GLOBAL LEGAL ADVISORY MERGERS & ACQUISITIONS RANKINGS 2013

Transcription

1 GLOBAL LEGAL ADVISORY MERGERS & ACQUISITIONS RANKINGS 0

2 Table of Contents. Introduction. Global Market Commentary. Global Regional Volume. Global Aggregate Deal Statistics. Global Top Deals. Global M&A Activity 0. Global Announced Deals. Cross Border Announced Deals. Global Private Equity Announced Deals. North America Announced Deals. Brazil Announced Deals. Western Europe Announced Deals. Eastern Europe Announced Deals. Asia Pacific ExJapan Announced Deals. Disclaimer 0 Annual Mergers & Acquisitions Legal Advisory Rankings The M&A Advisory League Tables are the definitive publication of M&A advisory rankings. The tables represent the top financial and legal advisors across a broad array of deal types, regions, and industry sectors. The rankings data is comprised of mergers, acquisitions, divestitures, spinoffs, debtforequityswaps, joint ventures, private placements of common equity and convertible securities, and the cash injection component of recapitalizations according to standards. M&A delivers realtime coverage of the M&A market from nine countries around the world. We provide a global perspective and local insight into unique deal structures in various markets through a network of over 00 financial and legal advisory firms, ensuring an accurate reflection of key market trends. Our quarterly league table rankings are a leading benchmark for legal and financial advisory performance, and DealSpace & DealBrief newsletters provide summary highlights of weekly M&A activity and top deal trends. Visit {NI LEAG CRL <GO>} to download copies of the final release and a full range of market specific league table results. Type MA <GO> <GO> <GO> to view live rankings. //0 For data submissions or queries, please contact: North America EMEA Asia Pacific LATAM Contact Phone Fax Eshani Gupte + + egupte@bloomberg.net Paula CookDinan pcookdinan@bloomberg.net Devanshi Desai + +0 dparekh0@bloomberg.net Fernando Simon fsimon@bloomberg.net General M&A queries may be submitted to: ma@bloomberg.net For hour global customer support call or press the HELP key twice on the BLOOMBERG PROFESSIONAL(R) service.

3 Regional Deal Activity Global M&A volume in the fourth quarter fell.% to $.B compared to the same period last year. Deal count also decreased by.% compared to the same period last year, contributing to the overall drop. Despite this, overall volume for the year increased % to $.T from $.T in 0 (excluding terminated deals). Aggregate M&A volume in the US was nearly % greater than the activity of the remaining top five acquirers combined in the fourth quarter. Annual volume in the region rose % in 0 to $.T from $.T in 0. Deal volume in EMEA increased by.% from the previous year as its most active acquirer, the U.K., saw a.% increase in deal making in the fourth quarter. Asiabased companies experienced overall declines in deal volume in 0, though China saw a jump of.% in M&A volume to $.B from $.0B in 0. Industry Sector Deal Activity Financials was the most active industry in terms of M&A in 0, driven in the fourth quarter by American Realty Capital s $.B acquisition of Cole Real Estate Investment in late October the second largest deal of the quarter. Despite having the largest deal of the quarter Oi SA s pending acquisition of Portugal Telecom activity in the Communications industry in the last months of the year declined to only % of total volume, down from % in the third quarter. The Communications industry exhibited the largest growth by deal volume year over year, up nearly % from 0. This was due primarily to Verizon Communications Inc s $0.B agreement to buy Vodafone Group s stake in its wireless joint venture business. The top target industry for Private Equity by volume was Consumer, NonCyclical. Investment in the industry rose by $.B YoY, and was largely attributable to G Capital and Berkshire Hathaway s $.B takeover of HJ Heinz. Despite a % year over year drop in total deal volume, targets in the Basic Materials industry earned the highest premiums with an annual average of.% compared to.% in 0. Annual Regional Deal Volume (as a share of total) Global Review Total Annual Deal Volume by Industry Technology % Industrial 0% Financial % Utilities % Energy 0% Diversified % Basic Materials % Communications % Consumer, Noncyclical % Consumer, Cyclical 0% MA <GO> LEAG <GO> NI DEALSPACE <GO> MARB <GO>

4 Global Review By Mohammad Hadi and Elizabeth Wollman Takeovers Fail to Thrive As CEO Scepticism Defeats Stock Gains The value of global takeovers remained relatively subdued in 0, as chief executive officers continued to worry about the viability of the global economic recovery, even as stock markets rose and the U.S. economy showed signs of strength. About $. trillion of acquisitions were announced last year, compared with $. trillion a year earlier, data compiled by show. That is still well below the $. trillion announced in 00.* Last year was marked by some large takeovers, including Verizon Communication Inc.'s $0 billion purchase of its wireless business from Vodafone Group Plc, the largest M&A transaction in a decade, and Publicis SA and Omnicom Group Inc.'s $ billion merger creating the world's largest advertising company. The final three months of 0 saw announced takeovers slide by more than 0 percent from a year earlier, according to data compiled by, even as the outlook improved in Europe and North America. A dearth of deals in banking and natural resources is partly to blame for the lack of a rebound. For energy and mining firms, weaker prices for oil, gas and metals and a long list of failed transactions from the 000 commodity boom are keeping chief executives from pulling the trigger. *Figures include pending and completed deals only A Year in Review: Largest M&A Deals Acquirer: OCI TV: USD 0. B Acquirer: Midea Group Co Ltd Country: China TV: USD. B Acquirer: Berkshire Hathaway TV: USD 0. B Acquirer: Publicis Groupe TV:. B Key Dealmakers: K. Moelis (Moelis & Co), T. Whayne (Rothschild) Acquirer: Verizon Communications TV: USD 0. B Key Dealmakers: K Cook (GS), R. Friedsam (MS) Target: Galaeo Airport Concession TV: USD. B Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Acquirers: Berkshire Hathaway, G Capital TV: USD. B Key Dealmakers: A. O Brien (JP), A. Weiss (Lazard) Acquirer: Thermo Fisher Scientific TV: USD. B Key Dealmakers: J. Styne (DB), C. Pritchard (JP) Acquirer: Vodafone Group TV: USD. B Key Dealmakers: S. Warshaw (UBS) Acquirer: GSW Immobilien TV: USD. B Acquirer: Oi SA TV: USD. B Acquirer: Sysco Corp TV: USD. B MA <GO> LEAG <GO> NI DEALSPACE <GO> MARB <GO>

