[go: nahoru, domu]
Jump to content

Centerview Partners: Difference between revisions

Edit links
From Wikipedia, the free encyclopedia
Browse history interactively
← Previous edit
Content deleted Content added
VisualWikitext
m →‎Recent activities: Added the $39 billion acquisition of Alexion Pharma by AstraZeneca. Source is same as other transactions (Centerview Transaction Page)
Removed unreferenced information in "recent activities" section.
 
(29 intermediate revisions by 23 users not shown)
Line 1: Line 1:
{{puffery|date=March 2023}}
{{Short description|American investment banking firm}}
{{distinguish|Centerbridge Partners}}
{{distinguish|Centerbridge Partners}}
{{Infobox company
{{Infobox company
| name = Centerview Partners
| name = Centerview Partners
| logo = [[File:Centerview Partners logo.png|220px|Centerview Partners]]
| logo = [[File:Centerview Partners logo.png|220px|Centerview Partners]]
| type = [[Private Company|Private Ownership]]
| type = [[Private Company|Private ownership]]
| foundation = {{start date and age|2006}}
| foundation = {{start date and age|2006}}
| location = 31 [[52nd Street (Manhattan)|West 52nd Street]]<br>[[New York, New York]], [[United States]]
| location = 31 [[52nd Street (Manhattan)|West 52nd Street]]<br />[[New York, New York]], U.S.
| industry = [[Financial services]]
| industry = [[Financial services]]
| products = [[Investment banking]], [[Mergers and acquisitions]], [[Restructuring]], [[Private Equity]]
| products = [[Investment banking]], [[mergers and acquisitions]], [[restructuring]], [[private equity]]
| assets = $3 Trillion<ref>{{cite web |url=https://www.centerviewpartners.com/|title=Main Page |publisher=Centerview Partners|access-date=February 12, 2021}}</ref>
| homepage = {{url|www.centerviewpartners.com}}
| homepage = [http://www.centerviewpartners.com/ www.centerviewpartners.com]|
}}
}}


'''Centerview Partners''' is an American independent [[investment banking]] firm. Centerview operates primarily as an [[investment banking]] advisory firm. The firm offers [[mergers and acquisitions]] advisory, takeover defense, capital allocation, restructuring and [[Divestment|divestitures]] services.<ref>{{cite web |url=https://www.crunchbase.com/organization/centerview-partner|title=Centerview Partners |publisher=Crunchbase|access-date=June 24, 2019}}</ref> Centerview has 60 partners and 300 professionals with expertise across a wide range of industries, geographies, transaction structures and sizes.<ref name=wsjlure>{{cite web|url=https://www.wsj.com/articles/centerview-resists-lure-of-record-ipo-market-11608719401|website=The Wall Street Journal |title=Centerview Resists Lure of Record IPO Market|date=December 23, 2020}}</ref><ref>{{cite web |url=https://www.centerviewpartners.com/ourteammember.aspx|title=Our Team |publisher=Centerview Partners|access-date=June 24, 2019}}</ref> Centerview is widely considered to be one of the most prestigious investment banking advisory firms.
'''Centerview Partners''' is an American independent [[investment banking]] firm. Centerview operates primarily as an [[Independent advisory firm|investment banking advisory firm]]. Centerview has 60 partners and 400 professionals with expertise across a wide range of industries, geographies, transaction structures and sizes.<ref name=wsjlure>{{cite web|url=https://www.wsj.com/articles/centerview-resists-lure-of-record-ipo-market-11608719401|website=The Wall Street Journal |title=Centerview Resists Lure of Record IPO Market|date=December 23, 2020}}</ref><ref>{{cite web |url=https://www.centerviewpartners.com/ourteammember.aspx|title=Our Team |publisher=Centerview Partners|access-date=June 24, 2019}}</ref>


Founded in 2006 by a group of senior investment bankers, the firm is headquartered in [[New York City]] with offices in [[London]], [[Paris]], [[Chicago]], [[Los Angeles]], [[Palo Alto, California|Palo Alto]] and [[San Francisco]].<ref>{{Cite web|title=Centerview Partners|url=http://www.centerviewpartners.com/|website=Centerview Partners|access-date=2020-05-12}}</ref>
Founded in 2006 by a group of senior investment bankers, the firm is headquartered in [[New York City]] with offices in [[London]], [[Paris]], [[Chicago]], [[Los Angeles]], [[Palo Alto, California|Palo Alto]] and [[San Francisco]].<ref>{{Cite web|title=Centerview Partners|url=http://www.centerviewpartners.com/|website=Centerview Partners|access-date=2020-05-12}}</ref>
Line 20: Line 21:


