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Lehman Brothers Receives Six Euromoney
"2006 Awards for Excellence"
13 Jul 2006
Lehman Brothers was honored with six Euromoney "2006
Awards for Excellence" which recognized the Firm for strength
in the following areas: mergers and acquisitions in Western Europe,
the Netherlands, Israel and Italy; global asset-backed securities;
and for the second consecutive year, debt in Italy. The following
are excerpts from Euromoney's 2006 awards edition:
Best M&A House in Western Europe*
"One bank that stood out for the right reasons was Lehman Brothers.
It was at the centre of some of the year's most complex and tricky
M&A situations, and handled them all deftly. … Top of the list
of such deals must be ABN AMRO's takeover of Banca Antonveneta,
Italy's seventh largest bank, on which Lehman [Brothers] advised
ABN. ... Lehman [Brothers] has also been one of two advisers to
the London Stock Exchange, helping the company to see off would-be
acquirers, Deutsche Börse, Euronext, Macquarie and, so far, Nasdaq.
Lehman [Brothers] is also involved in Endesa's defence
as a special adviser on regulatory issues, a significant part of
the Spanish energy company's strategy, and on Gaz de France/Suez
as an adviser to the French government, and was involved on HVB/UniCredit,
the biggest cross-border European banking merger to date, as an
adviser to the supervisory board of HVB. Its other most impressive
deal of the year was as sole adviser to BASF on the German chemicals
group's acquisition of US chemicals company Engelhard."
Best M&A House in the Netherlands*
Lehman Brothers "was active particularly as an adviser to private
equity groups such as KKR, Permira and Texas Pacific Group. Lehman
[Brothers] advised the first two on their purchase of SBS Broadcasting
from Telegraaf Media Groep and it advised Texas Pacific on the merger
of Gemplus, a portfolio company, with Axalto."
Best M&A House in Israel*
"Lehman Brothers advised Teva [on its $8.4 billion acquisition
of Ivax] … and takes this year's award for its continued excellence
in domestic and cross-border deals. Lehman [Brothers] seems equally
adept at winning mandates from local and foreign firms in Israel-related
cross-border M&A: [The Firm] ... advised Barnea Investments,
a vehicle set up by US private equity firms Cerberus and Gabriel,
on its purchase of a 9.9% stake of Bank Leumi."
Best M&A House in Italy*
"Lehman Brothers' success in winning the award for best M&A
house in Italy this year … owes more to its own efforts than to
any stumbles by its rivals. ... Lehman [Brothers'] ability to negotiate
... helped ABN AMRO to become the first foreign bank to take control
of a large Italian institution. The deal effectively opened up the
Italian market to foreign competition."
Best Global Asset-Backed Securities
House*
"Good ideas, backed by a global distribution capability, have
kept Lehman Brothers at the forefront of global ABS this year."
Best Debt House in Italy*
Lehman Brothers "retains its position as the best debt house
in Italy thanks to its role on deals such as the €3.7 billion
Fondo Immobili Pubblici deal for the Ministry of Finance."
This achievement is a reflection of Lehman Brothers'
dedication to clients and success in continuing to build our global
franchise.
*Euromoney "2006 Awards for Excellence"
relate to the period between 1 March 2005 and 28 February 2006.
The transactions mentioned herein appear as
a matter of record only.
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