Market Overview

PJT Partners Inc. Enters into Agreement to Acquire CamberView


Enhances shareholder advisory capabilities and expertise in complex
shareholder matters

PJT Partners Inc. (the "Company" or "PJT Partners") (NYSE: PJT)
announced today that it entered into an agreement to acquire CamberView
Partners Holdings, LLC ("CamberView"), a leading advisory firm providing
independent advice to assist public company boards of directors and
management teams in building strong and successful relationships with
investors. CamberView has extensive experience advising clients in all
aspects of corporate governance and shareholder activism, including
contested situations. The CamberView team has an unparalleled depth of
institutional client insight, bringing many years of leadership
experience from some of the largest index, actively managed and pension
funds as well as governance advisory firms.

CamberView was founded in 2012 with headquarters in San Francisco and
offices in New York and London, and serves clients globally with a team
of more than 40 professionals. The firm has advised more than 180 public
companies across a broad range of industries, including nearly half of
the Fortune 100.

Paul J. Taubman, Chairman and Chief Executive Officer of PJT Partners,
said, "We are pleased to welcome the CamberView team into PJT Partners.
CamberView's deep experience and expertise in shareholder and governance
matters significantly expands our ability to serve clients. CamberView
shares a commitment to integrity, collaboration and best-in-class client
service, which is at the heart of our firm."

Under the terms of the acquisition agreement, the Company will acquire
100% ownership of CamberView in exchange for total consideration of
approximately $165 million, comprised of approximately $100 million of
equity in a combination of Class A common stock and partnership units
and $65 million of cash, subject to net working capital and other
adjustments as set forth in the agreement.

Abe M. Friedman, Chief Executive Officer and a founder of CamberView,
said, "We are excited to become a part of PJT Partners, which will
enable us to provide our clients access to a fuller suite of advisory
capabilities. PJT Partners shares an intense focus on providing the
highest integrity client service and our mutual commitment to an
entrepreneurial culture of collaboration will ensure a smooth transition
and enhance our service to clients."

Ignacio Jayanti, Managing Partner of Corsair Capital LP, CamberView's
largest investor, said, "This transaction provides CamberView's world
class team access to increased resources, expertise and scale to expand
its service offering to clients and accelerate long-term growth. This
combination brings together two businesses with proven track records of
successfully advising blue chip companies globally. Corsair is looking
forward to becoming a shareholder in PJT Partners."

The transaction is subject to receipt by PJT Partners of applicable
regulatory approvals and other customary conditions, and is expected to
close early in the fourth quarter of 2018.

About PJT Partners

PJT Partners is a global advisory-focused investment bank. Our team of
senior professionals delivers a wide array of strategic advisory,
restructuring and special situations and private fund advisory and
placement services to corporations, financial sponsors, institutional
investors and governments around the world. We offer a unique portfolio
of advisory services designed to help our clients achieve their
strategic objectives. We also provide, through Park Hill Group, private
fund advisory and placement services for alternative investment
managers, including private equity funds, real estate funds and hedge
funds. To learn more about PJT Partners, please visit the Company's
website at

About CamberView

CamberView is the leading provider of investor-led advice to public
companies on engagement and shareholder relations, activism and
contested situations, sustainability and complex corporate governance
matters. CamberView helps its clients succeed by providing unique
insight into investors' perspectives on long-term value creation,
interpreting the evolving governance landscape and creating proactive
strategies to stay ahead of investor challenges.

Forward-Looking Statements

Certain material presented herein contains forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements include certain information
concerning future results of operations, business strategies, financing
plans, competitive position, potential growth opportunities, potential
operating performance improvements, the effects of competition and the
effects of future legislation or regulations. Forward-looking statements
include all statements that are not historical facts and can be
identified by the use of forward-looking terminology such as the words
"believe," "expect," "plan," "intend," "anticipate," "estimate,"
"predict," "potential," "continue," "may," "might," "should," "could" or
the negative of these terms or similar expressions.

Forward-looking statements involve risks, uncertainties and assumptions.
Actual results may differ materially from those expressed in such
forward-looking statements. You should not put undue reliance on any
forward-looking statements contained herein. Except as required by law,
we undertake no obligation to publicly update or review any
forward-looking statement, whether as a result of new information,
future developments or otherwise.

The risk factors discussed in the "Risk Factors" section of our Annual
Report on Form 10-K for the year ended December 31, 2017, filed with the
United States Securities and Exchange Commission ("SEC"), as such
factors may be updated from time to time in our periodic filings with
the SEC, accessible on the SEC's website at,
could cause our results to differ materially from those expressed in
forward-looking statements. There may be other risks and uncertainties
that we are unable to predict at this time or that are not currently
expected to have a material adverse effect on our business. Any such
risks could cause our results to differ materially from those expressed
in forward-looking statements.

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