SPAC M&A LEAGUE TABLES – a/o Nov. 2, 2020
Below are the year-to-date SPAC M&A league tables.
All data is initially shown ranked by volume, but the columns are sort-able by clicking on the arrow keys (Δ∇) in the column headers.
Financial Advisor YTD 2020
| Rank | Advisor | Value ($mm) | Value % Mkt Share | Total Deal Count | Deal Count (Buy Side) | Deal Count (Sell Side) | Average Deal Size |
|---|---|---|---|---|---|---|---|
| 1 | Morgan Stanley | 29,662.0 | 9.0% | 7 | 4 | 3 | 4237.4 |
| 2 | Deutsche Bank | 27,623.0 | 8.4% | 6 | 5 | 1 | 4603.8 |
| 3 | Citigroup | 26,101.0 | 7.9% | 7 | 5 | 2 | 3728.7 |
| 4 | Moelis | 18,952.0 | 5.8% | 2 | 2 | 0 | 9476.0 |
| 5 | BofA | 16,946.0 | 5.2% | 4 | 0 | 4 | 4236.5 |
| 6 | Centerview | 16,338.0 | 5.0% | 2 | 1 | 1 | 8169.0 |
| 7 | Jefferies | 15,243.0 | 4.6% | 10 | 6 | 4 | 1524.3 |
| 8 | UBS | 14,438.0 | 4.4% | 2 | 1 | 1 | 7219.0 |
| 9 | Barclays | 13,062.0 | 4.0% | 3 | 1 | 2 | 4354.0 |
| 10 | Credit Suisse | 9,641.0 | 2.9% | 5 | 2 | 3 | 1928.2 |
| 11 | Connaught | 8,470.0 | 2.6% | 2 | 2 | 0 | 4235.0 |
| 12 | J.P. Morgan | 8,015.0 | 2.4% | 4 | 0 | 4 | 2003.8 |
| 13 | Stifel | 5,771.0 | 1.8% | 4 | 3 | 1 | 1442.8 |
| 14 | LionTree | 4,257.0 | 1.3% | 2 | 0 | 2 | 2128.5 |
| 15 | BTIG | 4,242.0 | 1.3% | 3 | 2 | 1 | 1414.0 |
| 16 | Cowen | 4,023.7 | 1.2% | 4 | 1 | 3 | 1005.9 |
| 17 | BMO | 3,319.0 | 1.0% | 2 | 1 | 1 | 1659.5 |
| 18 | Baird | 3,300.0 | 1.0% | 1 | 1 | 0 | 3300.0 |
| 19 | Cantor | 3,254.0 | 1.0% | 3 | 2 | 1 | 1084.7 |
| 20 | Oakvale | 3,200.0 | 1.0% | 2 | 1 | 1 | 1600.0 |
| 21 | Evercore | 3,050.0 | 0.9% | 3 | 0 | 3 | 1016.7 |
| 22 | Nomura | 2,993.0 | 0.9% | 2 | 2 | 0 | 1496.5 |
| 23 | GCA | 2,900.0 | 0.9% | 1 | 0 | 1 | 2900.0 |
| 24 | Lazard | 2,803.0 | 0.9% | 2 | 0 | 2 | 1401.5 |
| 25 | Raymond James | 2,770.5 | 0.8% | 3 | 1 | 2 | 923.5 |
| 26 | RBC | 2,363.0 | 0.7% | 2 | 1 | 1 | 1181.5 |
| 27 | Klein Group | 2,175.0 | 0.7% | 1 | 1 | 0 | 2175.0 |
| 28 | Houlihan Lokey | 1,825.0 | 0.6% | 2 | 0 | 2 | 912.5 |
| 29 | Canaccord Genuity | 1,673.1 | 0.5% | 3 | 1 | 2 | 557.7 |
| 30 | Oppenheimer | 1,566.0 | 0.5% | 1 | 1 | 0 | 1566.0 |
| 31 | B. Riley Securities | 1,511.5 | 0.5% | 3 | 3 | 0 | 503.8 |
| 32 | Wedbush | 1,319.0 | 0.4% | 1 | 0 | 1 | 1319.0 |
| 33 | Chardan | 1,307.5 | 0.4% | 3 | 3 | 0 | 435.8 |
| 34 | William Blair | 1,300.0 | 0.4% | 1 | 0 | 1 | 1300.0 |
| 35 | Tyton | 1,300.0 | 0.4% | 1 | 1 | 0 | 1300.0 |
| 36 | Marathon | 1,097.0 | 0.3% | 1 | 0 | 1 | 1097.0 |
| 37 | Murray Devine | 1,044.0 | 0.3% | 1 | 0 | 1 | 1044.0 |
