 | |
 | |
| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | 1999; 26 years ago (1999) |
| Founder |
|
| Headquarters | 330 Madison Avenue New York,NY 10017 U.S. |
Area served | Worldwide |
Key people | Mark Walter (CEO) |
| Products | Investment banking Capital markets Investment management Merchant banking Wealth management Insurance Exchange-traded funds Unit investment trusts |
| Services | Diversified financial services |
| AUM | $330 billion |
Number of employees | 2,400 |
| Website | guggenheimpartners guggenheiminvestments |
Guggenheim Partners, Inc is a global investment and advisoryfinancial services firmheadquartered inNew York City that engages ininvestment banking,asset management,capital markets services, and insurance services. Guggenheim has approximately 2,000 employees. The firm has additional offices inChicago,London,Los Angeles, andSan Francisco. It facilitates deals in many financial and industrial sectors.
Guggenheim Partners was founded in 1999 in partnership with theGuggenheim family.Headquartered inMidtownManhattan, it has more than US$330 billion ofassets under management.[1] The firm's CEO isMark Walter.
Guggenheim Partners provides a broad range of services across asset management andinvestment banking. Guggenheim Investment Advisors oversees about $50 billion in assets.[2][3]
Guggenheim advises clients onmergers and acquisitions,financial restructuring, capital structure and capital raising, and on other strategic and financial transactions. The firm advises corporate clients, family offices, governments, and special committees of Boards of Directors. The firm’s transactions range across industries including consumer and retail, energy, financial institutions, healthcare, industrials, technology, and media and telecommunications.[4]
In October 2009, Guggenheim hired formerJ.P. Morgan head of Media Investment Banking Mark Van Lith as Senior Managing Director and Head of Investment Banking and formerApollo Global Management director and vice chairmanHenry Silverman as vice chairman of asset management.[5]
In January 2013, Guggenheim named formerYahoo! interim CEORoss Levinsohn as CEO ofprivate equity unit Guggenheim Digital Media.[6]
In May and June 2013, the firm also hiredGoldman Sachs Group Inc.'s co-head of U.S.leveraged financecapital markets Tom Stein, formerBarclays head of retail investment banking and vice chairman Andrew Taussig, as well as managing directors Spencer Hart, Matthew Pilla, Ken Harada and Ryan Mash.[7]
In September 2013, Guggenheim Securities was named a financial adviser toVerizon in connection with its $130 billion acquisition ofVodafone's 45% stake inVerizon Wireless.[8]
In March 2014, Guggenheim Securities hired Eric Mandl as a Senior Managing Director focusing on Technology, Media and Telecom Investment Banking.[9] In June 2016, they hired Joel Foote as a Senior Managing Director focusing on Energy Investment Banking.[10]
On December 17, 2015, it was reported that the company wouldspin out its media properties into a newholding company,Eldridge Industries, owned by an investment group led by Guggenheim presidentTodd Boehly, consisting ofMediabistro,Billboard andThe Hollywood Reporter, andDick Clark Productions.[11][12]
In April 2018, Invesco Ltd. announced that it completed its previously announced acquisition of Guggenheim Investments' exchange-traded funds (ETF) business, which consisted of $38.8 billion of assets under management (as of February 28, 2018) for $1.2 billion in cash.[13]
In October 2018, Guggenheim Securities was named the lead financial adviser toRed Hat in connection with its $34 billion sale toIBM.[14] The Red Hat sale was, at the time, the largest software transaction in history.[15]
In September 2019, Donini was named to the additional role of Chief Operating Officer of Guggenheim Partners and Andrew Rosenfield, a managing partner, was appointed president.[16] Also in September 2019, Guggenheim hired former Deputy United States Attorney and Director of the Division of Enforcement of theSecurities and Exchange Commission Robert S. Khuzami as a Managing Partner and Chief Legal Officer. In the private sector Khuzami was a partner atKirkland & Ellis LLP and worked atDeutsche Bank AG, including as General Counsel for the Americas.[17]
Guggenheim was a financial advisor to the Directors ofGilead Sciences during the acquisition of CymaBay for $32.50 per share in cash or a total equity value of $4.3 billion in February 2024.[18] They were also advisor to Insight Sourcing in their sale toAccenture earlier that year.[19]
In September 2023, Guggenheim was the co-manager for the initial public offering ofArm Holdings, a portfolio company of theSoftbank Group at a valuation of $4.87 billion.[20]
In November 2024, the firm was retained by American sandwich chainJersey Mike's Subs as lead advisor on their sale toBlackstone.[21] This deal was valued at approximately $8 billion.
In January 2025, Guggenheim advised Major League Baseball (MLB) in its $9 billion debt restructuring deal in connection withMain Street Sports Group.
The firm's restructuring team offers services that include advising companies, governments, creditors, and financial sponsors on distressed M&A, recapitalizations, reorganizations, exchange offers, debt repurchases and capital raises across industries such as automotive, consumer products, energy, financial institutions, healthcare, real estate, gaming & leisure, manufacturing, media & communications, retail, shipping, steel and transportation.
The firm competes with all investment banks that provide strategic advisory services. Main competitors include other leading independent advisory firms such asCenterview, Hamilton Lane,Evercore,Greenhill & Co.,Moelis & Company,Lazard, andPerella Weinberg Partners.[22]
In May 2009, Guggenheim Partners acquired acontrolling interest in financial services firmTransparent Value LLC.[23] In July 2009, it acquired Claymore Group, a firm known for itsExchange-traded funds andunit investment trusts.[24] In December 2009, Guggenheim acquired a division ofWellmark and renamed it Guggenheim Life & Annuity.[25] In February 2010, Guggenheim Partners acquired Security Benefit Corp, parent company of Rydex Funds.[26] In October 2011, it acquired the life insurance company EquiTrust fromFBL Financial Group.[27] In 2012, Guggenheim affiliates acquired the US annuities business of Canadian insurersIndustrial Alliance andSun Life Financial.[28][29]
In July 2014, Guggenheim announced the launch of a representative office in Tokyo and the hiring of Atsuhito Sakai as Senior Managing Director and Guggenheim's Representative in Japan.[30] Also in 2014, the firm acquired the London operations of Lazard Capital Markets.[31] Guggenheim Securities expanded its investment banking business in July 2019 in Chicago with the hiring of two senior bankers from William Blair's technology group, James Suprenant and Scott Stevens.[32]
That September, Guggenheim bought a stake in the entertainment production companyDick Clark Productions,[33] which produces specials such as theAmerican Music Awards and theGolden Globe Awards and other television programming.
In January 2013, the company bought out the remainder of thebusiness-to-business media companyPrometheus Global Media[34][35] and acquiredCardCash in November of the same year.[citation needed] In February 2014, Guggenheim Partners acquired theLos Angeles Sparks of theWNBA.[36]
In November 2021, it was reported that Guggenheim Investments, alongside the actorChanning Tatum and fellow investment company Endeavor, had agreed to backstop the planned $1 billion merger between Los Angeles-basedblank-check firm Bright Lights andManscaped.[37]
