 18.0 (7.0)
UBS AG 6 10.5 5,814 6 3 22.7 (12.2)
Nordea Bank AB 7 10.2 5,644 12 7 16.7 (6.5)
Jefferies LLC 9 9.0 5,012 4 25 3.5 5.5
Skandinaviska Enskilda Banken AB 10 8.6 4,769 23 24 4.4 4.2
VTB Capital ZAO 12 6.4 3,550 1 - - 6.4
Svenska Handelsbanken AB 13 5.7 3,153 5 29 2.8 2.9
Deutsche Bank AG 15 4.9 2,692 4 1 32.4 (27.5)
DNB ASA 16 3.3 1,810 6 28 3.0 0.3
Rothschild 17 3.2 1,794 11 5 21.1 (17.9)
Lazard Ltd 18 3.1 1,708 5 16 7.1 (4.0)
Erneholm & Haskel 19 2.3 1,256 1 31 2.3 -
Carnegie Fondkommission AB 20 2.1 1,172 6 33 1.6 0.5
TOTAL $55,504 771 $54,287
27
Bloomberg
Africa/Middle East Announced Deals

Any Involvement
1/1/13 - 9/30/13 2013 2012 MKT
FIRM
Morgan Stanley 1 27.0 18,151 11 18 3.3 23.7

Citigroup Inc 2 21.3 14,325 10 7 7.4 13.9
Allen & Co Inc 4 16.6 11,157 2 - - 16.6
Rabobank 5 15.6 10,488 1 63 0.0 15.6
UBS AG 6 13.2 8,859 6 15 4.9 8.3
Goldman Sachs & Co 9 10.4 6,978 5 1 21.2 (10.8)
Lazard Ltd 10 9.4 6,337 6 13 5.2 4.2
JP Morgan 11 6.8 4,572 5 2 12.2 (5.4)
Ernst & Young 12 3.8 2,542 2 27 0.6 3.2
Standard Chartered Bank 13 3.7 2,500 1 24 1.1 2.6
Deutsche Bank AG 14 3.7 2,488 4 8 7.1 (3.4)
HSBC Bank PLC 15 3.7 2,465 4 4 10.3 (6.6)
National Bank of Abu Dhabi PJSC 16 2.6 1,772 1 - - 2.6
Societe Generale SA 17 1.5 986 3 17 3.7 (2.2)
Rothschild 18 1.4 954 4 14 5.0 (3.6)
CIMB 19 1.3 865 1 - - 1.3
CIBC 20 1.2 803 3 - - 1.2
TOTAL $67,331 671 $51,835
28
Bloomberg
Eastern Europe Announced Deals

Any Involvement
1/1/13 - 9/30/13 2013 2012 MKT
FIRM
JP Morgan 1 15.0 10,773 5 5 14.7 0.3

Morgan Stanley 2 14.7 10,582 6 6 14.7 -
VTB Capital ZAO 3 13.7 9,887 9 12 7.2 6.5
Deutsche Bank AG 5 10.9 7,844 6 7 14.3 (3.4)
Citigroup Inc 6 8.9 6,387 9 14 5.1 3.8
Sberbank CIB CJSC 8 5.9 4,238 8 1 32.2 (26.3)
Renaissance Capital Group Inc 11 5.0 3,616 2 16 3.0 2.0
Goldman Sachs & Co 12 4.8 3,471 6 2 31.2 (26.4)
KPMG Corporate Finance LLC 13 3.6 2,602 11 11 7.9 (4.3)
ING Groep NV 14 3.2 2,290 4 22 1.0 2.2
BNP Paribas SA 15 2.2 1,584 5 23 0.9 1.3
GMP Securities LP 16 2.2 1,583 2 - - 2.2
Bank J Safra Sarasin AG 17 2.0 1,445 1 - - 2.0
Lazard Ltd 18 2.0 1,439 6 42 0.0 2.0
Otkritie Financial Corp JSC 19 2.0 1,408 3 - - 2.0
Canaccord Genuity Corp 20 1.9 1,376 2 - - 1.9
TOTAL $72,037 916 $50,157
29
Bloomberg
Asia Pacific Ex-Japan Announced Deals

Any Involvement
1/1/13 - 9/30/13 2013 2012 MKT
FIRM
Morgan Stanley 1 10.2 36,668 38 4 14.7 (4.5)

