GLOBALM&A MID-MARKET REVIEWFINANCIAL RANKINGS1Q 2020

CONTENTS

1. Introduction2. Global Mid-Market Deals3. Global Private Equity Mid-Market Deals4. North America Mid-Market Deals5. Europe Mid-Market Deals6. APAC Mid-Market Deals7. Disclaimer

DATA SUBMISSIONS AND QUERIES

North America

EMEA

Asia Pacific

Contact Nageen Qasim

Madeeha Ahmad

Ee Wen Tay

Phone +1-646-824-2878

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+65-62-313404

Email nqasim1@bloomberg.net

mchaudhry13@bloomberg.net

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General M&A queries may be submitted to: m-a@bloomberg.net, malondon@bloomberg.net, maasia@bloomberg.net

The Bloomberg 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, spin-offs, debt-for-equity-swaps, joint ventures, private placements of common equity and convertible securities, and the cash injection component of recapitalization according to Bloomberg standards.

Bloomberg M&A delivers real-time 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 800 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.

Visit {NI LEAG CRL <GO>} to download copies of the final release and a full range of market specific league table results. On the web, visit: http://www.bloomberg.com/professional/solutions/investment-banking/.

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1Q 2020

GLOBAL M&A MID-MARKET FINANCIAL ADVISORY RANKINGS

©2020 Bloomberg Finance L.P. All rights reserved.1

Global Mid-Market (Up to $500 mln) 01/01/2020 - 03/31/2020 Global Mid-Market (Up to $250 mln) 01/01/2020 - 03/31/2020

Goldman Sachs & Co LLC 1 3.04 6,368 37 10 1.01 2.03 PricewaterhouseCoopers LLP 1 1.53 2,242 98 1 1.81 -0.28

JPMorgan Chase & Co 2 2.48 5,206 34 4 1.59 0.90 JPMorgan Chase & Co 2 0.93 1,367 23 2 1.22 -0.29

Morgan Stanley 3 2.20 4,610 39 1 2.59 -0.39 Barclays PLC 3 0.90 1,323 20 10 0.72 0.18

Citigroup Inc 4 1.87 3,930 23 5 1.52 0.36 Ernst & Young LLP 4 0.90 1,310 43 6 0.99 -0.10

BofA Securities Inc 5 1.79 3,765 27 15 0.90 0.90 Jefferies LLC 5 0.88 1,290 31 35 0.29 0.59

Jefferies LLC 6 1.40 2,945 36 40 0.32 1.09 Stifel Financial Corp 6 0.84 1,225 24 24 0.43 0.40

Rothschild & Co 7 1.38 2,887 55 2 1.67 -0.29 Morgan Stanley 7 0.79 1,150 30 3 1.03 -0.24

PricewaterhouseCoopers LLP 8 1.34 2,820 100 6 1.42 -0.07 Piper Sandler & Co 8 0.75 1,102 25 - - 0.75

Piper Sandler & Co 9 1.12 2,350 28 - - 1.12 RBC Capital Markets 9 0.74 1,085 17 91 0.09 0.65

Nomura Holdings Inc 10 1.09 2,282 23 9 1.02 0.07 Rothschild & Co 10 0.64 937 50 4 1.02 -0.38

Ernst & Young LLP 11 0.99 2,082 45 17 0.81 0.18 BofA Securities Inc 11 0.60 881 19 16 0.55 0.05

Stifel Financial Corp 12 0.98 2,062 26 30 0.46 0.52 Goldman Sachs & Co LLC 12 0.59 865 23 8 0.74 -0.15

RBC Capital Markets 13 0.97 2,035 19 20 0.69 0.28 Houlihan Lokey Inc 13 0.57 827 41 11 0.70 -0.13

Lazard Ltd 14 0.95 1,985 25 7 1.41 -0.46 Daiwa Securities Group Inc 14 0.55 803 15 7 0.77 -0.22

UBS AG 15 0.74 1,557 16 11 0.99 -0.25 Lazard Ltd 15 0.54 790 21 5 1.02 -0.48

Barclays PLC 16 0.63 1,323 20 13 0.96 -0.33 Bank of Nova Scotia/The 16 0.49 711 10 92 0.09 0.40

