Southpaw: Goldman leads the old guard to BP’s defence

BP has lined up a familiar team of M&A heavyweights ahead of what is being billed as its make or break second quarter results on July 27. But insiders warn against a transformational deal such as a big disposal or white knight rescue — at least until the oil leak in the Mexican Gulf is stopped, a complete assessment of the environmental damage can be conducted and the cost of the clean-up can be counted. David Rothnie reports.

  • 16 Jul 2010

The financial crisis has led to an unprecedented shake-up in the rainmaking ranks at investment banks and nowhere more so than in oil and gas teams. But the embattled BP’s choice of advisers has more to do with past institutional allegiances.

According to headhunters, there are 55 oil and ...

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All International Bonds

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4 Barclays 185,098.93 672 6.27%
5 Goldman Sachs 158,991.47 518 5.38%

Bookrunners of All Syndicated Loans EMEA

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4 SG Corporate & Investment Banking 26,569.73 97 5.34%
5 Credit Agricole CIB 23,807.36 111 4.79%

Bookrunners of all EMEA ECM Issuance

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1 Goldman Sachs 10,167.68 46 8.81%
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4 UBS 6,098.17 23 5.29%
5 Credit Suisse 5,236.02 28 4.54%