Global merger volume fell by more than one third in 2009’s first three quarters, and M&A fees were down by half. By all measures it was a tough environment for takeovers — and perhaps the ultimate challenge for deal makers. In recognition of this, Institutional Investor introduces Rainmakers of the Year, a feature that singles out the bankers behind six of the world’s top ten acquisitions by fees, as estimated by Dealogic.
| 2009 TOP RAINMAKERS | |||
| 1 | Jack Levy | Goldman, Sachs & Co. | |
| 2 | Alex Wilmot-Sitwell | UBS | |
| 3 | Thierry Varène | BNP Paribas | |
| 4 | Michael Klein | Citi | |
| 5 | Arthur Korpach | Canadian Imperial Bank of Commerce | |
| 6 | Todd Snyder | Rothschild |
| Top ten 2009 Deals Ranked by Fees | |||
| The ten deals are ranked according to Dealogic’s estimate of the total M&A fees they generated. The research firm reckons they range broadly from $100 million to $250 million. It declines, however, to cite specific figures for each deal. | |||
| 1. Pfizer–Wyeth Corp. | | 6. Dow Chemical Co.–Rohm & Haas | |
| 2. Gas Natural SDG–Union Fenosa | | 7. Merck & Co.–Schering-Plough | |
| 3. Schaeffler KG–Continental | | 8. Suncor Energy–Petro-Canada | |
| 4. Lloyds TSB Group–HBOS | | 9. General Motors Corp. | |
| 5. Electricité de France–British Energy | | 10. Verizon Communications–Alltel | |
| Source: Dealogic. |