Host of advisers jostle for $85 mln fees from LSE-Deutsche Boerse deal

Wed Mar 16, 2016 2:17pm EDT
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* Roster featured 11 banks and 30 bankers

* Lead advisers likely to share bulk of the fees

* Robey Warshaw and Perella Weinberg were the first named advisers

By Anjuli Davies and Sophie Sassard

LONDON, March 16 (Reuters) - It took a staggering 11 banks and 30 named bankers to seal the $30 billon tie-up between Deutsche Boerse and London Stock Exchange Group (LSE).

The roll call was included in Wednesday's announcement of the deal to create a European trading powerhouse to see off competition from U.S. rivals. But the list would be longer still if it included the lawyers, PR advisers and accountants that will no doubt claim a slice of the fee bonanza.

The 11 banks will be fighting for an estimated fee pot of $85 million, according to Freeman Consulting/Thomson Reuters estimates.

Acting for LSE, Barclays, Goldman Sachs, JPMorgan, RBC Capital Markets, Societe Generale , UBS and boutique Robey Warshaw could share up to $40 million in fees, according to the estimates.

On the Deutsche Boerse side, Perella Weinberg Partners, BofA Merrill Lynch, Deutsche Bank and HSBC will clamour over roughly $45 million.   Continued...