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Sunday, 15 May 2016

EFG Hermes, Akanar Partners rank #2 in MENA ECM fees for 1Q2016, according to Thomson Reuters league table

EFG Hermes and Akanar tied for second on Thomson Reuters’ Middle East Fee Rankings for 1Q2016 with a market share of fees of just over 30%. EFG Hermes rose to second this year from sixth in the same quarter of last year, thanks to Domty’s public offering on the EGX, while Akanar made its debut thanks to the same transaction. Sambacapital topped the league table. EFG Hermes and Akanar also shared second place behind Samba on Reuters’ Middle Eastern ECM Ranking for 1Q2016 with a market share of 27.8%. According to the Reuters league table, there were only three equity capital market transactions across the entire region in the first quarter, two of them IPOs.Domty topped the list, with TR saying it raised USD 126.6 mn through the offering. EFG Hermes was sole global coordinator and bookrunner for the Domty transaction; Akanar was financial advisor.The full league table is available here in pdf.

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