Evercore Inc 17 0.58 1,214 24 3 1.64 -1.06 Nomura Holdings Inc 17 0.48 707 19 18 0.52 -0.03

Sumitomo Mitsui Financial Group Inc 18 0.56 1,185 16 33 0.43 0.14 Robert W Baird & Co Inc 18 0.48 707 19 28 0.32 0.17

Moelis & Co 19 0.55 1,162 20 27 0.47 0.08 Deutsche Bank AG 19 0.45 660 8 156 0.03 0.42

Daiwa Securities Group Inc 20 0.55 1,157 16 22 0.64 -0.09 Canaccord Genuity Corp 20 0.40 585 21 20 0.48 -0.08

TOTAL 209,747 10,579 TOTAL 146,335 10,400

Global Mid-Market (Up to $50 mln) 01/01/2020 - 03/31/2020

PricewaterhouseCoopers LLP 1 1.11 524 87 1 1.55 -0.45

Canaccord Genuity Corp 2 0.38 182 17 7 0.27 0.12

Deloitte Touche Tohmatsu ILA Group Ltd 3 0.29 136 22 10 0.24 0.05

Ernst & Young LLP 4 0.26 122 36 2 0.61 -0.35

Rothschild & Co 5 0.24 115 44 3 0.52 -0.28

Raymond James & Associates Inc 6 0.23 107 20 11 0.22 -

Nomura Holdings Inc 7 0.22 105 14 4 0.33 -0.10

Mizuho Financial Group Inc 8 0.22 104 10 16 0.19 0.03

Avendus Capital Pvt Ltd 9 0.19 92 4 12 0.21 -0.01

Mesirow Financial Inc 10 0.17 80 6 161 - 0.17

Daiwa Securities Group Inc 11 0.16 78 10 8 0.25 -0.08

Banco Santander SA 12 0.16 76 3 58 0.08 0.08

Stifel Financial Corp 13 0.16 75 15 25 0.13 0.03

Mercury Securities Sdn Bhd 14 0.16 74 4 6 0.29 -0.13

Olsen Palmer LLC 15 0.15 73 2 161 - 0.15

Carnegie Fondkommission AB 16 0.15 73 8 85 0.04 0.11

Banco Itau BBA SA 17 0.15 72 10 43 0.09 0.06

Evercore Inc 18 0.15 71 19 153 - 0.14

Sumitomo Mitsui Financial Group Inc 19 0.14 66 9 26 0.11 0.03

Huatai Securities Co Ltd 20 0.14 65 4 156 - 0.14

TOTAL 47,393 9,533

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Global Private Equity Mid-Market (Up to $500 mln) 01/01/2020 - 03/31/2020 Global Private Equity Mid-Market (Up to $250 mln) 01/01/2020 - 03/31/2020

Goldman Sachs & Co LLC 1 2.51 2,005 18 4 1.58 0.93 Ernst & Young LLP 1 1.43 839 25 1 1.08 0.34

Morgan Stanley 2 1.61 1,288 19 1 2.80 -1.19 PricewaterhouseCoopers LLP 2 1.15 676 36 3 1.01 0.14

Jefferies LLC 3 1.45 1,161 20 59 0.18 1.27 JPMorgan Chase & Co 3 1.06 626 9 2 1.06 -

Ernst & Young LLP 4 1.45 1,158 26 21 0.75 0.70 RBC Capital Markets 4 0.93 545 9 37 0.24 0.69

JPMorgan Chase & Co 5 1.38 1,101 10 8 1.27 0.11 Jefferies LLC 5 0.86 509 18 34 0.26 0.60

BofA Securities Inc 6 1.35 1,080 10 23 0.67 0.68 Morgan Stanley 6 0.75 443 17 4 0.99 -0.23

Evercore Inc 7 1.26 1,011 14 2 2.26 -1.00 BofA Securities Inc 7 0.74 436 8 15 0.42 0.32

PricewaterhouseCoopers LLP 8 0.84 676 36 9 1.19 -0.34 Goldman Sachs & Co LLC 8 0.58 340 13 20 0.37 0.21

