RBC Daniels Tops In 2007 Cable M&A
Investment Bank Tallies 83 Deals Worth $4 Billion
By Mike Farrell -- Multichannel News, 1/23/2008 8:44:00 AM
Denver-based telecommunications investment banker RBC Daniels and its parent RBC Capital Markets completed 46 cable television, telecom, broadcast and Internet services transactions in 2007, leading the pack in the number of deals completed for the year.
Overall, RBC Daniels and RBC Capital Markets completed 83 deals in 2007 (including corporate financing and financial advisory transactions) for the year worth an aggregate of more than $4 billion.
According to data gleaned from deal-tracker Thomson Financial, RBC Daniels and RBC Capital Markets led in the number of announced mergers and acquisitions in North America involving cable, telecommunications, broadcast and Internet services companies in 2007.
Goldman Sachs came in second place in the cable, telecom, broadcast and Internet services rankings with 17 deals in 2007, followed by Houlihan Lokey Howard & Zukin and UBS each with 16 deals and Morgan Stanley with 15 transactions.
RBC Daniels and RBC Capital Markets also ranked first in the number of transactions closed in these sectors between 2000 and 2007 with 373 deals. Credit Suisse was second place with 203 deals in that time period.
“We are pleased with our 2007 results and have plenty of momentum heading into 2008,” said RBC Daniels CEO Brian Deevy in a statement. “We continue to be the most active M&A advisor in our key sectors of the communications business.”
Among the companies RBC Daniels advised last year include Alltel Communications, AT&T, The Carlyle Group, Charter Communications, Completel, Conterra Ultra Broadband, Demand Media, Guaranty Towers, Hargray Communications Group, Liberty Media, Quadrangle Capital Partners, PrairieWave Holdings, and Wave Broadband.
RBC Daniels, formerly Daniels & Associates, was acquired by RBC Capital Markets in January 2007.
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