Evercore

Evercore Inc., formerly known as Evercore Partners,[2] is a global independent investment banking advisory firm founded in 1995 by Roger Altman, David Offensend, and Austin Beutner.[3] In the 2018 Vault Banking 50, Evercore was ranked as the #2 investment bank in the world, behind Goldman Sachs.[4]

Evercore's Investment Banking business advises its clients on mergers and acquisitions, divestitures, restructurings, financings, public offerings, private placements and other strategic transactions and also provides institutional investors with macro and fundamental equity research, sales and trading execution. Evercore's Investment Management business comprises wealth management, institutional asset management and private equity investing. Evercore serves clients from 28 offices in North America, Europe, South America and Asia.[5] Since 1995, the firm has advised on more than $3 trillion of merger, acquisition, recapitalization, and restructuring transactions.

Evercore Inc.
Formerly
Evercore Partners Inc.
Public
Traded as
IndustryInvestment banking
Founded1995
FounderRoger Altman
Headquarters55 East 52nd Street
New York City, United States
Key people
Roger Altman
(Senior Chairman)
John S. Weinberg
(Executive Chairman)
Ralph Schlosstein
(President and CEO)
ProductsInvestment banking
Investment management
RevenueIncrease US$1.4 billion (2016)[1]
Increase $107 million (2016)[1]
Number of employees
1,525 (2016)[1]

The Business

Investment Banking

Evercore’s Investment Banking segment includes the global advisory business through which Evercore delivers strategic corporate advisory, capital markets advisory and institutional equities services.

Mergers and Acquisitions

Evercore evaluates potential targets, provides valuation analyses, and evaluates and proposes financial and strategic alternatives. The company provides boards and management teams with independent judgment and expertise as they navigate transactions. Evercore also advises as to the timing, structure, financing and pricing of proposed transactions and assists in negotiating and closing these deals.

Strategic Shareholder Advisory

Evercore’s strategic shareholder advisory strategies help clients prepare for, avoid, and defend against activist investors and hostile takeover attempts.

Restructuring

Evercore provides independent financial restructuring advice to companies, creditors, shareholders, and other stakeholders, both in and out of court. The company specializes in providing advice to clients on complex balance sheet issues and transformational situations.

Investment Management

Evercore’s Investment Management segment includes wealth management and trust services through Evercore Wealth Management L.L.C. ("EWM") and investment management services in Mexico through Evercore Casa de Bolsa, S.A. de C.V. ("ECB"), as well as private equity through investments in entities that manage private equity funds.

Evercore Wealth Management

Evercore’s U.S.–based Evercore Wealth Management serves high-net-worth individuals, foundations and endowments.

Recent activities

In 2009 Evercore advised on Wyeth in the largest deal of the year. In 2010 the firm advised Genyzme in the largest healthcare deal of the year.[6]

In August 2011, the firm completed its acquisition of Lexicon Partners, an independent UK-based investment banking advisory firm.[7]

In October 2011, Evercore and Kotak Mahindra Capital Company Limited ("Kotak Investment Banking") (a subsidiary of Kotak Mahindra Bank Limited), announced that the two firms had entered into an exclusive strategic alliance for cross-border M&A advisory services between India and the United States, the United Kingdom, and Mexico.[7]

In November 2011, the firm announced that it had agreed to purchase a 45% non-controlling interest in ABS Investment Management, an institutionally focused equity long/short hedge fund of funds manager.[7]

In 2012 Evercore advised Kraft in the largest Consumer/Retail deal of the year, as well as TNK-BP in the largest Energy deal of the year.[8][9]

In 2013 Evercore advised Dell in the largest Technology deal of the year.[10]

In April 2014, former Evercore banker Perkins Hixon pleaded guilty to insider trading in the securities of Evercore, Westway Group Inc. and Titanium Metals Corporation[11] from 2010-2013. He resigned from the company earlier in 2014.[12]

In August 2014, Evercore announced the acquisition of International Strategy & Investment ("ISI") Group for $440 million.[13][14][15] The deal was closed the following October to create Evercore ISI Institutional Equities, offering Macro and Fundamental Research, Sales, and Trading execution. In 2014, the firm secured the second highest number of Institutional Investor #1 positions, after J.P. Morgan, and also ranked #5 in total II positions.[16] The same year, Evercore advised AstraZeneca in its defense against Pfizer’s hostile takeover.

