Widely recognized as the leading law firm in leveraged finance, Cahill has long and close working relationships with many prominent international banking institutions, including Bank of America Merrill Lynch, Barclays, Citigroup, Credit Suisse, Deutsche Bank, JPMorgan, UBS and Wells Fargo. We are also designated underwriters' counsel for dozens of companies. Our clients trust our experience and ability to deliver solutions-focused advice and deal execution, especially when the factual and legal issues are challenging and/or the financing structures are complex. They entrust us with the most sophisticated and challenging finance transactions: we represented the financing sources in nine of the ten largest U.S.-based leveraged buyouts completed to date.
We represent lenders and borrowers in loan financings, underwriters and issuers in debt, equity and equity-linked securities offerings and dealer managers and solicitation agents in exchange offers, tender offers and consent solicitations, in leveraged, distressed, high-grade and cross-over credits. We also represent mezzanine lenders such as American Capital Strategies, Falcon Strategic Partners, GSO Capital Partners, Audax Mezzanine Partners, and private equity investors such as PennantPark Investment Corporation and Ares Capital Corporation in leveraged and strategic transactions.
Cahill ranked first by Bloomberg as legal advisor to U.S. high yield bond managers and ranked second as legal advisor to Western European high yield underwriters in 2016, participating in 114 transactions that generated approximately $74 billion in aggregate gross proceeds, and capturing a 35% share of the U.S. and 15% of the Western European high yield markets. Cahill has been the number one ranked legal advisor to U.S. high yield underwriters since 2005. Cahill also ranked third as legal advisor to U.S. underwriters in Bloomberg's overall U.S. corporate bonds category by value and ranked among the most active legal advisors to U.S. underwriters of investment grade corporate debt offerings, European bonds and global bonds.
In the U.S. loan market, Cahill ranked first by Thomson Reuters Loan Connector as legal advisor to U.S. lead arrangers by in leveraged loan transactions completed in 2016, advising arrangers in 162 transactions generating aggregate gross proceeds of nearly $200 billion. Cahill has been the top ranked legal advisor to lead arrangers of leveraged loans since 2010. Cahill also ranked first as legal advisor to bookrunners in the overall loans transactions category by volume, and ranked first as legal advisor to lead arrangers in M&A loan transactions by value, advising in 59 deals that generated approximately $91 billion in aggregate gross proceeds, and capturing a 22% share of the M&A lending market in 2016.
On the equity side, Cahill ranked among the top ten legal advisors to U.S. underwriters of equity offerings, ranked second by value as legal advisor to U.S. equity-linked offerings, and ranked among the most active legal advisors to underwriters of global equity offerings.