REPORT BANKING

NYC’s Largest Mergers and Acquisitions

Deals announced in 2008, ranked by size
Deal size Date
Rank Buyer Seller (Unit sold) (in millions) announced Date closed
Bank of America Corp. Merrill Lynch & Co. $44,339.7 9/14 1/1/09
1 Charlotte, NC New York, NY
DEALS HALT
CME Group Inc. Nymex Holdings Inc. $11,071.7 1/28 8/22
2 Chicago, IL New York, NY
THE VALUE AND NUMBER
Altria Group Inc. UST Inc. $10,256.3 9/8 1/6/09
3 New York, NY Stamford, CT of announced M&A deals in NYC
Citigroup Inc. Sacyr Vallehermoso SA $9,933.1 12/1 Pending plunged last year, by 41.5% and
4 New York, NY (Itinere Infraestructuras SA)
Madrid, Spain 30.5%, respectively. The faltering
Groupe CM-CIC Citigroup Inc. $7,795.7 7/11 12/5 economy will be a key factor affecting
5 Paris, France (Citibank Privatkunden AG & Co. KGaA)
New York, NY
any dealmaking this year.
Eli Lilly & Co. ImClone Systems Inc. $5,978.1 10/6 11/24
6 Indianapolis, IN New York, NY

7 Verizon Communications Inc. / Vodafone Group PLC

New York, NY
Atlantis Holdings
(Alltel Corp.)
$5,900.0 6/5 1/9/09 Value of M&A deals in NYC
Delaware Includes all deals announced (and not
Bloomberg Inc. Merrill Lynch & Co. $4,425.0 7/17 7/17 canceled) for which terms were disclosed.
8 New York, NY (Bloomberg LP)
New York, NY
Nordic Capital AB / Avista Capital Holdings Bristol-Myers Squibb Co. $4,100.0 5/2 8/1 $325.2
9 New York, NY (Convatec Inc.)
New York, NY
$259.0
Goldman Sachs Group Inc. / PAI Partners SAS Franz Haniel & Cie GmbH $3,034.6 7/15 8/18
10 New York, NY (Xella International GmbH)
Duisburg, Germany
$186.1 $190.3
Ospraie Management ConAgra Foods Inc. $2,164.0 3/27 6/23 $174.5
11 New York, NY (ConAgra Trade Group)
Omaha, NE
Triarc Cos. Wendy’s International Inc. $2,127.8 4/24 9/29
12 New York, NY Dublin, OH
J.P. Morgan Chase & Co. Washington Mutual Inc. $1,900.0 9/25 9/25
13 New York, NY (banking operations)
Seattle, WA
2004 2005 2006 2007 2008

J.C. Flowers & Co. Hypo Real Estate Holding AG $1,756.8 5/23 6/24
14 New York, NY Munich, Germany
Number of M&A deals in NYC
CBS Corp. CNET Networks Inc. $1,752.0 5/15 6/30
15 New York, NY San Francisco, CA
Includes all deals announced.
Philip Morris International Inc. Rothmans Inc. $1,659.9 7/31 10/29
16 New York, NY Toronto, Canada
Lone Star Management Co. CIT Group Inc. $1,500.0 7/1 7/1
17 Dallas, TX (subprime mortgage business)
New York, NY
2004 1,084

Vestar Capital Partners Inc. Unilever PLC $1,450.0 7/28 9/9

18 New York, NY (North American laundry business)
London, U.K. 2005 1,295
Wellspring Capital Management LLC / Blackstone Group Performance Food Group Co. $1,228.6 1/18 5/27
19 New York, NY Richmond, VA
2006 1,341
Warburg Pincus & Co. Safety-Kleen Europe Ltd. $1,119.0 4/30 4/30
20 New York, NY Isleworth, U.K.
American Express Co. General Electric Co. $1,100.0 3/27 Pending
21 New York, NY (Corporate Payment Services)
Fairfield, CT
2007 1,284

GMR Infrastructure Ltd. American International Group Inc. / AIG Global Investment Corp. $1,098.1 6/25 10/14
22 Bangalore, India (InterGen Services Inc.)
New York, NY 2008 892
Goldman Sachs Group Inc. LEG Landesentwicklungsgesellschaft NRW GmbH $1,079.4 6/12 Pending
23 New York, NY Düsseldorf, Germany
Marathon Acquisition Corp. CMA CGM SA $1,000.3 3/24 8/14
24
25
New York, NY

Pacific Equity Partners Property Ltd.

Sydney, Australia
Depository Trust & Clearing Corp.
(Global Ship Lease Inc.)
Marseille, France
American Stock Transfer & Trust Co.
New York, NY
LCH.Clearnet Group Ltd.
$1,000.0

$953.7
5/29

10/22
5/29

Pending
601
Number of deals in which a
26 New York, NY London, U.K. NYC-based company was the buyer,
Blackstone Group GSO Capital Partners $945.0 1/10 3/4 down 33.4% from 2007
27 New York, NY New York, NY
Blackstone Group Apria Healthcare Group Inc. $922.9 6/19 10/28
28
343
New York, NY Lake Forest, CA
ING Groep NV State Street Corp. / Citigroup Inc. $900.0 5/2 7/1
29 Amsterdam, Netherlands (CitiStreet)
New York, NY
Caja de Ahorros y Pensiones de Barcelona Morgan Stanley $887.7 1/28 3/31
30 Barcelona, Spain (Morgan Stanley Wealth Management SV SA)
New York, NY
Number of deals in which a
NYC-based company was the seller,
Time Warner Inc. Bebo Inc. $850.0 3/13 5/19 down 26.7% from 2007
31 New York, NY San Francisco, CA
Arlington Tankers Ltd. General Maritime Corp. $827.3 8/6 12/16
32
33
34
Hamilton, Bermuda
J.P. Morgan Chase & Co.
New York, NY
Unibanco Holdings SA
São Paulo, Brazil
New York, NY
Bear Stearns Cos.
New York, NY
American International Group Inc.
(Unibanco AIG Seguros SA)
$824.4

$819.4
3/16

11/26
5/31

Pending
7,864
Number of U.S. deals announced,
New York, NY down 29.9% from 2007
Soros Fund Management Petróleo Brasileiro SA $798.6 8/15 8/15
35 New York, NY Rio de Janeiro, Brazil source: factset mergerstat llc
The list includes deals involving companies in Manhattan for which terms were announced in 2008. Deal sizes reflect equity value, not including preferred shares or debt.
source: factset mergerstat llc