(wire)
Evercore to absorb Neuberger Berman unit
Evercore Partners, the listed, New York-based investment bank, will absorb the fund placement unit belonging to Neuberger Berman.
Evercore's buy of the Neuberger Berman asset will result in its integration into the investment bank under the Evercore Private Funds Group brand; terms of the merger were not disclosed.
Eight Neuberger Berman pros will be joining Evercore as part of the deal; the group is headquartered in London but has U.S. operations as well. Richard Anthony will lead the Evercore group.
The investment bank, which, last year partnered with CITIC Securities International to source Chinese deals, will attempt to grow the private funds group into the Middle East and Europe. Calls to Evercore and Neuberger Berman were not acknowledged by press time.
Evercore's buy of the Neuberger Berman asset will result in its integration into the investment bank under the Evercore Private Funds Group brand; terms of the merger were not disclosed.
Eight Neuberger Berman pros will be joining Evercore as part of the deal; the group is headquartered in London but has U.S. operations as well. Richard Anthony will lead the Evercore group.
The investment bank, which, last year partnered with CITIC Securities International to source Chinese deals, will attempt to grow the private funds group into the Middle East and Europe. Calls to Evercore and Neuberger Berman were not acknowledged by press time.