Other M&A assignments include advising DuPont on its $68 billion merger of equals with The Dow Chemical Company to create DowDuPont;[17] Medivation on its sale to Pfizer Inc., and Abbott Laboratories on its $31 billion acquisition of St. Jude Medical in the two largest Healthcare transactions of 2016.[18] In addition, the company advised Qualcomm on its pending acquisition of NXP Semiconductors NV in the largest Technology transaction of that year. Evercore also advised Centurylink on its pending acquisition of Level 3 Communications Inc. in the largest Telecom transaction of 2016, and Tesla, Inc. on its $2 billion acquisition of SolarCity.[19]

Also in 2016, John Weinberg joined Evercore as Chairman of the Board and Executive Chairman.[20]

In 2017, Evercore advised Coach, Inc. on its $2 billion acquisition of Kate Spade New York;[21] Whole Foods Market on its $14 billion sale to Amazon;[22] CVS on its acquisition of Aetna in the largest Healthcare deal of year; and Qualcomm on its successful defense against Broadcom in the largest contested Technology deal ever.[23]

In 2018 Evercore has advised the Independent Committee of the Board of Directors of T-Mobile U.S. on its acquisition of Sprint Corporation and Takeda Pharmaceutical Company Limited on its acquisition of Shire plc.[24]

Awards

Euromoney named Evercore World's Best Independent Investment Bank in 2017.[25]

Vault Banking ranked Evercore in its Top 50 #2 Overall.[26]

References

  1. ^ a b c [1]
  2. ^ "Evercore Partners Inc". The New York Times. ISSN 0362-4331. Retrieved 2017-09-25.
  3. ^ Evercore Makes a Bid for Court TV - NY Times
  4. ^ http://www.vault.com/company-rankings/banking/vault-banking-50
  5. ^ Boyd, Michael (2017-08-08). "Evercore: Underfollowed Firm Has Great Potential". Seeking Alpha. Retrieved 2017-09-25.
  6. ^ "The Pharmaceuticals Banker That Helped Evercore Land a $4 Billion Mandate". Wall Street Journal. 2009-07-31.
  7. ^ a b c Evercore Partners 2011 Financial News
  8. ^ "Evercore Kraft Spin Off". Financial News. 2011-08-05.
  9. ^ "BP's Partner in TNK-BP Looks to Sell Stake". Financial Times. 2012-10-08.
  10. ^ "Legions of Advisers for Dell EMC Deal". New York Times. 2015-10-13.
  11. ^ Pital, Sisal S., "Ex-Evercore director guilty of insider trading", MarketWatch, April 3, 2014. Retrieved 2014-04-03.
  12. ^ Calder, Rich and Josh Kosman, "Perk Hixon, ex-Evercore banker, to plead guilty to insider trading", New York Post, April 2, 2014. Retrieved 2014-04-03.
  13. ^ "Subscribe to read". Financial Times. Retrieved 2017-09-25.
  14. ^ Roberts, Lee (2014-08-03). "Evercore Partners to Acquire ISI Group". Wall Street Journal. ISSN 0099-9660. Retrieved 2017-09-25.
  15. ^ Roberts, Lee, "Evercore Partners to Acquire ISI Group", The Wall Street Journal, August 3, 2014
  16. ^ Hurst, Georgina, "Evercore ISI Deal May Be Wave of the Future", Institutional Investor, October 9, 2014.
  17. ^ Gara, Antoine (December 11, 2015). "Dow and DuPont Merge In $130B Deal That Will Create DowDuPont, Before Breaking it Apart". Forbes. Retrieved March 29, 2018.
  18. ^ Picker, Leslie (April 28, 2016). "Abbott to Acquire St. Jude Medical for $25 Billion". New York Times. Retrieved March 29, 2018.
  19. ^ Marino, Jon (August 1, 2016). "Tesla-SolarCity Deal Shuts Out Wall Street's Big Banks". CNBC. Retrieved March 29, 2018.
  20. ^ "Ex-Goldman Sachs Banker John Weinberg Joins Evercore As Chairman". Bloomberg. 2016-11-16.
  21. ^ Hoi-Nga Wong, Stephanie (May 8, 2017). "Coach Agrees to Buy Kate Spade For $2.4 Billion". Bloomberg L.P. Retrieved March 29, 2018.
  22. ^ "Here's Who Helped Amazon Clinch Blockbuster Whole Foods Deal". Fortune. June 16, 2017. Retrieved March 29, 2018.
  23. ^ "Broadcom Willing to go Hostile to Win $105 Billion Qualcomm Deal". Ad Age. 2017-11-06.
  24. ^ "T-Mobile to Buy Sprint for $25.6 Billion in Bet on Networks". Bloomberg. 2018-04-29.
  25. ^ "World's Best Independent Investment Bank 2017". Euromoney. 2017-07-06.
  26. ^ "Evercore". Vault.com.
Altman (surname)

