Evercore Partners Completes Acquisition of Lexicon Partners
Evercore Partners Inc. (NYSE: EVR) announced today that it has completed its acquisition of Lexicon Partners, a leading independent UK-based investment banking advisory firm.
The acquisition enables Evercore to advise its clients in Europe and globally from a position of greater strength and scale. On a pro forma basis, 38% of investment banking revenues for the first half of 2011 was earned from European clients. Looking ahead, Evercore's clients will be served by a global team of more than 335 bankers, including 76 based in London. In addition, this combination will significantly enhance Evercore's capabilities in the Financial Institutions, Utilities and Infrastructure, and Energy sectors.
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