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.

1. 2025Robey Warshaw acquisition agreed

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

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2. 2016John S. Weinberg joins Evercore

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

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3. 2014ISI acquisition creates Evercore ISI

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

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4. 2011Lexicon Partners acquisition completed

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

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5. 2011Kotak cross-border alliance announced

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

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6. 1995Evercore Partners is founded

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

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

• Mergers and acquisitions advisoryInvestment banking advisory1995

  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.

• Restructuring advisoryFinancial restructuring

  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 advisoryCapital markets

  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.

• Evercore ISIInstitutional equities2014

  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.

• Wealth and asset managementInvestment 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.

• 2025Acquire Robey WarshawM&A

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

  What changed. 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)

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• 2014Acquire International Strategy & Investment GroupM&A

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

  What changed. 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)

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• 2011Acquire Lexicon PartnersM&A

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

  What changed. The firm completed the acquisition of Lexicon Partners.

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

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• 2014Former banker insider-trading caseControversy

  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.

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• 2025Evercore agrees to acquire Robey Warshaw

  Evercore agreed to acquire United Kingdom advisory firm Robey Warshaw through a cash-and-share transaction reported as valuing the firm at £146 million.

  M&A
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• 2023Evercore advises Dell on a major technology transaction

  Evercore advised Dell in a technology transaction described in the reference material as the largest technology deal of 2023.

  Other
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• 2020Evercore advises AstraZeneca on Alexion acquisition

  Evercore advised AstraZeneca on its acquisition of Alexion Pharmaceuticals, described in the reference material as the largest healthcare M&A transaction of the year.

  Other
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• 2019Evercore advises on CBS-Viacom, Anadarko, and Bristol-Myers Squibb transactions

  Evercore advised National Amusements on the CBS-Viacom combination, Anadarko on its sale to Occidental Petroleum, and Bristol-Myers Squibb on its acquisition of Celgene.

  Other
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• 2018Evercore advises on T-Mobile, Takeda, and Comcast transactions

  The firm advised T-Mobile's independent board committee on its Sprint acquisition, Takeda on its acquisition of Shire, and Comcast on its acquisition of Sky.

  Other
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• 2017Evercore advises Whole Foods, CVS, Coach, and Qualcomm

  Evercore advised on Whole Foods' sale to Amazon, CVS's acquisition of Aetna, Coach's acquisition of Kate Spade, and Qualcomm's defense against Broadcom.

  Other
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• 2016John S. Weinberg joins Evercore leadership

  John S. Weinberg joined Evercore from Goldman Sachs as chairman of the board and executive chairman.

  Leadership change
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• 2016Evercore advises on major 2016 transactions

  Assignments included DuPont's combination with Dow Chemical, Medivation's sale to Pfizer, Abbott Laboratories' acquisition of St. Jude Medical, Qualcomm's proposed acquisition of NXP, CenturyLink's acquisition of Level 3, and Tesla's acquisition of SolarCity.

  Other
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• 2014Evercore acquires ISI Group

  Evercore announced the acquisition of International Strategy & Investment Group, creating the Evercore ISI institutional equities platform.

  M&A
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• 2011Evercore completes Lexicon Partners acquisition

  The acquisition expanded Evercore's independent advisory capabilities in the United Kingdom and Europe.

  M&A
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• 2011Evercore and Kotak announce cross-border advisory alliance

  The firms formed an exclusive strategic alliance for selected cross-border mergers and acquisitions involving India, the United States, the United Kingdom, and Mexico.

  M&A
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• 2011Evercore takes minority interest in ABS Investment Management

  Evercore announced an agreement to purchase a 5% non-controlling interest in the institutional equity long/short hedge-fund-of-funds manager.

  M&A
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• 2010Evercore advises Genzyme on a major healthcare transaction

  The firm advised Genzyme in a healthcare transaction described as the largest of its sector and year in the cited reference.

  Other
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• 2009Evercore advises Wyeth on the year's largest deal

  Evercore advised Wyeth in a transaction described in reference material as the largest deal of 2009.

  Other
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• 1995Evercore founded as an independent investment banking advisory firm

  Roger Altman, David Offensend, and Austin Beutner established Evercore Partners to provide independent strategic and investment banking advice.

  Other
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1. Evercore
2. Evercore official website