No. 1LondonMonday 2 November 2026Est. 2026

The Secret Banker

What the big banks charge, found from public information as best I could, with the source under every figure. And a Panel.

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Dunmore & Rook

The Panel

Proudly independent, right up to the fee letter.

Terms as discussed

Minimum£150m deal sizeP4
Indicative feeM&A 1.81% success feeP4
Retainer£34,250 a month, credited against the success feeP4

Culture

They will tell you, unprompted, that they have no balance sheet and therefore no conflicts.

Minutes

The firm last appeared in the Panel Minutes for the third quarter.