UBS
There has been considerable activity involving financial institutions groups FIG this year, but volume-wise the majority of that has centred around bailout capital for banks. Advisers have received league table credit in some instances but generally deals were negotiated on a principal-to-principal basis and the adviserÆs involvement was limited.
There were also few equity deals which meant that MA activity drove revenues. On the MA front, UBS acted as adviser to one of the two families who sold their controlling 53% stake in Wing Lung Bank to China Merchants Bank for $2.5 billion. The deal valued Wing Lung at $4.7 billion, the highest price-to-book valuation ever for a Hong...
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