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Q1 2016 League Tables Analysis
NEW FOR 2016
• Infrastructurefinanceleaguetablescombiningproject,corporateandnon-commercialfinance
• Globalcorporatefinanceleaguetables
• ComparisonswithQ12015rankingsinourglobalprojectfinanceleaguetables
/2 ijglobal.com
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GLOBAL PROJECT FINANCE TRANSACTION VALUE Q1 2016
GLOBAL PROJECT FINANCE TRANSACTION COUNT Q1 2016
$m
0
20000
40000
60000
80000
100000
120000
Value ($m) Source: IJGlobal
2010Q4
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
2014Q3
2015Q1
2015Q2
2015Q3
2015Q4
2014Q4
2016Q1
Count Source: IJGlobal
Count
2010Q4
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
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2014Q3
2015Q1
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2015Q3
2015Q4
2014Q4
2016Q1
100
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GLOBAL TOP PROJECT FINANCE TRANSACTIONS Q1 2016
Sector Transaction Value (US$m) Location Financial Close
Transport ChicagoSkywayTollRoadConcessionCompanyAcquisitionPPP 2,936 UnitedStates 25February2016
Oil&Gas SabinePassLNGandCreoleTrailPipelineRefinancing2016 2,800 UnitedStates 29February2016
Transport OsakaandNewKansaiInternationalAirportsPrivatisation 2,309 Japan 01March2016
Power,Mining TharCoalMineandCoal-FiredPowerPlant(660MW)Phase1 2,016 Pakistan 19February2016
Oil&Gas ItalGasStorageFacilityPPP 1,374 Italy 28January2016
Transport LondonCityAirportAcquisition2016 1,170 UnitedKingdom 10March2016
Power CPVTowanticEnergyCombined-CycleGas-FiredPlant(785MW) 1,145 UnitedStates 11March2016
Power RyadhPP11Gas-FiredPowerPlant(1730MW)Refinancing 1,138 SaudiArabia 01March2016
Oil&Gas Sodeco'sSakhalinIPhase2Financing 900 Russia 22March2016
Transport Enaitinere'sRefinancing2015 849 Spain 16February2016
Europe largest region for Q1 infrastructure financeOil and gas biggest sectorEuropeantransactionsaccountedfor$37.97billionofglobalinfrastructurefinanceinthefirstthreemonthsof2016,35%oftheglobal$109.44billionandthelargestportion,accordingtoIJGlobaldata.Bydealcount,46%ofalltransactionswereinEurope.
Oilandgasaccountedfor$39.22billion,or37%,ofQ1infrastructurefinance,anewcategoryintheIJGloballeaguetablesthatcombinesproject,corporateandnon-commercialfinance.Butabouthalfofthiscomprisedadditionalborrowingorrefinancingasthedeclineinoilpricespressuredearnings.Mostoftheseborrowersweremid-orupstreamfirms.
PROJECT FINANCE
ThetotalvalueofglobalQ1projectfinancetotalled$40.5billion,down22.3%comparedtopreliminaryfiguresreportedatthistimelastyearandreflectingthestateofthemarketasknownthen.OilandgasactivitystalledsharplyinrecentmonthsandEuropeandAsiaPacificreversedseveralquartersofsustainedgrowth.Dealcountfell14%annuallyinthefirstthreemonthscomparedtotheQ12015preliminaryfigures.
/3ijglobal.com
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GLOBAL PROJECT FINANCE VALUE BY SOURCE OF FUNDING Q1 2016
0
25000
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$m
Bank loans IFI Government Support Bonds Equity Source: IJGlobal
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Primary Financing Refinancing Asset acquisition Source: IJGlobal
GLOBAL PROJECT FINANCE VALUE BY FINANCING PURPOSE Q1 2016
Loans comprised 73.8% of Q1 project finance
NEW LEAGUE TABLESIJGloballeaguetableshavebecomemorereflectiveofthegrowingroleofcorporatefinanceinglobalinfrastructurebyintroducingthenewinfrastructurefinanceleaguetables,whichcombineproject,corporate(excludingM&A)andnon-commercialfinance(p5).Wewillnowpublishtheglobaltablesforinfrastructure,projectandcorporatefinanceeachquarter.
FUNDING BY SOURCE
Bothbankandbonddebtcontinuedtogrowasapercentageofoverallprojectfinancing.Loanscomprised73.8%ofQ1projectfinance,thehighestlevelsinceQ12011.Bondsrepresented10.6%,a12-monthhigh.Fordevelopmentfinanceinstitutions,thetrendhasgonetheotherway.Theylentonly2.9%oftotalprojectfinanceinQ1,thelowestlevelinmorethanfiveyears.
REGIONS AND SECTORS
ProjectfinancetransactionvalueinEuropeduringQ1totalled$15.05billion,thelargesttotalofanyregion.Thatcomparesto$12.63billionreportedatthistimelastyear.Transportwasthelargestsectorduringthequarter,followedbyoilandgas,andrenewables.Oilandgasrosedramaticallyonyearto$3.59billionfrom$11millioninQ12015,whilerenewablesfell19%overtheperiodto$3.44billion.
EuropewasfollowedbyNorthAmerica,whichhadatotalvalueof$12.33billion,andAsiaPacific($8.58billion).
Transportwasthelargestsectorglobally,with$11.32billioninprojectfinancelendinginQ1.Thatlevelfellfromthepreliminaryfigureof$15.91billionreportedforQ12015.InQ12016,transportwasfollowedbyoilandgas($7.78billion)andrenewables($7.7billion).
