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]
Formerly | Evercore Partners Inc. |
---|---|
Company type | Public |
Industry | Investment banking |
Founded | 1995 |
Founder | Roger Altman |
Headquarters | New York City, United States |
Key people |
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Products | |
Revenue | US$2.44 billion (2023)[1] |
US$359 million (2023)[1] | |
US$255 million (2023)[1] | |
Total assets | US$3.70 billion (2023)[1] |
Total equity | US$1.58 billion (2023)[1] |
Number of employees | 2,195 (2023)[1] |
Website | evercore |
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]
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]
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