|BEST BANK: Fortis Banque Luxembourg
BEST M&A HOUSE: Deutsche Bank
M&A activity in Luxembourg is dominated by the business of one firm, Arcelor, a fact that has been even more pronounced this year thanks to the Mittal Steel takeover attempt.
Deutsche Bank has advised Arcelor on a number of deals and is one of the banks that is playing a leading role in the company’s defence against Mittal and in its bid for Canada’s Dofasco. Deutsche is also Arcelor’s lead adviser on the company’s stake-building in Brazilian steel manufacturer Acestia and in Turkish steel company Erdemir.
Deutsche has also been prominent in other deals in the Grand Duchy over the past 12 months, most notably as co-adviser to SBS Broadcasting on its takeover approach by KKR and Permira.