The former Chancellor of the Exchequer, the boutique investment bank firm and, er, insert anything they are both involved with here... - Part 5

Tuesday, 4 January 2022, 7:35 pm

It's been almost a year since the former Chancellor of the Exchequer joined London-based deals advisory firm Robey Warshaw to much fanfare but that doesn't seem to have led to much confirmed dealmaking, so far.

According to data provider Refinitiv, Robey Warshaw - set up by ex Mogan Stanley uber rainmaker Sir Simon Robey and former UBS banker Simon Warshaw - last year came 13th in the annual UK merger and acquisitions rankings (also known as league tables).

And as far as Betaville is aware the only large deals Robey Warshaw advised on in 2021 involving a British company was National Grid's purchase of Western Power Distribution for £14.2 billion and the £3.9billion sale of Rhode Island-based The Narragansett Electric Company.

These, though, both took place in March 2021, just before George Osoborne started working as an "investment banker" at Robey Warshaw.

Without the National Grid deals I'm not sure Robey Warshaw - which prides itself on advising the FTSE 100's largest companies on takeovers - would have made it into Refinitiv's top 50 league table of leading M&A advisory firms that worked on UK company related transactions.

To be fair, "people close to Robey Warshaw" have previously argued that the firm's business model means it doesn't outperform its rivals in an environment when many of the takeover deals have been "small" private equity led transactions.

Perhaps that's a reasonable (but also debatable) point so little old Betaville will check in with Refinitiv in a few more months to see how George/Robey Warshaw are doing.....

[Disclaimer - the information on Betaville does not consitute any form of investment recommendation and is not intended to be relied upon by readers in making, or refraining from, any investment decisions].

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