Perella Weinberg Partners at a Glance

Uppers

  • “Smart, dedicated, high caliber colleagues that you enjoy spending time with and learning from”
  • “Fantastic small-firm culture means analysts and associates feel more connected to senior members”
  • “Working on challenging, high profile deals”

Downers

  • “Hours can be grueling and unpredictable”
  • “Amount of responsibility can be stressful”
  • “Not well known internationally”

The Buzz

  • “Great boutique”
  • “Just lost their restructuring team but still good in M&A”
  • “Good competitors”

About Perella Weinberg Partners

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, independent special committee advisory, and government services advisory, while its asset management unit focuses on alternative investment products (as of July 2016, the firm had $9.6 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 approximately 450 employees, who work out of offices in New York, San Francisco, Denver, London (U.K.), Abu Dhabi (United Arab Emirates), and Dubai (United Arab Emirates). 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 Perella Weinberg Partners 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 Partners' 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.

After just 10 years in existence, Perella Weinberg Partners has advised on transactions valued at more than $1 trillion, including monumental M&A deals like Deutsche Börse AG's €27 billion merger with London Stock Exchange Group plc., Altria in connection with AB InBev's potential acquisition of SABMiller for more than $100 billion, Holcim's amendments of key economic and governance parameters in relation to its proposed €42 billion merger with Lagarge; Medtronic, Inc.'s $42.9 billion acquisition of Covidien plc.; Willis Group Holdings's $18 billion merger with Towers Watson; and Numericable Group SA's €15.5 Billion acquisition of SFR Vivendi. In addition, Perella Weinberg Partners has worked on several high-profile restructuring engagements, including advising a stakeholder on Energy Future Holdings' $50 billion restructuring, the equity committee on Calpine's $23 billion restructuring, and certain creditors in connection with Delphi's $22 billion restructuring.

In 2014, Perella Weinberg Partners appointed Robert Steel as CEO. Steel's career of almost 40 years in financial services includes both public and private sector experience.  He is the former CEO of Wachovia Corporation, served as Under Secretary for Domestic Finance at the U.S. Department of the Treasury, and spent nearly 30 years at Goldman Sachs, where he ultimately became head of the firm's global equities division and vice chairman. Most recently, he worked as New York City's Deputy Mayor for Economic Development under Mayor Michael Bloomberg.

Steel leads the firm with Joseph Perella, who continues to serves as chairman; Peter Weinberg, head of advisory; Terry Abdel-Meguid co-head of asset management; and William Kourakos, co-head of asset management. 

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Perella Weinberg Partners

767 Fifth Avenue
New York, NY 10153
Phone: (212) 287-3200
Fax: (212) 287-3201

Stats

  • Employer Type: Private
  • Chairman: Joseph Perella
  • CEO: Robert Steel
  • 2016 Employees: 450

Major Office Locations

  • San Francisco, CA
  • Denver, CO
  • New York, NY
  • London, United Kingdom
  • Dubai, United Arab Emirated
  • Abu Dhabi, United Arab Emirates
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