Evercore to acquire UK advisory firm Robey Warshaw for $196 million

LONDON - Investment banking advisory firm Evercore (NYSE:EVR), a $12.4 billion market cap company with impressive revenue growth of 27% over the last twelve months, announced Wednesday it has agreed to acquire UK-based independent advisory firm Robey Warshaw for £146 million ($196 million), payable in two tranches. According to InvestingPro data, Evercore maintains a "GREAT" financial health score, positioning it well for strategic acquisitions.

The transaction, expected to close at the beginning of the fourth quarter of 2025, includes potential additional consideration based on defined performance criteria over a multi-year period, according to a press release statement.

The first payment will be made in Evercore stock at closing, with the second payment at the one-year anniversary in stock or cash as agreed between the companies.

Founded in 2013, Robey Warshaw has built a reputation advising multinational companies in Europe. The acquisition will enhance Evercore’s presence in the UK, which is the largest M&A advisory market in Europe.

"Robey Warshaw brings extraordinary, long-standing relationships with some of the world’s leading multinational companies," said John S. Weinberg, Evercore’s chairman and chief executive officer.

With the addition, Evercore will have more than 400 bankers across nine countries in the EMEA region. The company expects the acquisition to be accretive to its adjusted and GAAP earnings per share in the first full year after completion.

Simon Robey, co-founder of Robey Warshaw, said, "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."

The acquisition represents another expansion step for Evercore, which was founded in 1995 and has grown to become the third largest investment banking advisory firm globally by revenue.

In other recent news, Evercore reported its first-quarter 2025 earnings, significantly surpassing analysts’ expectations with an adjusted earnings per share (EPS) of $3.49, compared to the forecasted $2.35. The company noted a 19% year-over-year increase in net revenues, driven by strong performance across various business lines and strategic talent acquisition. Additionally, Evercore disclosed a $250 million private placement of senior notes, with $125 million in Series K senior notes due 2030 and $125 million in Series L senior notes due 2032.

Morgan Stanley upgraded Evercore from Equalweight to Overweight, citing the company’s significant exposure to large-cap deals as a key factor. Conversely, Citizens JMP downgraded Evercore from Market Outperform to Market Perform following an 80% rally in the stock. Evercore also announced the expansion of its Chicago office to accommodate its growing team and strengthen its Midwest presence. These developments reflect Evercore’s active engagement in strategic growth and financial activities.

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