THOMSON REUTERS GENERAL USE POWERPOINT TEMPLATE

Feb 13, 2014 - Comcast's Time Warner Takeover is 3rd Largest Deal Since Financial Crisis ... Financial Advisor. Ranking Value inc. Net Debt of Target ($ Mil).
89KB Sizes 0 Downloads 66 Views
February 13th, 2014

DAILY DEALS INSIGHT

Comcast’s Time Warner Takeover is 3rd Largest Deal Since Financial Crisis 450.0

398.6

400.0

368.7

35% 298.3

300.0 250.0 200.0

45%

391.1 40%

350.0 Value (US$ bil)

• Comcast’s offer to buy Time Warner Cable for US$70.2 billion is the largest M&A deal so far this year, the third largest since the financial crisis. It is the 10th largest US M&A deal on record and the 3rd largest deal in the media & entertainment sector of all time. • The deal pushed worldwide announced M&A activity in the media and entertainment sector to US$158.8 billion so far during 2014. Announced M&A across all sectors now totals US$391.1 billion so far during 2014, up 55% over last year at this time and the best annual start since 2007. Media & entertainment is the most active sector year-todate, accounting for 41% of worldwide M&A activity. • With this deal, Morgan Stanley jumps up six places to lead the 2014 worldwide announced M&A financial advisor ranking with US$124.1 billion for a 32% share. JP Morgan, Barclays, Centerview Partners and Citi are lifted to fill 2nd , 5th, 6th and 8th spots, and both Allen & Co. and former Morgan Stanley banker Paul Taubman enter the table in joint 10th spot for their work on the deal. •Time Warner’s financial advisors stand to share an estimated US$57-75 million, while Comcast’s could pick up $51-68 million.

270.4 246.7

30% 255.0

252.0 224.2

231.1

194.1

25% 20%

150.0

15%

100.0

10%

50.0

5%

.0

Number of Deals

FAST FACTS

Worldwide Announced M&A with % in Media & Entertainment Sector

0% 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

YTD Worldwide Announced M&A (US$ bln) % Deals in Media & Entertainment Sector

DEALS INTELLIGENCE

DAILY DEALS INSIGHT

February 13th, 2014

YTD Worldwide announced M&A financial advisor rankings before and after Time Warner Cable / Comcast 2014 Worldwide Announced M&A Financial Advisor League Table Current Ranking, includes Time Warner Cable / Comcast Financial Advisor Morgan Stanley JP Morgan Credit Suisse Goldman Sachs & Co Barclays Centerview Partners LLC Bank of America Merrill Lynch Citi Deutsche Bank Paul J Taubman Allen & Co Inc Guggenheim Securities LLC LionTree Advisors LLC Lazard Evercore Partners Perella Weinberg Partners LP ABN AMRO Bank BNP Paribas SA Rothschild UBS Industry Total (*):tie

Ranking Value inc. Mkt. Number of Net Debt Rank Share Deals of Target ($ Mil) 124,095.3 1 31.7 24 120,366.2 2 30.8 36 102,328.9 3 26.2 21 101,835.6 4 26.0 33 99,403.9 5 25.4 24 91,126.4 6 23.3 7 88,310.9 7 22.6 28 87,461.4 8 22.4 21 86,480.2 9 22.1 15 70,199.1 10* 18.0 1 70,199.1 10* 18.0 1 62,701.6 12 16.0 2 62,576.6 13 16.0 1 29,671.3 14 7.6 16 24,069.4 15 6.2 9 11,060.3 16 2.8 2 10,846.1 17 2.8 1 9,947.6 18 2.5 8 9,940.6 19 2.5 17 9,708.1 20 2.5 8 391,096.3 - 100.0 3,257

Ranking, prior to Time Warner Cable / Comcast Financial Advisor Full to Each Eligible Advisor Credit Suisse Goldman Sachs & Co Bank of America Merrill Lynch Deutsche Bank Guggenheim Securities LLC LionTree Advisors LLC Morgan Stanley JP Morgan Lazard Barclays Evercore Partners Centerview Partners LLC Citi Perella Weinberg Partners LP ABN AMRO Bank BNP Paribas SA Rothschild UBS RBC Capital Markets Scotiabank Industry Total

Ranking Value inc. Mkt. Number of Net Debt Rank Share Deals of Target ($ Mil) 102,328.9 1 31.9 21 101,835.6 2 31.7 33 88,310.9 3 27.5 28 86,480.2 4 27.0 15 62,701.6 5 19.5 2 62,576.6 6 19.5 1 53,896.3 7 16.8 23 50,167.1 8 15.6 35 29,671.3 9 9.3 16 29,204.9 10 9.1 23 24,069.4 11 7.5 9 20,927.4 12 6.5 6 17,262.4 13 5.4 20 11,060.3 14 3.5 2 10,846.1 15 3.4 1 9,947.6 16 3.1 8 9,940.6 17 3.1 17 9,708.1 18 3.