Deals
Perella Weinberg Inks Deal With Betsy Cohen’s SPAC
- The deal values combined company at about $975 million
- Cohen’s blank-check firm emerged as lead bidder in November
Peter Weinberg, right, and Joseph Perella
Photographer: Simon Dawson/Bloomberg
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Perella Weinberg Partners is finally going public.
The boutique investment bank, the subject of IPO speculation ever since its founding in 2006, agreed to combine with a blank-check company sponsored by finance entrepreneur Betsy Cohen. The deal with FinTech Acquisition Corp. IV, Cohen’s special purpose acquisition company, values the combined firm at about $975 million, according to a statement Wednesday.