Deallogic Global M&a Review

Global M&A Review | Full Year 2012
'Dsz-on-Year to $2.73tr in 2012

K't>^Z^Global M&A Volume
'^>'h^, Europe and Asia Pacific (ex-Japan) Volume Rankings
Global M&A volume reached $2.73tr in 2012, down

2% on the $2.78tr recorded in 2011. Despite the
overall decrease 4Q 2012 volume of $908.6bn was
the highest quarterly total since 4Q 2007 ($1.03tr)
Cross border volume of $904.5bn was up by 3% year-
on-year in 2012 boosted by an increase in Americas
targeted cross border volume to $358.3bn, up 30%
on 2011
Regional Focus
US targeted M&A volume totaled $971.1bn in 2012,

down 3%, although 4Q 2012 volume of $356.0bn was
the highest quarterly total since 2Q 2008 ($365.9bn)
Europe targeted M&A volume was the lowest since
2009 as volume totaled just $762.8bn in 2012. The
UK led the region with $147.5bn
Asia Pacific (ex Japan) targeted M&A volume of
$509.4bn in 2012 was down 5% on $535.1bn in 2011
and the lowest volume since 2009 ($395.7bn). This
was despite a record high volume of $110.4bn in
South East Asia
Japan outbound volume reached a record high
$112.5bn in 2012, up 35% on the $83.6bn announced
in 2011 and the third year-on-year increase
Industry Sectors
Oil & Gas led the global sector ranking in 2012 with
$384.8bn and a record 14% share of global volume in
2012. The $54.5bn pending bid for TNK-BP by
Rosneftegaz announced in October was the largest
deal across all sectors in 2012
12,000
900
11,000
800
700
10,000
600
500
Financial Sponsors
400
Financial sponsor entry volume dropped 2% to

$189.9bn in 2012 from $193.6bn in 2011.
Professional Services ($25.2bn) was the most
targeted sector in 2012 for the first time since 1998
as volume almost doubled from $13.1bn
200
Financial sponsor exit volume reached $199.2bn,

down 14% from 2011 ($231.9bn). Despite the overall
decrease, secondary buyout volume rose 28% in
2012 to $63.4bn and was the highest since 2007
($156.8bn)
Deals
M&A Volume by World Region
$bn
1000
9,000
8,000
300
7,000
100
0
6,000
1Q
2Q
3Q
4Q
1Q
2010
2Q
3Q
4Q
2011
1Q
2Q
3Q
4Q
2012
Asia Pacific
EMEA

Global Domestic & Cross Border M&A
90%
80%
70%
Withdrawn M&A
60%
50%
Withdrawn M&A volume was $209.6bn in 2012,

down 55% on 2011 ($463.5bn) and the lowest volume
since 2003 ($183.3bn)
Rankings / Advisors
Goldman Sachs led the global, US, Europe and Asia
Pacific (ex-Japan) volume rankings in 2012
40%
30%
20%
10%
0%
2003
2004
2005
2006
2007
Cross Border % of Total M&A
2008
2009
2010
2011
2012
Domestic % of Total M&A

Dealogic M&A Review
Dealogic M&A Review | Full Year 2012

Press Release | Final Results for Immediate Release
January 02 , 2013
Contents
Global M&A
Americas Rankings
Financial Sponsors
14
Global Rankings
EMEA
Financial Sponsors Rankings
15
Top 10 Global Transactions
Europe Rankings
10
Withdrawn M&A
16
Announced M&A by Target Nation & Target Sector
EMEA Rankings
11
Attorney Rankings
17
Top Five Withdrawn Transactions
Asia Pacific
12
Americas
Asia Pacific Rankings
13
Media Contacts
New York
Edward Jones
+1 212 577 4511
edward.jones@dealogic.com
London
Nandeep Roopray
+44 20 7440 6163
nandeep.roopray@dealogic.com
Hong Kong
Shireen Farhana
+852 3698 4707
shireen.farhana@dealogic.com
London
Romaine Jackson
+44 20 7440 6096

romaine.jackson@dealogic.com
Hong Kong
Nisha Bharadwa
+852 3698 4736
nisha.bharadwa@dealogic.com
M&A Contacts
New York
Julien Moneron
+1 212 577 4561
julien.moneron@dealogic.com
Dealogic M&A Review | Full Year 2012 Final Results | January 2013
Page | 2

Dealogic M&A Review
Global M&A
Global M&A Volume
$bn
3,500
Activity of 42,455 deals in 2012 was the lowest since 2010 (42,085 deals)
Deals
50,000
45,000
3,000
40,000
Cross border volume of $904.5bn was up 3% year-on-year in 2012. Total

volume was boosted by Americas targeted cross border which increased 30%
to $358.3bn in 2012 from $275.4bn in 2011. EMEA accounted for the highest
volume of cross border M&A with $373.6bn but this was down 7% on 2011
o
Global M&A volume reached $2.73tr in 2012, down 2% on the $2.78tr

recorded in 2011. Despite the decrease, 4Q 2012 volume of $908.6bn was
the highest quarterly total since 4Q 2007 ($1.03tr)
2,500
35,000
30,000
2,000
25,000
1,500
Global domestic volume was $1.82tr in 2012, the lowest total since 2010
($1.78tr)
20,000
15,000
1,000
Oil & Gas led the global sector ranking with $384.8bn in 2012 and accounted
for a record 14% share of global M&A volume. The $54.5bn pending bid for
nd
TNK-BP by Rosneftegaz, announced on 22 October, was the largest deal of
the year and accounted for 14% of total Oil & Gas volume

10,000
500
5,000
0
2008
2009
2010
Deal Value $bn
2011
Total No. Deals
2012
Glo b al M &A C r o ss B o r d er V o lume b y T ar g et W o r ld R eg io n
Global Target Sector Rankings 2012
Americas
2012
2011
$bn
358.3
275.4
Oil & Gas
384.8
1,856
% Change 2012 vs
2011
41%
Finance
266.5
2,890
4%
Real Estate/Property
260.4
3,240
-7%
Computers & Electronics
209.3
6,231
-8%
Food & Beverage
194.6
1,573
117%
Telecommunications
177.8
1,090
-4%
Healthcare
168.1
2,675
-27%
Utility & Energy
166.4
1,367
-33%
Mining
143.3
2,162
-3%
10
Professional Services
86.6
4,674
46%
Rank
EMEA
2012
2011
$bn
373.6
402.5
Asia Pacific
2012
2011
$bn
172.6
199.9
Target Sector
Volume $bn
No. of Deals
Page | 3

