Apax tops $5.5bn global bank tables

Private equity firms accounted for 16 percent of all global investment banking revenues in the first six months of the year.

Apax Partners has led the rankings for private equity-generated investment banking revenues in the first half of 2006, according to figures from data provider Dealogic.
Global investment banking revenues from buyout firms in the first six months of 2006 totalled $5.5 billion (€4.29 billion), compared to $6.029 billion for the same period of 2005. So far this year, financial buyers have accounted for 16 percent of the $33.96 billion of revenues generated globally by investment banks.
Apax Partners generated the most revenues in the period – $291 million in total, of which Deutsche Bank was the chief benefactor with a 12 percent share, or $34 million. Goldman Sachs Capital Partners  and Kohlberg Kravis Roberts took second and third places with $243 million and $213 of revenues respectively, with Goldman Sachs taking the largest share of both.
Goldman Sachs also came second in terms of bank rankings for private equity-backed deals, with $499 million of revenues. JP Morgan came first, with Credit Suisse, Citigroup and Deutsche Bank rounding out the top five.
According to previous analysis by Dealogic, financial sponsors accounted for $11.9 billion of investment banking revenues in 2005, a 14 percent increase on the $10.4 billion generated in 2004, and the highest annual total to date.