Evercore has reached an agreement to acquire Robey Warshaw, a UK-based independent advisory firm, for a consideration £146m ($196m).
Set up in 2013, Robey Warshaw has been providing advisory services to some of Europe’s leading multinational companies and have “impressive” client base.
Evercore anticipates that this move will enhance its UK market positioning and create new opportunities for client engagement across the EMEA region and globally.
Evercore projects that the acquisition will contribute positively to its adjusted and GAAP earnings per share (EPS) from the first full year following the merger.
The Robey Warshaw addition will expand Evercore’s regional team to more than 400 bankers across nine countries, with its advisory services complementing Evercore’s global platform.
Evercore chairman and CEO John Weinberg said: “Robey Warshaw brings extraordinary, long-standing relationships with some of the world’s leading multinational companies.”
“Their addition to Evercore strengthens our global platform and creates exciting opportunities to expand the value we deliver to clients around the world.”
The deal is structured to be completed in two payments. The first is to be made in Evercore stock at the deal’s closing, with the second scheduled for the one-year anniversary, to be paid in either stock or cash as determined by the two parties.
The transaction also includes the possibility of additional consideration based on Robey Warshaw’s performance over a set period following the acquisition.
The acquisition is slated for completion at the beginning of the fourth quarter of 2025.
Robey Warshaw co-founder Simon Robey stated: “I admire the way Evercore has grown its business so strongly and in the right way. We and Evercore share commitments to client service, excellence, integrity and independent advice.
“We also have a shared ambition to drive further growth. Our clients will continue to get the personal attention and care we have always strived to provide. They will also be able to benefit from greater global reach, broad product capabilities and sector expertise.”
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