Greenhill to buy secondaries advisor Cogent

Eight Cogent managing directors will join Greenhill, including Singapore-based Dominik Woessner. The company is headquartered in Dallas and has additional locations in London, New York, San Francisco and Singapore. In total, 38 employees will move from Cogent to Greenhill.

Set up in 2002, Cogent has worked on transactions involving thousands of LP interests in private equity funds, generating unaudited revenues of around $45.8 million in 2014. It advises institutions selling fund interests, as well as providing restructuring, financing and valuation services.

The acquisition advances Greenhill's ambition to create the leading independent global financial advisory firm that can work on M&A, restructurings, financing and capital-raising across multiple sectors and geographies. The secondaries-focused part of the business will operate under the name Greenhill Cogent.

"Our institutional investor clients value independent advice from a global firm with deep experience, just as Greenhill's M&A, restructuring and other clients do. And we believe there are significant opportunities to leverage our business with Greenhill's highly successful real estate-focused capital raising business," said Stephen Sloan, managing partner at Cogent, in a statement.

The transaction regulatory approvals and other conditions, and is expected to close around the end of the first quarter.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• Buyouts
• Advisory
• Secondaries
• Secondaries
• M&A
• professional services