Evercore Partners

 The Team

http://www.evercore.com/theteam/alphabetical

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Evercore partners, founded 1996, offices: New York, London, San Francisco, Los Angeles, Mexico City, and Monterrey as well as a partnership with Mizuho Financial Group in Tokyo.” http://en.wikipedia.org/wiki/Evercore_Partners
http://www.nytimes.com/1999/02/17/busin … azine.html. American Media Inc. was Evercore’s second ever purchase, after an insulation company.
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“Evercore Partners provides financial, restructuring, and mergers and acquisitions advisory services to corporate clients. Subsidiary Evercore Asset Management serves institutional investors and focuses on small- and mid-cap equities. Subsidiary Protego, a boutique investment bank founded by Pedro Aspe, Mexico’s former Minister of Finance, specializes in financing municipal infrastructure and energy projects in Mexico. Evercore Europe provides services from its London office. The company also has a venture capital fund. As a boutique investment firm, Evercore believes that it operates without the conflicts of interest that plague larger firms that both underwrite and invest in their clients.” http://www.answers.com/topic/evercore-partners-inc
Founders:

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 Roger C. Altman -(founder) http://www.private-equity.org.uk/profil … r+C+Altman ;grad of Georgetown and UChicago, Lehman Bros, Dep.Sec. of the US Treasury, Council on Foreign Relations. Altman was Evercore’s CEO/Chairman from its inception through 2009 and remains as Evercore’s Chairman of the Board ; R.C.A. is the son of a grocery broker and librarian, raised in Brookline, Mass; became Lehman’s youngest partner at age 28; advisor/friend to the Clintons and John Kerry; resigned his Treasury post ‘under pressure’ over the Whitewater investigation http://www.nytimes.com/2003/11/25/nyreg … mall.html; http://www.nytimes.com/2006/05/21/busin … 0Roger%20C.

–entered politics in 1977 as an Assistant Treasury Secretary in the Carter Administration
–1992-3, hired as Clinton Admin. Deputy Secretary of the Treasury under Lloyd Benson
   [Feb 1993]..two of the most powerful economic policy-makers of his Administration…are old friends–Robert E. Rubin, 54, the former head of the Goldman Sachs investment house and Roger Altman, 46, a successful Wall Street consultant affiliated with the Blackstone Group…. Rubin serves as head of the National Economic Council….Altman serves as deputy secretary of the Treasury, the department’s No. 2 position.” http://articles.latimes.com/1993-02-21/opinion/op-714_1_wall-street
–resigned in 1994 for suspected improprieties involving the Whitewater scandal [Robert Rubin was appointed Sec. of Treausry, 1994-1999]
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 Austin Beutner -(founder) http://www.kcrw.com/people/beutner_austin?role=guest , Dep. Mayor of Los Angeles, overseas airports and Port of L.A.

“Beutner began his career in the private sector in 1982 working for Smith Barney’s Mergers and Acquisitions group.  In 1986, he helped establish Smith Barney’s Merchant Banking Group.  In 1989 at the age of 29, Beutner became the youngest partner ever at The Blackstone Group, one of the world’s leading investment and advisory firms.  During Beutner’s tenure at Blackstone, he oversaw successful investments in Mexico and other countries, and advised Sony, PepsiCo and other leading businesses around the world. Beutner transitioned into the public sector working at the United States Department of State in Russia following the collapse of the Soviet Union.  From 1994-1996, he led a team which helped the struggling Russian government and people in their transition to a market economy. He oversaw the development of mortgage and business lending vehicles, led privatization strategies, and implemented redeployment of military technologies. He also created and ran a fund within Russia to invest in small to medium-sized businesses and create jobs. In 1996, Beutner co-founded the investment banking firm Evercore Partners” ..”At Evercore, Beutner led the creation of a world-class financial services firm. Among many other activities, Evercore has been involved in many landmark transactions including advising General Motors on their bankruptcy and ATT on their consolidation of the telecommunication industry.  Evercore also manages money for sophisticated institutional investors around the world in public equity, fixed income and private equity. Evercore’s investments have included controlling stakes in the electric transmission grid for the state of Michigan, the largest cable TV operator in Belguim, an oil company operating on the Gulf of Mexico and a tractor tire company in India. Beutner was born in New York and raised in Grand Rapids, Michigan. His mother is a retired schoolteacher and his father is a retired manufacturing engineer. He attended Dartmouth College where earned a degree in Economics in 1982. Beutner and his wife Virginia have lived in Los Angeles for the past ten years.  They have four children”  http://mayor.lacity.org/PressRoom/PressReleases/LACITYP_007826