5 Global Review Global M&A Quarterly Volume Regional Volume : Notable Highlights Global M&A activity totalled $.T in annual volume, a slight increase from 0 levels. Deal count fell, however, from, to,0 as average deal size rose by.% in 0. The Americas accounted for $.T of global volume representing % of the total global volume in 0. This is comparable to the activity seen in the region in 0. Deal volume in EMEA reached $.0T, increasing by.% from last year. Asia saw a.% decline in annual volume, with the deal count decreasing by the same amount. Volume $(mil.) Deal Count Americas M&A Quarterly Volume Volume $(mil.) Deal Count Total Volume (USD Mln) 00,000 00,000 00,000 00,000 00,000 00,000 00,000 00,000 0,000,000,000,000,000,000,000,000 0 Deal Count Total Volume (USD Mln) 00,000 00,000 00,000 00,000 00,000 00,000 0 e,00,000,00,000,00,000,00, Deal Count 00 Q 00 Q 00 Q 00 Q 00 Q 00 Q 00 Q 00 Q 0 Q 0 Q 0 Q 0 Q 0 Q 0 Q 0 Q 0 Q EMEA M&A Quarterly Volume 0 Q 0 Q 0 Q 0 Q 00 Q 00 Q 00 Q 00 Q 00 Q 00 Q 00 Q 00 Q 0 Q 0 Q 0 Q 0 Q 0 Q 0 Q 0 Q 0 Q APAC M&A Quarterly Volume 0 Q 0 Q 0 Q 0 Q Total Volume (USD Mln) Volume $(mil.) Deal Count 00,000,000 0,000,00 00,000 0,000,000 00,000,00 0,000,000 00,000 0, Deal Count 00 Q 00 Q 00 Q 00 Q 00 Q 00 Q 00 Q 00 Q 0 Q 0 Q 0 Q 0 Q 0 Q 0 Q 0 Q 0 Q 0 Q 0 Q 0 Q 0 Q 00 Q 00 Q 00 Q 00 Q 00 Q 00 Q 00 Q 00 Q 0 Q 0 Q 0 Q 0 Q 0 Q 0 Q 0 Q 0 Q 0 Q 0 Q 0 Q 0 Q MA <GO> LEAG <GO> NI DEALSPACE <GO> MARB <GO> Total Volume (USD Mln) Volume $(mil.) Deal Count 0,000 00,000 0,000 00,000 0,000 0,00,000,00,000,00, Deal Count

6 Global Review Deal Breakdown : Notable Highlights The majority of deal making in 0 (% of deal count) occurred in the midmarket range (below $00M). There was a decrease in the number of deals valued between $B$B as compared to the previous year, with deals being brokered against 0 in 0. Payments with the cash or stock option increased by % as a share of total deals compared to 0, being used in.% of all transactions. The number of deals with announced premiums greater than 00% represented 0.% of total volume this year, as compared.% of total volume last year. Terminated deals also increased significantly this year, representing.% of total deals as compared to only.% in 0. Global M&A Annual Aggregate Statistics Deal Type Summary # Deals Volume Percent Company Takeover.T. Cross Border 0.0T. Asset sale 0.B. Additional Stake Purchase.B. Private Equity.B. Majority purchase 0.0B 0. Minority purchase 0.B. Tender Offer.B. PE Buyout.B. Joint Venture.B. Secondary Transaction.B. Recapitalization 0.B. Venture Capital 0 0.B. Private Placement.B. Going Private.B. Management Buyout.B.0 Other..0 Payment Type Summary # Deals Volume Percent Cash.T. Stock 0 0.B. Cash & Stock.B. Cash, Stock & Debt.B.0 Undisclosed 00.B. Cash or Stock.B. Cash & Debt.B 0. Debt 0.B 0. Stock & Debt B 0. Public Target Multiples # Deals Min Max Median Net Income EBIT EBITDA Book Value.00.. Stockholder Eqty.00.. Revenue.00.. Market Cap Enterprise Value Total Assets Deal Size Breakdown # Deals Volume Percent > 0,000M.B 000,000M 0.B M.B. 0000M 0.B. 000M B Announced Premiums # Deals Volume Percent >00%.B %.B 0. %.B..00%.B. %.0B. 00%.B. Current Status # Deals Volume Percent Pending.T. Completed.T. Terminated.B. MA <GO> LEAG <GO> NI DEALSPACE <GO> MARB <GO>

7 Americas : Notable Highlights Global Review Summary Number of Deals Volume $.T Average Deal Size $.M Average Premium.0% Most Acquisitive Company Acquirer Andreessen Horowitz Number of Deals Volume $.B Average Deal Size $.M TOP ACQUIRERS INDUSTRY Announce Date Target Name Acquirer Name Total Value (mil.) 0/0/0 Cellco Partnership Verizon Communications Inc 0,00 /0/0 HJ Heinz Co Multiple acquirers, 0/0/0 Virgin Media Inc Liberty Global PLC,. /0/0 Omnicom Group Inc Publicis Groupe SA,0. /0/0 NBCUniversal LLC Comcast Corp,00 0/0/0 Dell Inc Multiple acquirers,.0 /0/0 Life Technologies Corp Thermo Fisher Scientific Inc,00. 0/0/0 Portugal Telecom SGPS SA Oi SA,. /0/0 Shoppers Drug Mart Corp Loblaw Cos Ltd,00. /0/0 NV Energy Inc Berkshire Hathaway Inc 0,. TOP ACQUIRERS COUNTRY TelephoneIntegrated.0 U.S. 0 Private Equity. Canada. Investment Companies Brazli. Oil CompExplor&Prodtn. U.K..0 Pipelines. China. TOP TARGETS Cellular Telecom. TOP TARGETS U.S.. Real Estate Oper/Development. Canada. Oil CompExplor&Prodtn. Brazli. BldgsResidential/Commercial. U.K.. FoodMisc/Diversified. Germany $ $0 $0 $0 $0 $00 $0 $0 $0 $0 $ $00 $00 $00 $00 $,000 $,00 Total Volume (USD Bln) Total Volume (USD Bln) MA <GO> LEAG <GO> NI DEALSPACE <GO> MARB <GO>

8 Global Review Summary Number of Deals 0 Volume $T Average Deal Size $M Average Premium.00% Acquirer Most Acquisitive Company TOP ACQUIRERS Index Ventures Number of Deals Volume Average Deal Size $.B $.M INDUSTRY EMEA : Notable Highlights Announce Date Target Name Acquirer Name Total Value (mil.) 0/0/0 Cellco Partnership Verizon Communications Inc 0,00 /0/0 French Republic Caisse des Depots et Consignations,. 0/0/0 Virgin Media Inc Liberty Global PLC,. /0/0 Omnicom Group Inc Publicis Groupe SA,0. 0/0/0 Portugal Telecom SGPS SA Oi SA,. /0/0 National Bank of Greece SA Hellenic Financial Stability Fund,. /0/0 EPlus Mobilfunk GmbH & Co KG Telefonica Deutschland Holding AG,. /0/0 Kabel Deutschland Holding AG Vodafone Group PLC,. /0/0 Piraeus Bank SA Hellenic Financial Stability Fund 0,. /0/0 Orascom Construction Industries OCI 0,.0 TOP ACQUIRERS COUNTRY TelephoneIntegrated 0. U.S. 0. Investment Companies. U.K..0 Private Equity. France.0 Sovereign. Germany. FinanceInvestment Fund. Russia. TOP TARGETS TOP TARGETS Cellular Telecom 0. U.S. Commer Banks NonUS. U.K..0 Telecom Services. Germany. Real Estate Oper/Development. France. Oil CompExplor & Prodtn. Russia. $ $0 $00 $0 $00 $ $0 $00 $0 $00 $0 $00 $0 Total Volume (USD Bln) Total Volume (USD Bln) MA <GO> LEAG <GO> NI DEALSPACE <GO> MARB <GO>

