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BOUTIQUE BONANZA: 3 small Wall Street firms grabbed big roles on the Pfizer-Allergan mega-deal

Nov 23, 2015, 19:04 IST

Chief executive officer of Moelis & Co., Ken Moelis smiles after ringing the bell to mark the company's IPO on the floor of the New York Stock ExchangeREUTERS/Lucas Jackson

Pfizer has agreed a deal to combine with Allergan in a $160 billion transaction that will be among the biggest deals of all time.

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And three small Wall Street firms are in on the action.

Guggenheim Partners, Centerview Partners and Moelis & Company are all advising Pfizer on the transaction alongside Goldman Sachs.

The four banks will split more than $100 million in deal fees, according to Jeffrey Nassof of M&A consulting firm Freeman & Co.

JPMorgan and Morgan Stanley are advising Allergan on the transaction.

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This isn't the first time the three firms have landed big roles on huge transactions.

Guggenheim previously advised on the giant Verizon-Vodafone transaction in 2013, where the US telecoms company acquired the stake it didn't already own in Verizon Wireless for $130 billion.

Centerview, which is led by Blair Effron, has worked on a pantry's worth of giant food and beverage deals: Anheuser-Busch InBev, Kraft, HJ Heinz.

Boutique banks have landed roles on some of the biggest M&A deals of 2015. In the wake of the financial crisis, boutiques' share of M&A has substantially increased, into the high teens on a percentage basis.

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