Perella Weinberg Partners Completes Business Combination With FinTech Acquisition Corp. IV
Summary
With our best-in-class team and premium global advisory brand, we are energized by the opportunity to deliver the very best strategic financial advice to our clients and drive long-term value for our shareholders.” Betsy Cohen, Chairman of the Board of Directors of FinTech IV, said, “ We are pleased to complete the business combination with PWP and excited to introduce this world class, differentiated brand to the public markets as the PWP team focuses on capitalizing on the increasing demand for expert independent advisory services in today’s fast moving and highly complex business environment.” Perella Weinberg Partners LP served as exclusive capital markets and financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP acted as legal counsel to PWP. Perella Weinberg Partners is a leading global independent advisory firm, providing strategic and financial advice to a broad client base, including corporations, institutions, governments, sovereign wealth funds and private equity investors. The firm offers a wide range of advisory services to clients in the most active industry sectors and global markets. With approximately 560 employees, PWP currently maintains offices in New York, Houston, London, Calgary, Chicago, Denver, Los Angeles, Paris, Munich, and San Francisco. Factors that may cause such differences include, among others, the following: (1) the ability to maintain the listing of the combined company’s securities on NASDAQ; (2) the risk that the transaction disrupts current plans and operations of PWP as a result of the announcement and consummation of the transactions described herein; (3) the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (4) costs related to the Business Combination; (5) changes in applicable laws or regulations; (6) the possibility that PWP may be adversely affected by other economic, business, and/or competitive factors; (7) the outcome of any legal proceedings that may be instituted against PWP or any of its directors or officers; (8) the failure to realize anticipated pro forma results and underlying assumptions, including with respect to estimated stockholder redemptions and purchase price and other adjustments; (9) changes in general economic conditions, including as a result of the COVID-19 pandemic; and (10) other risks and uncertainties indicated from time to time in the definitive proxy statement of FinTech IV filed with the SEC on May 27, 2021, including those under “Risk Factors” therein, and other documents filed or to be filed with the SEC by PWP.