Tuesday, March 22, 2011

Evercore (EVR) Lands UBS (UBS) Tech Banker Eric Mandl

Evercore Partners (NYSE:EVR) announced they've hired Eric Mandl, a top technology banker at UBS AG (NYSE:UBS), to be senior managing director, advising large technology, software and Internet firms.

Over the last several days Evercore has been a major part of highly-publicized deals, including Charles Schwab's (NYSE:SCHW) bid for OptionsXpress (NASDAQ:OXPS) and AT&T's (NYSE:T) $39 billion acquisition of T-Mobile.

Mandl has also has had some major deals he was involved in, including advising Dell (NYSE:DELL) on its $960 million deal for Compellent and IBM's (NYSE:IBM) $1.7 billion bid for Netezza.

Evercore was founded by Roger Altman, former Deputy Treasury Secretary.

Evercore closed Monday at $34.06, gaining $3.66, or 12.04 percent.

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