RBC CM advisory on United Technologies & Raytheon
With RBC taking on the advisory role in the largest transaction in the aerospace & defense sector history (along with the bb&t and suntrust merger) - is RBC foray into IB starting to pay off?
I think they're only doing the fairness opinion. I don't think they're actually advising either parties on the deal.
Believe they advised Raytheon - they advised them on the $2bn acquisition of WebSense as well. a few years ago
According to the press release, Citi is listed as the financial advisor to Raytheon, and it specifies that RBC provided a fairness opinion. FWIW - MS, EVR and GS were advisors to United Tech.
That being said, to address the OP, RBC's foray into IB is definitely paying off, and has been for the last little while - well before this deal imo. They've poached some top MDs and built some solid relationships, albeit with the help of their balance sheet; but still good to see their name attached to a marquee transaction such as this.
bump
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