Equity Capital Markets
Our Equity Capital Markets group works as one global team to deliver an integrated platform of research, sales, trading and banking capabilities to clients around the world.
INSTITUTIONAL EQUITIES & RESEARCH
Baird continued to focus on delivering quality research, unbiased advice and timely execution. During 2015, we deepened our trading capabilities and made strategic additions to our international offerings by investing in research coverage, corporate access and trading resources. Baird now makes a market in 3,600 stocks and executes trades across 49 markets globally.
Our Equity Research team covered more than 725 companies at the end of 2015, an increase of 59% over the past decade. Baird was again recognized as the No. 1 "overall important small-/mid-cap research advisory firm" in Greenwich Associates' annual survey1 of fund managers, and earned nine additional No. 1 rankings on key measures such as research quality, corporate access and sales team excellence. Our four annual institutional investor conferences hosted more than 400 presenting companies and posted record attendance.
GLOBAL INVESTMENT BANKING
Baird provides comprehensive M&A, debt advisory, and equity and debt financing services to middle-market companies. Our 260 bankers work as one global team, collaborating across the U.S., Europe and Asia to deliver deep sector and transaction expertise and innovative, customized solutions to every client. This alignment led to impressive results in 2015. The business logged a third straight year of record revenues and completed 179 transactions with a total value of more than $43 billion.
We arranged more than 20,000 company-investor connections via company visits, management visits to institutional clients and one-on-one meetings at Baird conferences.
Our M&A advisory business had an outstanding year. Baird advised on $21 billion in M&A advisory transactions, a firm record. One-third of these transactions involved an international party. While our equity financing business was down from its strong 2014 performance, we continued to demonstrate our ability to serve as a lead bookrunner. In addition, clients sought out Baird's high-quality debt advice and execution and engaged us on numerous assignments across multiple debt alternatives.
Baird's employee ownership, "one team" approach, and emphasis on global collaboration and partnership with clients have created a distinctive culture. We are committed to being the employer of choice in our industry. During 2015, we continued to attract senior-level professionals to our sector teams, product areas and geographies, including an increase of nearly 30% in staff levels in Europe. We will continue to make strategic investments to better serve our global clients.
1Greenwich Associates U.S. Equity Investors – Small-/Mid-Cap Funds, April 2015. Survey conducted with 92 small-cap and mid-cap fund managers. Rankings for qualitative metrics are based on leading research firms in survey.