/4 ijglobal.com
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Download the data PROJECT FINANCE DEBT-EQUITY RATIOS
EquityDebtSource: IJGlobal
2015 Q1 2015 Q2 2015 Q3 2015 Q4 2016 Q1
86%
14%
81%
19%
79%
21%
85%
15%
87%
13%
Source: IJGlobal
6.0
8.0
10.0
12.0
Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015
Years
Q4 2015
13.0
Q1 2016
PROJECT FINANCE SENIOR LOAN TENOR
MOST LEVERAGED PROJECT FINANCE PRIMARY FINANCINGS
Sector Deal Name Location Debt ($m) Equity ($m) Debt-Equity Ratio
Social&Defence UKMilitaryFlyingTrainingSystem(UKMFTS)PFI2016 UnitedKingdom 741 31 96:4
Transport PrincessBeatrixSeaLockPPP Netherlands 197 12 94:6
Social&Defence CampusCondorcetPPPPhase1 France 172 11 94:6
Transport WestLafayetteStateStreetRedevelopmentPPP UnitedStates 66 5 93:7
Social&Defence DalbeattieLearningCampusPPP UnitedKingdom 39 3 92:8
Social&Defence NewbattleHighSchoolPPP UnitedKingdom 53 5 92:8
Social&Defence KelsoHighSchoolPPP UnitedKingdom 34 3 91:9
Social&Defence AyrAcademyPPP UnitedKingdom 38 4 91:9
Social&Defence ElginHighSchoolPPP UnitedKingdom 36 4 90:1
Transport N25NewRossBypassPPPBondFinancing(17.3KM) Ireland 158 18 90:1
/5
IJGlobal’s League Tables Analysis Q1 2016
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FINANCIAL ADVISERS LEGAL ADVISERS
Global league tables Infrastructure finance Q1 2016Project, corporate and non-commercial finance
Rank Company Total ($m) Deal Count
1 SumitomoMitsuiFinancialGroup 7,300 2
2 RoyalBankofCanada 4,707 3
3 GoldmanSachs 3,586 2
4 CreditSuisse 3,252 3
5 Ernst&Young 2,317 6
6 BNPParibas 2,150 1
7 PwC 1,611 5
8 KPMG 1,536 7
9 ArcusFinancialAdvisors 1,374 1
10 BankofAmerica 1,170 1
Rank Company Total ($m) Deal Count
1 CliffordChance 15,812 21
2 Allen&Overy 15,086 18
3 Ashurst 10,587 12
4 Milbank,Tweed,Hadley&McCloy 9,418 16
5 Linklaters 9,405 13
6 White&Case 8,552 6
7 Shearman&Sterling 6,943 5
8 Chadbourne&Parke 6,348 11
9 Latham&Watkins 5,366 6
10 WatsonFarley&Williams 3,638 11
MLAs
Rank Company Total ($m) Deal Count
1 MitsubishiUFJFinancialGroup 4,215 41
2 SumitomoMitsuiFinancialGroup 3,846 35
3 INGGroup 2,092 24
4 MizuhoFinancialGroup 1,998 15
5 CreditAgricoleGroup 1,945 23
6 SocieteGenerale 1,598 16
7 HSBC 1,530 14
8 Natixis 1,341 12
9 BNPParibas 1,121 13
10 JPMorgan 1,076 6
SPONSORS
Rank Company Total ($m) Deal Count
1 Pemex 7,469 2
2 OmanOilRefineriesandPetroleumIndustries 6,300 1
3 LundinPetroleum 4,303 1
4 AbuDhabiNationalOilCompany(ADNOC) 3,300 1
5 EurasianResourcesGroup(ERG) 3,000 1
6 CheniereEnergy 2,800 1
7 BrookfieldAssetManagement 2,358 4
8 ComcastCorporation 2,250 1
9 Caruna 2,150 1
10 KinderMorganEnergyPartners 2,000 1
BOND ARRANGERS
Rank Company Total ($m)
Deal Count
1 RoyalBankofCanada 3,089 11
2 BankofAmerica 2,167 5
3 JPMorgan 1,955 6
4 Santander 1,582 2
5 BBVA 1,250 1
6 WellsFargo 939 4
7 SocieteGenerale 899 2
8 DeutscheBank 862 3
9 CreditAgricoleGroup 841 2
10 HSBC 741 1
DFIs
Rank Company Total ($m)
Deal Count
1 JapanBankforInternationalCooperation
3,011 4
2 EuropeanInvestmentBank 633 4
3 EuropeanBankforReconstructionandDevelopment
509 3
4 ExportDevelopmentCanada 477 5
5 KfW 473 5
6 Export-ImportBankofKorea 310 2
7 InternationalFinanceCorporation
274 4
8 ChinaDevelopmentBank 274 1
9 OverseasPrivateInvestmentCorporation
250 1
10 KoreaDevelopmentBank 236 4
TECHNICAL ADVISERS
Rank Company Total ($m)
Deal Count
1 LummusConsultantsInternational
2,800 1
2 Arup 1,920 4
3 TYPSAIngenierosConsultoresyArquitectos
1,499 2
4 Fichtner 1,374 1
5 DNVGL 1,222 8
6 Infrata 882 1
7 AECOM 655 4
8 MottMacDonald 630 4
9 Atkins 599 1
10 AltusGroup 478 1
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/6 ijglobal.com
