RBC Capital Markets' Communications, Media and Entertainment Group, which includes Denver-based cable and telecommunications investment banker RBC Daniels, said Wednesday that it completed nearly $48 billion in North American mergers & acquisitions and capital markets transactions in 2010, a 65% increase over the $29 billion completed in 2009.
"2010 saw a significant increase in industry activity from the lows of 2009," RBC Capital Markets said in a statement. "We are optimistic about the momentum in the dynamic communications, media and entertainment sectors as we head into 2011."
While RBC Daniels wasn't the only component of the CME Group - it includes larger bankers in New York City and Canada - the Denver operation closed some pretty big deals in the past year.
Among the deals completed by RBC Daniels in 2010 were Charter's sale of 65,000 customers in seven states to Cobridge Communications and Knology's $165 million acquisition of Sunflower Broadband.
According to data gleaned from deal tracker Thomson Financial, RBC Capital Markets completed 15 M&A transactions in 2010, ahead of JP Morgan (12), Morgan Stanley (11) and Bank of America Merrill Lynch (11).
The smarter way to stay on top of the multichannel video marketplace. Sign up below.