Centerview Partners
Encyclopedia
Centerview Partners is an independent investment banking
and private equity
investment firm. Centerview operates primarily as an investment banking
advisory firm. The firm offers mergers and acquisitions
advisory, takeover defense, capital allocation and divestitures services. The firm also operates as a financial sponsor
in certain private equity
transactions. In 2007, the firm raised its first investment fund
with $485 million of commitments from institutional investor
s.
Founded in 2006, by a group of senior investment bankers, the firm is heaquartered in New York City
with offices in London, Los Angeles
and San Francisco.
, along with Stephen Crawford, a former co-president of Morgan Stanley
as well as Robert Pruzan, formerly CEO of Dresdner Kleinwort Wasserstein North America and President of Wasserstein Perella, and Adam Chinn, formerly partner at Wachtell Lipton. James M. Kilts
, former CEO of Gillette, heads the firm's private equity fund. In 2010, Robert E. Rubin, former U.S. Secretary of the Treasury, joined the firm as counselor.
At UBS, 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. Effron's major coup came in 2005 when he advised Gillette on its $57 billion sale to Procter & Gamble
, which was the largest M&A
transaction of 2005. In 2006, Effron announced he was leaving UBS to form a new boutique investment banking firm. Shortly after Effron's departure, Ken Moelis
announce he was also leaving UBS to found his own firm named Moelis & Company
.
Since its founding, the firm has advised on more than $350 billion in transactions.
In 2009 and 2010, the firm was rated "No. 1 Investment Bank to Work For" by Vault.
Investment banking
An investment bank is a financial institution that assists individuals, corporations and governments in raising capital by underwriting and/or acting as the client's agent in the issuance of securities...
and private equity
Private equity
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
investment firm. Centerview operates primarily as an investment banking
Investment banking
An investment bank is a financial institution that assists individuals, corporations and governments in raising capital by underwriting and/or acting as the client's agent in the issuance of securities...
advisory firm. The firm offers mergers and acquisitions
Mergers and acquisitions
Mergers and acquisitions refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling, dividing and combining of different companies and similar entities that can help an enterprise grow rapidly in its sector or location of origin, or a new field or...
advisory, takeover defense, capital allocation and divestitures services. The firm also operates as a financial sponsor
Financial sponsor
A financial sponsor is a term commonly used to refer to private equity investment firms, particularly those private equity firms that engage in leveraged buyout or LBO transactions....
in certain private equity
Private equity
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
transactions. In 2007, the firm raised its first investment fund
Private equity fund
A private equity fund is a collective investment scheme used for making investments in various equity securities according to one of the investment strategies associated with private equity....
with $485 million of commitments from institutional investor
Institutional investor
Institutional investors are organizations which pool large sums of money and invest those sums in securities, real property and other investment assets...
s.
Founded in 2006, by a group of senior investment bankers, the firm is heaquartered in New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
with offices in London, Los Angeles
Los Ángeles
Los Ángeles is the capital of the province of Biobío, in the commune of the same name, in Region VIII , in the center-south of Chile. It is located between the Laja and Biobío rivers. The population is 123,445 inhabitants...
and San Francisco.
History
Centerview was founded in July 2006 by Blair EffronBlair Effron
Blair W. Effron is an American financier. He was previously a vice chair of UBS Investment Bank. Effron left UBS in 2006 to co-found Centerview Partners, a boutique investment banking firm based in New York City....
, along with Stephen Crawford, a former co-president of Morgan Stanley
Morgan Stanley
Morgan Stanley is a global financial services firm headquartered in New York City serving a diversified group of corporations, governments, financial institutions, and individuals. Morgan Stanley also operates in 36 countries around the world, with over 600 offices and a workforce of over 60,000....
as well as Robert Pruzan, formerly CEO of Dresdner Kleinwort Wasserstein North America and President of Wasserstein Perella, and Adam Chinn, formerly partner at Wachtell Lipton. James M. Kilts
James M. Kilts
James M. Kilts was a chief executive officer of The Gillette Company. He negotiated the sale of the company to Procter & Gamble for US$57 billion. Press investigators estimate that he stood to gain more than $165 million personally in the purchase...
, former CEO of Gillette, heads the firm's private equity fund. In 2010, Robert E. Rubin, former U.S. Secretary of the Treasury, joined the firm as counselor.
At UBS, Effron was Group Vice Chairman of UBS AG
UBS AG
UBS AG is a Swiss global financial services company headquartered in Basel and Zürich, Switzerland, which provides investment banking, asset management, and wealth management services for private, corporate, and institutional clients worldwide, as well as retail clients in Switzerland...
and a member of the Board of UBS Investment Bank, where he also sat on several management committees. Effron's major coup came in 2005 when he advised Gillette on its $57 billion sale to Procter & Gamble
Procter & Gamble
Procter & Gamble is a Fortune 500 American multinational corporation headquartered in downtown Cincinnati, Ohio and manufactures a wide range of consumer goods....
, which was the largest M&A
Mergers and acquisitions
Mergers and acquisitions refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling, dividing and combining of different companies and similar entities that can help an enterprise grow rapidly in its sector or location of origin, or a new field or...
transaction of 2005. In 2006, Effron announced he was leaving UBS to form a new boutique investment banking firm. Shortly after Effron's departure, Ken Moelis
Ken Moelis
Ken Moelis is an investment banker and founder of Moelis & Company, an independent investment banking firm.-Education:Ken Moelis holds a Bachelor in Business Administration and a Masters of Business Administration from the Wharton School of the University of Pennsylvania.-Career:Moelis began his...
announce he was also leaving UBS to found his own firm named Moelis & Company
Moelis & Company
Moelis & Company is a global investment banking and merchant banking firm. The firm provides advisory services related to mergers & acquisitions, recapitalization & restructuring, capital markets advisory and risk advisory...
.
Since its founding, the firm has advised on more than $350 billion in transactions.
In 2009 and 2010, the firm was rated "No. 1 Investment Bank to Work For" by Vault.
External links
- Centerview Partners. (Company website)