JP Morgan 2 9.1 32,767 33 3 15.7 (6.6)
UBS AG 3 6.9 24,985 29 7 8.5 (1.6)
Goldman Sachs & Co 4 6.6 23,831 56 1 22.9 (16.3)
HSBC Bank PLC 7 5.7 20,546 20 10 7.3 (1.6)
Citigroup Inc 9 4.9 17,625 29 2 17.5 (12.6)
Macquarie Group Ltd 10 4.8 17,288 33 15 4.1 0.7
Deutsche Bank AG 11 4.3 15,654 26 8 7.5 (3.2)
Lazard Ltd 12 3.8 13,684 17 34 1.1 2.7
Phatra Securities PCL 13 3.4 12,312 4 130 0.1 3.3
CITIC Securities Co Ltd 14 3.3 11,828 16 20 2.7 0.6
Somerley Ltd 15 2.5 8,838 26 33 1.2 1.3
Maybank 16 2.4 8,802 19 18 3.5 (1.1)
Standard Chartered Bank 17 2.4 8,602 13 19 2.8 (0.4)
BDO Unibank Inc 18 2.3 8,223 3 - - 2.3
China International Capital Corp Ltd 19 2.2 8,014 8 14 4.2 (2.0)
Rothschild 20 2.0 7,300 28 16 3.6 (1.6)
TOTAL $361,233 4,978 $376,287
30
Bloomberg
Asia Pacific Ex-Japan Announced Deals

Target or Seller
1/1/13 - 9/30/13 2013 2012 MKT
FIRM
UBS AG 1 7.8 22,722 21 6 9.3 (1.5)

JP Morgan 2 7.5 21,841 23 3 15.1 (7.6)
Morgan Stanley 3 7.4 21,653 27 2 17.5 (10.1)
Goldman Sachs & Co 5 5.2 15,079 44 1 20.1 (14.9)
HSBC Bank PLC 6 5.1 14,781 16 7 7.9 (2.8)
Citigroup Inc 11 3.4 9,885 20 5 12.6 (9.2)
Somerley Ltd 12 3.0 8,712 25 26 1.6 1.4
Maybank 13 2.9 8,562 18 14 4.4 (1.5)
Deutsche Bank AG 14 2.9 8,338 18 9 6.9 (4.0)
BDO Unibank Inc 15 2.8 8,223 3 - - 2.8
Lazard Ltd 16 2.7 8,025 12 35 0.7 2.0
Haitong Securities Co Ltd 20 2.3 6,700 11 42 0.5 1.8
TOTAL $292,458 4,317 $296,648
31
Bloomberg
Australia & New Zealand Announced Deals

Any Involvement
1/1/13 - 9/30/13 2013 2012 MKT
FIRM
Macquarie Group Ltd 1 14.0 7,466 21 1 20.7 (6.7)

Lazard Ltd 2 12.7 6,753 7 16 1.9 10.8
Morgan Stanley 3 11.0 5,869 7 6 8.6 2.4
UBS AG 4 10.4 5,575 4 5 8.7 1.7
Goldman Sachs & Co 5 6.7 3,566 20 2 14.5 (7.8)
Citigroup Inc 6 5.3 2,819 7 10 4.1 1.2
JP Morgan 7 4.4 2,325 6 18 1.7 2.7
CIMB 8 3.6 1,927 6 40 0.4 3.2
Greenhill & Co Inc 10 2.7 1,424 5 15 1.9 0.8
Deutsche Bank AG 12 2.4 1,275 9 9 5.4 (3.0)
Flagstaff Partners Pty Ltd 14 1.7 925 4 - - 1.7
Gresham Partners Ltd 15 1.7 907 6 27 1.0 0.7
Barclays Capital Group 16 1.6 856 3 32 0.8 0.8
Bank of Nova Scotia 17 1.2 650 1 - - 1.2
PricewaterhouseCoopers LLP 18 1.2 626 11 53 0.1 1.1
Bank of America Merrill Lynch 19 1.1 597 4 25 1.1 -
RBC Capital Markets 20 0.9 503 3 4 11.5 (10.6)
TOTAL $53,399 960 $67,315
32
Bloomberg
Japan Announced Deals