Dealogic M&A Review
Global Rankings Full Year 2012

Global M&A Volume Ranking - Announced Deals
Rank
Advisor
Global M&A Revenue
Value $bn
Deals
% Share
2011 Rank
Rank
Advisor
Revenue $m
% Share
Goldman Sachs
644.7
417
23.7
Goldman Sachs
1,602
8.6
JPMorgan
504.4
311
18.5
JPMorgan
1,259
6.7
Morgan Stanley
495.7
333
18.2
Morgan Stanley
1,179
6.3
Citi
482.9
240
17.7
Credit Suisse
1,133
6.1
Barclays
424.5
229
15.6
Bank of America Merrill Lynch
954
5.1
Deutsche Bank
409.3
238
15.0
Deutsche Bank
920
4.9
Credit Suisse
405.8
264
14.9
Barclays
818
4.4
391.8
249
14.4
Citi
705
3.8
Rothschild
241.1
271
8.8
11
Lazard
688
3.7
10
UBS
232.9
188
8.5
10
UBS
605
3.2
11
Lazard
204.8
245
7.5
10
11
Rothschild
393
2.1
12
Nomura
179.6
179
6.6
12
12
Jefferies & Company
384
2.1
13
Evercore Partners Inc
150.8
110
5.5
14
13
RBC Capital Markets
379
2.0
14
RBC Capital Markets
117.5
191
4.3
17
14
348
1.9
15
BNP Paribas
99.6
92
3.7
13
15
Nomura
323
1.7
16
HSBC
85.8
87
3.2
16
16
Macquarie Group
288
1.5
17
Centerview Partners
80.6
21
3.0
31
17
Moelis & Co
248
1.3
18
Mizuho
79.4
92
2.9
24
18
Houlihan Lokey
210
1.1
19
Jefferies & Company
73.7
134
2.7
19
19
BMO Capital Markets
187
1.0
20
VTB Capital
69.2
22
2.5
57
20
Wells Fargo Securities
155
0.8
Page | 4

Dealogic M&A Review

Top 10 Global Announced M&A Transactions 2012

Announced
Deal Status
Target
Target Nationality
Acquior
Acquiror
Nationality
Target Advisor Parent
Acquiror Advisor Parent
Deal Value
($bn)
Barclays, Citi
Bank of America Merrill
Lynch, VTB Capital,
Deutsche Bank
54.5
22nd Oct 2012
Pending
TNK-BP
Russian Federation
Rosneftegaz
Russia
UBS, Goldman Sachs,

Morgan Stanley,
Renaissance Capital,
Lambert Energy Advisory
7th Feb 2012
Pending
Xstrata (65.9188%)
Switzerland
Glencore International
Switzerland
Goldman Sachs, Deutsche

Bank, Nomura, Barclays,
Lazard, JPMorgan
Citi, Morgan Stanley

BNP Paribas, Credit
Suisse
45.5
2nd Oct 2012
Completed
Kraft Foods Group
United States
Existing Shareholders
United States
Goldman Sachs,
Evercore Partners,
Centerview Partners
36.7
15th Oct 2012
Pending
Sprint Nextel (69.642%)
United States
Softbank
Japan
Rothschild, Citi, UBS
Mizuho, Deutsche Bank,

Raine Group
34.6
1st May 2012
Completed
Phillips 66
United States
Existing Shareholders
United States
Credit Suisse, JPMorgan
20.8
Deutsche Bank, Lazard

Barclays, JPMorgan
Lynch
Credit Suisse, JPMorgan
Lynch, Credit Suisse
29th Jun 2012
Pending
Grupo Modelo (65.7982%)
Mexico
Anheuser-Busch InBev
Belgium
Morgan Stanley
5th Dec 2012
Pending
Plains Exploration &

Production
United States
Freeport-McMoRan Copper &

Gold
United States
Barclays
23rd Jul 2012
Pending
Nexen
Canada
CNOOC
China
Goldman Sachs,
RBC Capital Markets
BMO Capital Markets,

Citi
18.2
26th Nov 2012
Pending
Archstone Enterprise
United States
Equity Residential (60% / 40%)

AvalonBay Communities
United States
Gleacher, JPMorgan, Citi
Morgan Stanley,
Greenhill
16.3
26th Dec 2012
Pending
Bankia SA (Majority%)
Spain
Fondo de Reestructuracion
Ordenada Bancaria
Spain
Citi, Goldman Sachs,

Nomura, BDO
14.1
20.1
19.6
Page | 5

Dealogic M&A Review
Announced M&A by Target Nation & Target Sector

Announced M&A by Target Sector
Announced M&A by Target Nationality

Target
Nationality
2012
2011
Target
Sector
2012
2011
Volume $bn
Deals
Volume $bn
Deals
% Volume
Change
Volume $bn
Deals
Volume $bn
Deals
% Volume
Change
United States
971.1
11,955
1,000.8
10,518
-3%
Oil & Gas
384.8
1,856
273.0
1,955
41%
China
183.0
3,452
187.1
4,283
-2%
Finance
266.5
2,890
255.3
3,254
4%
Canada
151.4
1,933
99.2
2,251
53%
Real Estate
260.4
3,240
280.5
3,299
-7%
United Kingdom
147.5
2,452
135.7
2,463
9%
Technology
209.3
6,231
226.9
5,941
-8%
Russia
121.8
2,158
81.6
3,013
49%
Food & Beverage
194.6
1,573
89.7
1,610
117%
Japan
104.7
2,621
123.5
2,674
-15%
Telecoms
177.8
1,090
185.2
1,169
-4%
Australia
82.5
1,565
135.6
1,746
-39%
Healthcare
168.1
2,675
229.5
2,749
-27%
Germany
73.4
1,313
59.7
1,621
23%
Utility & Energy
166.4
1,367
249.0
1,627
-33%
Brazil
69.0
810
85.0
706
-19%
Mining
143.3
2,162
148.4
2,669
-3%
Switzerland
65.6
283
30.4
345
116%
Professional Services
86.6
4,674
59.4
4,808
46%
Top Five Withdrawn Transactions - 2012

Announced
Date
Withdrawn
Date
Deal Status
Target
Acquiror
Target Advisor Parent
Acquiror Advisor Parent
Deal Value $bn
2nd Apr 2012
14th May 2012
Withdrawn
Avon Products
Joh A Benckiser
Goldman Sachs
JPMorgan, BDT Capital

Partners, Blackstone
12.8
15th Feb 2011
1st Feb 2012
Withdrawn
NYSE Euronext (Bid No 1)
Deutsche Boerse
BNP Paribas, Perella Weinburg,

