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APAC’s leading M&A advisers revealed

APAC’s leading M&A advisers revealed

Legal advisers, Mergermarket, APAC M&A report

Mergermarket has released its M&A league table for Q3 2017, revealing Asia-Pacific’s top legal advisers in terms of deal value and count.

According to the APAC M&A report, Allens has retained their top spot for deal value, nabbing US$20.3 billion for Q3 2017.

This was followed by Herbert Smith Freehills with a deal value of US$19.9 billion, King & Wood Mallesons with US$16.5 billion, Ashurst with US$12.8 billion, and Gilbert + Tobin with US$12.6 billion.

In terms of deal count, Herbert Smith Freehills came out on top, recording 53 deals for Q3 2017.

This was followed by Gilbert + Tobin with 42, King & Wood Mallesons with 36, MinterEllison with 35 and Ashurst with 32.

Collectively, the report noted that global M&A has “stuttered” following a “strong showing in the first half of the year”.

“As firms attempt to adapt to ever-changing political and technological change, global M&A has stuttered over the summer, following a strong showing in the first half of the year. The third quarter of 2017 has seen just US$674 billion, the lowest quarterly value since Q1 2016 when 4,349 deals worth US$ 623.4 billion occurred,” the report said.

“Asia-Pacific (excl. Japan) M&A activity experienced a pullback in the third quarter of 2017. The region recorded 831 deals valued at US$157.8 billion in Q3 2017, a 10.9 per cent drop by value from Q3 2016 (US$177.2 billion, 930 deals).

“APAC outbound M&A deal value declined by 40.3 per cent in Q3 2017, to US$26.8 billion, from US$44.8 billion in the same period last year. The drop is in line with the Chinese government’s efforts to curb excessive deal-making. Chinese companies will still continue to search for acquisitions, but will reserve their efforts for transactions that are business critical.”

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