Allen & Co Inc 9 0.84 675 3 - - 0.84 Rothschild & Co 9 0.51 299 24 5 0.87 -0.36

UBS AG 10 0.74 588 10 12 1.05 -0.32 Deutsche Bank AG 10 0.42 250 5 90 - 0.42

CBRE Capital Advisors Inc 11 0.70 561 7 75 0.08 0.62 Deloitte Touche Tohmatsu ILA Group Ltd 11 0.42 247 11 46 0.20 0.22

RBC Capital Markets 12 0.68 545 9 13 0.98 -0.30 Arcadis NV 12 0.41 239 1 - - 0.41

Piper Sandler & Co 13 0.67 536 11 - - 0.67 Financial Technology Partners LLC 13 0.40 237 1 - - 0.40

Savills PLC 14 0.66 528 2 - - 0.66 Evercore Inc 14 0.40 236 12 9 0.70 -0.30

Raymond James & Associates Inc 15 0.64 513 16 51 0.22 0.42 Allen & Co Inc 15 0.40 235 2 - - 0.40

Wells Fargo & Co 16 0.57 455 4 19 0.79 -0.22 BMO Capital Markets Corp/Toronto 16 0.38 226 5 90 - 0.38

Qatalyst Partners LLC 17 0.55 440 1 - - 0.55 Bank of Nova Scotia/The 16 0.38 226 1 90 - 0.38

Shinyoung Securities Co Ltd 18 0.52 418 1 - - 0.52 Daiwa Securities Group Inc 18 0.38 226 6 8 0.72 -0.34

Citigroup Inc 19 0.46 370 9 14 0.91 -0.45 GCA Corp 19 0.37 220 3 32 0.29 0.08

Shea & Co LLC 20 0.42 340 4 60 0.18 0.25 Savills PLC 19 0.37 220 1 - - 0.37

TOTAL 80,009 3,698 TOTAL 58,849 3,639

Global Private Equity Mid-Market (Up to $50 mln) 01/01/2020 - 03/31/2020

Avendus Capital Pvt Ltd 1 0.41 92 4 5 0.26 0.16

Ernst & Young LLP 2 0.40 89 21 2 0.52 -0.12

PricewaterhouseCoopers LLP 3 0.38 83 32 3 0.43 -0.05

Deloitte Touche Tohmatsu ILA Group Ltd 4 0.28 62 10 13 0.21 0.07

Canaccord Genuity Corp 5 0.26 59 6 4 0.31 -0.04

GP Bullhound LLP 6 0.23 50 1 - - 0.23

Citigroup Inc 6 0.23 50 8 50 - 0.23

Spark Capital Advisors Pte Ltd/India 8 0.22 49 1 - - 0.22

Carnegie Fondkommission AB 9 0.21 47 6 50 - 0.21

Raymond James & Associates Inc 10 0.18 40 14 50 - 0.18

Cushman & Wakefield Inc 11 0.18 39 1 50 - 0.18

Marwood Group LLC 12 0.17 38 1 - - 0.17

TripleTree LLC 12 0.17 38 2 50 - 0.17

Rothschild & Co 14 0.17 38 22 1 0.64 -0.47

DBS Group Holdings Ltd 15 0.17 37 1 - - 0.17

Credit Suisse Group AG 15 0.17 37 8 35 0.07 0.09

Moelis & Co 17 0.17 37 9 50 - 0.17

Evercore Inc 18 0.16 36 11 50 - 0.16

KPMG Corporate Finance LLC 19 0.14 31 7 6 0.25 -0.11

Grant Thornton International Ltd 19 0.14 31 2 50 - 0.14

TOTAL 22,204 3,311

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US Mid-Market (Up to $500 mln) 01/01/2020 - 03/31/2020 US Mid-Market (Up to $250 mln) 01/01/2020 - 03/31/2020

Goldman Sachs & Co LLC 1 3.59 3,669 22 12 1.11 2.48 Stifel Financial Corp 1 1.72 1,225 23 10 0.73 0.99

BofA Securities Inc 2 3.17 3,246 24 7 1.58 1.59 Jefferies LLC 2 1.66 1,183 24 14 0.64 1.03

Jefferies LLC 3 2.77 2,838 29 21 0.70 2.08 Piper Sandler & Co 3 1.47 1,050 23 - - 1.47

