OPINION: An extraordinary $140 billion of deal-making in the first six months of 2022 has been accompanied by big shifts in the top M&A advisers, and Australia stands out from virtually every other major investment banking market.
A deal in December 2020 when it advised Lendi on the acquisition of the remaining 45 per cent of home loan broker Aussie.
This strategy recognises that strong relationships are worth little without the human capacity to execute deals and the capital to back it up The strong links between Barrenjoey and private equity are partly influenced by Barclays’s expertise in leveraged finance, thanks to its purchase of the rump of Lehman Brothers.
When Joe McGrath, chairman of investment banking at Barclays, visited Sydney last week, he told Barrenjoey’s senior executives it would have taken 15 years for Barclays Plc to build in Australia what Barrenjoey has achieved in 18 months.A league table has been dominated by Goldman Sachs, JPMorgan, Morgan Stanley, Bank of America, Jefferies and Citi for about a decade, according to Dealogic.
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