Evercore

Evercore Inc., formerly known as Evercore Partners, is a global independent investment banking and financial advisory firm headquartered in New York City. It was established in 1995 by Roger Altman, David Offensend, and Austin Beutner around the idea that corporate and institutional clients could benefit from advice delivered by a firm without the lending, underwriting, proprietary trading, and other potential conflicts associated with large universal banks. Its business is centered on strategic advice rather than balance-sheet-intensive banking. The firm advises companies, boards of directors, special committees, governments, shareholders, and financial sponsors on mergers and acquisitions, divestitures, takeover defense, restructurings, liability management, financings, public offerings, private placements, and other strategic transactions. Its advisory work has covered sectors including technology, healthcare, telecommunications, consumer and retail, energy, industrials, financial services, and media. According to the company and reference material summarized in the Wikipedia article, Evercore has advised on more than $4.7 trillion of merger, acquisition, and restructuring transactions since its founding. Evercore expanded beyond traditional corporate advisory through the acquisition of Lexicon Partners in 2011, which strengthened its investment banking presence in the United Kingdom and Europe. It also established a cross-border strategic alliance with Kotak Investment Banking in 2011 to support transactions involving India, the United States, the United Kingdom, and Mexico. In 2014, Evercore acquired International Strategy & Investment Group, commonly known as ISI, for $440 million. The combination created Evercore ISI, a platform providing macroeconomic and fundamental equity research, institutional sales, and trading execution to institutional investors. In addition to investment banking and institutional equities, Evercore has operated businesses or capabilities in wealth management, institutional asset management, and private equity investing. These activities broaden its relationship base while retaining the firm's positioning as an independent adviser. The firm has also taken minority positions and formed strategic relationships in selected investment-management businesses, including its 2011 investment in ABS Investment Management. Evercore's public profile has been built through participation in high-value and complex transactions. Its assignments have included advising Wyeth on its 2009 sale, Genzyme on its 2010 transaction, Kraft on a major consumer and retail transaction, and TNK-BP on a significant energy transaction. Later mandates included advice to AstraZeneca in its defense against Pfizer, DuPont in its merger with Dow Chemical, Whole Foods Market in its sale to Amazon, Qualcomm in its defense against Broadcom, T-Mobile's independent board committee in the Sprint transaction, Takeda Pharmaceutical in its acquisition of Shire, and Bristol-Myers Squibb in its acquisition of Celgene. Evercore is a publicly traded company listed under the ticker EVR. Reference material describes a global network of 28 offices in 11 countries and approximately 1,950 employees, although office counts and employee numbers can change over time. In July 2025, Evercore agreed to acquire the United Kingdom advisory firm Robey Warshaw in a cash-and-share transaction reported as valuing the business at £146 million. The transaction further connected Evercore with a prominent independent European mergers-and-acquisitions adviser and represented a continuation of its international expansion strategy.

Evercore was founded in 1995 as Evercore Partners by Roger Altman, David Offensend, and Austin Beutner. Altman had previously worked in investment banking at Lehman Brothers, served in the United States Treasury Department, and led advisory activities at Blackstone. The firm's founding premise was that clients would receive better strategic advice from an independent adviser that was not tied to the lending and underwriting priorities of a large financial conglomerate. During its early development, Evercore concentrated on high-level mergers and acquisitions and other strategic advisory assignments. Its business model emphasized senior banker involvement, boardroom advice, and transactions in which independence and the management of conflicts were particularly important. Over time, the firm expanded into restructuring, financings, public offerings, private placements, and related capital markets services. International growth became an important part of the firm's development. In 2011, Evercore completed the acquisition of Lexicon Partners, an independent United Kingdom investment banking advisory firm. That same year it announced an exclusive strategic alliance with Kotak Investment Banking for cross-border M&A advisory involving India, the United States, the United Kingdom, and Mexico. Evercore also agreed to purchase a 5% non-controlling stake in ABS Investment Management, extending its relationships into institutional investment management. The acquisition of International Strategy & Investment Group in 2014 was a major diversification step. Announced at a purchase price of $440 million and completed later that year, the transaction created Evercore ISI. This business added macroeconomic and fundamental research, institutional sales, and trading execution to Evercore's advisory franchise. The combination also strengthened the firm's relationships with asset managers and other institutional investors. Evercore's transaction record subsequently included advice on some of the largest and most contested corporate combinations of the 2010s. In 2016, the firm worked on transactions involving DuPont and Dow Chemical, Medivation and Pfizer, Abbott Laboratories and St. Jude Medical, Qualcomm and NXP, CenturyLink and Level 3, and Tesla and SolarCity. In 2017, it advised Whole Foods Market on its sale to Amazon, CVS on its acquisition of Aetna, Coach on its acquisition of Kate Spade, and Qualcomm in its successful defense against Broadcom. In 2018, assignments included T-Mobile's acquisition of Sprint, Takeda's acquisition of Shire, and Comcast's acquisition of Sky. In 2019, Evercore advised on the CBS-Viacom combination, Anadarko's sale to Occidental Petroleum, and Bristol-Myers Squibb's acquisition of Celgene. It later advised AstraZeneca on its acquisition of Alexion and Dell on a major technology transaction. The firm's history also includes a compliance-related criminal case involving a former employee. In 2014, former Evercore banker Perkins Hixon pleaded guilty to insider trading in securities associated with Evercore and two other companies. Hixon had resigned from Evercore earlier in the year. The case concerned an individual former banker rather than an allegation that Evercore itself had engaged in the trading. Evercore is publicly traded as Evercore Inc. under the ticker EVR. Reference material describes the company as operating 28 offices in 11 countries across North America, Europe, South America, and Asia, with approximately 1,950 employees. Its activities span investment banking advisory, institutional equities, wealth management, institutional asset management, and private equity investing. In July 2025, it agreed to acquire Robey Warshaw, a prominent United Kingdom advisory firm, in a cash-and-share transaction reported at £146 million, reinforcing Evercore's international M&A advisory capabilities.

