Onorari sulle operazioni statunitensi
Quanto costerà la vostra operazione in onorari?
Il Deal Cost Index misura quanto le imprese pagano a banche d'investimento, legali, revisori, banche collocatrici e fornitori di data room per portare a termine un'operazione. Prezzi di acquisto, multipli di valutazione e costo del finanziamento non rientrano in questo sito.
Inserite la vostra operazione per proiettare gli onorari di advisory, legali, contabili, di due diligence e di data room. Ogni voce è proiettata da documenti pubblici, indagini pubblicate o listini dei fornitori e rimanda alla propria fonte.
Onorari proiettati
- M&A advisor fees 93%
- Deal counsel 5%
- Sell-side quality of earnings 2%
- Virtual data room <1%
Somma delle 4 voci contrassegnate come incluse, proiettata da documenti pubblici, indagini pubblicate e listini dei fornitori. Le voci in grigio sono riportate a riferimento e non entrano nel totale.
Una proiezione, non un preventivo. Questo intervallo deriva da informazioni pubbliche su altre operazioni. Gli onorari della vostra operazione dipenderanno dai suoi fatti, dagli studi che incaricherete e da quanto negozierete. Nulla di quanto qui riportato costituisce consulenza finanziaria, legale, fiscale o di investimento. Termini e avvertenza
| Voce | Metà centrale e mediana | Intervallo |
|---|---|---|
| M&A advisor fees (all target-side advisors)Filed 58 recordTotal target-side advisor fees as a share of deal value in 58 disclosed deals ($125M–$500M): median 2.60%, middle half 1.73%–3.66%. Public-target deals; private deals of this size usually pay at least as much. | $4.32M–$9.16Mmediana $6.5M | |
| Fairness opinion fee (part of the advisor fee)Filed 45 record · Solo a riferimentoPortion payable on delivery of the opinion, from the same filings. Usually credited against the success fee. | $1M–$1.75Mmediana $1M | |
| Lehman / Double Lehman formulaFormula · Solo a riferimento5-4-3-2-1 and 10-8-6-4-2 schedules applied to $250M. Shown for reference; this is not an observed fee. | $2.6M–$5.2Mmediana $3.9M | |
| Monthly retainerSurvey · Solo a riferimento$5,000–$10K a month is the most common retainer, over 6 months; most advisors credit it against the success fee. Firmex2025 | $30K–$60Kmediana $45K | |
| Deal counselSurveyExternal legal spend per M&A deal reported by US private equity firms (average $353K, range $50K–$1M, 2020 data). Large-firm partners in New York averaged $1,972/hour in H1 2025. Apperio2020 Wolters Kluwer ELM Solutions via B2025 | $50K–$1Mmediana $353K | |
| Sell-side quality of earningsSurveyPublished price ranges for a >$150M deal: boutique providers $25K–$50K, buy-side QoE $150K–$400K, sell-side priced 10–30% higher. BD Emerson2026 Bedrock Quality of Earnings2026 | $25K–$520Kmediana $114K | |
| Virtual data roomList price 8 recordMiddle half of list-price totals from 8 vendors whose published plans cover 20 GB and 2 admins for 6 months, billed monthly where offered. Plans are priced for the months billed, not the months used. How data room totals are calculated | $2,499–$18Kmediana $3,764 | |
| R&W insuranceSurvey · Solo a riferimentoLimit 10% of EV ($25M) × rate on line 2–3.5% (Q4 2025 average 3.23%), plus underwriting fee and up to 6% surplus lines tax. Gallagher2025 Vanbridge2024 Vanbridge2024 Typically paid by the buyer; sometimes split. | $535K–$978Kmediana $850K | |
| Escrow held back (not a fee)Survey · Solo a riferimentoCash withheld from proceeds, typically released after ~12 months: median 2.8% of deal value with R&W insurance, 10% without. DealLawyers.com2026 SRS Acquiom2025 Typically paid by the buyer; sometimes split. | continues to $25M → | $7M–$25Mmediana $7M |
| Totale | $0$9.16M | $4.4M–$10.7MSomma delle mediane $6.97M |
La base di ogni voce, le note che l'accompagnano e le tabelle delle operazioni comparabili restano in inglese: citano e riformulano i documenti da cui provengono, e in questo sito le citazioni non vengono tradotte. Fa fede la versione inglese di questa pagina.
Public-company deals used ($125M–$500M)
Each fee is taken from the filing; hover over a fee to see the sentence it comes from. Deal values marked “computed” are the cash price per share multiplied by shares outstanding.
| Target | Deal value | Advisor | Fee | % of value | Source |
|---|---|---|---|---|---|
| Greenbacker Renewable Energy | $375Mstated |  Wells Fargo Securities | $7M | 1.87% | DEFM14AOct 2026 |
| Nathans Famous, Inc. | $418Mcomputed |  Jefferies | $9.6M | 2.30% | DEFM14ASep 2026 |
| Luxfer Holdings PLC | $465Mcomputed |  Deutsche Bank | $8M | 1.72% | DEFM14ASep 2026 |
| AstroNova, Inc.acquired by Arcline | $225Mcomputed | Rockefeller | $4.2M | 1.87% | DEFM14AJul 2026 |
| Simulations Plus, Inc. | $375Mstated |  Morgan Stanley | $11M | 2.93% | DEFM14AJul 2026 |
| Open Lending Corpacquired by Anv | $236Mcomputed | FT | $8.7M | 3.68% | SC 14D9Jun 2026 |
| Cross Country Healthcare Inc. | $428Mcomputed |  BofA Securities | $6.12M | 1.43% | DEFM14AJun 2026 |
| XOMA Royalty Corp | $489Mcomputed | Leerink Partners | $18.4M | 3.76% | DEFM14AJun 2026 |
| Sun Country Airlines Holdings, Inc.acquired by Allegiant | $218Mcomputed |  Goldman Sachs | $22.6M | 10.36% | DEFM14AMar 2026 |
| Calavo Growers, Inc.acquired by Mission Produce | $486Mstated | Jefferies | $12.5M | 2.57% | DEFM14AMar 2026 |
| Diamond Hill Investment Group, Inc.acquired by First Eagle | $430Mcomputed | Broadhaven | $7M | 1.63% | DEFM14AJan 2026 |
| Crawford United Corporationacquired by Spx | $300Mstated | Lake StreetStout | $2.4M | 0.80% | DEFM14AJan 2026 |
| TrueCar, Inc. | $227Mcomputed | Morgan Stanley | $12.5M | 5.51% | DEFM14ANov 2025 |
| WideOpenWest, Inc.acquired by DigitalBridge and Crestview | $290Mstated | Centerview Partners | $19.4M | 6.69% | DEFM14AOct 2025 |
| scPharmaceuticals Inc. | $285Mcomputed | Leerink Partners | $8.8M | 3.09% | SC 14D9Sep 2025 |
| Potbelly Corporationacquired by RaceTrac | $409Mcomputed |  Piper Sandler | $6.9M | 1.69% | SC 14D9Sep 2025 |
| scPharmaceuticals Inc. | $285Mcomputed | Leerink Partners | $8.8M | 3.09% | SC 14D9Sep 2025 |
| Y-mAbs Therapeutics, Inc.acquired by Serb | $354Mcomputed | Centerview Partners | $9.1M | 2.57% | SC 14D9Aug 2025 |
| DallasNews Corp | $150Mcomputed |  J.P. Morgan | $5M | 3.34% | DEFM14AAug 2025 |
| iTeos Therapeutics, Inc. | $385Mcomputed |  TD Cowen | $9.5M | 2.47% | SC 14D9Aug 2025 |
| CARGO Therapeutics, Inc. | $202Mcomputed | TD Cowen | $4.3M | 2.13% | SC 14D9Jul 2025 |
| Sage Therapeutics, Inc.acquired by Supernus Pharmaceuticals | $452Mcomputed | Goldman Sachs | $14.7M | 3.25% | SC 14D9Jul 2025 |
| Verve Therapeutics, Inc.acquired by Eli Lilly and Company | $267Mcomputed | Centerview Partners Guggenheim Securities | $33.7M | 12.60% | SC 14D9Jun 2025 |
| PHX Minerals Inc.acquired by WhiteHawk Energy | $162Mcomputed |  RBCCMIntrepid | $4.25M | 2.62% | SC 14D9May 2025 |
| Checkpoint Therapeutics, Inc.acquired by Sun Pharmaceutical Industries (LW Securities engaged) | $475Mcomputed |  Kroll | $400K | 0.08% | DEFM14AApr 2025 |
| Akoya Biosciences, Inc.acquired by Quanterix Corporation | $199Mcomputed |  Perella Weinberg Partners | $3.5M | 1.76% | DEFM14AApr 2025 |
| 2seventy bio, Inc.acquired by Bristol-Myers Squibb | $262Mcomputed | Goldman Sachs | $8.58M | 3.28% | SC 14D9Apr 2025 |
| Logility Supply Chain Solutions, Incacquired by Aptean | $478Mcomputed |  Lazard | $9.8M | 2.05% | DEFM14AMar 2025 |
| Poseida Therapeutics, Inc. | $390Mcomputed | Centerview Partners | $25.5M | 6.54% | SC 14D9Dec 2024 |
| Poseida Therapeutics, Inc.acquired by Roche | $390Mcomputed | Centerview Partners | $25.5M | 6.54% | SC 14D9Dec 2024 |
| Universal Stainless & Alloy Products Inc | $456Mstated | TD Cowen | $8.1M | 1.78% | DEFM14ANov 2024 |
| ARC Document Solutions, Inc. | $162Mstated |  William Blair | $1M | 0.62% | DEFM14AOct 2024 |
| Iteris, Inc.acquired by Almaviva | $308Mcomputed | Morgan Stanley | $10.5M | 3.41% | DEFM14ASep 2024 |
| G1 Therapeutics, Inc. | $259Mcomputed | Centerview PartnersGuggenheim Securities | $16.9M | 6.54% | SC 14D9Aug 2024 |
| Desktop Metal, Inc. | $349Mcomputed |  Stifel | $4.2M | 1.20% | DEFM14AAug 2024 |
| The Aaron's Company, Inc.acquired by Iqv | $310Mcomputed | J.P. Morgan | $10.1M | 3.26% | DEFM14AAug 2024 |
| Alimera Sciences, Inc. | $498Mcomputed | Perella Weinberg PartnersCenterview Partners | $18M | 3.62% | DEFM14AAug 2024 |
| SilverBow Resources, Inc.acquired by Crescent | $391Mcomputed | BofA Securities Evercore | $32M | 8.18% | DEFM14AJun 2024 |
| Whole Earth Brands, Inc.acquired by Sababa | $211Mcomputed | Jefferies Citi | $13M | 6.17% | DEFM14AJun 2024 |
| Transphorm, Inc.acquired by Renesas | $323Mcomputed | BofA Securities | $6.21M | 1.92% | DEFM14AMar 2024 |
Showing 40 of 58, most recent first. The full list is on the dataset page.
I dataset
- 660Onorari degli advisor M&ADocumenti di fusione e offerte pubbliche, 2023–2026. Onorari per dimensione dell'operazione, fascia dello studio, settore e committente, la parte dovuta al closing e una scheda per ogni banca ricorrente.
- 288Spese legaliStudi presenti su quotazioni, fusioni e procedure Chapter 11: spese legali della quotazione, tariffe orarie dei soci e una scheda per ogni studio ricorrente.
- 86Spese contabiliRevisori delle quotazioni statunitensi e le spese contabili dettagliate dagli emittenti, prezzi delle analisi sulla qualità degli utili e una scheda per ogni società di revisione ricorrente.
- 502Costi di quotazioneProspetti definitivi. Commissione di collocamento e spese legali, contabili, di stampa e di ammissione, voce per voce.
- 52,571Commissioni di collocamentoRaccolte private dichiarate con il Form D, da 2023 Q1 a 2026 Q3. Commissioni e provvigioni per dimensione, strumento e settore.
- 47Compensi nelle procedure Chapter 11Atti dei tribunali. Compensi mensili, compensi di ristrutturazione e tariffe orarie dei professionisti del debitore.
- 132Due diligence, assicurazione e vincoliIndagini pubblicate e listini di studi per i costi che i depositi non rendono noti operazione per operazione.
- 25Data roomPrezzi di listino, stime di terzi e certificazioni dichiarate, quotati per la vostra room.
- 639Elenco dei consulentiBanche, studi legali e revisori tratti da 27 elenchi pubblici, la base di ogni fascia del calcolatore.
Come citare l'indice
Citate la pagina usata come Deal Cost Index, «<titolo della pagina>», versione dati 2026.10.3, con il link. I dati sottostanti sono rilasciati con licenza CC BY 4.0 e si possono scaricare in CSV dalla pagina sulla metodologia; ogni riga conserva il link al documento o alla pubblicazione da cui proviene.