Robey Warshaw
{{Short description|Investment bank based in London}}
{{Infobox company
| name = Robey Warshaw LLP
| logo = Robey Warshaw.png
| type = Private
| key_people = {{plainlist |
- Partners:
- Sir Simon Robey
- Philip Apostolides
- Simon Warshaw
- George Osborne
- Chetan Singh
}}
| industry = Investment banking
| revenue = £40.1 million (2021){{cite web |title=Profits rebound at boutique advisory firm Robey Warshaw |url=https://www.ft.com/content/d36fc2b9-0217-4d9f-a1d7-0dd21c880b45 |website=Financial Times |date=19 December 2021}}
| operating_income =
| net_income = £30.1 million (2021)
| assets =
| homepage = {{url|http://robeywarshaw.com/}}
| foundation = {{Start date and age|df=yes|2013|10|1}}
| location_city = 31 St James's Place, London
| location_country = United Kingdom
}}
Robey Warshaw LLP is a boutique investment bank based in London. The firm was founded in 2013 and is led by investment bankers Sir Simon Robey, Philip Apostolides, and Simon Warshaw.{{Cite news|url=https://www.reuters.com/article/robey-warshaw-profits-idUSL8N1OZ1J6|title=Boutique M&A advisory firm Robey Warshaw sees profits surge after major deals|date=2018-01-04|work=Reuters|access-date=2020-04-15|language=en}}
History
Robey, Apostolides and Warshaw were prominent dealmakers in the City of London prior to setting up the firm.{{cite news |title=The beer's on them: Robey Warshaw, the tiny bank at the heart of a mega-merger |url=https://www.theguardian.com/business/2015/sep/19/robey-warshaw-tiny-bank-brewing-mega-merger |newspaper=The Observer |date=2015-09-19 |last=Hellier |first=David |access-date=2016-02-26}} Robey was a former co-head of mergers and acquisitions at Morgan Stanley, Warshaw was a co-head of investment banking at UBS, while Apostolides was a managing director in Morgan Stanley's financial sponsors group.{{cite news |title=Beer merger advisers land mega-deal by telling clients when to say no |url=https://www.reuters.com/article/us-sabmiller-m-a-ab-inbev-idUSKCN0S72HO20151013 |last=Berry |first=Freya |date=2015-10-13 |access-date=2016-02-26 |work=Reuters}}{{cite news |title=Simon Robey and Sir Simon Robertson make first hires for new boutique |url=https://sg.finance.yahoo.com/news/simon-robey-sir-simon-robertson-102801338.html |last=Butcher |first=Sarah |date=2013-01-23 |access-date=2016-02-24 |website=Yahoo! Finance}} In 2020, former Chancellor of the Exchequer George Osborne joined the firm as the first new Partner since its founding.{{cite news |last1=Massoudi |first1=Arash |last2=Barker |first2=Alex |title=George Osborne drops portfolio career for M&A role at Robey Warshaw |url=https://www.ft.com/content/99ea2488-fe1d-407f-9dda-a537d7471d65 |access-date=2 February 2021 |work=Financial Times |date=1 February 2021}}
According to The Observer, banking experts have attributed Robey Warshaw's early success to the connections of its founders and its ability to remain discreet during negotiations owing to its small size, at fewer than 20 employees. The Telegraph highlighted the firm's "personal approach" favoured by corporate executives.{{cite news |title=The two Simons behind the blockbuster Shell/BG Group deal |url=https://www.telegraph.co.uk/finance/comment/11529939/The-two-Simons-behind-the-blockbuster-ShellBG-Group-deal.html |newspaper=The Daily Telegraph |date=2015-04-11 |last=Armstrong |first=Amy |access-date=2016-02-27}}
Partners
- Sir Simon Robey (since 2013)
- Philip Apostolides (since 2013)
- Simon Warshaw (since 2013)
- George Osborne (since 2020)
- Chetan Singh (since 2024){{Cite web |last=Clarke |first=Paul |date=2 July 2024 |title=Robey Warshaw hires JPMorgan dealmaker Singh as a partner |url=https://www.fnlondon.com/articles/robey-warshaw-hires-jpmorgan-dealmaker-singh-as-a-partner-d85813cc}}
Notable activities
- In 2014, Robey Warshaw helped AstraZeneca successfully fend off a politically charged merger bid by Pfizer.{{cite news |title=Tiny Bank Robey Warshaw Reaps Huge Payday From Shell-BG Takeover |url=https://www.bloomberg.com/news/articles/2015-04-08/bankers-set-to-reap-155-million-in-fees-on-shell-bg-takeover |last1=David |first1=Ruth |last2=Nair |first2=Dinesh |website=Bloomberg Business |date=2015-04-08 |access-date=2016-02-26}}
- In 2015, it served as adviser to BG Group and SABMiller in their mergers with Royal Dutch Shell and Anheuser-Busch InBev respectively.
- In 2018, it advised Comcast on their takeover bid for Sky UK.{{Cite news |url=https://www.ft.com/content/5ab1a246-bf48-11e8-95b1-d36dfef1b89a |title=Sky deal opens new horizons for Comcast |last=Garrahan |first=Matthew |date=2018-09-24 |work=Financial Times | url-access=subscription |access-date=2018-09-24}}
- In 2021, it advised the London Stock Exchange Group on its acquisition of data provider Refinitiv. In the same year, it advised National Grid plc on its purchase of Western Power Distribution.
- In 2022, it advised a consortium led by former Guggenheim Partners, President Todd Boehly on its bid for Chelsea F.C.{{Cite news |date=2022-05-13 |title=HSBC Taps Boutique Adviser Robey Warshaw for Defense Role |language=en |work=Bloomberg.com |url=https://www.bloomberg.com/news/articles/2022-05-13/hsbc-said-to-tap-boutique-adviser-robey-warshaw-for-defense-role |access-date=2022-05-18}} In the same year it also advised HSBC on its defense against a proposed spin-off of its Asian unit by its shareholder, Ping An Insurance.
- In 2023, it advised HSBC on their rescue of Silicon Valley Bank's UK arm, with Simon Robey and George Osborne at the helm.{{Cite web |date=14 March 2023 |title=Project Yeti: How HSBC bought Silicon Valley Bank UK for £1 |url=https://www.ft.com/content/445e98c2-f124-4113-a9cd-53c448df4790 |website=Financial Times}} In the same year, it also advised John Lewis Partnership on a potential controversial stake sale, which would end John Lewis' 100% staff-owned model.{{Cite web |author1=Meddings, Sabah |author2=David, Ruth |date=28 March 2023 |title=John Lewis Talks to Bankers Robey Warshaw and Rothschild on Stake Sale Proposal |url=https://www.bloomberg.com/news/articles/2023-03-27/john-lewis-talks-to-bankers-robey-warshaw-and-rothschild-on-stake-sale-proposal |website=Bloomberg}}
References
{{Reflist}}
External links
- {{Official website|http://robeywarshaw.com/}}
{{Investment banks}}
Category:British companies established in 2013