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Nov 23, 2015 1:00 EST

Dealogic – IB Revenue Statshot: Europe FIG IB Revenue at Lowest Level in More Than a Decade

iCrowdNewswire - Nov 23, 2015

Friday, November 20, 2015

Europe FIG IB Revenue at Lowest Level in More Than a Decade

By Alexander Totomanov

  • Europe FIG Investment Banking (IB)* revenue stands at $4.7bn in 2015 YTD, down 23% on the $6.1bn generated in 2014 YTD, and the lowest level since 2002 YTD ($4.0bn)
  • Europe FIG ECM revenue has almost halved year-on-year to $915m, from $1.7bn in the respective 2014 period, and is at the lowest YTD level since 2005 ($788m). Revenues from both follow-on transactions and IPOs are down on 2014 YTD, to $718m (down 44%) and $191m (down 52%), respectively
    • Upcoming bank recapitalizations should boost 2015 European FIG follow-on revenue, however, with National Bank of Greece, Eurobank Ergasias, Piraeus Bank, Credit Suisse, and Standard Chartered all expected to price recapitalization transactions in the coming weeks
  • Europe FIG DCM revenue has dropped 18% year-on-year to $2.8bn so far in 2015, from $3.5bn in the respective 2014 period, and stands at the lowest YTD total since 2002 ($2.6bn)
  • Europe FIG M&A revenue has remained flat over the last six YTDs and stands at $724m in 2015 YTD. In contrast, US FIG M&A revenue has seen a significant increase over this period, with $1.2bn recorded in both 2014 YTD and 2015 YTD, compared to an average of $815m for the prior five-YTD period
    • US FIG M&A revenue is up on the back of increasing consolidation volume in the US. Announced M&A volume between US Insurance targets and acquirors is at a YTD record high of $30.5bn in 2015 YTD, while Finance targeted M&A from Finance acquirors has reached a total of $94.3bn, the highest YTD volume since 2007 ($143.9bn)

 

Contact Information:

Alexander Totomanov

Via iCrowdNewswire
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