
Investments
44Portfolio Exits
27Funds
19Partners & Customers
7Service Providers
2About Brown Brothers Harriman
Brown Brothers Harriman is a privately-held financial services firm serving clients globally in three main businesses: Investor Services, Investment & Wealth Management and Banking & Advisory.
Brown Brothers Harriman Headquarter Location
140 Broadway
New York, New York, 10005-1101,
United States
212-483-1818
Brown Brothers Harriman Web Traffic
Brown Brothers Harriman Rank
Latest Brown Brothers Harriman News
Jun 9, 2022
Credit Suisse shares ended up 3.8% in Zurich after jumping following the report in the Swiss financial blog. From lows hit earlier in the day, the shares were up more than 14%. The broader European stock market was down 0.7%. Reuters June 09, 2022 / 06:47 AM IST A Credit Suisse logo in a window of the Credit Suisse Group AG headquarters in Zurich, Switzerland, on Thursday, April 8, 2021. Credit Suisse Chief Executive Officer Thomas Gottstein gathered dozens of managing directors at the global bank on a conference call late Tuesday, as part of crisis-management efforts after the lender announced that it stands to lose as much as $4.7 billion amid the meltdown of hedge fund Archegos Capital Management. Photographer: Stefan Wermuth/Bloomberg Shares in Credit Suisse turned sharply higher on Wednesday afternoon, with traders citing an Inside Paradeplatz report that U.S-based State Street is planning a takeover bid for the troubled lender, though some in the industry doubt the claim. Credit Suisse shares ended up 3.8% in Zurich after jumping following the report in the Swiss financial blog. From lows hit earlier in the day, the shares were up more than 14%. The broader European stock market was down 0.7%. The stock had dropped close to its lowest in over 20 years earlier in the session after the company warned of a likely second-quarter loss as volatility hit its investment bank. In the U.S., shares of State Street finished down 5.4% at $69.04. U.S.-listed shares of Credit Suisse closed down 1% at $6.87. Citing one unidentified source, Inside Paradeplatz said State Street would bid 9 Swiss francs a share, a premium of more than 30% to Tuesday's closing price. That would value Credit Suisse at 23 billion francs ($23.6 billion). "We are not going to respond to an earlier news report," State Street said in a statement. "As we have previously discussed, we are focused on our pending acquisition of Brown Brothers Harriman's Investors Services business." Analysts were sceptical. "I'd struggle to see why State Street would be the buyer of a global full service investment bank franchise," said Michael Brown, analyst at Keefe, Bruyette & Woods. "It extends beyond their core competency as an asset servicing and asset management firm." State Street announced last September that it had agreed to buy investment bank Brown Brothers Harriman & Co's investor services business for $3.5 billion in cash, strengthening its hand in the battle to be the world's biggest custodian bank. Jefferies analysts wrote that they saw the combination as "highly unlikely" citing State Street's pending deal to buy Brown Brothers Harriman's investor services business and the Swiss bank's legal and business challenges. A top U.S. brokerage, in a message to clients, questioned the rationale of any State Street interest for the Swiss bank, citing unclear synergies for the U.S. custodian, along with the risk of capital costs, job cuts and litigation risks. The deal speculation comes as Credit Suisse on Wednesday delivered a third consecutive quarterly profit warning. The bank has described 2022 as a "transition" year in which it is trying to turn the page on costly scandals that brought a near total reshuffle of top management and a restructuring seeking to curtail risk-taking, particularly in its investment bank. Shares have lost nearly half their value since two of the biggest shocks, the collapse of $10 billion in supply-chain finance funds linked to Greensill Capital and a more than $5 billion loss on the unwinding of trades by investment firm Archegos, hit the bank in March 2021. Those blows prompted questions over whether the flagship Swiss lender, left vulnerable by scandals, could be challenged by investors demanding its break-up, or that its shrinking stock-market value makes it a target for a foreign hostile takeover. Top-ten shareholder Artisan Partners told Reuters last month that Credit Suisse should start looking for a new CEO, the first major investor to publicly call for such a move. Separately, sources told Reuters last week that Credit Suisse is in the early stages of weighing options to bolster its capital after a string of losses eroded its financial buffers. Reuters
Brown Brothers Harriman Investments
44 Investments
Brown Brothers Harriman has made 44 investments. Their latest investment was in Martello Re as part of their Private Equity on March 3, 2022.
