Evercore

THE SCOOP

One of the top independent investment banks

Founded in 1995 by Blackstone and U.S. Treasury veteran Roger Altman, independent investment banking advisory firm Evercore went public in August 2006 with an $83 million initial public offering. Since then, the firm has grown into an elite investment bank, employing 1,000 people and serving clients around the world from its 20 offices in North America, Europe, South America, and Asia. It also has alliances in Japan, China, India, South Korea and Argentina. Today, the firm's investment banking business advises clients on mergers, acquisitions, divestitures, restructurings, financings, public offerings, private placements, and other strategic transactions; it also provides institutional investors with equity research, sales, and trading execution. To date, the firm has advised on more than $1.4 trillion worth of announced investment banking transactions. Recent M&A assignments include Shire's $55 billion sale to AbbVie, tw telecom's $7.3 billion sale to Level 3 Communications, and Sun Pharmaceutical's $4 billion acquisition of Ranbaxy Laboratories. Meanwhile, Evercore's investment management business, with more than $14 billion in assets under management, comprises wealth management, institutional asset management, and private equity investing. Evercore is led by Roger Altman, its executive chairman, and Ralph Schlosstein, its president and CEO, who for almost 20 years served as the president of BlackRock, the largest asset management firm in the world, which he co-founded in 1988.