Facebook with Latestnigeriannews  Twieet with latestnigeriannews  RSS Page Feed
Home  |  All Headlines  |  Punch  |  Thisday  |  Daily Sun  |  Vanguard   |  Guardian  |  The Nation  |  Daily Times  |  Daily Trust  |  Daily Independent
World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  More Channels...

Viewing Mode:

Archive:

  1.     Tool Tips    
  2.    Collapsible   
  3.    Collapsed     
Click to view all Entertainment headlines today

Click to view all Sports headlines today

A tiny firm just snagged a huge payday on a big Wall Street deal

Published by Business Insider on Mon, 26 Sep 2016


The Chicago Board of Options (CBOE) has agreed to buy Bats Global Markets in a merger of twoof the largest exchanges in the US.The $3.2 billion deal is huge news for the CBOE and Bats, but it is also great for a tiny boutique investment bank.Broadhaven Capital, a tiny Connecticut-based investment bank, is advising the CBOE on the deal and stands to rake in $15-20 million in fees according to consulting firm Freeman & Co.The firm specializes in deals in the financial services sector, and also worked on the sale of REDI to Thomson Reuters earlier this month, andIntercontinental Exchange'spurchase of Interactive Data in October.Broadhaven was founded in 2009 byGerard von Dohlen, a former managing director at Goldman Sachs, and Greg Phillips, a former M&A advisor at UBS, and the firm has made a strong push for growthin the last few years.In addition to Broadhaven, Bank of America Merrill Lynch will bring in $15-20 million in fees for advising the CBOE and Barclays and UBS will bring in $20-25 million in fees for advising Bats according to Freeman & Co. Thus, there will be a total of up to $90 million in fees for Wall Street banks.SEE ALSO:2 of the biggest exchange groups in the US have agreed to mergeJoin the conversation about this storyNOW WATCH: KRUGMAN: The richest Americans should have a tax rate over 70%
Click here to read full news..

All Channels Nigerian Dailies: Punch  |  Vanguard   |  The Nation  |  Thisday  |  Daily Sun  |  Guardian  |  Daily Times  |  Daily Trust  |  Daily Independent  |   The Herald  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  New Telegraph  |  Peoples Daily  |  Blueprint  |  Nigerian Pilot  |  Sahara Reporters  |  Premium Times  |  The Cable  |  PM News  |  APO Africa Newsroom

Categories Today: World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Columns  |  All Headlines Today

Entertainment (Local): Linda Ikeji  |  Bella Naija  |  Tori  |  Daily News 24  |  Pulse  |  The NET  |  DailyPost  |  Information Nigeria  |  Gistlover  |  Lailas Blog  |  Miss Petite  |  Olufamous  |  Stella Dimoko Korkus Blog  |  Ynaija  |  All Entertainment News Today

Entertainment (World): TMZ  |  Daily Mail  |  Huffington Post

Sports: Goal  |  African Football  |  Bleacher Report  |  FTBpro  |  Kickoff  |  All Sports Headlines Today

Business & Finance: Nairametrics  |  Nigerian Tenders  |  Business Insider  |  Forbes  |  Entrepreneur  |  The Economist  |  BusinessTech  |  Financial Watch  |  BusinessDay  |  All Business News Headlines Today

Technology (Local): Techpoint  |  TechMoran  |  TechCity  |  Innovation Village  |  IT News Africa  |  Technology Times  |  Technext  |  Techcabal  |  All Technology News Headlines Today

Technology (World): Techcrunch  |  Techmeme  |  Slashdot  |  Wired  |  Hackers News  |  Engadget  |  Pocket Lint  |  The Verge

International Networks:   |  CNN  |  BBC  |  Al Jazeera  |  Yahoo

Forum:   |  Nairaland  |  Naij

Other Links: Home   |  Nigerian Jobs