What Was The Share Of Major European Investment Banks In The Global M&A Industry For Q4?

by Trefis Team
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The global M&A industry saw a sharp improvement in activity for the last quarter of the year, with deal volumes in the U.S. as well as in Europe nearly doubling compared to the previous quarter. [1] This helped the largest European investment banks report an increase in the volume of M&A deals announced for the period.

IB_QA_EU_MnA_Ann_16Q4

It should be noted that M&A activity in Europe has been upbeat since U.K.’s unexpected Brexit vote, as consolidation has been seen across industries in the region. Despite this and the strong pipeline of deals built by European investment banks in recent quarters, the banks witnessed a loss in market share in terms of completed deals for Q4 – primarily due to an unusually low market share for UBS and Credit Suisse.

IB_QA_EU_MnA_Comp_16Q4

It should be noted that the largest M&A deals employ many investment banks, so the market share figures in either table are not exclusive.

Barclays has had a strong run in 2016, with the British banking giant ranking #1 among European banks and #5 globally in terms of M&A deals completed. On the other hand, Credit Suisse has seen its market share fall considerably over the course of the year – falling from the #1 position among these banks over Q3’15 – Q2’16 to #4 in Q3 2016 and #3 in Q4 2016. That said, the second largest Swiss bank has a role in the Monsato-Bayer and Sygenta-CNAC Saturn mega-deals that are expected to finalize later this year. Once these deals go through, we expect the bank to return to the top spot in this list over coming quarters.

You can see how changes to Credit Suisse’s share of completed M&A deals globally affect our estimate for the bank’s share price by modifying the chart below.

See full Trefis analysis for Barclays | Credit Suisse | Deutsche Bank | UBS

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Notes:
  1. Investment Banking League Tables, Thomson Reuters Deals Intelligence []
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