Greenhill in its $550 million all-cash acquisition by Mizuho

On May 22, 2023, Greenhill & Co., Inc. (NYSE: GHL) announced a definitive agreement to be acquired by Mizuho, a leading global bank, in an all-cash transaction at $15 per share. The transaction represents a 121% premium to Greenhill’s closing price and reflects an enterprise value of approximately $550 million. Greenhill is led by Chairman and CEO Scott Bok.  Bok will become Chairman of Mizuho’s M&A and restructuring advisory business, which will operate under the Greenhill brand.  Greenhill’s global network, leadership and team will all remain in place.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Greenhill.