We are advising Mizuho on the transaction

Davis Polk is advising Mizuho Financial Group, Inc. on its acquisition of Greenhill & Co., Inc. in an all-cash transaction at $15 per share, reflecting an enterprise value of approximately $550 million, including assumed debt. The transaction is expected to close by year-end and is subject to approval by Greenhill stockholders, as well as required regulatory approvals and other customary closing conditions.

Mizuho Financial Group, Inc. is the 15th largest bank in the world as measured by its total assets of approximately $2 trillion, according to S&P Global. Mizuho’s 60,000 employees worldwide offer comprehensive financial services to clients in 35 countries and 800 offices throughout the Americas, EMEA and Asia.

Greenhill is a leading independent investment bank entirely focused on providing financial advice on significant mergers, acquisitions, restructurings, financings and capital raising to corporations, partnerships, institutions and governments globally.

The Davis Polk financial institutions team includes partners David L. Portilla, Zachary J. Zweihorn, Paul D. Marquardt, Martin Rogers and Gregory S. Rowland, counsel Mark Chalmers and Will Schisa and associates Gabriella Okafor and Leanne Chu. Members of the Davis Polk team are based in the New York, Washington DC, London and Hong Kong offices.

Paul, Weiss, Rifkind, Wharton & Garrison LLP is also acting as counsel to Mizuho.