- Among investment banks, Morgan Stanley topped the list with 25 PE deals, 11 of which represented the sell-side. Rothschild & Co ranked second with 23 deals, 17 of which involved representing the sell-side. Houlihan Lokey Inc. finished third with 21 deals, 19 of which it represented the sell-side.
- Among law firms, Kirkland & Ellis LLP was the top counsel to companies, with 61 deals, 44 of which it represented the buy-side. Paul, Weiss, Rifkind, Wharton & Garrison LLP was second with 27 deals. Jones Day and Latham & Watkins LLP tied for third with 22 deals each.
- Among PR firms involved in private equity transactions, Kekst and Co. was first with 19 transactions, in 14 of which it represented the buy-side. Joele Frank, Wilkinson Brimmer Katcher and Sard Verbinnen & Co. LLC tied for second, with 18 transactions each. Chris Tofalli Public Relations LLC ranked third with 11 transactions.
NEW YORK, May 15, 2017 /PRNewswire/ -- Morgan Stanley, Kirkland & Ellis LLP, and Kekst and Co. were the top advisers to the private equity industry in the first quarter of 2017, according to The Deal, a business unit of TheStreet, Inc. (NASDAQ: TST).The report also found robust PE activity should continue for the next 18 months in this seller's market. "Private equity firms, armed with a huge amount of dry powder, are finding attractive opportunities in which to invest despite the continued high valuation environment," said Armie Lee, reporter at The Deal. "Deal advisers say they expect the transaction landscape to remain robust in the months ahead." The Deal's exclusive ranking covers the top investment banks, law firms, and PR advisers engaged in private equity transactions globally from January 1 to March 31, 2017. Collected data captures advisers to target/seller and acquirer/bidder companies involving transactions. Some highlights from the report: