In the business rankings of the global financial market platform Dealogic in the first quarter of 2024, Deutsche Bank ranked first in the Greater China region's investment business and merger and acquisition revenue lists.
The Zhitong Finance App learned that on April 25, Deutsche Bank (DB.US) announced the first quarter results. According to the data, Deutsche Bank's revenue for the first quarter increased 1% year on year to 7.779 billion euros; net profit increased 10% year over year to 1.5 billion euros. In the business rankings of the global financial market platform Dealogic in the first quarter of 2024, Deutsche Bank ranked first in the Greater China region's investment business and merger and acquisition revenue lists. Deutsche Bank Greater China's underwriting and consulting team completed a total of 20 transactions in the first quarter, involving mergers and acquisitions, stock market (ECM), bond market (DCM) and financing transactions, totaling US$21 billion, achieving the best quarterly results since 2019.
Since April, the Deutsche Bank team has completed 5 transactions totaling US$2.3 billion, including but not limited to helping AIA, Jianhe Group and Melco to issue US dollar bonds.
In terms of mergers and acquisitions, Deutsche Bank acted as an exclusive financial advisor to help Dalian Wanda Business Management Group introduce a new round of strategic investment of 60 billion yuan. This is the largest single investment in China's private equity market since 2019. It is also China's largest investment from the Middle East so far. It is also the largest commercial management and retail transaction in China so far. Additionally, in the $6.1 billion business merger between Lotus Technology and L Catterton (SPAC), Deutsche Bank acted as the sole financial advisor, capital market advisor, PIPE financing placement agent, and depository bank.
In terms of stock market transactions, Deutsche Bank, as the joint bookkeeper, supported Amer Sports' initial public offering of 1.4 billion US stocks. This is the largest US stock IPO so far in 2024. This is also the second transaction after Deutsche Bank acted as a loan bank in Amer Sports' 2 billion euro privatization financing transaction in 2019. In addition, Deutsche Bank also helped Lianlian Digital successfully list on the main board of the Hong Kong Stock Exchange, raising US$84 million. Deutsche Bank acted as the joint global coordinator and joint bookkeeper.
In terms of bond market transactions, Deutsche Bank assisted Yihi Car Rental in issuing US$325 million high-yield bonds. This is the first Chinese high-yield US dollar bond issue since 2024. Deutsche Bank acted as the joint transaction manager for the exchange of offers, as well as the joint global coordinator and joint bookkeeper for the issuance of new bonds. In addition, Deutsche Bank also acted as an exclusive agent to assist FW Group in issuing US$900 million 5-year sub-notes, which are currently the US dollar notes issued by the largest insurance company in Asia (other than Japan) in 2024. Deutsche Bank's global financing and credit transactions, debt capital markets, underwriting and consulting, and international private banking teams worked together to provide customers with the best pricing and solutions.
In terms of financing, Deutsche Bank, as the sole lead bank and bookkeeper, issued a US$400 million offshore advanced guarantee loan for a large Chinese enterprise group.