Perella Weinberg Partners (Europe)

THE SCOOP

Morgan and Goldman alum team up

Founded in June 2006 by Joseph Perella, Peter Weinberg and Terry Meguid, Perella Weinberg Partners has two businesses: advisory and asset management. Its advisory business includes mergers, acquisitions, restructuring, private capital, pension advisory, independent special committee advisory, and government services advisory, while its asset management unit focuses on alternative investment products (as of June 2013, the firm had more than $9 billion in assets under management). Perella Weinberg Partners' launch in 2006 was one of the most closely watched debuts in banking history. Today, the firm consists of over 415 employees, who work out of offices in New York, San Francisco, Denver, London (U.K.), Abu Dhabi (United Arab Emirates), Dubai (United Arab Emirates), and Beijing (China). Founder Joseph Perella made his name as a pioneer dealmaker at First Boston in the 1980s, then left to create Wasserstein, Perella & Co. with Bruce Wasserstein (the former chairman and CEO of Lazard). Perella's last gig before founding PWP was as vice chairman of Morgan Stanley, where he became close with some of America's top M&A talent. A shareholder revolt at Morgan Stanley-the ruckus that led to the 2005 resignation of chairman Philip Purcell-prompted Perella to leave the firm, sparking rumors that he would open his own boutique. Indeed he did, and several Morgan Stanley advisors jumped ship to join him, becoming Perella Weinberg's first hires. Prior to founding Perella Weinberg Partners, Peter Weinberg was the CEO of Goldman Sachs International and an accomplished banker as well, and Terry Meguid was Head of Worldwide Investment Banking at Morgan Stanley. In its short existence, Perella Weinberg Partners has worked on some monumental M&A deals, including Thomson Corporation's $18.3 billion acquisition of Reuters Group, Continental's $35 billion sale to Schaeffler, Qwest's $22.4 billion merger with CenturyLink, Kabel Deutschland's recommended voluntary public takeover by Vodfone Group for €10.7 billion, and NYSE Euronext's $10.2 billion sale to IntercontinentalExchange.  The firm also served as an independent appraiser of Morgan Stanley Smith Barney in connection with Morgan Stanley exercising its option to acquire an additional 14 percent stake in the entity. In addition, Perella Weinberg Partners also has worked on several high-profile restructuring engagements, including advising the equity committee on Calpine's $23 billion restructuring, advising certain creditors in connection with Delphi's $22 billion restructuring, advising Edison Mission Energy on its $5.0 billion chapter 11 restructuring, advising Hawker Beechcraft on its $2.4 billion restructuring, and advising Hostess Brands on its $1.4 billion restructuring. Today, Joseph Perella is still the head of the firm, serving as its chairman and CEO, and Peter Weinberg and Terry Meguid are founding partners and respectively serve as head of the firm's advisory and asset management businesses.



Perella Weinberg Partners (Europe)


20 Grafton Street
London W1S 4DZ
www.pwpartners.com

STATS


  • Employer Type: Private
  • Chairman & CEO: Joseph Perella
  • 2013 Employees: 415

Major Office Locations

  • London, United Kingdom

Career Update Newsletter

Tips and tools to help you manage your ideal career.