|Blair W. Effron|
Poughkeepsie, New York
|Education||Princeton University (AB, 1984)
Columbia Business School (MBA, 1986)
|Employer||UBS Investment Bank (prior)
UBS Warburg (prior)
Warburg Dillon Read (prior)
Dillon, Read & Co. (prior)
|Known for||Co-Founder of Centerview Partners|
Blair W. Effron is an American financier. Effron co-founded Centerview Partners, a boutique investment banking firm based in New York City. Centerview has offices in London, New York, Los Angeles and San Francisco. Centerview Partners is a leading independent investment banking and advisory firm. The firm provides advice on mergers and acquisitions, financial restructurings, valuation, and capital structure to companies, institutions and governments.
Since the founding of Centerview in 2006, they have advised on more than $600 billion of transactions. Their clients include over 20% of the 50 largest companies in the world by market capitalization, and they have been involved in many of the largest and most complex corporate situations and transactions.
Effron grew up in Poughkeepsie, New York, son of James W. Effron, president of Effron Oil. Effron graduated with a BA from Princeton University in 1984 and an MBA from Columbia Business School in 1986. He began his career at Dillon, Read & Co. and would remain with the firm and its successors (Warburg Dillon Read, UBS Warburg and UBS Investment Bank) over the next 20 years. Effron received a brief mention as an associate at Dillon Read in the Barbarians at the Gate involved in the buyout of RJR Nabisco by Kohlberg Kravis Roberts & Co.
Effron began his career in investment banking in the early 1980s and built up a reputation as one of the leading bankers in the consumer products industry. At UBS, Effron was Group Vice Chairman of UBS AG and a member of the Board of UBS Investment Bank, where he also sat on several management committees. Effron's major coup came in 2005 when he advised Gillette on its $57 billion sale to Procter & Gamble, which was the largest mergers and acquisitions transaction of 2005. Among Effron's other major deals are:
- H.J. Heinz $28 billion sale to an investor consortium consisting of 3G Capital and Berkshire Hathaway
- General Electric Company $18 billion sale of remaining 49% interest in NBCUniversal to Comcast
- NewsCorp's intention to pursue a separation of its publishing and media and entertainment businesses into two distinct publicly traded companies
- Pepsico's $5.4 billion acquisition of Wimm-Bill-Dann Foods
- InBev's $52 billion acquisition of Anheuser-Busch
- Unilever's $24 billion acquisition of Bestfoods
- PepsiCo's $21 billion acquisition of The Pepsi Bottling Group and PepsiAmericas
- Nabisco's sale to Kraft for $19 billion and RJ Reynolds Tobacco for $10 billion
- Diageo's $10 billion sale of Pillsbury to General Mills
- Diageo's $8 billion purchase of Seagram's wine and spirits business
- News Corp's $6 billion acquisition of Dow Jones
- Keebler Company's $4 billion sale to Kellogg
- Blackstone Group's $2 billion leveraged buyout of Pinnacle Foods
- Godiva Chocolate's sale to Campbell for $850 million
- ConAgra's $2.8 billion sale of Commodities Trading Group
- Vestar Capital Partners's $1.3 billion sale of Bird's Eye Foods to Pinnacle Foods
In 2006, Effron announced he was leaving UBS to form a new boutique investment banking firm. >
In July 2006, Effron co-founded Centerview Partners along with Stephen Crawford, a former co-president of Morgan Stanley as well as Robert Pruzan, formerly CEO of Dresdner Kleinwort Wasserstein North America.
Effron is Treasurer of Lincoln Center, and he also sits on the Boards of the Metropolitan Museum of Art, the Frick Museum, New Visions for Public Schools and Greater NY. He is a member of the Council on Foreign Relations and the Hamilton Project at the Brookings Institution.
- Boutique Bank That’s Riding Out the Storm. New York Times, February 29, 2008
- For Boutiques, Time to Shop as Bankers Flee Big Firms. Wall Street Journal, February 5, 2009
- Bryan Burrough, John Helyar. Barbarians at the Gate: The Fall of RJR Nabisco. HarperCollins, 1990
- Three Senior Wall Street Professionals Announce Formation of Centerview Partners.
5. Centerview Partners’ relationship care brings blockbuster deals http://www.ft.com/intl/cms/s/0/0dbe06e2-ab9c-11e3-90af-00144feab7de.html#axzz2wtTCX7db