Annual Report - BNP Paribas

Corporate Finance
Corporate Finance offers advisory services for mergers and acquisitions and primary equity capital market
transactions. The M&A teams advise both buyers and targets and also offer advice on other strategic fi nancial
issues, such as privatisations. Primary capital market services include fl otations, equity issues, secondary
issue placements, and convertible/exchangeable bond issues.
Corporate Finance has implemented a matrix organisation designed to give clients access to the best combination
of specialists in each product, industry and geographical area, while optimising resource management.
Corporate Finance employs some 400 professionals located throughout its worldwide network. Focused fi rst
and foremost on Europe, it is also present in North and South America and enjoys strong visibility in Asia (with
more than 100 professionals) and in emerging countries.
Ranked no. 1 in France (source: Thomson Financial), BNP Paribas is among the leading banks in Europe
advising on mergers and acquisitions (ranked 10th in Europe according to Thomson based on transaction
volumes announced in 2007). The Dealogic Equityware/Thomson ranking placed the Bank among the
12 leading institutions for primary equity business in Europe.
Developing franchises
in Europe and Asia
2007: a record year in Mergers and Acquisitions
After the record results posted in 2006, the M&A market in Europe once
again reported a sharp increase in volumes (up 43% in terms of announced
transactions according to Thomson Financial).
In this fast-moving environment, BNP Paribas CIB reported robust activity
for its Corporate Finance business, strengthening its undisputed leadership
on the French market and stepping up its European expansion, particularly
by assisting clients in cross-border transactions:
in vibrant sectors such as:
- energy: Endesa/Enel-Acciona,
- consumer goods: Danone/Numico,
- real estate: Foncière des Régions/Beni Stabili, Accor/Moor Park Real
Estate Fund,
- insurance: Allianz’s acquisition of minority interests in AGF (the largest
transaction in the European insurance sector), Scor/Converium.
and through an array of other major deals: Air Liquide/Lurgi AG, Schneider/
American Power Corporation, Geodis/TFM (TNT Freight Management),
Tubos Reunidos/Condesa.
BNP Paribas CIB was also very active:
with private equity funds in the fi rst half of the year, notably on transactions
between: PAI partners/Lafarge Roofi ng Division, PAI partners/Saur, TDF/
Texas Pacifi c Group/Charterhouse, Apax Partners/Trader Media Group and
Dubai International Capital/Mauser Group.
on emerging markets, in particular:
- in central and eastern Europe: the privatisation of the Serbian insurance
company DDOR, HTCC’s acquisition of Invitel in Hungary, and the
reorganisation of the hydropower group RusHydro;
- in Latin America: Colinversiones’ acquisition of a power plant in Columbia
and the Mexican government agency IPAB’s sale of its AeroMexico
holdings.
BNP Paribas Annual Report 2007 /////// Corporate & Investment Banking
BNP Paribas, Paris
BNP Paribas, Madrid
32_33