Evercore Partners Announces Offering of 4.78M Shares

Evercore Partners Inc. EVR announced today that the company and certain of its stockholders have commenced a public offering of an aggregate of 4,775,632 shares of Evercore's Class A common stock. Evercore intends to use its proceeds from the offering to fund the initial cash payments associated with Evercore's pending acquisition of Lexicon Partners and to purchase from certain holders, including members of Evercore's senior management, outstanding Evercore LP partnership units.