GCA サヴィアン（2174）
Contents
1.2.
3. 2014 12 100 1 10 10 Shared esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved GCA 2174 SR Research Report 2014 3 25 7 FA Financial Advisor 3
4. Weaknesses M amp A M amp A M amp A M amp A M amp A
5. 2013 12 3 M amp A M amp A
6. 360 360
7. 1 2 1 3 3 350 300 M amp A 250 200 150 00 0 11 12 12 12 13 12 SR sSh sfed esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved GCA 2174 SR Research Report 2014
8. M amp A 2014 2 M amp A MAST i Mas TE PaihdagAANMK M amp A SR 2010 M amp A M amp A
9. GCA TOKAL
10. SR Inc SR tnc 3 31 12 03 5834 8787 Email info sharedresearch jp
11. 2008 12 2008 3 3 2008 12 31 10 http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved GCA 2174 SR Research Report 2014 3 25 99
12. 1 2 Sh aredd esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved Shared esearch lp http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved GCA 2174 SR Research Report 2014 3 25 09 12 10 12 11 12 12 12 M amp A 8 32 1 g 40 43 41 29 61 60 57 59 39 39 4 69 73 75 78 75 65 63 68 65 60 4 5 2 1 1 33 26 30 31 31 11 11 11 11 10 182 178 186 186 177 SR 2008 12 2008 3 3
13. 999 19 19 3 9 555 19 9 1 588 62 2 1 637 67 4 1 248 150 1 35 364 2011 12 728 32 457 15 59 2011 12 34 163 18 8 8 886 2011 12 255 5 486
14. 2013 3 181 186 TICICI ICICI Securities Limited 2013 10 23 ICICI 3 99 1 1 3
15. M amp A M amp A M amp A
16. M amp A Ssh ared Gear http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved GCA 2174 SR Research Report 2014 3 25 GCA M amp A Trusted Advisor For Client s Best Interest M amp A M amp A 3 100 100 19
17. M amp A M amp A Sh ared csearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved GCA 2174 SR Research Report 2014 3 25 M amp A M amp A
18. 409 2011 GCA M amp A SR M amp A 2013 12 909
19. M amp A SR M amp A 2012 12 2013 2 14 2012 12 10 813 27 7 2 746 35 0 2 795 33 8 1 259 136 2 Sh aredd esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved GCA 2174 SR Research Report 2014 3 25 8 806 20 3 749 15 3 1 996 73 8 M amp A IT
20. MBO MEBO MCo 1 Sh aredd esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved GCA 2174 SR Research Report 2014 3 25 196 SR
21. M amp A M amp A GCA M amp A Savvian M amp
22. 2014 12 IFRS IFRS 2 1 M amp A 2 SR M amp A M amp A
23. 1 3 000 30 10 13 04 GCA 6 98 6 72 5 33 4 78 4 57 4 49 4 35 3 12 2 51 SR 2012 12 Shared esearch lp http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved GCA 2174 GCA 03 6212 7100 2004 4 1 HP httD www gcasavvian COm IR TIR
24. SR 2008 12 7 000 SW Strengths Weaknesses Strengths M amp A M amp A
25. SR Inc SR Inc Shared Researcn SR Inc SR Inc SR Inc SR Inc
26. 4 5 1 718 20 6 914 33 19 2013 2 1 95 59 1 147 39 sSh afedi esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved GCA 2174 SR Research Report 2014 3 25 M amp A 2013 2
27. 6 954 2 2 1 302 9 3 1 363 11 5 833 29 7 4 M amp A M amp A M amp A Sh sfed esearch lp http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved GCA 2174 SR Research Report 2014 3 25 2013 12 2 2013 7 30 2013 12 2 2 15 458 238 2 2 928 150 2
