Rothschild, Kirkland Top the Ranks of PE Advisers in 2016
The report also found that the year ahead contains potential challenges for the industry. The private equity industry continues to face strong competition in 2017 from strategic buyers, sovereign wealth funds, and family offices in acquiring quality private companies. Complicating matters further, is impending tax reform legislation that may take away the tax deductibility of interest expense, which, if enacted, will adversely affect the economics of PE firms.
"Private equity firms continue to navigate a high-valuation environment as they compete for assets against strategic buyers and others," said
The Deal's exclusive ranking covers the top investment banks, law firms, and PR advisers engaged in private equity transactions globally for the full year of 2016. Collected data captures advisers to target/seller and acquirer/bidder companies involving transactions.
Some highlights from the report:
- Among investment banks, Rothschild & Co topped the list with 114 PE deals, 81 of which represented the sell-side. Lazard Ltd. ranked second with 95 deals, 57 of which involved representing the sell-side. Houlihan Lokey Inc. finished third with 80 deals, 67 of which it represented the sell-side.
- Among law firms,
Kirkland & Ellis LLPwas the top counsel to companies, with 287 deals, 192 of which it represented the buy-side. Latham & Watkins LLPwas second with 162 deals. Weil, Gotshal & Manges LLPranked third with 117 deals.
- Among PR firms involved in private equity transactions,
Abernathy MacGregor Group Inc.was first with 117 transactions, in 97 of which it represented the buy-side. Sard Verbinnen & Co. LLCcame in second, with 102 transactions. Kekst and Co.ranked third with 80 transactions.
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