Goldman Sachs, Morgan
Stanley, Citi
JPMorgan, Deutsche Bank,

SG CIB, Credit Suisse
12.5
12th Dec 2011
14th May 2012
Withdrawn
Vulcan Materials
Martin Marietta Materials
Goldman Sachs, Bank of

America Merrill Lynch
Deutsche Bank, JPMorgan
7.4
25th Jan 2012
20th Apr 2012
Offer expired
Illumina
Roche Holding
Goldman Sachs, Bank of

America Merrill Lynch
Greenhill, Citi
7.0
15th Feb 2012
29th Nov 2012
Withdrawn
Whiting Petroleum
Undisclosed Acquiror
6.2
Page | 6

Dealogic M&A Review
Americas

United States
x
12.0
1,800
10.8
1,600
9.6
1,400
8.4
1,200
7.2
1,000
6.0
800
4.8
600
3.6
Healthcare followed with $104.4bn although this was down 37% from
$164.8bn in 2011 and the lowest volume since 2004 ($69.0bn)
400
2.4
200
1.2
US inbound cross border acquisitions totaled $197.2bn in 2012, up 23% from

the $160.0bn recorded in 2011. Japan was the largest acquiror into the US
and accounted for a record 34% share of all US inbound cross border volume
4Q 2012 volume of $356.0bn was up 67% on the previous quarter

($213.8bn) to be the highest quarterly total since 2Q 2008 ($365.9bn)
Oil & Gas led the US sector ranking with $153.3bn in 2012, the second highest
annual volume on record for the sector, after 1998 ($195.4bn). This was
boosted by 29 $1bn+ transactions totaling a combined $103.9bn
o
2009
Canada
2010
LATAM
2011
2012
Canada as % of AMER
Healthcare
Technology
Oil & Gas led the Canada sector ranking with $61.7bn, almost triple the
$22.1bn reached in 2011. This was driven by EKK $18.2bn bid for Nexen
rd
announced on 23 July 2012, the third largest Canada Oil & Gas targeted deal
on record
Real Estate
Food & Beverage
Telecom
Finance
Latin America targeted M&A reached $147.6bn in 2012, up 3% from 2011

($143.9bn). Despite the increase Brazil targeted M&A dropped to $69.0bn in
2012, down 19% from 2011 ($85.0bn)
Utility & Energy

2012
Prof. Services
2011
Machinery
Top 10 US Target Sectors 2011 - 2012

Oil & Gas
Despite the volume increase, activity totaled 1,933 deals, the lowest
since 2009 (1,412 deals)
Latin America
x
2008
US
Canada targeted M&A volume totaled $151.4bn in 2012, up 53% from 2011
and the highest volume since 2007 ($212.2bn). Canada accounted for a record
12% share of the total Americas targeted volume.
o
0.0
2007
Canada
x
2,000
o
x
Americas Targeted M&A 2007 - 2012
$bn
US targeted M&A totaled $971.1bn in 2012, down 3% on 2011 and below the
10 year average of $990.7bn. Despite the decrease, activity of 11,957 deals
was the highest on record
$bn
50
100
150
200
Page | 7

Dealogic M&A Review
Americas Rankings Full Year 2012

US M&A Volume Ranking - Announced Deals

Volume
No. of
Advisor
% Share
$bn
Deals
Rank
US M&A Revenue Ranking
2011 Rank
Rank
Advisor
Revenue $m
% Share
Goldman Sachs
322.6
210
26.5
Goldman Sachs
1,009
11.5
JPMorgan
260.9
160
21.5
JPMorgan
713
8.1
Morgan Stanley
672
7.6
Citi
214.1
120
17.6
Morgan Stanley
213.2
150
17.5
Credit Suisse
661
7.5
191.0
154
15.7
Barclays
559
6.3
Barclays
190.8
145
15.7
503
5.7
Credit Suisse
190.0
111
15.6
Citi
404
4.6
Deutsche Bank
170.4
109
14.0
10
Deutsche Bank
389
4.4
Lazard
111.5
121
9.2
Lazard
356
4.0
11
10
Jefferies & Company
267
3.0
10
108.4
83
8.9
11
UBS
104.8
65
8.6
11
254
2.9
12
Centerview Partners
80.6
21
6.6
16
12
UBS
204
2.3
Moelis & Co
181
2.1
13
Rothschild
70.3
51
5.8
17
13
14
Greenhill & Co
58.4
29
4.8
26
14
Houlihan Lokey
170
1.9
15
Jefferies & Company
53.2
96
4.4
12
15
RBC Capital Markets
151
1.7
16
Mizuho
50.5
12
4.2
30
16
147
1.7
17
RBC Capital Markets
48.2
100
4.0
14
17
Qatalyst Partners
129
1.5
18
38.8
66
3.2
19
18
Centerview Partners
118
1.3
19
Perella Weinberg Partners
38.4
22
3.2
15
19
Greenhill & Co
95
1.1
20
Moelis & Co
38.0
71
3.1
20
20
Sandler O'Neill & Partners
83
1.0

Canada M&A Volume Ranking - Announced Deals
Rank
No.
Advisor
Vol $m No. % Share
1 RBC Capital Markets
69,662
92
31.8
2 BMO Capital Markets
42,418
39
19.3
3 Goldman Sachs
38,041
16
17.3
4 TD Securities Inc
36,035
44
16.4
5 Bank of America Merrill Lynch
28,725
18
13.1
6 Scotiabank
26,845
30
12.2
7 Citi
24,151
9
11.0
8 Barclays
13,600
13
6.2
9 National Bank Financial
13,537
26
6.2
10 Morgan Stanley
12,353
13
5.6

LATAM (ex Brazil) M&A Volume Ranking - Announced Deals

Rank
Advisor
Vol $m No. % Share
52,090
27
35.8
2 JPMorgan
48,757
27
33.5
3 Lazard
37,708
18
25.9
4 Morgan Stanley
34,596
15
23.8
5 Deutsche Bank
34,465
22
23.7
6 Credit Suisse
27,635
37
19.0
7 Barclays
27,379
3
18.8
8 Goldman Sachs
23,905
35
16.4
9 BTG Pactual
20,153
38
13.8
10 Itau BBA
17,831
24
12.2
Brazil M&A Volume Ranking - Announced Deals

Rank
Advisor
Vol $m No. % Share
1 Credit Suisse
33,671
45
40.2
2 Itau BBA
26,249
53
31.4
3 BTG Pactual
25,549
77
30.5
22,885
15
27.4
5 JPMorgan
20,598
14
24.6
6 Citi
18,204
7
21.8
7 Rothschild
16,631
15
19.9
8 Bradesco BBI
16,016
24
19.1
9 Goldman Sachs
14,670
13
17.5
10 Lazard
9,256
9
11.1
Page | 8

