NEW YORK, Sept. 24, 2019 /PRNewswire/ -- Evercore
(NYSE: EVR) announced today that Len
Rosen has joined the Firm as a Senior Managing Director and
CEO of the Firm's new business in Israel. He will be based in Tel
Aviv.
Mr. Rosen was most recently the CEO of Barclays Israel, and
before that held the same position at Lehman Brothers. Over
the course of his 25-year career as a trusted advisor to clients in
Israel, he has advised clients on
many of the largest and most important M&A transactions,
including Orbotech's sale to KLA, Orbotech's acquisitions of Photon
Dynamics and Frontline, Given Imaging's sale to Covidien, Verint's
acquisition of Witness Systems, SuperDerivatives' sale to ICE Noble
Energy's sale of a stake in the Tamar natural gas field and a
number of acquisitions for Teva Pharmaceuticals. In addition, Mr.
Rosen has been involved in over 100 IPOs and equity transactions,
including the IPOs of Ormat Geothermal, Verint, Mobileye, CyberArk,
ADO Properties, ReWalk, Foamix, Kornit and Caesarstone. He has also
been involved in over 60 fixed income transactions for Israel and Israeli companies, including the
sovereign, Israel Electric and the emerging Israeli companies in
the natural gas sector.
John Weinberg, Evercore's
Executive Chairman, said, "Israel
has one of the most important ecosystems for technology and
innovation globally, making it an extremely attractive environment
for our advisory business. Len's strong relationships and
extensive experience will enable us to provide best in class
service to clients in Israel on
their important strategic and financial issues, and we are pleased
that he will be leading our business there."
Ralph Schlosstein, Evercore's
President and CEO, said, "Len has a great reputation as the
pre-eminent investment banker in Israel, with a long and successful track
record of advising clients on landmark Israeli transactions.
We are thrilled to have a banker of his caliber join Evercore to
lead our new Israeli business."
Mr. Rosen commented, "I am honored to have the opportunity to
lead Evercore's new business in Israel. Evercore has advised
on some of the highest profile M&A transactions in recent
years, and the entry of such a high-end investment banking firm
into the Israeli market is testament to the exceptional growth of
the Israeli M&A economy, particularly in Technology, Life
Sciences and Natural Resources, areas in which Evercore
excels. Evercore's focus on providing the highest quality,
differentiated and independent advice is highly valued by clients
around the world, and I am excited about the opportunity to join
the Evercore team."
Mr. Rosen has a B.A. from Columbia and a J.D. from Columbia Law
School. Prior to Barclays and Lehman Brothers, Len was an
attorney at Cravath, Swaine & Moore.
Evercore is the world's largest independent investment banking
advisory firm and, to date in 2019, has advised on all of the five
largest U.S. transactions and five of the seven largest
transactions globally.
About Evercore
Evercore (NYSE: EVR) is a premier
global independent investment banking advisory firm. We are
dedicated to helping our clients achieve superior results through
trusted independent and innovative advice on matters of strategic
significance to boards of directors, management teams and
shareholders, including mergers and acquisitions, strategic
shareholder advisory, restructurings, and capital structure.
Evercore also assists clients in raising public and private capital
and delivers equity research and equity sales and agency trading
execution, in addition to providing wealth and investment
management services to high net worth and institutional
investors. Founded in 1995, the Firm is headquartered in
New York and maintains offices and
affiliate offices in major financial centers in North America, Europe, the Middle
East and Asia. For more information, please visit
www.evercore.com.
Investor Contact:
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Investor Relations,
Evercore
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+1.212.857.3100
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Business
Contact:
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Tim
LaLonde
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COO, Investment
Banking, Evercore
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+1.212.857.3100
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Media
Contact:
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Dana
Gorman
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The Abernathy
MacGregor Group, for Evercore
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+1.212.371.5999
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SOURCE Evercore