Centerview Partners Explained

Centerview Partners should not be confused with Centerbridge Partners.

Centerview Partners
Type:Private ownership
Location:31 West 52nd Street
New York, New York, U.S.
Industry:Financial services
Products:Investment banking, mergers and acquisitions, restructuring, private equity

Centerview Partners is an American independent investment banking firm. Centerview operates primarily as an investment banking advisory firm. Centerview has 60 partners and 400 professionals with expertise across various industries, geographies, transaction structures, and sizes.[1] [2]

Founded in 2006 by a group of senior investment bankers, the firm is headquartered in New York City with offices in London, Paris, Chicago, Los Angeles, Palo Alto and San Francisco.[3]

History

Centerview was founded in July 2006 and is currently led by, Blair Effron, former Vice Chairman of UBS AG, and Robert Pruzan, former CEO of Dresdner Kleinwort Wasserstein North America and President of Wasserstein Perella & Co.[4] [5] Additional Centerview co-founders included Stephen Crawford, former co-president at Morgan Stanley, and Adam Chinn, former partner at Wachtell Lipton.[6] James M. Kilts former CEO of Gillette, heads the firm's private equity fund.[7] In 2010, Robert E. Rubin, former U.S. Secretary of the Treasury, joined the firm as Counselor.[8] In 2019, Rahm Emanuel joined the firm to launch the Chicago office.[9]

In 2020, a record revenue of $1.3 billion was achieved, more than double the revenue achieved five years prior.[1] In 2020, the firm was rated "No. 1 Investment Bank to Work For" by Vault for the second year in a row.[10]

The firm is routinely cited as one of the best-paying firms in the industry and has the highest pay for first-year analysts. [11] [12]

Management

Before co-founding Centerview, Effron was Group Vice Chairman of UBS AG and a member of the Board of UBS Investment Bank, where he also sat on several management committees and advised Gillette on its $57 billion sale to Procter & Gamble, which was the largest M&A transaction of 2005.[13] In 2006, Effron announced he was leaving UBS to form a new boutique investment banking firm.[14]

Before co-founding Centerview, Pruzan was Head of Global Investment Banking and CEO of North America at Dresdner Kleinwort Wasserstein and President of Wasserstein Perella & Co.[5] He is a former member of McKinsey & Company where he specialized in strategic consulting for consumer products companies and financial institutions.[15]

Recent activities

Centerview has advised on many of the largest and most complex corporate situations and transactions, including:[16] [17]

See also

External links

Notes and References

  1. Web site: Centerview Resists Lure of Record IPO Market. The Wall Street Journal . December 23, 2020.
  2. Web site: Our Team . Centerview Partners. June 24, 2019.
  3. Web site: Centerview Partners. Centerview Partners. 2020-05-12.
  4. Web site: The little guys are winning on Wall Street . Business Insider . September 8, 2016.
  5. Web site: Robert Alan Pruzan. Bloomberg . May 15, 2019.
  6. Web site: Ex-Morgan Stanley Executive Named Capital One CFO . The Wall Street Journal. February 1, 2013.
  7. http://www.prnewswire.com/news-releases/three-senior-wall-street-professionals-announce-formation-of-centerview-partners-55979567.html Three Senior Wall Street Professionals Announce Formation of Centerview Partners
  8. Web site: DEALBOOK. Rubin to Join Centerview, a Young Firm. The New York Times. 26 February 2012.
  9. Web site: Rahm Emanuel, Ex-Chicago Mayor, Is Going to Wall Street. The Wall Street Journal . June 5, 2019.
  10. Web site: 50 Best Investment Banks to Work For in 2020. Vault. January 28, 2020.
  11. Web site: Boutique Centerview tops junior pay hikes with $130,000 starting salary. Financial News London. January 11, 2022.
  12. Web site: Goldman Sachs bonuses were big, but not the biggest. eFinancialCareers. February 23, 2022.
  13. Web site: 'Bold' M&A Now Key Corporate Strategy: Advisor . CNBC. July 21, 2011.
  14. Web site: Another UBS Banker Leaves in London. The Wall Street Journal. April 26, 2012.
  15. Web site: Robert A. Pruzan. Mergr. May 25, 2019.
  16. Web site: Centerview Partners hires two partners. PE Hub. September 3, 2014.
  17. Web site: Centerview Partners Transactions . CenterView Partners. February 3, 2021.
  18. Web site: Boutique Firms Steal the Show on Year's Top Health-Care Deal. Bloomberg. December 14, 2020.