Evercore is headquartered in New York City and has 28 offices in 11 countries across North America, Europe, South America and Asia, with approximately 1,950 employees.[5]
Altman began his career in investment banking atLehman Brothers, serving as general partner until 1977. After a role as assistant secretary of theU.S. Treasury until 1981, Altman returned to Lehman as co-head of global investment banking.[citation needed]
In 2009, Evercore advisedWyeth in the largest deal of the year. In 2010 the firm advisedGenzyme in the largest healthcare deal of the year.[7]
In August 2011, the firm completed its acquisition of Lexicon Partners, an independent UK-based investment banking advisory firm.[8]
In October 2011, Evercore and Kotak Mahindra Capital Company Limited ("Kotak Investment Banking") (a subsidiary ofKotak Mahindra Bank Limited), announced that the two firms had entered into an exclusivestrategic alliance for cross-border M&A advisory services between India and the United States, the United Kingdom, and Mexico.[8]
In November 2011, the firm announced that it had agreed to purchase a 5% non-controlling interest in ABS Investment Management, an institutionally focused equity long/short hedge fund of funds manager.[8]
In 2012, Evercore advisedKraft in the largest Consumer/Retail deal of the year, as well as TNK-BP in the largest Energy deal of the year.[9][10]
In 2023, Evercore advisedDell in the largest technology deal of the year.[11]
In April 2014, former Evercore banker Perkins Hixon pleaded guilty to insider trading in the securities of Evercore, Westway Group Inc. andTitanium Metals Corporation[12] from 2010 to 2013. He resigned from the company earlier in 2014.[13]
In August 2014, Evercore announced the acquisition of International Strategy & Investment ("ISI") Group for $440 million.[14][15] 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 ofInstitutional Investor #1 positions, afterJ.P. Morgan, and also ranked No. 5 in total II positions.[16] The same year, Evercore advisedAstraZeneca in its defense againstPfizer's hostile takeover.
Other M&A assignments include advisingDuPont on its $68 billion merger of equals with TheDow Chemical Company to createDowDuPont;[17] Medivation on its sale to Pfizer Inc., andAbbott Laboratories on its $31 billion acquisition ofSt. Jude Medical in the two largest Healthcare transactions of 2016.[18] In addition, the company advisedQualcomm on its pending acquisition ofNXP Semiconductors NV in the largest Technology transaction of that year. Evercore also advisedCenturylink on its pending acquisition of Level 3 Communications Inc. in the largest Telecom transaction of 2016, andTesla, Inc. on its $2 billion acquisition ofSolarCity.[19]
Also in 2016, John S. Weinberg joined Evercore fromGoldman Sachs as Chairman of the Board and Executive Chairman.[20]
In 2017, Evercore advisedCoach, Inc. on its $2 billion acquisition ofKate Spade New York;[21]Whole Foods Market on its $14 billion sale toAmazon;[22]CVS on its acquisition ofAetna in the largest Healthcare deal of the year; andQualcomm on its successful defense against Broadcom in the largest contested Technology deal ever.[23]
US$2.44 billion (2023)[1]
US$12.3 billion (2023)[1]
