July 30 (Reuters) - Evercore ( EVR ) will acquire

British boutique investment bank Robey Warshaw for $196 million,

the U.S. investment bank said on Wednesday.

Payment will be made in two tranches, half in Evercore ( EVR )

shares when the deal closes and the remainder a year later in

either cash or stock, Evercore's ( EVR ) statement said.

The transaction for Mayfair-based Warshaw, whose partners

include former UK finance minister George Osborne, is expected

to close in the fourth quarter of 2025.

New York-based Evercore ( EVR ) said it expects the deal to be

earnings accretive in the first full year after the acquisition

and beyond.

Robey Warshaw was founded in 2013 by former Morgan Stanley

bankers Simon Robey and Philip Apostolides, along with UBS

banker Simon Warshaw, and has built a reputation as a leading

boardroom adviser to Britain's largest corporates over the past

decade.

"Robey Warshaw brings extraordinary, long-standing

relationships with some of the world's leading multinational

companies," Evercore ( EVR ) Chairman and Chief Executive John Weinberg

said in a statement.

The deal will enhance Evercore's ( EVR ) market position in the

largest M&A advisory market in Europe, the company's statement

said, adding that it will open further significant client

opportunities across the EMEA region and globally.

Simon Robey, co-founder of Robey Warshaw, said: "Our clients

will continue to get the personal attention and care we have

always strived to provide. They will also be able to benefit

from greater global reach, broad product capabilities and sector

expertise. Evercore ( EVR ) is the right home for all of us."

The latest consolidation in the sector follows Mizuho

Financial Group's $550 million deal for boutique investment bank

Greenhill in 2023 and Mediobanca's purchase of London-based Arma

Partners in the same year, the price of which was undisclosed.