£100m bonanza for dealmakers

BANKERS, lawyers and spin doctors will split a £100m-plus bonanza from the sale of British trading firm Nex to Chicago business CME.

Nex is paying advisers £45.5m, with the lion’s share, £37.9m, going to brokers and investment banks including Goldman Sachs.

lawyers will get £6.6m and its public relations agency is to be handed £400,000.

CME is doling out £63.3m, with financiers including Jp Morgan and Barclays in line to pocket £54.7m.

The lawyers get £7.1m, accountants £1.2m, and pR people £300,000. Nex founder Michael Spencer will be the biggest winner from its £3.9bn takeover by CME.

He is in line to pocket £670m from his stake in the firm. Spencer, 62, will stay on as chief executive of Nex for six months after the takeover.