| 38 | Earlybird | 880.0 | 0.3% | 3 | 3 | 0 | 293.3 |
| 39 | Wells Fargo | 747.0 | 0.2% | 2 | 1 | 1 | 373.5 |
| 40 | MTS Health Partners | 721.0 | 0.2% | 1 | 1 | 0 | 721.0 |
| 41 | Rothschild | 630.5 | 0.2% | 1 | 0 | 1 | 630.5 |
| 42 | Guggenheim | 550.0 | 0.2% | 1 | 0 | 1 | 550.0 |
| 43 | Northland | 523.0 | 0.2% | 1 | 0 | 1 | 523.0 |
| 44 | FT Partners | 523.0 | 0.2% | 1 | 0 | 1 | 523.0 |
| 45 | Harrison Co. | 482.0 | 0.2% | 1 | 0 | 1 | 482.0 |
| 46 | Roth Capital | 413.3 | 0.1% | 1 | 1 | 0 | 413.3 |
| 47 | Craig-Hallum | 413.3 | 0.1% | 1 | 1 | 0 | 413.3 |
| 48 | Three Keys | 233.0 | 0.1% | 1 | 0 | 1 | 233.0 |
| 49 | I-Bankers | 150.0 | 0.1% | 1 | 1 | 0 | 150.0 |
| 50 | Colliers | 150.0 | 0.1% | 1 | 0 | 1 | 150.0 |
| 51 | Benchmark | 150.0 | 0.1% | 1 | 0 | 1 | 150.0 |
| 52 | Maxim | 84.8 | 0.0% | 1 | 1 | 0 | 84.8 |
Capital Markets Advisor YTD 2020
| Rank | Advisor | Value ($mm) | Value % Mkt Share | Total Deal Count | Deal Count (Buy Side) | Deal Count (Sell Side) | Average Deal Size |
|---|---|---|---|---|---|---|---|
| 1 | Credit Suisse | 28,451.0 | 20.0% | 8 | 7 | 1 | 3,556.4 |
| 2 | Deutsche Bank | 23,388.0 | 16.5% | 6 | 5 | 1 | 3,898.0 |
| 3 | Morgan Stanley | 19,424.4 | 13.7% | 4 | 2 | 2 | 4,856.1 |
| 4 | Citigroup | 18,133.0 | 12.8% | 4 | 3 | 1 | 4,533.3 |
| 5 | Cantor | 9,032.0 | 6.4% | 8 | 7 | 1 | 1,129.0 |
| 6 | Jefferies | 6,342.0 | 4.5% | 8 | 7 | 1 | 792.8 |
| 7 | Oppenheimer | 3,967.0 | 2.8% | 2 | 1 | 1 | 1,983.5 |
| 8 | Stifel | 3,584.1 | 2.5% | 5 | 3 | 2 | 716.8 |
| 9 | Goldman Sachs | 3,417.4 | 2.4% | 2 | 2 | 0 | 1,708.7 |
| 10 | Evercore | 3,347.4 | 2.4% | 3 | 0 | 3 | 1,115.8 |
| 11 | BTIG | 2,923.0 | 2.1% | 2 | 2 | 0 | 1,461.5 |
| 12 | Raymond James | 2,000.0 | 1.4% | 1 | 0 | 1 | 2,000.0 |
| 13 | Nomura | 2,000.0 | 1.4% | 1 | 1 | 0 | 2,000.0 |
| 14 | BMO | 2,000.0 | 1.4% | 1 | 1 | 0 | 2,000.0 |
| 15 | Oakvale | 1,800.0 | 1.3% | 1 | 1 | 0 | 1,800.0 |
| 16 | Northland | 1,715.9 | 1.2% | 2 | 1 | 1 | 858.0 |
| 17 | Earlybird | 1,566.0 | 1.1% | 1 | 1 | 0 | 1,566.0 |
| 18 | Barclays | 1,457.5 | 1.0% | 2 | 0 | 2 | 728.8 |
| 19 | J.P. Morgan | 1,293.0 | 0.9% | 1 | 0 | 1 | 1,293.0 |
| 20 | William Blair | 1,242.9 | 0.9% | 2 | 1 | 1 | 621.5 |
| 21 | PJT | 1,087.0 | 0.8% | 1 | 1 | 0 | 1,087.0 |
| 22 | RBC | 1,044.0 | 0.7% | 1 | 1 | 0 | 1,044.0 |
| 23 | BofA | 845.0 | 0.6% | 1 | 1 | 0 | 845.0 |
| 24 | Wells Fargo | 747.0 | 0.5% | 2 | 1 | 1 | 373.5 |
| 25 | B. Riley Securities | 674.1 | 0.5% | 1 | 1 | 0 | 674.1 |
| 26 | Cowen | 549.7 | 0.4% | 1 | 1 | 0 | 549.7 |