9 Summary Number of Deals Volume $.B Average Deal Size $.M Average Premium.% Most Acquisitive Company Acquirer Mitsui & Co Ltd Number of Deals Volume $.B Average Deal Size $0M TOP ACQUIRERS INDUSTRY APAC : Notable Highlights TOP ACQUIRERS COUNTRY Global Review Announce Date Target Name Acquirer Name Total Value (mil.) /0/0 PetroChina United Pipelines Co Ltd Multiple acquirers,. //0 Galeao airport concession Multiple acquirers, /0/0 SM Land Inc SM Prime Holdings Inc,. /0/0 Smithfield Foods Inc Shuanghui International Holdings Ltd,. /0/0 Tokyo Electron Ltd Applied Materials Inc,. 0/0/0 BMC Software Inc Multiple acquirers,. //0 LSI Corp Avago Technologies Ltd,. 0/0/0 Bank of Ayudhya PCL Mitsubishi UFJ Financial Group Inc,0. 0/0/0 Kashagan caspian oil project KazMunayGas National Co JSC,00 /0/0 Port Kembla & Port Botany Australia Multiple acquirers,. Investment Companies Real Estate Oper/Development Diversified Operations... China Japan Australia.0.. Oil CompExplor&Prodtn 0. U.S.. Invest Mgmnt/Advis Serv. Singapore. TOP TARGETS Real Estate Oper/Development 0. TOP TARGETS China. Commer Banks NonUS. Australia. Investment Companies. U.S. 0. BldgResidential/Commer. Japan. Oil CompExplor&Prodtn. South Korea. $ $0 $0 $0 $0 $00 Total Volume (USD Bln) $ $0 $00 $0 $00 $0 Total Volume (USD Bln) MA <GO> LEAG <GO> NI DEALSPACE <GO> MARB <GO>

10 Global M&A Activity Regional Breakdown by Target Region/Country // // 0 0 VOLUME DEAL VOLUME USD (Mln) COUNT USD (Mln) DEAL COUNT VOLUME Americas $,,00, $,,,.% Latin America North America Canada United States $, 00 $,,0.% $,00,, $,00,,00.% $,0, $,, 0.% $, 0, $, 0,0.% EMEA $,,00 $,,.% Eastern Europe Western Europe UK Germany France $,, $,0.0% $,, $0,0,.% $,0, $,,.% $, $,0.% $, $,.% AsiaPacific exjapan $,,0 $,,.% Australia New Zealand China Hong Kong South East Asia India $, 0 $,0 0 0.% $,0 0 $, 0.% $,,0 $,,.% $, $,.% $0,,00 $,.% $0, 0 $, 0.% Japan $,, $0,,.% Global $,,0, $,,,.%

11 Global Announced Deals Ranked by Volume // // 0 0 Simpson Thacher & Bartlett LLP.0 0,.. Davis Polk & Wardwell., 0.. Wachtell Lipton Rosen & Katz.,0.. Weil Gotshal & Manges LLP.,.. Jones Day LP. 0,.. Latham & Watkins LLP.,.. Slaughter & May. 0,.. Osler Hoskin & Harcourt LLP., 0.. Debevoise & Plimpton LLP.,0.0. Hogan Lovells 0.,0.. Skadden Arps Slate Meagher & Flom LLP., 00. (.) Sullivan & Cromwell LLP.,. (.) Allens.,.. Freshfields Bruckhaus Deringer LLP.,. (.) Linklaters LLP.,0 0. (.) MacFarlanes Ltd. 0, Kirkland & Ellis LLP., 0. (0.) Cravath Swaine & Moore LLP.,0 0. (.) White & Case LLP.,. (0.) Allen & Overy LLP 0., 0.. $,,0, $,, 0

12 Global Announced Deals Ranked by Deal Count // // 0 0 Jones Day LP. 0,.. Kirkland & Ellis LLP., 0. (0.) DLA Piper LLP.,. (.) Allen & Overy LLP.,.. Latham & Watkins LLP.,.. Baker & McKenzie LLP.,. (0.) Freshfields Bruckhaus Deringer LLP.,. (.) Linklaters LLP.,0 0. (.) CMS.0, Skadden Arps Slate Meagher & Flom LLP 0., 00. (.) White & Case LLP.,. (0.) Clifford Chance LLP., 0. (.) Weil Gotshal & Manges LLP.,.. O'Melveny & Myers LLP.,00..0 Simpson Thacher & Bartlett LLP.0 0,.. Mori Hamada & Matsumoto.,. (.) Nagashima Ohno & Tsunematsu 0.,. (.) Blake Cassels & Graydon LLP.,. (0.) Stikeman Elliott LLP. 0,.. Shearman & Sterling LLP 0. 0,. (.) $,,0, $,, *Tables based on deal count, then volume. Market share based on deal volume.

13 Global Announced Deals Counsel to Principals Ranked by Volume // // 0 0 Wachtell Lipton Rosen & Katz.,.. Simpson Thacher & Bartlett LLP 0., 0.. Slaughter & May. 0,.0. Jones Day LP., 0.. Osler Hoskin & Harcourt LLP.,0.. Debevoise & Plimpton LLP.,0..0 Hogan Lovells.,.. Skadden Arps Slate Meagher & Flom LLP., 0. (.) Allens., 0.. Latham & Watkins LLP 0.0 0,. 0. Freshfields Bruckhaus Deringer LLP.0, 0. (.) MacFarlanes Ltd. 0,0 0.. Linklaters LLP.,. (.) Allen & Overy LLP.,.0. Kirkland & Ellis LLP.,. 0. Blake Cassels & Graydon LLP.0,. (0.) Stikeman Elliott LLP. 0,0.. Davis Polk & Wardwell. 0,0. (0.) Sullivan & Cromwell LLP. 0,0. (.) Weil Gotshal & Manges LLP 0.,. (.) $,,0, $,,

14 Global Announced Deals Counsel to Principals Ranked by Deal Count // // 0 0 Jones Day LP., 0.. Kirkland & Ellis LLP.,. 0. DLA Piper LLP.,. (.) Allen & Overy LLP.,.0. Baker & McKenzie LLP.,. (0.) Freshfields Bruckhaus Deringer LLP.0, 0. (.) Latham & Watkins LLP.0 0,. 0. CMS.0, Linklaters LLP.,. (.) Skadden Arps Slate Meagher & Flom LLP 0., 0. (.) Clifford Chance LLP., 0. (0.) Nagashima Ohno & Tsunematsu 0.,. (.) Mori Hamada & Matsumoto.,0. (.) Weil Gotshal & Manges LLP.,. (.) O'Melveny & Myers LLP.,0. Simpson Thacher & Bartlett LLP 0.,.. Blake Cassels & Graydon LLP.0,. (0.) Stikeman Elliott LLP. 0,0.. White & Case LLP.0,. (.) Herbert Smith Freehills LLP 0. 0,0 0.. $,,0, $,, *Tables based on deal count, then volume. Market share based on deal volume.

