Which corporate finance-offices and investment banks guided the most Dutch merges and acquisitions in 2015? The five biggest M&A advisors considered deal size in the Netherlands are all American investment banks, with J.P. Morgan in leading position. The three Dutch big banks do stand at the top of the transaction list with number of deals.
| Name | Number of deals | Value (billion €) | |
|---|---|---|---|
| 1 | J.P. Morgan | 20 | 145,834 |
| 2 | Goldman Sachs | 11 | 135,836 |
| 3 | Bank of America Merrill Lynch | 8 | 126,873 |
| 4 | Morgan Stanley | 7 | 40,622 |
| 5 | Lazard | 9 | 31,841 |
| 6 | Deutsche Bank | 3 | 25,687 |
| 7 | HSBC | 4 | 23,922 |
| 8 | Credit Suisse | 3 | 23,745 |
| 9 | ING Group | 35 | 12,002 |
| 10 | Rothschild | 11 | 10,453 |
| 11 | ABN AMRO | 26 | 9,657 |
| 12 | Rabobank | 24 | 8,330 |
| 13 | Aperghis & Co. | 4 | 7,200 |
| 14 | KPMG | 22 | 2,906 |
| 15 | Zaoui & Co. | 1 | 2,800 |
| 16 | Deloitte | 18 | 2,209 |
| 17 | EY | 14 | 2,069 |
| 18 | Kempen & Co. | 8 | 1,884 |
| 19 | NIBC | 18 | 1,881 |
| 20 | Emendo Capital | 4 | 1,796 |
| 21 | Citigroup | 1 | 1,750 |
| 22 | Nomura | 1 | 1,610 |
| 23 | William Blair | 4 | 1,467 |
| 24 | Lincoln International | 9 | 1,452 |
| 25 | BNP Paribas | 4 | 1,436 |
Although the advisory battle for international mega mergers is definitely won by London and Wall Street (even if this mega merger comes from the Netherlands), the role of Dutch investment banks and advisory firms in the Dutch economy is undiminished.
Dutch dealmakers invariably advise on domestic transactions in SMEs and midcap. Remember that SMEs and mid-cap companies collectively employ the majority of the workforce and account for the majority of total business turnover.
Top 25 by number of deals
So, apart from those few giga deals, which parties provide structural M&A advice to the corporate and private equity sector during the year? ING Group ranks dead last with 35 deals. Following them are Rabobank/Rembrandt (29) and ABN AMRO (26). KPMG is the first non-bank in the list, followed by Deloitte. The first boutique in the list is Holland Corporate Finance.
| Name | Number of deals | Value (billion €) | |
|---|---|---|---|
| 1 | ING Group | 35 | 12,002 |
| 2 | Rabobank/Rembrandt* | 29 | 8,355 |
| 3 | ABN AMRO | 26 | 9,657 |
| 4 | KPMG | 22 | 2,906 |
| 5 | J.P. Morgan | 20 | 145,834 |
| 6 | Deloitte | 18 | 2,209 |
| 7 | NIBC | 18 | 1,881 |
| 8 | PwC | 16 | 1,295 |
| 9 | Holland Corporate Finance | 16 | 0,690 |
| 10 | MBCF | 16 | 0,08 |
| 11 | EY | 14 | 2,069 |
| 12 | Capitalmind | 13 | 0,163 |
| 13 | BDO | 12 | 0,709 |
| 14 | Goldman Sachs | 11 | 135,836 |
| 15 | Rothschild | 11 | 10,453 |
| 16 | Lazard | 9 | 31,841 |
| 17 | Lincoln International | 9 | 1,452 |
| 18 | Bank of America Merrill Lynch | 8 | 126,873 |
| 19 | Kempen & Co. | 8 | 1,884 |
| 20 | Nielen Schuman | 8 | 0,927 |
| 21 | Morgan Stanley | 7 | 40,622 |
| 22 | JBR | 6 | 0,055 |
| 23 | Quore Capital | 5 | 1,024 |
| 24 | Squarefield | 5 | 0,120 |
| 25 | Hogenhouck | 5 | 0,025 |
| 25 | Baker Tilly Berk Corporate Finance | 5 | 0,025 |
| 25 | Main Corporate Finance | 5 | 0,025 |
* The deals of Rabobank and Rembrandt Mergers & Acquisitions have been combined because these entities operate under one balance sheet
Source: M&A