Brown Brothers Harriman Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
3/15/2022 | Private Equity | Martello Re | $1,650M | Yes | 2 | |
8/6/2021 | Line of Credit - III | Auramet | $300M | Yes | 1 | |
1/9/2019 | Recap | Ethos Veterinary Health | Yes | 1 | ||
4/13/2015 | Series C | |||||
6/23/2014 | Private Equity - II |
Date | 3/15/2022 | 8/6/2021 | 1/9/2019 | 4/13/2015 | 6/23/2014 |
---|---|---|---|---|---|
Round | Private Equity | Line of Credit - III | Recap | Series C | Private Equity - II |
Company | Martello Re | Auramet | Ethos Veterinary Health | ||
Amount | $1,650M | $300M | |||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 2 | 1 | 1 |
Brown Brothers Harriman Portfolio Exits
27 Portfolio Exits
Brown Brothers Harriman has 27 portfolio exits. Their latest portfolio exit was Brown Brothers Harriman - Investor Services on September 07, 2021.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
9/7/2021 | Divestiture | Brown Brothers Harriman - Investor Services | 5 | ||
8/16/2021 | Acquired | 4 | |||
3/2/2020 | Acquired | 1 | |||
Date | 9/7/2021 | 8/16/2021 | 3/2/2020 | ||
---|---|---|---|---|---|
Exit | Divestiture | Acquired | Acquired | ||
Companies | Brown Brothers Harriman - Investor Services | ||||
Valuation | |||||
Acquirer | |||||
Sources | 5 | 4 | 1 |
Brown Brothers Harriman Acquisitions
11 Acquisitions
Brown Brothers Harriman acquired 11 companies. Their latest acquisition was Liguria Foods on February 22, 2008.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
2/22/2008 | Acq - Fin | |||||
10/11/2007 | Debt | $199M | Acq - Fin | |||
4/17/2007 | Other Venture Capital | Acquired | ||||
10/23/2006 | ||||||
8/12/2004 |
Date | 2/22/2008 | 10/11/2007 | 4/17/2007 | 10/23/2006 | 8/12/2004 |
---|---|---|---|---|---|
Investment Stage | Debt | Other Venture Capital | |||
Companies | |||||
Valuation | |||||
Total Funding | $199M | ||||
Note | Acq - Fin | Acq - Fin | Acquired | ||
Sources |
Brown Brothers Harriman Fund History
19 Fund Histories
Brown Brothers Harriman has 19 funds, including BBH Capital Partners VI-J-1 (Cayman).
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
12/31/2020 | BBH Capital Partners VI-J-1 (Cayman) | $55M | 1 | ||
11/5/2020 | BBH Capital Partners VI | $517.38M | 1 | ||
7/21/2020 | BBH Wealth Strategies Unit Trust - Oaktree Opportunities Fund XI Sub-Trust | $35.23M | 1 | ||
7/21/2020 | BBH Wealth Strategies - Oaktree Opportunities Fund XI Series | ||||
2/23/2020 | BBH Wealth Strategies Unit Trust - Barings Loan Sub-Trust |
Closing Date | 12/31/2020 | 11/5/2020 | 7/21/2020 | 7/21/2020 | 2/23/2020 |
---|---|---|---|---|---|
Fund | BBH Capital Partners VI-J-1 (Cayman) | BBH Capital Partners VI | BBH Wealth Strategies Unit Trust - Oaktree Opportunities Fund XI Sub-Trust | BBH Wealth Strategies - Oaktree Opportunities Fund XI Series | BBH Wealth Strategies Unit Trust - Barings Loan Sub-Trust |
Fund Type | |||||
Status | |||||
Amount | $55M | $517.38M | $35.23M | ||
Sources | 1 | 1 | 1 |
Brown Brothers Harriman Partners & Customers
7 Partners and customers
Brown Brothers Harriman has 7 strategic partners and customers. Brown Brothers Harriman recently partnered with China Fund on July 7, 2019.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
7/1/2019 | Client | United States | NEW YORK , April 24 , 2019 - The China Fund , Inc. announced today that its Board of Directors has signed agreements covering Fund Administration , Fund Accounting , Custodial Services and Securities Lending with Brown Brothers Harriman & Co that are planned to commence on or about July 1 , 2019 , following an orderly transition from the present provider . | 1 | |
9/28/2016 | Sponsored | ||||
6/19/2014 | Client | ||||
7/10/2012 | Client | ||||
7/26/2011 | Vendor |
Date | 7/1/2019 | 9/28/2016 | 6/19/2014 | 7/10/2012 | 7/26/2011 |
---|---|---|---|---|---|
Type | Client | Sponsored | Client | Client | Vendor |
Business Partner | |||||
Country | United States | ||||
News Snippet | NEW YORK , April 24 , 2019 - The China Fund , Inc. announced today that its Board of Directors has signed agreements covering Fund Administration , Fund Accounting , Custodial Services and Securities Lending with Brown Brothers Harriman & Co that are planned to commence on or about July 1 , 2019 , following an orderly transition from the present provider . | ||||
Sources | 1 |
Brown Brothers Harriman Service Providers
2 Service Providers
Brown Brothers Harriman has 2 service provider relationships
Service Provider | Associated Rounds | Provider Type | Service Type |
---|---|---|---|
Counsel | |||
Service Provider | ||
---|---|---|
Associated Rounds | ||
Provider Type | Counsel | |
Service Type |
Partnership data by VentureSource
Brown Brothers Harriman Team
33 Team Members
Brown Brothers Harriman has 33 team members, including current Senior Vice President, George Bermingham.
Name | Work History | Title | Status |
---|---|---|---|
George Bermingham | Senior Vice President | Current | |
Michael Gray | Citco, and State Street | Senior Vice President | Current |
Nic Graybrook | Senior Vice President | Current | |
Jay Harrington | Senior Vice President | Current | |
Karen Jackson | Senior Vice President | Current |
Name | George Bermingham | Michael Gray | Nic Graybrook | Jay Harrington | Karen Jackson |
---|---|---|---|---|---|
Work History | Citco, and State Street | ||||
Title | Senior Vice President | Senior Vice President | Senior Vice President | Senior Vice President | Senior Vice President |
Status | Current | Current | Current | Current | Current |
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.