With Motorola Mobile’s Sale, Quattrone’s Qatalyst Scores Largest Deal Ever

Frank Quattrone’s investment bank reeled in a big one.

Today, Google announced it was buying Motorola Mobility Holdings for $40 a share, or $12.5 billion. The deal is the largest ever for Google, according to Dealbook.

More importantly, the Motorola Mobility sale is the biggest transaction that Qatalyst Partners has ever advised on, according to Thomson Reuters. It is nearly double Qatalyst’s next largest deal which is Texas Instrument’s buy of National Semiconductor announced earlier this year (this weighed in at $6.5 billion). Qatalyst, along with Goldman Sachs, advised National Semiconductor.

The Motorola transaction vaults Qatalyst into 17th place for U.S. M&A advisors with 14 deals, according to Dealogic. This is up from 24th where it stood last Friday, Dealogic says. As such, Qatalyst is isn’t yet in bulge bracket territory but it’s gearing up. J.P. Morgan is currently No.1 while Goldman Sachs is No. 2 for U.S. M&A advisors, Dealogic says.

Qatalyst didn’t advise Motorola by itself. David St. Jean and David Handler of Centerview Partners also advised Motorola. David Karp and Damian Didden of Wachtell, Lipton, Rosen & Katz was their attorney.

Curiously, Quattrone himself isn’t getting credit for the Motorola deal. Instead, I’m told it was George Boutros, Quattrone’s former deputy from Credit Suisse Group, who was lead banker on the Motorola sale. Boutros joined Qatalyst in June 2010 where he is a partner.

Quattrone and Boutros have been together for years. The two led a group of tech bankers for more than 10 years as they jumped from Morgan Stanley to Deutsche Bank to Credit Suisse, according to Bloomberg. Boutros remained at Credit Suisse after Quattrone was forced to leave in 2003. At Credit Suisse, Boutros last positions included chairman of its global tech as well as chairman of its global health group.

Who else advised on the Motorola sale? Antonio Weiss, Paul Haigney and John Gnuse of Lazard provided financial advice to Google. Ethan Klingsberg and David Gelfand  of Cleary Gottlieb Steen & Hamilton served as their legal advisors.

Officials for Qatalyst could not be reached for comment.

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