2015 Vault Rankings
About Perella Weinberg Partners (Europe)
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, independent special committee advisory, and government services advisory, while its asset management unit focuses on alternative investment products (as of August 2014, the firm had more than $11 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), 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.
In its short existence, Perella Weinberg Partners has advised on transactions valued at more than $800 billion, including monumental M&A deals like Medtronic, Inc.’s $42.9 billion acquisition of Covidien plc., Numericable Group SA’s €15.5 Billion acquisition of SFR Vivendi, and NYSE Euronext’s $10.2 billion sale to Intercontinental Exchange. 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 the spring of 2014, Perella Weinberg Partners appointed Robert Steel as CEO. Steel leads the firm with Joseph Perella, who continues to serves as chairman; Peter Weinberg, head of advisory; Terry Meguid co-head of asset management; and William Kourakos, co-head of asset management.
20 Grafton Street
London W1S 4DZ
Employer Type: Private
Chairman: Joseph Perella
CEO: Robert Steel
2014 Employees (All Locations): 415
London, United Kingdom