Robey Warshaw, the Mayfair takeover adviser where George Osborne is a partner, has been sold to US investment bank Evercore in a £146 million deal.
The boutique M&A specialist founded by investment bankers Sir Simon Robey, Simon Warshaw and Philip Apostolides in 2013, has worked on some of the biggest deals of the past decade.
The former Chancellor, who also served as editor of the Standard, joined as the fourth partner in 2021 and a fifth, Chetan Singh, came on board in 2024.
Last year the firm made record profits of £70 million of which Robey is believed to have collected £40 million, with the remaining £30 million shares around the other partners.
Deals it has worked on include Comcast’s takeover of Sky UK, Todd Boehley’s bid for Chelsea FC and Abu Dhabi-backed RedBird IMI’s protracted struggle to take control of the Telegraph newspaper .
The £146 million will be paid in two tranches, with the first payment in Evercore stock at closing, and the second payment at the first anniversary in stock or cash as agreed between Evercore and Robey Warshaw.
There is also potential additional payment “which is based on defined performance criteria over a multi-year period.” The deal is expected to close at the beginning of the fourth quarter of 2025.
Evercore said the acquisition of addition of Robey Warshaw, it will have more than 400 bankers across nine countries across Europe.
John S. Weinberg, Evercore’s chairman and chief executive officer 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.” “
New York based Evercore was founded in 1995 and is now ranked as the third largest investment banking advisory firm in the world, as ranked by revenue.
Roger C. Altman, Evercore’s founder and senior chairman said: “Now, we are taking another big step forward by combining with Robey Warshaw.
“This will elevate the firm further in the UK, across Europe and globally. We have long admired Simon Robey and his colleagues, and their standard of excellence. This is a fortuitous and timely combination.”
Sir Simon Robey, , said: “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. Evercore is the right home for all of us, and I’m personally very excited to have made a long-term commitment to playing my part in its future.”
