2020 Vault Rankings
At a Glance
“Tight-knit, collaborative, supportive culture with nice, high quality people”
“Lean deal teams—a lot of early responsibility”
“Could be more helpful with career development”
About Perella Weinberg Partners
Founded in June 2006, Perella Weinberg Partners provides advisory and energy securities research, underwriting, and trading services. Its advisory business includes mergers and acquisitions, strategic advisory, financial restructuring, capital structure advisory, and private capital advisory initiatives.
Perella Weinberg Partners’ launch in 2006 was one of the most closely watched debuts in banking history. Today, the firm consists of approximately 550 employees, who work out of offices in Calgary, Chicago, Denver, Houston, London, Los Angeles, New York, Munich, Paris, and San Francisco. 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, along with Terry Meguid, Morgan Stanley’s then-head of worldwide investment banking, and several other advisors. Perella Weinberg’s third co-founder, Peter Weinberg, was the CEO of Goldman Sachs International and an accomplished banker as well.
Perella Weinberg Partners has advised on transactions valued at more than $1 trillion since its inception, including transformational engagements such as Peugeot’s €41 billion merger with Fiat Chrysler, Oaktree Capital Management’s sale of a 62 percent stake to Brookfield Asset Management for $8 billion, and AT&T’s $108.7 billion acquisition of Time Warner. It has also advised Altria, the largest shareholder of SABMiller, in connection with SABMiller’s sale to AB InBev for more than $100 billion; Caisse des Dépôts et Consignation, on its taking control of La Post for €16.9 billion; Energen, on its $9.2 billion combination with Diamondback Energy; and the Special Committee of WeWork’s Board of Directors.
In addition, Perella Weinberg Partners has worked on several high-profile restructuring engagements, including Legacy Reserves, Bristow Group, Pacific Drilling, Concordia International Corp., Seadrill, Fieldwood Energy, Memorial Production Partners, Bonanza Creek Energy, EnQuest Plc, Approach Resources, Atlas Resource Partners, California Resources Corporation, and Gulf Keystone Petroleum.
In 2016, Perella Weinberg Partners joined forces with Tudor Pickering Holt & Co, a leading energy investment bank, adding an energy M&A advisory franchise along with an energy securities research, underwriting, and trading services business to PWP. Prior to the combination, Tudor Pickering Holt & Co. had advised on more than $175 billion worth of energy services advisory assignments and more than $75 billion worth of capital markets transactions.
767 Fifth Avenue
New York, NY 10153
Phone: (212) 287-3200
Employer Type: Private
Founding Partner: Joseph Perella
Chairman: Bob Steel
CEO: Peter Weinberg
2019 Employees (All Locations): 550
London, United Kingdom
Los Angeles, CA
New York, NY
San Francisco, CA