Refinitiv Q1 2022: Ellex is ranked 1st M&A legal advisor in Eastern Europe
Ellex has been ranked 1st by deal count in the Eastern-European mid-market and small-cap market segments in Refinitiv’s newly published legal advisory league tables of the first quarter of 2022.
In addition, Ellex is the only Baltic law firm ranked in the Nordic involvement tables, ranked 6th in Mid-Market and 5th in small-cap market segment. It is a great recognition to be the highest-ranked Baltic law firm among the most reputable Nordic firms.
Some of our recent highlights in 2022 include advising
- IVC Evidensia’s, Europe’s largest veterinary services provider, acquisition of eight veterinary clinics in Estonia and Latvia
- Stockmann’s sale of its department store properties in Tallinn and Riga for €87 million
- Polenergia on the establishment of a joint venture with Green Genius
Announced league tables include all deals that were announced between January 1, 2022 and March 31, 2022 and of which Refinitiv was made aware. League tables include rank eligible mergers, acquisitions, repurchases, spin-offs, self-tenders, minority stake purchases and debt restructurings.
Mid-market deal making down 11% to two-year low
Global mid-market M&A deals valued up to US$500 million (including undisclosed value deals), reached US$277.8 billion during the first quarter of 2022, a decrease of 11% compared to year-ago levels and the slowest opening quarter for mid-market M&A since 2019. Mid-market transactions during the first quarter decreased 31% compared to the fourth quarter of last year, which ranked as the largest quarter for mid-market M&A since records began in 1980. By number of deals, mid-market deal making reached nearly 13,100 deals during the first quarter of 2022, a 14% decrease compared to a year ago and a two-year low.
Small-cap M&A deal making down 16%
Worldwide small-cap M&A deals valued up to US$50 million (including undisclosed value deals) reached US$49.4 billion during the first quarter of 2022, a decrease of 16% compared to a year ago and the slowest first quarter period for small-cap M&A since records began 2020. Small-cap M&A during the first quarter of 2022 decreased 19% compared to the fourth quarter of last year, while the number of deals also declined by 19% compared last year’s fourth quarter. By number of worldwide deals, small-cap deal making decreased 15% compared to the first quarter of 2021, hitting a two-year low.
More information on the latest global M&A market trends is available here:
Refinitiv rankings (formerly the Financial and Risk business of Thomson Reuters) are a recognition of the outstanding service provided by Ellex to its clients, which is based on our reputation and experience in the field built up over decades.
We advise on a wide range of matters related to public and private M&A with a particular focus on complex, cross-border transactions. Our experts have advised on major deals locally and globally, both as independent advisors and by working closely with the best law firms in Europe and beyond. More information about related projects and experts in this field can be found here.