Evercore Inc., formerly known as Evercore Partners, is a global independent investment banking advisory firm founded in 1995 by Roger Altman, David Offensend, and Austin Beutner. In the 2018 Vault Banking 50, Evercore was ranked as the #2 investment bank in the world, behind Goldman Sachs.
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. Since 1995, the firm has advised on more than $3 trillion of merger, acquisition, recapitalization, and restructuring transactions.
|Evercore Partners Inc.|
|Headquarters||55 East 52nd Street|
New York City, United States
John S. Weinberg
(President and CEO)
|Revenue||US$1.4 billion (2016)|
|$107 million (2016)|
Number of employees
Evercore’s Investment Banking segment includes the global advisory business through which Evercore delivers strategic corporate advisory, capital markets advisory and institutional equities services.
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.
Evercore’s strategic shareholder advisory strategies help clients prepare for, avoid, and defend against activist investors and hostile takeover attempts.
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.
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’s U.S.–based Evercore Wealth Management serves high-net-worth individuals, foundations and endowments.
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.
In August 2011, the firm completed its acquisition of Lexicon Partners, an independent UK-based investment banking advisory firm.
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.
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.
In 2013 Evercore advised Dell in the largest Technology deal of the year.
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 from 2010-2013. He resigned from the company earlier in 2014.
In August 2014, Evercore announced the acquisition of International Strategy & Investment ("ISI") Group for $440 million. 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. 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; 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. 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.
Also in 2016, John Weinberg joined Evercore as Chairman of the Board and Executive Chairman.
In 2017, Evercore advised Coach, Inc. on its $2 billion acquisition of Kate Spade New York; Whole Foods Market on its $14 billion sale to Amazon; 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.
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.
Euromoney named Evercore World's Best Independent Investment Bank in 2017.
Vault Banking ranked Evercore in its Top 50 #2 Overall.
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 fighterAustin 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