Morgan Stanley 4 2.56 2,622 27 2 2.40 0.17 Barclays PLC 4 1.33 945 17 6 1.01 0.32

Piper Sandler & Co 5 2.25 2,298 26 - - 2.25 JPMorgan Chase & Co 5 1.24 885 14 7 0.90 0.34

JPMorgan Chase & Co 6 2.21 2,259 18 3 1.99 0.22 Morgan Stanley 6 1.06 753 22 1 1.32 -0.27

Stifel Financial Corp 7 2.02 2,062 25 15 0.87 1.14 Robert W Baird & Co Inc 7 0.99 707 16 13 0.70 0.29

Citigroup Inc 8 1.74 1,780 13 4 1.97 -0.23 BofA Securities Inc 8 0.93 661 17 17 0.63 0.30

Rothschild & Co 9 1.58 1,620 21 20 0.71 0.88 Ernst & Young LLP 9 0.86 616 12 32 0.28 0.59

Lazard Ltd 10 1.18 1,208 17 8 1.50 -0.32 Lazard Ltd 10 0.78 559 15 4 1.05 -0.27

UBS AG 11 1.15 1,178 10 58 0.18 0.97 Houlihan Lokey Inc 11 0.70 502 37 3 1.06 -0.36

Robert W Baird & Co Inc 12 0.94 962 17 32 0.48 0.46 RBC Capital Markets 12 0.69 494 12 45 0.20 0.49

Barclays PLC 13 0.92 945 17 13 1.02 -0.09 Rothschild & Co 13 0.64 457 18 26 0.32 0.32

Evercore Inc 14 0.86 879 20 1 2.58 -1.73 PJT Partners Inc 14 0.64 456 6 20 0.40 0.24

Allen & Co Inc 15 0.73 750 5 - - 0.73 Goldman Sachs & Co LLC 15 0.64 455 13 18 0.62 0.01

BMO Capital Markets Corp/Toronto 16 0.65 664 5 120 - 0.64 Evercore Inc 16 0.57 404 19 2 1.14 -0.58

Moelis & Co 17 0.62 631 16 17 0.77 -0.15 Canaccord Genuity Corp 17 0.49 352 17 15 0.63 -0.14

Ernst & Young LLP 18 0.60 616 12 30 0.49 0.11 Allen & Co Inc 18 0.44 310 4 - - 0.44

CBRE Capital Advisors Inc 19 0.55 561 7 89 0.07 0.48 Daiwa Securities Group Inc 19 0.43 307 4 12 0.72 -0.29

Carnegie Fondkommission AB 20 0.52 528 3 - - 0.52 MTS Health Partners LP 20 0.43 304 3 117 - 0.43

TOTAL 102,299 5,003 TOTAL 71,255 4,919

Canada Mid-Market (Up to $500 mln) 01/01/2020 - 03/31/2020 Canada Mid-Market (Up to $250 mln) 01/01/2020 - 03/31/2020

RBC Capital Markets 1 11.94 1,397 8 1 7.64 4.29 RBC Capital Markets 1 5.14 448 6 39 - 5.14

Goldman Sachs & Co LLC 2 6.58 770 5 54 - 6.58 Bank of Nova Scotia/The 2 3.86 336 6 7 1.37 2.49

National Bank Financial Inc 3 5.36 627 6 11 2.28 3.07 PricewaterhouseCoopers LLP 3 2.82 246 14 22 0.38 2.44

BMO Capital Markets Corp/Toronto 4 4.54 532 5 25 1.03 3.52 Canaccord Genuity Corp 4 2.75 239 6 16 0.64 2.11

Piper Sandler & Co 5 4.29 502 3 - - 4.29 BMO Capital Markets Corp/Toronto 5 2.59 226 4 6 1.53 1.06

Waller Helms Advisors LLC 6 3.85 450 1 - - 3.85 Raymond James & Associates Inc 6 2.50 218 2 1 3.95 -1.45

Ernst & Young LLP 7 3.26 382 7 54 - 3.26 Crosbie & Co Ltd 7 2.27 198 1 - - 2.27

Bank of Nova Scotia/The 8 2.87 336 6 9 2.65 0.22 Nomura Holdings Inc 8 1.73 151 1 - - 1.73

