Royal Bank of Canada (RY.TO) was the top investment-banking
adviser on Canadian deals for the second straight year as mergers
surged to a five-year high, led by energy, Bloomberg reported.
Bank of Montreal's (BMO.TO) BMO Capital Markets unit rose to the
second spot, while Goldman Sachs Group Inc. (
) was third, data compiled by Bloomberg show. Toronto-Dominion
Bank's (TD.TO) TD Securities unit was fourth, while Bank of America
) Merrill Lynch unit was fifth. Bankers say they expect more
transactions next year.
"We are, based on what we see today, cautiously optimistic that
the level of activity for 2013 will be better than 2012," Goldman
Sachs Canada Chief Executive Officer John P. Curtin Jr. said in an
interview from Toronto.
Canada's economic stability, improvements in the U.S. economy
and a return of confidence to global markets may fuel more
takeovers in 2013. Mining and energy will drive deals next year,
while areas such as real estate will continue to be busy, according
to investment bankers.
Canadian companies were involved in 2,365 announced deals valued
at $216.9 billion in 2012, up 19% from $182.8 billion in 2011 and
the highest year since 2007, according to Bloomberg data. The
figures and rankings are as of today and subject to change as more
deals are recorded.
Royal Bank's RBC Capital Markets unit worked on 102 acquisitions
valued at $69.6 billion in 2012, including advising Nexen Inc.
(NXY.TO) on its $15.1 billion sale to Cnooc Ltd. of China and
Glencore International Plc's C$6.1 billion ($6.13 billion) offer
for Viterra Inc. (VT.TO), according to Bloomberg data.
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