Top firms (and one tiny one) splits fees for biggest M&A deal this year

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The handful of banks that scored coveted roles advising on Anheuser-Busch InBev NV’s $106bn planned takeover of SABMiller are set to share as much as $235m in fees.

Among them: five Wall Street stalwarts and one tiny, British boutique with less than a dozen employees.

AB InBev could pay its advisers from $95m to $115m in fees, while SABMiller may pay anywhere in a range of $100m to $120m, according to estimates from Freeman & Co. Robey Warshaw LLP, the small firm started in 2013 by two London bankers, as well as JP Morgan Chase, Morgan Stanley and Goldman Sachs advised SABMiller on the transaction. Lazard and Deutsche Bank AG advised AB InBev.

A deal between the brewers would be the biggest globally this year, surpassing Royal Dutch Shell Plc’s $80bn takeover of BG Group Plc, announced in April, according to data compiled by Bloomberg. Goldman Sachs, JPMorgan, Morgan Stanley and Robey Warshaw also lined up on that deal.

Hit the link below to access the complete Bloomberg article:

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