Citigroup Inc 9 2.73 320 3 15 2.21 0.53 Daiwa Securities Group Inc 9 1.62 141 1 - - 1.62

DH Capital LLC 9 2.73 320 1 - - 2.73 National Bank Financial Inc 10 1.49 130 5 2 3.41 -1.91

Wells Fargo & Co 11 2.64 308 1 54 - 2.64 Clipperton Finance Sarl 11 1.15 100 1 - - 1.15

Savills PLC 11 2.64 308 1 - - 2.64 Peters & Co Ltd 12 1.08 94 1 38 0.01 1.06

PricewaterhouseCoopers LLP 13 2.10 246 14 39 0.25 1.85 INFOR Financial Group Inc 13 0.95 83 2 - - 0.95

Canaccord Genuity Corp 14 2.05 239 6 33 0.43 1.62 PNC Financial Services Group Inc/The 14 0.84 73 2 - - 0.84

Raymond James & Associates Inc 15 1.86 218 2 10 2.65 -0.79 Ernst & Young LLP 15 0.72 62 6 39 - 0.72

Crosbie & Co Ltd 16 1.69 198 1 - - 1.69 Cormark Securities Inc 16 0.69 60 1 36 0.08 0.61

Nomura Holdings Inc 17 1.29 151 1 - - 1.29 PJT Partners Inc 17 0.60 52 1 - - 0.60

Daiwa Securities Group Inc 18 1.21 141 1 - - 1.21 Piper Sandler & Co 17 0.60 52 2 - - 0.60

Clipperton Finance Sarl 19 0.85 100 1 - - 0.85 Drake Star Partners Ltd 19 0.46 40 1 - - 0.46

Peters & Co Ltd 20 0.80 94 1 53 - 0.79 Marwood Group LLC 20 0.43 38 1 - - 0.43

TOTAL 11,703 881 TOTAL 8,710 873

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Western & Eastern Europe Mid-Market (Up to $500 mln) 01/01/2020 - 03/31/2020 Western & Eastern Europe Mid-Market (Up to $250 mln) 01/01/2020 - 03/31/2020

Morgan Stanley 1 3.91 2,525 19 3 2.77 1.14 Ernst & Young LLP 1 1.85 786 35 4 1.86 -0.01

Rothschild & Co 2 3.90 2,520 48 1 4.88 -0.98 Morgan Stanley 2 1.79 763 15 9 1.01 0.78

Goldman Sachs & Co LLC 3 3.79 2,449 15 19 0.95 2.84 Deutsche Bank AG 3 1.55 660 6 105 - 1.55

JPMorgan Chase & Co 4 2.90 1,875 16 7 2.48 0.42 Jefferies LLC 4 1.44 615 13 56 0.18 1.26

BofA Securities Inc 5 2.75 1,779 9 36 0.57 2.18 Barclays PLC 5 1.35 575 8 5 1.72 -0.37

Ernst & Young LLP 6 2.41 1,559 37 13 1.29 1.13 Rothschild & Co 6 1.34 570 43 2 2.59 -1.25

Jefferies LLC 7 1.96 1,267 15 81 0.13 1.83 PricewaterhouseCoopers LLP 7 1.33 568 66 1 3.89 -2.56

Lazard Ltd 8 1.68 1,086 17 8 2.48 -0.79 Daiwa Securities Group Inc 8 1.16 494 9 17 0.81 0.36

Citigroup Inc 9 1.20 774 7 2 2.91 -1.71 Stifel Financial Corp 9 0.94 400 4 105 - 0.94

BNP Paribas SA 10 1.07 691 11 9 1.77 -0.70 BofA Securities Inc 10 0.93 395 5 16 0.83 0.10

RBC Capital Markets 11 1.05 677 4 30 0.60 0.44 JPMorgan Chase & Co 11 0.91 386 12 3 2.02 -1.11

Carnegie Fondkommission AB 12 1.02 661 11 55 0.33 0.69 Goldman Sachs & Co LLC 12 0.82 347 10 25 0.50 0.31

Deutsche Bank AG 13 1.02 660 6 125 - 1.02 Banco Santander SA 13 0.77 330 4 31 0.42 0.35

