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Press release from Business Wire

Lloyd A. Sprung to Join Evercore Partners as a Senior Managing Director

Tuesday, April 26, 2011

Lloyd A. Sprung to Join Evercore Partners as a Senior Managing Director16:15 EDT Tuesday, April 26, 2011 NEW YORK (Business Wire) -- Evercore Partners Inc. (NYSE: EVR) announced today that Lloyd A. Sprung has agreed to join the firm's Investment Banking business as a Senior Managing Director. Mr. Sprung, who will be based in New York, will focus on advising clients on debt capital markets and corporate restructuring transactions. Mr. Sprung was most recently a Managing Director at Miller Buckfire & Co. where he was responsible for leading restructuring, financing and strategic advisory assignments across a variety of industries. With over 17 years of capital markets and restructuring experience, Mr. Sprung has advised on numerous significant transactions, notably representing Interstate Bakeries on its bankruptcy restructuring—the Turnaround Management Association Large Company Transaction of the Year in 2009—and Advanstar Communications and Aveos Fleet Performance on their out of court restructurings. Mr. Sprung started his career at Merrill Lynch & Co. where he structured, originated and traded debt derivative and commercial real estate products. “We are extremely pleased to welcome Lloyd to Evercore, adding further depth to our Corporate Restructuring practice,” said Eduardo Mestre, Evercore Vice Chairman. “Lloyd brings an exceptional reputation with deep expertise and senior-level relationships consistent with the quality that Evercore's clients expect.” “I am delighted to join Evercore's debt capital markets and restructuring advisory practice and become part of such a tremendous firm with its breadth of respected industry coverage bankers,” said Mr. Sprung. “I look forward to working closely with the entire Evercore team to build upon the firm's demonstrated success in providing exceptional strategic advice on some of the largest and most complex recent debt financing and restructuring transactions.” Mr. Sprung, 41, has an M.B.A. from Harvard Business School where he was a Baker Scholar and a B.A. in Economics (summa cum laude) from the University of Pennsylvania. 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, and Rio de Janeiro and São Paulo, Brazil. More information about Evercore can be found on the Company's website at Investors:Evercore PartnersRobert B. WalshChief Financial Officer, 212-857-3100orMedia:The Abernathy MacGregor Group, for Evercore PartnersKenny Juarez, 212-371-5999