M&A Advisor of the Week
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M&A ADVISOR OF THE WEEK Evercore Inc., is a global independent investment banking advisory firm founded in 1995 by Roger Altman, David Offensend, and Austin Beutner. Its 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. IDENTITY CARD Founding Number of 1995 + 1800 Date Employees (FY2019) ➢ Executive Office: New York City, United States Advisory Locations + €2,009 Mn ➢ Other Offices: Over 12 Revenues offices around the world (FY2019) Core ➢ Strategic Corporate Advisory ➢ Capital Market Advisory Total Assets + €2.6 Bn Capabilities ➢ Institutional Equities (FY2019) © Financial Networking Group. All rights reserved. External sources: Rothschild & Co - Press release, Market Screener 1 TOP MANAGEMENT Roger C. Altman • Founder and Senior Chairman • He formed Evercore in 1995 • Former general partner of Lehman Brothers in 1974, former Deputy Secretary of the U.S. Treasury, former Vice Chairman of The Blackstone Group in 1987 • Education: A.B. from Georgetown University and an M.B.A. from the University of Chicago Ralph Schlosstein John S. Weinberg • President and CEO • Chairman of the Board and Executive Chairman • Former CEO of HighView Investment Group • Former Vice Chairman of Goldman Sachs from • Former President of BlackRock for 20 years 2006 to 2015 and Co-Head of Global Investment • Education: BA degree in economic from Denison Banking from 2002 until 2015 University, Masters of Public Policy from • Board member of Ford Motor Company University of Pittsburgh • Education: B.A. from Princeton University and M.B.A. from Harvard Business School © Financial Networking Group. All rights reserved. External sources: Rothschild & Co - Press release, Market Screener 2 HISTORY • In 1995, Evercore Inc., formerly known as Evercore Partners, was founded by Roger Altman, David Offensend, and Austin Beutner • In August 2011, the firm completed its acquisition of Lexicon Partners, an independent UK-based investment banking advisory firm • 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 August 2014, Evercore announced the acquisition of International Strategy & Investment ("ISI") Group for $440 million • in 2016, John Weinberg joined Evercore as Chairman of the Board and Executive Chairman NEWS • May 14, 2020, John Scuorzo Joins Evercore as Senior Managing Director in its Capital Markets Advisory Practice • April 27, 2020, Bodo Uebber Joins Evercore as Chairman of Evercore Germany • April 22, 2020, Evercore Reports First Quarter 2020 Results; Quarterly Dividend of $0.58 Per Share: • Net Revenues on both a U.S. GAAP and an Adjusted basis increased versus the prior year period • Sustained #1 league table ranking among independents and #4 position in the U.S. and #6 position globally among all firms over the last twelve months • Advised on two of the four largest global M&A transactions and four of the seven largest U.S. M&A transactions in the first quarter • Evercore ISI research and trading groups generated high levels of engagement with clients, driving a 32% increase in commission revenues versus the prior year period • Executed previously announced realignment strategy for 2020 • Implementing cost reduction initiatives and downsizing or deferring capital investments © Financial Networking Group. All rights reserved. External sources: Rothschild & Co - Press release, Market Screener 3 RECENT TRANSACTIONS ADDITIONAL INFORMATION • Evercore provides boards and management teams with independent judgment and deep expertise as they navigate their most important transactions and strategic decisions • The firm advises boards and management teams on how to successfully develop relationships with and communicate their strategies and M&A transactions to their shareholders © Financial Networking Group. All rights reserved. External sources: Rothschild & Co - Press release, Market Screener 4 QUOTE – EVERCORE “I am continually amazed by my colleagues at Evercore; not only by the exceptional value they deliver to our clients — we have always demanded that of ourselves — but especially by the care they have for each other and for the communities in which they live and work. Their generosity with their time and talents is simply unmatched by any other organization of people that I have worked with in my long career.” Roger C. Altman Founder and Senior Chairman ADDITIONAL RESOURCES • https://www.evercore.com/ • https://en.wikipedia.org/wiki/Evercore DISCLAIMER This report has been prepared by Financial Networking Group for information purposes only. No information published in this report constitutes a solicitation or offer, or recommendation, to buy or sell securities of any other financial instruments. Although we have used sources believed to be accurate, we do not guarantee either the accuracy or completeness of this report. No reliance should be placed on the information in this document to transact in financial products and no liability is accepted for any loss arising from reliance on it. Any opinions expressed are subject to change without notice. Investors are expected to make their own investment decisions without relying on this information. You should obtain specific advice from qualified experts before making any investment decision. © Financial Networking Group. All rights reserved. External sources: Rothschild & Co - Press release, Market Screener 5.