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.
Â
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.
Â
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.
Â
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.
Â
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.
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.