Tiny banks Qatalyst and Allen & Co get LinkedIn-Microsoft deal

Two ants carrying large leaf

Small banks are taking a massive chew out of Wall avenue‘s top line, another time.

two boutique banks elbowed aside competition to put declare to hundreds of thousands in charges on LinkedIn’s $26.2 billion sale to Microsoft, introduced Monday morning. they may be: Qatalyst partners and Allen & Co., and that they controlled to disrupt Wall road‘s dating with Silicon Valley once again. Neitherfinancial institution was without delay available to remark.

it is a huge payday for a couple of banks with only some dozen staffers. The banks will divvy up among$40 million and $45 million for his or her paintings helping LinkedIn secure a premium of nearly 50percentage on its inventory charge, said Jeffrey Nassof, director at mergers and acquisitions consultingcompany Freeman & Co.

it is the biggest tech deal of the yr,” he said.