Evercore has signed a deal to acquire Robey Warshaw, an independent advisory firm based in the UK, in a deal valued at £146m ($196m).
Listed on the New York Stock Exchange (NYSE), Evercore is an investment banking advisory firm.
According to Evercore, the first payment towards the acquisition will be made in its stock upon closing. The second will be made one year later in either stock or cash, based on an agreement between the parties.
Robey Warshaw, established in 2013, is engaged in providing corporate finance advice and has served multinational firms across Europe.
Robey Warshaw co-founder 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.”
The acquisition is anticipated to enhance Evercore’s growth strategy by strengthening its presence in the UK’s merger and acquisition (M&A) advisory market and expanding client opportunities across Europe, the Middle East, and Africa (EMEA) and globally.
The combined entity will have more than 400 bankers in nine countries.
Evercore chairman and CEO John Weinberg 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.”
The transaction is expected to close at the start of Q4 2025 and is projected to be accretive to Evercore’s Adjusted and GAAP earnings per share in the first year post-acquisition. Additional consideration could be awarded based on performance metrics over several years.
In a separate announcement, Evercore reported its financial results for the second quarter (Q2) and first half (H1) of 2025, with revenues reaching $833.8m and $1.5bn respectively on a US GAAP basis. These figures represent increases of 21% for the second quarter and 20% for the first half compared to the same periods in 2024.
Operating income also saw a rise, with second-quarter figures showing a 39% increase to $150.4m on a US GAAP basis.