In 2020, achieved record revenue of $1.3 billion, more than double the revenue achieved five years prior.<ref name=wsjlure/> In 2020, the firm was rated "No. 1 Investment Bank to Work For" by Vault for the second year in a row.<ref>{{cite web |url=https://www.vault.com/blogs/in-the-black-vaults-finance-careers-blog/50-best-investment-banks-to-work-for-in-2020|title=50 Best Investment Banks to Work For in 2020|publisher=Vault|date=January 28, 2020}}</ref>
In 2020, achieved record revenue of $1.3 billion, more than double the revenue achieved five years prior.<ref name=wsjlure/> In 2020, the firm was rated "No. 1 Investment Bank to Work For" by Vault for the second year in a row.<ref>{{cite web |url=https://www.vault.com/blogs/in-the-black-vaults-finance-careers-blog/50-best-investment-banks-to-work-for-in-2020|title=50 Best Investment Banks to Work For in 2020|publisher=Vault|date=January 28, 2020}}</ref>

The firm is routinely cited as one of the best-paying firms in the industry and has the highest pay for first-year analysts. <ref>{{cite web |url=https://www.fnlondon.com/articles/boutique-centerview-tops-junior-pay-hikes-with-130000-starting-salary-20220111|title=Boutique Centerview tops junior pay hikes with $130,000 starting salary|publisher=Financial News London|date=January 11, 2022}}</ref> <ref>{{cite web |url=https://www.efinancialcareers.com/news/2022/02/goldman-sachs-bonuses|title=Goldman Sachs bonuses were big, but not the biggest|publisher=eFinancialCareers|date=February 23, 2022}}</ref>


==Management==
==Management==
Line 27: Line 30:


==Recent activities==
==Recent activities==
{{More references|date=May 2023}}
Centerview has advised on many of the largest and most complex corporate situations and transactions, including:<ref>{{cite web |url=https://www.pehub.com/2014/09/centerview-partners-hires-two-partners/|title=Centerview Partners hires two partners|publisher=PE Hub|date=September 3, 2014}}</ref><ref>{{cite web |url=https://www.centerviewpartners.com/transactions.aspx|title=Centerview PartnersTransaccions |publisher=CenterView Partners|date=February 3, 2021}}</ref>
Centerview has advised on many of the largest and most complex corporate situations and transactions, including:<ref>{{cite web |url=https://www.pehub.com/2014/09/centerview-partners-hires-two-partners/|title=Centerview Partners hires two partners|publisher=PE Hub|date=September 3, 2014}}</ref><ref>{{cite web |url=https://www.centerviewpartners.com/transactions.aspx|title=Centerview Partners Transactions |publisher=CenterView Partners|date=February 3, 2021}}</ref>
*[[AstraZeneca]]'s $39 billion purchase of [[Alexion Pharmaceuticals]]
*[[General Electric]] sale of $200 billion of financial assets
*[[Sprint Corporation]] Independent Transaction Committee on proposed $146 billion merger of Sprint and [[T-Mobile]]
*[[Qualcomm]] defense of [[Broadcom Corporation]] $130 billion hostile takeover
*21st Century Fox's $71.3 billion transactions with [[The Walt Disney Company]]
*[[Pfizer]] announced joint venture with [[GlaxoSmithKline]] , its $14 billion acquisition of [[Medivation]] and $5.2 billion acquisition of [[Anacor]]
*[[AstraZeneca]] $39 billion acquisition of [[Alexion Pharmaceuticals]]<ref>{{cite web|url=https://www.bloomberg.com/news/articles/2020-12-14/boutique-firms-steal-the-show-on-year-s-top-health-care-deal#:~:text=Boutique%20advisory%20firms%20are%20taking,takeover%20of%20Alexion%20Pharmaceuticals%20Inc.|website=Bloomberg|title=Boutique Firms Steal the Show on Year's Top Health-Care Deal|date=December 14, 2020}}</ref>
*[[AstraZeneca]] $39 billion acquisition of [[Alexion Pharmaceuticals]]<ref>{{cite web|url=https://www.bloomberg.com/news/articles/2020-12-14/boutique-firms-steal-the-show-on-year-s-top-health-care-deal#:~:text=Boutique%20advisory%20firms%20are%20taking,takeover%20of%20Alexion%20Pharmaceuticals%20Inc.|website=Bloomberg|title=Boutique Firms Steal the Show on Year's Top Health-Care Deal|date=December 14, 2020}}</ref>