15 Cross Border Announced Deals Ranked by Volume // // 0 0 Simpson Thacher & Bartlett LLP. 0,.. Jones Day LP.,00.. Davis Polk & Wardwell.,0.. Wachtell Lipton Rosen & Katz.,..0 Slaughter & May. 0,.. Weil Gotshal & Manges LLP.,.. Osler Hoskin & Harcourt LLP. 0, 0.. Debevoise & Plimpton LLP.,.. Hogan Lovells. 0, 0.. Allens 0.,. 0. MacFarlanes Ltd. 0,. Linklaters LLP 0. 0,0. (.0) Allen & Overy LLP.,.0. Skadden Arps Slate Meagher & Flom LLP. 0,0.0 (.) Freshfields Bruckhaus Deringer LLP.,. (.) Latham & Watkins LLP.0,. 0. Shearman & Sterling LLP. 0,. (.) De Brauw Blackstone Westbroek NV.,.. Stikeman Elliott LLP.,.. Cravath Swaine & Moore LLP 0.,0. (.) $,0,, $,0,

16 Global Private Equity Announced Deals Ranked by Volume // // 0 0 Kirkland & Ellis LLP 0.,.. Davis Polk & Wardwell., Wachtell Lipton Rosen & Katz.,.. Simpson Thacher & Bartlett LLP.,.. Stikeman Elliott LLP., 0.0. Blake Cassels & Graydon LLP.,0 0.. Weil Gotshal & Manges LLP.,. (.) Freshfields Bruckhaus Deringer LLP.,.. Latham & Watkins LLP.,00. (0.) Willkie Farr & Gallagher LLP 0.,.. Sullivan & Cromwell LLP.0 0, Skadden Arps Slate Meagher & Flom LLP 0. 0,. (.) Clifford Chance LLP.,..0 O'Melveny & Myers LLP.,.. Debevoise & Plimpton LLP.,.. Munger Tolles & Olson.,. Anderson Mori & Tomotsune., 0.. White & Case LLP.,.. Cleary Gottlieb Steen & Hamilton LLP.,0 0.. Linklaters LLP 0.,. (0.) $0,,0 $,0

17 United States Announced Deals Any Involvement, Ranked by Volume // // 0 0 Wachtell Lipton Rosen & Katz.,.. Simpson Thacher & Bartlett LLP., Davis Polk & Wardwell., 0.. Weil Gotshal & Manges LLP.,0.. Latham & Watkins LLP. 0,00.. Jones Day LP. 0,0 0.. Slaughter & May.,0.. Debevoise & Plimpton LLP.,0.. Hogan Lovells.,.0. Osler Hoskin & Harcourt LLP 0.0, Skadden Arps Slate Meagher & Flom LLP.,0.0 (.) Allens 0.,.. MacFarlanes Ltd 0. 0, 0. Sullivan & Cromwell LLP 0.,0.. Kirkland & Ellis LLP. 0, 0. (.0) Cravath Swaine & Moore LLP. 0, 0. (0.) Blake Cassels & Graydon LLP. 0,0.. White & Case LLP., 0. (0.) O'Melveny & Myers LLP., 0..0 Stikeman Elliott LLP 0.,.. $,,0,0 $,,0

18 United States Announced Deals Any Involvement, Ranked by Deal Count // // 0 0 Jones Day LP. 0,0 0.. Kirkland & Ellis LLP. 0, 0. (.0) Latham & Watkins LLP. 0,00.. DLA Piper LLP.,0. (.) Skadden Arps Slate Meagher & Flom LLP.,0.0 (.) Simpson Thacher & Bartlett LLP., O'Melveny & Myers LLP.,..0 Weil Gotshal & Manges LLP.,0.. White & Case LLP., 0. (0.) Morgan Lewis & Bockius LLP 0., 0.0 (0.) Shearman & Sterling LLP.,. (.) Baker & McKenzie LLP.,. (0.) Wilson Sonsini Goodrich & Rosati PC 0. 0,. (0.) Gibson Dunn & Crutcher LLP.,.0 (0.) Fenwick & West LLP.,. (.) Paul Hastings LLP.,0.. Davis Polk & Wardwell., 0.. Allen & Overy LLP.,0. (.) Vinson & Elkins LLP., Hogan Lovells 0.,.0. $,,0,0 $,,0 *Tables based on deal count, then volume. Market share based on deal volume.

19 US Announced Deals Counsel to Principals Any Involvement, Ranked by Volume // // 0 0 Wachtell Lipton Rosen & Katz.,.. Simpson Thacher & Bartlett LLP.,. 0. Slaughter & May.,0.. Jones Day LP. 0,.. Debevoise & Plimpton LLP.,0.. Hogan Lovells.,.0. Osler Hoskin & Harcourt LLP.0,0. 0. Allens 0.,.. Skadden Arps Slate Meagher & Flom LLP 0. 0,. (.) MacFarlanes Ltd , 0. Latham & Watkins LLP 0.,.. Kirkland & Ellis LLP.0 0,0 0.. Blake Cassels & Graydon LLP. 0,0..0 Weil Gotshal & Manges LLP.,. (.) Davis Polk & Wardwell.0,0. (0.) Stikeman Elliott LLP., 0.. Sullivan & Cromwell LLP.,0. 0. Cravath Swaine & Moore LLP.,0 0.. Freshfields Bruckhaus Deringer LLP., Vinson & Elkins LLP 0.0,0. (0.) $,,0,0 $,,0

20 US Announced Deals Counsel to Principals Any Involvement, Ranked by Deal Count // // 0 0 Jones Day LP. 0,.. Kirkland & Ellis LLP.0 0,0 0.. Latham & Watkins LLP 0.,.. DLA Piper LLP.,0. (.) Skadden Arps Slate Meagher & Flom LLP 0. 0,. (.) Simpson Thacher & Bartlett LLP.,. 0. O'Melveny & Myers LLP.0,. 0. Weil Gotshal & Manges LLP.,. (.) Morgan Lewis & Bockius LLP., 0.0 (0.) Baker & McKenzie LLP 0.,. (0.) Wilson Sonsini Goodrich & Rosati PC 0. 0,. (0.) Fenwick & West LLP 0.,. (.) Paul Hastings LLP.0,0. 0. Gibson Dunn & Crutcher LLP.,. (.) Allen & Overy LLP.,0. (.) Shearman & Sterling LLP., 0. (.) Vinson & Elkins LLP.0,0 0. (0.) Hogan Lovells.,.0. Dechert LLP., Paul Weiss Rifkind Wharton & Garrison LLP 0.,. (.) $,,0,0 $,,0 *Tables based on deal count, then volume. Market share based on deal volume.