28. 76 24 6 48 17 28 2012 12 2013 3 224 131 35 9 15 559 2012 12 sh ared hesearch http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved SR Research Report 2014 3 25 100 6230 1 11 1 30F 1 2006 10 6 12 IR http www gcasavvian com jp ir overview IR 286 2012 12 514 GCA Savvian Advisors LLC Dco
29. 9 559 22 381 1 724 4 187 1 062 1 125 2013 12 IFRS 9 559 9 572 1 724 1 737 1 062 1 122 2014 2 24 2013 12 2013 12 2014 2 13 2013 12 3 amp sh ared hesearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved Shared GCA 2174 SR Research Report 2014 3 25 12 12 13 12 46 3Q 46 KAG 2 401 2 169 3 260 2 983 10 719 4 739 3 091 3 832 66 5 24 7 28 8 15 1 346 4 118
30. sh ared hesearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved GCA 2174 SR Research Report 2014 3 25 hp HD rr mm SR M amp A SR 1998 M amp A 2006 M amp A
31. M amp A SR Sh sfed esearch lp http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved GCA 2174 SR Research Report 2014 3 25 M amp A M amp A 2011 2012 1 152 5 320 705 1 83 4 796 975 2 119 2 901 898 2 48 6 646 320 3 115 3 764 647 3 48 4 074 730 4
32. M amp A 4 9 4 10 12 944 9 0 3 914 3 7 2013 12 619 299 0 329 4 999 1 2013 12 1 226 63 7 591 232 5 9 572 0 2 1 737 9 4
33. PMI esearch lp http Www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved Shared GCA 2174 SR Research Report 2014 3 25 MBO JV DD DD DD _ M amp A HE E
34. 1 293 NM M amp A 40 50 M amp A 2013 10 1ICICI ICICI Securities Limited GCA Savvian Advisors GCA Savvian Advisors M amp A GCA 2174 SR Research Report 2014 3 25 M amp A
35. M amp A GDP 8 2 2012 M amp A M amp A M amp A M amp A M amp A
36. M amp A ICICI ICIC1 5250 M amp A 1ICICI 2013 12 2013 5 2013 5 30 2013 5 30 2013 12 2013 12 1 10 5 5 sh ared hesearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved GCA 2174 SR Research Repor
37. 555 557 649 749 1 226 6 150 8 099 7 972 9 555 9 572 3 993 7 390 7 627 1 996 14 035 530 542 649 738 1 226 9 613 14 947 14 950 10 813 22 381 506 213 979 1 588 1 737 850 1 667 3 246 1 158 2 450 344 1 880 4 225 2 746 4 187 46 7 38 533 1 259 1 125 SR 2008 12 2008 3 3 2008 12 31 10 GCA M amp A M amp A
38. ROA ROE SR 14 947 55 5 4 508 75 8 1 880 446 5 1 818 372 2 38 8 099 31 7 213 2 6 20 0 2 14 950 0 0 6 418 42 4 4 225 124 7 4 223 132 3 533 1302 6 7 972 1 6 979 359 6 12 3 499 2395 0 6 3 2008 12 2008 3 3 2008 12 31 10 http Wwww sharedresearch jD 10 813 27 7 5 276 17 8 2 746 35 0 2 795 33 8 1 259 136 2 9 555 19 9 1 588 62 2 16 6 1 248 150 1 13 1 Copyright C 2013 Shared Research Inc All Rights Reserved 22 381 107 0 6 238 18 2 4 187 52 5 4 306 54 1 1 125 10 6 9 572 0 2 1 737 9 4 18 1 1 122 10 1 11 7 34 356 35 066 35 133 28 650 28 673 13 9 1 2 18 6 44 2 42 2 1 1 17 9 5 10 0 10 0 30 0 13 0 305 5 230 8 236 6 205 9 240 1 6 861 8 567 8 754 5 555 7 147 31 912 38 762 34 622 33 799 15 119 2 918 677 1 173 1 311 1 433 35 180 39 821 36 093 35 364 16 836 1 085 2 193 1 673 2 743 2 301 222 254 256 163 115 1 308 2 447 1 930 2 906 2 417 33 872 37 373 34 163 32 457 14 419 23 629 30 775 26 895 26 402 7 406 0 0 0 0 0 2
39. 99 1 19 3 6 804 16 3 1 192 54 4 1 223 60 1 642 55 5 2012 12 2 2012 7 27 2012 12 2 2 4 570 48 7 1 170 40 4 1 209 39 19 401 45 79 Sh aredd esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved GCA 2174 SR Research Report 2014 3 25 3 728 10 4