..”Austin Beutner is the retired President and Co-Chief Executive Officer of Evercore Partners, which he co-founded in 1996. He currently serves as Chairman of the Board of the California Governor’s Council on Physical Fitness and Sports, is Chairman of the Board of the Broad Stage in Santa Monica, a member of the Council on Foreign Relations and is also the founder and chairman of the Mammoth Mountain Community Foundation. A strong supporter of the arts for young people, Beutner is the primary sponsor of the International Children’s Film Festival held annually at REDCAT (Roy and Edna Disney CalArts Theater) in downtown Los Angeles and is Co-Chair of the advisory council of CalArts Community Arts Partnership (CAP)…CalArts also operates the Roy and Edna Disney/CalArts Theater (REDCAT) in the Walt Disney Concert Hall complex in downtown Los Angeles.”  http://library.calarts.edu/news/16-dec-2009/calartsreceives14millionsupportdeservingstudents
January 26, 2010
“He was about to take a job with the U.S. Treasury Department under President Obama, but changed his mind after a Breakfast of Champions meeting at the home of former Mayor Richard Riordan.Eli Broad, Michael Milken and Steve Soboroff were there, the usual power elite suspects…Before breakfast was over, Beutner had emerged as the man who could make that [economic turn-around] happen.
He negotiated with Villaraigosa for the independence he wanted and took the job…
Beutner told me he is now in charge of 13 city departments… 
Beutner is keen to jump in. He thinks City Hall stands oafishly in the way of economic growth”…
“Austin Beutner says that instead of stunting growth, the city can lead the way, particularly if it gets the right kind of leadership at the Department of Water and Power, the airports and the port.”
“The Wall Street millionaire tapped by Los Angeles Mayor Antonio Villaraigosa to be the city’s “job czar”…Austin Beutner… in the next few days is expected to temporarily take the helm of a Department of Water and Power in disarray.” http://articles.latimes.com/2010/apr/16/local/la-me-beutner16-2010apr16 
 
 
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October 18, 2006 – “Boutique investment bank Evercore Partners has landed its third telecommunications deal in the last month, acting as an advisor on the $1.4bn (€1.16bn) acquisition of a wholesale and business communications services provider. Evercore is advising Level 3 Communications, alongside JP Morgan and Merrill Lynch, on its acquisition of Broadwing for $1.4bn. Evercore ranks fourth among investment banks in US telecoms deals, according to investment banking research provider Dealogic. Evercore has advised on 5 deals worth $86.7bn. JPMorgan ranks sixth, working on 16 deals worth $26.8bn, while Merrill Lynch comes in at the eighth spot, scoring 10 deals worth $22.9bn. Last month, Evercore advised Commonwealth Telephone Enterprises, which was sold to Citizens Communications for $1.16bn. Evercore also advised AT&T’s web hosting unit on its $300m acquisition of USinternetworking.  Under the terms of the latest deal, Level 3 will pay approximately $744m in cash and issue about 122 million shares of stock for Broadwing, which makes about half its revenue by delivering data and telephone services to large companies.” http://www.efinancialnews.com/story/2006-10-18/evercore-lands-third-telecom-deal-in-a-month

May 15, 2007 –  NEW YORK, May 15 /PRNewswire-FirstCall/ — Evercore Partners Inc.
( EVR) today announced that on an adjusted pro forma basis, its net
revenues increased 104.6% to a record $89.5 million for the first quarter
ended March 31, 2007 from $43.8 million for the comparable 2006 period.
http://www.prnewswire.com/news-releases/evercore-partners-reports-record-growth-in-first-quarter-earnings-per-share-declares-increased-quarterly-dividend-of-010-per-share-58161307.html
September 17, 2007 – “Evercore Adds Two Bankers in London – Evercore Partners doesn’t seem to be letting the credit crunch get in the way of its hiring plans. The boutique investment bank, whose chief executive recently called the debt-market correction a “fundamentally cathartic development,” said Monday it had recruited two London-based senior managing directors for its deal-advisory unit. New York-based Evercore said in a news release that it had hired Edward Banks, formerly a managing director at JP Morgan Cazenove, and Ian Ferguson, who had been a managing director at Merrill Lynch. Mr. Banks recently worked on deals in the telecommunications sector, Evercore said, while Mr. Ferguson has focused on aerospace-, defense- and engineering-related transactions. Evercore, which went public about a year ago, has been aggressively adding to its staff this year. In June, Stephen P. Schaible, formerly a managing director and head of global energy banking at Citigroup, joined Evercore as a senior managing director in New York. In May, it added two senior managing directors, one in New York and one in San Francisco. Evercore’s latest hires are in London, a market it entered with its 2006 acquisition of Braveheart.” http://dealbook.blogs.nytimes.com/2007/09/17/evercore-adds-two-bankers-in-london/?pagemode=print

