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UBS makes hay in FIG while Florida sun shines

The Swiss bank’s role advising Florida-based EverBank on its $2.5 billion sale continues its strong year in finance sector M&A

Florida-based EverBank, advised by UBS, has agreed to be sold for $2.5bn to TIAA
Florida-based EverBank, advised by UBS, has agreed to be sold for $2.5bn to TIAA Photo: iStock

UBS’s role as lead financial adviser to Florida-based EverBank on its $2.5 billion sale has underscored an impressive run for the Swiss bank in finance sector mergers and acquisitions that has already seen it advise on the year's two biggest such deals.

While JP Morgan tops the global M&A rankings for announced deals targeting the financial sector - as it has for the past two years - UBS lies second. At the same point in 2015, the Swiss bank had ranked tenth. In no year since records began more than two decades ago has UBS ranked so highly at this point in the year, nor has it ever ended a year among the top three advisers, according to the data provider Dealogic.

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