米国案件の専門家報酬
その案件、手数料はいくらかかるのか
Deal Cost Index は、企業が案件を完了させるために投資銀行、弁護士、監査法人、引受証券会社、データルームのベンダーへ支払う金額を測るものです。買収価格、バリュエーション倍率、資金調達コストは扱いません。
案件の条件を入力すると、アドバイザリー、法務、会計、デューデリジェンス、データルームの費用を推計します。各項目は公開書類、公表された調査、ベンダーの料金表から推計し、出典へのリンクを付けています。
推計される専門家報酬
$4.4M–$10.7M
売却（売り手側M&A） · $250M
- M&A advisor fees 93%
- Deal counsel 5%
- Sell-side quality of earnings 2%
- Virtual data room <1%
合計は「含める」とした 4 項目の合算で、公開書類、公表された調査 および ベンダーの料金表から推計しています。灰色の項目は参考表示で、合計には含めません。
これは推計であり、見積もりではありません。 このレンジは他の案件に関する公開情報から導いたものです。実際の報酬は案件の事実関係、起用する相手、交渉の結果によって変わります。本ページの内容は財務、法務、税務、投資のいずれの助言でもありません。 利用条件および免責事項
| 費用項目 | 中央半分と中央値 | レンジ |
|---|---|---|
| M&A advisor fees (all target-side advisors)Filed 58 件Total 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–$9.16M中央値 $6.5M | |
| Fairness opinion fee (part of the advisor fee)Filed 45 件 · 参考表示のみ、合計には含めませんPortion payable on delivery of the opinion, from the same filings. Usually credited against the success fee. | $1M–$1.75M中央値 $1M | |
| Lehman / Double Lehman formulaFormula · 参考表示のみ、合計には含めません5-4-3-2-1 and 10-8-6-4-2 schedules applied to $250M. Shown for reference; this is not an observed fee. | $2.6M–$5.2M中央値 $3.9M | |
| Monthly retainerSurvey · 参考表示のみ、合計には含めません$5,000–$10K a month is the most common retainer, over 6 months; most advisors credit it against the success fee. Firmex2025 | $30K–$60K中央値 $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–$1M中央値 $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–$520K中央値 $114K | |
| Virtual data roomList price 8 件Middle 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–$18K中央値 $3,764 | |
| R&W insuranceSurvey · 参考表示のみ、合計には含めませんLimit 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–$978K中央値 $850K | |
| Escrow held back (not a fee)Survey · 参考表示のみ、合計には含めませんCash 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–$25M中央値 $7M |
| 合計 | $0$9.16M | $4.4M–$10.7M各項目の中央値の合計 $6.97M |
各項目の根拠、その下の注記、そして用いた類似案件の表は英語のままです。これらは出典となる書類を引用し言い換えたものであり、本サイトでは引用を翻訳しません。本ページは英語版が優先します。
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.
データセット
- 660M&Aアドバイザー報酬合併関連書類と公開買付書類、2023年から2026年。案件規模、区分、業種、依頼者別の報酬、成立時に支払われる部分、そして登場頻度の高い各社の概要。
- 288法務費用IPO、合併、チャプター11事件に関与した法律事務所。IPOの法務費用、パートナーの時間単価、登場頻度の高い各事務所の概要。
- 86会計費用米国IPOの監査人と発行会社が内訳として示した会計費用、財務デューデリジェンスの価格、登場頻度の高い各監査法人の概要。
- 502IPO費用最終目論見書。引受手数料率と、法務、会計、印刷、上場の各費用の内訳。
- 52,571募集手数料Form D による私募、2023 Q1 から 2026 Q3 まで。規模、証券の種類、業種別の手数料と仲介報酬。
- 47チャプター11の起用条件裁判所記録。債務者側の各専門家の月額報酬、再編報酬、時間単価。
- 132デューデリジェンス、保険、エスクロー提出書類が案件ごとに開示しない費用について、公表された調査と各社の料金表を収録。
- 25データルーム公表価格、第三者による推定、各社が示す認証を、入力した条件で価格計算。
- 639アドバイザー一覧27件の公開リストに載る投資銀行、法律事務所、監査法人。計算機の区分の根拠。
引用の方法
引用は Deal Cost Index「<ページ名>」データ版 2026.10.3 の形式で、リンクを付けてください。元データは CC BY 4.0 で提供し、方法論のページから CSV で入手できます。各行は出典となる書類や刊行物へのリンクを保持しています。