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MLAs BOND ARRANGERS
Global league tables Project finance Q1 2016Now with comparisons to Q1 2015 ranking
Rank Company Total ($m)
Deal count
Change in rank
1 MitsubishiUFJFinancialGroup 2,628 32
2 SumitomoMitsuiFinancialGroup 2,527 27
3 MizuhoFinancialGroup 1,417 11
4 CreditAgricoleGroup 1,210 17
5 SocieteGenerale 833 10 +10s
6 NordLB 734 16 +20s
7 HSBC 721 8
8 Santander 685 10 -2t
9 IntesaSanPaolo 678 6 +32s
10 INGGroup 662 10 +2s
Rank Company Total ($m)
Deal count
Change in rank
1 RoyalBankofCanada 1,112 3 +1s
2 GoldmanSachs 482 2
3 JPMorgan 440 3 +1s
4 Santander 332 1 +29s
5 BankofthePhilippineIslands 225 1
6 Barclays 217 3 +28s
7 SocieteGenerale 158 1 +4s
8 Citigroup 151 2 +22s
9 Casgrain 137 2
= Scotiabank 137 2 -4t
DFIs
Rank Company Total ($m)
Deal count
Change in rank
1 JapanBankforInternationalCooperation 718 2
2 EuropeanInvestmentBank 350 3
3 ChinaDevelopmentBank 274 1
4 Inter-AmericanDevelopmentBank 217 2 +22s
5 ExportDevelopmentCanada 216 3 +5s
6 KfW 187 3 -3t
7 InternationalFinanceCorporation 166 2 -2t
8 BankNederlandseGemeenten 93 1
9 DevelopmentBankofJapan 92 1 +14s
10 IslamicDevelopmentBank 76 1 +6s
FINANCIAL ADVISERS
Rank Company Total ($m)
Deal Count
Change in rank
1 RoyalBankofCanada 4,106 2 +6s
2 GoldmanSachs 3,586 2 +15s
3 PwC 1,611 5 +2s
4 ArcusFinancialAdvisors 1,374 1
5 KPMG 1,195 6 +6s
6 Ernst&Young 1,189 4 -2t
7 BankofAmerica 1,170 1
= CreditSuisse 1,170 1
9 Deloitte 1,096 6 +27s
10 MitsubishiUFJFinancialGroup 805 2 +7s
LEGAL ADVISERS
Rank Company Total ($m)
Deal Count
Change in rank
1 CliffordChance 8,998 15 +2s
2 Linklaters 5,522 9 +5s
3 Latham&Watkins 4,986 5 +2s
4 Allen&Overy 4,657 13 +4s
5 Milbank,Tweed,Hadley&McCloy 3,892 8 -4t
6 Chadbourne&Parke 3,531 4 +4s
7 Shearman&Sterling 3,167 2 +27s
8 PinsentMasons 3,029 12 +28s
9 Sullivan&Cromwell 2,976 2 +20s
10 Ashurst 2,773 8 +1s
Rank Company Total ($m)
Deal Count
Change in rank
1LummusConsultantsInternational
2,800 1
2 Arup 1,794 3 +2s
3TYPSAIngenierosConsultoresyArquitectos
1,499 2
4 Fichtner 1,374 1 +12s
5 AECOM 655 4 +10s
6 MottMacDonald 630 4 -3t
7 Atkins 599 1
8 DNVGL 492 6 +24s
9 AltusGroup 478 1
10 BTYGroup 471 2 -1t
TECHNICAL ADVISERS
Rank Company Total ($m)
Deal Count
Change in rank
1 CheniereEnergy 2,800 1
2 OntarioTeachers'PensionPlan 1,271 2 +19s
3 MorganStanley 1,271 1
4 ItinereInfraestructuras 1,228 1
5
OntarioMunicipalEmployeesRetirementSystem(OMERS)
979 1
=CanadaPensionPlanInvestmentBoard
979 1
7 Vinci 942 2
8 OrixCorporation 924 1
9 ArclightCapitalPartners 839 1 +191s
10 InterconexionElectrica 771 1
SPONSORS
SamerankingasQ12015NotrankedinQ12015
New feature
IJGlobal’s League Tables Analysis Q1 2016Download the data
/7ijglobal.com
FINANCIAL ADVISERS LEGAL ADVISERS
Global league tables Corporate finance Q1 2016
MLAs SPONSORS
Rank Company Total ($m) Deal Count
1 LundinPetroleum 4,303 1
2 EurasianResourcesGroup(ERG) 3,000 1
3 Pemex 2,469 1
4 ComcastCorporation 2,250 1
5 Caruna 2,150 1
6 BrookfieldAssetManagement 2,121 2
7 KinderMorganEnergyPartners 2,000 1
8 CharterCommunications 1,700 1
9 SunEdison 1,398 2
10 Transdev 1,345 1
Rank Company Total ($m) Deal Count
1 BNPParibas 2,150 1
2 CreditSuisse 2,082 2
3 Ernst&Young 1,127 2
4 SumitomoMitsuiFinancialGroup 1,000 1
5 CreditAgricoleGroup 688 1
6 RoyalBankofCanada 601 1
7 KPMG 341 1
= Infranode 341 1
9 KeyBank 300 1
10 JPMorgan 226 1
Rank Company Total ($m) Deal Count
1 CliffordChance 5,414 5
2 Milbank,Tweed,Hadley&McCloy 4,555 7
3 Ashurst 4,514 3
4 Linklaters 3,883 4
5 WatsonFarley&Williams 3,105 7
6 Allen&Overy 2,450 2
7 DLAPiper 1,502 2
8 King&WoodMallesons 1,426 1
= Allens 1,426 1
10 Chadbourne&Parke 1,337 6
