Jan 5 (Reuters) - U.S.-headquartered Centerview Partners
is becoming more open to exploring its options, including
selling a stake in the boutique bank firm to an outside investor
or going public, the Wall Street Journal reported on Sunday.
The firm has recently received interest from big investors,
the report said, citing people familiar with the matter.
A transaction could also assuage the bank's roughly 80
partners, including a handful who are near or past the age of 60
and would likely welcome an opportunity to sell their shares,
the WSJ said.
"I never wanted to think about anything around monetization
until the firm was broad enough to be stable enough,
irrespective of the environment," its co-founder Blair Effron
told the Journal.
Effron and his co-founder, Robert Pruzan, cautioned that the
newly adopted stance does not guarantee the bank will do a deal
soon, especially given that it is doing well as is, the Journal
said.
Centerview did not immediately respond to a Reuters' request
for comment.
The bank last year advised Capital One on its $35
billion-plus acquisition of Discover Financial Services ( DFS )
and Paramount Global's ( PARAA ) special committee on its merger
with David Ellison's production company Skydance.
With offices in the U.S. and UK, Centerview provides advice
on mergers and acquisitions, financial restructurings, and other
areas to companies, institutions, and governments. According to
its website, the bank has advised on over $4 trillion of
transactions since its founding in 2006.