Evercore Partners Prices Class A Common Stock Offering
05 August 2009 - 11:23AM
PR Newswire (US)
NEW YORK, Aug. 4 /PRNewswire-FirstCall/ -- Evercore Partners Inc.
(NYSE: EVR) today priced the previously announced underwritten
public offering of 3,505,987 shares of its Class A common stock at
a public offering price of $20.15 per share. Evercore has agreed to
issue and sell 3,236,338 shares of Class A common stock, which will
provide approximately $61.5 million in proceeds to Evercore after
deducting underwriting discounts and has granted the underwriters a
30-day option to purchase up to 485,450 additional shares of Class
A common stock. Evercore intends to use all of the proceeds from
the offering to purchase from certain holders, including members of
Evercore's senior management, a number of outstanding Evercore LP
partnership units that is equal to the number of newly-issued
shares of Class A common stock sold by Evercore in the offering.
Certain stockholders of Evercore Partners have agreed to sell the
remaining 269,649 shares of Class A common stock and have granted
the underwriters a 30-day option to purchase up to 40,447
additional shares of Class A common stock. Evercore will not
receive any proceeds from the sale of shares of Class A common
stock by the selling stockholders. Goldman, Sachs & Co. is
acting as sole book-running manager for the offering. Barclays
Capital, Fox-Pitt Kelton Cochran Caronia Waller, Sandler O'Neil +
Partners, L.P. and Mizuho Securities USA Inc. are acting as
co-managers for the offering. Copies of the final prospectus
related to the offering, when available, may be obtained by
contacting Goldman, Sachs & Co. via telephone at +1 212 902
1171, via email at or via standard mail at: Goldman, Sachs &
Co. Prospectus Department 85 Broad Street New York, NY 10004 The
final prospectus, when it is available, also may be obtained on the
Securities and Exchange Commission's website at
http://www.sec.gov/. About Evercore Partners Evercore Partners is a
leading investment banking boutique and investment management firm.
Evercore's Advisory business counsels its clients on mergers,
acquisitions, divestitures, restructurings and other strategic
transactions. 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, San Francisco, Boston,
Washington D.C., Los Angeles, Houston, London, Mexico City and
Monterrey, Mexico. DATASOURCE: Evercore Partners Inc. CONTACT:
Robert B. Walsh, Chief Financial Officer, Evercore Partners Inc.,
+1-212-857-3100
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