Virgin

Room for Emerging Players in Investment Banking - The Little Known Banks Advising Sprint-Virgin Mobile

07/29/2009
Research Reloaded: 

/Damaged reputations for the big boys might be opening up more opportunity for the smaller players. We hope so. The big brands were shown to be just B-level ideas with A-level marketing, or even worse when it came to Fixed Income... nice to see some space opened up for tiny upstarts. Note one of the tiny firms was started by a former Deutsche M&A head./

Who are these guys anyway?

With a few exceptions, Sprint Nextel’s acquisition of Virgin Mobile USA involved a cast of advisers that aren’t household names in the M&A world.

Sprint Nextel was advised by Wells Fargo Securities, which didn’t crack the top 30 on Dealogic’s rankings of investment banks by announced U.S. deal volume through July 21. Most of Wells Fargo Securities’s investment bankers come from Wachovia, which Wells acquired last year.

Two little known firms, Foros Advisors LLC and Colonnade Advisors LLC, provided a fairness opinion for Virgin Mobile.

Syndicate content