Dealogic M&A Review
EMEA

Europe
x
Despite the overall decrease, 4Q 2012 volume reached $252.8bn, up 86%

on 3Q 2012 ($136.3bn) and the largest quarter since 4Q 2008 ($317.4bn).
This was driven by the $54.5bn acquisition of TNK-BP by Rosneft,
announced in October, the largest deal globally in 2012
Real Estate was the top targeted sector in the UK with volume of $20.8bn,
up 56% on 2011 ($13.4bn)
France targeted M&A of $40.6bn was down 57% on 2011 ($93.6bn) and
the lowest annual total since 1995 ($13.0bn). This helped push down
overall European M&A volume along with large decreases in Italy (down
42% to $38.6bn) and Sweden (down 53% to $17.5bn)
5,000
4,000
3,000
2,000
1,000
0
2H
Oil & Gas was the second most targeted sector with a record high volume
of $106.8bn, up 63% on 2011 ($65.7bn)
1H
2H
1H
2010
2H
1H
2011
Xstrata/Glencore
2H
2012
TNK BP/Rosneft
Deals
European M&A by Target Nationality 2011-2012

United Kingdom
Russia
Germany
Switzerland
Spain
Switzerland was the second most acquisitive country outside of Europe

with acquisitions valued at $34.1bn, up 134% on 2011 ($14.6bn) and the
highest since 2008 ($57.1bn)
Netherlands
France
Italy
Portugal
Sweden
Israel was the most targeted nation with $8.9bn, up 48% on 2011 ($6.0bn)
and the highest volume since 2006 ($14.6bn)
$bn 0
50
100
2012
Africa M&A totaled $42.3bn, up 24% on 2011 ($34.3bn)
6,000
Middle East M&A reached $25.0bn in 2012, up 19% on 2011 ($21.1bn)

o
7,000
Volume
Middle East and Africa

x
8,000
2009
Europe outbound cross region M&A reached $172.6bn in 2012, up 14% on

2011 ($150.8bn). The UK was the most acquisitive nation with $35.6bn
although this was down 41% on 2011 ($60.3bn)
o
9,000
1H
Finance was the most targeted sector for the seventh consecutive year with
volume of $111.3bn, up 8% on 2011 ($103.1bn). Volume was boosted by the
$14.1bn restructuring of Bankia announced in December
o
Deals
500
450
400
350
300
250
200
150
100
50
0
The UK was the most targeted nation in Europe in 2012 with $147.5bn as
volume rose 9% compared with 2011 ($135.7bn)
o
Europe Targeted M&A
$bn
Europe targeted M&A was $762.8bn in 2012, down 6% on 2011 ($811.7bn) and
the lowest annual volume since 2009 ($715.5bn)
150
200
2011
Page | 9

Dealogic M&A Review
Europe Rankings - Full Year 2012

Europe M&A Volume Ranking Announced Deals
Rank
Advisor
Europe M&A Revenue Ranking
Value
$bn
Deals
% Share
2011 Rank
Rank
Advisor
Revenue $m
% Share
Goldman Sachs
284.5
176
27.0
Goldman Sachs
356
7.1
Deutsche Bank
272.7
134
25.9
Deutsche Bank
324
6.5
Morgan Stanley
250.9
135
23.8
JPMorgan
296
5.9
JPMorgan
230.8
141
21.9
Morgan Stanley
289
5.8
Barclays
228.8
90
21.7
275
5.5
Citi
199.7
92
18.9
Rothschild
265
5.3
193.5
98
18.3
10
Lazard
250
5.0
Rothschild
178.8
226
17.0
Credit Suisse
210
4.2
Credit Suisse
173.4
111
16.4
UBS
209
4.2
10
Lazard
134.4
138
12.7
11
10
Barclays
159
3.2
11
UBS
113.8
100
10.8
11
Citi
119
2.4
12
Nomura
111.8
59
10.6
17
12
BNP Paribas
103
2.1
13
BNP Paribas
87.9
81
8.3
12
13
Nomura
100
2.0
14
VTB Capital
69.2
22
6.6
32
14
HSBC
81
1.6
15
HSBC
58.5
60
5.5
14
15
SG Corporate & Investment Banking
79
1.6
16
53.7
34
5.1
31
16
Jefferies & Company
75
1.5
17
Renaissance Capital
33.4
12
3.2
45
17
Macquarie Group
52
1.1
18
Lambert Energy Advisory Ltd
31.9
3.0
101
18
SEB
48
1.0
19
SG Corporate & Investment Banking
31.5
67
3.0
13
19
RBC Capital Markets
42
0.9
20
RBC Capital Markets
24.6
31
2.3
28
20
40
0.8
Page | 10

Dealogic M&A Review
EMEA Rankings Full Year 2012

UK M&A Volume Ranking - Announced Deals
Rank
Advisor
Vol $m No. % Share
1 Goldman Sachs
84,022
50
28.8
2 Barclays
80,185
35
27.5
3 Morgan Stanley
72,093
37
24.7
63,977
35
21.9
5 UBS
58,441
31
20.0
6 Deutsche Bank
56,155
36
19.2
7 Rothschild
52,323
79
17.9
8 Citi
49,266
24
16.9
9 Credit Suisse
47,601
23
16.3
10 JPMorgan
42,570
37
14.6
Italy M&A Volume Ranking - Announced Deals

Vol $m No. % Share
14,988
12
25.6
9,417
9
16.1
9,072
22
15.5
8,981
11
15.4
8,730
26
14.9
8,707
8
14.9
8,469
8
14.5
8,434
9
14.4
8,132
25
13.9
6,865
22
11.7
Rank
Advisor
1 Goldman Sachs
2 Deutsche Bank
3 Rothschild
4 Morgan Stanley
5 Lazard
6 JPMorgan
7 Credit Suisse
8 BNP Paribas
9 Mediobanca
10 Intesa Sanpaolo
Russia M&A Volume Ranking - Announced Deals

Rank
Advisor
1 Deutsche Bank
2 VTB Capital
4 Citi
5 Barclays
6 Goldman Sachs
7 Credit Suisse
8 UBS
9 Morgan Stanley
10 Renaissance Capital
Vol $m
72,574
68,331
66,459
63,222
62,859
46,462
38,681
37,958
37,053
33,310
No.
14
21
5
8
4
19
11
6
15
11
% Share
53.9
50.8
49.4
47.0
46.7
34.5
28.8
28.2
27.5
24.8
Germany M&A Volume Ranking - Announced Deals

