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, Evercore's statement said.
The transaction for Mayfair-based Warshaw, whose partners include former UK finance minister George Osborne, is expected to close in the fourth quarter of 2025.
New York-based Evercore said it expects the deal to be earnings accretive in the first full year after the acquisition and beyond.
Robey Warshaw was founded in 2013 by former Morgan Stanley bankers Simon Robey and Philip Apostolides, along with UBS banker Simon Warshaw, and has built a reputation as a leading boardroom adviser to Britain’s largest corporates over the past decade.
“Robey Warshaw brings extraordinary, long-standing relationships with some of the world’s leading multinational companies,” Evercore Chairman and Chief Executive John Weinberg said in a statement.
The deal will enhance Evercore's market position in the largest M&A advisory market in Europe, the company's statement said, adding that it will open further significant client opportunities across the EMEA region and globally.
Simon Robey, co-founder of Robey Warshaw, said: “Our clients will continue to get the personal attention and care we have always strived to provide. They will also be able to benefit from greater global reach, broad product capabilities and sector expertise. Evercore is the right home for all of us.”
The latest consolidation in the sector follows Mizuho Financial Group's $550 million deal for boutique investment bank Greenhill in 2023 and Mediobanca's $200 million purchase of London-based Arma Partners in the same year.
