El Presidente y Director General de Greenhill and Company, Scott Book, cobrá hasta 78 milliones de dolares en pagos como resultado de la venta de la venta de 550 milliones de dolares del banco boutique a Mizuho Financial Group de Japón.
A presentation of values published on Friday evening revealed the payments owed to the executives of Greenhill, as well as the details of how the acquisition was structured. El acuerdo se firmó en mayo, menos de siete semanas después de una reunión inicial el 6 de abril entre Bock y el presidente estadounidense de Mizuho Securities, Jerry Rizzi.
Mizuho agreed to pay Greenhill more than double the price of shares at that time. He will retain the name of Greenhill as Team Bok will convert into the division of mergers and acquisitions of the Japanese company and restructuring advice, within the existing investment bank Mizuho.
Bock is scheduled to head up the consulting business and, according to his labor contract, will receive $4 million in annual bonuses in 2023 and 2024 and $3 million in 2025 along with an annual base salary of $600,000. Estos pagos dependen de que Bok siga siendo un empleado de Mizuho y se ferirán partes de las bonificaciones.
According to the presentation, the $22 million in actions restricted to $15 per action, which were previously granted to Bok, will continue to be granted in their current calendar.
Bok también es el mayor azionista individual de Greenhill con una participación de alrededor del 15 por ciento, que se cobrára por un total de $43 million al cierre. Estuvo de Acuerdo en votar sus actions a favor del trato.
Mizuho had expressed interest for the first time in Greenhill in July of last year, but was rejected because its board of directors believed that the company’s independent prospects were more attractive than a sale.
Sin embargo, in January, a drop in deal activity, along with what Greenhill said in Friday’s presentation, was an “intense competition” in the deal advisory market, plus a $270 million loan next year. , lo lvéo a considerar ofertas.
Another large financial institution, whose identity has not been revealed, also expressed interest in Greenhill before retiring quickly.
Greenhill was founded in 1996 by Robert Greenhill, a famous banker from Morgan Stanley in the decades of 1970 and 1980. Ahora, con más de 80 años, Greenhill sigue siendo presidente honorario y el Segundo mayor aciónista de la compañía des. Bock Ha Sido CEO Desde 2007 después de unirse a Greenhill en 1997 procedente de Morgan Stanley.
Si bien la firma fue un destacado acessor de negocios durante la decada de 2000, su deportivo durante la última decada se ha estancado con la apparition de muchos asesores boutique de imitação. The company shared its financial projections with Mizuho, projecting around $300 million in annual transaction rates in the next three years.
In the year In 2017, Greenhill PDO Prestados 350 milion de dolares para recomparar a part de sus acións. Bock occasionally sold shares in the years after the Greenhill IPO, but recently he has been a buyer, sobre todo buying $10 million in shares at $17.25 per share as part of a recapitalization.
Después de la approval de la SEC, los accionistas de Greenhill Votaran por poder sobre la transacción y se espera que la acquisición se cierre este año.
