Peter Mandelson's Global Counsel Valued at £30 Million in Deal with Ex-Obama Aide

Global Counsel, the advisory firm founded by former Labour minister Peter Mandelson, has been valued at £30 million in a deal that sees ex-Obama aide Gregg Rothschild take a stake in the company. The transaction involves Global Counsel's partners selling a minority stake to Rothschild's advisory firm, Raine Ventures.

Under the agreement, Rothschild will join Global Counsel as co-chairman alongside Mandelson. The deal provides Global Counsel with additional capital to expand its operations and client base. The firm, which was founded by Mandelson in 2010 after he left government, provides strategic advice to businesses and governments around the world.

Why this matters: The high-profile partnership between Mandelson and Rothschild brings together two influential figures from the worlds of politics and business. The deal highlights the growing demand for strategic advisory services in an increasingly complex global landscape.

Global Counsel has grown rapidly since its inception, with offices in London, Brussels, and Singapore. The firm's clients include major corporations, financial institutions, and government entities. Mandelson, who served as a European Union trade commissioner and held cabinet positions under Prime Ministers Tony Blair and Gordon Brown, brings extensive experience and connections to the firm.

Rothschild, who served as a senior advisor to President Barack Obama, brings his own network and expertise to the partnership. His firm, Raine Ventures, focuses on investments in technology , media, and telecommunications sectors.

The £30 million valuation of Global Counsel reflects the firm's strong growth and reputation in the advisory industry. The deal with Raine Ventures is expected to provide Global Counsel with additional resources to expand its services and reach new clients in key markets around the world.

In a statement, Mandelson said, "This partnership with Raine Ventures and Gregg Rothschild will help take Global Counsel to the next level. We look forward to working together to provide our clients with the highest quality strategic advice in an increasingly complex and interconnected world."

Key Takeaways

• Global Counsel valued at £30M, ex-Obama aide Gregg Rothschild takes stake.
• Rothschild to join as co-chairman, deal provides capital for Global Counsel's expansion.
• Partnership brings together influential figures from politics and business.
• Global Counsel serves major corporations, financial institutions, and government entities.
• Deal reflects firm's growth and reputation, expected to expand services and reach.