This report provides a ranking of the top holding companies in the M&A league for December 2015. The ranking is based on the total sales value of acquisitions and the number of deals completed. The top five holding companies are WPP, LEO Group, Lecon Group, Havas Gemini Healthcare, and Dentsu Jayme Syfu Philippines. The report also includes information on recent acquisitions, total sales value, and the number of deals for each holding company. The methodology used to compile the ranking is to review all public sources for M&A news across all marketing and media sectors and apply a consistent multiplier to the estimated revenue of all acquired agencies.