Any Involvement
1/1/13 - 9/30/13 2013 2012 MKT
FIRM
Morgan Stanley 1 30.1 25,619 35 2 30.5 (0.4)

Goldman Sachs & Co 2 14.7 12,506 14 6 11.7 3.0
Sumitomo Mitsui Financial Group Inc 5 12.0 10,230 66 5 21.3 (9.3)
Deutsche Bank AG 6 9.4 8,014 6 16 2.8 6.6
JP Morgan 7 7.9 6,718 7 4 24.7 (16.8)
Phatra Securities PCL 8 6.7 5,734 1 - - 6.7
BNP Paribas SA 10 6.5 5,484 4 30 1.0 5.5
GCA Savvian Corp 11 5.5 4,662 28 12 4.9 0.6
Mizuho Financial Group Inc 12 5.4 4,581 79 3 25.9 (20.5)
Daiwa Securities Group Inc 13 4.7 3,988 33 8 8.7 (4.0)
Moelis & Co 14 4.7 3,954 2 55 0.1 4.6
Houlihan Lokey 16 3.1 2,632 4 63 0.0 3.1
Leonardo & Co 17 3.1 2,593 1 70 0.0 3.1
Greenhill & Co Inc 18 2.5 2,120 2 11 4.9 (2.4)
Deloitte Touche Tohmatsu ILA Group Ltd 20 1.8 1,529 26 21 1.8 -
TOTAL $85,027 1,708 $123,406
33
Bloomberg
China Announced Deals

Any Involvement
1/1/13 - 9/30/13 2013 2012 MKT
FIRM
Morgan Stanley 1 9.4 14,563 12 13 5.5 3.9

JP Morgan 4 6.4 9,889 10 9 8.9 (2.5)
Goldman Sachs & Co 5 5.9 9,185 16 1 21.6 (15.7)
Somerley Ltd 6 5.3 8,245 16 16 3.3 2.0
Haitong Securities Co Ltd 8 4.3 6,650 9 24 1.0 3.3
HSBC Bank PLC 9 4.1 6,325 8 10 8.5 (4.4)
UBS AG 10 3.6 5,588 17 7 10.0 (6.4)
Citigroup Inc 11 3.2 4,920 11 2 19.0 (15.8)
Huatai Securities Co Ltd 14 2.3 3,537 12 41 0.4 1.9
Deutsche Bank AG 15 2.1 3,310 6 8 10.0 (7.9)
Rothschild 16 1.7 2,592 8 14 3.7 (2.0)
Guotai Junan Securities Co Ltd 17 1.5 2,349 5 26 0.8 0.7
Allen & Co Inc 18 1.5 2,340 1 12 5.8 (4.3)
Southwest Securities Co Ltd 20 1.4 2,233 12 18 2.4 (1.0)
TOTAL $154,942 1,497 $137,825
34
Bloomberg
Hong Kong Announced Deals

Any Involvement
1/1/13 - 9/30/13 2013 2012 MKT
FIRM
HSBC Bank PLC 1 11.1 4,119 5 11 4.6 6.5

Somerley Ltd 2 8.2 3,037 16 30 0.4 7.8
Morgan Stanley 3 7.0 2,596 6 1 17.2 (10.2)
Barclays Capital Group 4 5.0 1,840 5 - - 5.0
Goldman Sachs & Co 5 4.8 1,782 5 4 9.4 (4.6)
Credit Suisse Group AG 6 4.7 1,762 5 - - 4.7
Deutsche Bank AG 7 4.5 1,689 8 22 1.4 3.1
Rothschild 8 4.4 1,617 6 7 7.3 (2.9)
JP Morgan 9 4.1 1,524 3 2 16.1 (12.0)
UBS AG 10 3.8 1,410 3 8 6.6 (2.8)
Maybank 11 3.6 1,336 3 31 0.4 3.2
Carnegie Fondkommission AB 12 2.8 1,023 1 - - 2.8
Rabobank 12 2.8 1,023 1 - - 2.8
DNB ASA 12 2.8 1,023 1 - - 2.8
Skandinaviska Enskilda Banken AB 12 2.8 1,023 1 - - 2.8
Macquarie Group Ltd 17 2.3 845 4 10 4.8 (2.5)
Citigroup Inc 18 2.1 790 2 13 3.0 (0.9)
Optima Capital Ltd 19 1.8 662 5 - - 1.8
Kingsway Group Ltd 20 1.6 601 1 - - 1.6
TOTAL $37,195 635 $32,766
35
Bloomberg
India Announced Deals

