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Overview
Evercore is one of the premier elite boutique investment banks (also known as independent advisors), having advised on over US$4.7T since its founding in New York City in 1995.
In 2022, Evercore ranked seventh in advisory revenues among all investment banks with North American involvement and first among independent firms. Evercore also had a total market share of 21%.
Evercore is one of the few independent advisors that consistently advises on large-cap transactions. They are one of the fastest growing investment banks globally, having grown revenues at 20% annually over the past decade.
They ranked 4th on the list of the most prestigious investment banking firms.
Remember that in order to craft a great answer to the common question "Why this Firm?", it's your responsibility to read articles and speak with employees. If you are interviewing with Evercore, you should make sure you know:
1 deal that the investment banking group has done
1 person at the firm (ideally someone who would have influence over your recruiting process)
1 business model-specific detail to mention
We articulate how you can answer this question thoughtfully in our Investment Banking Course. We also cover all technical and qualitative information you need to get a top investment banking offer.
Selected Transaction
To further penetrate the B2B payments space, Global Payments hired Evercore to advise on its intended acquisition of EVO Payments (NASDAQ:EVOP).
Transaction Description: Global Payments Inc. (NYSE:GPN) entered into a definitive agreement to acquire EVO Payments, Inc. (NASDAQ:EVOP) from a group of institutional shareholders.
Transaction Value: US$4.0B post-closing enterprise value
Transaction Date: Announced August 2022
Fact Sheet
Company Name: Evercore
Description: Evercore is a premier global independent investment banking advisory firm offering trusted independent and innovative advice on strategic matters including mergers and acquisitions, strategic shareholder advisory, and restructuring
Bank Category: Elite Boutique
Ticker: NYSE:EVR
Founded: 1995
Employees: 1,950
Chief Executive Officer: John Weinberg
Headquarters: New York City, USA
Resources
Based on the H1B Database, the average base salary for a First-Year Analyst at Evercore is $100k.