• 2025

  Robey Warshaw acquisition agreed

  [1]Evercoreen.wikipedia.org

  Evercore agrees to acquire Robey Warshaw in a cash-and-share transaction reported at £146 million.

• 2016

  John S. Weinberg joins Evercore

  [1]Evercoreen.wikipedia.org

  John S. Weinberg joins the firm as chairman of the board and executive chairman.

• 2014

  ISI acquisition creates Evercore ISI

  [1]Evercoreen.wikipedia.org

  Evercore acquires International Strategy & Investment Group, adding macro and fundamental research, institutional sales, and trading execution.

• 2011

  Lexicon Partners acquisition completed

  [1]Evercoreen.wikipedia.org

  Evercore completes its acquisition of the United Kingdom advisory firm Lexicon Partners.

• 2011

  Kotak cross-border alliance announced

  [1]Evercoreen.wikipedia.org

  Evercore and Kotak Investment Banking establish an exclusive strategic alliance for selected cross-border M&A assignments.

• 1995

  Evercore Partners is founded

  [1]Evercoreen.wikipedia.org

  Roger Altman, David Offensend, and Austin Beutner establish the independent advisory firm that becomes Evercore.

Premium independent investment bank emphasizing conflict-conscious advice, complex strategic transactions, board-level counsel, and research and execution services for institutional investors.

• Investment banking advisory · 1995

  Mergers and acquisitions advisory

  Evercore advises buyers, sellers, boards, special committees, shareholders, and financial sponsors on acquisitions, mergers, divestitures, joint ventures, takeover defenses, and other strategic combinations. The firm's independent model is particularly suited to complex or contested transactions requiring board-level analysis, valuation advice, negotiation support, and management of conflicts.

• Financial restructuring

  Restructuring advisory

  The restructuring business advises companies, creditors, and other stakeholders on financial distress, recapitalizations, liability management, reorganizations, and strategic alternatives. Engagements can include analysis of capital structures, negotiations with creditors, formal restructuring processes, and advice on transactions intended to stabilize or reposition a business.

• Capital markets

  Capital markets advisory

  Evercore provides advice on financings, public offerings, private placements, and other capital-raising or strategic-finance transactions. Its role is advisory rather than that of a conventional deposit-taking bank, allowing the firm to help clients evaluate funding alternatives, timing, structure, investor considerations, and execution strategy.

• Institutional equities · 2014

  Evercore ISI

  Evercore ISI was created through the acquisition of International Strategy & Investment Group. It provides macroeconomic and fundamental equity research, institutional sales coverage, and trading execution. The platform extends Evercore's relationships from corporate issuers and boards to institutional investors and asset managers.

• Investment management

  Wealth and asset management

  Evercore has offered wealth management and institutional asset management activities alongside its advisory operations. These services support private clients and institutions with investment-related advice and portfolio capabilities, complementing the firm's corporate and capital markets businesses.

• 2014

  Former banker insider-trading case

  Perkins Hixon, a former Evercore banker, pleaded guilty to insider trading in securities of Evercore, Westway Group, and Titanium Metals relating to trading between 2010 and 2013. He had resigned from Evercore before the plea.

  Source

Read more

• 2025

  Acquire Robey WarshawM&A

  Background

  Evercore pursued additional scale and capability in United Kingdom and European mergers-and-acquisitions advice.

  Action taken

  Evercore agreed to acquire Robey Warshaw in a cash-and-share transaction.

  Aftermath

  The reported transaction value was £146 million and the deal was expected to strengthen Evercore's United Kingdom advisory presence.

  Reported transaction value. £146 million (July 2025)

  Source

• 2014

  Acquire International Strategy & Investment GroupM&A

  Background

  Evercore aimed to add institutional research, sales, and trading capabilities to its advisory franchise.

  Action taken

  Evercore announced and completed the acquisition of ISI Group, creating Evercore ISI.

  Aftermath

  Evercore expanded into institutional equities and broadened its investor-facing business.

  Purchase price. $440 million (2014 announcement)

  Source

• 2011

  Acquire Lexicon PartnersM&A

  Background

  Evercore sought to expand its independent advisory presence in the United Kingdom and Europe.

  Action taken

  The firm completed the acquisition of Lexicon Partners.

  Aftermath

  The transaction strengthened Evercore's international investment banking advisory platform.

  Source

1. 1Evercoreen.wikipedia.org
2. 2Evercore official websiteevercore.com