HONG KONG, April 1 (Reuters) - Asia-Pacific mergers and acquisitions were little changed in the first quarter of 2016, as record outbound deals partially helped offset a slump in inbound transactions, targeting companies in the region, Thomson Reuters data showed on Friday.
Deal activity totalled $293.2 billion, as compared with $296.9 billion in the first quarter of 2015, with outbound acquisitions reaching an all-time high of $123.4 billion, according to preliminary data through March 28.
Goldman Sachs (NYSE:GS) GS.N ranked first as M&A adviser, followed by Credit Suisse CSGN.S and UBS AG UBSG.S .
Top 10 advisers by deal value: Financial adviser
Deal value Change from
No. of
(Including Q1 2015
deals
net debt,
$ mln)
Goldman Sachs
77,841
18.7 pct
15 Credit Suisse
71,657
953.6 pct
18 UBS
70,039
65.4 pct
11 JPMorgan (NYSE:JPM)
68,903
155.7 pct
13 HSBC Holdings (LON:HSBA)
59,477
-20.3 pct
7 CITIC
56,795
236.9 pct
20 Lakeside Capital
46,827
-
1 Advisors LLC
Dyalco
46,827
-
1 CICC
32,284
1,028 pct
14 Citigroup (NYSE:C)
28,856
40.8 pct
18
INDUSTRY TOTAL
293,192
-1.2 pct
2,599
Top 10 advisers by estimated fees earned: Financial adviser
Fees ($
Change from
mln)
Q1 2015
Credit Suisse
45.3
74.2 Macquarie Group
34
311.8 Morgan Stanley (NYSE:MS)
30.9
Goldman Sachs
28.4
-10.6 Bank of America (NYSE:BAC)
25.4
360.6 Rothschild
25.3
406.1 UBS
22.4
33.2 China Renaissance
14.6
87.1 Lazard
14.3
626.7 HSBC Holdings
13.6
1,433
INDUSTRY TOTAL
373.2
-2.1 Source: Thomson Reuters/Freeman Consulting