Evercore acquires Protego Asesores (Protego)
Snapshot
Evercore acquired Protego Asesores (Protego) for $7.0 million aggregate principal amount of non-interest-bearing notes plus Evercore LP partnership units in August 2006. The transaction was structured as combination (notes plus partnership units). Protego Asesores (Protego) is a Mexico City and Monterrey, Mexico-based Investment Management / Investment Banking - Latin America (Mexico) business.
- Acquirer
- Evercore
- Target
- Protego Asesores (Protego)
- Value
- $7.0 million aggregate principal amount of non-interest-bearing notes plus Evercore LP partnership units
- Date
- August 2006
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
Evercore acquired Protego Asesores (Protego) for $7.0 million aggregate principal amount of non-interest-bearing notes plus Evercore LP partnership units, a transaction completed in August 2006, structured as combination (notes plus partnership units).
Protego Asesores (Protego) operates in Investment Management / Investment Banking - Latin America (Mexico), is based in Mexico City and Monterrey, Mexico. Mexico City- and Monterrey-based advisory and asset management firm founded by Pedro Aspe. Evercore LP acquired Protego and its subsidiaries (including a 70% interest in Protego Casa de Bolsa, the Mexican asset management subsidiary) and Protego SI as part of the corporate reorganization completed immediately prior to Evercore's August 2006 IPO.
In August 2006, we completed a corporate reorganization and our combination with Protego prior to the IPO.
Established Latin American advisory and asset-management platform led by former Mexican finance minister Pedro Aspe, extending Evercore beyond the U.S. Added a Latin American advisory and fixed-income asset management presence to Evercore's U.S. franchise. Operated under Evercore in Latin America; Protego Casa de Bolsa (PCB) became the Mexican asset management subsidiary
No advisory firms have been disclosed for this transaction.