*[[GW Pharmaceuticals]] involved sale of [[Jazz Pharmaceuticals]] for a proposed $7.2 billion on February 3, 2021 still pending
==See also==
*[[Walgreens Boots Alliance]] transaction for the sale of Alliance Healthcare businesses to [[AmerisourceBergen]] valued at $6.5 billion that is still pending
* [[List of investment banks]]
*[[Duke Energy]] in the sale of the minority interest of Duke Energy Indiana to [[GIC (Singaporean sovereign wealth fund)]] for $2.05 billion
* [[Boutique investment bank]]
*[[Honeywell]] in connection with the resolution of claims with [[Garrett Motion]] in connection with its court-supervised Chapter 11 proceedings valued at $1.2 billion
*[[Dentsply Sirona]] transaction of $1.04 billion for the acquisition of Byte
*Arvelle Therapeutics sale for $960 million to [[Angelini]]
*[[DuPont]] sale of Clean Technologies to an international private equity consortium consisting of BroadPeak Global LP, Asia Green Fund and The Saudi Arabian Industrial Investments Company ot the [[The Saudi Industrial Development Fund (SIDF)]] for $510 million still pending
*[[Honeywell]] sale of Original Muck Boot, [[Xtratuf]], Ranger, NEOS and Servus to [[Rocky Brands]] for $230 Million still pending
*[[Tradeweb]] acquisition of the [[Nasdaq]] U.S. [[Fixed income]] electronic trading platform for $190 million
*[[Amphenol]] sale of MTS Test & Simulation to [[Illinois Tool Works]] the transaction is still pending
*[[R1 RCM]] conversion agreement with [[Ascension (company)]] and [[TowerBrook Capital Partners]] still pending
*[[Mondelez International]] acquisition of Hu Products still pending
*[[Pacific Gas and Electric Company]] as financial advisor and investment banker to the Official Committee of Unsecured Creditors (the “UCC”) which included indenture trustees, trade creditors, contract counterparties, the [[International Brotherhood of Electrical Workers]], Local 1245 and the [[Pension Benefit Guaranty Corporation]] in connection with PG&E's chapter 11 Plan of Reorganization with a value of $25.5 billion
*[[Immunomedics]] advisor for its sale to [[Gilead Sciences]] for $21 billion
*MyoKardia sale to [[Bristol Myers Squibb]] for $13.1 billion
*MultiPlan sale to Churchill Capital Corp III for $11 billion
*[[Grubhub]] merger with [[Just Eat Takeaway]] for 7.5 billion
*[[Eaton Vance]] advisor for its sale to [[Morgan Stanley]] for $7 billion
*Momenta Pharmaceuticals sale to [[Johnson & Johnson]] for $6.5 billion
*Forty Seven sale to [[Gilead Sciences]] for $4.9 billion
*[[Waste Management (corporation)]] sale to Advanced Disposal for $4.6 billion
*[[PepsiCo]] acquisition of [[Rockstar (drink)]] for $4.5 billion
*[[Anixter]] sale to [[WESCO International]] for $4.5 billion
*[[Engie]] Advisor to the board of Engie on the disposal of its 29.9% stake in [[Suez]] of a value of €3.4 billion
*Principia Biopharma sale to [[Sanofi]] for $3.4 billion
*[[Endurance International Group]] sale to Clearlake Capital Group L.P. for $3.0 billion
*[[McDermott International]] financial advisor to an ad hoc group of secured lenders under McDermott's $2.2bn term loan facility and $800mm funded superpriority term loan facility in connection with McDermott's fully consensual prepackaged chapter 11 restructuring value the transaction at $3.0 billion
*VelosBio sale to [[Merck Group|Merck]] for $2.75 Billion
*[[Simmons Bedding Company]] Financial advisor to the Ad Hoc group of Term Loan Lenders under Serta Simmons' $1.9 billion First Lien Term Loan and $450 million Second Lien Term Loan with the transaction valued at $2.35 billion