Rank Company Total ($m) Deal Count
1 INGGroup 1,281 12
2 Nordea 913 5
3 SkandinaviskaEnskildaBanken 763 6
4 ABNAMROBank 687 4
5 BNPParibas 620 6
6 Citigroup 570 5
7 MitsubishiUFJFinancialGroup 564 6
8 JPMorgan 518 3
9 SocieteGenerale 510 5
10 DeutscheBank 510 4
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/9 ijglobal.com
Europe league tablesQ1 2016
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EUROPE TOP LEGAL ADVISERS
EUROPE TOP FINANCIAL ADVISERS
EUROPE TOP TECHNICAL ADVISERS
Rank Company Total ($m)
Deal count
1 Fichtner 1,374 1
2 Arup 1,143 2
3 TYPSAIngenieros
ConsultoresyArquitectos
849 1
4 MottMacDonald 611 3
5 Atkins 599 1
6 DNVGL 492 6
7 BTYGroup 400 1
8 SteerDaviesGleave 386 2
9 TolvikConsulting 306 1
10 OSTEnergy 216 1
EUROPE SPONSORS EUROPE MLAs
Rank Company Total US$ m Deal count
1 MorganStanley 1,271 1
2 ItinereInfraestructuras 1,228 1
3 ArclightCapitalPartners 839 1
4 Cintra 530 1
5 YDAGrup 400 1
6 Macquarie 384 1
7 KuwaitInvestmentAuthority 292 1
= BorealisInfrastructure 292 1
= AlbertaInvestmentManagement 292 1
= OntarioTeachers'PensionPlan 292 1
Rank Company Total ($m) Deal count
1 MitsubishiUFJFinancialGroup 887 10
2 SumitomoMitsuiFinancialGroup 677 7
3 NordLB 648 14
4 CreditAgricoleGroup 587 7
5 Santander 505 6
6 INGGroup 457 6
7 IntesaSanPaolo 430 4
8 SocieteGenerale 412 5
9 RoyalBankofScotland 349 5
10 Natixis 307 3
EUROPE PROJECT FINANCE TRANSACTION VALUE Q1 2016
EUROPE PROJECT FINANCE TRANSACTION COUNT Q1 2016
$m
0
5000
10000
15000
20000
25000
30000
Value ($m) Source: IJGlobal
2010Q4
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
2014Q3
2015Q1
2015Q2
2015Q3
2015Q4
2014Q4
2016Q1
Count Source: IJGlobal
Count
2010Q4
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
2014Q3
2015Q1
2015Q2
2015Q3
2015Q4
2014Q4
2016Q1
30
60
90
120
150
Rank Company Total ($m)
Deal count
1 ArcusFinancialAdvisors 1,374 1
2 PwC 1,359 4
3 Ernst&Young 1,189 4
4 BankofAmerica 1,170 1
= CreditSuisse 1,170 1
= RoyalBankofCanada 1,170 1
7 Deloitte 1,096 6
8 BDOInternational 796 2
9 KPMG 647 4
10 MitsubishiUFJFinancial
Group
599 1
Rank Company Total ($m)
Deal count
1 Allen&Overy 4,035 10
2 Linklaters 3,506 8
3 CliffordChance 3,397 6
4 Ashurst 2,040 6
5 DLAPiper 1,857 8
6 GianniOrigoniGrippo&
Partners
1,465 2
7 BonelliEredePappalardo 1,374 1
8 NortonRoseFulbright 1,285 4
9 SlaughterandMay 1,170 1
10 PinsentMasons 1,013 11
/10ijglobal.com
North America league tablesQ1 2016
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NORTH AMERICA TOP FINANCIAL ADVISERS
NORTH AMERICA TOP BOND ARRANGERS
Rank Company Total ($m)
Deal count
1 RoyalBankofCanada 1,112 3
2 Barclays 217 3
3 Citigroup 151 2
4 Scotiabank 137 2
= Casgrain 137 2
6 BankofAmerica 108 2
= JPMorgan 108 2
8 GeorgeK.Baum 65 1
= WellsFargo 65 1
10 Toronto-DominionBank* 43 1
NORTH AMERICA SPONSORS NORTH AMERICA MLAs
Rank Company Total ($m) Deal count
1 CheniereEnergy 2,800 1
2 CanadaPensionPlanInvestmentBoard 979 1
= OntarioMunicipalEmployeesRetirement
System(OMERS)
979 1
4 OntarioTeachers'PensionPlan 979 1
5 GlobalInfrastructurePartners 584 1
6 GeneralElectricCompany 561 1
7 NexteraEnergy 401 2
8 FirstReserve 344 1
9 Invenergy 334 1
10 Edgemoor 327 1
Rank Company Total ($m) Deal count
1 MitsubishiUFJFinancialGroup 991 14
2 SumitomoMitsuiFinancialGroup 631 7
3 MorganStanley 534 2
4 MizuhoFinancialGroup 343 4
5 SocieteGenerale 320 2
6 ABNAMROBank 270 1
7 Investec 250 1
8 BankofAmerica 250 3
9 HSBC 228 2
10 CreditAgricoleGroup 221 5
NORTH AMERICA FINANCE TRANSACTION VALUE Q1 2016
NORTH AMERICA FINANCE TRANSACTION COUNT Q1 2016
$m
0
10000
20000
30000
40000
50000
Value ($m) Source: IJGlobal
2010Q4
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
