- Evercore announced the acquisition of Robey Warshaw, a leading U.K.-based advisory firm with a strong client franchise and relationships with major multinational companies in Europe.
- Robey Warshaw has advised on 7 of the 10 largest transactions in U.K. history, including notable deals like Banco Santander's $3.9 billion acquisition of TSB.
- The acquisition aims to enhance Evercore's capabilities, client relationships, and product offerings, especially in the U.K. and broader EMEA region.
- Robey Warshaw's business is highly complementary, with a focus on strategic advice and trusted relationships, which will be married with Evercore's extensive product set and sector expertise.
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- Adjusted compensation ratio improved to 65.4%, down 60 basis points year-over-year, while adjusted noncompensation expenses rose 9% due to technology and occupancy costs.
- Adjusted operating income was $157 million, a 37% increase versus Q2 2024, with adjusted EPS of $2.42, up 34% year-over-year.
- Advisory fees increased 23% year-over-year to $698 million, a record for the quarter.
- Asset Management and Administration Fees grew 3% to $21 million, driven by market appreciation and net inflows.
- Cash and investment securities totaled over $1.7 billion as of June 30, with positive cash flow and $532 million returned to shareholders in the first half through buybacks and dividends.
- Evercore delivered adjusted net revenues of $839 million in Q2 2025, up nearly 21% year-over-year, marking record revenues for both the quarter and first half of the year.
- GAAP net revenues, operating income, and EPS were $834 million, $150 million, and $2.36 per share respectively in Q2 2025.
- Share repurchases totaled approximately 1.7 million shares year-to-date at an average price of $258.5 per share, fully offsetting dilution from RSU grants.
- Underwriting revenues rose 4% to $32 million, commissions and related revenue increased 10% to $58 million.
- Completed repurchase of $1 billion of preferred stock held by MassMutual, strengthening balance sheet.
- MassMutual's plan to invest $150 million into Invesco Dynamic Credit Opportunity Fund, supporting private credit strategies.
- Partnership with Barings focusing on U.S. wealth channel, with MassMutual supporting with $650 million of capital.
- Emphasis on leveraging private markets growth, evolving wealth management offerings, and expanding private market manager partnerships.
- Euronet announced the acquisition of CoreCard, a leading credit card processing platform, valued at approximately $248 million, in an all-stock transaction.
- The acquisition extends Euronet’s digital payments strategy, adding a scalable, high-margin credit platform with proven clients like Apple, Goldman Sachs, and American Express.
- CoreCard supports millions of card accounts and processes billions of transactions annually, with a focus on revolving credit, which is a highly profitable segment.
- The platform's technology is built for scale, supporting diverse use cases including consumer, business, stablecoins, and fintech innovations.
- The strategic goal is to leverage CoreCard to accelerate growth in the U.S. and emerging markets, especially in Asia and Latin America, where credit markets are expanding.
- Brown & Brown has completed regulatory approvals for the acquisition of RSC Topco (Accession), with an expected closing date of August 1.
- The company completed a successful oversubscribed follow-on equity issuance and multi-tranche bond issuance to finance the deal.
- Integration plans are underway, aiming to leverage expanded capabilities and talent from Accession, which has deep specializations and talented personnel.
- Newmark launched its European operations around a year ago, with a significant presence at Expo Real in Munich in October.
- Signed 70 brokers in Europe, with plans to expand further, leveraging success in France, UK, and other regions.
- European business now accounts for over 13% of total volume, with a strategic focus on building a diversified, integrated platform to serve global corporate clients.
- WisdomTree announced the acquisition of Ceres Partners, a leading U.S. farmland investment manager, for $275 million upfront plus up to $225 million earnout based on revenue growth targets.
- The acquisition aims to leverage WisdomTree's distribution capabilities to scale farmland investments, targeting $10 billion in assets under management (AUM) within 10 years.
- Farmland is positioned as a stable, inflation-hedging asset with a 20-year risk/return profile of approximately 10% annual returns with less volatility, and positive performance during major equity drawdowns (2000, 2008, 2022).
- Ceres' strategy includes high-quality row crops, specialty farmland, and innovative overlays such as solar leases, AI data centers, and water rights, which could significantly enhance returns.
- Equity Bancshares completed a significant merger with NBC in July 2025, adding $665 million in loans and $808 million in deposits.
- The company announced a definitive merger agreement with Frontier Holdings, expanding into Nebraska with locations in Omaha and Lincoln.
- These mergers are part of a strategic roadmap to enter Oklahoma City and Omaha markets, achieved through partnerships with like-minded firms.
- The company has raised $75 million in subordinated debt to fund growth initiatives and acquisitions.
- Management highlighted the importance of integration teams and regulatory cooperation in executing these transactions.
- The company views these mergers as transformational, positioning for substantial organic and inorganic growth.
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