It's very important to note which investment banks are helping to AT&T bamboozle Washington politicians into approving this deal. What goes around comes around and these companies will certainly get a bad case of bad karma blues if this deal closes and they take money to bank the deal. Here is a list of bankers involved in the deal.
Staying out of this mess might be a blessing in disguise for investment bank Goldman Sachs who apparently is not involved in the merger dealings. Don't be surprised if the smartest investment bank in the World Goldman Sachs (
GS) is on the short side of the JP Morgan bridge loan. Goldman and hedge funds will make all of the money on the short side as the AT&T house of cards come tumbling down.
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| Should AT&T Trust Roger Altman? |
AT&T hired
Evercore (
EVR) due to a relationship with founder Roger Altman who has strong ties to Washington. Altman, a former deputy secretary of the U.S. Treasury, has expanded Evercore, which he founded in New York in 1996, into a more-than-600-employee firm. "Altman called Randall Stephenson (AT&T CEO) and said, I could help you get this through the government," said a source close to AT&T. Before founding Evercore in 1996, Altman serving as deputy secretary of the Treasury under President Clinton from 1993 to 1994. He also chaired Resolution Trust Corp., a Treasury agency that reimbursed savings and loan victims. Evercore's relationship with AT&T started in 2006 when it advised the company on its $102 billion acquisition of BellSouth. Altman resigned under pressure after allegedly leaking information to the White House about the Whitewater investigation. A source close to Altman said, "He's very close to President Obama." Obama also considered hiring Altman as head of his National Economic Council. Other Evercore bankers include Dan Mendelow & Eduardo Mestre
Read in NY Post:
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| Jamie Dimon of JPMorgan Chase |
JPMorgan Chase (
JPM) is helping to finance the bridge loan and is headed by Jamie Dimon. JP Morgan Bankers include: Karl-Georg Altenburg, Tammo Buennemeyer, Tom Cassin, Jake Donavan, Andy O’Brien, Kurt Simon, Joachim Sonne, Jim Woolery, Anwar Zakkour
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| Robert Greenhill of Greenhill Advisors |
Greenhill & Co (
GHL) is AT&T's other advisor in the deal which is a small public investment bank based in Los Angeles. Greenhill has significant ties to Germany based on their portfolio of deals that have closed. Bankers include Robert Greenhill, Gil Ha & Lawrence Chu.
On the
sell side of the AT&T & T-Mobile transaction Deutsche Telekom has hired investment banks Morgan Stanley, Credit Suisse & Deutche Bank.
Morgan Stanley (MS) bankers include: Jean Abergel, Robert Eatroff, James Murray, Dirk Notheis, Adam Shepard.
Credit Suisse (
CS) bankers include: Luigi de Vecchi, Ken Oliver Fritz, Jeff Murphy, Mark Simonian, John Trousdale
Deutche Bank (
DB) includes: Don Birchenough, Philipp Meier-Scherling, David Pearson, Armin von Falkenhayn
