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 independent investment
banking advisory firm, employing more 1,600 people and serving
clients around the world from its numerous offices in North
America, Europe, South America, and Asia.
The firm's investment banking business advises its clients on
mergers, acquisitions, divestitures, restructurings, financings,
public offerings, private placements, and other strategic
transactions. It also provides institutional investors with equity
research and sales and trading execution that is free of the
conflicts created by proprietary activities.
To date, the firm has advised on more than $2 trillion of
merger, acquisition, recapitalization, and restructuring
transactions. Recent M&A assignments include advising Whole
Foods on its $14 billion pending sale to Amazon; DuPont on its $68
billion merger of equals with The Dow Chemical Company; Tesla on
its $2 billion acquisition of SolarCity; Abbott Laboratories on its
$31 billion acquisition of St. Jude Medical; and Coach on its $2
billion acquisition of Kate Spade New York. The firm also offers
investment management services to high net worth and institutional
investors.
Evercore is led by Roger Altman, its founder and senior
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.