The City is set to make a £235 million killing from Shell's £47 billion takeover bid for BG Group.
That would be the Square Mile’s biggest potential bonanza since it had almost £350 million of fees ripped away from it when Pfizer pulled out of a £69 billion bid for AstraZeneca a year ago.
The biggest earners from the mega-bid will be the investment banks.
On Shell’s side, the deal was led by Simon Mackenzie Smith and Julian Mylchreest of Bank of America Merrill Lynch.
BG was steered into port by Karen Cook and Mark Sorrell (son of advertising supremo Sir Martin) of Goldman Sachs and by Simon Robey and Simon Warshaw of the boutique bank Robey Warshaw.
Robey Warshaw only separated from another City titan, Sir Simon Robertson, a year ago but have already racked up mega-deals with FTSE 100 companies, including last December’s £5.2 billion takeover of Friends Life by Aviva.
Legal advisers to Shell are Slaughter and May while BG was advised by Freshfields.
With the deal expected to take almost a year to complete legal fees will be high as they deal with regulation in dozens of countries.
Shell is putting its audit out for tender, having appointed the current auditor PwC 10 years ago.
BG’s auditor EY — the former Ernst & Young — collected £6.2 million in audit and advice fees last year.
Financial PRs to Shell are Finsbury and to BG Brunswick.