Rank
Advisor
1 Morgan Stanley
2 JPMorgan
3 Deutsche Bank
4 Goldman Sachs
5 Rothschild
6 Credit Suisse
7 Citi
8 UBS
9 Lazard
Vol $m
41,357
40,088
33,507
33,482
31,016
22,951
21,900
20,003
18,551
11,661
No.
24
17
26
26
35
19
13
16
23
12
% Share
31.9
31.0
25.9
25.9
24.0
17.7
16.9
15.5
14.3
9.0
Spain M&A Volume Ranking - Announced Deals

Vol $m No. % Share
Rank
Advisor
1 Goldman Sachs
2 Nomura
3 Citi
4 BDO
5 JPMorgan
6 Barclays
7 SG CIB
8 Rothschild
9 Deutsche Bank
10 Lazard
31,942
26,497
20,485
19,945
14,262
12,210
9,200
8,688
7,388
7,279
18
12
12
11
11
7
7
21
5
9
33.2
27.6
21.3
20.8
14.8
12.7
9.6
9.0
7.7
7.6
East Europe (ex RUS) M&A Volume Ranking Announced Deals

Rank
Advisor
Vol $m No. % Share
1 Goldman Sachs
53,740
18
52.5
43,608
9
42.6
3 Barclays
42,104
8
41.1
4 Deutsche Bank
41,527
10
40.6
5 Morgan Stanley
40,822
11
39.9
6 Credit Suisse
36,787
12
35.9
7 Citi
35,470
13
34.7
8 UBS
34,059
11
33.3
9 VTB Capital
33,827
8
33.0
10 Renaissance Capital
31,434
4
30.7

France M&A Volume Ranking - Announced Deals

Vol $m No. % Share
Rank
Advisor
1 Rothschild
2 BNP Paribas
3 Lazard
4 JPMorgan
5 Morgan Stanley
6 Barclays
7 SG CIB
8 Credit Suisse
9 Nomura
10 Goldman Sachs
31,314
30,490
27,327
24,745
23,263
19,475
17,691
15,266
14,981
13,170
62
59
45
24
17
13
42
17
11
19
28.3
27.6
24.7
22.4
21.0
17.6
16.0
13.8
13.5
11.9
Nordics M&A Volume Ranking - Announced Deals

Rank
Advisor
1 Deutsche Bank
2 JPMorgan
3 Goldman Sachs
4 SEB
6 Rothschild
7 Citi
8 Credit Suisse
9 Nordea Markets
10 Barclays
Vol $m
17,926
15,171
15,030
12,382
12,216
9,821
9,539
9,119
7,873
7,703
No.
9
12
12
40
8
17
10
9
27
7
% Share
19.7
16.7
16.5
13.6
13.4
10.8
10.5
10.0
8.7
8.5
MENA M&A Volume Ranking - Announced Deals

Rank
Advisor
1 Goldman Sachs
2 JPMorgan
3 Citi
4 SG CIB
5 HSBC
6 Lazard
7 Barclays
8 Credit Suisse
8 HC Securities & Investment
8 Beltone Financial Holding Co
Vol $m
9,451
7,723
7,651
5,674
5,462
5,038
4,509
4,423
3,616
3,116
No.
12
15
8
2
6
6
7
6
2
1
% Share
15.1
12.3
12.2
9.1
8.7
8.0
7.2
7.1
5.8
5.0
Page | 11

Dealogic M&A Review
Asia Pacific
Asia Pacific (ex Japan)
Asia Pacific (ex Japan) M&A volume totaled $509.4bn in 2012, down 5% on
2011 ($535.1bn) and the lowest volume since 2009 ($395.7bn)
o
x
x
12,000
10,000
6,000
200
4,000
100
China continued as the most targeted nation in Asia Pacific (ex Japan) in 2012
with $183.4bn, the second highest volume on record after 2011 ($187.1bn)
2,000
0
2006
2007
A record 84% ($154.6bn) of China targeted volume was domestic in 2012,

up from a 75% share ($140.2bn) in 2011
2008
2009
Volume ($bn)
2010
2011
2012
Total No. Deals
South East Asia M&A reached record high volume of $110.4bn in 2012, 61%
higher than 2011 ($68.6bn). Despite the increase in volume, activity decreased
13% to 1,989 in 2012 from 2,299 deals in 2011
South East Asia Targeted M&A
$bn
Average deal size reached a record high of $83m in 2012, 77% higher than
$47m in 2011
$m
120
90
80
100
Singapore was the most targeted nation in South East Asia with a record
$52.5bn in 2012, nearly three times the $17.8bn announced in 2011. Malaysia
was second with $19.2bn, up 11% on 2011 ($17.3bn)
70
80
60
50
60
Japan M&A volume reached $104.7bn in 2012, 15% lower than 2011
($123.5bn) and the lowest volume since 2010 ($97.4bn). This decline was
driven by the Financial Sector, with a 72% drop in volume to $6.4bn in 2012
from $22.8bn in 2011
30
20
20
10
0
2006
2007
2008
Volume ($bn)
The top targeted nation remained the US with record volume of $66.7bn,
driven by Softbank's $34.6bn bid for Sprint Nextel announced in October
40
40
Japan outbound M&A reached a record high $112.5bn in 2012, 35% higher
than 2011 ($83.6bn) and the third consecutive rise since 2009 ($27.6bn)
o
500
8,000
Japan
x
14,000
300
As a result of the competing bids for Fraser & Neave by Thai Beverage and
Overseas Union, totaling $21.9bn, Food & Beverage remained the most
targeted sector for Asia Pacific (ex Japan) in 2012 with a record $53.2bn
Deals
600
400
Asia Pacific (ex Japan) targeted deal count was 9,859 in 2012, down from
11,689 deals in 2011 and the lowest activity since 2006 (8,470)
o
x
Despite the overall decrease, volume increased each quarter of 2012 from
$112.2bn in 1Q 2012 to $157.3bn in 4Q 2012, the highest quarter since 4Q
2011 ($179.5bn)
Asia Pacific (ex Japan) Targeted M&A
$bn
2009
2010
2011
2012
Avg Deal Size ($m)
Page | 12