21 Canada Announced Deals Any Involvement, Ranked by Volume // // 0 0 Torys LLP.0,0.. Osler Hoskin & Harcourt LLP.,0 0.. Stikeman Elliott LLP.,. (.0) Davies Ward Phillips & Vineberg LLP.,0..0 Blake Cassels & Graydon LLP.,. (.) Borden Ladner Gervais LLP. 0,0.. McCarthy Tetrault LLP. 0,0.0 (.) Latham & Watkins LLP.,.. White & Case LLP.,.. Cleary Gottlieb Steen & Hamilton LLP 0. 0,. (.) Skadden Arps Slate Meagher & Flom LLP.,. (0.) Fasken Martineau DuMoulin LLP.,0 0. (.) Norton Rose Fulbright LLP.,.. Ashurst LLP.,.. King & Wood Mallesons.,. (0.) Cassels Brock & Blackwell LLP., 0.. Sullivan & Cromwell LLP.0, 0. (.) Paul Weiss Rifkind Wharton & Garrison LLP.,00. (.) Morgan Lewis & Bockius LLP.,. Davis Polk & Wardwell 0.,. (.) $,, $, 0

22 Canada Announced Deals Any Involvement, Ranked by Deal Count // // 0 0 Blake Cassels & Graydon LLP.,. (.) Stikeman Elliott LLP.,. (.0) Gowling Lafleur Henderson LLP.,. 0. Osler Hoskin & Harcourt LLP.,0 0.. McCarthy Tetrault LLP. 0,0.0 (.) Torys LLP.0,0.. Davies Ward Phillips & Vineberg LLP.,0..0 Borden Ladner Gervais LLP. 0,0.. Norton Rose Fulbright LLP.,.. Fasken Martineau DuMoulin LLP 0.,0 0. (.) Cassels Brock & Blackwell LLP., Heenan Blaikie LLP 0.,00.0 (0.) Goodmans LLP.0,. (.) Dentons US LLP., 0.. Dorsey & Whitney LLP 0.,00 0. (.) Bennett Jones LLP 0.,0. (.) Jones Day LP.,. 0. Skadden Arps Slate Meagher & Flom LLP.,. (0.) Latham & Watkins LLP.,.. Allen & Overy LLP.,0.. $,, $, *Tables based on deal count, then volume. Market share based on deal volume.

23 Brazil Announced Deals Any Involvement, Ranked by Volume // // 0 0 Souza Cescon Barrieu & Flesch Advogados 0.,.0. Barbosa Mussnich & Aragao.,0.. Mattos Filho Veiga Filho Marrey Jr e Quiroga Advogado. 0,0 (.) Pinheiro Neto Advogados.,0. (.) Lefosse Advogados.0, 0. (.) Tozzini Freire Teixeira E Silva.,. 0. Stocche Forbes Padis Filizzola e Clapis Advogados.,0 0.. Jones Day LP., 0. (.) Davis Polk & Wardwell.,. (0.) Vinson & Elkins LLP 0.,. Skadden Arps Slate Meagher & Flom LLP.,. (.) Shearman & Sterling LLP.,. (.0) Machado Meyer Sendacz e Opice Advogados.,0 0. (.) Veirano Advogados., 0.0. Houthoff Buruma.,0. Cravath Swaine & Moore LLP.,. Linklaters LLP.0,. 0. Stibbe.,. Cleary Gottlieb Steen & Hamilton LLP.,. 0. Ulhoa Canto Rezende e Guerra Advogados 0.,. (.) $, $,

24 Europe Announced Deals Any Involvement, Ranked by Volume // // 0 0 Jones Day LP.,.. Simpson Thacher & Bartlett LLP.,00.. Davis Polk & Wardwell.0,.. Slaughter & May.,.. Wachtell Lipton Rosen & Katz.,0. 0. Weil Gotshal & Manges LLP.,.. Osler Hoskin & Harcourt LLP., 0.. Hogan Lovells.,.. Debevoise & Plimpton LLP.,0..0 Allens 0.,.. MacFarlanes Ltd. 0,0 0.. Linklaters LLP. 0,. (.) Freshfields Bruckhaus Deringer LLP.,0.0 (.) Allen & Overy LLP., Latham & Watkins LLP.,. (0.) De Brauw Blackstone Westbroek NV.,.. Shearman & Sterling LLP.,. (.) Skadden Arps Slate Meagher & Flom LLP.,0. (.) Clifford Chance LLP. 0,. (.) Hengeler Mueller 0.,.. $0,0, $,0

25 Europe Announced Deals Any Involvement, Ranked by Deal Count // // 0 0 CMS.,. 0. Allen & Overy LLP., Freshfields Bruckhaus Deringer LLP.,0.0 (.) Linklaters LLP. 0,. (.) Jones Day LP.,.. DLA Piper LLP 0.,. (.) Clifford Chance LLP. 0,. (.) Baker & McKenzie LLP.,.0 (.) White & Case LLP., (.) Latham & Watkins LLP 0.,. (0.) Weil Gotshal & Manges LLP.,.. Hogan Lovells.,.. Kirkland & Ellis LLP.,. (.) Herbert Smith Freehills LLP.,.. Olswang 0., 0. Shearman & Sterling LLP.,. (.) Skadden Arps Slate Meagher & Flom LLP.,0 0. (.) Advokatfirman Vinge KB 0., 0 0. (0.) Dentons US LLP 0., Slaughter & May 0., 0.. $0,0, $,0 *Tables based on deal count, then volume. Market share based on deal volume.

