Evercore to Buy Advisory Firm Robey Warshaw for $196 Million

Evercore Inc. agreed to acquire Robey Warshaw, one of London’s top boutique advisory firms, as it seeks to capture more market share ahead of a potential boom in deals across Europe.

The US firm will pay $196 million for its smaller rival, it said in a statement on Wednesday. The deal is expected to close in the fourth quarter and will be accretive to Evercore’s profits in the combined company’s first full year.