Evercore acquires Robey Warshaw

Article out today in the FT:

"Evercore has agreed to buy elite UK advisory firm Robey Warshaw for $196mn, as the US investment bank steps up its challenge to the likes of Goldman Sachs, Morgan Stanley and JPMorgan Chase in Europe with the addition of some of London’s best-known dealmakers. New York-based Evercore will pay the equivalent of $40mn for each of Robey Warshaw’s five partners, which include former UK chancellor George Osborne, as it strengthens its presence in the second-largest market after the US for investment banking fees. The deal will transform Evercore’s lagging position in Britain, where since its founding in 2013 Robey Warshaw has consistently won mandates against Wall Street’s dominant banks."