Bloomberg News

Evercore Hires Goldstein for Restructuring Business

October 05, 2012

(Corrects to add debt financings to third paragraph.)

Evercore Partners Inc. (EVR:US), the investment-banking advisory firm founded by Roger Altman, hired Lazard Ltd. (LAZ:US)’s Stephen Goldstein for its restructuring and debt group.

Goldstein, who spent a decade at rival investment bank Lazard, will be a senior managing director, focusing on corporate restructuring and financing, New York-based Evercore said today in a statement.

The 42-year-old banker provided advice on restructurings and debt-financing transactions for companies including grocery chain Great Atlantic & Pacific Tea Co., commercial real-estate lender iStar Financial Inc. and Charter Communications Inc. (CHTR:US), a cable-television operator, the statement shows. Advisory firms are preparing for an increase in restructurings amid concern slowing global growth and Europe’s debt crisis will diminish investor appetite for risky securities and limit options for companies seeking to refinance.

William Repko, co-founder of Evercore’s restructuring group, moved to a senior advisory role at the end of 2011. The group is headed by co-founder David Ying. Evercore’s restructuring group in April hired Steve Wellington as a senior managing director in London from Bank of America Corp., and last year recruited Lloyd Sprung from Miller Buckfire & Co.

Before Lazard, Goldstein worked as an investment banker at Thomas Weisel Partners Group Inc. and its predecessor firm, Montgomery Securities.

To contact the reporters on this story: Zachary Tracer in New York at ztracer1@bloomberg.net; Beth Jinks in New York at bjinks1@bloomberg.net

To contact the editor responsible for this story: Jeffrey McCracken at jmccracken3@bloomberg.net


American Apparel's Future
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

Companies Mentioned

  • EVR
    (Evercore Partners Inc)
    • $54.58 USD
    • 0.23
    • 0.42%
  • LAZ
    (Lazard Ltd)
    • $50.89 USD
    • -0.26
    • -0.51%
Market data is delayed at least 15 minutes.
 
blog comments powered by Disqus