AFR Street Talk on MOE

Cheers all round at Moelis

http://www.copyright link/content/dam/images/g/z/g/5/n/e/image.related.afrArticleLead.620x350.gzg5hw.png/1510033728918.jpg <img src="http://www.copyright link/content/d...icleLead.620x350.gzg5hw.png/1510033728918.jpg" alt="Broadcom CEO Hock Tan tapped Moelis & Co as he launched the biggest tech takeover ever. " width="620" height="350" class="lazy620x350"> Broadcom CEO Hock Tan tapped Moelis & Co as he launched the biggest tech takeover ever. Evan Vucci

You can imagine Moelis & Company's local troops had something a little extra to celebrate over Melbourne Cup lunches on Tuesday.
Moelis' offshore colleagues were named advisers to the largest ever technology sector deal and second biggest hostile transaction ever on Tuesday morning, helping Broadcom offer $US103 billion ($135 billion) for another chip maker, Qualcomm.
Big deals come with a litany of advisers. Broadcom tapped six investment banks including the usual Wall Street giants Citi, Deutsche Bank, JPMorgan, BofA Merrill Lynch and Morgan Stanley to fund the deal.
However Moelis was the first named – before its bigger rivals – which counts for a lot in the investment banking world.

It has also been a big year for Moelis' Australian outpost, led by Andrew Pridham. While $135 billion deals are almost impossible to come by Down Under, the company's shares have been on a tear since listing on the ASX in April.

Moelis shares have gained 151 per cent since their debut, making it the best performing newcomer of any stock raising more than $25 million this year. And you would imagine Pridham, who has a 17 per cent stake in the listed entity, is not the only staff member to have backed the winner.
They've also boosted funds under management to $2.7 billion, with the creation of pubs and health care funds.