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Greenhill & Co.

Greenhill
Public company
Traded as NYSEGHL
Industry Investment Banking
Founded 1996
Headquarters 300 Park Avenue (Manhattan)
New York City, United States
Key people

Robert F. Greenhill (Chairman and Founder)

Scott L. Bok (CEO)
Products Investment Banking
Revenue 11px $287 million (2013)[1]
#redirect Template:If affirmed 11px $47 million (2013)[2]
Website www.greenhill.com

Greenhill is a prominent, New York based, independent investment bank founded in 1996 by Robert F. Greenhill. It is widely regarded as one of the most prestigious and elite independent advisory firms on Wall Street.[3]

The firm provides advice on mergers, acquisitions, restructurings, financings, and capital raisings to leading corporations, partnerships, institutions and governments across a number of industries. Recent clients include Actavis, Alcoa, Gannett, GlaxoSmithKline, London Stock Exchange Group, Safeway, Tesco and the US Department of Treasury.[4]

History

Greenhill was established in New York in 1996 by Robert F. Greenhill, the former President of Morgan Stanley and former Chairman and Chief Executive Officer of Smith Barney. He founded the first M&A group on Wall Street while at Morgan Stanley and became an early pioneer of the industry.[5]

Greenhill has been featured in many prominent assignments since its founding including the $100 billion acquisition of ABN AMRO in 2007, the United States Department of Treasury's divestiture of its $51 billion stake in AIG in 2012, and the $17 billion merger between Northwest Airlines and Delta Airlines in 2008.[6] The firm was also involved as an adviser to a highly influential group of former Morgan Stanley partners in their successful and controversial bid to have former Morgan Stanley CEO Philip J. Purcell step down in 2005.[7]

Like a number of other independent investment banks, Greenhill has grown by recruiting a significant number of Managing Directors from major investment banks (as well as senior professionals from other institutions).[8] The firm has also expanded globally, opening further offices in North America, Europe, Australasia, Asia and South America.[9]

In May 2004, the firm completed an initial public offering of common stock onto the New York Stock Exchange.[10]

Recent activities

In October 2013, the firm announced that it had opened an office in São Paulo in conjunction with hiring Daniel Wainstein, the former head of Goldman Sachs' Brazilian investment banking business.[11]

In 2014, Greenhill advised on the $25 billion acquisition of Forest Laboratories by Actavis and the $10 billion merger between Safeway and Albertsons.[12] Both transactions were among the ten largest of the year globally.

In January 2015, Greenhill agreed to purchase Cogent Partners, a leading investment bank focused on secondary market advisory for private equity investments.[13]

References