Thomson Reuters investment banking scorecard

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· Retail and Real Estate M&A both see single-digit percentage increases over 2013

· Worldwide M&A activity totals $2.1tril, up 73% compared to YTD 2013

· Europe M&A activity increases 91% compared to year ago levels

· Asia Pacific DCM hits $453.9bn so far in 2014, down 6% compared to last year

· Down 41% compared to 2013, Consumer Staples ECM is biggest sector decliner this year

· Materials DCM decreases 37% over 2013, weakest sector in the asset class

· CIT Group's $3.4bn purchase of OneWest Bank pushed the level of deal making in the financial sector to $206.6bn for year-to-date 2014, a 54% increase compared to a year ago and the strongest year-to-date period for M&A in the sector since 2011. With strong deal making activity in the healthcare, media and energy sectors, M&A in the financial sector accounts for just 10% of the worldwide total this year, the lowest percentage since year-to-date 1989 when financials accounted for 9% of global M&A.

· The $2.1bn initial public offering from China's WH Group, which marks the largest IPO from a Chinese company this year, pushed China IPO volumes to $20.3bn, nearly five times last year's levels. Bank of China, which led the WH Group offering along with Morgan Stanley, leads China IPO underwriting with 9.0% share so far this year.

· Canada's BCE Inc's $6.4bn purchase of the remaining 56% interest in Bell Alliant marks the largest M&A deal in Canada this year and brings year-to-date Canadian target M&A activity to $52.6bn, a 3% decline compared to last year at this time.

· Australia's Healthscope Ltd raised $2.1bn in an initial public offering this week brining equity capital markets activity from Australian companies to $19.1bn for year-to-date 2014, double year ago levels. Healthscope's offering marks the largest IPO in Australia since QR National raised $4.4bn in November 2010.

· eBay's $3.5bn corporate bond offering this week pushed global investment grade debt issuance in the retail sector to $33.1bn for year-to-date 2014, an 8% increase compared to a year ago and the strongest year-to-date period for corporate debt issuance in the sector since records began in 1980. JP Morgan, which led eBay's offering along with Citi, Morgan Stanley and Wells Fargo, holds the top spot for underwriting in the sector this year with 9.9% share . Retail companies in the United States account for 53% of activity in the sector this year, followed by France with 15% and the United Kingdom with 6%.

Source - Thomson Reuters

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