Evercore Partners Agrees To Buy 50 Percent of G5 Advisors For $20 Million

Evercore Partners Inc. agreed to acquire a 50 percent stake in G5 Advisors, a São Paulo-based investment banking boutique and investment management firm. Evercore agreed to pay $20 million in cash and securities at closing, with the potential for earn out payments based on performance through 2013. The transaction is expected to close in early October. Evercore will have an opportunity to acquire the remaining 50 percent stake in 2014.

PRESS RELEASE

Evercore Partners Inc. (NYSE: EVR) announced today that it has signed a definitive agreement to acquire a 50% interest in G5 advisors, a São Paulo-based independent investment banking boutique and investment management firm. G5 advisors’ partners have advised companies in a number of the largest and most complex transactions involving Brazilian companies over the past two decades. Under the terms of the purchase agreement, Evercore will pay $20 million in cash and securities at closing, with the potential for earn out payments based on performance through 2013. The transaction is expected to be moderately accretive to earnings under a range of growth rates for the business and is expected to close in early October 2010. Following the closing, the partners of G5 advisors will own the remaining 50% of the company. Evercore will have an opportunity to acquire the remaining 50% beginning in 2014.

G5 advisors was founded in 2007 by Mr. Corrado Varoli, a former Partner, Managing Director and Head of Latin America for Goldman Sachs, together with Marcelo Lajchter and Renato Klarnet. The company is a leading independent advisor in Mergers & Acquisitions (M&A), Restructurings, Wealth Management and Asset Management, with 45 employees and offices in São Paulo and Rio de Janeiro. G5 advisors’ senior partners have a unique wealth of relevant experience gained over decades of working at leading global financial firms in various markets around the world. Their business model is based on intellectual capital and a strong network of relationships, which is complementary to the business model and culture of Evercore.

G5 and Evercore initially established a strategic alliance in 2008 and both Evercore and G5 have a strategic alliance with Mizuho. In addition, Evercore has an M&A strategic alliance with CITIC Securities. G5 advisors has advised on more than R$ 10 billion of transactions since its founding and currently manages over R$ 4 billion of assets for institutional and high net worth clients.

“As we look ahead, we believe that the number of cross-border merger transactions will increase, and that Brazil and Latin America will be an increasingly important part of this trend. This transaction is an important part of our strategy to position Evercore’s Advisory business to capitalize on the increased globalization of Mergers and Acquisitions,” said Ralph Schlosstein, Evercore’s President and Chief Executive Officer. “Brazil also represents an important new market for wealth creation and, therefore, it is a great country in which to expand our wealth management and investment management activities. We are fortunate to have worked closely with G5 advisors for the past two years and are pleased to welcome them more fully into the Evercore family.”

“G5 has established itself as a leading independent investment banking boutique in Brazil,” said Corrado Varoli, Chairman and Chief Executive Officer of G5 advisors. “The combined experience and expertise of the Evercore/G5 team will strengthen that position and enable us to serve clients more broadly as Brazil and Latin America increase in significance in the global M&A marketplace.”

G5 advisors and Evercore Partners acted as their own respective financial advisor for the transaction.

Additional information regarding the transaction is available on the Investor Relations section of Evercore’s Web site at www.evercore.com.