Schroders takes first place in merger league
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.SCHRODERS has stolen Lazard Brothers' mantle of number one UK mergers and acquisitions adviser, according to a new survey.
Despite the numerous stalled mergers at the beginning of this year, the first three months of 1998 have been a record period for UK corporate activity.
These are the key findings of the latest Acquisitions Monthly survey of UK merger and acquisition activity, which also estimated City advisers lost pounds 400m when the pounds 43bn merger of Glaxo Wellcome and SmithKline Beecham, the pharmaceutical giants, fell apart earlier this year.
Morgan Stanley and Lazard Brothers, Glaxo and SmithKline's financial advisers, did not come away from the deal empty handed.
Philip Healey, editor of Acquisitions Monthly, said: "Advisers working on the failed deal will still have picked up around pounds 20m in fees, while those involved with the lapsed Reed Elsevier merger with Wolters Kluwer took home an estimated pounds 15m."
Between January and March of this year, Acquisitions Monthly recorded 438 UK transactions with a total value of pounds 16.2bn. During the same period last year, 319 transactions were recorded with a total value of pounds 10.7bn.
Schroders advised on six of the 41 UK public takeovers, with a combined value of pounds 4.3bn. It was also involved in the largest UK public takeover so far this year - that of Allied Colloids by Ciba of Switzerland.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments