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Evercore Partners

Profile

Publicly traded (EVR) boutique investment bank started in 1996. Offices in New York, London, Los Angeles, San Francisco, Mexico City, and Monterrey.

Primarily provides advisory services and investment management (part of which is private equity). Private equity arm is called Evercore Capital Partners; venture capital is called Evercore Ventures; Evercore Asset Management invests in publicly traded stocks and Protego Asesores makes private equity investments in Mexico. The bulk of the firm’s advisory revenues came from the US, but growth in Latin America fees was substantial in 2007. Recent transactions can be found here.

Q4 07 results included the following: “The Company has targeted total employee compensation and benefits awarded to employees at a level approximating 50% of net revenue. The Company’s employee compensation and benefits costs for the quarter and year ended December 31, 2007 were $59.9 million and $173.3 million, respectively. When compared to net revenues for the associated periods the ratios of compensation to net revenues were 63.9% and 53.9% respectively. These ratios compare with 52.2% and 49.5%, respectively, for the quarter and year ended December 31, 2006.”The bank had 290 employees at the end of 2007 (versus 246 at the end of 2006).
Analyst program applicants should submit a resume and cover letter to analystrecruiting@evercore.com; experienced hires to recruiting@evercore.com.