NEW YORK--(BUSINESS WIRE)--Evercore Partners Inc. (NYSE: EVR) announced today that Randolph Sesson has agreed to join the Firm’s Investment Banking business as a Senior Managing Director based in London, where he will be Head of European Transportation. Mr. Sesson will focus on providing strategic and financial advice to companies in the Transportation and related infrastructure sectors.
Mr. Sesson was most recently a Managing Director and Head of European Transportation and Infrastructure within the Investment Banking Division at Morgan Stanley & Co.’s London office. Prior to joining Morgan Stanley in 2006, he worked at Goldman Sachs in a variety of senior roles in Europe, the U.S. and Asia, and was Head of European Transportation there from 2000 to 2006. Mr. Sesson has advised airline, bus and rail, shipping, aviation and logistics companies, and has also provided advisory and financing services to related transportation infrastructure companies in the airport, port and toll road sectors. Recent transactions include representing Iberia in its merger with British Airways, Lufthansa in the sale of bmi to IAG, N-Trans Group in its IPOs of Globaltrans and Global Ports, DFDS in its acquisition of Norfolklines from AP Moller, and KKR in its acquisition of UN RoRo. Mr. Sesson will work closely with Evercore’s existing Transportation advisory group based in New York and led by George Ackert.
“We are extremely pleased that Randy is joining Evercore,” said Ralph Schlosstein, Evercore’s President and CEO. “Randy has a long history of serving as a trusted advisor on many of Europe’s largest transportation, logistics and transportation infrastructure transactions. This is an excellent example of the Firm building on our existing industry expertise, extending our geographic reach and expanding our ability to serve existing and new clients on a global basis.”
Andrew Sibbald, CEO of Evercore’s European advisory business, commented: “Randy’s appointment is great news for Evercore in London as we continue to build-out the platform here. We’re delighted to be adding transportation to our existing industry specialisations in financial institutions, utilities & infrastructure, energy and metals & mining, as well as our strong advisory capabilities in general M&A and restructuring.
George Ackert said, “We are thrilled to have Randy join Evercore as we now have in place a global transportation, logistics and transportation infrastructure practice, with an unrivalled ability to serve our clients’ needs around the world. It is great to have Randy as a Partner, as he has been a tough competitor for many years.” “I am honoured and extremely excited to join the Evercore team in Europe as it builds out its platform in the transportation space,” said Randy Sesson. “George, Mark Friedman and his team have built an enviable transport franchise in the Americas and I look forward to working with them to build an equally successful franchise in Europe and other parts of the globe.”
About Evercore Partners
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 São Paulo, Brazil. More information about Evercore can be found on the Company’s website at www.evercore.com.