Newspaper article The Evening Standard (London, England)

Robey Warshaw Founders Land PS63 Million on M&A

Newspaper article The Evening Standard (London, England)

Robey Warshaw Founders Land PS63 Million on M&A

Article excerpt

Byline: Michael Bow

BOUTIQUE investment bank Robey Warshaw delivered a PS63 million windfall for its trio of founders last year after working on a string of flagship M&A deals in London.

The company, founded by partners Sir Simon Robey, Simon Warshaw and Philip Apostolides, demonstrated the success of small elite banks in challenging Wall Street behemoths by bolstering fees and profits to record levels for the year ending March 2017.

Turnover ballooned to PS72.7 million from the PS43 million mark, helping deliver a 70% increase in profits to PS63.3 million from PS36.6 million, accounts show.

Deals like SoftBank's takeover of UK chips designer ARM plus National Grid's partial sale of its PS8.5 billion gas distribution unit drove the rise last year. The London Stock Exchange's aborted merger with Deutsche Borse last year and work on Vodafone's tie-up with Liberty Global in the Netherlands also helped.

Robey Warshaw has carved out a profitable niche in global financial circles since it was established in 2013 by former Morgan Stanley banker and opera patron Robey and UBS dealmaker Warshaw. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.