Legal DealFolio - Evercore Partners purchase of stake in ABS Investment Management

Simpson Thacher is representing Evercore Partners in the purchase of a 45 percent stake in ABS Investment Management, an institutionally focused equity long/short hedge fund-of-funds manager with approximately $3.5 billion in assets under management. The transaction is expected to close by year end. Evercore Partners is a leading independent investment banking advisory firm. Evercore's investment banking business advises its clients on mergers, acquisitions, divestitures, restructurings, financings, public offerings, private placements and other strategic transactions and also provides institutional investors with high quality research, sales and trading execution that is free of the conflicts created by proprietary activities; 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, Boston, Chicago, Houston, Los Angeles, Minneapolis, San Francisco, Washington D.C., London, Aberdeen, Scotland, Mexico City and Monterrey, Mexico, Hong Kong and Rio de Janeiro and Sao Paulo, Brazil. The Simpson Thacher team for the transaction includes: Gary I. Horowitz, Ed Chung, Ryan M. Gavin, John A. Kupiec, Jona Lundborg (M&A); Olga Gutman, Michael Sabin (Funds); John J. Creed, Sean M. Austin (Tax); David Rubinsky, Douglas Tang (Executive Compensation and Employee Benefits); and Marcela Robledo (IP).

Deal Date:	17-11-2011	Practice Area:	Corporate and M&A
Deal Title:	Evercore Partners purchase of stake in ABS Investment Management	Industry:	Financial Services
Description:	Simpson Thacher is representing Evercore Partners in the purchase of a 45 percent stake in ABS Investment Management, an institutionally focused equity long/short hedge fund-of-funds manager with approximately $3.5 billion in assets under management. The transaction is expected to close by year end. Evercore Partners is a leading independent investment banking advisory firm. Evercore's investment banking business advises its clients on mergers, acquisitions, divestitures, restructurings, financings, public offerings, private placements and other strategic transactions and also provides institutional investors with high quality research, sales and trading execution that is free of the conflicts created by proprietary activities; 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, Boston, Chicago, Houston, Los Angeles, Minneapolis, San Francisco, Washington D.C., London, Aberdeen, Scotland, Mexico City and Monterrey, Mexico, Hong Kong and Rio de Janeiro and Sao Paulo, Brazil. The Simpson Thacher team for the transaction includes: Gary I. Horowitz, Ed Chung, Ryan M. Gavin, John A. Kupiec, Jona Lundborg (M&A); Olga Gutman, Michael Sabin (Funds); John J. Creed, Sean M. Austin (Tax); David Rubinsky, Douglas Tang (Executive Compensation and Employee Benefits); and Marcela Robledo (IP).
Financial Center:	New York	Value:	100.01-500.00
Advised Party:	Private Equity Investor	Law Firm	Simpson Thacher
Target Company Jurisdiction	United States	Acquiror Jurisdiction	United States
Classification:	Financial Buyer Acquisitions Primary Buy-Out	Lawyer	Gary I Horowitz

Practice Areas -

Corporate and M&A Law Firms and Lawyers

Practice Areas - Corporate and M&A Law Firms and Lawyers