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Billion-dollar deals help BofA get top spot in fintech M&A rankings

Editor's note: S&P Global Market Intelligence has reclassified industries according to the Global Industry Classification Standard. The league tables data dispatches are now based on the new industry classification and are not comparable with 2017 and prior league table data dispatches.

Financial technology and payments

Three third-quarter deals pushed Bank of America Merrill Lynch to top the M&A deal value league table for the financial technology and payments space through Sept. 30.

In the third quarter, the investment bank was among buy-side advisers on Dun & Bradstreet Corp.'s pending $5.46 billion sale to an investor group led by CC Capital, Cannae Holdings Inc. and funds affiliated with Thomas H. Lee Partners LP.

In addition, Bank of America was the sole sell-side financial adviser on the pending sale of U.S. insurance claims service provider Sedgwick Claims Management Services Inc. to Carlyle Group LP in a deal valued at approximately $6.70 billion. BofA also served as the sole sell-side financial adviser to Burlington, Mass.-based Charles River Systems Inc. on its sale to Boston-based State Street Corp. for $2.60 billion in cash.

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Specialty finance and mortgage REIT

One third-quarter deal helped Citigroup Global Markets Inc. jump to the top of the specialty finance and mortgage REIT financial adviser M&A league table for the nine months ended Sept. 30.

The Citigroup Inc. unit served as the sole financial adviser to GE Capital in its $2.2 billion sale of energy financial services' project finance debt business and loan portfolio to Starwood Property Trust Inc. Through Sept. 30, Citigroup Global Markets has earned $5.56 billion in deal credit from three deals in the specialty finance and mortgage REIT space.

Houlihan Lokey Inc. led the number-of-deals league table in the specialty finance and mortgage REIT M&A space with eight deals.

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Asset management and investment banks, brokers and capital markets

J.P. Morgan Securities LLC's role on FS Investment Corp.'s pending acquisition of Corporate Capital Trust Inc. helped the i-bank take first place in the financial adviser rankings for the asset management, investment banks, brokers and capital markets sectors through the first three quarters of 2018.

UBS Investment Bank led the number-of-deals league table with five deals during the nine-month period ended Sept. 30.

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