Evercore Partners Prices Class A Common Stock Offering

NEW YORK, Aug. 4  /PRNewswire-FirstCall/ -- Evercore Partners Inc. (NYSE: EVR) today priced the previously announced underwritten public offering of 3,505,987 shares of its Class A common stock at a public offering price of $20.15 per share.

Evercore has agreed to issue and sell 3,236,338 shares of Class A common stock, which will provide approximately $61.5 million in proceeds to Evercore after deducting underwriting discounts and has granted the underwriters a 30-day option to purchase up to 485,450 additional shares of Class A common stock. Evercore intends to use all of the proceeds from the offering to purchase from certain holders, including members of Evercore's senior management, a number of outstanding Evercore LP partnership units that is equal to the number of newly-issued shares of Class A common stock sold by Evercore in the offering.

Certain stockholders of Evercore Partners have agreed to sell the remaining 269,649 shares of Class A common stock and have granted the underwriters a 30-day option to purchase up to 40,447 additional shares of Class A common stock.  Evercore will not receive any proceeds from the sale of shares of Class A common stock by the selling stockholders.

Goldman, Sachs & Co. is acting as sole book-running manager for the offering.  Barclays Capital, Fox-Pitt Kelton Cochran Caronia Waller, Sandler O'Neil + Partners, L.P. and Mizuho Securities USA Inc. are acting as co-managers for the offering.

Copies of the final prospectus related to the offering, when available, may be obtained by contacting Goldman, Sachs & Co. via telephone at [phone], via email at  or via standard mail at:

  Goldman, Sachs & Co.
  Prospectus Department
  85 Broad Street
  New York, NY 10004



The final prospectus, when it is available, also may be obtained on the Securities and Exchange Commission's website at http://www.sec.gov/.

About Evercore Partners

Evercore Partners is a leading investment banking boutique and investment management firm. Evercore's Advisory business counsels its clients on mergers, acquisitions, divestitures, restructurings and other strategic transactions. 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 its offices in New York, San Francisco, Boston, Washington D.C., Los Angeles, Houston, London, Mexico City and Monterrey, Mexico. 

DATASOURCE: Evercore Partners Inc.



CONTACT:  Robert B. Walsh, Chief Financial Officer, Evercore Partners

Inc., [phone]

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