Citigroup's self help. (Cover Story).Within the pool of mergers and acquisitions advisers in 2001, Citigroup/Salomon Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. took top honors in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. thanks to its own US$12.8 billion acquisition of Grupo Financiero Banamex Grupo Financiero Banamex has its origins and is the owner of Banco Nacional de México or Banamex, Mexico's second largest bank behind BBVA Bancomer. The Banamex Financial Group was purchased by Citigroup in August 2001 for $12.5 billion USD. Accival (Banacci), Mexico's largest financial group. J.P. Morgan Chase failed to nab the top spot in dollar value, but it advised twice as many deals as its nearest competitors. Its strong performance focused on Brazil, where it played a role in the cross-ownership breakup of Companhia Siderurgica Nacional and Companhia Vale do Rio Doce Summary Companhia Vale do Rio Doce (CVRD) is a global diversified mining company, the second largest mining company in the world, and the largest logistics operator in Brazil. . Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. took third place, principally by advising Banacci in the Citigroup takeover and by forming part of the team in Dutch financial group ING's $791 million takeover of Mexican insurance company Seguros Comercial America. The last major player in the league tables was Merrill Lynch, which slid into the No. 4 spot on the merits on the merits adj. referring to a judgment, decision or ruling of a court based upon the facts presented in evidence and the law applied to that evidence. A judge decides a case "on the merits" when he/she bases the decision on the fundamental issues and considers of five M&A deals. Overall, M&A activity was down in 2001. According to Thomson Financial Thomson Financial A major provider of information, analytical tools, and consulting services to the financial community. The firm, a division of Thomson Corporation, is best known to investors for its First Call segment, which publishes consensus earnings , the total dollar value of deals dropped 55% to $48 billion. The number of deals fell 27% to 952. By either measure, 2001 was the worst of year for deals in more than five years. Top Financial Advisers RANK RANK ADVISER VALUE # OF DEALS '01 '00 US$ millions 1 5 Citigroup/Salomon Smith Barney 36,087.5 23 2 3 J.P. Morgan Chase 29,473.6 51 3 2 Goldman Sachs 19,423.7 24 4 4 Merrill Lynch 18,054.0 5 5 6 Credit Suisse First Boston 4,796.4 28 6 7 Santander Central Hispano 4,418.0 11 7 1 Morgan Stanley 4,207.5 7 8 9 UBS Warburg 3,546.7 19 9 -- WorldInvest 2,680.7 2 10 12 Deutsche Bank 2,535.9 14 SOURCE: Thomson Financial |
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