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Latin M&A’s: Credit Suisse Top Advisor

Abel Halpern January 21, 2009

Credit Suisse replaces Citibank as the top financial advisor in Latin American mergers an acquisitions.

BY CHRONICLE STAFF

Credit Suisse captured the top spot among the top 25 legal M&A advisors in Latin America last year, according to Latin Business Chronicle and Thomson Reuters. The bank advised in 48 deals with a rank value of $40.2 billion. That gave it a market share of 27.1 percent. It also represented a nice increase from 2007, when Credit Suisse rank value in Latin American M&A deals reached $30.3 billion.

Credit Suisse advised Bovespa on its $10.3 billion sale to BM&F (the third-largest M&A deal in Latin America last year) and IronX Mineracao on its $5.5 billion sale to Anglo-American (the fourth-largest M&A deal).

CITIBANK FALLS

Citibank not only lost its previous top spot, but fell by three spots to a fourth place behind Goldman Sachs and Banco Itau, which both jumped five spots on the ranking.

Goldman advised in 11 deals with a rank value of $37.8 billion, which was more than three times higher than its 2007 rank value of $10.3 billion. Goldman's market share stood at 25.5 percent last year, more than twice the 9.7 percent share it had in 2007. Goldman advised Telmex Internacional on its $16 billion spin-off from Telmex (the top M&A deal in Latin America last year), Bovespa on its sale to BM&F and Namisa on its $3.1 billion sales to an Asian investment group.

ITAU JUMP

Banco Itau advised on 16 deals with a rank value of $34.2 billion last year, giving it a market share of 23 percent. The 2008 value was nearly five times higher than the bank's $7.5 billion rank value in 2007.

JP Morgan rounded out the top five financial advisors, with 41 deals with a rank value of $30.0 billion and a market share of 20.2 percent. The bank's rank value last year was about twice the $15.7 billion it boasted in 2007. JP Morgan was a financial advisor to BM&F on its purchase of Bovespa and the Asian investor group that purchased Namisa.

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