Greenhill Closes Sale of Merchant Banking Assets
December 22 2009 - 6:58PM
PR Newswire (US)
NEW YORK, Dec. 22 /PRNewswire-FirstCall/ -- Greenhill & Co.,
Inc. ("Greenhill") (NYSE:GHL) today announced that it had closed
the sale of certain assets related to its merchant banking business
in connection with its previously announced plan to focus entirely
on its client advisory business over time, to Robert H. Niehaus,
the Chairman of Greenhill Capital Partners, and V. Frank Pottow, a
member of the investment committee of Greenhill Capital Partners,
in exchange for 289,050 shares of Greenhill common stock. As
previously announced, Greenhill will retain its existing portfolio
of principal investments, with the intention of realizing the value
thereof over time. About Greenhill Greenhill & Co., Inc. is a
leading independent investment bank focused on providing financial
advice on significant mergers, acquisitions, restructurings,
financings and capital raising to corporations, partnerships,
institutions and governments. It acts for clients located
throughout the world from its offices in New York, London,
Frankfurt, Tokyo, Toronto, Chicago, Dallas, Houston, Los Angeles
and San Francisco. Contact: Richard J. Lieb Chief Financial Officer
Greenhill & Co., Inc. (212) 389-1800 DATASOURCE: Greenhill
& Co., Inc. CONTACT: Richard J. Lieb, Chief Financial Officer,
Greenhill & Co., Inc., +1-212-389-1800
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