26 Europe Announced Deals Counsel to Principals Any Involvement, Ranked by Volume // // 0 0 Slaughter & May.,.. Simpson Thacher & Bartlett LLP.,0.. Wachtell Lipton Rosen & Katz.,0. 0. Jones Day LP.,0 0.. Osler Hoskin & Harcourt LLP., 0.. Hogan Lovells., 0.. Debevoise & Plimpton LLP.,0..0 Allens.,.. MacFarlanes Ltd. 0, Linklaters LLP ,. (.) Freshfields Bruckhaus Deringer LLP.,. (.) Allen & Overy LLP.0, De Brauw Blackstone Westbroek NV.,.. Clifford Chance LLP.,0. (.) Skadden Arps Slate Meagher & Flom LLP.,. (.) Hengeler Mueller., 0.. Shearman & Sterling LLP.,.. Bredin Prat. 0,0.0. Latham & Watkins LLP. 0,0. (.) Baker & McKenzie LLP 0.,.0 (.) $0,0, $,0

27 Europe Announced Deals Counsel to Principals Any Involvement, Ranked by Deal Count // // 0 0 CMS.,. 0. Allen & Overy LLP.0, Freshfields Bruckhaus Deringer LLP.,. (.) Linklaters LLP 0. 0,. (.) Jones Day LP.,0.. DLA Piper LLP 0.,. (.) Baker & McKenzie LLP.,.0 (.) Clifford Chance LLP.,0. (.) White & Case LLP.,0 0. (.) Latham & Watkins LLP 0. 0,0. (.) Hogan Lovells., 0.. Weil Gotshal & Manges LLP.,0. (.) Kirkland & Ellis LLP.,. (.0) Herbert Smith Freehills LLP.,.. Olswang 0., 0. Advokatfirman Vinge KB 0., 0 0. (0.) Shearman & Sterling LLP.,.. Dentons US LLP 0., Slaughter & May., 0.. Skadden Arps Slate Meagher & Flom LLP., 0. (.) $0,0, $,0 *Tables based on deal count, then volume. Market share based on deal volume.

28 United Kingdom Announced Deals Any Involvement, Ranked by Volume // // 0 0 Simpson Thacher & Bartlett LLP.,.0 0. Davis Polk & Wardwell.,0 0.. Slaughter & May. 0,.0. Weil Gotshal & Manges LLP.0, 0.. Jones Day LP.,.. Hogan Lovells.,0.. Allens.,..0 Osler Hoskin & Harcourt LLP.,0.. Debevoise & Plimpton LLP.,.. MacFarlanes Ltd 0. 0,0 0.. Wachtell Lipton Rosen & Katz. 0,00.. Freshfields Bruckhaus Deringer LLP.0,. (.) Linklaters LLP.,. (.) Cravath Swaine & Moore LLP.,0. 0. Shearman & Sterling LLP., 0 0. (.0) Latham & Watkins LLP.0,. (.) O'Melveny & Myers LLP., 0..0 Fried Frank Harris Shriver & Jacobson LLP.,.0. Clifford Chance LLP.,0. (.) Allen & Overy LLP 0.0, 0. (.) $,0,0 $,

29 United Kingdom Announced Deals Any Involvement, Ranked by Deal Count // // 0 0 Linklaters LLP.,. (.) Freshfields Bruckhaus Deringer LLP.0,. (.) DLA Piper LLP.,0 0. (.) Allen & Overy LLP.0, 0. (.) Jones Day LP.,.. CMS.,0. 0. Clifford Chance LLP.,0. (.) Olswang 0., 0. (0.) Kirkland & Ellis LLP.,0. 0. Travers Smith.,0. Hogan Lovells.,0.. Slaughter & May. 0,.0. Eversheds LLP 0.,.0 (.) Latham & Watkins LLP.0,. (.) Weil Gotshal & Manges LLP.0, 0.. Baker & McKenzie LLP. 0,0. (0.) Herbert Smith Freehills LLP.,.0 0. A&L Goodbody Solicitors 0., 0. (0.) Ashurst LLP.,. 0. Simpson Thacher & Bartlett LLP 0., $,0,0 $, *Tables based on deal count, then volume. Market share based on deal volume.

30 Germany Announced Deals Any Involvement, Ranked by Deal Count // // 0 0 CMS.,00.. Freshfields Bruckhaus Deringer LLP.,. (.) Linklaters LLP.,0. 0. Jones Day LP.,0. (.) Clifford Chance LLP.0, 0. (0.) Allen & Overy LLP.,0..0 Hengeler Mueller.,.. Noerr LLP.,.. White & Case LLP.,. (.) Baker & McKenzie LLP 0.,.0 (.) DLA Piper LLP.0,. (0.) Kirkland & Ellis LLP.,. Dentons US LLP Hogan Lovells (.) Latham & Watkins LLP.,. (0.) Shearman & Sterling LLP., 0. (.) Skadden Arps Slate Meagher & Flom LLP.0,0 0. (.) Willkie Farr & Gallagher LLP.,. 0. O'Melveny & Myers LLP.,. Weil Gotshal & Manges LLP 0.,. (.) $,0, $, *Tables based on deal count, then volume. Market share based on deal volume.

31 France Announced Deals Any Involvement, Ranked by Deal Count // // 0 0 Jones Day LP.0,.. CMS.,. (.) Linklaters LLP.,. (.) Allen & Overy LLP.,00. (.) Freshfields Bruckhaus Deringer LLP.,0.. Latham & Watkins LLP.,0.. De Pardieu Brocas Maffei.,.. Baker & McKenzie LLP., 0. (0.) Mayer Brown LLP., 0. Bredin Prat 0. 0, Clifford Chance LLP 0.,0. (.) Paul Hastings LLP., 0..0 White & Case LLP.0, 0.. DLA Piper LLP.,. Shearman & Sterling LLP.,. Weil Gotshal & Manges LLP.,. (.) Willkie Farr & Gallagher LLP.,. Cleary Gottlieb Steen & Hamilton LLP.,.. Gibson Dunn & Crutcher LLP.,.. Skadden Arps Slate Meagher & Flom LLP 0., $,,00 $0, *Tables based on deal count, then volume. Market share based on deal volume. 0

32 Italy Announced Deals Any Involvement, Ranked by Deal Count // // 0 0 Freshfields Bruckhaus Deringer LLP., 0.0 (.) Clifford Chance LLP.. (.) Chiomenti Studio Legale.,.. Shearman & Sterling LLP.,. (.) Allen & Overy LLP 0.. (.) CMS., Jones Day LP.,.. Latham & Watkins LLP 0.. (.) White & Case LLP,.. Linklaters LLP.,.0 (.) Cleary Gottlieb Steen & Hamilton LLP.,.. Baker & McKenzie LLP., 0.. Hogan Lovells.,00. Skadden Arps Slate Meagher & Flom LLP.,. (.) DLA Piper LLP 0.. (.) Ashurst LLP. (.) Portolano Cavallo Studio Legale Bonelli Erede Pappalardo.,.. De Brauw Blackstone Westbroek NV.,.. Dentons US LLP.,. $, $, *Tables based on deal count, then volume. Market share based on deal volume.

