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Evercore Partners Announces Secondary Offering of its Class A Common Stock

^{Published on 2010-09-13 13:20:34 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Evercore Partners Inc. (NYSE: EVR) announced today that the company and certain of its stockholders have commenced a public offering of an aggregate of 2.6 million shares of Evercorea™s Class A common stock. Evercore intends to use all of the proceeds from its offering of Class A common stock to purchase from certain holders, including members of Evercorea™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. Evercore will not receive any proceeds from the sale of shares of Class A common stock by the selling stockholders. Evercore and the selling stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of Class A common stock to the extent that the underwriters sell more than 2.6 million shares of Class A common stock.

Goldman, Sachs & Co. and Evercore Group L.L.C. are acting as the joint book-running managers for the offering. Barclays Capital, Keefe, Bruyette & Woods, Sandler Oa™Neill + Partners, L.P. and William Blair & Company are acting as co-managers for the offering.

The offering is being made pursuant to a shelf registration statement filed with the U.S. Securities and Exchange Commission, which became effective on June 2, 2009. Copies of the written prospectus and preliminary prospectus supplement related to the offering may be obtained by contacting Goldman, Sachs & Co. via telephone at (866) 471-2526, via email at [ Prospectus-ny@email.gs.com ] or via standard mail at:

Goldman, Sachs & Co.
200 West Street
New York, NY 10282

You may also visit [ www.sec.gov ] to obtain an electronic copy of the prospectus and related preliminary prospectus supplement.

The offering is made only by means of the prospectus and related prospectus supplement.

This announcement does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

About Evercore Partners

Evercore Partners is a leading independent investment banking advisory firm. Evercorea™s Investment Banking business advises its clients on mergers, acquisitions, divestitures, restructurings, financings, public offerings, private placements and other strategic transactions and also provides institutional investors with high quality research, sales and trading execution that is free of the conflicts created by proprietary activities; Evercorea™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, Boston, Houston, Los Angeles, San Francisco, Washington D.C., London, Mexico City and Monterrey, Mexico. More information about Evercore can be found on the Companya™s Web site at [ www.evercore.com ].