2014Q3
2015Q1
2015Q2
2015Q3
2015Q4
2014Q4
2016Q1
Count Source: IJGlobal
Count
2010Q4
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
2014Q3
2015Q1
2015Q2
2015Q3
2015Q4
2014Q4
2016Q1
10
20
30
40
50
60
70
80
Rank Company Total ($m)
Deal count
1 GoldmanSachs 2,936 1
= RoyalBankofCanada 2,936 1
3 Whitehall&Company 605 1
4 KPMG 548 2
5 Scotiabank 478 1
6 ParagonCapital
Management
344 1
7 ProjectFinanceAdvisory 327 1
= PublicFinancial
Management
327 1
9 PwC 252 1
= Investec 252 1
= BrookfieldAssetManagement
251 1
NORTH AMERICA TOP LEGAL ADVISERS
Rank Company Total ($m)
Deal count
1 Latham&Watkins 4,986 5
2 Chadbourne&Parke 3,394 3
3 Shearman&Sterling 3,167 2
4 Sullivan&Cromwell 2,936 1
5 Milbank,Tweed,Hadley&McCloy
1,838 4
6 MurthaCullina 1,145 1
= Crowell&Moring 1,145 1
= BrownRudnick 1,145 1
9 DaviesWardPhillips&Vineberg
730 2
10 NixonPeabody 605 1
= PierceAtwood 605 1*Tiedfor10thplace:NationalBankofCanada;BankofMontreal;AltaCorpCapitalInc.;BNPParibas;CaisseCentraleDesjardins;CanadianImperialBankofCommerce
/11 ijglobal.com
Asia Pacific league tablesQ1 2016
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ASIA PACIFIC SPONSORS ASIA PACIFIC MLAs
Rank Company Total ($m) Deal count
1 OrixCorporation 924 1
= Vinci 924 1
3 KobeSteelCorporation 679 1
4 PlenaryGroup 538 1
5 Others 462 1
6 ProvinceofSindh 336 1
= ThalLimited 336 1
= Engro 336 1
= HabibBank 336 1
= HubPower 336 1
= ChinaMachineryEngineeringCorporation(CMEC)
336 1
Rank Company Total ($m) Deal count
1 SumitomoMitsuiFinancialGroup 782 9
2 MizuhoFinancialGroup 728 4
3 MitsubishiUFJFinancialGroup 537 5
4 CreditAgricoleGroup 279 4
5 CommonwealthBankofAustralia 253 3
6 PrivateFinanceInitiativePromotion
CorporationofJapan(PFIPCJ)
178 1
7 FaysalBank 176 1
= HabibBank 176 1
= AlfalahBank 176 1
= UnitedBankLimitedofPakistan 176 1
ASIA PACIFIC PROJECT FINANCE TRANSACTION VALUE Q1 2016
ASIA PACIFIC PROJECT FINANCE TRANSACTION COUNT Q1 2016
$m
0
10000
20000
30000
40000
50000
Value ($m) Source: IJGlobal
2010Q4
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
2014Q3
2015Q1
2015Q2
2015Q3
2015Q4
2014Q4
2016Q1
Count Source: IJGlobal
Count
2010Q4
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
2014Q3
2015Q1
2015Q2
2015Q3
2015Q4
2014Q4
2016Q1
20
30
40
50
60
70
80
ASIA PACIFIC LEGAL ADVISERS
Rank Company Total ($m) Deal count
1 CliffordChance 3,272 4
2 NagashimaOhno&Tsunematsu 2,309 1
3 MoshinTayebaly&Co 2,016 1
= Linklaters 2,016 1
= Haidermota&Co 2,016 1
= PinsentMasons 2,016 1
7 King&WoodMallesons 878 2
8 HerbertSmithFreehills 744 2
= Allens 744 2
10 Ashurst 663 1
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/12ijglobal.com
Latin America league tablesQ1 2016
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LATIN AMERICA SPONSORS LATIN AMERICA MLAs
Rank Company Total ($m) Deal count
1 InterconexionElectrica 771 1
2 ElCondor 312 1
3 Klabin 300 1
4 GrupoR 268 1
5 Colbun 187 1
6 MarioHuertasCotes 169 1
= MecoConstructors 169 1
8 Invenergy 135 1
9 AbuDhabiInvestmentAuthority 132 1
10 BowPower 123 1
Rank Company Total ($m) Deal count
1 SumitomoMitsuiFinancialGroup 295 3
2 MitsubishiUFJFinancialGroup 173 2
3 BBVA 164 2
4 BancoEstado 134 1
5 HSBC 130 2
6 Santander 124 2
7 Natixis 123 1
= CreditAgricoleGroup 123 1
9 Citigroup 122 1
= Scotiabank 122 1
LATIN AMERICA PROJECT FINANCE TRANSACTION VALUE Q1 2016
LATIN AMERICA PROJECT FINANCE TRANSACTION COUNT Q1 2016
$m
0
3000
6000
9000
12000
15000
Value ($m) Source: IJGlobal
2010Q4
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
2014Q3
2015Q1
2015Q2
2015Q3
2015Q4
2014Q4
2016Q1
Count Source: IJGlobal
Count
2010Q4
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
