New York-based investment banking boutique and investment firm Evercore Partners has purchased Braveheart Financial Services Limited, a financial advisory and investment management firm based in London, Evercore Partners said in a statement.
“Our long term goal is to achieve the same market leading position in Europe, among boutique advisory and investing firms, which we have achieved in the United States,” said Roger Altman, Evercore’s chairman and co-chief executive officer, in the statement.
Bernard Taylor and Julian Oakley, Braveheart’s leaders and founders, will become senior managing partners at Evercore, the statement said. Oakley was previously a senior managing director of JP Morgan Cazenove. Taylor, formerly a vice chairman at JP Morgan will also be a co-vice chairman of the firm. Both he and Oakley will work from London and will operate under the Evercore Partners name.
With offices in New York, Los Angeles, San Francisco and London, as well as in Mexico City and Monterrey in Mexico, Evercore has advised large companies on their mergers and acquisitions deals, the statement said. Among those transactions include Credit Suisse’s potential $9.9 billion sale of Winterthur Insurance, an insurance company in Switzerland, to AXA, a wealth management company, and Swiss Re’s $7.8 billion acquisition of General Electric’s insurance solutions business, the statement said.
Evercore went public in August and raised $83 million in its initial public offering. It currently trades on the New York Stock Exchange under the ticker symbol EVR.