Any Involvement
1/1/13 - 9/30/13 2013 2012 MKT
FIRM

Morgan Stanley 2 29.7 6,932 7 2 46.9 (17.2)
Citigroup Inc 3 26.7 6,216 3 4 46.0 (19.3)
UBS AG 4 26.1 6,076 2 21 1.1 25.0
Standard Chartered Bank 5 25.4 5,922 4 43 0.1 25.3
HSBC Bank PLC 6 17.0 3,954 3 32 0.5 16.5
Deutsche Bank AG 8 12.3 2,874 4 15 2.0 10.3
Ernst & Young 9 12.0 2,808 29 11 6.9 5.1
Greater Pacific Capital LLP 10 10.0 2,341 1 - - 10.0
Jefferies LLC 11 6.9 1,600 1 19 1.2 5.7
Goldman Sachs & Co 12 6.6 1,538 5 5 44.7 (38.1)
Kotak Mahindra Bank Ltd 13 4.9 1,134 11 14 2.7 2.2
Barclays Capital Group 14 3.3 773 2 3 46.4 (43.1)
Axis Bank Ltd 15 2.9 668 8 10 8.4 (5.5)
Rothschild 16 2.7 621 5 12 5.3 (2.6)
Macquarie Group Ltd 17 2.1 481 1 35 0.2 1.9
PricewaterhouseCoopers LLP 18 1.9 439 7 13 4.1 (2.2)
KPMG Corporate Finance LLC 19 1.4 330 8 1 49.5 (48.1)
JM Financial Ltd 20 1.4 327 2 29 0.6 0.8
TOTAL $23,326 557 $33,126
36
Bloomberg
South East Asia Announced Deals

Any Involvement
1/1/13 - 9/30/13 2013 2012 MKT
FIRM
JP Morgan 1 19.3 15,903 10 2 22.8 (3.5)

BDO Unibank Inc 5 10.0 8,223 3 - - 10.0
HSBC Bank PLC 6 9.9 8,140 6 3 17.1 (7.2)
Deutsche Bank AG 8 9.3 7,673 4 18 2.3 7.0
Maybank 9 9.1 7,476 17 4 16.4 (7.3)
Morgan Stanley 10 8.4 6,873 8 5 14.6 (6.2)
UBS AG 11 7.8 6,451 3 6 11.5 (3.7)
Siam Commercial Bank PCL 12 7.8 6,419 3 29 0.7 7.1
Goldman Sachs & Co 13 7.4 6,061 7 1 27.4 (20.0)
Lazard Ltd 14 6.3 5,192 7 20 2.2 4.1
Jefferies LLC 16 5.4 4,423 1 62 0.0 5.4
CIMB 18 3.9 3,214 15 16 5.4 (1.5)
Citigroup Inc 19 3.4 2,795 5 10 9.2 (5.8)
RHB 20 2.9 2,375 14 9 10.5 (7.6)
TOTAL $82,274 1,089 $80,302
37
Bloomberg
10/01/2013
For data submissions or queries, Bloomberg 2013 3rd Quarter

please contact:
Mergers and Acquisitions Financial Advisory Rankings

Eshani Gupte
North America
+1-212-617-5969 Bloomberg M&A league tables represent transactions that are either pending or completed, and for which Bloomberg
+1-917-369-3965 has been notified.
egupte@bloomberg.net
Bloomberg M&A league tables include mergers, acquisitions, divestitures, self-tenders, spinoffs, debt-for-equity swaps,
Paula Cook-Dinan private placements of common equity and convertible securities, and purchases of convertible securities and cash
EMEA injection components of recapitalizations according to Bloomberg standards. Excludes open market transactions. All
+44-20-3525-8104
deals except additional stake purchases are subjected to a minimum threshold of 5% equity or USD 50 million total
+44-20-7942-1792
value. League table credit is based on announced total value of a deal.
pcookdinan1@bloomberg.net
Devanshi Desai Bloomberg LP and its suppliers believe the information herein was obtained from reliable sources, but they do not
Asia Pacific guarantee its accuracy. Neither the information nor the opinion expressed constitutes a solicitation of the purchase or
+61-2-9777-8661 sale of securities or commodities.
+61-2-9770-8561
dparekh10@bloomberg.net
Fernando Simon
LATAM
+55-11-3048-4619
+55-11-3048-4669
fsimon5@bloomberg.net
For 24 hour global customer support call:
+1 212 318 2000 +44 20 7330 7500 +65 6212 1000 +81 3 3201 8900
or press the HELP key twice on the BLOOMBERG PROFESSIONAL(R) service.
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GLOBAL FINANCIAL ADVISORY

