Perella Weinberg to Acquire Gleacher Shacklock, a Leading Independent UK Advisory Firm

Rhea-AI Summary

Perella Weinberg Partners (NASDAQ:PWP) has agreed to acquire Gleacher Shacklock, a London-based independent advisory firm. The transaction is expected to close in the second half of 2026, subject to regulatory approval and customary closing conditions. The deal expands PWP's presence in the UK and Europe and aims to combine Gleacher Shacklock’s long-standing client relationships with PWP’s global industry platform to deliver integrated, senior-led advice across M&A, capital markets, and restructuring.

Positive

• Expands PWP presence in the UK, Europe’s largest advisory market
• Adds Gleacher Shacklock’s seasoned advisory team and long client relationships
• Broadens service offering across M&A, capital markets, and restructuring
• Expected close in the second half of 2026

Negative

• Transaction is subject to regulatory approval, creating closing uncertainty
• Timing dependent on customary closing conditions, potentially delaying integration

News Market Reaction – PWP

+2.59%

+2.59% Session close to close

In the Apr 13 session, PWP gained 2.59%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights Perella Weinberg’s plan to acquire Gleacher Shacklock, deepening its pr...

Analysis

This announcement highlights Perella Weinberg’s plan to acquire Gleacher Shacklock, deepening its presence in the UK, Europe’s largest advisory market. The deal, expected to close in the second half of 2026 subject to regulatory approval, adds a long-established London-based advisory franchise. In context of prior expansion moves and earnings volatility, investors may watch for closing progress, integration of UK operations, and subsequent revenue and margin trends alongside any future use of the existing shelf registration.

Key Figures

Gleacher Shacklock founding year: 2003 Expected close timing: Second half of 2026 PWP 20th year: 20 years

3 metrics

Gleacher Shacklock founding year 2003 Firm was founded in 2003

Expected close timing Second half of 2026 Anticipated closing period for the acquisition

PWP 20th year 20 years Perella Weinberg referenced its 20th year in business

Historical Context

5 past events · Latest: Feb 06 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Feb 06	Full-year 2025 earnings	Positive	+8.0%	Detailed 2025 results, cash position, capital returns, and Devon Park acquisition.
Feb 03	Senior hire – technology	Positive	-4.1%	Added partner to technology advisory business focused on software and AI themes.
Jan 28	Earnings date notice	Neutral	+1.0%	Announced timing of full-year and Q4 2025 results and conference call.
Jan 23	Senior hire – healthcare	Positive	-0.6%	Added healthcare services partner as part of deliberate franchise expansion.
Nov 07	Q3 2025 earnings	Negative	-4.4%	Reported significant Q3 revenue decline and year‑to‑date revenue pressure.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

News tied directly to financial performance has often aligned with price moves, while personnel expansion announcements have sometimes seen negative or muted reactions.

Recent Company History

Over the past several months, Perella Weinberg has combined financial results with strategic expansion. Full-year 2025 results on Feb 6, 2026 showed $750.9M revenue and sparked an 8.04% gain, even as revenues declined year-over-year. The firm has been adding senior bankers in technology and healthcare and previously acquired Devon Park Advisors. Earlier, Q3 2025 results on Nov 7, 2025 highlighted revenue pressure and drew a -4.4% reaction. Today’s Gleacher Shacklock acquisition continues the pattern of using M&A to broaden advisory capabilities.

Key Terms

definitive agreement, regulatory approval, sovereign wealth funds, capital markets, +2 more

6 terms

definitive agreement financial

"today announced that it has entered into a definitive agreement to acquire"

A definitive agreement is a formal, legally binding document that outlines the final terms and conditions of a deal or transaction, such as a sale or partnership. It acts like a detailed contract that confirms all parties have agreed on the key details, making the deal official. For investors, it signals that the agreement is settled and moving toward completion, providing clarity and security about the transaction.

regulatory approval regulatory

"expected to close in the second half of 2026, subject to regulatory approval and"

Regulatory approval is the official permission given by government agencies or authorities that allows a product, service, or business activity to be legally operated or sold. It is important to investors because receiving approval often indicates that a product has been reviewed for safety and compliance, which can influence its success and the company’s prospects in the market. Without this approval, launching or selling certain products may be restricted or prohibited.

sovereign wealth funds financial

"track record advising corporates, sovereign wealth funds, and institutions"

Sovereign wealth funds are large pools of money managed by a country's government, often built from profits earned from natural resources or other national revenues. They invest these funds in global markets to help secure the country's future financial stability and growth. For investors, these funds can influence markets because they have significant resources and long-term investment strategies.

capital markets financial

"across M&A, capital markets, and restructuring – is something our clients"

Capital markets are places where people and organizations buy and sell long-term investments like stocks and bonds. They help connect those who need money to grow or fund projects with investors looking to earn returns over time. For investors, capital markets are important because they offer opportunities to invest, save, and grow their wealth through a variety of financial assets.

restructuring financial

"across M&A, capital markets, and restructuring – is something our clients"

Restructuring is a deliberate rearrangement of a company’s operations, finances, or ownership—like reorganizing a cluttered house to run more efficiently—often involving cost cuts, asset sales, debt changes, or staff moves. Investors pay attention because restructuring can improve profitability and free up cash, but it can also signal distress, incur one-time costs, or dilute shareholder value; its success affects future earnings and stock performance.

m&a financial

"The ability to offer genuinely integrated, senior-led advice on both sides of the Atlantic – across M&A, capital markets, and"

M&A, short for mergers and acquisitions, involves one company combining with or purchasing another company to grow, streamline operations, or gain competitive advantages. For investors, M&A activity can signal potential for increased value, new opportunities, or changes in market dynamics, making it an important factor to watch in the business landscape.

