Plugged in

23 May 2007 By Mike Verdin

The banker s contacts gave him the lone mandate to advise Capitalia on its E22bn takeover, while the big investment banks got the scraps. He s likely to have earned a fortune for a few days work. But that doesn t mean it s so easy for others to follow suit.

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Claudio Costmagna, who quit as chairman of European investment banking at Goldman Sachs, lies 21st in Europe's deal advisors league after advising Capitalia on its E22bn ($30bn) acquisition by Unicredit, according to Thomson Financial. He ranks 32nd in the global table.

Capitalia also hired Citigroup, Credit Suisse and Rothschild for fairness opinions.

Costamagna's fee has yet to be agreed, but is expected to be substantially less than the 0.5% cut, equivalent to E100m, that Capitalia might have paid an investment bank, according to a person familiar with the situation.

Joe Perella earned the most league table credits among solo advisors in recent years for, with UBS, advising MBNA on its on its $35bn takeover by Bank of America in 2005, Thomson said.

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