With just a couple of weeks left in 2016, Deutsche Bank’s roles advising Fox on a bid to take control of the UK’s Sky and AB InBev on offloading some eastern European beer brands to Japan’s Asahi have moved the bank from number 11 in Dealogic’s rankings to number 10.
The bank will now want to hold on to that top 10 spot – it is currently about $ 36 billion of announced deal value ahead of independent advisory house Evercore in 11th place. If the bank was to slip back, it would mark the first year in which it finished outside of the top 10 M&A advisers globally since 2000, according to Dealogic data.
The big-ticket Fox and AB InBev deals are among Deutsche Bank’s 10 largest advisory mandates this year. Valued by Dealogic at $ 23.2 billion including debt, the Fox deal is the bank’s second-largest M&A transaction in 2016 behind its work with British American Tobacco on an attempt to buy the remaining chunk of Reynolds American, valued by Dealogic at $ 58 billion.
The Fox mandate will therefore mark a strong finish to the year for Thomas Piquemal, the former EDF finance boss who joined Deutsche Bank as its new global M&A head in May 2016. He replaced Henrik Aslaksen, who left Deutsche Bank in mid-2015 and, shortly before Piquemal’s own move, re-emerged in a senior role at Credit Suisse. Deutsche Bank declined to comment.
Deutsche Bank brought out some big names in the transaction. The team working with Fox includes Gavin Deane, its global co-head of telecoms, media and technology, UK M&A head James Arculus and Jon Krissel, its head of acquisition financing for the Americas, along with vice-president Mathew Mathew.