Barclays PLC 14 0.89 575 8 6 2.69 -1.79 Carnegie Fondkommission AB 14 0.67 286 10 27 0.48 0.20

PricewaterhouseCoopers LLP 15 0.88 568 66 5 2.69 -1.81 BNP Paribas SA 15 0.65 275 10 11 0.99 -0.34

Raymond James & Associates Inc 16 0.86 552 6 74 0.17 0.69 GCA Corp 16 0.62 266 5 26 0.49 0.14

Savills PLC 17 0.82 528 2 - - 0.82 Robert W Baird & Co Inc 17 0.58 247 6 40 0.31 0.27

Societe Generale SA 18 0.77 499 4 33 0.60 0.17 Arcadis NV 18 0.56 239 1 - - 0.56

Daiwa Securities Group Inc 19 0.77 494 9 37 0.56 0.21 Piper Sandler & Co 19 0.56 238 4 - - 0.56

Credit Agricole Corporate & Investment Ban 20 0.74 477 3 18 1.07 -0.33 Moelis & Co 20 0.55 235 4 22 0.62 -0.07

TOTAL 64,580 3,138 TOTAL 42,565 3,077

UK Mid-Market (Up to $500 mln) 01/01/2020 - 03/31/2020 UK Mid-Market (Up to $250 mln) 01/01/2020 - 03/31/2020

Lazard Ltd 1 3.02 801 8 6 2.91 0.11 Morgan Stanley 1 2.92 516 8 14 1.04 1.88

Jefferies LLC 2 2.98 790 7 50 0.32 2.65 Jefferies LLC 2 2.20 390 6 34 0.48 1.72

Rothschild & Co 3 2.50 663 17 1 6.46 -3.97 Deutsche Bank AG 3 2.07 366 3 53 - 2.07

Morgan Stanley 4 1.94 516 8 8 2.23 -0.29 Barclays PLC 4 1.98 350 3 10 1.28 0.70

Ernst & Young LLP 5 1.44 382 9 16 1.51 -0.07 Goldman Sachs & Co LLC 5 1.89 335 7 53 - 1.89

Deutsche Bank AG 6 1.38 366 3 68 - 1.38 Rothschild & Co 6 1.77 314 16 4 1.90 -0.13

BMO Capital Markets Corp/Toronto 7 1.35 358 1 56 0.15 1.20 Daiwa Securities Group Inc 7 1.42 251 3 24 0.73 0.69

Cowen & Co LLC 7 1.35 358 1 56 0.15 1.20 Moelis & Co 8 1.33 235 2 22 0.84 0.49

Barclays PLC 9 1.32 350 3 10 1.93 -0.61 HSBC Bank PLC 8 1.33 235 3 40 0.23 1.10

Trigon Healthcare Inc/Old 10 1.28 340 1 - - 1.28 Macquarie Group Ltd 10 1.16 205 3 53 - 1.16

Shea & Co LLC 10 1.28 340 1 - - 1.28 PricewaterhouseCoopers LLP 11 1.14 201 22 1 3.34 -2.21

Goldman Sachs & Co LLC 12 1.26 335 7 68 - 1.26 Lazard Ltd 12 1.08 191 6 53 - 1.08

Wells Fargo & Co 13 1.16 308 1 - - 1.16 Bank of Nova Scotia/The 12 1.08 191 1 - - 1.08

Savills PLC 13 1.16 308 1 - - 1.16 Guggenheim Capital LLC 14 0.99 175 3 18 1.01 -0.03

BofA Securities Inc 15 1.04 275 4 68 - 1.04 Canaccord Genuity Corp 14 0.99 175 1 45 0.10 0.88

Citigroup Inc 15 1.04 275 4 18 1.47 -0.43 BNP Paribas SA 16 0.84 148 3 9 1.33 -0.49

Daiwa Securities Group Inc 17 0.95 251 3 42 0.49 0.46 Stifel Financial Corp 17 0.76 135 1 53 - 0.76

Moelis & Co 18 0.88 235 2 40 0.56 0.33 Europa Partners Ltd 18 0.76 134 1 - - 0.76

HSBC Bank PLC 18 0.88 235 3 55 0.15 0.73 Raymond James & Associates Inc 18 0.76 134 1 35 0.47 0.29

