Perella Weinberg Partners

Perella Weinberg advises clients on mergers and acquisitions, financial restructuring, capital structure and capital raising, liability management, shareholder engagement, and on other strategic transactions. The firm advises corporate clients, family offices, governments, and special committees of Boards of Directors. The firm’s transactions range across industries including consumer and retail, energy, financial institutions, healthcare, industrials, technology, and telecom and media.[9]

In 2012, the firm represented NYSE Euronext in its $11 billion sale to Intercontinental Exchange.[10]

In June 2014, Perella advised on medical device maker Medtronic’s $42.9 billion acquisition of Covidien.[11]

In October 2015, the firm advised Altria Group, Inc. in connection with AB InBev’s acquisition of SABMiller, valued at over $100 billion, approved in 2016.[12]

In October 2016, Perella advised AT&T in its $108.7 billion acquisition of Time Warner.[13] In December of the same year, they advised Linde in the all-share merger between Linde and Praxair, a deal valued at more than $65 billion.[14]

In April 2017, the firm was retained by medical technology and drug company CareFusion to advise on their sale to Becton Dickinson, a deal valued at $12.2 billion in cash and stock.[15]

In March 2018, the firm advised E.ON, a European electric utility company, in an asset swap with RWE.[16] E.ON acquired RWE’s 76.8% stake in energy company Innogy, with RWE receiving a 16.67% share in E.ON along with its renewable businesses.[17] In August 2018, the firm’s subsidiary Tudor, Pickering, Holt & Co. advised Energen Corp on their sale to Diamondback Energy Inc., an all-stock deal valued at approximately $9.2 billion.

In March 2019, the firm advised Oaktree Capital Management in its sale of a 62% stake to Brookfield Asset Management, a deal valued at approximately $4.7 billion.[18] In June of the same year, Perella advised Altran in its sale to consulting firm Capgemini, a take-over valued at $4.1 billion.[19] Later in October, Perella advised the board of Groupe PSA in their $50 billion merger with Fiat Chrysler Automobiles that, upon close, would create the world’s fourth-largest automaker.[20] In November, Perella was the financial advisor to PayPal in their $4 billion acquisition of Honey Science Corp, a shopping and rewards platform.[21]

Perella was financial advisor to the Directors of iHeart Media during its $20 billion restructuring, considered the largest restructuring of 2019. They were also advisor to the $4 billion recapitalization of Concordia Resources.[22]

In April 2020, Perella was the financial advisor to an ad hoc group of PG&E unsecured bond holders in connection to PG&E’s restructuring agreement.[23] In 2020, the firm served as financial advisor to California Resources Corporation in connection with various liability management transactions and the company’s pre-arranged Chapter 11 plan of reorganization.[24]

Perella Weinberg operates an asset management business separate from its investment banking business under the brand Agility, which is an outsourced CIO provider for endowments, foundations, sovereign wealth funds, family offices, and other long term investors. Chris Bittman serves as CEO and CIO of Agility, which managed assets of approximately $12.6 billion as of January 1, 2017.[25] Perella Weinberg Partners' Agility Fund was named Outsourced CIO of the Year by Institutional Investor in 2017, 2015 and 2014 and by Foundation & Endowment Intelligence in 2013.[26][27][28][29]