2014Q3
2015Q1
2015Q2
2015Q3
2015Q4
2014Q4
2016Q1
5
10
15
20
25
30
35
LATIN AMERICA LEGAL ADVISERS
Rank Company Total ($m) Deal count
1 Milbank,Tweed,Hadley&McCloy 2,055 4
2 CliffordChance 1,190 4
3 BarrosyErrazurizAbogados 771 1
= Brigard&Urrutia 771 1
= MoralesyBesa 771 1
= MayerBrown 771 1
7 TaboadaHoyosyAsociadosS.A.S. 650 1
= Holland&Knight 650 1
9 EstudioGrauAbogados 366 1
10 DiasCarneiroAdvogados 316 2
You can find our Q1 2016 league tables for Sub-Saharan Africa and MENA at ijglobal.com
/14 ijglobal.com
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/15 ijglobal.com
Oil & Gas league tablesQ1 2016
Download the data
OIL & GAS SPONSORS OIL & GAS MLAs
Rank Company Total ($m) Deal count
1 CheniereEnergy 2,800 1
2 MorganStanley 1,271 1
3 ArclightCapitalPartners 839 1
4 Macquarie 384 1
5 ICILMaritimeLeasing(International)
Company
316 1
6 CanadianNaturalResources 298 1
= NorthWestUpgrading 298 1
8 GrupoR 268 1
9 QICGlobalInfrastructure 206 1
10 Marubeni 180 1
Rank Company Total ($m) Deal count
1 MitsubishiUFJFinancialGroup 537 3
2 CreditAgricoleGroup 497 4
3 IntesaSanPaolo 423 2
4 MizuhoFinancialGroup 420 3
5 SumitomoMitsuiFinancialGroup 353 2
6 BankofAmerica 352 2
7 SocieteGenerale 351 2
8 INGGroup 272 3
9 ABNAMROBank 270 1
10 RoyalBankofCanada 217 1
OIL & GAS PROJECT FINANCE TRANSACTION VALUE Q1 2016
OIL & GAS PROJECT FINANCE TRANSACTION COUNT Q1 2016
$m
0
10000
20000
30000
40000
50000
60000
Value ($m) Source: IJGlobal
2010Q4
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
2014Q3
2015Q1
2015Q2
2015Q3
2015Q4
2014Q4
2016Q1
Count Source: IJGlobal
Count
2010Q4
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
2014Q3
2015Q1
2015Q2
2015Q3
2015Q4
2014Q4
2016Q1
5
10
15
20
25
30
OIL & GAS LEGAL ADVISERS OIL & GAS BOND ARRANGERS
Rank Company Total ($m) Deal count
1 Chadbourne&Parke 2,800 1
= Latham&Watkins 2,800 1
3 GianniOrigoniGrippo&Partners 1,374 1
= BonelliEredePappalardo 1,374 1
5 CliffordChance 1,064 3
6 Linklaters 839 1
7 Ashurst 480 1
8 NortonRoseFulbright 316 1
9 Milbank,Tweed,Hadley&McCloy 268 1
10 HerbertSmithFreehills 206 1
= Allens 206 1
Rank Company Total ($m) Deal count
1 CreditAgricoleGroup 100 1
= GoldmanSachs 100 1
3 JPMorgan 43 1
= NationalBankofCanada 43 1
= RoyalBankofCanada 43 1
= Scotiabank 43 1
= Toronto-DominionBank 43 1
= AltaCorpCapitalInc. 43 1
= BankofAmerica 43 1
= BankofMontreal 43 1
= Barclays 43 1
= BNPParibas 43 1
= CaisseCentraleDesjardins 43 1
= CanadianImperialBankofCommerce 43 1
= Casgrain 43 1
= Citigroup 43 1
/16ijglobal.com
Renewables league tablesQ1 2016
Download the data
RENEWABLES SPONSORS RENEWABLES MLAs
Rank Company Total ($m) Deal count
1 Invenergy 469 2
2 NexteraEnergy 401 2
3 FirstReserve 344 1
4 StarwoodCapital 315 1
5 BerkshireHathaway 301 1
6 Klabin 300 1
7 Sunrun 250 1
8 MitsubishiCorp 243 1
= Eneco 243 1
10 Elecnor 236 1
Rank Company Total ($m) Deal count
1 MitsubishiUFJFinancialGroup 823 15
2 SumitomoMitsuiFinancialGroup 377 9
3 Investec 356 2
4 MorganStanley 334 1
5 NordLB 311 7
6 NationalAustraliaBank 263 3
7 HSHNordbank 211 3
8 RoyalBankofScotland 194 3
9 IntesaSanPaolo 181 3
10 MizuhoFinancialGroup 173 4
RENEWABLES PROJECT FINANCE TRANSACTION VALUE Q1 2016
RENEWABLES PROJECT FINANCE TRANSACTION COUNT Q1 2016
$m
0
5000
10000
15000
20000
25000
Value ($m) Source: IJGlobal
2010Q4
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
2014Q3
2015Q1
2015Q2
2015Q3
2015Q4
2014Q4
2016Q1
Count Source: IJGlobal
Count
2010Q4
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
2014Q3
2015Q1
2015Q2
2015Q3
2015Q4
2014Q4
2016Q1
40
60
80
100
120
RENEWABLES LEGAL ADVISERS RENEWABLES TECHNICAL ADVISERS
