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NEW YORK and LONDON, Sept 17, 2007 /PRNewswire-FirstCall via COMTEX News Network/ --
Evercore Partners Inc. (NYSE: EVR) announced today that Edward Banks and Ian Ferguson have joined the firm's Advisory business as Senior Managing Directors, based in Evercore's London office.
Edward Banks joins from JPMorgan Cazenove, where he was a Managing Director in the bank's UK M&A team, with substantial TMT sector experience. Edward was responsible for the origination of M&A and equity transactions for UK and overseas clients, most recently advising Telefonica on the sale of Airwave, Babcock & Brown on its acquisition of Eircom, First Group on its acquisition of Laidlaw and Stanley Leisure on its takeover by Genting.
Ian Ferguson joins from Merrill Lynch, where he was a Managing Director with a focus on originating and executing transactions, primarily in the aerospace, engineering and defense sectors. Ian was actively involved in a series of recent high profile transactions including the IPO of QinetiQ, EADS's buyout of BAeS's Airbus stake and the BAe/VT shipbuilding joint venture.
"I am delighted to welcome Edward and Ian to Evercore," said Bernard Taylor, Vice Chairman of Evercore Partners. "The addition of Edward and Ian continues the growth of Evercore in Europe. They each bring considerable client relationship skills and transaction experience across a range of industry sectors. Their addition, to a team they already know well, further strengthens our core advisory business's ability to provide the highest quality advice to clients in Europe."
Edward Banks said, "Evercore is focused on building long-term relationships based on top quality analysis and execution skills. I look forward to building the firm's capabilities to provide our clients around the world with the very best strategic advice."
"Evercore has a strong reputation for providing the highest quality independent advice and developing long term corporate relationships," said Ian Ferguson. "I am pleased to be joining the very talented team and building on Evercore's first class reputation in the aerospace and defense sectors."
Notes to Editors
Edward Banks
Edward Banks was a Managing Director at JPMorgan Cazenove, having joined Flemings in 1997 after five years of M&A and equity transaction experience at Slaughter and May. Edward graduated from Christ Church, Oxford with a BA (Hons) degree in Philosophy and Theology. He is married with two children.
Ian Ferguson
Ian Ferguson was a Managing Director at Merrill Lynch, following a 10 year career at Flemings and JP Morgan Chase. Prior to that, Ian qualified as a Chartered Accountant at KPMG. Ian has a BA (Hons) degree in Economics and Finance, he speaks fluent French and is an Associate of the Centre d'Etude et de Prospective Strategique. He is married with two children.
About Evercore Partners
Evercore Partners is a leading investment banking boutique and investment firm. Evercore's Advisory business counsels its clients on mergers, acquisitions, divestitures, restructurings and other strategic transactions. Evercore's Investment Management business manages private equity funds and traditional asset management services for sophisticated institutional investors. Evercore serves a diverse set of clients around the world from its offices in New York, Los Angeles, San Francisco, London, Mexico City and Monterrey, Mexico. More information about Evercore can be found on the firm's Web site at www.evercore.com.
Evercore Europe, based in London, was established in 2006 following Evercore's acquisition of Braveheart Financial Services Limited, and has 20 employees including Vice Chairman, Bernard Taylor, and Senior Managing Directors, Julian Oakley, Lord Michael Forsyth and Philippe Camus, in addition to Edward Banks and Ian Ferguson.
Evercore has advised on some of the largest European M&A transactions over the past two years, including VNU's US$11.6 billion sale to a private equity consortium, Credit Suisse's US$9.9 billion sale of its Winterthur insurance unit to AXA, UCB's euro 4.4 billion acquisition of Schwarz Pharma and Smiths Group PLC's US$4.8 billion sale of its Aerospace division to GE. EVR-N.
SOURCE Evercore Partners Inc.
http://www.evercore.com
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