*[[Sasol]] sale of 50% of Lake Charles Chemicals Project Base Chemicals to [[LyondellBasell]] for $2 billion
*Eidos Therapeutics sale to BridgeBio Pharma for $1.9 billion
*Pionyr Immunotherapeutics sale to [[Gilead Sciences]] for $1.74 billion
*[[LPL Financial]] acquisition of [[Waddell & Reed]] Wealth Management for $1.7 billion
*[[Amphenol]] acquisition of [[MTS Systems Corporation]] for $1.7 billion
*Versant Health sale to [[MetLife]] for $1.7 billion
*[[CBS Corporation]] acquisition and forming of [[ViacomCBS]] valued at $48 billion
*[[FIS (company)]] acquisition of [[Worldpay, Inc.]] for $43 billion
*[[Thomson Reuters]] Financial advisor to Thomson Reuters, together with private equity funds affiliated with [[The Blackstone Group]], on the sale of [[Refinitiv]] to the [[London Stock Exchange Group]] for $27 billion
*[[Mylan]] Financial advisor to Mylan on its combination with [[Upjohn]] in an all-stock Reverse Morris Trust transaction
*[[Tiffany & Co.]] sale to [[LVMH]] for $17 Billion
*[[Array Biopharma]] sale to [[Pfizer]] for $11.8 billion
*Apergy Corp Financial advisor to Apergy on its combination with Ecolab's Upstream Energy business, [[Nalco Champion]], in an all-stock, tax-free Reverse Morris Trust transaction
*[[Riverstone Holdings]] Exclusive financial advisor to [[Pattern Energy]] and Riverstone Holdings in connection with [[CPP Investment Board]] with the transaccion valued at $6.1 billion
*Auris Health sale to [[Johnson & Johnson]] for $5.8 billion
*[[Hasbro]] acquisition of [[Entertainment One]] for £3.3 billion
*[[Gilead Sciences]] acquisition of [[Galapagos NV]] for $5.1 billion
*[[Spark Therapeutics]] sale to [[Hoffmann-La Roche]] for $4.8 billion
*[[Anixter]] sale to [[Clayton, Dubilier & Rice]] for $4.3 billion
*[[Acosta Sales & Marketing]] Exclusive financial advisor to an ad hoc group of Acosta's lenders around its conversion of $3 billion of long—term debt into equity, and a commitment of $250 million in new equity valued at $3.3 billion
*Audentes Therapeutics sale to [[Astellas Pharma]] for $3.0 billion
*[[Exact Sciences (company)]] acquisition of [[Genomic Health]] for a transaction value of $2.8 billion
*[[Cision]] Cision on its sale to an affiliate of [[Platinum Equity]] for $2.7 billion
*[[Campbell Soup Company]] sale of [[Arnott's Biscuits]] and certain Campbell's international operations to KKR for $2.2 billion
*Peloton Therapeutics sale to Merck for up to $2.2 billion
*[[Coty Inc.]] Exclusive independent financial advisor to the Special Committee of the Board of Directors of Coty in connection with [[JAB Holding Company]] tender offer of $1.75 billion
*[[McDermott International]] Financial advisor to an ad hoc lender group of McDermott's term loan on an agreement for up to $1.7 billion of new financing
*[[Harry's]] sale to [[Edgewell Personal Care]] for $1.4 billion
*[[Catalent]] acquisition of Paragon Bioservices from NewSpring Health Capital and Camden Partners financed by stock given to [[Leonard Green & Partners]] and the total value of $1.2 billion
*[[Ocado Group]] joint venture with [[Marks & Spencer]] in a transaction of £750 million
*[[Western Union]] sale of Speedpay to [[ACI Worldwide]] for $750 Million
*[[I Squared Capital]] and Cube Hydro Partner sale of Cube Hydro to [[Ontario Power Generation]] for $1.1 billion
