“When it comes to winning streaks in Global Capital’s awards, Berenberg has an impressive record having won ‘Bank of the Year for Small Cap ECM’ five years running”, according to the jury. Following a record year for the Bank in 2021, Berenberg acted on 125 (up from 67) transactions providing global companies with a total of €35 billion in capital. Berenberg not only brought its first IPOs in Italy, Norway and the Netherlands, but also retained its pole position in the DACH region, finished second in the Iberian league table and managed a podium place in Benelux. In addition, the bank secured a top 3 league table in UK for IPOs alongside a further 16 corporate broking wins. Notable transactions included the largest German IPO (Vantage Towers with 2.3 billion euros) and the capital increase of Siemens Healthineers (2.3 billion euros). In the UK, 34 transactions were carried out, including the IPO and three secondary placements (total value GBP 585 million) of Darktrace.
The market share in France and the Benelux countries was significantly expanded. As a result, Berenberg opened a branch in Brussels last year and further expanded its premises in Paris. Due to growing mandates in the Nordic countries a further office in Stockholm was opened in April.
The US business also developed rapidly. The number of transactions rose to 23 with the IPO of German electric car company Sono Motors (USD 173 million) on NASDAQ, which Berenberg handled as sole bookrunner, recording the second-best first-day performance of an US IPO in 2021.
“We are proud of the continued growth in ECM that has taken further market share and become a trusted partner and advisor for many global companies,” says David Mortlock, Managing Partner at Berenberg.
“It’s a great honour to receive this award as it recognizes our efforts to provide first-class ECM services to global companies. We are proud of the business we have built in recent years and still excited about future opportunities”, adds Fabian de Smet, Head of Investment Banking Continental Europe. “Berenberg’s expansion is not only geographical, we also have diversified into new products, moved up the spectrum from small to mid-caps and continued to climb the syndicate tiers: 85% of our transactions in 2021 were as global coordinator.”