Macquarie Group Ltd 20 0.77 205 3 4 3.32 -2.55 RBC Capital Markets 20 0.76 134 2 53 - 0.76

TOTAL 26,558 1,203 TOTAL 17,698 1,178

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APAC ex Japan Mid-Market (Up to $500 mln) 01/01/2020 - 03/31/2020 APAC ex Japan Mid-Market (Up to $250 mln) 01/01/2020 - 03/31/2020

Citigroup Inc 1 2.56 1,971 8 9 1.14 1.43 PricewaterhouseCoopers LLP 1 2.25 1,276 23 1 2.13 0.12

JPMorgan Chase & Co 2 2.46 1,887 10 6 1.21 1.25 JPMorgan Chase & Co 2 0.83 468 6 5 1.01 -0.18

Goldman Sachs & Co LLC 3 2.26 1,735 8 14 0.98 1.28 Ernst & Young LLP 3 0.78 441 8 4 1.01 -0.23

PricewaterhouseCoopers LLP 4 2.08 1,599 24 2 1.48 0.60 KPMG Corporate Finance LLC 4 0.75 426 7 20 0.40 0.36

Nomura Holdings Inc 5 1.71 1,318 7 90 0.06 1.65 Deloitte Touche Tohmatsu ILA Group Ltd 5 0.75 425 9 16 0.43 0.33

Sangyo Sosei Advisory Inc 6 1.21 930 2 - - 1.21 Nomura Holdings Inc 6 0.69 388 5 76 0.09 0.59

ICICI Bank Ltd 7 0.92 704 4 19 0.60 0.32 AmInvestment Bank Bhd 7 0.68 386 6 121 - 0.68

Credit Suisse Group AG 8 0.86 658 4 32 0.40 0.46 Guotai Junan Securities Co Ltd 8 0.62 353 3 67 0.16 0.46

Maybank 9 0.84 645 3 109 0.02 0.82 Houlihan Lokey Inc 9 0.58 326 6 103 0.02 0.55

Morgan Stanley 10 0.82 627 3 1 2.42 -1.60 Macquarie Group Ltd 10 0.52 293 6 13 0.55 -0.03

Samsung Securities Co Ltd 11 0.77 592 2 23 0.52 0.25 Mercury Securities Sdn Bhd 11 0.50 284 6 32 0.30 0.20

CITIC Securities Co Ltd 12 0.73 558 3 56 0.20 0.53 GCA Corp 12 0.49 275 3 - - 0.49

BofA Securities Inc 13 0.68 519 4 20 0.60 0.08 Citigroup Inc 13 0.46 259 3 42 0.25 0.21

KGI Securities Co Ltd 14 0.64 495 4 29 0.41 0.23 UBS AG 14 0.44 249 5 41 0.26 0.18

TA Securities Holdings Bhd 15 0.59 456 2 - - 0.59 Barclays PLC 15 0.44 248 2 125 - 0.44

China International Capital Corp Ltd 16 0.59 454 2 15 0.78 -0.19 Huatai Securities Co Ltd 16 0.43 245 5 6 0.82 -0.39

Ernst & Young LLP 17 0.57 441 8 16 0.70 -0.13 Financial Technology Partners LLC 17 0.42 237 1 - - 0.42

Capital Advantage Co Ltd 18 0.57 441 2 - - 0.57 Huaxing Growth Capital 18 0.40 227 2 - - 0.40

Essence Corporate Finance Hong Kong Ltd 19 0.56 430 2 - - 0.56 BofA Securities Inc 19 0.39 220 3 25 0.34 0.04

State Bank of India 20 0.56 428 1 - - 0.56 Banco Santander SA 20 0.36 205 2 - - 0.36

TOTAL 76,866 2,927 TOTAL 56,607 2,868

Japan Mid-Market (Up to $500 mln) 01/01/2020 - 03/31/2020 Japan Mid-Market (Up to $250 mln) 01/01/2020 - 03/31/2020

Nomura Holdings Inc 1 7.43 1,605 17 1 10.22 -2.79 Sumitomo Mitsui Financial Group Inc 1 3.61 540 14 4 5.81 -2.20

