Evercore revenues increase 48%

Evercore Partners' first full-year of revenues as a public company increased by 48% to $216.4m (€163.6m) as the firm increased its mergers and acquisitions advisory revenues by half.

Evercore's pro forma revenues in the advisory business rose to a record of $193m in 2006, up from $127m in 2005. Evercore credited the rise to an increase in completed deals and gave some of the credit for the increase to its acquisition of UK advisory boutique Braveheart Financial Services.

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