Investment Banking

M&A boom offers mixed bag for independent advisers

The impact of the uptick in deals won't be spread evenly among independent M&A advisory houses, analysts warn

M&A boom offers mixed bag for independent advisers

A flood of big deals in recent months should provide a boost to investment banking revenue heading into first quarter earnings season. But that impact won’t be spread evenly among independent M&A advisory houses, warn the analysts at Nomura.

"Despite favorable M&A trends, performance [year to date] for the independents has been highly bifurcated," Nomura analysts led by Steven Chubak wrote.

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Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump