Of the 20 candidate companies, The Balloch Group ranked fifth in terms of number of transactions, value of transactions and evaluation from organizations in the investment banking industry.  The ranking considered boutique companies in China, as opposed to multinational investment banks. 

“Given that we began corporate finance services only two years ago, all of us at The Balloch Group are very proud to have reached fifth place,” said Howard Balloch, president and founding partner of TBG. “Our ranking is particularly special considering that we have performed better than firms which have been in the business longer than we have.”  

The ranking was based solely on financial advisory services in private placement and mergers and acquisitions. It does not include support for Chinese firms listing on overseas equity exchanges, an area in which TBG excels.

In 2007 alone, TBG together with partner CIBC World Markets assisted over 20 clients including JA Solar and Perfect World to access North American public equity markets. TBG and CIBC now handle the great majority of Chinese companies listing on NYSE and NASDAQ.

TBG was established in 2001 by former Canadian Ambassador to China, Howard Balloch. Co-founder Nereida Flannery was the former General Manager of the Canada China Business Council. With offices in Shanghai, Hangzhou, Wuhan, Ulaanbaatar and New York, TBG offers services in private placement, mergers and acquisitions, public offerings, as well as market entry and business advisory.

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