Baillie Gifford among the big winners from ARM's £24 billion Softbank deal

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Sandwich bar staff around Edinburgh’s Regent Terrace might see an added spring in the step of some of its regular patrons from local fund house Baillie Gifford after the ARM deal with SoftBank

The Scottish firm, which looks after £120 billion, is ARM’s biggest shareholder with a near-10% stake, leaving it sitting on an extra £700 million today.

The jumbo deal also leaves the bankers on the deal quids in, with boutique Robey Warshaw adding to its roster of M&A (AB Inbev-SABMiller, LSE-Deutsche Börse) with a role for SoftBank. 

Wall Street boutique Raine Group — founded by former Goldman Sachs executive Joe Ravitch and Morgan Stanley dealmaker Jeff Sine — is a regular in the SoftBank boardroom (it advised on the takeover of Sprint) and is back on the ticket although the fee may be bittersweet given Raine’s hedge fund shorted ARM’s US shares. 

Mizuho is also advising SoftBank. Anyone doubting Goldman Sachs’ M&A kingpin Anthony Gutman’s juggling skills were left in no doubt after he snagged a role on the biggest ever Asian-UK deal while at the same time defending his firm’s role in the BHS saga before a Parliamentary committee. 

Goldman is advising ARM alongside discrete banking stalwart Lazard.

Notable absentees include Rothschild and JP Morgan — both of these companies advised on the $17 billion acquisition of Altera by Intel, one of the firms once touted as a potential suitor for ARM.

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July 18, 2016 |
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