Evercore acquires G5 Holdings S.A. (G5 advisors)
Snapshot
Evercore acquired G5 Holdings S.A. (G5 advisors) for $20 million in cash and Evercore securities at closing ($10,867 thousand cash and $10,319 thousand in restricted Class A shares), plus performance-based earn-outs through 2013 in October 2010. The transaction was structured as combination (cash and restricted stock) for a 50% interest, plus contingent earn-out. G5 Holdings S.A. (G5 advisors) is a Sao Paulo, Brazil-based Investment Management / Investment Banking - Latin America (Brazil) business.
- Acquirer
- Evercore
- Target
- G5 Holdings S.A. (G5 advisors)
- Value
- $20 million in cash and Evercore securities at closing ($10,867 thousand cash and $10,319 thousand in restricted Class A shares), plus performance-based earn-outs through 2013
- Date
- October 2010
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
Evercore acquired G5 Holdings S.A. (G5 advisors) for $20 million in cash and Evercore securities at closing ($10,867 thousand cash and $10,319 thousand in restricted Class A shares), plus performance-based earn-outs through 2013, a transaction completed in October 2010, structured as combination (cash and restricted stock) for a 50% interest, plus contingent earn-out.
G5 Holdings S.A. (G5 advisors) operates in Investment Management / Investment Banking - Latin America (Brazil), is based in Sao Paulo, Brazil. Sao Paulo-based independent investment banking boutique and investment management firm whose partners advised on some of the largest and most complex transactions involving Brazilian companies over the prior two decades. Evercore acquired a 50% interest, accounted for as an equity-method investment.
On September 14, 2010, Evercore Partners Inc. and certain affiliates announced that it has signed a definitive agreement to acquire a 50% interest in G5 Holdings S.A. and certain affiliates ('G5 advisors'), a Sao Paulo-based independent investment banking boutique and investment management firm.
Top Brazilian advisory franchise with two decades of experience on the largest Brazilian transactions, extending Evercore's Latin American footprint. Extended Evercore's Latin American advisory and asset-management presence; accounted for as an equity-method investment with Evercore holding half of G5's board seats. Operated as G5 in Brazil within Evercore's Latin American business (equity-method investment)
No advisory firms have been disclosed for this transaction.