Evercore to acquire British boutique investment bank Robey Warshaw for $196 million

(Reuters) -Evercore will acquire British boutique investment bank Robey Warshaw for $196 million, the U.S. investment bank said on Wednesday.

The payment will be made in two tranches, half in Evercore shares when the deal closes and the remainder a year later in either cash or stock, according to the company statement.

The transaction for Mayfair-based Warshaw, whose partners include former UK chancellor George Osborne, is expected to close in the fourth quarter of 2025.

New York-based Evercore said it expects the deal to be accretive in the first full year after the acquisition and thereafter.

(Reporting by Pretish M J in Bengaluru; Editing by Eileen Soreng)