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NEW YORK and LONDON, April 13, 2026 (GLOBE NEWSWIRE) -- Perella Weinberg Partners (NASDAQ:PWP), a leading global independent advisory firm, today announced that it has entered into a definitive agreement to acquire Gleacher Shacklock, a premier independent advisory firm headquartered in London with a focus and long-standing presence in the UK advisory market.

Founded in 2003, Gleacher Shacklock is one of the United Kingdom’s most trusted independent advisory firms, with a distinguished track record advising corporates, sovereign wealth funds, and institutions, and an experienced team known for the depth and duration of their client relationships. The transaction is expected to close in the second half of 2026, subject to regulatory approval and customary closing conditions.

The United Kingdom is the largest advisory market in Europe, and cross-border transaction volume between the UK, Europe, and North America continues to accelerate. The acquisition significantly expands Perella Weinberg’s presence in this critical market.

“Since our founding, the UK has been central to our global business, and now in our 20^th year, Gleacher Shacklock is the right partner to accelerate our strategic ambitions,” said Andrew Bednar, Chief Executive Officer of Perella Weinberg. “What sets Gleacher Shacklock apart is not simply the quality of their advice – it is the trust they have earned with clients over more than twenty years, providing highly tailored, independent advice to corporates through all market environments. They have the expertise, relationships, and judgment that the most sophisticated clients seek when the stakes are highest. Combining Gleacher Shacklock’s UK and European franchise with Perella Weinberg’s global industry platform creates something special: deep industry, product, and regional expertise, seamlessly delivered whenever and wherever our clients need us most.”

Tim Shacklock, Chairman of Gleacher Shacklock, said, “For over two decades, we have built Gleacher Shacklock with a single conviction – that clients are best served by advisors who are wholly independent, deeply experienced, and personally invested in their outcomes. Perella Weinberg shares that conviction.”

Dominic Lee, Chief Executive Officer of Gleacher Shacklock, added, “Perella Weinberg’s global reach and industry expertise will allow us to bring meaningfully more to our clients together, particularly as cross-border activity continues to accelerate. The ability to offer genuinely integrated, senior-led advice on both sides of the Atlantic – across M&A, capital markets, and restructuring – is something our clients have long asked for, and something we can now deliver.”

Supplemental information regarding the transaction is available on the Investor Relations section of Perella Weinberg’s website at https://investors.pwpartners.com/.

About Perella Weinberg
Perella Weinberg is a leading global independent advisory firm, providing strategic and financial advice to a broad client base, including corporations, financial sponsors, governments, and sovereign wealth funds. The Firm offers a wide range of advisory services to clients in some of the most active industry sectors and global markets. With approximately 700 employees, Perella Weinberg currently maintains offices in New York, London, Houston, Los Angeles, San Francisco, Paris, Chicago, Munich, Palm Beach, Denver, Calgary, and Greenwich.

About Gleacher Shacklock
Gleacher Shacklock is a market-leading, independent investment banking advisory firm based in London. Founded in 2003, the Firm specializes in providing the highest quality strategic and financial advice to help clients solve complex issues across a range of areas including M&A and strategic financial advisory, defense advisory, and capital markets advisory. The Firm’s clients include leading companies, financial sponsors, sovereign wealth funds and institutions, with expertise across a wide range of industry sectors. Gleacher Shacklock has approximately 30 advisory professionals and covers clients predominantly based in the United Kingdom and Europe.

Contacts
For Perella Weinberg Investor Relations: investors@pwpartners.com
For Perella Weinberg Media: media@pwpartners.com

FAQ

What did PWP announce about acquiring Gleacher Shacklock on April 13, 2026?

PWP announced a definitive agreement to acquire Gleacher Shacklock, expanding its UK advisory footprint. According to the company, the transaction is expected to close in the second half of 2026, subject to regulatory approval and customary closing conditions.

When is the PWP and Gleacher Shacklock acquisition expected to close (PWP)?

The acquisition is expected to close in the second half of 2026. According to the company, closing remains subject to regulatory approval and customary closing conditions, which could affect the exact timing or completion.

How will the Gleacher Shacklock deal affect PWP’s services and geographic reach (PWP)?

The deal expands PWP’s UK and European advisory capabilities and cross-border reach. According to the company, combining teams will enable integrated, senior-led advice across M&A, capital markets, and restructuring for transatlantic clients.

Did Perella Weinberg (PWP) disclose financial terms for the Gleacher Shacklock acquisition?

Perella Weinberg did not disclose financial terms in the announcement. According to the company, supplemental transaction information is available on its investor relations website, but no purchase price was provided in the release.

What approvals are required for the PWP acquisition of Gleacher Shacklock (PWP)?

The transaction requires regulatory approval and customary closing conditions before completion. According to the company, these approvals are standard and must be satisfied for the deal to close in the second half of 2026.

What strategic benefits did PWP cite for acquiring Gleacher Shacklock (PWP)?

PWP cited expanded UK presence and deeper client relationships as strategic benefits. According to the company, Gleacher Shacklock’s trusted advisory team complements PWP’s global industry platform to better serve cross-border clients.