*[[Sprint Corporation]] Financial advisor to the Independent Transaction Committee of the Board of Directors of Sprint on its merger with T-Mobile valued at $146 billion
*[[21st Century Fox]] Financial advisor to 21st Century Fox on its sale to The Walt Disney Company, as well as the spin off, immediately prior to the sale, of Fox Broadcasting network and stations, Fox News Channel, Fox Business Network, FS1, FS2 and Big Ten Network to its shareholders at a value of $85 billion
*[[Express Scripts]] sale to [[Cigna]] for $67 billion
*[[Thomson Reuters]] sale of a 55% majority stake in its Financial & Risk business to, [[The Blackstone Group]]
*[[21st Century Fox]] sale of its 39.14% stake in [[Sky Group]] to [[Comcast]] for £11.6 billion
*[[News Corporation]] Financial advisor to News Corp. on its separation of its publishing and media and entertainment businesses into two distinct publicly traded companies valued transaction of 9 billion
*[[GMAC ResCap]] Advisor to ResCap in its chapter 11 restructuring with $15.3 billion of indebtedness, an engagement which has included raising $1.7bn in debtor-in-possession financing and conducting two concurrent asset sales including: (i) ResCap's Servicing and Origination Platform for $3.0bn; and (ii) a portfolio of domestic whole loans for $1.5bn transaction of 15.3 billion
*[[Clearwire Corporation]] involved in the Sprint 50.8% stake in the company it didn't own in a possible transaction of $14 billion
*[[Avon Products]] and [[Coty Inc.]] $12.9 billion in a hostile takeover
*[[Pfizer]] sale of its Pediatric Nutrition Business to [[Nestlé]] for $11.85 billion
*[[Conagra Brands]] acquisition of [[Ralcorp]] for $6.8 billion
*Exclusive financial advisor to [[Walgreens Boots Alliance]] in a unique two-step transaction with [[Walgreens]] to create the first global pharmacy-led, health and wellbeing enterprise with the first step worth $6.7 billion and the other left $30 billion
*[[Cisco Systems]] acquisition of NDS Group know is called [[Cisco Videoscape]] or [[Synamedia Ltd.]] for $5 billion
*[[Ameristar Casinos]]} sale to [[Pinnacle Entertainment]] for $2.8 billion
*[[Alcatel-Lucent]] in connection with raising a €2.0bn multi-tranche, senior secured credit facility for €2.0 billion
*[[Molycorp]] Chapter 11 bankruptcy value of $1.6 billion
*Midstates Petroleum Company, Inc. Chapter 11 bankruptcy
*[[Diamond Resorts]] acquisition with help of [[Apollo Global Management]] for a value of $2.5 billion
*[[SABMiller]] sale to [[AB InBev]] for £79 billion
*[[Qualcomm]] acquisition of [[NXP Semiconductors]] with a value of $49 billion
*[[Conagra Brands]] acquisition of [[Pinnacle Foods]] for $10.7 billion
*[[General Electric Company]] IPO of [[Baker Hughes]] for $32 billion in IPO
*Caesars Entertainment Corp and Caesars Acquisition Company merge to create [[Harrah's Entertainment]] in a merger valued at $17.2 billion
*[[Johnson Controls]] merger with [[Tyco International]] in a merger valued at $16.5 billion
*[[EverBank]] sale to [[(Teachers Insurance and Annuity Association of America)]] for $2.5 billion
*[[DreamWorks Animation]] sale to [[Comcast]] for $3.8 billion
*[[Pfizer]] acquisition of [[Medivation]] for $14 billion
*TerraForm Global Chapter 11 restructuring with issues of [[SunEdison]] of $12.6 billion
*[[Mylan]] acquisition of [[Meda AB]] for $10 billion
*[[Peabody Energy]] Chapter 11 restructuring with value of $8.8 billion
*[[Henderson Group]] merger with [[Janus Capital Group]] with a great value of $6 billion


