Cannings Corporate Communications has confirmed its position as the leading independent financial and corporate communications company in Australia, advising on transactions valued at more than $40 billion in 2010.
These included the largest transaction of the year in the Asia-Pacific region, AMP’s $14 billion acquisition of AXA APH Limited. Cannings provided communications counsel to AMP throughout 2010.
Cannings’ strong performance was reflected in mergermarket’s 2010 League Table for PR Advisors, where it ranked 15th globally and 4th in the Asia Pacific region on the value of mergers and acquisitions.
mergermarket league tables are calculated on announced transactions over $5 million, but exclude IPO’s, restructurings and funds management related deals.
Cannings provided communications and investor relations counsel across a diverse range of industries during the year, including financial services, infrastructure, property, resources, healthcare, legal and media.
Transactions in 2010 included:
• AMP’s $14 billion acquisition of AXA APH
• The transfer of Macquarie Investment Management Ltd’s $10 billion cash management trust to a cash management account
• The Canadian Pension Plan Investment Board’s (CPPIB) $2.6 billion consortium bid for ING Industrial Fund
• CPPIB’s $7.5 billion acquisition of Macquarie Media Infrastructure
• CPPIB’s $3.415 billion acquisition of INTOLL
• Macquarie Media Group and Southern Cross Media Group’s $294 million restructuring and Capital Raising
• Spanish food company Ebro Foods $615 million recommended takeover bid for SunRice
• Boral’s $490 capital raising
• Boral’s $40 million sale of assets
• Boral’s US$90 million acquisition of Cultured Stones
• Boral’s US$75 million acquisition of 50 per cent of MonierLife Tile
• REVA Medical’s $85 million Initial Public Offering
• China Magnesium Corporation’s $17.5 million Initial Public Offering
• ThinkSmart Ltd’s $16 million Capital Raising
• RedFlow’s $17.5 million Initial Public Offering
• Henderson’s £344 million acquisition of Gartmore
• Hazelwood’s $7.5 million Capital Raising
• Hazelwood’s $8 million acquisition of the Wolfram Camp Tungsten-Moly Mine