CHICAGO, Jan. 18, 2017– Baird, an employee-owned, international financial services firm, today announced that its Global Investment Banking business posted its fourth consecutive year of record results for 2016. While overall M&A and equity market activity declined, Baird realized material gains in a number of categories. Highlights for the year include:
- Generated record revenues for Global Investment Banking for the fourth consecutive year, including record advisory revenues – up 22% from 2015;
- Closed in excess of 100 M&A and debt advisory deals globally – a new record;
- Increased book-run equity financing activity by 33%;
- Announced 30% more transactions involving financial sponsors vs. 2015;
- Achieved a record level of transaction activity in Europe and Asia: over 30% of Baird’s M&A deals involved a non-US company; and
- Built up a record pipeline of engagements entering 2017.
“In a year where middle-market M&A and equity new issuance activity declined, we achieved significant growth and yet another record year for our franchise,” said Brian McDonagh, Co-Head of Baird’s Global Investment Banking business. “We greatly appreciate the trust and partnerships we have developed with our clients and are proud of the great outcomes we delivered for them in 2016.”
Brian Doyal, Co-Head of Baird’s Global Investment Banking business, added, “We are excited about all that we achieved in 2016 and the momentum we have going into 2017. We feel that our global capabilities, combined with being privately-held and employee-owned and our unique teamwork-oriented culture, positions us well for the future.”
About Baird Global Investment Banking
Baird is a leading global investment bank focused on the middle market. Approximately 275 investment banking professionals in the U.S., Europe and Asia provide corporations, entrepreneurs, private equity and venture capital firms with in-depth market knowledge and extensive experience in merger and acquisition, debt advisory and equity financing transactions. Since 2010, Baird has completed 354 advisory transactions representing more than $90 billion in transaction value and 523 financings raising $144 billion.
Baird is an employee-owned, international wealth management, capital markets, private equity and asset management firm with offices in the United States, Europe and Asia. Established in 1919, Baird has more than 3,300 associates serving the needs of individual, corporate, institutional and municipal clients. Baird has more than $160billion in client assets. Committed to being a great place to work, Baird ranked No. 6 on FORTUNE’s 100 Best Companies to Work For in 2016 – its 13th consecutive year on the list. Baird’s principal operating subsidiaries are Robert W. Baird & Co. in the United States and Robert W. Baird Group Ltd. in Europe. Baird also has an operating subsidiary in Asia supporting Baird’s investment banking and private equity operations. Robert W. Baird Limited and Baird Capital Partners Europe Limited are authorised and regulated by the Financial Conduct Authority. For more information, please visit Baird’s Web site at www.rwbaird.com.
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Baird Public Relations