Dealogic M&A Review
Asia Pacific (ex Japan) Rankings Full Year 2012

Asia Pacific (ex Japan) M&A Volume Ranking Announced Deals
Rank
Advisor
Asia Pacific (ex Japan) M&A Revenue Ranking
Volume $bn
Deals
% Share
Rank
Advisor
Revenue $m
% Share
Goldman Sachs
118.5
101
18.7
Credit Suisse
149
8.0
Citi
97.8
70
15.4
Goldman Sachs
134
7.2
Credit Suisse
86.4
58
13.6
Macquarie Group
126
6.8
Morgan Stanley
77.9
63
12.3
JPMorgan
105
5.6
JPMorgan
66.3
55
10.5
UBS
103
5.5
51.7
31
8.2
Deutsche Bank
97
5.2
UBS
46.7
53
7.4
Citi
89
4.8
Deutsche Bank
41.8
49
6.6
Morgan Stanley
68
3.7
HSBC
40.9
33
6.5
62
3.3
10
RBC Capital Markets
27.9
15
4.4
10
Rothschild
45
2.4
Japan Rankings Full Year 2012

Japan M&A Volume Ranking* Announced Deals
Rank
Advisor
Volume $bn
Japan M&A Revenue Ranking
Deals
% Share
Rank
Advisor
Revenue $m
% Share
Mizuho
79.3
91
34.5
Nomura
173
20.1
Nomura
71.3
132
31.0
Morgan Stanley
101
11.7
Morgan Stanley
61.0
73
26.5
Sumitomo Mitsui Financial Group
69
8.0
Citi
46.8
15
20.4
Mizuho
55
6.4
JPMorgan
46.5
20
20.2
Daiwa Securities
40
4.6
UBS
43.5
10
19.0
Barclays
38
4.5
Deutsche Bank
43.1
23
18.8
Goldman Sachs
38
4.4
Rothschild
39.0
17.0
JPMorgan
36
4.2
Raine Group
34.6
15.1
Citi
31
3.6
10
Sumitomo Mitsui Financial Group
34.2
118
14.9
10
UBS
30
3.5
*League table credit for the joint venture, comprising Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. and Morgan Stanley MUFG Securities Co., Ltd., is reflected in the ranking of Morgan Stanley
Page | 13

Dealogic M&A Review
Financial Sponsor

Entry
x
Financial sponsor (FS) entry volume dropped 2% to $189.9bn in 2012

compared with $193.6bn in 2011. 3Q 2012 volume of $63.1bn was the highest
since 2Q 2008 ($70.3bn) and included six out of the top 10 announced FS
entry deals of 2012. However, 4Q 2012 volume dropped back to $50.3bn
Professional Services ($25.2bn) was the most targeted sector in 2012 for the
first time since 1998 as volume almost doubled from $13.1bn. Technology
with $19.6bn recorded the largest drop in volume (down 45%) but was the
second most targeted sector ahead of Retail with $19.1bn (up 62%)
The US was the top nation for financial sponsor entry deals with $98.8bn via
765 deals and accounted for 52% of total volume. The UK followed with
$23.6bn in front of China with $9.9
500
80
400
60
300
40
200
20
100
0
Financial sponsor M&A exits reached $199.2bn via 866 deals in 2012, a 14%
decrease on 2011 ($231.9bn)
2Q
3Q
4Q
2010
FS Buyouts
Trade sale volume of $135.8bn was down 26% on the 2011 record
volume of $182.4bn and accounted for 68% of exit volume, down 11
percentage points on 2011
US targeted SBO volume reached $39.8bn in 2012, more than three

times the $12.2bn recorded in 2011, mainly driven by 13 1bn+ deals.
The US accounted for 63% of global SBO volume, the highest share
since 1998 (86%)
Technology recorded the largest volume of exits with $27.8bn in 2012, a 29%
decrease on 2011 ($39.1bn). Healthcare was second with $27.3bn in 2012 and
accounted for a record 14% of exit volume while Professional Services ranked
third with $18.5bn following three year-on-year increases
1Q
2Q
3Q
4Q
1Q
2Q
2011
FS Exits
3Q
4Q
2012
FS Entry Deals
FS Exit Deals
Financial Sponsor Exit Volume 2007 - 2012
$bn
200
Secondary buyouts (SBO) reached $63.4bn, up 28% on 2011 ($49.5bn). SBOs

accounted for 32% of total financial sponsor exits, the highest share since
2007 ($156.8bn)
o
100
1Q
Deals
600
Exit
x
Financial Sponsor M&A: 2010 - 2012
$bn
120
Deals
1,250
160
1,000
120
750
80
500
40
250
2007
US volume with $105.6bn via 358 deals was up 43% on 2011 ($73.6bn) and
accounted for 53% of financial sponsor exit volume. This was the US
share since 2001 (72%)
2008
SBO
2009
2010
Trade Sales
2011
2012
FS Exit Deals

Page | 14

Dealogic M&A Review
Financial Sponsor* Rankings Full Year 2012

Financial Sponsor M&A - Volume Ranking by Financial Sponsor
Rank
Financial Sponsor
Financial Sponsor M&A - Volume Ranking by Advisor
Volume $bn
Deals
% Share
Rank
Advisor
Volume $bn
Deals
% Share
Carlyle Group
35.0
67
5.8
Goldman Sachs
112.6
106
30.6
Goldman Sachs Capital Partners
30.0
32
5.0
JPMorgan
89.3
75
24.3
Apollo Global Management
18.2
16
3.0
Barclays
66.1
64
17.9
KKR & Co
15.6
40
2.6
Morgan Stanley
65.6
77
17.8
Blackstone Group
14.9
36
2.5
Credit Suisse
64.9
57
17.6
CVC Capital Partners
14.2
29
2.4
Deutsche Bank
64.0
59
17.4
Advent International
13.8
24
2.3
51.0
59
13.9
Bain Capital Partners
13.3
44
2.2
Citi
45.9
49
12.5
Permira
12.9
12
2.1
Nomura
31.1
29
8.4
10
Oaktree Capital Management
11.8
37
2.0
10
Rothschild
27.5
69
7.5

Financial Sponsor M&A - Revenue Ranking by Financial Sponsor
Rank
Financial Sponsor
Financial Sponsor M&A - Revenue Ranking by Advisor
Revenue $m
% Share
Rank
Advisor
Revenue $m
% Share
CVC Capital Partners
122
4.0
Goldman Sachs
284
9.2
Carlyle Group
108
3.5
Barclays
215
7.0
Goldman Sachs Capital Partners
90
2.9
Deutsche Bank
205
6.6
Hellman & Friedman
64
2.1
Credit Suisse
185
6.0
Blackstone Group
63
2.0
176
5.7
TPG Capital
62
2.0
Morgan Stanley
172
5.6
Apollo Global Management
56
1.8
JPMorgan
170
5.5
Bain Capital Partners
53
1.7
Jefferies & Company
140
4.5
Madison Dearborn Partners
51
1.7
Citi
124
4.0
10
Oak Hill Capital Partners
51
1.7
10
Lazard
102
3.3
*Financial Sponsor refers to Entry, Exit & Portfolio transactions; Volume rankings exclude Add-ons.
Page | 15

