DSM Capital Partners LLC Raises Stock Holdings in Alphabet Inc. Two Creeks Capital Management LP Grows Holdings in Alphabet Inc. Grand Jean Capital Management Inc. [13], In October 2016, Perella advised AT&T in its $108.7 billion acquisition of Time Warner. Two important recent transactions on which PWP advised are the AT&T acquisition of Time Warner for $108.7 billion in 2018 and the acquisition of a majority stake in Cotys Professional Beauty and Retail Hair businesses by KKR ($4.3 billion plus $1.0 billion investment in convertible shares) in 2020. Perella Weinberg Partners employees in different groups or divisions tend to have different salaries as well. Stacey is based out of New York, New York, United States and works in the Investment Banking industry. Tudor, Pickering, Holt & Co. Oppenheimer Asset Management Inc.s holdings in Perella Weinberg Partners were worth $90,000 at the end of the most recent reporting period. Perella Weinberg Partners has a 1 year low of $5.47 and a 1 year high of $12.00. You can find out more about which cookies we are using or switch them off in settings. Tudor, Pickering, Holt & Co. Securities - Canada, ULC is a Member of the Canadian Investor Protection Fund and the New Self-Regulatory Organization of Canada . [19] In June of the same year, Perella advised Altran in its sale to consulting firm Capgemini, a take-over valued at $4.1 billion. [5], In 2016, the firm acquired the Houston-based energy investment and merchant banking firm Tudor, Pickering, Holt & Co., to be operated as the energy practice of Perella Weinberg. As investors seek to streamline the public offering process and leverage a booming stock market, since 2014 there has been a global surge in the involvement of SPACs within the stock exchange with no signs of slowing down: a 4x increase in SPAC IPOs (248 IPOs) with a sixfold increase in capital ($83.3bn) in 2020 compared to 2019 with most of them headquartered in the U.S. More importantly, whereas the merger terms imply a target valuation of $977 million, i.e. [33][34] The firm also advised Parallel, a medical marijuana company, on its $1.9 billion business combination with Ceres Acquisition Corporation in February, 2021, and served as financial advisor to Science 37 on its $1.05 billion merger with LifeSci Acquisition II Corporation in May of the same year. Check if your The new combined entity will receive net cash proceeds of $325 million from the transaction. Keefe, Bruyette & Woods increased their price objective on Perella Weinberg Partners from $9.00 to $9.50 and gave the company a market perform rating in a research report on Tuesday, January 3rd. Investor Call on December 30, 2020 at 8:00 am ET. Employer Identification No.) Item 8.01 Other Events. The firm was founded in 2006 by Joseph R. Perella, Peter A. Weinberg and Terry Meguid, and went public in 2021. Subsequently, it expanded its business, opening other six offices in the US and two in Europe (Munich and Paris). The firms 50-day moving average is $10.18 and its two-hundred day moving average is $8.77. [24] In 2020, the firm served as financial advisor to California Resources Corporation in connection with various liability management transactions and the companys pre-arranged Chapter 11 plan of reorganization. According to Bloomberg analysts, this move does not only represent a business opportunity for the investment bank looking to grow its existing franchises, but the decision also places a strategic bet on SPACs as a growing fee segment for Perella Weinbergs franchise. The stocks 50 day simple moving average is $10.18 and its 200 day simple moving average is $8.77. WebPerella Weinberg UK Limited is authorized and regulated by the Financial Conduct Authority. WebPerella Weinberg Partners LP and Tudor, Pickering, Holt & Co. Securities, LLC are members of FINRA and SIPC. of words such as "estimates," "projected," "expects," "estimated," You can identify these forward-looking statements by the use