“Investment banking fees reached US$159.4 billion during full year 2021, posting a 22% increase compared to full year 2020 and the strongest annual period for global IB fees since records began in 2000. Fees during the fourth quarter of 2021 totaled US$39.4 billion, on par with the third quarter of this year. The Americas contributed 53% of all fees generated globally with US$84.7 billion, a 26% uptick compared to 2020 levels and the highest percentage since 2013. Imputed fees in the EMEA region increased 24% to US$35.4 billion during full year 2021, driven by year-over-year gains in the United Kingdom and France. Powered by a 10% increase in North Asia, total IB fees in Asia-Pacific and Japan hit US$39.3 billion with a 12% uptick compared to 2020,” comments, Matt Toole, Director, Deals Intelligence, Refinitiv
The below Refinitiv Deals Intelligence full year 2021 reports analyze global Investment Banking, M&A, Capital Markets, Syndicated Loans and Municipals activity along with a special supplemental overview of the SPAC market. Top highlights below.
- Global Investment Banking Review (view report here)
- Global Investment Banking Fees Set Full Year Record
- Record Fees Across All Investment Banking Products
- Top Three Banks Increase Collective Wallet Share by 2.2 Points
- M&A Financial Advisory Review
- Global M&A (view report here)
- Worldwide Deal Making Reaches US$5.9 Trillion Besting Full Year Record
- Private Equity Backed M&A Hits All-Time High; SPACs Account For 10% of Value
- Deals Between US$1-US$5 Billion Double; Mega Deals Up 30%
- Emerging Markets M&A (view report here)
- Emerging Markets Deal Making Up 39% to All-Time High
- China, India & Brazil Drive 55% of Emerging Market M&A
- Mega Deals Account for 18% of Announced Emerging Markets Value
- Global M&A (view report here)
- Global Equity Capital Markets Review (view report here)
- Global ECM Activity Up 19%; Breaks All-Time Record
- Global IPO's Top $400 Billion For Record Full Year Record
- Over 4,600 Secondary Offerings Come To Market; All-Time Record
- Supplemental overview into the SPAC​ Market for the full year 2021
- Global Debt Capital Markets Review (view report here)
- Global Debt Capital Markets Activity Down 3% To US$10.2 Trillion
- Investment Grade Corporate Debt Issuance Falls 6%
- Global High Yield Debt Pushes Past $600 Billion for All-Time Record
- Global Syndicated Loans Review (view report here)
- Global Syndicated Lending Up 49% to All-Time High
- Acquisition-Related Financing Up 70% to Three-Year High
- Real Estate, Consumer and Healthcare Lead Advancing Industries
- U.S. Municipals Public Finance Review (view report here)
- Municipal Bond Issuance Up 1% to All-Time High
- Taxable Municipal Bonds Decline 18% From 2020 Levels
- New Money Offerings Hit All-Time High; Refundings Fall 23%
Source: Refinitiv Deals Intelligence