33 Benelux Announced Deals Any Involvement, Ranked by Deal Count // // 0 0 Allen & Overy LLP.,.0. Linklaters LLP.0,0 0.. Freshfields Bruckhaus Deringer LLP.,.0 (.) CMS., DLA Piper LLP (0.) De Brauw Blackstone Westbroek NV.0, 0.. Loyens & Loeff NV.,. Houthoff Buruma.,.. Clifford Chance LLP. 0, 0.. Baker & McKenzie LLP 0.,..0 Jones Day LP 0.,.. NautaDutilh NV 0.,00.0 (.) White & Case LLP.,. (.) Shearman & Sterling LLP.,.. Simpson Thacher & Bartlett LLP. 0,0.. Latham & Watkins LLP.,. (0.) Skadden Arps Slate Meagher & Flom LLP.,. (.) Cleary Gottlieb Steen & Hamilton LLP.,0.0 (.) Davis Polk & Wardwell., 0.. Weil Gotshal & Manges LLP.0,0. (.) $, $, *Tables based on deal count, then volume. Market share based on deal volume.

34 Iberia Announced Deals Any Involvement, Ranked by Deal Count // // 0 0 Uria Menendez Abogados SLP., 0. (.) GomezAcebo & Pombo Abogados SLP.,.0 0. Linklaters LLP.,. Garrigues Abogados.0,.0 Freshfields Bruckhaus Deringer LLP.,.. Clifford Chance LLP. 0, Cuatrecasas Goncalves Pereira.,. 0. Baker & McKenzie LLP 0.. (.) DLA Piper LLP.,.. Jones Day LP 0., 0. (0.) Allen & Overy LLP.,0. (0.) Hogan Lovells.,. 0. CMS 0.. (.) PerezLlorca Skadden Arps Slate Meagher & Flom LLP.,. Sullivan & Cromwell LLP.,0. (.) Latham & Watkins LLP. 0. Souza Cescon Barrieu & Flesch Advogados.,.. Barbosa Mussnich & Aragao.,0. A&L Goodbody Solicitors.0,.0 $, $,0 *Tables based on deal count, then volume. Market share based on deal volume.

35 Nordic Announced Deals Any Involvement, Ranked by Deal Count // // 0 0 Advokatfirman Vinge KB.,0. (.) Mannheimer Swartling Advokatbyra AB.,.. Hannes Snellman Advokatbyra Ab/FI.,..0 Advokatfirmaet Thommessen AS.,.. Baker & McKenzie LLP.,. (0.) Advokatfirmaet Schjodt AS.. 0. White & Case LLP., 0.. Roschier Attorneys Ltd.0, Linklaters LLP.,. (.) CMS 0., Freshfields Bruckhaus Deringer LLP.,0. (0.) Allen & Overy LLP 0.. (.) LAWIN Weil Gotshal & Manges LLP.,. Clifford Chance LLP.0,. (.) Latham & Watkins LLP.,0. (.) Jones Day LP. 0. (.) DLA Piper LLP (.) Davis Polk & Wardwell.0,. 0. O'Melveny & Myers LLP $0,,0 $, *Tables based on deal count, then volume. Market share based on deal volume.

36 Eastern Europe Announced Deals Any Involvement, Ranked by Deal Count // // 0 0 CMS., 0.. Allen & Overy LLP., 0.. White & Case LLP.,0. (.) Baker & McKenzie LLP.,0 0.. Clifford Chance LLP.,.. Dentons US LLP.,0.0. Weil Gotshal & Manges LLP., 0. (.) Freshfields Bruckhaus Deringer LLP., 0.. SORAINEN., 0..0 LAWIN Herbert Smith Freehills LLP.,. 0. Linklaters LLP.,. (.) Hogan Lovells., YukselKarkinKucuk Attorney Partnership Raidla Lejins & Norcous., Greenberg Traurig LLP., 0.. DLA Piper LLP (.) Morgan Lewis & Bockius LLP.,. Jones Day LP., 0..0 Skadden Arps Slate Meagher & Flom LLP 0.,. (.) $00,, $, *Tables based on deal count, then volume. Market share based on deal volume.

37 Asia Pacific ExJapan Announced Deals Any Involvement, Ranked by Volume // // 0 0 Skadden Arps Slate Meagher & Flom LLP.,0. (.) Linklaters LLP. 0,00.0 (0.) Allen & Overy LLP.,.0. King & Wood Mallesons.,.. Davis Polk & Wardwell.,0 0. (.) Baker & McKenzie LLP., 0. (0.) Freshfields Bruckhaus Deringer LLP., 0. (.) Herbert Smith Freehills LLP.,.. Clifford Chance LLP.0,.. Kim & Chang 0.0, 00. (0.) Allens.0,0. 0. Sullivan & Cromwell LLP.,0. 0. Kirkland & Ellis LLP., Paul Hastings LLP., 0.. Ashurst LLP.,0. (0.) Weil Gotshal & Manges LLP.,0. (.) Shin & Kim.,0..0 Shearman & Sterling LLP.,. 0. Wachtell Lipton Rosen & Katz.,. 0. Lee & Ko 0.,. $,, $0,

38 Asia Pacific ExJapan Announced Deals Any Involvement, Ranked by Deal Count // // 0 0 Kim & Chang.0, 00. (0.) Baker & McKenzie LLP.,. (0.) King & Wood Mallesons.,.. Lee & Ko.,. Shin & Kim.,0..0 Herbert Smith Freehills LLP.,.. Amarchand Mangaldas & Suresh A Shroff & Co.,. (0.) Allen & Overy LLP.,.0. Ashurst LLP.,0. (0.) Bae Kim & Lee.,. 0. Minter Ellison.,0 0. (.0) DLA Piper LLP 0., Allens.0,0. 0. WongPartnership LLP.,0. (.) Linklaters LLP. 0,00.0 (0.) Allen & Gledhill. 0,. (.) Skadden Arps Slate Meagher & Flom LLP.,0. (.) Clayton Utz 0.,. (0.) AZB & Partners. 0, Clifford Chance LLP 0.0,.. $,, $0, *Tables based on deal count, then volume. Market share based on deal volume.

39 Australia & New Zealand Announced Deals Any Involvement, Ranked by Deal Count // // 0 0 Herbert Smith Freehills LLP.0,0.. King & Wood Mallesons.,0 0.. Ashurst LLP.,.. Minter Ellison.,0.. Allens.,0..0 Clayton Utz.,.0 (.) Baker & McKenzie LLP.,. 0. Gilbert + Tobin 0.,0. (.) Corrs Chambers Westgarth.,0.. DLA Piper LLP 0.,. 0. Allen & Overy LLP.,0. (.) Norton Rose Fulbright LLP Clifford Chance LLP., 0.. Linklaters LLP.0, 0. (.) HopgoodGanim (0.) Bell Gully.,0 0. (0.) K&L Gates LLP 0.. (.) Jones Day LP., 0.. Stikeman Elliott LLP.,. 0. Skadden Arps Slate Meagher & Flom LLP 0.,. (.) $,, $,0 *Tables based on deal count, then volume. Market share based on deal volume.