Altman is a surname. Notable people with the surname include:

Benjamin Altman (1840–1913), American retailer, founder of B. Altman & Co. and art collector

David R. Altman (1915–2000), American advertising executive

Dennis Altman (born 1943), Australian academic and pioneering gay rights activist

Doug Altman, English statistician

Edith Altman (born 1931), German-American artist

Edward I. Altman, (born 1941), American professor of finance, creator of Altman Z-score bankruptcy prediction model

Georges Altman (born 1901), French journalist and resistance fighter

Howard Altman (born 1960), American journalist

Ida Altman (born 1950), American historian

Jeff Altman (born 1951), American comedian

John Altman (actor) (born 1952), English actor

John Altman (composer), English soundtrack composer

Joseph Altman, American neuroscientist and biologist who discovered adult neurogenesis in the 1960s

Koby Altman (born 1982/1983), American basketball executive

Mark Altman (disambiguation), several people

Mike Altman (born 1955), American songwriter

Mitch Altman, hacker and inventor

Moyshe Altman (1890–1981), Russian Yiddish writer

Naomi Altman, Canadian-American statistician

Nathan Altman (1889–1970), Russian painter

Phyllis Altman (1919–1999), South African trade unionist and anti-apartheid activist

Roger Altman, founder of Evercore Partners and former U.S. Deputy treasury secretary

Robert Altman (1925–2006), American film director

Robert A. Altman, American lawyer involved in Bank of Credit and Commerce International scandal

Sam Altman, President of Y Combinator

Scott Altman (born 1959), American astronaut

Sean Altman (born 1961), American musician and songwriter

Semen Altman (born 1946), Ukrainian football coach

Sidney Altman (born 1939), Canadian biologist

Stuart Altman (born 1937), American Health-care economist

Tosia Altman (1918–1943), Polish Jewish resistance fighter

Austin Beutner

Austin Michael Beutner (born April 8, 1960) is an American businessman, civic leader and philanthropist, who was selected as the superintendent of the Los Angeles Unified School District (LAUSD) on May 1, 2018 by the Los Angeles Board of Education. LAUSD is the second largest school district in the U.S. The school district spans over 720 square miles with over 640,000 students, 900 schools, 187 public charter schools, 60,000 employees, and a $7.5 billion budget.

He co-founded Evercore Partners and is the former publisher and CEO of the Los Angeles Times and the San Diego Union-Tribune. He was the First Deputy Mayor of Los Angeles in 2011 and ran for Mayor of Los Angeles in 2012.

BOC International

BOC International Holdings Limited, shortly BOCI, is the wholly owned subsidiary of Bank of China, which offers investment banking and securities brokerage services. It was established in 1998 and headquartered in Hong Kong. It has subsidiaries in New York, London, Singapore, Beijing, Shanghai, Guangzhou and Chongqing.

