Evercore Partners Forms Strategic Alliance with Brazil's G5 Advisors to Jointly Advise On Cross-Border Transactions Involving Brazilian Companies
New York, NY and São Paulo, Brazil — August 12, 2008 — Evercore Partners Inc. (NYSE: EVR) announced today that it has signed an agreement with G5 Advisors, a São Paulo-based investment banking boutique and investment management firm, to jointly advise on cross-border transactions involving Brazilian companies.
Under the terms of the agreement, Evercore and G5 Advisors will work together on strategic cross-border M&A and related transactions between Brazilian companies and companies located outside South America. The two firms may also choose to work together on transactions involving companies in other South American countries.
The strategic alliance will provide Evercore with enhanced senior-level experience and industry expertise in Brazil and across South America. Mr. Corrado Varoli, Chief Executive Officer of G5 Advisors, is a former Partner Managing Director and Head of Latin America for Goldman Sachs. Among its senior partners, G5 Advisors counts Mr. Francisco Gros, a former Governor of the Brazil Central Bank and a former CEO of Petrobras. The agreement will enable G5 Advisors to benefit from the breadth and depth of Evercore's global senior-level client relationships, extensive M&A and restructuring experience and industry expertise.
"Evercore's strategic alliance with G5 Advisors is another step in the globalization of our firm, enabling us to expand our presence in South America and provide superior advice and execution for our clients," said Roger C. Altman, Chairman and Chief Executive Officer of Evercore Partners. "G5 has assembled a world class team, and we are very pleased to be working with them. Brazil, Latin America's largest economy, continues to grow in importance globally."
"Our relationship with Evercore is an important step in building out our advisory platform," said Corrado Varoli, Chief Executive Officer of G5 Advisors. "It will enable us to provide our clients in Brazil with access to Evercore's global reach and services. Our two firms are built on the same principle of providing sophisticated, objective advice to our clients and our geographic footprints are complementary."
About G5 Advisors
G5 Advisors, established in 2007, is a leading 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.
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 provides traditional asset management services to sophisticated institutional investors. Evercore serves a diverse set of clients around the world from its offices in New York, San Francisco, London, Mexico City and Monterrey, Mexico. More information about Evercore can be found on the Company's Web site at www.evercore.com. EVR-X
Evercore Investor Contact:
Bob Walsh
Chief Financial Officer, Evercore Partners
212-857-3100
Evercore Media Contact:
Kenny Juarez or Chuck Dohrenwend
Abernathy MacGregor, for Evercore Partners
212-371-5999
G5 Advisors Media Contact:
Renato Klarnet
Partner, G5 Advisors
+55 11 3014 6868