Profits at Robey Warshaw have rebounded as the boutique consulting firm known for executing some of the UK’s biggest deals has recovered from its lowest profit period in its eight-year history. .
Group, that making former prime minister George Osborne his fourth partner in April, acted as an advisor to some of the UK’s largest listed companies, including the London Stock Exchange Group, on its $27 billion acquisition of data provider Refinitiv. la.
Revenue at Robey Warshaw grew by 50% to £40.1m in the 12 months to the end of March while the store’s three partners – Sir Simon Robey, Simon Warshaw and Philip Apostolides – shared a total profit of 30.1 million pounds.
Osborne did not share in the profits when it joined the following month. The highest-paid partner, believed to be former Morgan Stanley banker Robey, received £20.1 million, according to accounts filed with the Company this week and reported by The Sunday Times First. Robey Warshaw declined to comment.
The corporation, structured as a limited liability partnership, is not taxed on its profits, with each partner responsible for taxes on their shares. Its 13 employees are paid a total of £6.8m.
The results show the rising fortunes of the business. Its profits were reduced to 17.9 million pounds years ago, with Brexit uncertainty blamed for the lower degree of agreement.
Robey Warshaw has become one of the UK’s most successful trading advisory businesses since it was founded, challenging green-blooded investment banks such as Goldman Sachs and JPMorgan Chase.
Its most recent results bring its total profit since its inception in 2013 to £237 million. Robey alone received more than 100 million pounds in profits during that time.
The group has made a name for itself advising on major acquisitions such as Anheuser-Busch InBev’s £79 billion acquisition of SABMiller in 2016 and US cable group Comcast’s £79 billion acquisition of UK broadcaster Sky. worth £30.6 billion in 2018.
This year it advised on deals including Buy from National Grid of Western Power Distribution with an enterprise value of £14.2 billion.
Robey founded the company in 2013 with former Goldman Sachs banker Simon Robertson before joining Warshaw later that year. The group changed its name to Robey Warshaw after Robertson left in 2014.