Barclays Investment Bank

Barclays Investment Bank (formerly known as Barclays Capital) is a British multinational investment bank under the auspices of Barclays headquartered in London. It provides advisory, financing and risk management services to large companies, institutions and government clients. It is a primary dealer in U.S. Treasury securities and various European Government bonds.

Barclays Investment Bank has offices in over 29 countries and since the acquisition of Lehman Brothers' main U.S. division in September 2008, employs over 20,000 people, with over 7,000 people working in the IT division. This has significantly increased Barclays' presence in North America.

Daniel Marx

Daniel Marx (born April 16 1953 in Paysandú, Uruguay) is the former Secretary of Finance of Argentina and he is currently Executive Director of Quantum Finanzas, a financial services firm in Argentina and the region which is part of a global network led by Evercore Partners (US, Mexico and UK) and g5Advisors (Brazil).

He is also a consultant and advisor for multiple multilateral institutions such as International Development Bank (IDB) and Inter-American Investment Corporation (IIC), Latin American governments, major private and public corporations and investments funds. He is a founding Board member of the Consejo Directivo del Centro para la Estabilidad Financiera (CEF) and also professor of International Finance at the Universidad de San Andrés. Previously, he was an Executive Director of MBA Banco de Inversiones, Managing Director of Darby Overseas Investments, Independent Director of Templeton Funds, Head Division of Banco Río de la Plata and was in charge of the Treasury and Planning Departments of Banco Tornquist, among others. He has given seminars on Emerging Markets and Corporate and International Finance in graduate programs at Yale University, Duke University’s Fuqua School of Business and others. He also gave courses and participated in seminars at the Universidad Católica Argentina (UCA), ITBA (Instituto Tecnológico Buenos Aires) and EDDE. He participated as a panelist and presenter in numerous panels of topics such as Global Imbalances, topics of the International Financial Architecture, Sovereign and Corporate Debt Workouts and Financing Alternatives. He also has a side interest in combinatorics, including hypergraph complexity measures.

David Offensend

David G. Offensend (born 1955) is the president and chief executive officer of the global nonprofit Education Development Center. He joined EDC after 10 years as the Chief Operating Officer at the New York Public Library (NYPL). Offensend received his bachelor's degree from Princeton University and a Masters of Business Administration from the Harvard Business School. He was replaced at NYPL by Iris Weinshall.He was a co-founder of Evercore Partners and was senior advisor to the private equity business when he left in 2004 to join the New York Public Library, where he stayed until 2014. Prior to that, he worked for the Texas investor Robert M. Bass and Lehman Brothers. He is a trustee of Princeton University.

Evercore Wealth Management

Evercore Wealth Management, LLC is the wealth management division of Evercore, a global independent investment advisory based in New York City. The firm is a registered investment advisor, delivering customized investment management, financial planning, trust and custody services to high net worth individuals, families and related institutions across the United States.

J.P. Morgan Cazenove

JPMorgan Cazenove is a leading investment bank focused on mergers & acquisitions, debt and equity placements and equity research and distribution based in the UK. The firm has approximately 900 employees.

The firm was originally established as a joint venture between JPMorgan and Cazenove founded in 2004 and headquartered in London.In 2010 JPMorgan bought Cazenove out, and it is now a wholly owned subsidiary of JPMorgan.

Jane Gladstone

Jane Gladstone (born 1968/1969) is senior managing director at Evercore Partners, a US investment bank.

Gladstone grew up in New York and Los Angeles, before studying for a degree in art history from the University of Virginia.Gladstone worked for Morgan Stanley until 2005.Gladstone started the financial institutions group at Evercore in 2005, and has advised on about $150 billion of M&A and capital raising.In 2015, she was included for the first time in Bloomberg Markets list of the 50 Most Influential, those with "the ability to move markets or shape ideas and policies." In 2015, she was ranked at #2 in the Institutional Investor Fintech Finance 35.