40. 2013 3 US mil 44 12 213 4 1 3 782 UFJ 30 31 422 GCA 27 5 597 24 6 833 22 13 947 20 1 856 KPMG 17 1 589 15 19 656 10 13 1 398 SR OO OO NANA OO Ph ON 2013 3 1 96 71 1 149 39 2012 12 43 9 i
41. 2 988 147 0 150 62 69 2 795 25 0 785 108 6 12 662 842 M amp A 41 38 2012 12 4 1 2 4 M amp A 2013 2
42. 61 79 2011 12 6 779 74 2 1 259 716 2 000 2011 12 2012 9 6 1 2012 10 31 1 1 500 2012 10 15 Sh aredd esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved GCA 2174 SR Research Report 2014 3 25 64 831 18 45 2012 12 5 20 000 6 98 2012 12 3 2012 10 30 2012 12 3 2012 11 27 3 7 830 31 5 2 134 19 1 2 165
43. TMT TMT 19 sSh afedi esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved GCA 2174 SR Research Report 2014 3 25 09 12 10 12 11 12 12 12 9 613 14 947 14 950 10 813 22 381 344 1 880 4 225 2 746 4 187 385 1 818 4 223 2 795 4 306 75 119 471 353 279
44. 76 7 836 28 3 5 855 5 9 1 099 88 6 12 694 694 2 3 2 056 23 7 9 4 947 15 2 M amp A 2013 3 4 6 Ssh ared Gear http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved GCA 2174 SR Research Report 2014 3 25 M amp AA
45. 17 79 652 50 7 6 221 15 4 583 26 3 1 598 73 6 3 192 17 5 1 3 024 13 4 3 21 2010 12 4 2
46. MAST M amp A PM1I M amp A DCo M amp A Ssh ared Gear http www sharedresearch jp Copyright C 2013
47. 2 1 M amp A 2 5 5 5 10 49 10 50 39 50 100 2 100 Shared esearch lp http Www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved GCA 2174 SR Research Report 2014 3 25 19 120 5 x5 10 5 x4 50 10 x3 100 50 x2 120 100 x1 2 85 M amp A
48. M amp A sSh sfed esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved GCA 2174 SR Research Report 2014 3 25 M amp A 1999 3 530 1 556 44 1 1 501 42 5 473 13 4 2000 3 231 1 114 34 5 1 213 37 5 904 28 0 2001 1 780 1 018 57 2 796 44 7 2002 1 201 552 460 590 49 2 59 4 9 2003 1 335 647 485 571 42 8 116 8 7 2004 2 144 1 109 51 7 866 40 4 169 7 9 2005 2 727 1355 49 7 1 192 43 7 179 6 6 2006 3 684 1 781 48 3 1 717 46 6 186 5 1 2007 4 050 1 919 47 4 2 067 51 0 63 1 6 2008 2 498 1098 440 1 222 48 9 178 7 1 2009 1 794 800 446 628 35 0 366 20 4 2010 2 217 980 44 2 837 37 7 401 18 1 2011 2 270 1 180 520 873 38 5 217 9 6 2012 2230 1 120 50 2 893 40 0 217 9 7 Bloomberg SR M amp A
49. M amp A 2012 M amp A 2009 8 2010 7 2011 3 2012 2 2 4 395 25 1 1 M amp A 2012 9 4 065 19 8 2008 2011 12
50. US mil 1 38 7 916 2 36 11 379 3 UFJ 22 10 556 4 GCA 16 5 271 5 14 3 425 6 KPMG 14 1 136 7 13 5 757 8 11 1 205 9 9 104 10 5 4 785 SR 3 99 19 918 5 8 2013 2 181 186
51. 2008 12 31 10 Savvian M amp A M amp A M amp A 2011 GCA M amp A a 12
52. 2174 SR Research Report 2014 3 25 2 616 231 2 5 98 2 1 326 32 4 158 14 096 9 392 440 1 2 2012 12 1 M amp A 389 1 219 2012 12 4 1 M amp A 2013
53. 107 0 4 187 52 5 4 306 54 1 1 125 10 6 8 346 5 2 1 226 63 7 14 035 603 2 4 10 12 1 1 459 3 6 4 124 6 2 M amp A esearch lp http Www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved GCA 2174 SR Research Report 2014 3 25 33 M amp A 2013 7 9
54. 19 3 3 581 12 8 169 76 7 229 70 19 136 65 6 2 M amp A M amp A 7 3 2013 12 1 2013 4 25 2013 12 1 10 719 346 4 2 583 251 59 Sh sfed esearch lp http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved GCA
