Advisors behind Google-Wiz deal?
Big TMT deal today. Alphabet is reportedly negotiating a potential $23 billion deal to snap up cybersecurity startup Wiz. This would mark Google's largest acquisition to date, aiming to boost its cloud computing arm.
While the advisory teams haven't been publicly named, I'm thinking either Centerview, Qatalyst, or Evercore might be on the sell-side. They've been behind other major deals recently like Cisco/Splunk and Ansys/Synopsys. Considering Morgan Stanley and Goldman Sachs are Wiz clients, the dynamics around potential conflicts of interest could get interesting.
What are your thoughts on this? Is absurdly high multiple justified? Would love to hear thoughts.
Bump
William Blair
Natixis on the sell-side
Heard it’s KPMG
Q
Probably Qatalyst
I know Lazard SF usually works a lot with Google so there’s a chance they’re on this
Keybanc Capital Markets is what my sources are telling me
MS Menlo is definitely involved here.
Blah
Heard Tobin’s the lead bookrunner
So this is getting blocked by the FTC right?
Meta can't even buy dinky little startups without Lina Khan up their ass... And this is $23b!
This one’s going through bro
Never mind.
The deal just fell through apparently
MS Menlo
BofA was the exclusive advisor to Google, kinda surprised. Thought Lazard was the sole/exclusive advisor that they work with often.
And GS advised Wiz.
Mind if I ask source?
Goldman published a deal announcement on their LinkedIn
MS advised Wiz
GS was lead advisor to Wiz
Source: GS' LinkedIn post
Barclays bankers on linkedin saying they worked on the deal...did they have a real role?
Ignore the title
Also curious what role Barclays had this deal
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