 | |
 Headquarters at1271 Avenue of the Americas | |
| Industry | Investment Banking |
|---|---|
| Founded | 1996; 30 years ago (1996) |
| Founder | Robert F. Greenhill |
| Headquarters | 1271 Avenue of the Americas, |
Key people | Robert F. Greenhill (chairman emeritus) Scott L. Bok (chairman) Kevin Costantino (Co-Head - Greenhill New York) David A. Wyles(Co-Head Greenhill London) |
| Products | Investment Banking |
| Revenue |  US$336 million (2016)[1] |
| US$61 million (2016)[1] | |
| Owner |
|
Number of employees | 364 (December 31, 2021) |
| Website | greenhill |
Greenhill & Co., Inc. is an Americaninvestment bankingadvisory firm founded in 1996 inNew York byRobert F. Greenhill. The firm provides advice on significantmergers,acquisitions, restructurings, financings, and capital raisings to leadingcorporations,partnerships,institutions andgovernments across a number of industries. Since its inception, Greenhill has advised on transactions valued at close to $3 trillion.
Recent clients includeActavis,Alcoa,Brookfield Corporation,Cigna,International Flavors & Fragrances,Fluor Corporation,Gannett,GlaxoSmithKline,London Stock Exchange Group,Safeway,Tegna Inc.,Tesco,Teva,US Department of Treasury, andWhirlpool Corporation.[2] Located in New York, it remains a global pure advisory firm entirely focused on complex financial transactions across the globe.[3]
In May 2023, Japanese conglomerateMizuho acquired Greenhill for $550 million in an all cash transaction.[4][5] On December 1, 2023 it was announced that the purchase had been completed, pursuant to which Greenhill will operate as an independent M&A and restructuring advisory arm.[6]
Greenhill & Co. was established inNew York City in 1996 byRobert F. Greenhill, the former president ofMorgan Stanley and former chairman and chief executive officer ofSmith Barney. He founded the first M&A group on Wall Street while at Morgan Stanley and became an early pioneer of the industry.[7]
Greenhill & Co. has been featured in many prominent assignments since its founding including the $100 billion acquisition ofABN AMRO in 2007, the United States Department of Treasury's divestiture of its $51 billion stake inAIG in 2012,Roche on the $46.9 billion acquisition of the outstanding publicly held interest inGenentech in 2009, and the $17 billion merger betweenNorthwest Airlines andDelta Air Lines in 2008.[8] The firm was also involved as an adviser to a highly influential group of formerMorgan Stanley partners in their successful and controversial bid to have former Morgan Stanley CEOPhilip J. Purcell step down in 2005.[9]
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).[10] The firm has also expanded globally, opening further offices and operations in North America, Europe, Australasia, Asia, South America and the Middle East, most recently in Singapore.[11]
In May 2004, the firm completed aninitial public offering ofcommon stock onto theNew York Stock Exchange.[12]
In October 2013, the firm announced that it had opened an office in São Paulo in conjunction with hiring Daniel Wainstein, the former head ofGoldman Sachs' Brazilian investment banking business.[13]
In 2014, Greenhill advised on the $25 billion acquisition ofForest Laboratories byActavis and the $10 billion merger betweenSafeway andAlbertsons.[2] 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.[14]
In July 2015, Greenhill advisedTeva Pharmaceuticals on the $40.5 billion acquisition ofAllergan plc’s Generics business in one of the largest transactions globally in 2015.[15]
In 2017, Greenhill advisedTesco on the £3.7 billion acquisition ofBooker, the UK's largest food wholesale operator,[16][17] and advisedLadbrokes Coral for a £4 billion takeover approach byGVC.[18]
In 2019, Greenhill advisedInternational Flavors & Fragrances on its merger with DuPont’s Nutrition & Biosciences (N&B) business in a Reverse Morris Trust transaction. The deal valued the combined company at $45.4 billion on an enterprise value basis, reflecting a value of $26.2 billion for the N&B business based on IFF’s share price as of December 13, 2019.[19]
In 2019, the firm advisedTotal System Services, Inc., a provider of payment processing, merchant services and payment services, on its $21.5 billion merger withGlobal Payments Inc., a payment technology company focused on merchant acquiring and software solutions.[20]
In 2022, the firm advisedBrookfield Corporation on its acquisition of control ofWestinghouse Electric Company, one of the world’s largest nuclear services businesses, for an enterprise value of $7.9 billion.[21] Following the completion of the transaction, Brookfield holds a 51% stake in Westinghouse, with the remaining stake held byCameco Corporation.
In May 2023, Japanese groupMizuho agreed to acquire Greenhill for $550 million.[4]
Greenhill operates from 17 offices globally across North and South America, Europe and the Middle East, and Asia and Australia:[22]
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