Evercore Investment Bank to Open Israel Branch
Leonard Rosen, CEO of Barclays Israel and former CEO of Lehman Brothers Israel, will head the local branch
Evercore was founded in 1995 and employs some 1700 people in 10 countries, according to the firm’s website. The firm reports playing a role in deals valued at approximately $2 trillion and has advised on some of the most prominent merger and acquisition deals in the U.S. this year. In January, it advised Bristol-Myers Squibb on its $74 billion acquisition of Celgene Corporation. The firm also advised Anadarko Petroleum Corp. when it was acquired by Occidental Petroleum for $57 billion in May. Evercore also played a role in United Technologies Corporation’ $156 billion merger deal with Raytheon Co., which closed earlier this month.
Rosen is considered one of the leading global investment bankers in Israel. Among other deals, he advised Nasdaq-listed consumer electronics company Orbotech Ltd. in its $3.4 billion acquisition by Nasdaq-listed semiconductor company KLA-Tencor Corporation in 2018.