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- Financial and legal advisers are tracked on all deals with value over USD 50m where information on the advisory is available via public sources as well as submissions from the advisers directly to TMT Finance.
- We are looking for data for all M&A deals announced between Oct 1, 2023 to Sept 30, 2024
- Qualifying subsectors include anythng under the broader Telecoms and Digital Infrastructure sector. This could include: Mobile Telecoms, Fibre, Cable and Broadband, Datacentres, Subsea Networks, Enterprise Telecoms and Network Services, Towers and Small Cells, Equipment and Hardware, Satellite and IoT.
- Credit for financial advisory is given to financial advisers and providers of fairness opinions, excluding broker, financing provider or arranger and providers of advice related to financial due diligence only.
- Credit for legal advisory is given to legal advisers, legal advisers to the financial adviser, legal advisers to the debt providers (separately).
- Credit is given to advisers of the principals on buy side and sell side (bidder, target or seller) or the parent company of the principals in case of a transaction with a subsidiary.
- Advisors to a principal will receive prorated deal value credit. The prorated credit will be calculated by summing up all the financial advisors to all the bidders and then dividing the deal amount by that number.
Advisors will receive full deal volume credit for a deal regardless of number advisers.
Advisors advising minority shareholders in the company sale will be given the prorated by number of advisers deal value credit on the actual size of the deal, not proportionally to their stake size.
- Geography is defined by the dominant geography (location of the headquarters) of the bidder, target or seller. In cases where the bidder or seller is a subsidiary and has a different geography to the parent company, geography is based on where the advice is given. Where the bidder is a consortium or a group of investors, dominant bidder's geography is defined by the headquarters of the lead investor with the largest equity stake. In case of the sale of multiple companies or assets with different geographies, dominant target geography is based on the geography with most revenue or, if not available, the geography in which the majority of the companies/assets are based.
- Industry on a transaction is defined by the dominant industry of the target company.
- We give credit to both Volume and Value of transactions worked on, and as such have a League Table for each, for both Financial and Legal Advisers.