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Perella Weinberg lists on Nasdaq market amid investment banking boom
Merger and acquisition deals worth more than $1.8 trillion have already been announced this year
New York-based investment bank Perella Weinberg Partners listed on the Nasdaq market after a merger with a special purpose acquisition company sponsored by finance entrepreneur Betsy Cohen. Bloomberg
Bloomberg
Jun 29, 2021
The rumours about a Perella Weinberg Partners initial public offering began as early as the year it was founded.
Now, 15 years later, the boutique investment bank went public in a way that few would have imagined. After investors approved a deal for the investment bank to merge with a special purpose acquisition company sponsored by finance entrepreneur Betsy Cohen, Perella Weinberg started trading on Friday.
Marie-Soazic Geffroy to Join Perella Weinberg Partners as Partner
New appointment will strengthen FIG advisory capabilities in Europe
Perella Weinberg Partners ( PWP ) announced today that Marie-Soazic Geffroy has agreed to join the firm this summer, as a Partner in its Advisory business. Ms. Geffroy will lead the firm s Financial Institutions Group in Europe.
Ms. Geffroy joins PWP with over 20 years of experience gained across Europe and Asia, having most recently served as a Managing Director and Vice Chairman at Morgan Stanley Europe. She has a distinguished track record advising on high-profile assignments across financial services, including Swiss Re s sale of ReAssure to Phoenix for £3.25 billion, Zurich Insurance Group s acquisition of Metlife US P&C business for $3.9 billion and Allianz s sale of a €1.4 billion closed life book to Monument Re. Ms. Geffroy began her career at Morgan Stanley in 1997 and acted as head of the FIG Group in Asia there for five years before r
Breakingviews
3 Min Read
Peter Weinberg, head of advisory at Perella Weinberg Partners, speaks during a Reuters Breakingviews panel in New York, U.S. January 10, 2017. REUTERS/Lucas Jackson
NEW YORK (Reuters Breakingviews) - Perella Weinberg is injecting some financial sense into one of the hottest market trends. The advisory firm founded by Joseph Perella, Peter Weinberg and Terry Meguid has registered a $977 million valuation in a deal to sell itself to a special-purpose acquisition company. It is a sensible price for a real business in a competitive market.
The firm’s 60-odd partners made their careers doling out advice to companies like cruise-liner operator Royal Caribbean and private equity giant KKR. The boutique firm, with a 15 year track record, brought in $533 million of revenue in 2019, posting a compound annual growth rate of 15% on average over the three years prior. On an adjusted basis, Perella Weinberg actually makes a profit, too.
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