EX-99.1
3
dp15995_ex9901.htm
EXHIBIT 99.1
Exhibit
99.1
Greenhill
Contact:
Richard J.
Lieb,
Chief
Financial Officer
Greenhill
& Co., Inc.
(212)
389-1800
For Immediate
Release
Greenhill
Closes Sale of Merchant Banking Assets
NEW
YORK, December 23, 2009 - Greenhill & Co., Inc. ("Greenhill")
(NYSE: GHL) today announced that it had closed the sale of certain assets
related to its merchant banking business in connection with its previously
announced plan to focus entirely on its client advisory business over time, to
Robert H. Niehaus, the Chairman of Greenhill Capital Partners, and V. Frank
Pottow, a member of the investment committee of Greenhill Capital Partners, in
exchange for 289,050 shares of Greenhill common stock. As previously
announced, Greenhill will retain its existing portfolio of principal
investments, with the intention of realizing the value thereof over
time.
About
Greenhill
Greenhill
& Co., Inc. is a leading independent investment bank focused on providing
financial advice on significant mergers, acquisitions, restructurings,
financings and capital raising to corporations, partnerships, institutions and
governments. It acts for clients located throughout the world from its offices
in New York, London, Frankfurt, Tokyo, Toronto, Chicago, Dallas, Houston, Los
Angeles and San Francisco.

EX - 99 . 1 3 dp15995 _ ex9901 . htm EXHIBIT 99 . 1 Exhibit 99 . 1 Greenhill Contact : Richard J . Lieb , Chief Financial Officer Greenhill & Co . , Inc . ( 212 ) 389 - 1800 For Immediate Release Greenhill Closes Sale of Merchant Banking Assets NEW YORK , December 23 , 2009 - Greenhill & Co . , Inc . ( " Greenhill " ) ( NYSE : GHL ) today announced that it had closed the sale of certain assets related to its merchant banking business in connection with its previously announced plan to focus entirely on its client advisory business over time , to Robert H . Niehaus , the Chairman of Greenhill Capital Partners , and V . Frank Pottow , a member of the investment committee of Greenhill Capital Partners , in exchange for 289,050 shares of Greenhill common stock . As previously announced , Greenhill will retain its existing portfolio of principal investments , with the intention of realizing the value thereof over time . About Greenhill Greenhill & Co . , Inc . is a leading independent investment bank focused on providing financial advice on significant mergers , acquisitions , restructurings , financings and capital raising to corporations , partnerships , institutions and governments . It acts for clients located throughout the world from its offices in New York , London , Frankfurt , Tokyo , Toronto , Chicago , Dallas , Houston , Los Angeles and San Francisco .