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Perella Weinberg snaps up UK advisory boutique Gleacher Shacklock

Financial Times Companies •
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New York‑based Perella Weinberg Partners agreed to buy London advisory boutique Gleacher Shacklock in a cash‑and‑stock transaction that will be disclosed on Monday. The move adds roughly 30 advisers, including seven senior bankers, to Perella’s growing London platform. Expansion follows a hiring spree that last year brought former Greenhill Europe head David Wyles into the firm.

Founded in 2003 by former Dresdner Kleinwort banker Tim Shacklock, Gleacher Shacklock has built a niche in UK takeovers across aerospace, defence, financial services and infrastructure. Its client list includes GKN, BAE Systems, Smiths Group and Just Eat, generating more than £32 mn in revenue for the year to March. The acquisition bolsters Perella’s push into the UK advisory market, where fees remain sizable.

Perella, whose shares have risen over 16 % this year to a near $2 bn market value, is chasing the same consolidation trend that saw Evercore pay $196 mn for Robey Warshaw last year. Recent deals such as the €14.7 bn Covestro takeover by ADNOC demonstrate the firm’s capability in continental Europe, but the Gleacher deal supplies the local deal flow needed to capture more UK mandates.