Goldman Sachs & Co LLC 2 5.76 1,245 6 28 0.37 5.39 Daiwa Securities Group Inc 2 2.98 446 8 5 3.91 -0.93

Sumitomo Mitsui Financial Group Inc 3 5.48 1,185 16 4 5.18 0.30 Mizuho Financial Group Inc 3 2.49 373 12 3 6.09 -3.60

Sangyo Sosei Advisory Inc 4 4.30 930 2 16 1.41 2.89 Nomura Holdings Inc 4 2.11 316 14 2 7.00 -4.89

Daiwa Securities Group Inc 5 3.70 800 9 7 2.24 1.46 Barclays PLC 5 1.66 248 2 - - 1.66

Mizuho Financial Group Inc 6 3.39 733 13 3 5.72 -2.33 PricewaterhouseCoopers LLP 6 1.58 236 2 10 2.38 -0.81

Morgan Stanley 7 3.00 649 5 2 8.47 -5.46 Savills PLC 7 1.47 220 1 - - 1.47

Maybank 8 2.10 453 1 - - 2.10 Deloitte Touche Tohmatsu ILA Group Ltd 8 1.31 196 10 8 2.81 -1.49

IR Japan Inc 9 2.09 451 3 - - 2.09 RBC Capital Markets 9 1.23 184 1 - - 1.23

Citigroup Inc 10 1.78 384 1 29 0.30 1.47 Bank of Nova Scotia/The 9 1.23 184 1 - - 1.23

G5 Partners 11 1.71 370 1 - - 1.71 Rothschild & Co 11 1.17 175 4 24 0.20 0.97

Centerview Partners LLC 12 1.21 262 1 - - 1.21 YAMADA Consulting Group Co Ltd 12 1.17 175 2 15 1.25 -0.08

JPMorgan Chase & Co 12 1.21 262 1 13 1.72 -0.51 IR Japan Inc 13 1.15 172 2 - - 1.15

Barclays PLC 14 1.15 248 2 - - 1.15 JM Financial Ltd 14 0.92 138 1 - - 0.92

PricewaterhouseCoopers LLP 15 1.09 236 2 6 3.59 -2.50 Plutus Consulting Co Ltd 15 0.90 134 2 16 1.24 -0.34

Savills PLC 16 1.02 220 1 - - 1.02 GCA Corp 16 0.68 101 7 12 1.94 -1.26

Deloitte Touche Tohmatsu ILA Group Ltd 17 0.91 196 10 14 1.61 -0.70 Ernst & Young LLP 17 0.67 100 2 20 0.66 -

RBC Capital Markets 18 0.85 184 1 - - 0.85 KGI Securities Co Ltd 18 0.60 90 1 11 2.15 -1.54

Bank of Nova Scotia/The 18 0.85 184 1 - - 0.85 Banco Itau BBA SA 19 0.32 48 1 - - 0.32

Rothschild & Co 20 0.81 175 4 12 1.79 -0.98 Maxus Corporate Advisory Inc 20 0.17 25 5 25 0.16 0.01

TOTAL 21,611 1,179 TOTAL 14,949 1,161

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Bloomberg League Criteria

Announced Global League Tables are based upon announced total values, unless otherwise stated in the title. Non-US dollar values are converted to US dollars at the time of announcement.

Credit will be given to transactions in which Bloomberg classifies as mergers, acquisitions, divestitures, self-tenders, or spin-offs.

Regional and industry League Tables will be based on the country of risk and industry of the ultimate publicly traded parent of a privately held company where applicable.

Advisors to any member of an investor group, consortium, or joint venture are eligible for full credit.

Advisory fees hold no weight over advisory credit.

General Database Criteria

A transaction is considered to have been announced upon the release of terms offered by the acquirer, and acknowledgement of the offer by the target company.

Deals that are considered to be in proposed status will not be granted credit.

Full versions of Bloomberg’s League Tables Standards & Guidelines can be accessed on Bloomberg Professional:

{LEAG<GO>}.

Bloomberg L.P. reserves the right of final decision concerning league eligibility and requires adequate documentation for the same. Bloomberg L.P. 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. Due to the dynamic nature of the Professional Service product, League Table rankings may vary between the quarterly/year-end publications and data found on the Bloomberg Professional Service.

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