MERGERS & ACQUISITIONS RANKINGS Q3 2013

For data submissions or queries, please contact:

Contact Phone Fax Email

LATAM Fernando Simon +55-11-3048-4619 +55-11-3048-4669 fsimon5@bloomberg.net

General M&A queries may be submitted to: m-a@bloomberg.net

Industry Sector Deal Activity Basic Materials

Heat Map: Q3 2013 Volume by Region

North America 42%

Western Europe 35%

Latin America & Caribbean 5%

Middle East & Africa 2%

* All Q3 2013 numbers as of September 30, 2013.

MA <GO> LEAG <GO> NI DEALSPACE <GO> MARB <GO>

Global M&A Quarterly Volume Americas M&A Quarterly Volume

Total Volume (USD Mln)

EMEA M&A Quarterly Volume APAC M&A Quarterly Volume

Total Volume (USD Mln)

*All Total Value figures in USD millions.

MA <GO> LEAG <GO> NI DEALSPACE <GO> MARB <GO>

MA <GO> LEAG <GO> NI DEALSPACE <GO> MARB <GO>

Telephone-Integrated $134.37 U.S. $347.62

Cellular Telecom $24.23 Canada $36.10

Advertising Services $20.04 Mexico $28.67

Oil Comp-Explor&Prodtn $17.47 France $24.59

Food-Retail $16.33 China $11.63

TOP TARGETS TOP TARGETS

Cellular Telecom $136.46 U.S. $338.24

Telephone-Integrated $22.70 Canada $27.97

Real Estate Oper/Development $20.58 Netherlands $24.06

Advertising Agencies $19.50 Brazil $14.04

Oil Comp-Explor&Prodtn $17.50 Japan $10.41

MA <GO> LEAG <GO> NI DEALSPACE <GO> MARB <GO>

Telephone - Integrated $141.40 U.S. $182.43

Sovereign $27.47 France $61.10

Cellular Telecom $26.73 Germany $28.55

Sovereign Agency $23.39 Mexico $22.74

Advertising Services $19.22 U.K. $18.85

TOP TARGETS TOP TARGETS

Telephone - Integrated $34.00 U.K. $34.57

Finance - Commercial $23.44 France $28.90

Advertising Agencies $19.23 Netherlands $28.21

Medical-Drugs $9.39 Germany $27.08

MA <GO> LEAG <GO> NI DEALSPACE <GO> MARB <GO>

Investment Companies $9.85 China $50.02

Commer Banks Non-US $9.06 Japan $23.85

Semiconductor Equipment $6.80 U.S. $21.01

Oil Comp-Explor&Prodtn $6.49 Hong Kong $11.89

Real Estate Oper/Development $6.34 Australia $11.15

TOP TARGETS TOP TARGETS

Real Estate Oper/Development $11.51 China $47.89

Commer Banks Non-US $10.58 Japan $18.14

Investment Companies $7.68 Australia $13.57

Semiconductor Equipment $6.80 U.S. $9.49

Oil Comp-Explor&Prodtn $5.38 South Korea $9.11

$- $2 $4 $6 $8 $10 $12 $14 $- $10 $20 $30 $40 $50 $60

MA <GO> LEAG <GO> NI DEALSPACE <GO> MARB <GO>

Global M&A Activity Regional Breakdown by Target Region/Country

Regional Breakdown by Target Region/Country

Americas $877,418 9,160 $725,978 9,648 20.86%

Canada $70,711 1,088 $95,220 1,147 -25.74%

Eastern Europe $57,991 780 $42,801 625 35.49%

M&A League Tables by Industry

JP Morgan 1 32.7 96,652 43 RBC Capital Markets 1 13.0 24,017 18