Dealogic M&A Review
Withdrawn M&A *

Withdrawn Volumes
x
60%
1000
50%
800
40%
Cross border withdrawn M&A accounted for 43% of total withdrawn volume
for 2012, the highest share since 2009 (48%)
600
30%
400
20%
200
10%
4Q withdrawn volume was $46.5bn via 241 deals, the lowest activity since
3Q 2007 (208 deals)
The US had the highest cross border withdrawn volume in 2012 ($38.8bn
via 29 deals), up 84% from 2011 ($21.1bn), and the highest volume since
2008 ($62.3bn)
Withdrawn deals below $1bn accounted for 35% ($73.5bn) of total withdrawn
volume, the highest share on record
o
0
1Q
The largest withdrawn deal in 2012 was the withdrawn acquisition of

Avon Products by Joh A Benckiset for $12.8bn in April 2012
2004
2005
2006
2Q
3Q
2007
2008
4Q
2009
2010
2011
2012
Cross Border % of Withdrawn
Mining had the largest withdrawn volume and activity in 2012 with $32.7bn via
140 deals, although volume was down 49% on 2011 ($64.2bn) and the lowest
since 2005 ($18.8bn). The second largest sector for withdrawn volume was
Finance with $27.5bn via 110 deals for 2012

Days
Days to Completion: 2005-2012
200
Days
60
180
4% of announced deal volume in 2012 was withdrawn by year end. This was
down from 2011 when 9% of volume announced that year had been withdrawn
by the end of 2011. In 2010 the figure stood at 10%
50
160
140
120
100
For deals that completed in 2012 the average days to completion was 53, 11%
higher than in 2011 (48 days) and the longest period since 2005 (56 days)
o
0%
2003
Average Days to Completion
40
30
80
20
60
For deals under $1bn in 2012 the average time to completion was 49 days,
in comparison to 43 days in 2011. Deals of $1bn+ took an average of 127
days to complete in 2012, up from 121 in 2011
40
10
20
0
1200
o
x
Withdrawn M&A: 2003 - 2012
$bn
Withdrawn M&A volume was $209.6bn in 2012, down 55% on 2011 ($463.5bn)
and the lowest volume since 2003 ($183.3bn). The number of deals withdrawn
this year was 1,145, the lowest since 2007 (874 deals)
2005
2006
2007
Deals Under $1bn
*Defined as bids which were officially announced and subsequently withdrawn, rejected or expired
2008
2009
Deals Of $1bn+
2010
0
2011
2012
Average Number of Days

Page | 16

Dealogic M&A Review
Attorney Rankings (Including Attorneys to Advisors) Full Year 2012

Global Attorney Ranking
Attorney
Value $bn No.
Rank

US Attorney Ranking

% Share
Rank
Attorney
Value $bn No.
% Share
Europe Attorney Ranking
Rank
Attorney
Value $bn
No. % Share
1 Skadden Arps Slate Meagher & Flom
376.5
247
13.8
248.7
175
20.5
1 Freshfields
178.2
155
16.9
2 Weil Gotshal & Manges
206.5
180
7.6
2 Simpson Thacher & Bartlett
173.2
117
14.3
2 Linklaters
162.9
113
15.5
197.7
150
7.3
3 Wachtell Lipton Rosen & Katz
171.5
66
14.1
155.4
71
14.7
4 Freshfields
195.7
178
7.2
130.5
138
10.7
4 Cleary Gottlieb Steen & Hamilton
103.5
45
9.8
5 Cravath Swaine & Moore
195.1
57
7.2
5 Sullivan & Cromwell
122.4
101
10.1
5 Clifford Chance LLP
102.3
145
9.7
195.0
145
7.2
6 Davis Polk & Wardwell
116.5
80
9.6
87.9
16
8.3
7 Linklaters
181.5
135
6.7
7 Kirkland & Ellis
116.1
253
9.6
86.1
43
8.2
173.2
70
6.4
112.4
45
9.3
76.9
45
7.3
171.4
89
6.3
9 Shearman & Sterling
99.3
96
8.2
67.3
44
6.4
161.0
146
5.9
7.0
10 King & Wood Mallesons
61.8
17
5.9
10 Jones Day
84.9
305

Attorney Rankings (Corporate Advisory Only) Full Year 2012
Rank
Attorney

US Attorney Ranking
Global Attorney Ranking

Value $bn No.
% Share
Rank
Value $bn No.
Attorney
% Share
Rank
Europe Attorney Ranking

Attorney
Value $bn No.
% Share
162
18.4
1 Freshfields
173.2
150
16.4
171.5
66
14.1
2 Linklaters
162.5
111
15.4
112.7
127
9.3
153.3
70
14.5
335.3
231
12.3
223.0
2 Freshfields
190.7
172
7.0
185.5
168
6.8
4 Linklaters
181.1
133
6.6
109.1
98
9.0
95.5
43
9.1
173.2
70
6.4
5 Jones Day
83.4
294
6.9
5 Clifford Chance LLP
94.6
141
9.0
82.3
237
6.8
82.6
42
7.8
144.3
118
5.3
6 Kirkland & Ellis
124.0
129
4.6
7 Gibson Dunn & Crutcher
79.0
87
6.5
7 King & Wood Mallesons
61.8
17
5.9
116.9
77
4.3
78.3
79
6.5
58.4
37
5.5
9 Clifford Chance
110.8
177
4.1
9 Latham & Watkins
78.3
64
6.4
9 Allen & Overy
58.3
100
5.5
10 Jones Day
100.2
386
3.7
10 Morrison & Foerster
73.8
37
6.1
10 White & Case
46.1
56
4.4
Page | 17

Dealogic M&A Review
Dealogic M&A Coverage & Criteria

The following is an Executive Summary of the coverage & criteria used to produce this document. To obtain a comprehensive
GRFXPHQWGHWDLOLQJ'HDORJLFVSUHFLVHVFRSHSROLFLHVDQGPHWKRGRORJLHVSOHDVHFRQWDFWRQHRIWKHDQDO\VWVOLVWHGRQWKHIURnt page of
this release.