==References==
==References==

Latest revision as of 02:57, 8 April 2024

Not to be confused with Centerbridge Partners.
Centerview Partners
Company typePrivate ownership
IndustryFinancial services
Founded2006; 18 years ago (2006)
Headquarters31 West 52nd Street
New York, New York, U.S.
ProductsInvestment banking, mergers and acquisitions, restructuring, private equity
Websitewww.centerviewpartners.com

Centerview Partners is an American independent investment banking firm. Centerview operates primarily as an investment banking advisory firm. Centerview has 60 partners and 400 professionals with expertise across a wide range of industries, geographies, transaction structures and sizes.[1][2]

Founded in 2006 by a group of senior investment bankers, the firm is headquartered in New York City with offices in London, Paris, Chicago, Los Angeles, Palo Alto and San Francisco.[3]

History[edit]

Centerview was founded in July 2006 and is currently led by, Blair Effron, former Vice Chairman of UBS AG, and Robert Pruzan, former CEO of Dresdner Kleinwort Wasserstein North America and President of Wasserstein Perella & Co.[4][5] Additional Centerview co-founders included Stephen Crawford, former co-president at Morgan Stanley, and Adam Chinn, former partner at Wachtell Lipton.[6] James M. Kilts former CEO of Gillette, heads the firm's private equity fund.[7] In 2010, Robert E. Rubin, former U.S. Secretary of the Treasury, joined the firm as Counselor.[8] In 2019, Rahm Emanuel joined the firm to launch the Chicago office.[9]

In 2020, achieved record revenue of $1.3 billion, more than double the revenue achieved five years prior.[1] In 2020, the firm was rated "No. 1 Investment Bank to Work For" by Vault for the second year in a row.[10]

The firm is routinely cited as one of the best-paying firms in the industry and has the highest pay for first-year analysts. [11] [12]

Management[edit]

Prior to co-founding Centerview, Effron was Group Vice Chairman of UBS AG and a member of the Board of UBS Investment Bank, where he also sat on several management committees and advised Gillette on its $57 billion sale to Procter & Gamble, which was the largest M&A transaction of 2005.[13] In 2006, Effron announced he was leaving UBS to form a new boutique investment banking firm.[14]

Prior to co-founding Centerview, Pruzan was Head of Global Investment Banking and CEO of North America at Dresdner Kleinwort Wasserstein and President of Wasserstein Perella & Co.[5] He is a former member of McKinsey & Company where he specialized in strategic consulting for consumer products companies and financial institutions.[15]

Recent activities[edit]

Centerview has advised on many of the largest and most complex corporate situations and transactions, including:[16][17]

See also[edit]

References[edit]

  1. ^ a b "Centerview Resists Lure of Record IPO Market". The Wall Street Journal. December 23, 2020.
  2. ^ "Our Team". Centerview Partners. Retrieved June 24, 2019.
  3. ^ "Centerview Partners". Centerview Partners. Retrieved 2020-05-12.
  4. ^ "The little guys are winning on Wall Street". Business Insider. September 8, 2016.
  5. ^ a b "Robert Alan Pruzan". Bloomberg. May 15, 2019.
  6. ^ "Ex-Morgan Stanley Executive Named Capital One CFO". The Wall Street Journal. February 1, 2013.
  7. ^ Three Senior Wall Street Professionals Announce Formation of Centerview Partners.
  8. ^ DEALBOOK. "Rubin to Join Centerview, a Young Firm". The New York Times. Retrieved 26 February 2012.
  9. ^ "Rahm Emanuel, Ex-Chicago Mayor, Is Going to Wall Street". The Wall Street Journal. June 5, 2019.
  10. ^ "50 Best Investment Banks to Work For in 2020". Vault. January 28, 2020.
  11. ^ "Boutique Centerview tops junior pay hikes with $130,000 starting salary". Financial News London. January 11, 2022.
  12. ^ "Goldman Sachs bonuses were big, but not the biggest". eFinancialCareers. February 23, 2022.
  13. ^ "'Bold' M&A Now Key Corporate Strategy: Advisor". CNBC. July 21, 2011.
  14. ^ "Another UBS Banker Leaves in London". The Wall Street Journal. April 26, 2012.
  15. ^ "Robert A. Pruzan". Mergr. May 25, 2019.
  16. ^ "Centerview Partners hires two partners". PE Hub. September 3, 2014.
  17. ^ "Centerview Partners Transactions". CenterView Partners. February 3, 2021.
  18. ^ "Boutique Firms Steal the Show on Year's Top Health-Care Deal". Bloomberg. December 14, 2020.

External links[edit]

Retrieved from "https://en.wikipedia.org/w/index.php?title=Centerview_Partners&oldid=1217825609"