Baird's Industrial Equity Capital Markets Franchise Posts Strong Start to 2017

Baird's Industrial Equity Capital Markets franchise is celebrating strong momentum in Q1 2017. Our recent results demonstrate our Industrial equity underwriting capabilities and affirm the strength of Baird's Industrial sector expertise, long-term relationships and transactional experience.

We had a very strong start to 2017, and we continue to win market share in today's very active and increasingly competitive Industrial market. Industrial ECM deal volume is up over 370% year-over-year and capital raised is up more than 275%, with 33 transactions priced year to date.

Our recent track record is comparable to any bulge-bracket firm. Baird’s wallet share sharply increased in Q1 to 6th among all banks and 1st among middle–market peers.1 Additionally, Baird has advised on approximately 30% of all Industrial ECM deals in 2017:

2017 YTD Industrial League Tables

Sorted by % of Capital Raised1

RANKFIRMNUMBER OF
DEALS
CAPITAL
RAISED
PERCENTAGE OF
CAPITAL RAISED
1 Goldman Sachs 11 $3,968.1 58.0%
2 Credit Suisse 12 $2,958.8 43.3%
3 Baird Logo 10 $2,856.4 41.7%
4 J.P. Morgan 12 $2,836.0 41.5%
5 Citi 10 $2,769.1 40.5%
6 Wells Fargo Securities 9 $2,421.7 35.4%
7 Barclays 8 $2,218.2 32.4%
8 Bank of America Merrill Lynch 9 $2,133.5 31.2%
9 Deutsche Bank 6 $2,014.8 29.5%
10 RBC Capital Markets 6 $1,782.5 26.1%

Dollars are in millions.

Sorted by Deal Count1

RANKFIRMNUMBER OF
DEALS
PERCENTAGE OF
TOTAL
CAPITAL
RAISED
1 Credit Suisse 12 36.4% $2,958.8
1 J.P. Morgan 12 36.4% $2,836.0
3 Goldman Sachs 11 33.3% $3,968.1
4 Baird Logo 10 30.3% $2,856.4
4 Citi 10 30.3% $2,769.1
6 Bank of America Merrill Lynch 9 27.3% $2,133.5
6 BMO Capital Markets 9 27.3%  $1,372.3
6 Wells Fargo Securities 9 27.3% $2,421.7
9 Barclays 8 24.2% $2,218.2
10 Deutsche Bank 6 18.2% $2,014.8

Dollars are in millions.

Tombstones

Patrick Industries, Inc.
JBT Corporation
Watsco
GMS
Mercury Systems
ADS
FBM
Milacron
REV
JeldWen

 

1Dealogic as of March 31, 2017. Includes WMS unregistered block trade.

The above transactions were selected for their relevance to our Industrial experience and do not represent all Baird transactions. View our website at www.rwbaird.com/investment-banking for a full list of transactions.