Bankers on the controversial $11.1 billion (£7 billion) Hewlett Packard takeover of Autonomy were paid $68.8 million, according to data out today.
For HP, Barclays pocketed the biggest banker fee at $18.1 million and Perella was paid $12 million, according to Thomson Reuters/Freeman Consulting. On Autonomy’s side were Frank Quattrone’s Qatalyst Partners, which specialises in tech deals and which picked up $11.6 million. UBS, Goldman Sachs, Citigroup, JPMorgan Chase and Bank of America were advising Autonomy and were paid $5.4 million each.
HP claims Autonomy inflated its value by some £3 billion in last year’s takeover. It claims neither auditors Deloitte or KPMG raised red flags when they did due diligence. They and Autonomy’s former management contest this. Founder Mike Lynch has denied this.
