Working through a comps analysis for Nike and I couldn't find any details on its sale of Hurley to Bluestar in 2019 to account for transaction costs. As these companies usually have a decent sized corp dev team, I am assuming they prob handle these transactions in-house on payroll as opposed to hiring IBs. IBs would only be brought in for complex/sizable transactions. Am I right? Or is there some regulations that mandate public companies to hire independent advisors for all transactions?
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