Rank Company Total ($m) Deal count
1 CliffordChance 759 3
2 Chadbourne&Parke 731 3
3 Milbank,Tweed,Hadley&McCloy 693 3
4 NortonRoseFulbright 686 3
5 DLAPiper 530 7
6 Allen&Overy 501 2
7 Latham&Watkins 436 2
8 Winston&Strawn 405 2
9 Morrison&Foerster 384 2
10 Eversheds 352 2
Rank Company Total ($m) Deal count
1 DNVGL 492 6
2 MottMacDonald 306 1
= TolvikConsulting 306 1
4 OSTEnergy 216 1
5 Everoze 204 2
6 EOSConsulting 200 1
7 SgurrEnergy 180 1
8 NaturalPower 157 3
9 Leidos 134 1
10 Procesl 23 1
/17 ijglobal.com
Power league tablesQ1 2016
Download the data
POWER SPONSORS POWER MLAs
Rank Company Total ($m) Deal count
1 InterconexionElectrica 771 1
2 KobeSteelCorporation 679 1
3 GlobalInfrastructurePartners 584 1
4 SaudiElectricityCompany(SEC) 569 1
5 GeneralElectricCompany 561 1
6 Engro 336 1
= ChinaMachineryEngineeringCorporation
(CMEC)
336 1
= ThalLimited 336 1
= HabibBank 336 1
= HubPower 336 1
= ProvinceofSindh 336 1
Rank Company Total ($m) Deal count
1 SumitomoMitsuiFinancialGroup 707 7
2 MitsubishiUFJFinancialGroup 568 7
3 MizuhoFinancialGroup 433 2
4 CreditAgricoleGroup 222 3
5 FaysalBank 176 1
= AlfalahBank 176 1
= HabibBank 176 1
= UnitedBankLimitedofPakistan 176 1
9 Natixis 173 2
10 INGGroup 168 3
POWER PROJECT FINANCE TRANSACTION VALUE Q1 2016
POWER PROJECT FINANCE TRANSACTION COUNT Q1 2016
$m
0
5000
10000
15000
20000
25000
Value ($m) Source: IJGlobal
2010Q4
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
2014Q3
2015Q1
2015Q2
2015Q3
2015Q4
2014Q4
2016Q1
Count Source: IJGlobal
Count
2010Q4
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
2014Q3
2015Q1
2015Q2
2015Q3
2015Q4
2014Q4
2016Q1
15
20
25
30
35
40
POWER LEGAL ADVISERS
Rank Company Total ($m) Deal count
1 Linklaters 2,281 2
= PinsentMasons 2,281 2
3 Milbank,Tweed,Hadley&McCloy 2,281 3
4 MoshinTayebaly&Co 2,016 1
= Haidermota&Co 2,016 1
6 Latham&Watkins 1,750 2
7 CliffordChance 1,338 2
8 Crowell&Moring 1,145 1
= BrownRudnick 1,145 1
= MurthaCullina 1,145 1
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/18ijglobal.com
Transport league tablesQ1 2016
Download the data
TRANSPORT SPONSORS TRANSPORT MLAs
Rank Company Total ($m) Deal count
1 OntarioTeachers'PensionPlan 1,271 2
2 ItinereInfraestructuras 1,228 1
3 CanadaPensionPlanInvestmentBoard 979 1
= OntarioMunicipalEmployeesRetirement
System(OMERS)
979 1
5 Vinci 924 1
= OrixCorporation 924 1
7 Cintra 530 1
8 Others 462 1
9 ElCondor 312 1
10 KuwaitInvestmentAuthority 292 1
Rank Company Total ($m) Deal count
1 SumitomoMitsuiFinancialGroup 608 4
2 Santander 342 4
3 MizuhoFinancialGroup 338 1
4 MitsubishiUFJFinancialGroup 243 3
5 SocieteGenerale 198 2
6 CreditAgricoleGroup 183 3
7 PrivateFinanceInitiativePromotion
CorporationofJapan(PFIPCJ)
178 1
8 CommonwealthBankofAustralia 173 3
9 BancoSabadell 163 2
10 CaixaBank 155 1
TRANSPORT PROJECT FINANCE TRANSACTION VALUE Q1 2016
TRANSPORT PROJECT FINANCE TRANSACTION COUNT Q1 2016
$m
0
5000
10000
15000
20000
25000
30000
Value ($m) Source: IJGlobal
2010Q4
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
2014Q3
2015Q1
2015Q2
2015Q3
2015Q4
2014Q4
2016Q1
Count Source: IJGlobal
Count
2010Q4
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
2014Q3
2015Q1
2015Q2
2015Q3
2015Q4
2014Q4
2016Q1
10
20
30
40
50
TRANSPORT LEGAL ADVISERS
Rank Company Total ($m)
Tran.
1 CliffordChance 4,617 5
2 Shearman&Sterling 2,936 1
= Sullivan&Cromwell 2,936 1
4 Allen&Overy 2,845 5
5 NagashimaOhno&Tsunematsu
2,309 1
6 Linklaters 1,170 1
= SlaughterandMay 1,170 1
8 MayerBrown 663 1
= UríaMenéndez 663 1
10 Milbank,Tweed,Hadley&
McCloy
650 1
= TaboadaHoyosyAsociadosS.A.S.
650 1
= Holland&Knight 650 1
TRANSPORT TECHNICAL ADVISERS
Rank Company Total ($m)
Tran.
