Evercore goes east for deals - Tom Taulli

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Evercore goes east for deals
Mar 16, 2009 03:10 PM UTC

Tom Taulli

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Filed under: Deals, Private equity

Roger Altman, who runs Evercore Partners Inc. (NYSE: EVR), is a consummate dealmaker, with an amazing network of influential people -- he was formerly a U.S. Deputy Treasury Secretary during the Clinton years. Even though the global economy is in turmoil, he sees lots of opportunity, especially in countries like China.

To this end, Evercore has put together a joint venture (JV) with Citic Securities called Citic Securities International Partners. It's certainly a big deal as Citic is the biggest securities firm in China.

In the JV, Evercore and Citic will engage in an assortment of activities like direct investments and cross-border M&A advisory.

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Evercore goes east for deals originally appeared on BloggingStocks on Mon, 16 Mar 2009 10:10:00 EST. Please see our terms for use of feeds.

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