CONTACT: Bill Fowler
303-778-5513
bill.fowler@rbcdaniels.com
FOR IMMEDIATE RELEASE
February 13, 2009
RBC DANIELS COMPLETES 50 TRANSACTIONS FOR OVER $3.1 BILLION IN 2008;
RBC CAPITAL MARKETS NAMED MID-MARKET INVESTMENT BANK OF THE YEAR
DENVER – RBC Daniels, a division of RBC Capital Markets, announced its 2008 performance today, disclosing that it completed 50 transactions with an aggregate value of over $3.1 billion. This included 42 mergers & acquisitions (M&A) and corporate finance transactions as well as 8 financial advisory transactions for domestic and international clients in the cable, telecommunications, media and technology industries.
In addition, RBC Capital Markets received the honor of being named Mid-Market Bank of the Year by Investment Dealers’ Digest (IDD), citing the company’s emergence “as a formidable force in the US middle market” since 2002.
RBC Daniels and RBC Capital Markets continued their streak of leading in the number of M&A transactions in the core sectors of cable, telecommunications, broadcast and Internet services companies, according to deal-tracker, Thomson Reuters. Thomson ranked RBC Daniels and RBC Capital Markets number one in 2008 M&A transactions for North American clients in the cable television, wireless and wireline telecom, towers, broadcast and Internet services sectors with 26 announced deals. They also ranked number one in the number of deals closed in these sectors for the years 2000 through 2008 with 400 deals.
“We are pleased with our performance in 2008,” said Brian Deevy, RBC Daniels’ chief executive officer. “Despite a year of challenging market conditions, we were able to get many significant deals done for our clients.”
RBC Daniels advised on transactions involving many prominent operating and financial companies such as AccentHealth, Alpheus Communications, Altice, AT&T, The Carlyle Group, Charter Communications, Clearwire Corporation, FairPoint Communications, Global Tower Partners, GoAmerica, Hargray Wireless, Hostopia, InSite Wireless, JAB Broadband, Leap Wireless, Local Insight Regatta Holdings, Magic Media, NextMedia Group, NTS Communications, Oneida Broadband, Outdoor Channel, Pac-West Telecomm, RegionalHelpWanted.com, Shentel, Sprint Nextel, Suddenlink Communications and United States Cellular.
“We continue to be the most active M&A advisor in the communications business,” said Brad Busse, RBC Daniels’ president and chief operating officer, “and we were able to help our clients reach their strategic goals this year through our strong relationships and sector-specific expertise.”
RBC Daniels is a leader in financial services to the cable, telecommunications, media and technology industries worldwide. The company assists clients with mergers & acquisitions, public and private equity & debt financings and financial advisory engagements. RBC Daniels is a division of RBC Capital Markets Corporation. RBC Capital Markets is a member of FINRA and SIPC. For more information, please visit www.rbcdaniels.com.
Top Financial Advisors to North American Cable, Telecom, Broadcast and Internet Services Companies Year 2008 Ranked by Number of Announced M&A Transactions |
||
| Rank | Financial Advisor | Number of Deals |
| 1. 2. 3. 4.* 4.* 4.* |
RBC Daniels / RBC Capital Markets Morgan Stanley Barclays Capital Citi Deutsche Bank AG Jefferies & Co. |
26 16 12 10 10 10 |
Top Financial Advisors to North American Cable, Telecom, Broadcast and Internet Services Companies Years 2000 Through 2008 Ranked by Number of Announced M&A Transactions |
||
| Rank | Financial Advisor | Number of Deals |
| 1. 2. 3. 4. 5. |
RBC Daniels / RBC Capital Markets JP Morgan Credit Suisse Goldman Sachs & Co. Morgan Stanley |
400 255 208 191 172 |
* indicates a tie
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