Evercore Inc.
FormerlyEvercore Partners Inc.
Company typePublic
IndustryInvestment banking
Founded1995; 29 years ago (1995)
FounderRoger Altman
HeadquartersNew York City, United States
Key people
  • Roger Altman (Senior Chairman)
  • John S. Weinberg (Chairman and CEO)
  • Ralph Schlosstein (Chairman Emeritus)
Products
RevenueDecrease US$2.44 billion (2023)[1]
Decrease US$359 million (2023)[1]
Decrease US$255 million (2023)[1]
AUMIncrease US$12.3 billion (2023)[1]
Total assetsIncrease US$3.70 billion (2023)[1]
Total equityIncrease US$1.58 billion (2023)[1]
Number of employees
2,195 (2023)[1]
Websiteevercore.com

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] The firm has advised on over $4.7 trillion of merger, acquisition, and restructuring transactions since its founding.[4] Evercore is widely considered one of the most prestigious and elite investment banking advisory firms.[5]

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 through Evercore ISI. Evercore's Investment Management business comprises wealth management, institutional asset management and private equity investing.

Evercore is headquartered in New York City and serves clients from 28 offices in 11 countries across North America, Europe, South America and Asia, with approximately 1,950 employees globally.[6]

History

Founding and establishment

Source:[7]

Evercore Partners was founded by Roger C. Altman in 1995, on the basis that clients would be best served by an investment banking firm free of the conflicts of interest of large financial institutions like Goldman Sachs and Merrill Lynch.

Roger Altman began his career in investment banking at Lehman Brothers, serving as general partner until 1977. After a role as assistant secretary of the U.S. Treasury until 1981, Altman returned to Lehman as co-head of global investment banking.

In 1987, Altman joined The Blackstone Group as its head of advisory business before returning to the U.S. Treasury to serve as deputy secretary in 1993.

In 1995, Altman founded Evercore Partners.

Today, Evercore operates as the world's leading independent investment bank, where Altman continues to serve as Senior Chairman in the business.[8]

Recent activities


See also

References

  1. ^ a b c d e f g "Form 10-K Annual Report for the Fiscal Year Ended December 31, 2023". SEC.gov. U.S. Securities and Exchange Commission. 22 February 2024.
  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. ^ "Who We Are". Evercore. Retrieved 2022-02-12.
  5. ^ "Evercore has torched competitors" (PDF).
  6. ^ Boyd, Michael (2017-08-08). "Evercore: Underfollowed Firm Has Great Potential". Seeking Alpha. Retrieved 2017-09-25.
  7. ^ "Roger C. Altman". Evercore. Retrieved 2022-02-12.
  8. ^ "Form 10-K Annual Report for the Fiscal Year Ended December 31, 2021 Evercore Inc". SEC.gov. U.S. Securities and Exchange Commission. 24 February 2022.
  9. ^ "The Pharmaceuticals Banker That Helped Evercore Land a $4 Billion Mandate". The Wall Street Journal. 2009-07-31.
  10. ^ a b c Evercore Partners 2011 Financial News
  11. ^ "Evercore Kraft Spin Off". Financial News. 2011-08-05.
  12. ^ "BP's Partner in TNK-BP Looks to Sell Stake". Financial Times. 2012-10-08. Archived from the original on 2022-12-11.
  13. ^ "Legions of Advisers for Dell EMC Deal". The New York Times. 2015-10-13.
  14. ^ Pital, Sisal S., "Ex-Evercore director guilty of insider trading", MarketWatch, April 3, 2014. Retrieved 2014-04-03.
  15. ^ 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.
  16. ^ "Evercore buys ISI brokerage for up to $440m". Financial Times. Archived from the original on 2022-12-11. Retrieved 2017-09-25.
  17. ^ Roberts, Lee (2014-08-03). "Evercore Partners to Acquire ISI Group". The Wall Street Journal. ISSN 0099-9660. Retrieved 2017-09-25.
  18. ^ Hurst, Georgina, "Evercore ISI Deal May Be Wave of the Future", Institutional Investor, October 9, 2014.
  19. ^ 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.
  20. ^ Picker, Leslie (April 28, 2016). "Abbott to Acquire St. Jude Medical for $25 Billion". The New York Times. Retrieved March 29, 2018.
  21. ^ Marino, Jon (August 1, 2016). "Tesla-SolarCity Deal Shuts Out Wall Street's Big Banks". CNBC. Retrieved March 29, 2018.
  22. ^ "Ex-Goldman Sachs Banker John Weinberg Joins Evercore As Chairman". Bloomberg. 2016-11-16.
  23. ^ Hoi-Nga Wong, Stephanie (May 8, 2017). "Coach Agrees to Buy Kate Spade For $2.4 Billion". Bloomberg L.P. Retrieved March 29, 2018.
  24. ^ "Here's Who Helped Amazon Clinch Blockbuster Whole Foods Deal". Fortune. June 16, 2017. Retrieved March 29, 2018.
  25. ^ "Broadcom Willing to go Hostile to Win $105 Billion Qualcomm Deal". Ad Age. 2017-11-06.
  26. ^ "T-Mobile to buy Sprint for $26.5 Billion". Bloomberg. 29 April 2018. Retrieved 2022-02-09.
  27. ^ "It's a Wrap! Takeda-Shire Merger Is a Done Deal, Making Takeda the Largest Mass. Biotech Employer". BioSpace. Retrieved 2022-02-09.
  28. ^ Browne, Spriha Srivastava,Alex Sherman,Ryan (2018-09-22). "Comcast outbids Fox in a $39 billion takeover of Sky". CNBC. Retrieved 2022-02-09.((cite web)): CS1 maint: multiple names: authors list (link)
  29. ^ "Viacom and CBS reunite in $12 billion deal, but challenges abound". Los Angeles Times. 2019-12-04. Retrieved 2022-02-09.
  30. ^ "Occidental Completes Acquisition of Anadarko". www.businesswire.com (Press release). 2019-08-08. Retrieved 2022-02-09.
  31. ^ "BMS Completes $74 Billion Celgene Takeover". BioSpace. Retrieved 2022-02-09.
  32. ^ "AstraZeneca closes mega $39B Alexion buyout despite antitrust fears, making a splash in rare diseases". FiercePharma. Retrieved 2022-02-09.

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