Thursday, July 28, 2011, 11.33 AM
KUALA LUMPUR: Maybank Investment Bank Bhd is on a roll, thumping its rivals on the merger and acquisition (M&A) front, as it leads the league tables of M&A financial advisers, Bloomberg data revealed.
Data showed that Maybank Investment Bank has inked 13 deals worth RM9.85 billion in total. It is ahead of RHB in the second place and CIMB in third placing.
The bulk of the RM9.85 billion deals come from two major M&As.
First was the RM3.5 billion MTD Capital Bhd takeover deal. The other was parent Malayan Banking Bhd's RM4.6 billion takeover of Kim Eng Holdings Ltd.
Other deals include Petroliam Nasional Bhd and Malaysia Marine and Heavy Engineering Bhd acquiring certain assets owned by Sime Darby Bhd for more than US$200 million (RM600 million) collectively, as well as three land and building acquisition deals by Dijaya Corp Bhd.
This, however, does not include the RM11.8 billion bid from Integral Key to buy SapuraCrest Petroleum Bhd and Kencana Petroleum Bhd merger, which Maybank Investment is one of the financial adviser.
Analysts when contacted said they were not surprised by Maybank Investment Bank's achievement in the merger and acquisition arena.
"With this new team in place, they have been very aggressive in this space. I guess partly because they want to establish a stronger footprint in the country, which will also help their mission in becoming a regional player," said an analyst who declined to be named.
Tied in fourth place on the league table are Goldman Sachs, Credit Suisse, Citi and Bank of America Merrill Lynch, for their advisory roles in the deal involving Abu Dhabi Commercial Bank selling a 25 per cent stake in RHB Capital Bhd to Aabar Investments for almost RM6 billion.
Maybank, which is predominantly strong in the consumer space, is on a mission to capture more market share in the investment banking space.
It appointed Tengku Zafrul Tengku Aziz to lead its investment banking unit in middle of last year.
Since the appointment, the company has gained strength in several areas, including its stockbroking business.
Today, it is one of the top four player in the stockbroking business, a huge climb from its eighth position a few years ago.
It hoped to arrange more initial public offer deals, locally and regionally, mainly with the help of its acquisition of Kim Eng. - By Goh Thean Eu
KUALA LUMPUR: Maybank Investment Bank Bhd is on a roll, thumping its rivals on the merger and acquisition (M&A) front, as it leads the league tables of M&A financial advisers, Bloomberg data revealed.
The bulk of the RM9.85 billion deals come from two major M&As.
First was the RM3.5 billion MTD Capital Bhd takeover deal. The other was parent Malayan Banking Bhd's RM4.6 billion takeover of Kim Eng Holdings Ltd.
Other deals include Petroliam Nasional Bhd and Malaysia Marine and Heavy Engineering Bhd acquiring certain assets owned by Sime Darby Bhd for more than US$200 million (RM600 million) collectively, as well as three land and building acquisition deals by Dijaya Corp Bhd.
Analysts when contacted said they were not surprised by Maybank Investment Bank's achievement in the merger and acquisition arena.
"With this new team in place, they have been very aggressive in this space. I guess partly because they want to establish a stronger footprint in the country, which will also help their mission in becoming a regional player," said an analyst who declined to be named.
Tied in fourth place on the league table are Goldman Sachs, Credit Suisse, Citi and Bank of America Merrill Lynch, for their advisory roles in the deal involving Abu Dhabi Commercial Bank selling a 25 per cent stake in RHB Capital Bhd to Aabar Investments for almost RM6 billion.
Maybank, which is predominantly strong in the consumer space, is on a mission to capture more market share in the investment banking space.
It appointed Tengku Zafrul Tengku Aziz to lead its investment banking unit in middle of last year.
Since the appointment, the company has gained strength in several areas, including its stockbroking business.
Today, it is one of the top four player in the stockbroking business, a huge climb from its eighth position a few years ago.
It hoped to arrange more initial public offer deals, locally and regionally, mainly with the help of its acquisition of Kim Eng. - By Goh Thean Eu
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