Evercore acquires The Lexicon Partnership LLP
Snapshot
Evercore acquired The Lexicon Partnership LLP for Approximately GBP 86 million purchase price (announced); total fair value of purchase price of $62,070 thousand at close, comprising cash and Class A shares in August 2011. The transaction was structured as combination (cash and stock). The Lexicon Partnership LLP is a London, United Kingdom-based Investment Banking - Advisory (Europe / UK) business.
- Acquirer
- Evercore
- Target
- The Lexicon Partnership LLP
- Value
- Approximately GBP 86 million purchase price (announced); total fair value of purchase price of $62,070 thousand at close, comprising cash and Class A shares
- Date
- August 2011
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
Evercore acquired The Lexicon Partnership LLP for Approximately GBP 86 million purchase price (announced); total fair value of purchase price of $62,070 thousand at close, comprising cash and Class A shares, a transaction completed in August 2011, structured as combination (cash and stock).
The Lexicon Partnership LLP operates in Investment Banking - Advisory (Europe / UK), is based in London, United Kingdom, had revenue of about Contributed revenue of $41,637 thousand from the August 19, 2011 acquisition date to December 31, 2011. U.K.-incorporated limited liability partnership advisory firm. Evercore acquired all of the outstanding partnership interests. Lexicon was purchased to expand the Company's advisory capabilities and was fully integrated into Evercore's existing operations during the fourth quarter of 2011.
Lexicon was purchased to expand the Company's advisory capabilities.
Scaled London advisory team to deepen Evercore's European M&A coverage. Goodwill of $44,286 thousand recognized in the Investment Banking segment; Lexicon's operations fully integrated into existing operations during Q4 2011. Fully integrated into Evercore's Investment Banking (advisory) operations
No advisory firms have been disclosed for this transaction.