How Wells Fargo’s Global M&A Head Spins Deals From Lending Ties
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It’s Matt Monks in New York. In today’s Bloomberg Deals I’m speaking to a top Wells Fargo dealmaker about how the bank has landed some large transactions, plus Albertsons’ dividend plans are on hold, Toshiba’s takeover is in limbo, and SPACs continue their steady decline.
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Wells Fargo’s investment bank is having a good year, M&A-wise. It’s worked on big deals including Kroger’s $24.6 billion tie-up with rival grocery chain Albertsons and Broadcom’s $61 billion deal for VMware, firmly establishing it as a top-10 adviser in the M&A league tables. I caught up with global M&A head David DeNunzio, who was hired in 2016 from Credit Suisse to help build out Wells’ investment bank.—Matthew Monks