Jeff Maurer

Jeff Maurer (born June 9, 1947) is the founder and chief executive officer of Evercore Wealth Management, the former CEO of U.S. Trust Corporation and the author of the book Rich in America: Secrets to Creating and Preserving Wealth.

List of University of Chicago Booth School of Business alumni

This list of University of Chicago Booth School of Business alumni consists of notable people who graduated or attended the University of Chicago Booth School of Business (Chicago Booth), formerly known as the University of Chicago Graduate School of Business. The business school was renamed in 2008 in honor of the $300 million gift made by David G. Booth. Chicago Booth has over 49,000 alumni.

Michael Forsyth, Baron Forsyth of Drumlean

Michael Bruce Forsyth, Baron Forsyth of Drumlean, Kt PC (born 16 October 1954) is a British financier and Conservative politician, who was the Member of Parliament (MP) for Stirling from 1983 to 1997 and served in the cabinet of John Major as Secretary of State for Scotland from 1995 to 1997.

He is Chairman of Secure Trust Bank, and a Director of J&J Denholm and of Denholm Logistics Ltd. He was a director and Chairman of Hyperion Insurance Group until its merger with RKH Group in 2015. A former Deputy Chairman of JPMorgan UK and Evercore Partners International, he was knighted in 1997 and appointed to the House of Lords in 1999. He is a member of the Privy Council and served on the Development Boards of the Royal Society and the National Portrait Gallery. He is also a past President of the Royal Highland and Agricultural Society of Scotland.

He was appointed for a second term to the House of Lords' Economic Affairs Committee in 2015, and as its chairman following the election in 2017. He is President of the Steamboat Association of Great Britain.

Natixis

Natixis is a French corporate and investment bank created in November 2006 from the merger of the asset management and investment banking operations of Natexis Banque Populaire (Banque Populaire group) and IXIS (Groupe Caisse d'Epargne).

Groupe BPCE owns more than 70% of Natixis while the remaining float is listed on the Paris Stock Exchange.

Natixis provide financial data for the 'Markets' section on the news channel, Euronews. On October 26, 2010, Natixis Investment Managers (NIM) has acquired a majority stake in asset management start-up ‘Ossiam’.

Roger Altman

Roger Charles Altman (born April 2, 1946) is an American investment banker, the founder and senior chairman of Evercore, and a former Democratic politician. He served as

Assistant Secretary of the Treasury in the Carter administration from January 1977 until January 1981 and as Deputy Secretary of the Treasury in the Clinton administration from January 1993 until he resigned in August 1994, amid the Whitewater controversy.

William Blair

William Blair may refer to:

Willie Blair (born 1965), baseball player

William H. Blair (1821–1888), American Civil War Union Brevet Brigadier General

William Blair (judge) (born 1950), British judge and QC; elder brother of U.K. prime minister Tony Blair

William John Blair (1875–1943), Canadian engineer and politician

William M. Blair (1884–1982), investment banker from Chicago

William Blair (Nova Scotia politician) (1836–?), farmer and political figure in Nova Scotia, Canada

William McCormick Blair, Jr. (1916–2015), U.S. ambassador; son of William M. Blair

William W. Blair (1828–1896), leader in the Reorganized Church of Jesus Christ of Latter Day Saints

William Gourlay Blair (1890–1957), politician and physician

William Newsham Blair (1841–1891), New Zealand engineer and surveyor

William R. Blair (1874–1962), American scientist and U.S. Army officer

William Blair Tennent (1898–1976), New Zealand politician and cabinet minister

William Blair (Ayrshire MP) (died 1841), Member of Parliament for Ayrshire 1829–1832

William Blair (surgeon) (1766–1822), British surgeon and writer on ciphers.

William Blair (Australian footballer) (1912–1960), Australian footballer and umpire.

William Blair (Scottish footballer) (born 1872), Scottish international footballer

William Blair (Wisconsin), American politician

This page is based on a Wikipedia article written by authors (here).
Text is available under the CC BY-SA 3.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.