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{{Short description|American multinational independent investment bank and financial services company}} | |||
⚫ | {{Infobox |
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⚫ | {{Infobox company | ||
| company_logo = ] | |||
⚫ | | name = William Blair & Company | ||
| company_type = ] | |||
| logo = William Blair wordmark.svg | |||
| foundation = January 8, 1935 | |||
| type = ] | |||
⚫ | | founder |
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⚫ | | industry = ] | ||
⚫ | | |
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| founded = 1935 | |||
| key_people = | |||
⚫ | | founder = ] | ||
| predecessor = Blair, Bonner & Co. | |||
| hq_location = 150 North Riverside Plaza | |||
⚫ | | industry |
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⚫ | | hq_location_city = ], ] | ||
⚫ | | products |
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| hq_location_country = ] | |||
| assets = | |||
| area_served = Worldwide | |||
⚫ | | num_employees |
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| key_people = John Ettelson<ref name=bloom/><br><small>(] and ])</small><br>Jon Walter Zindel<ref name=bloom/><br><small>(CFO)</small><br>Brent Gledhill<ref name=bloom/><br><small>(Global Head of Investment Banking)</small> | |||
⚫ | | homepage |
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⚫ | | products = ] and ] | ||
| aum = $123 billion <small>(December 2020)</small><ref>{{Cite web|title=About William Blair|url=https://www.williamblair.com/en/About-William-Blair.aspx|publisher= William Blair|access-date=2021-02-07}}</ref> | |||
⚫ | | num_employees = 1,400+ | ||
⚫ | | homepage = {{URL|www.williamblair.com}} | ||
}} | }} | ||
'''William Blair & Company''' ("William Blair") is an American multinational ] and ] company focusing on ], investment management, and private wealth management.<ref>{{cite web|title=William Blair profile|url=https://brokercheck.finra.org/firm/summary/1252|publisher=BrokerCheck|access-date=18 August 2017}}</ref> The firm currently reports $17 billion of reportable assets and 1,700 open positions.<ref>{{cite web|title=William Blair - Latest 13F Holdings|url=https://fintel.io/i/blair-william-co-il|publisher=Fintel|access-date=2 September 2019}}</ref> | |||
'''William Blair & Company''' is ] employee-owned financial services firm that provides ], ], ] and ] serives. | |||
The firm, which opened in 1935, is independent and employee-owned, operating in more than 20 offices with headquarters in Chicago, Illinois.<ref name=bloom>{{cite web |title=Company Overview of William Blair & Company, L.L.C. |url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=664056 |website=Bloomberg |access-date=19 August 2018}}</ref> The firm has had five CEOs or managing partners, three of whom continue to work at the firm. John Ettelson, who has served as president and CEO since 2004, heads the firm's executive committee. | |||
William Blair & Company, L.L.C. was founded in 1935. The firm has approximately 1,000 employes and is based in ] with offices in ], ], ], ] and ]. | |||
==See also== | |||
The firm has broad employee ownership, with 173 principals, a large percentage of the professional staff and over $130 million of equity capital. | |||
* ] | |||
* ] | |||
== |
== References == | ||
{{Reflist}} | |||
William Blair & Company opened on January 8, 1935 as Blair, Bonner & Co. The firm was founded by ] and Francis A. Bonner who had worked together at investment firm ], prior to its collapse in 1932-1933. | |||
⚫ | == External links == | ||
In its early days it assisted the growth of the Household Finance Corporation, Continental Casualty and Continental Assurance companies (today ]). The firm focused on raising capital, primarily for midwestern growth-oriented companies, through its own originated issues rather than distribute securities for larger Wall Street based ]s. | |||
* {{Official website|http://www.williamblair.com}} | |||
{{Major investment banks}} | |||
In 1941 Bonner left the company, and it was renamed William Blair & Company. The firm was managed by five partners: William Blair, Wallace Flower, Donald Miehls, Lee Ostrander and Daniel Ritter.{{fact|date=February 2009}} | |||
{{Authority control}} | |||
{{DEFAULTSORT:William Blair and Company}} | |||
In 1946 Blair's sons, ], Edward McCormick Blair and Bowen Blair joined the firm. Blair, Sr. stepped down as managing partner in 1961, and handed the reins over to son Edward. ] remained a senior partner of William Blair & Co. until his death in 1982 (age 97). The firm has since counted such notables as ] among its directors.{{fact|date=February 2009}} | |||
] | |||
] | |||
Under Edward Blair and Edgar D. Jannotta (managing partner from 1977 to 1994) the firm experienced two difficult periods: the late 1960s, when the inability to process trades resulted in a paper crunch that threatened the industry with shutdown, and the 1970s, when the market value of securities and underwriting activity declined substantially.{{fact|date=February 2009}} The firm continued to help finance growth companies completing ]s for companies such as ], Oil-Dri Corporation and ] during the 1970s. | |||
⚫ | ] | ||
] | |||
In the 1980s, the firm generally avoided many of the hottest areas including underwriting ], ]s and ].{{fact|date=February 2009}} The company expanded its geographic reach, opening additional offices in ] and ] to better serve international clients. It enlarged its corporate client base to encompass more companies throughout the United States beyond the midwest and extended its corporate financial services.{{fact|date=February 2009}} | |||
During the 1990s, business continued to expand dramatically.{{fact|date=February 2009}} Between 1991 and 1996 William Blair & Company lead managed or co-managed 196 equity underwriting transactions representing $13.6 billion in capital.{{fact|date=February 2009}} William Blair & Company also expanded its debt finance services, becoming active in bond financing and bond trading. The firm continued to serve traditional debt-issuing clients such as private corporations and states, counties, municipalities and school districts while expanding this client base to encompass healthcare facilities, institutions of higher learning and transportation authorities. The firm also earned a growing national reputation for successfully floating bonds for cultural institutions.{{fact|date=February 2009}} | |||
In 1995 the firm opened a ] office, followed in 1996 by a ] office and in 1999 by a new office in ]. William Blair also expanded its international presence by increasing the size of its ] and ] offices. In August 2006, William Blair opened an institutional sales and trading office in downtown Boston, as part of an effort to locate in regions with a high concentration of clients. In 2007, the firm has opened a new representative office in Shanghai, China, and another institutional sales office in New York.{{fact|date=February 2009}} | |||
==William Blair Capital Partners== | |||
] | |||
{{main|Chicago Growth Partners}} | |||
William Blair Capital Partners was the investment arm of William Blair & Company, founded in 1982. During the 1980s, WBCP was an active investor in leveraged buyout transactions. | |||
In 2004, the principals of William Blair Capital Partners completed a spinout from William Blair to form ], a ] firm focusing on investments in ] and ] of lower ] ].<ref name=firmgrows>. Reuters Buyouts, April 14, 2008</ref> The primary motivation for the departure of the Chicago Growth Partners team from William Blair was to gain access to a more diversified base of ]s that was limited by the group's involvement with the investment bank. | |||
In August 2006, the remaining partners of William Blair Capital Partners suspended efforts to raise William Blair Capital Partners VIII, which had been reportedly targeted at about $250 million. The remaining team left William Blair to found a new private equity firm, Seyen Capital.<ref>*. Reuters Buyouts, August 7, 2006</ref> | |||
==References== | |||
*, Financial Times, May 25 2008 | |||
*. Pension & Investments, November 10, 2008 | |||
⚫ | ==External links== | ||
* (company profile) | |||
{{US-finance-company-stub}} | |||
⚫ | ] |
Latest revision as of 09:08, 25 December 2024
American multinational independent investment bank and financial services company
Company type | Privately held |
---|---|
Industry | Financial services |
Founded | 1935 |
Founder | William McCormick Blair |
Headquarters | 150 North Riverside Plaza, Chicago, Illinois, United States |
Area served | Worldwide |
Key people | John Ettelson (President and CEO) Jon Walter Zindel (CFO) Brent Gledhill (Global Head of Investment Banking) |
Products | Investment banking and wealth management |
AUM | $123 billion (December 2020) |
Number of employees | 1,400+ |
Website | www |
William Blair & Company ("William Blair") is an American multinational independent investment bank and financial services company focusing on investment banking, investment management, and private wealth management. The firm currently reports $17 billion of reportable assets and 1,700 open positions.
The firm, which opened in 1935, is independent and employee-owned, operating in more than 20 offices with headquarters in Chicago, Illinois. The firm has had five CEOs or managing partners, three of whom continue to work at the firm. John Ettelson, who has served as president and CEO since 2004, heads the firm's executive committee.
See also
References
- ^ "Company Overview of William Blair & Company, L.L.C." Bloomberg. Retrieved 19 August 2018.
- "About William Blair". William Blair. Retrieved 2021-02-07.
- "William Blair profile". BrokerCheck. Retrieved 18 August 2017.
- "William Blair - Latest 13F Holdings". Fintel. Retrieved 2 September 2019.