55. 841 1 647 3 209 1 147 2 446 467 38 533 1 259 1 125 6 150 8 099 7 972 9 555 9 572 506 213 979 1 588 1 737 476 20 499 1 248 1 122 6 861 8 567 8 754 5 556 7 147 626 847 929 1 033 1 154 16 535 11 734 10 731 15 491 5 328 6 689 16 853 13 667 10 589 1 008 31 912 38 762 34 622 33 799 15 119 330 346 265 235 239 2 364 176 243 251 287 3 267 1 059 1 470 1 565 1 717 35 180 39 821 36 093 35 364 16 836 1 308 2 447 1 930 2 906 2 417 10 373 6 852 7 100 7 644 8 260 673 4 217 4 217 2 000 2 000 130 253 168 412 753 23 629 30 775 26 895 26 402 7 406 33 871 37 373 34 163 32 458 14 419 35 180 39 821 36 093 35 364 16 836 96 3 93 9 94 7 91 8 85 6 29 1 16 6 18 8 15 5 38 0 11 541 9 013 9 141 8 886 9 349 10 242 6 598 7 213 5 991 6 946 10 243 6 598 6 779 5 486 6 405 88 7 73 2 78 9 67 4 74 3 88 8 73 2 74 2 61 7 68 5 SR
56. 15 23 30 14 25 45 50 60 709 2 2013 2014 2014 2 1 7751 Molecular Imprints
57. SR Research Report 2014 3 25 GCA 2174 sr_inquiriesQ sharedresearch jDp 0 GCA 2174 SR Research Report 2014 3 25 EE 5 4 ooo 4 i 5 i 8 ccc 8 i 21 i 24 Mi
58. 1 855 13 3 1 122 10 19 4 10 12 1CICI 1ICICI Securities Limited ICICI 1 5 8 13 30 2014 12 M amp A Sh aredd esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved GCA 2174 SR Research Report 2014 3 25 SR 110
59. 58 2 310 854 4 36 1 019 490 5 55 3 354 994 5 GCA 32 652 120 6 GCA 45 301 553 6 30 255 085 7 KPMG 41 326 555 7 KPMG 25 592 960 8 36 5 084 293 8 lt 19 209 950 9 34 1 029 135 9 18 2 187 390 10 32 63 441 10 16 1 492 090 10 32 1 084 445 Thomson Reuters SR Thomson Reuters SR Japan U S Cross Border M amp A Advisory Ranking Published Data Basis Japan U S Cross Border M amp A Advisory Ranking Published Data B 2011 Ranking Advisor No of Deals Value USD Million Ranking Advisor No of Deals Value USD Million 1 GCA Savvian Corp 9 878 1 Morgan Stanley 17 17 931 2 Mizuho FG 8 9 850 2 Mizuho FG 15 49 207 3 Nomura Holdings 7 21 610 3 Nomura Holdings 13 23 980 3 Bank of America Merrill Lynch 7 13 664 4 GCA Savvian Corp 12 5 255 5 Deutsche Bank AG 6 16 269 5 Goldman Sachs 10 7 393 5 Lazard 6 8 349 6 Deutsche Bank AG 8 41 316 5 Morgan Stanley 6 6 937 6 LincolIn Intenational 8 290 5 JP Morgan 6 2 721 6 Bank of America Merril 8 12 793 9 Goldman Sachs 5 20 895 9 JP
60. EE lh IR 7 TOB M amp A Win Win M amp A M amp A
61. 1 8 2 99 1 196 3 1 485 30 8 68 488 35 543 24 300 9 1 M amp A M amp A
62. 2012 12 sSh afedi esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved GCA 2174 SR Research Report 2014 3 25 SR
63. 3 25 09 12 10 12 11 12 12 12 13 12 3 6 12 6 28 3 25 4 18 7 0 3 3 6 11 6 5 0 2 6 12 3 16 6 18 1 0 2 6 3 13 1 11 7 ROA 0 1 1 4 3 5 4 3 ROE 0 5 8 0 20 5 18 9 ROA 0 2 5 5 13 8 12 3 ROE 0 2 7 5 20 4 18 9 SR 2008 12 ROA ROE 2008 12 2008 3 3 2008 12 31 10 11 000 J 1000 go0 1 000 URLUHH 5 000 4000 BLBLB
64. 376 29 2 842 84 8 8 4 104 11 8 728 64 9 768 66 6 397 53 0 2012 12 1 2012 4 26 2012 12 1 2 401 66 5 734 59 9 790 57 2 302 18 4 1 961 8 9 184 40 4 440 91 2 2 145 6 1 488 23 9 543 16 9 300 16 19 Sh ared Gear htp www sharedresearch jp Copyright C 2013 Shared Research Inc
