Greenhill & Co.

Infobox_Company
company_name = Greenhill & Co.
company_
company_type = Public (nyse|GHL)
company_slogan = A unique investment banking firm
foundation = 1996
location =
key_people = Robert F. Greenhill
Founder, Chairman & CEO
Simon A. Borrows
Co-President
Scott L. Bok
Co-President
industry = Investment banking
num_employees = 201 (2006) [http://moneycentral.hoovers.com/global/msn/factsheet.xhtml?COID=120207 Greenhill IPO Information] ]
revenue = profit $290.6 million (2006) [http://www.greenhill.com/images/stories/presentations/greenhill2006ar.pdf 2006 Annual Report] ]
net_income = profit $75.7 million (2006)
homepage = [http://www.greenhill-co.com Greenhill & Co.]

Greenhill & Co., Inc. is an independent investment bank that advises on mergers and acquisitions, restructurings, and related transactions. Greenhill has subsidiaries that specialize in broker-dealer services, venture capital, and private equity. Its main business, however, is financial advisory on mergers and acquisitions. The firm made $290.6m in sales in 2006, with a $75.7m profit. The firm competes primarily against other M&A specialists like Lazard and N. M. Rothschild & Sons, as well as financial conglomerates like Goldman Sachs and JPMorgan.

With the 2008 bankruptcies of Bear Stearns and Lehman Brothers, the purchase of Merrill Lynch, and the decision by Goldman Sachs and Morgan Stanley to abandon their interests in investment banking, Greenhill is one of the few independent investment banks still in existence on Wall Street, besides Lazard, Jefferies, Keefe, Bruyette & Woods, and Moelis & Company.

History

The company was founded in 1996 by Robert F. Greenhill, a former head of mergers at Morgan Stanley. Robert Greenhill took the company public in 2004, listing on the New York Stock Exchange with the ticker "GHL". As of Friday, October 5, 2007, the company has a market capitalization of $1.85bn. The firm has become more widely known recently for its involvement in the Gallaher and Alliance Boots deals. It is presently advising Fortis on its planned joint-takeover of ABN AMRO. [ [http://www.bloomberg.com/apps/news?pid=20601087&sid=azGwbC07Mi0U&refer=home Royal Bank-Led Group Bids $95.6 Billion for ABN AMRO] ]

Operations

The company's headquarters are on the 23rd floor of 300 Park Avenue in New York City. It also has offices in London, Frankfurt, Toronto, and Dallas. As of 2006, the company hired 201 employees, of whom about 60 are in New York. It continues to be led by Robert Greenhill, who is now 70. US operations are led by Scott L. Bok, and international operations are led by Simon A. Borrows. The London office, opened in January 1998, is led by Peter Stott, a former Morgan Stanley banker (like founder Robert Greenhill). It has been speculated that, unlike at other banks, senior bankers openly share their compensation info in a special meeting. [ [http://www.bankersball.com/2006/11/14/how-greenhill-does-bonuses/#comments BankersBall: How Greenhill Does Bonuses] ] The firm's auditors are Ernst & Young LLP.

References

External links

* [http://www.greenhill.com/homepage.php Greenhill & Co. website]
* [http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2002/11/17/cngreen17.xml Telegraph (UK) article about Greenhill salaries]
* [http://www.slate.com/id/2099942 Forget Google: Greenhill's IPO lifts the velvet curtain on today's money culture]