Caliburn has advised on more than AUD$170bn of transactions since its founding. It has 40 total employees and offices in Sydney and Melbourne. All six of its managing directors will join Greenhill at closing, bringing the total number of Greenhill client-focused managing directors to 60.
Following completion of the transaction, it will operate in Australia/New Zealand under the name Greenhill Caliburn.
Peter Hunt, a founder and chairman of Caliburn, will serve as chairman of Greenhill Caliburn; Simon Mordant, a founder and joint CEO of Caliburn, will serve as co-CEO of Greenhill Caliburn and as a member of Greenhill’s management committee. Ron Malek, a founder and joint CEO of Caliburn, will serve as co-CEO of Greenhill Caliburn and as a member of Greenhill’s management committee. The other three managing directors joining the Greenhill are Richard Phillips, Roger Feletto and Jamie Garis.
Simon Borrows, co-chief executive officer of Greenhill, said: “This transaction has been carefully structured to align the interests of the new team with our shareholders. The managing directors of Caliburn will become significant Greenhill shareholders, consistent with our other key personnel around the world. The structure also creates powerful equity incentives for continued strong performance over a five year period following the closing.”
Scott Bok, co-CEO of Greenhill, said: “From an industry sector point of view, Caliburn significantly expands our capabilities in energy, mining, financial services, consumer and many other important sectors. Finally, our fund placement advisory business will be enhanced by a presence in Australia, given Australia’s position as the fourth largest retirement savings pool in the world.”
Mr Hunt said: “This combination positions us to serve clients better by expanding our industry sector expertise and giving us access to experienced partners in North America, Europe and Japan.”
Mr Mordant and Mr Malek said: “We are pleased to combine with Greenhill, a firm we have come to know well and one whose culture is so similar to ours. Our clients will benefit from our expanded global capabilities, but will see no difference in our independent, client-focused approach to the business.”
