Takeovers of drugmakers have reached record volumes in 2015, and Centerview Partners has been cashing in big.
The boutique, started in 2006 by Blair Effron has racked up $ 270 million or so in deal fees relating to pharmaceuticals and healthcare, according to consulting firm Freeman & Co.
That only accounts for deals that have closed. Centerview added another $ 20 million to $ 25 million to that haul on Monday, by advising US biotech Dyax on its sale to Shire.
As a result, the bank is making a run on the biggest advisors in the industry.
“In the US Healthcare M&A league tables, we actually have Centerview ranked #3, behind only Goldman and JPMorgan,” says Jeffrey Nassof, vice president with Freeman & Co.
Centerview ranked third, last year, according to Freeman & Co. and fourth in 2013.
Nassof went on to say that, counting deals like Dyax, Centerview’s total haul just for healthcare and pharma advisory for the year will likely surpass the $ 300 million mark.
Here is a quick sampling of Centerview’s biggest deals in the sector, according to Freeman & Co. estimates:
- In August, Celgene’s $ 7.2 billion deal to buy out biotech firm Receptos netted Centerview a payday of about $ 55 million — this, thanks to its being the exclusive advisor on the deal.
- Centerview split the advisory role (and, fees) with JPMorgan when Valeant spent $ 16 billion to buy Salix Pharmaceuticals. It was worth $ 48 million to the boutique bank.
- Centerview and JPMorgan again split the role advising Pharmacyclics in its $ 20 billion sale to Abbvie. That deal generated about $ 41 million in fees for Centerview.
NOW WATCH: Everyday phrases that even smart people say incorrectly