Mergers and acquisitions advisers on Prudential’s proposed acquisition of AIA stand to lose out on more than $100m (€80.6m) in potential success fees if Prudential is forced to withdraw the $35.5bn transaction amid rising shareholder unrest.
Prudential advisers Credit Suisse, JP Morgan Cazenove, Ondra Partners and Lazard would share $59.8m in M&A fees if the deal completes, according to Thomson Reuters / Freeman and & Co estimates. Of this some 90% - or $53.8m - would come in the form of success fees with the remaining $6m paid as a retainer throughout the life-span of the deal.