40 Japan Announced Deals Any Involvement, Ranked by Deal Count // // 0 0 Mori Hamada & Matsumoto.,. (.) Nagashima Ohno & Tsunematsu.,. () Nishimura & Asahi.,.. Anderson Mori & Tomotsune.,. (.) Freshfields Bruckhaus Deringer LLP.,. Baker & McKenzie LLP.,0. (.) OhEbashi LPC & Partners.,. (.) Morrison & Foerster LLP.,. (.) Allen & Overy LLP.,. 0. Shearman & Sterling LLP.,. (.) Skadden Arps Slate Meagher & Flom LLP.,. (.0) White & Case LLP.,0.0. Jones Day LP.,.. Linklaters LLP., 0.. Latham & Watkins LLP.,0..0 Herbert Smith Freehills LLP., 0.. Ashurst LLP., Clifford Chance LLP., 0.0 (0.) Kim & Chang., 0. (0.) Simpson Thacher & Bartlett LLP 0.,.. $,, $0, *Tables based on deal count, then volume. Market share based on deal volume.

41 China Announced Deals Any Involvement, Ranked by Volume // // 0 0 Skadden Arps Slate Meagher & Flom LLP.,. (.) Linklaters LLP.,. (.) Freshfields Bruckhaus Deringer LLP.,0 0. (0.) Jia Yuan Law Firm., 0.. O'Melveny & Myers LLP.,.0 (.) Allen & Overy LLP.,.. Simpson Thacher & Bartlett LLP.,.. King & Wood Mallesons.,. (.0) Uria Menendez Abogados SLP.0,.0 Paul Hastings LLP 0.,0.. Troutman Sanders LLP.,. McGuireWoods LLP.,. Sullivan & Cromwell LLP.,. (.) Weil Gotshal & Manges LLP.,.0 (.) Vinson & Elkins LLP.,00..0 Kirkland & Ellis LLP.,. (.) Herbert Smith Freehills LLP., Zhongxin Xiecheng Law Firm.0,.0 Shearman & Sterling LLP.0,. (.) Clifford Chance LLP 0.,. 0. $,, $0, 0

42 Hong Kong Announced Deals Any Involvement, Ranked by Volume // // 0 0 Linklaters LLP 0.,. (.) Freshfields Bruckhaus Deringer LLP.,0. (.) Baker & McKenzie LLP., (0.) King & Wood Mallesons., 0.. Gibson Dunn & Crutcher LLP.,. Slaughter & May., 0.. Clifford Chance LLP.,0 (.) Sullivan & Cromwell LLP.,00.0 (.) Norton Rose Fulbright LLP.,00.. Allen & Gledhill 0.0,. 0. O'Melveny & Myers LLP.,. (.) Weil Gotshal & Manges LLP.,. (.0) Shearman & Sterling LLP.,. (.) CMS.,.0 (.) Mayer Brown LLP.0, 0.. Allen & Overy LLP.,0. (.) Kirkland & Ellis LLP.,. (.) Skadden Arps Slate Meagher & Flom LLP., 0 0. (.) Stamford Law Corp.,0. A&L Goodbody Solicitors 0.,0. $, $0,

43 South Korea Announced Deals Any Involvement, Ranked by Volume // // 0 0 Kim & Chang.,. (.) Shin & Kim., Lee & Ko 0.,.. Bae Kim & Lee.,.. Paul Hastings LLP.0, 0.. Wachtell Lipton Rosen & Katz.,00. Allen & Overy LLP., Linklaters LLP.,.0 0. Yulchon LLC.0,. (.) Ashurst LLP 0.,0 0.. Pinheiro Neto Advogados.,. Ropes & Gray LLP., 0..0 Norton Rose Fulbright LLP., Osler Hoskin & Harcourt LLP.,00. Shearman & Sterling LLP.,00. Nishimura & Asahi. 0.. Yoon & Yang LLC.. (.) Baker Botts LLP.. (.) Skadden Arps Slate Meagher & Flom LLP.0.0 HYUN Law $, $,

44 India Announced Deals Any Involvement, Ranked by Volume // // 0 0 Amarchand Mangaldas & Suresh A Shroff & Co 0.,0.. Simmons & Simmons LLP.0,0.0 Davis Polk & Wardwell., 0.. Slaughter & May 0., 0.. AZB & Partners.,0. (.0) Khaitan & Co.,0.. Barbosa Mussnich & Aragao.,0. Skadden Arps Slate Meagher & Flom LLP., 0. (.) Herbert Smith Freehills LLP., 0.. Jones Day LP 0.,..0 DSK Legal.,. Haynes & Boone LLP.0,00.0 Morgan Lewis & Bockius LLP.0,00.. Osler Hoskin & Harcourt LLP.0,00.0 Pinheiro Neto Advogados.0,00.0 Platinum Partners.0,00.0 S&R Associates.0, 0.. DLA Piper LLP. 0.. White & Case LLP... Allen & Gledhill $,00 $,

45 South East Asia Announced Deals Any Involvement, Ranked by Deal Count // // 0 0 Allen & Gledhill.,0. (.) WongPartnership LLP.,0. (.) Baker & McKenzie LLP 0.,0.. Shook Lin & Bok LLP., 0. (.) Allen & Overy LLP.,.. Rajah & Tann.,. (.0) Clifford Chance LLP.0,.. Linklaters LLP., 0. (.) Stamford Law Corp.0,.0 (.0) Freshfields Bruckhaus Deringer LLP 0.,. (.) O'Melveny & Myers LLP Herbert Smith Freehills LLP., 0.. Nagashima Ohno & Tsunematsu Mori Hamada & Matsumoto 0.. (.) Jones Day LP., Skadden Arps Slate Meagher & Flom LLP 0.,.0. Simpson Thacher & Bartlett LLP., 0.. Drew & Napier LLC Rahmat Lim & Partners 0.. (.) AZB & Partners 0., $0,00,00 $0, *Tables based on deal count, then volume. Market share based on deal volume.

46 For data submissions or queries, please contact: Eshani Gupte North America + + egupte@bloomberg.net 0 Annual Mergers & Acquisitions Legal Advisory Rankings M&A league tables represent transactions that are either pending or completed, and for which has been notified. //0 Paula CookDinan EMEA pcookdinan@bloomberg.net M&A league tables include mergers, acquisitions, divestitures, selftenders, spinoffs, debtforequity swaps, private placements of common equity and convertible securities, and purchases of convertible securities and cash injection components of recapitalizations according to standards. Excludes open market transactions. All deals except additional stake purchases are subjected to a minimum threshold of % equity or USD 0 million total value. League table credit is based on announced total value of a deal. Devanshi Desai Asia Pacific + +0 dparekh0@bloomberg.net LP and its suppliers believe the information herein was obtained from reliable sources, but they do not guarantee its accuracy. Neither the information nor the opinion expressed constitutes a solicitation of the purchase or sale of securities or commodities. Fernando Simon LATAM fsimon@bloomberg.net For hour global customer support call or press the HELP key twice on the BLOOMBERG PROFESSIONAL(R) service. MA <GO> MA <GO> MA <GO>