Press release from Business Wire
Evercore Partners Completes Acquisition of Interest in G5 advisors
Monday, October 04, 2010
Evercore Partners Completes Acquisition of Interest in G5 advisors08:05 EDT Monday, October 04, 2010 NEW YORK & SÃO PAULO (Business Wire) -- Evercore Partners Inc. (NYSE: EVR) announced today that it has completed the acquisition of a 50% interest in G5 advisors, a São Paulo-based independent investment banking boutique and investment management firm. The partners of G5 advisors continue to own 50% of the company. Evercore will have an opportunity to acquire the remaining 50% beginning in 2014. G5 advisors was founded in 2007 by Mr. Corrado Varoli, a former Partner, Managing Director and Head of Latin America for Goldman Sachs, together with Marcelo Lajchter and Renato Klarnet. The company is a leading independent advisor in mergers & acquisitions (M&A), restructurings, wealth management and asset management, with offices in São Paulo and Rio de Janeiro. G5 advisors and Evercore Partners acted as their own respective financial advisors for the transaction. About Evercore Partners Evercore Partners is a leading independent investment banking advisory firm. Evercore's Investment Banking business advises its clients on mergers, acquisitions, divestitures, restructurings, financings, public offerings, private placements and other strategic transactions and also provides institutional investors with high quality research, sales and trading execution that is free of the conflicts created by proprietary activities; Evercore's investment management business comprises wealth management, institutional asset management and private equity investing. Evercore serves a diverse set of clients around the world from its offices in New York, Boston, Houston, Los Angeles, San Francisco, Washington D.C., London, Mexico City and Monterrey, Mexico. More information about Evercore can be found on the Company's Web site at www.evercore.com. About G5 advisors G5 advisors, established in 2007, is a leading independent investment banking boutique focused on M&A, wealth management, asset management and private equity. G5 advisors is headquartered in São Paulo and also has an office in Rio de Janeiro. More information about G5 advisors can be found on the Company's Web site at www.g5advisors.com.