| 27 | Chardan | 140.0 | 0.1% | 1 | 1 | 0 | 140.0 |
Legal Advisor YTD 2020
| Rank | Law Firm | Value ($mm) | % Mkt Share | Avg Size ($mm) | Deal Count (Total) | Buy Side Count | Buy Side Value ($mm) | Sell Side Count | Sell Side Value ($mm) |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Weil, Gotshal & Manges LLP | 32,656.0 | 17.2% | 5,442.7 | 6 | 4 | 28,955.0 | 2 | 3,701.0 |
| 2 | Kirkland & Ellis LLP | 24,481.9 | 12.9% | 2,448.2 | 10 | 6 | 9,701.4 | 4 | 14,780.5 |
| 3 | Latham & Watkins LLP | 14,972.0 | 7.9% | 2,994.4 | 5 | 1 | 993.0 | 4 | 13,979.0 |
| 4 | Simpson Thacher & Bartlett | 12,182.0 | 6.4% | 6,091.0 | 2 | 2 | 12,182.0 | ||
| 5 | Orrick Herrington & Sutcliffe LLP | 10,423.0 | 5.5% | 2,084.6 | 5 | 5 | 10,423.0 | ||
| 6 | Skadden, Arps, Slate, Meagher & Flom LLP | 9,315.0 | 4.9% | 3,105.0 | 3 | 3 | 9,315.0 | ||
| 7 | White & Case LLP | 7,992.1 | 4.2% | 1,332.0 | 6 | 6 | 7,992.1 | ||
| 8 | Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP | 5,567.0 | 2.9% | 1,855.7 | 3 | 3 | 5,567.0 | ||
| 9 | Ellenoff Grossman & Schole LLP | 5,478.8 | 2.9% | 913.1 | 6 | 6 | 5,478.8 | ||
| 10 | Hughes Hubbard & Reed LLP | 5,475.0 | 2.9% | 2,737.5 | 2 | 2 | 5,475.0 | ||
| 11 | Vinson & Elkins LLP | 5,398.0 | 2.9% | 1,799.3 | 3 | 3 | 5,398.0 | ||
| 12 | Greenberg Traurig, LLP | 4,055.0 | 2.1% | 1,013.8 | 4 | 2 | 2,055.0 | 2 | 2,000.0 |
| 13 | Winston & Strawn LLP | 3,813.1 | 2.0% | 1,271.0 | 3 | 2 | 1,156.1 | 1 | 2,657.0 |
| 14 | Cooley LLP | 3,487.7 | 1.8% | 1,162.6 | 3 | 3 | 3,487.7 | ||
| 15 | Sidley Austin | 3,408.0 | 1.8% | 1,136.0 | 3 | 1 | 1,841.0 | 2 | 1,567.0 |
| 16 | Wilson Sonsini Goodrich & Rosati | 3,300.0 | 1.7% | 3,300.0 | 1 | 1 | 3,300.0 | ||
| 17 | Paul, Weiss, Rifkind, Wharton & Garrison LLP | 3,136.0 | 1.7% | 1,568.0 | 2 | 2 | 3,136.0 | ||
| 18 | Gotshal & Manges, LLP | 2,900.0 | 1.5% | 2,900.0 | 1 | 1 | 2,900.0 | ||
| 18 | DLA Piper | 2,331.1 | 1.2% | 1,165.6 | 2 | 2 | 2,331.1 | ||
| 20 | S. Friedman & Co. | 2,000.0 | 1.1% | 2,000.0 | 1 | 1 | 2,000.0 | ||
| 21 | Gornitzky | 2,000.0 | 1.1% | 2,000.0 | 1 | 1 | 2,000.0 | ||
| 22 | Loeb & Loeb LLP | 1,863.8 | 1.0% | 466.0 | 4 | 4 | 1,863.8 | ||
| 23 | Cleary Gottlieb Steen & Hamilton LLP | 1,800.0 | 1.0% | 1,800.0 | 1 | 1 | 1,800.0 | ||
| 24 | Gibson, Dunn & Crutcher LLP | 1,475.5 | 0.8% | 737.8 | 2 | 2 | 1,475.5 | ||
| 25 | Ledgewood PC | 1,300.0 | 0.7% | 1,300.0 | 1 | 1 | 1,300.0 | ||
| 26 | Wick Phillips LLP | 1,097.0 | 0.6% | 1,097.0 | 1 | 1 | 1,097.0 | ||
