Evercore forms European debt advisory group

Evercore has formed a European debt advisory business led by Swag Ganguly, who has joined the firm as a senior managing director from Rothschild in London. Ganguly will be supported by Mark Craig, who joins as a managing director from Lloyds Bank in London.

Press Release

Evercore (NYSE:EVR) announced today that it is expanding its investment banking capabilities in London through the formation of a new European dedicated debt advisory business. The business will be led by Swag Ganguly who joins the firm as a Senior Managing Director from Rothschild in London; he will be supported by Mark Craig who joins as a Managing Director from Lloyds Bank in London. This new business expands the services that Evercore can provide to existing and new clients in Europe and will form a core part of our offering in conjunction with strategic and mergers and acquisitions advice. The new team further strengthens our market-leading restructuring and debt advisory group which has over 30 professionals in New York and London. They will work closely with our already established restructuring team in London and our debt advisory team in the US.

“The addition of a dedicated debt advisory capability in London is an important and natural extension of our investment banking advisory business globally,” said Ralph Schlosstein, President and Chief Executive Officer of Evercore. “We now have 115 investment banking professionals in Europe who have been involved in some of the largest and most complicated transactions announced in recent years. Debt advisory is becoming an integral component of mergers and acquisitions advice and also is increasingly valuable to our clients seeking debt financing. We are delighted to welcome such highly experienced individuals in Swag and Mark to build this business for us in London.”

“Capital advisory business in its various forms has been an important source of growth for Evercore in Europe over recent years,” said Andrew Sibbald, Chief Executive of European Investment Banking at Evercore. “With the arrival of Swag and Mark, we will be able to serve our clients more effectively with a dedicated debt advisory capability to complement our existing restructuring, public and private equity advisory activities.”

About Swag Ganguly

Mr. Ganguly most recently was a Managing Director and Head of Structured Finance in Rothschild’s debt advisory business where he has worked since 2000. Mr. Ganguly has advised corporates, private equity, infrastructure funds and governments on over $100 billion of financings in his 15 years in the industry. Mr. Ganguly has recently advised Arqiva on a £4 billion bank, bond and private placement financing, Opengrid Europe on its €2.7 billion bank and euro-bond financing, Global Container Terminals on its $1 billion bank and debt private placement, Canary Wharf Group on credit ratings strategy and Welcome Break on its £350 million senior and mezzanine refinancing. Mr. Ganguly has a M.A. in Economics from Cambridge University. He will join Evercore in October.

About Mark Craig

Mr. Craig was most recently Head of Sponsor Coverage for Lloyds Bank. Prior to that, he was a Managing Director and Head of Large Deal Origination in the bank’s leveraged finance unit where he led the team originating and executing some of the largest leveraged facilities that Lloyds has committed to. Mr. Craig has worked on over $75 billion of financings including transactions for Carlyle, CVC, Expro, Hellman & Friedman, KCA Deutag, KKR, Terra Firma, First Reserve, Pamplona and Bridgepoint. Mr. Craig has led staple financings, underwritten leveraged transactions, club financings, super senior / uni-tranche transactions, super senior / high yield transactions and large fund level facilities for private equity, infrastructure and debt funds. Mr. Craig has a M.A. in Geography from Cambridge University. He will join Evercore in October.

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 20 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.

About Evercore Europe

Evercore Europe serves clients from offices in London, Madrid and Aberdeen with dedicated teams covering M&A, energy, financial institutions, healthcare, metals and mining, private capital, restructuring, technology, transportation and utilities & infrastructure. Evercore has recently advised AstraZeneca on the unsolicited $124 billion bid from Pfizer, Shire on the $55 billion recommended combination with AbbVie, OAO Severstal on the $2.3 billion sale of its US steel holdings, ZIM Integrated Shipping Services on the $3.4 billion restructuring of its liabilities, OEG Offshore on its sale to KKR, Silverfleet Capital on the acquisition of AGR Group in Oslo and Dr B. R. Shetty on the acquisition of Travelex.