Bradesco tops Brazil's M&A ranking, sees busy year for takeovers

viernes 15 de enero de 2016 15:06 GYT

* Value of Brazil's M&A deals slumped 30 pct last year

* Bradesco tops ranking helped by $5.2 bln HSBC deal

* Bankers see M&A rising as recession gains momentum

* Multiples show Brazilian assets not in a fire sale

By Guillermo Parra-Bernal and Tatiana Bautzer

SAO PAULO, Jan 15 (Reuters) - Banco Bradesco BBI SA, which ended last year as the top-ranked advisor for mergers and acquisitions in Brazil for the first time in nearly two decades, expects a worsening recession and weakening currency to fuel takeover activity in coming months.

In a year when Latin America's largest economy shrank the most in a quarter century and merger financing waned, Bradesco BBI boosted revenue from M&A advisory by 30 percent, showcasing the ability of CEO Renato Ejnisman and bankers Leandro Miranda and Alessandro Farkuh to clinch bigger and more complex deals.

The investment banking unit of Banco Bradesco SA, Brazil's second biggest private-sector bank, advised on $13.609 billion worth of deals last year, data compiled by Thomson Reuters deal intelligence showed on Friday.

It last topped local M&A rankings during a wave of state asset sales in 1997.   Continuación...