GENERAL
ELIGIBILITY
x
x
x
x
x
Figures based on announcement date unless otherwise stated. League tables based on
announcement date include all transactions announced during the specified period except
withdrawn or failed, and use announced or revised transaction values. In Japan, the
announcement date is considered the date on which full terms are disclosed.
Announced league tables are based on transaction value at announcement of most recent
terms.
Transactions not denominated in US dollars are converted to a US dollar equivalent at the date
of announcement.
Tables in this document are complete and current to the bet
league
tables are subject to retroactive change due to a variety of factors, including, but not limited
to, revaluation, withdrawal or termination, and changes in advisor roles.
To be eligible for league table credit, a financial advisor must submit notification of
involvement in a transaction before the deadline, subject to certain restrictions and
amendments (refer to official documentation).
x
x
x
x
x
Both target and acquiror advisors are eligible for league table credit.
The group head (the investment banking division name of the parent entity) appears in league
tables.
Financial advisor league tables include the following roles: Financial Advisor, Fairness Opinions.
Advisors to the acquiror are eligible for full league table credit when advising the acquiror or
its parent. Advisors to companies with a controlling stake, but less than 50%, of the acquiror
are eligible for proportionate credit, if criteria are met.
Advisors to the target are eligible for full league table credit when advising a shareholder with
an interest of at least 50% in the target. Advisors to shareholders with minority interest in the
target are also eligible for league table credit in proportion to the stake held. In the case of
pending competing offers, the target advisor to the largest offer only is eligible for credit.
Rumors, preliminary discussions, buybacks, carve-outs and withdrawn deals are not included
in league tables, unless otherwise specified.
Region-specific league tables are based upon target, acquiror, acquiring subsidiary or divestor
nationality, primarily the nationality of headquarters of the parent, and if that is unclear, the
nationality of incorporation.

VALUATION
COVERAGE
x
x
x
x
x
x
x
x
x
Acquisitions, acquisitions of assets (divestitures), and stake purchases.

Mergers, Joint Ventures, Spin-offs & Split-offs.
Privatizations, Government-awarded PCS/wireless licenses.
Pharmaceutical rights and brands.
Real estate property transactions defined as managed companies, portfolios or completed
buildings only, are tracked and eligible if valued $100m or above.
Buyback transactions structured as public tender offers, as divestments or as a defensive
technique in response to an unsolicited takeover approach.
Recapitalizations & restructurings.
Debt-for-equity recapitalizations
Restricted Preferred share issuance and Mandatory Convertible Debt

The Dealogic valuation methodology defines the value of a transaction as the cost to acquiror.
In all cases, only the percentage acquired is eligible for league table credit.
League tables appearing in this report are ordered by Deal Value, defined as amount paid by
the acquiror for the target, including net debt.

RANKING CRITERIA

Volume Rankings: Excludes withdrawn deals, buyback programs and carve-outs, includes
assumption of debt; Based on eligible credit amount. Due to credit being given to each advisor
on a deal, the sum of the Market shares will not equal 100%
(Financial Sponsor Rankings exclude add-on transactions)
Revenue Rankings: Dealogic Revenue Analytics employed where fees are not disclosed;
Amalgamation of realized fees from announced and completed deals
Page | 18

Dealogic M&A Review

Notes to Editors

About Dealogic

Dealogic is the platform utilized by investment banks worldwide to optimize performance and improve competitiveness.

Implemented across strategy, capital markets, sales, coverage banking and compliance, firms rely on Dealogic to interconnect their professionals to
more effectively identify opportunities, cover the right clients, evaluate investor appetite, execute deals reliably and to ultimately win more business.

Dealogic is the only firm in the world providing the technology, content and consulting used by investment banks to manage and align their core
operating units, leading to increased profitability and productivity.

Dunique position to foster numerous long standing
relationships and to work in close partnership with investment banks globally.

Dealogic Publishing

The Dealogic Global M&A Review is a quarterly compilation of M&A trends, activity and participant rankings.

The Dealogic M&A StatShot is a daily compilation of M&A activity, highlighting insightful trends and banking relationshipsM&A StatShot is
available to clients and media partners upon request.

Data, research and rankings used within these reports are produced via M&A A/DW

Dealogic Revenue Analytics

Dealogic Revenue Analytics creates a single, objective set of standards that allows for direct comparison of trending across, products, regions and
industries for all investment banks. In instances where fees are not disclosed, Dealogic projects estimates based on historical disclosed precedent
across dozens of statistically tested variables and thousands of individual fee scenarios. Dealogic Revenue Analytics rules are applied to recognition,
booking, and classification of deal revenue to provide a standard metric for competitive analysis and benchmarking of investment banks.
Page | 19

Deallogic Global M&amp;a Review

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Global M&A Review | Full Year 2012

'Dsz-on-Year to $2.73tr in 2012

Global M&A volume reached $2.73tr in 2012, down

US targeted M&A volume totaled $971.1bn in 2012,

Financial sponsor entry volume dropped 2% to

Financial sponsor exit volume reached $199.2bn,

M&A Volume by World Region

Withdrawn M&A volume was $209.6bn in 2012,

Cross Border % of Total M&A

Domestic % of Total M&A

Dealogic M&A Review | Full Year 2012

Financial Sponsors Rankings

Top 10 Global Transactions

Announced M&A by Target Nation & Target Sector

Top Five Withdrawn Transactions

Asia Pacific Rankings

Global M&A Volume

Cross border volume of $904.5bn was up 3% year-on-year in 2012. Total

Global M&A volume reached $2.73tr in 2012, down 2% on the $2.78tr

Glo b al M &A C r o ss B o r d er V o lume b y T ar g et W o r ld R eg io n

Global Target Sector Rankings 2012

Oil & Gas

Computers & Electronics

Food & Beverage

Utility & Energy

Global Rankings Full Year 2012

Global M&A Revenue

Bank of America Merrill Lynch

Bank of America Merrill Lynch

Jefferies & Company

Evercore Partners Inc

RBC Capital Markets

RBC Capital Markets

Evercore Partners Inc

Jefferies & Company

BMO Capital Markets

Wells Fargo Securities

Target Advisor Parent

Acquiror Advisor Parent

22nd Oct 2012

UBS, Goldman Sachs,

7th Feb 2012

Goldman Sachs, Deutsche

Citi, Morgan Stanley

2nd Oct 2012

Kraft Foods Group

15th Oct 2012

Sprint Nextel (69.642%)

Rothschild, Citi, UBS

Mizuho, Deutsche Bank,

1st May 2012

Credit Suisse, JPMorgan

Deutsche Bank, Lazard

29th Jun 2012

Grupo Modelo (65.7982%)

5th Dec 2012

Plains Exploration &

Freeport-McMoRan Copper &

23rd Jul 2012

BMO Capital Markets,

26th Nov 2012

Equity Residential (60% / 40%)

Gleacher, JPMorgan, Citi

Deallogic Global M&a Review

Deallogic Global M&a Review

'Dsz-on-Year to $2.73tr in 2012