NH Investment and Securities Co. concluded an agreement with Evercore of the United States to jointly enter the global M&A market.
Evercore, a leading independent investment banking advisory firm headquartered in New York, and NH Investment & Securities (NH), the leading South Korea-based investment bank, announced Aug. 31 they have extended their strategic alliance for cross-border M&A advisory services for an additional two-year period, and expanded it to operate on an exclusive basis between the U.S. and South Korea.
“The advisory alliance enables Evercore and NH to continue to capitalize on what we believe to be a positive long term trend driving cross-border M&A activity in Asia,” according to the company.
Founded in 1995, Evercore is the No. 1 ranked independent firm year-to-date in U.S. M&As, and is an M&A market leader in the TMT, Financial Services, Energy and Healthcare sectors.
Evercore's advisory revenue growth since 2010 is the highest among all publicly traded investment banks. Evercore ISI, Evercore's equities platform, is the top ranked independent research analyst platform by Institutional Investor and #3 ranked among all firms.
NH Investment & Securities was formed by the merger of Woori IS and Nonghyup Securities in 2014 and is one of the largest investment banks in Korea by total assets. NH has held a prominent position in the Korean investment banking market for more than 53 years and is the leading domestic underwriter for equity securities, including initial public offerings, and the top domestic firm in the Korean M&A league tables for the past six years.
Ralph Schlosstein, Evercore's President and Chief Executive Officer said, “We are pleased to extend and expand our Alliance with NH, which we established in 2011. Our longstanding relationship with NH is an important part of our global strategy and enables Evercore and NH to serve domestic Korean clients and international clients with strategic interests in Korea. We are pleased to be working together with NH, a premier partner with deep client relationships in the Korean market.”
Young-Chae Jeong, Executive Vice President and Head of Investment Banking Division commented, "We look forward to continuing our partnership with Evercore so that we can together provide the highest quality M&A advice and create the opportunity to better serve our clients around the world."
Established in 1995, Evercore is a leading global independent investment banking advisory firm. Evercore advises a diverse set of investment banking clients on a wide range of transactions and issues and provides institutional investors with high quality equity research, sales and trading execution that is free of the conflicts created by proprietary activities. The Firm also offers investment management services to high net worth and institutional investors.
With 28 offices in North America, Europe, South America and Asia, Evercore has the scale and strength to serve clients globally through a focused and tailored approach designed to meet their unique needs NH Investment & Securities Co., Ltd., formerly known as Woori Investment & Securities Co. Ltd. provides a range of financial services in South Korea and internationally. It offers various investment banking services, including equity and debt underwriting; advisory services for mergers and acquisitions, project financing, and private equity funds; and financial solutions for corporate clients. The company also engages in trading stocks, bonds, derivatives, futures, and options; client book trading; and maintaining portfolios, as well as international brokerage operations. In addition, it provides wealth management services consisting of brokerage and asset management consulting services through the development and sale of various financial products, such as beneficiary certificates, bond investments, mutual funds, equity-linked securities, CP, RP, and WRAP accounts.
Further, the company offers merchant banking services, including short-term lending, such as commercial papers; deposit business comprising notes issued and cash management accounts; and structured deals for non-performing loans, project financing, and asset-backed loans. The company is headquartered in Seoul, South Korea and operates through 88 branches, 6 overseas subsidiaries, and 2 overseas offices in London, New York, Hong Kong, Singapore, Beijing, Shanghai, Indonesia, and Vietnam.
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