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Joining forces with its French and British cousins, New York-based Rothschild Inc. has been climbing the league tables lately in the international mergers and acquisitions arena.
With in the past few weeks, the firm has advised on three cross-border transactions-including British Telecommunications Plc's $20 billion takeover of MCI Telecommunications last week.
Yves-Andre Istel, vice chairman of Rothschild in New York, attributes the firm's revived M&A activity to an increasing flow of cross-border deals, coupled with an improved cooperative effort among the Rothschilds of London, Paris and New York. "Just within the last few years, [the Rothschild companies] have become more amenable and deeper partners," Istel said.
The success of this new-found fraternization has become evident in Rothschild's roster of advisory work. Regarding the BT/MCI transaction, the BT relationship was one that was fostered by the telecommunications group in Rothschild's London office.
That group-which is also representing Deutsche Telekom AG in its public offering and Telefonica de Espana in...