UBS the TOP M&A BANK5 Aug 2020 09:22
UBS Group AG has surprised its rivals by vaulting up the league tables this year, putting it on track for the highest European deal ranking in more than a decade.
The Swiss bank ranks third for mergers and acquisitions work in the region so far this year, up from 14th at the same point in 2019, according to data complied by Bloomberg. It’s now on course for its best finish to a year since 2008, the data show.
UBS has chosen its clients wisely in a year that’s seen the value of European M&A tumble 32%. It was one of the advisers to Siemens Healthineers AG on its $16.4 billion purchase of Varian Medical Systems Inc. announced Sunday, which ranks as the biggest medical acquisition of 2020. The role left some advisers who missed out quietly asking how the Swiss lender beat them on such a high-profile deal.