Greenhill acquires Cogent Partners
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I like it, I think the deal was well structured (from an incentives perspective) and they are buying a platform/firm versus EVR seemed to bring on a few senior bankers to build out their practice. Cogent seems to be respected in the space, so we shall see.
I think GHL was overdue for some shock/change as their 2014 performance (relative) to other boutiques did not seem to impress.
What were your thoughts?
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