65. A GCA Savvian GCA Savvian Advisors sh ared hesearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved GCA 2174 SR Research Report 2014 3 25 M amp A M amp A 2013 12 3 2013 10 30 2013 12 3 3 18 549 136 9 3 764 76 4 3 826
66. 000 LH 1 000 09 12 10 12 11 12 15 15 13 13 sa mm SR aII 13 2008 3 3 3008 13 81 1 1
67. 5 5 2 28 5 1 152 887 1511 1 726 3 026 820 1 336 1056 53 3 50 9 340 228 162 7 7 6 11 6 388 417 451 548 1 114 443 475 499 633 34 2 0 9 20 2 71 9 6 2 5 3 8 9 43 2 734 436 964 612 2 583 345 836 423 59 9 227 8 43 5 61 5 2519 209 13 3 309 790 419 956 630 2 616 372 838 480 57 2 197 2 47 8 604 231 1 112 12 3 23 8 302 99 251 607 5 145 686 289 18 4 59 9 5010 98 3 46 5 1733 52 4 2 145 1 959 2 700 2 751 1 485 2096 3 373 2 618 6 0 41 2 23 8 29 7 30 8 7 0 24 9 4 8 488 240 464 396 68 237 11133 435 23 9 40 2 91 3 1 3 144 2 9 8 22 8 12 3 17 2 14 4 11 3 33 6 16 6 300 97 245 606 24 160 697 289 16 2 59 1 604 7 649 184 5 52 3 14 0 5 0 9 1 22 0 7 6 20 7 11 0 SR 2013 12 2014 2 13 2013 12 22 381
68. 513 1 928 7 631 978 23 349 1 505 1 912 44 63 130 1 142 1 952 7 373 4 34 7 21 951 0 2 5 5 13 8 12 3 0 2 7 5 20 4 18 9 88 8 73 2 74 2 61 7 68 5 2 GCA 2174 SR Research Report 2014 3 25 2014 3 25 GCA IFRS 2014 12 1 IFRS IFRS GCA Savvian India Investment Advisors Private Limited GCA Savvian China Co Ltd 2013 12 IFRS
69. 6 MCo1 MCo2 MCo3 GCA Savvian Advisors LLC GCA GCA Savvian GCA Savvian Incorporated Capital LLC GCA Savvian India Private Limited GCA Savvian China Co Ltd SR GCA GCA Savvian Advisors LLC DCo Shared esearch http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved GCA 2174 SR Research Report 2014 3 25 1 09 12 10 12 11 12 12 12 5 595 7 542 7 323 8 806 8 346 3 248 3 066 3 512 4 395 4 124 1 634 3 821 3 378 4 065 3 914 713 644 418 346 308
70. All Rights Reserved GCA 2174 SR Research Report 2014 3 25 4 2004 GCA 2005 2006 2006 M amp A 2008 Savvian GCA GCA I Savvian 2012 1 amp 2013 10 2013 10 23 ICICI ICICI Securities Limited ICICI ICICI Bank Limited 100 ICICI ICICI Securities Limited
71. Morgan 7 12 556 9 Citi 5 11 618 10 Deloitte 6 1 057 11 Credit Suisse 4 21 273 10 Sumitomo Mitsui FG 6 4 812 Source FACTSET and company data SR Inc Source FACTSET and company data SR Inc M amp A M amp A M amp A 2011 GCA Savvian Evercore Partners Morgan Stanley UBS JP Morgan Catalyst Partners Bank of America Merill Lynch Montgomery Capital Petsky Prunier 10 Credit Suisse 451 Research Tech M amp A banking review SR J ORL LPL RPL RL LM CO OO GCA Savvian Advisors 2011 M amp A GCA Savvian Advisors GCA shared esearch lp http Wwww sharedresearch jp Copyrig
72. Shared Research Inc All Rights Reserved GCA 2174 SR Research Report 2014 3 25 GCA Savvian Advisors LLC 2003 M amp A M amp A 5e GCA Savvian Advisors 200
73. ht C 2013 Shared Research Inc All Rights Reserved GCA 2174 SR Research Report 2014 3 25 Savvian Advisors SR M amp A
74. i 25 33 9 amp Li 33 Li 34 i 35 Shared esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved Shared esearch lt GCA 2174 SR Research Report 2014 3 25 09 12 10 12 11 12 12 12 13 12 9 613 2 564 344 385 EPS EPS DPS BPS
75. t 2014 3 25 2013 3 2013 3 1 100 4 700 2013 2 2013 2 4 2012 12 2012 12 10 813 10 500 2 746 2 550 2 795 2 564 1 259 1 040 1 3 000 2 500 M amp A 2012
Download Pdf Manuals
Related Search