Seeking Alpha

Morgan Stanley to take top spot in Japan M&A business

  • The tie-up with Mitsubishi UJF Financial (MTU) is paying off for Morgan Stanley (MS) which is set to take the top spot in Japanese M&A for the first time since 1997. The bank this year advised on 41 takeovers valued at $28.3B, according to Bloomberg, leading Goldman, Bank of America, and Nomura.
  • In equity offerings, the Morgan/Mitsubishi team is ranked 3rd this year - the same as 2012, and up from #5 in 2011.
  • MItsubishi bought a $9B stake in Morgan Stanley at about the height of the financial crisis, and now owns 22% of the company.
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