| 27 | Morrison Foerster LLP | 1,087.0 | 0.6% | 1,087.0 | 1 | 1 | 1,087.0 | ||
| 27 | Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. | 1,087.0 | 0.6% | 1,087.0 | 1 | 1 | 1,087.0 | ||
| 27 | Graubard Miller | 1,087.0 | 0.6% | 1,087.0 | 1 | 1 | 1,087.0 | ||
| 30 | Paul Hastings LLP | 993.0 | 0.5% | 993.0 | 1 | 1 | 993.0 | ||
| 30 | Sullivan & Cromwell LLP | 965.0 | 0.5% | 965.0 | 1 | 1 | 965.0 | ||
| 32 | BakerHostetler | 965.0 | 0.5% | 965.0 | 1 | 1 | 965.0 | ||
| 33 | Goodwin Procter LLP | 847.4 | 0.4% | 847.4 | 1 | 1 | 847.4 | ||
| 34 | Davis Polk & Wardwell LLP | 765.0 | 0.4% | 765.0 | 1 | 1 | 765.0 | ||
| 35 | Haynes and Boone LLP | 745.0 | 0.4% | 745.0 | 1 | 1 | 745.0 | ||
| 36 | Millbank | 674.1 | 0.4% | 674.1 | 1 | 1 | 674.1 | ||
| 37 | Dechert LLP | 630.5 | 0.3% | 630.5 | 1 | 1 | 630.5 | ||
| 38 | Morrison Cohen LLP | 550.0 | 0.3% | 550.0 | 1 | 1 | 550.0 | ||
| 39 | Blank Rome | 549.7 | 0.3% | 549.7 | 1 | 1 | 549.7 | ||
| 40 | Stoel Rives LLP | 542.5 | 0.3% | 542.5 | 1 | 1 | 542.5 | ||
| 40 | Mayer Brown LLP | 525.0 | 0.3% | 525.0 | 1 | 1 | 525.0 | ||
| 42 | Kane Kessler, PC | 525.0 | 0.3% | 525.0 | 1 | 1 | 525.0 | ||
| 42 | Rutan & Tucker | 482.0 | 0.3% | 482.0 | 1 | 1 | 482.0 | ||
| 44 | Morgan, Lewis & Blockius | 415.9 | 0.2% | 415.9 | 1 | 1 | 415.9 | ||
| 45 | Jenner & Block | 415.9 | 0.2% | 415.9 | 1 | 1 | 415.9 | ||
| 45 | Jones Day | 413.3 | 0.2% | 413.3 | 1 | 1 | 413.3 | ||
| 45 | Ropes & Gray LLP | 358.0 | 0.2% | 358.0 | 1 | 1 | 358.0 | ||
| 45 | Graydon Head & Ritchey LLP | 331.1 | 0.2% | 331.1 | 1 | 1 | 331.1 | ||
| 49 | Faegre Drinker Biddle & Reath LLP | 331.1 | 0.2% | 331.1 | 1 | 1 | 331.1 | ||
| 49 | Arnold & Porter | 331.0 | 0.2% | 331.0 | 1 | 1 | 331.0 | ||
| 51 | Stikeman Elliott and Posse Herrera Ruiz | 255.0 | 0.1% | 255.0 | 1 | 1 | 255.0 | ||
| 52 | Freshfields Bruckhaus Deringer US LLP | 255.0 | 0.1% | 255.0 | 1 | 1 | 255.0 | ||
| 52 | Dentons Canada LLP | 255.0 | 0.1% | 255.0 | 1 | 1 | 255.0 | ||
| 54 | Brigard & Urrutia Abogados SAS | 255.0 | 0.1% | 255.0 | 1 | 1 | 255.0 | ||
| 55 | Dickinson Wright PLLC | 150.0 | 0.1% | 150.0 | 1 | 1 | 150.0 | ||
| 56 | Becker & Poliakoff LLP | 150.0 | 0.1% | 150.0 | 1 | 1 | 150.0 | ||
| 57 | Shumaker, Loop & Kendrick LLP | 143.0 | 0.1% | 143.0 | 1 | 1 | 143.0 | ||
| 58 | Stradley Ronon Steven & Young, LLP | 140.0 | 0.1% | 140.0 | 1 | 1 | 140.0 | ||
| 59 | Nelson Mullins Riley and Scarborough | 140.0 | 0.1% | 140.0 | 1 | 1 | 140.0 | ||
| 60 | Lowenstein Sandler LLP | 84.8 | 0.0% | 84.8 | 1 | 1 | 84.8 |
Source: SPACInsider; SEC.gov