March 2009 – “Evercore Partners, the US investment banking boutique, has teamed up with Chinese investment bank CITIC Securities International…Roger Altman, chairman and CEO of Evercore Partners, added, “This strategic cooperation initiative with CSI facilitates our clients’ access to the Chinese market. It also makes significant headway towards Evercore’s goal of further globalising our business. We are especially pleased to join with such prominent and highly respected partners as CITIC Securities International and Donald Tang.
Evercore’s Advisory business counsels its clients on M&As, divestitures, restructurings and other strategic transactions. Evercore’s Investment Management business comprises private equity investing, institutional asset management and wealth management. Evercore serves a diverse clientele around the world from its offices in New York, San Francisco, Boston, London, Mexico City and Monterrey, Mexico.”
http://www.altassets.com/private-equity-news/article/nz15475.html

 
“NEW YORK, Aug. 9 /PRNewswire-FirstCall/ — Evercore Partners Inc. today announced that Stephen CuUnjieng has joined the firm as a Senior Advisor. Mr. CuUnjieng joins Evercore from Macquarie Group, where he was most recently a Vice Chairman, ASEAN….I am especially excited to be reunited with my mentor, (Evercore Vice Chairman) Eduardo Mestre, whom I first worked with at Salomon Brothers and look forward to working with again.” http://www.smartbrief.com/news/ustelecom/industryPR-detail.jsp?id=3B09AA34-7D2B-4325-B87D-C05CB0811310
 
January 5, 2010 – “NEW YORK– (BUSINESS WIRE) — Evercore Wealth Management celebrates its one year anniversary today with more than $1.5 billion in assets under management and growing awareness among high net worth individual and related institutional clients. “Our partnership model resonates with clients because we deliver unconflicted advice and undiluted investment expertise,” said Jeff Maurer, partner and chief executive of Evercore Wealth Management…Additionally, Evercore Wealth Management offers personal trust services to its clients though Evercore Trust Company, N.A., a chartered national trust bank with $20 billion in assets under management and administration, as of December 31, 2009.” http://www.smartbrief.com/news/ustelecom/industryBW-detail.jsp?id=3204B818-B062-4F33-BA20-0BF92A8119F2

Feb 11, 2010 – “NEW YORK, Feb. 11 /PRNewswire-FirstCall/ — Evercore Partners Inc. (NYSE: EVR) and Trilantic Capital Partners are pleased to announce the formation of a strategic alliance to pursue private equity investment opportunities for Trilantic’s current fund and to collaborate on the future growth of Trilantic’s business.” http://www.thestreet.com/story/10680089/1/evercore-partners-and-trilantic-capital-partners-announce-strategic-relationship.html

 
Feb 24, 2010 – “LONDON, Feb. 24 /PRNewswire-FirstCall/ — Evercore Partners Inc. (NYSE: EVR) and Neuberger Berman announce that Evercore Partners has acquired key assets of the Private Funds Placement Group of Neuberger Berman… Ralph Schlosstein, Evercore’s President and Chief Executive Officer, said, “The addition of this group reflects the continued expansion of our global platform.
..George Walker, Chairman and Chief Executive of Neuberger Berman, said, “We look forward to working with Evercore in ways that leverage both our relative strengths in the private funds business….Richard Anthony.. will head the Evercore Private Funds Group,”  http://www.thestreet.com/story/10687995/1/evercore-partners-announces-the-acquisition-of-private-funds-placement-group-from-neuberger-berman.html
 
