MGT 185: Investment Banking: M&A Analysis

Refinitiv Workspace (RW) provides up to date M&A deal data. There are two major ways to locate it - via the Markets > Deals Markets activity section, or as part of an individual company report (Event > Company Deals).

If this is the first time you are using Refinitiv, be sure to use the one-time sign up link in order to gain access to this database.Ask for both the Refinitiv for Students and the AMR for Students add-on (AMR is the full market research add-on).

Finding M&A Deal Data and League Tables

Path > Markets > Deals Markets

Shortcut: DEALSMOV. This market overview section contains several ways to view current deals by year..

The info you get depends on which part of the menu you pick. (Click to see graphic).

TIP: for class, change the Asset Type dropdown to M&A, and National of HQ to Americas or U.S.  Browse all industries or chose one you'd like to track by opening the industry dropdown at the far right menu.

Tabs:

Current Deals - list with columns for date, target, acquirer, value, deal status, financial advisers (where known). If you click the Page ion on the far left of any deal, to get a Deals Tearsheet with more details (see info below).

League Tables (screenshot) - columns for rank by value, advisor, deals under advisement and some performance measures

Volume Trends data

Deals Intelligence (screenshot)- variety of news sources and reports, for example the Weekly IB Report, Monthly M&A Snapshot (under Special Reports). Shortcut available directly to this dashboard: DEALINTEL.
 

To get a deal tearsheet - Click on the report icon accompanying a particular company to get a profile of the deal and more information on the target and acquirer. The landing page is Deal Details, but notice you can use tabs leading News, Filings and Research reports.

To export - click the Expand all, then select whether you want the export to Excel or PDF.  Example of this kind of tearsheet.

Company Views: Get the History of a Company's Deals

Path > Company Overview > Events > Company Deals

• Shortcut: [ticker] CDV
• Use filters to display your deals:
  • Asset Type (M&A, Equity, Bonds, Loans, All)
  • Time span
  • Currency: USD
• TIP - be sure to scroll down to see all parts of the report.
• Reports contain:
  • Deal summaries
  • Banking relationships
  • Graphics and tables  of deal activity by status, size, country and industry
  • Deal listing (click on the page icon on the left to get full tear sheet on individual deals in the company list)
     
• TIP: Report sections and a whole company deals report can be exported to Excel or PDF. However, make sure you gather individual deal tearsheets, because the overview export only lists the deals, not their details. .
   
• When you take this step, you get a profile of the deal and more information on the target and acquirer. The landing page is Deal Details, but notice you can use tabs leading News, Financials, Filings and Research reports

For your class assignments, you likely will not need Mergerstat unless you are having unusual trouble using Refinitiv, or if you need more details on a specific deal..

Mergerstat is easier to access because it does not have the same browser limitations as Refinitiv Workspace has, however, Refinitiv gives a better visual and logical layout to the information.

Mergerstat is more like a news source for individual deals, and it does provide a wider range of historical details, starting from 1979 (select deals) / 1993 (full coverage).