Investment Banking

Independents share the spoils on bumper day for M&A

Lazard and Evercore alongside bulge-bracket rivals on $34bn CenturyLink/Level3 ticket, while Centerview rounds off record month with bumper GE merger

Signing off in style: GE mandate caps record month for Centerview's dealmakers
Signing off in style: GE mandate caps record month for Centerview's dealmakers Photo: Getty Images

Independent M&A advisers were celebrating on Monday after winning a share of the bragging rights on the latest two bumper tie-ups.

Lazard and Evercore joined several of Wall Street's biggest investment banks on the advisory roster for US communications firm CenturyLink's agreed takeover of Level 3 Communications, which was announced on October 31 and is worth roughly $34 billion, according to a statement from the two companies.

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