March 5, 2010 – “NEW YORK– (BUSINESS WIRE) — Evercore Partners Inc. (NYSE: EVR) today announced the acquisition of an interest in Atalanta Sosnoff Capital, LLC. Under the terms of the purchase agreement, and upon receipt of required consents, Evercore will pay approximately $69 million in cash, with the potential for earn out payments based on 2010 performance of up to $14.7 million, for a 49% economic interest in the company… Atalanta manages more than $10 billion of assets for institutional, high net worth and broker advised clients.” http://www.smartbrief.com/news/ustelecom/industryBW-detail.jsp?id=9C7E9685-2D83-4D14-A031-6DE6166E5DCE 
 
March 10, 2010 – “NEW YORK (MarketWatch) — Analysts at Goldman Sachs Group Inc. on Wednesday upgraded Evercore Partners Inc. /quotes/comstock/13*!evr/quotes/nls/evr (EVR 34.11, -1.37, -3.86%) to its conviction buy list, while at the same time downgrading Lazard Ltd. /quotes/comstock/13*!laz/quotes/nls/laz (LAZ 34.58, -2.43, -6.57%) from the list to a buy rating. Shares of both firms responded in early Wednesday trading, with Evercore stock up roughly 5% and Lazard shares off more than 4%. “We view Evercore as an attractive way to maximize exposure [to improving mergers and acquisitions trends] without the near-term overhang of secondary share issuance and lingering concern surrounding compensation headwinds at Lazard,” said the Goldman analysts in a research note.” http://www.marketwatch.com/story/goldman-shuffles-conviction-buy-list-2010-03-10
  
April 8 2010 –  “NEW YORK– (BUSINESS WIRE) — Evercore Partners Inc. (NYSE: EVR) announced today the acquisition of MJC Associates, a commercial real estate advisory boutique, and the appointment of Martin J. Cicco as Senior Managing Director and Head of Evercore’s Real Estate Advisory practice….Greg Brooks and Robert Klein also will be joining Evercore as a Managing Director and Vice President, respectively…Mr. Cicco, 54, is a graduate of Columbia University and has served on the advisory boards of the Columbia Business School’s Paul Milstein Center for Real Estate, the University of Wisconsin’s James A. Graaskamp Center for Real Estate and the Wharton School’s Samuel Zell and Robert Lurie Real Estate Center. In addition, he is an active member of the National Association of Real Estate Investment Trusts and The Real Estate Roundtable. Mr. Cicco is a former Trustee of both the Urban Land Institute and The International Council of Shopping Centers. In 2006 he received the John Jay Award from Columbia College and was presented the Industry Achievement Award by NAREIT in 2008.” http://www.smartbrief.com/news/ustelecom/industryBW-detail.jsp?id=35FB8F4D-F0AB-482A-8643-D1A582B3F561
 
April 8, 2010 – “NEW YORK– (BUSINESS WIRE) — Evercore Partners Inc. (NYSE: EVR) announced today that F. Perkins (Perk) Hixon has joined the firm’s Advisory business as a Senior Managing Director effective immediately. Mr. Hixon, who will be based in New York, is leading Evercore’s newly formed Mining, Metals and Materials Advisory business….“Recent global events, especially the extraordinary growth in China, have made the metals, mining, and materials sector strategically important and we are pleased to have recruited one of the leading bankers in this sector to our team,” said Eduardo Mestre, Evercore Partners Vice Chairman.” http://www.smartbrief.com/news/ustelecom/industryBW-detail.jsp?id=CBC084B7-1C4B-46FB-BA88-379F4225EA41 
 
April 19 2010 – “MEXICO CITY– (BUSINESS WIRE) — Evercore Partners Inc. (NYSE: EVR) announced today that Alejandro Reynoso del Valle is joining its operating business in Mexico, Protego, as a Senior Managing Director…“I have known Pedro and the team at Protego for a long time and becoming part of Evercore is an exciting step in my career,” said Dr. Reynoso.
…Dr. Reynoso, 49, holds a Doctorate Degree in International Economy and Economic Development from the Massachusetts Institute of Technology…Dr. Reynoso led the corporate reorganization and IPO of the Mexican Stock Exchange, which was recognized as the 2008 Equity Deal of the Year by the International Finance Law Review.”
 
May 4, 2010 – “NEW YORK– (BUSINESS WIRE) — Evercore Wealth Management today announced the completion of the acquisition of Morse, Williams and Company, Inc. Founded in 1981 as an SEC registered investment advisor, Morse Williams manages approximately $190 million for individual clients, families and related institutions.” http://www.smartbrief.com/news/ustelecom/industryBW-detail.jsp?id=A0DDC670-02CE-46BC-A1DC-98987499EEF2
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