1 TYPSAIngenierosConsultoresyArquitectos
1,499 2
2 Arup 1,313 2
3 Atkins 599 1
4 AECOM 478 1
= AltusGroup 478 1
6 SteerDaviesGleave 386 2
7 ElevenTwentyFive 177 1
= MottMacDonald 177 1
9 ParsonsCorporation 71 1
= BTYGroup 71 1
TRANSPORT FINANCIAL ADVISERS
Rank Company Total ($m)
Tran.
1 RoyalBankofCanada 4,106 2
2 GoldmanSachs 3,586 2
3 BankofAmerica 1,170 1
= CreditSuisse 1,170 1
5 KPMG 929 4
6 Deloitte 849 1
7 StructureBancadeInversion 650 1
8 MitsubishiUFJFinancialGroup
599 1
9 Scotiabank 478 1
10 PwC 386 2
/19 ijglobal.com
Social & Defence league tablesQ1 2016
Download the data
SOCIAL & DEFENCE SPONSORS SOCIAL & DEFENCE MLAs
Rank Company Total ($m) Deal count
1 PlenaryGroup 538 1
2 YDAGrup 400 1
3 Edgemoor 327 1
4 TetragonFinancialGroup 225 7
5 KBR 193 1
= LockheedMartin 193 1
= Elbit 193 1
= BabcockInternationalGroup 193 1
9 3i 147 1
10 JohnLaing 101 1
Rank Company Total ($m) Deal count
1 MitsubishiUFJFinancialGroup 403 3
2 NordLB 374 8
3 SumitomoMitsuiFinancialGroup 344 3
4 BBVA 196 1
5 CommonwealthBankofAustralia 152 1
6 SocieteGenerale 133 2
7 CreditAgricoleGroup 116 2
8 Natixis 89 1
9 BayernLB 86 1
10 Macquarie 60 1
SOCIAL & DEFENCE PROJECT FINANCE TRANSACTION VALUE Q1 2016
SOCIAL & DEFENCE PROJECT FINANCE TRANSACTION COUNT Q1 2016
$m
0
3000
6000
9000
12000
15000
Value ($m) Source: IJGlobal
2010Q4
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
2014Q3
2015Q1
2015Q2
2015Q3
2015Q4
2014Q4
2016Q1
Count Source: IJGlobal
Count
2010Q4
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
2014Q3
2015Q1
2015Q2
2015Q3
2015Q4
2014Q4
2016Q1
5
10
15
20
25
30
35
SOCIAL & DEFENCE LEGAL ADVISERS SOCIAL & DEFENCE FINANCIAL ADVISERS
Rank Company Total ($m) Deal count
1 Linklaters 893 3
2 Ashurst 856 2
3 BurgesSalmon 773 1
= CliffordChance 773 1
= DLAPiper 773 1
= Simmons&Simmons 773 1
7 Allen&Overy 704 4
8 Allens 538 1
= HerbertSmithFreehills 538 1
10 AkolAvukatlikBurosu 400 1
Rank Company Total ($m) Deal count
1 Ernst&Young 883 3
2 BDOInternational 773 1
= PwC 773 1
4 ProjectFinanceAdvisory 327 1
= PublicFinancialManagement 327 1
6 KPMG 266 2
7 Deloitte 247 5
8 DWPF 222 2
9 CaledonianEconomics 135 3
10 Mazars 116 2
/20ijglobal.com
Mining league tablesQ1 2016
Download the data
MINING SPONSORS MINING MLAs
Rank Company Total ($m) Deal count
1 ChinaMachineryEngineeringCorporation
(CMEC)
336 1
= Engro 336 1
= HabibBank 336 1
= HubPower 336 1
= ProvinceofSindh 336 1
= ThalLimited 336 1
7 AsiaMinerals(AML) 268 1
8 TigerResources 163 1
9 MerdekaCopperGold 160 1
10 NipponDenko 112 1
Rank Company Total ($m) Deal count
1 AlfalahBank 176 1
= FaysalBank 176 1
= HabibBank 176 1
= UnitedBankLimitedofPakistan 176 1
5 TaurusFundsManagement 107 1
6 MalaysiaBuildingSocietyBerhad 53 1
= Maybank 53 1
8 SocieteGenerale 43 1
= HSBC 43 1
= BNPParibas 43 1
MINING PROJECT FINANCE TRANSACTION VALUE Q1 2016
MINING PROJECT FINANCE TRANSACTION COUNT Q1 2016
$m
0
3000
6000
9000
12000
15000
Value ($m) Source: IJGlobal
2010Q4
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
2014Q3
2015Q1
2015Q2
2015Q3
2015Q4
2014Q4
2016Q1
Count Source: IJGlobal
Count
2010Q4
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
2014Q3
2015Q1
2015Q2
2015Q3
2015Q4
2014Q4
2016Q1
0
5
10
15
20
MINING LEGAL ADVISERS
Rank Company Total ($m) Deal count
1 Haidermota&Co 2,016 1
= Linklaters 2,016 1
= MoshinTayebaly&Co 2,016 1
= PinsentMasons 2,016 1
5 Allen&Overy 607 2
6 Ariffin,Lai&KanAdvocates 447 1
= CliffordChance 447 1
= PutriNorlisaChairLaw 447 1
= RahmatLim&Partners 447 1
10 NortonRoseFulbright 163 1
= HerbertSmithFreehills 163 1
You can find our Q1 2016 league tables for water and telecoms on ijglobal.com
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