Evercore Partners Announces Extension of M&A Alliance with Mizuho

02 Nov, 2015, 06:02 ET from Evercore Partners Inc.

NEW YORK, Nov. 2, 2015 /PRNewswire/ --

Evercore Partners Inc. (NYSE: EVR) announced today that Evercore, Mizuho Bank, Ltd. ("Mizuho Bank") and Mizuho Securities Co., Ltd. ("Mizuho Securities") have extended their mergers and acquisitions cross-border alliance for an additional three year period and expanded it to operate on a global basis.

The advisory alliance enables Evercore and Mizuho Securities to continue to capitalize on what we believe to be a positive long term trend driving outbound M&A from Japan; namely, the need for Japanese firms to seek growth outside of their domestic market.  Together, Mizuho Securities and Evercore have successfully closed 9 cross-border mandates; we look forward to continuing to serve our clients in these important and complex transactions.  Ralph Schlosstein, Evercore's President and Chief Executive Officer said, "We are pleased to extend and expand our Alliance.  Our longstanding relationship with Mizuho is an important part of our global strategy and enables Evercore and Mizuho to be well positioned to capture the ongoing M&A activity out of Japan." Masuo Fukuda, Managing Executive Officer and Joint Head of Investment Banking Division of Mizuho Securities commented, "The overall trend of Japanese companies' acquisitions of overseas companies will continue in the coming years, and as a leading global financial institution, Mizuho is well-positioned to serve such clients. We look forward to continuing our partnership with Evercore so that we can together provide the highest quality M&A advice to our respective clients."

In conjunction with the renewal of the alliance, Mizuho Bank's existing $120 million of 5.2% senior notes will be surrendered and replaced by a new loan, and Mizuho Bank will exercise, in full, its warrant to purchase Class A shares of Evercore. Of the 5.45 million shares issuable upon exercise of the warrant, 3.1 million shares will be offered to the public and 2.35 million shares will be repurchased by Evercore (subject to completion of the offering).

About Evercore

Evercore is a leading independent investment banking advisory firm. Evercore'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 equity research, sales and trading execution that is free of the conflicts created by proprietary activities. 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 28 offices in North America, Europe, South America and Asia. More information about Evercore can be found on the Company's website at www.evercore.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. You can identify these forward-looking statements by the use of words such as "outlook", "believes", "expects", "potential", "continues", "may", "will", "should", "seeks", "approximately", "predicts", "intends", "plans", "estimates", "anticipates" or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including, among others, risks inherent to the hospitality industry, macroeconomic factors beyond the Company's control, competition for hotel guests, management and franchise agreements and timeshare sales, risks related to doing business with third-party hotel owners, the Company's significant investments in owned and leased real estate, performance of the Company's information technology systems, growth of reservation channels outside of the Company's system, risks of doing business outside of the United States and the Company's indebtedness. Additional factors that could cause the Company's results to differ materially from those described in the forward-looking statements can be found under the section entitled "Risk Factors" of the Company's most recent Annual Report on Form 10-K, filed with the SEC, as such factors may be updated from time to time in the Company's periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the Company's filings with the SEC. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

Investor Contact:        Robert B. Walsh                                         Chief Financial Officer, Evercore                                         +1.212.857.3100

Media Contact:          Dana Gorman                                          The Abernathy MacGregor Group, for Evercore                                        +1.212.371.5999

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SOURCE Evercore Partners Inc.



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