Axa-XL deal will pay Morgan Stanley a fee bonanza

Morgan Stanley will collect $42mn in investment banking fees
once Axa's acquisition of XL Group is completed, triggering
what may be a memorable bonus round for the bank's financial
institutions team.
Morgan Stanley acted as XL's financial adviser on the deal,
with support from boutique investment bank Ardea Partners.
Skadden, Arps, Slate, Meagher & Flom provided legal counsel
to XL, while Cravath, Swaine & Moore served as Axa's
outside legal advisers. JP Morgan served as financial advis