- Robins stepped down as restructuring co-head at Greenhill
- He may start in November, says person familiar with the move
Ducera Partners, the firm founded last year by ex-Perella Weinberg Partners bankers, is hiring Brad Robins, the former co-head of restructuring at Greenhill & Co., according to people familiar with the move.
Robins would start as a partner as soon as November, according to one of the people, who asked not to be identified discussing a personnel move. Robins was at Greenhill for 15 years, and Eric Mendelsohn, his co-head, then became the sole leader, people familiar with the departure said on Tuesday. Ducera is led by Michael Kramer, who previously worked with Robins at Greenhill.
Ducera advised Monsanto Co. on its $66 billion deal to sell itself to Bayer AG, the year’s largest announced takeover. The bank may be in line for more than $50 million in fees if the deal is completed, according to consulting firm Freeman & Co. Kramer and Robins didn’t immediately return messages seeking comment.
Kramer and three of his teammates were fired from Perella Weinberg last year for seeking to go out on their own, then filed court papers seeking $60 million in compensation. Perella Weinberg filed a lawsuit against the bankers, and the legal clash is ongoing.
Ducera’s website lists nine senior bankers, eight of whom previously worked at Perella Weinberg. The team also secured business advising a group of Puerto Rico bondholders last year. Ducera has done work tied to restructurings of companies including Peabody Energy Corp. and Verso Corp.